JayForexAcademy

JayForexAcademy

When figuring price out one of the things we consider is what price might want to fill and after it has filled that, what might stop price and reverse it. So for DXY we see that it's currently filling a void that was made during the bullish move. It's also at a gap that might be filled. After that I think price might drop a bit lower to take out the old low where...

JayForexAcademy

Hello. I'm back so let's get back to the charts. Had taken a little break. With some old highs, comes a liquidity sweep which is what I see happening on DXY. The sweep might also fill a vacuum in price to the indicated OB thus allowing the market makers to inject a volume of bearish orders to further sweep out stalling liquidity below old lows.

JayForexAcademy

Hello. I did a sell setup on NZDUSD on 9th Jan this year when the price was around 0.6360 and people rushed in to sell. I've been patiently waiting for price to reach my expected zone and instead it missed the zone by 4 pips before dropping a little and has been consolidating in a range. Let's wait for volatility and see what price action will tell us

JayForexAcademy

Hello and happy pipful year everyone. Based on the current consolidation I think it'd be safe to wait for price to first take out any liquidity lying above the current 2H highs and drive through to the BMs price above. I feel that would be a safe short entry. R:R = 2.7

JayForexAcademy

Hello friends. I hope you're enjoying your holiday with your families and friends. Was just looking at the charts and found out that our DXY setup is still playing along. Happy New Year!

JayForexAcademy

Setup failed, SL hit. Like I mentioned in an earlier post, price usually becomes sluggish and unreadable during the December holiday season and that can lead to wrong decisions. It's best to close the charts and take a break until next year which is what I'm doing. See you next year and happy holidays!

JayForexAcademy

Setup failed, SL hit. Looks like price abandoned the liquidity lying below last week's lows and instead decided to go for the equal highs liquidity above last week's highs

JayForexAcademy

I moved my SL a bit high to 1810. If you fully understand my strategy you probably did so too. Let's see how it goes but it's been a fairly good week

JayForexAcademy

Before executing a trade it's very IMPORTANT that you know the exact amount of money you're risking on that trade so that you don't end up taking a very big risk. Suffering losses is NORMAL in forex trading and the only way to make sure that you do not get psychologically affected by your trades or to ensure you don't blow your account is by applying proper risk...

JayForexAcademy

NZDUSD took out and gained liquidity by running last week's lows, I see some bullish momentum developing and that's why I think that a bullish move might most likely happen.

JayForexAcademy

To be honest I had started thinking that the setup will not work because of how price has been behaving lately. However, I would move SL secure my profits if I were you

JayForexAcademy

We hit full TP although the short term setup I also gave failed. Let's see what's next for gold

JayForexAcademy

I shared a setup on a gold sell to cover a void below but it failed and hit SL.

JayForexAcademy

A look at M15 shows a bearish trend developing. I had posted earlier (19th Dec 2022) that the gold buy setup was a risky setup and we're yet to see how that goes. So in the meantime I think that on the M15 chart, price could drop further to cover a void that was left during its move up last week. A 1:3 R:R.

JayForexAcademy

Since in order for the exchange rate to buy higher, it must first drop lower in order to buy at a discounted price. It's everyday simple business law. Therefore, in this case gold might retrace to fill the 1H void in price then perhaps rally from the fair value gap or the order block. However, I consider this a riskier trade as opposed to the short setup because...

JayForexAcademy

It's that time again, the holiday season when price becomes sluggish and unreadable. However, I see a void in price upwards that might be filled by gold up to the bearish 2H order block that might serve as supply zone to take price bearish. To me that's also a safe area to take shorts. THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT

JayForexAcademy

This strategy will require you to be able to distinguish between the impulsive move and the retracement since we only apply the fib retracement tool to the impulsive move. What you do is just lay your fib from the body to the body (not the wicks) then identify the 50% retracement level. Now if you're an aggressive trader you can set a pending order or just...

JayForexAcademy

One of the things I've realized in the years I've used this strategy is that price will 98%+ of the time respect my entry zones even though go in my speculated direction. When you see that happen it means that such zones are special and are also known to the market makers. Price has been consolidating at the supply zone I identified yesterday on DXY but it's not...