Alts over the border became very volatile on these Bitcoin moves because there is less liquidity on exchanges in those. Pictured above is an extreme example of coins that have low liquidity (XEM was listed on Binance less than 2 days ago and It looks like it hasn't gained popularity/liquidity yet). I've put a low buy order in for XEM at 0.11 and 0.05, wish me luck. :)
Second liquidity trap of the day. Such a simple setup, and such a simple ethos behind the strategy. Find where others are going to get stopped and stop them out. Usually US Bank Holidays are quiet and I'm not so active, but today we've smashed the liquidity traps.
The old me wants to buy it because it fits the trend-line/channel. Also, the double top doesn't help. I know that once we get near that double top it's going to break it. But everyone else is buying right now, thinking the same thing and that's why the smart money signals are telling me to sell soon. There is a breaker and an order block just above this...
This is a textbook pre-London setup. During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of. This was a simple 0.7 R trade that I was in and out of within 45 minutes. It amazes me that traders still put their stops...
Looking for a potential Liquidity Trap here to trap new sellers predicting a change in trend and squeeze out current long positions. I am looking from an institutional point of view, where liquidity is needed before a further move to the upside. This area of business (blue rectangle) interests me as we have nice prior lows where there will be a lot of stops...
Who's bullish on Gold / GC1! / XAUUSD ? I've highlighted zones in green which represent a high probability of trapped traders. These are daily zones - so would need further drilling to create trade zones. If price will bounce, there's a high likelihood of it bouncing from these zones!
Entry on 50% level/ liquidity wick: this is a limit order trade low risk or enter manually on the 1m chart Entry on the 1hr zone: this is a manual trade wait for the pullbacks indicating a reversal (Enter on fake outs)
when the market makes a new impulse and pulls back it is said to be operating in a range. within the range we observe internal liquidity formed within the range and external liquidity resting on the tips/swing points of the impulse. as the tape winds the market prefers to make attempts on internal liquidity followed by external liquidity or vice versa and the...
Wait for fake out then let price action give you extra confirmation
Wait for price action to fake out and then retest enter in the re test target weekly highs
Sellers are trapped in the zone as shown on EURUSD 4H DXY has already started moving down, confirming the UP direction in EURUSD. When price comes back to them, they would need an exit - giving us a LONG trade!
To me it look like a good Re accumulation schematic playing out. Just waiting on a test.
I took this trade and was expecting price to move 3R in my favor. However, after hitting 1R, the price just collapsed back. Even though I might loose this trade - but because of my risk management plan, this trade is already risk free for me (after it hit 1R). I cannot express enough - HAVE A RISK MANAGEMENT PLAN that works for your attitude! Risk management...
Weekly level once again acting vital for gold. Price bounced from weekly and I am expecting to see further upside potential. Anticipating a small retracement to the liquidity area and then rocketing to 1910 next magnetization area. #tradesafe #tfd #theforexdaddy
Usd/Cad has been on a huge downtrend since a while now. We are approaching a key market area around 1.322. This level will be REALLY IMPORTANT for loonie and I do believe that we are going to retrace from there and land on new low area's. Quite interesting to monitor this pair. #tradesafe #theforexdaddy #tfd
Detailed backtest results - prnt.sc - Win/Loss ratio : 300% - Non losers : 78% - Net R : 17 R across 18 trades - Avg R / winner = 1.42 - Avg R / trade = 0.94 Icons on the chart - Thumbs up : Trade was a win - Thumbs down : Trade was a loss - Circle with a cross : Trade was breakeven - Cross : Did not take the trade due to one or more trade qualifiers - Bug :...
Price broke 1.787 level and made new low at the weekly key level at 1.75 . After this price has been on a rally to the upside creating new prominent highs at 1.853 . Price retraced back lower breaking the trendline with a huge shooting star telling us that the bears are in control of the market. Weekly closure has formed a bearish engulfing . Also the ...