Please check in this link as a reference of the original trading plan for XAUUSD : There are two price levels I am looking at and will wait to short XAUUSD if there would trigger when the price reaches there
Referring to the this post 2 days ago : The daily range for yesterday was 100 pips roughly whilst the 20-day ADR was 130. I would consider it a hit. Today's 20-day ADR is 132 pips and I expect this will be reached today and hopefully to the downside. I am still bullish the Sterling and I am looking at liquidity pool at 134.600-134.500 and 134.00 price...
Yesterday's trading range was 63 pips whilst the 20-day ADR was 114 pips. I am expecting a price expansion today and I am hoping the high of the week will be formed for this pair and goes on a downward move towards the weekly downside projection (the 20-week weekly range is 230 pips). I am looking at the liquidity pool around 1.616 -1.620 and when price enters...
Yesterday the daily range was 32 pips whilst the 20-day ADR was 52 pips. Price missed the daily range hence I expect a decent price expansion of above today's 20-day ADR of 48 pips or at least hitting the exact range projection. I am bullish bias for CADCHF hence I am looking at the liquidity pool at 0.74800-0.74880 and/or 0.74700-0.74600. If price enters into...
Yesterday the daily range was 122 pips whilst the 20-day ADR was 142 pips. There was a miss in daily range even though 20 pips for this beast could be considered a hit. (Discretionary analysis red flag!), I am NOT anticipating a price expansion today (price exceeding the daily ADR range). Having said though, I am looking at the liquidity pool around 134.00 -...
Yesterday the price went on a 90 pips price expansion. I anticipated a 65-75 pips yesterday (Read it here : ) and this was not good for me personally. Yes, I was Bearish bias for EURUSD but I would only short the pair if the price taps into the liquidity pool that I have pre-determined. Well, new day, let's move on. As I already mentioned above, yesterday...
Yesterday the daily range was 63 pips whilst the 20-day ADR was 91 pips. There was a miss in daily range hence I am anticipating a price expansion today, and hopefully to the downside tapping into the liquidity pool. I am looking at the liquidity pool around 1.12270-1.12300 and once price enters in the zone, that is a bullish activation and I will wait for a...
Yesterday the daily range was 156 pips whilst the 20-day ADR was 110 pips. There was a price expansion yesterday so I am anticipating either a small correction (towards the liquidity pool at the upside) or a continuation downwards but in a small range. I am bearish bias for EURCAD hence I am looking to short this pair. I am looking at the liquidity pool around...
On Friday the daily range was 37 pips whilst the 20-day ADR was 65 pips. That's almost 50% short of hitting the daily range. When price misses the daily range projection, the following day or next few days, price will compensate that. Price expansion should happen and if it happens today, then I hope a 70 pips run today. The 20-day average daily range (20-day...
On Friday the daily range was 31 pips whilst the 20-day ADR was 35 pips. I would consider it a hit. The 20-day average daily range (20-day ADR) for today is 34 pips. I am anticipating 55-65 pips run between today until Tuesday's London open at 3 pm (Singapore/Malaysia time). AUDUSD is in a bit of a run now to the upside. I am a trend follower believe it or not...
I had a friend who said to me as soon as I said I have a Long position on an airline stock CFD, would I short sell that stock CFD if, god forbid, something bad happens to that airline? It made me sick to think about it. If there were accidents happened and there were ways that me as a currency/stock CFD trader, able to take advantage of it i.e short or long the...
On Friday the daily range was 226 pips whilst the 20-day ADR was 224 pips. Allow me for little hindsight analysis here (the worst kind I know) : The 20-Day ADR was hit on Friday and the root of that intraday bearish move was on Wednesday when price close above Monday and Tuesday-Wednesday high and tested the Tuesday-Wed Low. The 20-day average daily range...
On Friday the daily range was 53 pips whilst the 20-day ADR was 57 pips. I would consider it as a hit and pretty surprising considering the range on Thursday was 159 pips but I appreciate that it probably be skewed by the fact that it was ECB Rate Decision day, hunting day for the institutional traders looking for liquidity. The 20-day average daily range (20-day...
At the beginning of the week, price closed above previous Friday's high and that Monday high became a strong resistance level for this pair until today. I was bearish bias even until now. Why am I bearish bias even though the P1 had been activated thanks to the institutional traders failed to be very subtle with their stop hunts. I have mentioned in my other posts...
Thanks to liquidity run before the ECB rate decision towards .88900 - .89000, it activated P1 (Price broke and close below Tuesday-Wednesday low) and I am intraday bullish bias for EURGBP. There are two potential targets for my bullish intentions for this pair which are the 20-week average range (upside projection) and the Boomerang target. If you do not know what...
I am still stuck in this trade (read it here : Yesterday and just today's Sydney session, I saw stop a hunt towards at .68850 - .68750. You could just see the long wick candles. These two "tests" towards that price level creates two equal-ish highs hence I will determine just above it as a valid liquidity pool. My stoploss is in that as well. There is...
Apabila nampak level yang terlalu jelas, maka besar kemungkinan tempat itu akan menjadi zon yang diperhatikan dan apabila zon itu menjadi tempat perhatian maka banyak "orders" akan duduk disana. When you see obvious levels, you can bet EVERYONE will see it. When everyone sees it, then there will be A LOT of interest at those zones. When there are a lot of...
Price still trading inside last week's range / Friday's range. So far, it has been an "inside day" week as the price didn't even close above Friday's high or low. I have identified several price zones that (based on my personal believe where recent turning points and/or zones that have equal highs or lows have clusters of retail orders) I believe institutional...