jnmasters

jnmasters

Noticed a stop hunt on the 15 minute time frame. Waiting for the retest for best entry, and will target the top of the most previous high. If price breaks through those highs will look to hold if market maintains a bullish trend.

jnmasters

Starting on the 4hr I saw equal lows were being formed. Then going down to the 1hr and 15 min I saw a good support level to buy off from.

jnmasters

I'm expecting CADJPY to clear previous lows on the 1 hour time frame. I am going to wait for retracement between my .5 and .62 fib levels before entering on the 15 minute time frame.

jnmasters Updated 

I started off with my normal set up to trade London session by marking my midnight open, high and low of the week. I anticipate GBPCAD to make a lower low during the manipulation period before going up for a buy. I also got confirmation from the harmonic scanner of IM Academy. I will wait until 2:30-3:00am EST to decide if I will enter this trade.

jnmasters

Last week I made the mistake of falling for a false high during the London session and when the trade went to retest and set a higher high, my stop loss got hit. This week I was able to identify the false high that was set around 2:00am EST and waited for the retest and then got in the trade. Good execution.

jnmasters

Tuesday morning trading London session I was aware of the manipulation to Monday's high and I predicted a sell. My call hit take profit, however I went into the trade too early based off of the Mondays range indicator. Now I know to include wick and the highest point of Monday when going into Tuesdays London session.