DesmondMeyer

DesmondMeyer

Regardless of the market, they all move the same way. This analysis if over Pfizer (vaccine company) who has been headlined in the news last week. Manipulation at it is finest

06:50

DesmondMeyer

Looking for at least a 3:1 on the short but we never reached the target. We gained 50 pips off of the trade so it was enough to take partials but the moment we made our way back up to the entry area without breaking bullish structure, the trade lost the highest probability of selling back down again

04:12

DesmondMeyer

USDCAD SELL OPPORTUNITY. There was an open gap, around a quarter level, equal highs and equal lows everywhere, and an open institutional play. Play was a 4:1 risk to reward (I apologize for my mouse as it not too great which is the reason for me not being able to click on things as quickly as I'd like)

03:43

DesmondMeyer Updated 

Small time frame set-up. Let price come into our area of interest, let it react, and finally let it retrace so we can get in. Only looking for trades that produce a 3:1 risk to reward at least. This set-up was taken in my demo account but nonetheless the same approach would have been utilized if I were using my real account

04:26

DesmondMeyer

EU buy scenario played out well on Friday. The news that came out from the Federal Reserve took price to the target rather quickly. As soon as we hit, the whole level 1.19000 we reversed immediately. Remember if it is fast it won't last and if it is slow it will grow.

05:04

DesmondMeyer Updated 

A sell I was looking at all week last week on silver. We were making lower lows and lower highs on higher time frames and seeing how the indexes' (US30, NAS100, SPX500) were selling off in someway last week made this trade more probable. We got close to entry but never traded into my marked entry. Nonetheless, we came back and filled my entry giving 2 attempts at...

03:07

DesmondMeyer Updated 

After doing back testing between the two correlating pairs, you'll notice NZDCAD is significantly weaker than AUDCAD currently. So you much rather want to look for sells for the weaker pair and buys for stronger pair. The term for two correlating assets doing different things is called divergence. These two pairs have a 95% correlation rate on the 4hr time frame...

03:45

DesmondMeyer Updated 

NU short ideas. First one looked to sell in the imbalance. Second one was looking to sell off of the institutional candle. The market created liquidity right before trading into the area and then rejected nicely. I missed the second entry by less than a pip due to spread.

02:24

DesmondMeyer Updated 

Time lapse of a trade I rode down all week. We didn't respect the 4HR structure and broke through it, so I decided to look for shorting opportunities. Also being that the DXY was stronger for the earlier part of this week made this even better. We ultimately reached the target and have traded even lower since but it was clear where price was headed on the daily...

02:20

DesmondMeyer

I was wanting to short EU during the beginning of the week into a visible imbalance and equal lows (money). I had my entry at 1.18100 a whole level. We traded into the area and missed my entry by a pip and traded lower. Price didn't trade all the way to my target; it did however go for 80 pips so the risk to reward for how it turned out was a 4:1. Two trades this...

02:44

DesmondMeyer

This was a continuation of the USDCAD buy that I was looking at on the 4hr time frame. We failed to created a higher so I started to look for selling opportunities. Price came into our and we missed my entry by a couple of pips and ultimately we traded to our target. On to the next one!

00:20

DesmondMeyer

I was looking for a possible buy on USDCAD. Price came into my area and reacted perfectly but we failed to make a higher high showing me that price was weak and any possible buy scenarios would't work out.

00:47

DesmondMeyer

As illustrated, I was looking for a buy on this pair. We broke structure on the 4HR time frame indicating we were ready to continue buying. So I waited for price to do what it needed to do in order to take the buy up. I entered with a 10-12 pip stop loss hoping for about 80 pips. We came into my area and had showed great signs of strength. I didn't like how we...

00:20

DesmondMeyer

Was looking for price to trade up into 96.20 (20 level) and then trade lower

00:20

DesmondMeyer

USDCAD long