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 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...
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...
Forex is not there to help you make money. It's there to take your money and feed the big whales and corporations. Market makers swing the markets for liquidity and grab your stoplosses and make you think it's going down but in reality it's shooting up. To be successful, it's your job as a trader, to spot these traps and to make the most of them. Don't follow the...
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...
US30 nearing it's all time highs with mitigation and distribution areas being met. With the DXY also looking to be bearish in the next couple of days, could we see the all time high act as resistance in the market for a big fall? I'm watching very closely and licking my lips at the potential profit on this one. PATIENCE - CONFIRMATION - ENTRY - PROFIT
Structure trade. Wait for confirmation.
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...
Quick dip into 1480 liquidity and back up to the highs before a sell off? Thoughts below please constructive criticism always welcome!
This pair has certainly moved to the downside followed by the bank's price manipulation around 1555.225-1555.400 You can read the post about where the current wave originated (the setup that I missed. Yes writing this isn't easy for me : Price closed below last week's and Friday's low. Monday was pretty quiet and low volume trading day as this pair didn't...