We looked at the monthly fri sat I think it was the daily now we r on the 15 min as I’ll be trading this when the market provides a failure pattern to the upside or exhaustion
Typically i look for three different types of patterns to play in when the market just recently started to move against the big trend
I let the market trap traders who are on the wrong side trying to buy back into the trend. Exposing their sl by a wick rejection I’ll enter during this action and get into profit instantly
One such pattern is a 3try failure in the pic another is a nested failure and lastly crown reversal pattern.
The 3 try is ideal for new trend as it give traders what they are lusting for and that is to be the first back in the trend only to buy into a wall. Exposing their pain points. So this why we never never buy the first attempt or pullback it almost always fails and this goes for both directions.
It goes like this
Sellers try to buy their first pull back it fails then bulls step in thinking that the seller failure was the completion of their pullback and the market goes up on weak momentum narrowing ranging candles ( when you see this you’ll know what the outcome will be. Why? Cuz if the bulls are back you’ll see strong candles and aggressive buying up it happens faster so faster that by time u try to get your order in the market is already on it way) but often this still fail on the first pullback as the volu will increase but then a few ticks later we’ll get a higher vol tic in the new direction so never the first pullback is the safest way. Now we let the buyers try twice to take the trend back this looks like a wic at resident showing that the market is just hitting those sl and then it continue on down this is the ideal entry I’ll revisit eur usd then to explain what trap was used
So the other set up which is ideally the better one cus it requires exhaustion which takes longer put will give the best opportunity to remain. How this work is letting momentum die on the pullback on the hr looking for divergent in overbrought and sell their the flaw with this is it something the market is strongly trending in the new direction and don’t give deeper correction that’ll show on the hr and the target can be within reach by time it do.
So I feel the market will move with speed and I’ll be getting in where it seems fit
And I’ll keep you update on its moves
Tip
Always wait for some type of failure in the opposite way you want to trade in stay away from entering any market as it even if it’s like selling or buying in you direction already b patient wait for it cus if it’s going to continue it will give u a cheaper price
HOW TO TRADE LIKE THEM-
Typically i look for three different types of patterns to play in when the market just recently started to move against the big trend
I let the market trap traders who are on the wrong side trying to buy back into the trend. Exposing their sl by a wick rejection I’ll enter during this action and get into profit instantly
One such pattern is a 3try failure in the pic another is a nested failure and lastly crown reversal pattern.
The 3 try is ideal for new trend as it give traders what they are lusting for and that is to be the first back in the trend only to buy into a wall. Exposing their pain points. So this why we never never buy the first attempt or pullback it almost always fails and this goes for both directions.
It goes like this
Sellers try to buy their first pull back it fails then bulls step in thinking that the seller failure was the completion of their pullback and the market goes up on weak momentum narrowing ranging candles ( when you see this you’ll know what the outcome will be. Why? Cuz if the bulls are back you’ll see strong candles and aggressive buying up it happens faster so faster that by time u try to get your order in the market is already on it way) but often this still fail on the first pullback as the volu will increase but then a few ticks later we’ll get a higher vol tic in the new direction so never the first pullback is the safest way. Now we let the buyers try twice to take the trend back this looks like a wic at resident showing that the market is just hitting those sl and then it continue on down this is the ideal entry I’ll revisit eur usd then to explain what trap was used
So the other set up which is ideally the better one cus it requires exhaustion which takes longer put will give the best opportunity to remain. How this work is letting momentum die on the pullback on the hr looking for divergent in overbrought and sell their the flaw with this is it something the market is strongly trending in the new direction and don’t give deeper correction that’ll show on the hr and the target can be within reach by time it do.
So I feel the market will move with speed and I’ll be getting in where it seems fit
And I’ll keep you update on its moves
Tip
Always wait for some type of failure in the opposite way you want to trade in stay away from entering any market as it even if it’s like selling or buying in you direction already b patient wait for it cus if it’s going to continue it will give u a cheaper price
HOW TO TRADE LIKE THEM-
