LParnell

LParnell

GBPUSD Trading Journal Price has been in a holding pattern. Weaving in between a tight range since dec 28 Compare to DXY which price almost delivered to the equilibrium today. The Euro is also very close to reaching its equilibrium as well. GBP is taking its time delivering to the equilibrium however. It makes me wonder why this currency is in this holding...

LParnell

GBPUSD Hourly Trading Journal Price had to my opinion a lack lustre week weaving in between an increasingly tight range. Is this a larger consolidation pattern? I am happy that I daily charted and followed it day and night. Made some aggressive predictions that were wrong and thankful for the teaching it gave me. That said price ended the week just shy for the...

LParnell

GBP USD Hourly Trading Journal Price opened on a down closed candle. London met my equilibrium target however I missed a FVG that price delivered to before accelerating to the below the midnight open for its finish in NY. This week price has been weaving in between a very tight range hovering around the NWOG created Jan 2. It has now broken the noted buy stops...

LParnell

GBP USD 15M Trading Journal I WAS WRONG! You learn more when you fail than when you are right sometimes. Hence why I feel I want to capitalize on what I learned. #1 Don't make specific speculations the night before a RED FOLDER news. #2 People who follow me may get tangled in my mistakes. #3 In hindsight yesterdays cycle could have been viewed as accumulation to...

LParnell

GBP USD 15M Trading Journal I suspect that price will decline to 15M imbalance at target range of 1.27354 noted by the buy side liquidity and potentially the equilibrium in London. Heavy day for me to speculate with RED FOLDER news at 830am and desiring for price to break out of its lethargy to the buy side liquidity and hourly IFVG and target range of 1.27879...

LParnell

GBPUSD 15M Trading Journal Price opened with a down closed candle, declining to the down side. London session opened to the buy side fake judus swing before seeking lower prices as I suspected in yesterdays notes. Displacement in the London kill zone setting up for price to seek equilibrium. Price covered the range that was created yesterday to the down side....

LParnell

GBPUSD Hourly Trading Journal I am pleased to see that price declined in London to the equilibrium and delivered to the FVG from Friday. I desired for the sell stops at 1.26105 target, and missed it. But hey I'm still celebrating. And still aware of the liquidity for a decline to. I noted FVG in the 15M chart at range of 1.27390 and suspect it will come down in...

LParnell

GBPUSD Daily Continuous Chart Since Dec 14 price has been weaving in between a defined range with exception of dec 28 creating a new high. I suspect we see evidence if price will be seeking higher prices confirming a bull market. Recent range is in a premium. Price is bouncing up from the equilibrium levels. Last week price took out equal lows and sell stops...

LParnell

GBPUDS 15M Trading Journal It is likely to see Price come down to the bearish order block right a equilibrium range of 1.26911 before tipping its hand if it will seek higher prices to the buy side at 1.27708 or coming to the sell stops 1.26105. If I were the market maker and price is still bullish I would sweep the sell stops before rallying to higher prices.

LParnell

GBPUSD Hourly Trading Journal Price started the week seeking lower prices in a distribution cycle on Tuesday, and delivered to a accumulation cycle by the end of the week. Price had resistance to go below old lows since Dec 13 rally and price has had resistance getting above the highs created dec 28. I note this because the old lows seemed to be defended and...

LParnell

EU breakdown of non farm payroll volatility I felt that today was going to be dramatic and I wanted to study price moves. I suspected that EU would eventually bull rally today as the real move. In London price fake judas and taking out the heaviness of the sell side. True to teaching at 8 it captures sell side from Dec 14, before accelerating to the upside...

LParnell

DXY non farm payroll high volatility notes I suspected that at the DXY would create a high probability for volitity due to the NON farm payroll. And celebrate it did. The week started by taking out buy stops because price had just taken out sell stops, then commended to a accumulation pattern suggesting for a distribution later this week considering that price...

LParnell

GBP USD Non farm payroll high volatility analysis I expected today to be dramatic with non fam payroll. Tuesdays distribution imbalance created a new week low at London into NY. Price delivered and bounced upside for the third time since dec 14 leaving those sells stops in tact. Price tried again after s short consolidated on Wednesday before accumulating to the...

LParnell

GBPUSD Daily Continuous Chart My sentiment from yesterday was that sell side liquidity and clean equal lows range would come down 1.26297. And boom it did! Great start to the new year! With the sell stops taken it is likely to see price come up to the NWOG 1.26797 range. There is IFVG created from today decline on the LTF that I anticipate price will want to rebalance.

LParnell

Trade Idea London Price opened declining digging into the noted BISI. Then at 2 a fake swing up At 3 huge displacement not quite taking out Fridays buy stops. 4 am another swing high before declining to complete rebalance of the 15m BISI and continuing to the 15 equal lows and declining to my noted target of 1.26597 15 IFVG Spectacular delivery. I originally...

LParnell

GBPUSD 15M Trading Journal I suspect that price will seek the sell side liquidity at levels of 1.27128 to 1.27016 for Mondays low target possibly lower as mentioned on my hourly analysis. 1.26595 My gut feeling it that Decembers buy side was taken out, we are in a bull market and could this trend continue. Should it seek buy stops this week above the old high...

LParnell

GBP USD Hourly Chart Analysis Last week price rallied to the out most of dec 2023 buy side liquidity creating a new high on Thursday. It's likely that price could decline to the sell side liquidity at 1.26975 first target which is at the NWOP and could see price take out the clean equal lows of 1.26797. I suspect that could happen in London creating the low...

LParnell

GBP USD Monthly Analysis & 2024 year notes Price repriced after Sept 2023 bear decline creating an imbalance that November repriced, leading Dec into a bull rally to seek the SIBI from April 2022. Price reached equilibrium in DEC. It seems likely that a long term price delivery to range level of 1.130072 the first target for the month of Jan 2024. Should price...