This is an extension for the following post : This is just an example, using a random entry-based / trend following based indicator ( True Strength Index) to time our entry. I do not necessarily use this indicator), to showcase how the ability to navigate the market via this simple concept potentially limit the market noise and only take any trading signal if...
The price didn't fourth-tapped the buy stops yesterday. Equal(ish) intraday highs first formed on the 23rd August, tapped for the second time on the 27h August and tapped for the third time on the 29th. The root of yesterday move was from Friday's high. It went down and almost tested last week's low but it didn't close inside the liquidity pool to warrant me for a...
There was liquidity run as anticipated yesterday. Price stayed around in that pool and barely got out to make a meaningful trigger for me to Long AUDNZD. As Tokyo opens, we saw price breaks through above Friday's low suggesting it could be time for price expansion after accumulation. Having said that though, there will be risk events in 7 minutes as of i'm writing...
The EURJPY had been in a bearish trend. The Yen had been bid due to safe-haven flows thanks to Trump and China trade war. I also believe what is happening in Hong Kong does play it's part as well. Retail sentiment generally bearish on the Yen. The first thing happened after the Sydney open was price managed to break below and closed under last Friday's low...
I have adjusted a bit of my view on EURUSD, the estimation of how deep is the liquidity under the last week's low. Yesterday price tapped into it and you could see the aftermath : the doji-like candle just at the time of London close. Then I looked at the pair's weekly and monthly range, the price hasn't reached it yet (the Monthly Low Projection). Considering...
Monday high and low (after the NY close) coincided with equal high on Friday and several days (including Friday low) low respectively The liquidity resides above the Monday high (remember I divide the week into specific chunks to be able to objectively determine and qualify a "valid" liquidity pool) and was tapped in yesterday. Interesting enough Tue-Wed high...
Friday low was broken coincided with an equal low few days before (check your own charts), if i was on my trading desk when that happen (price tapping in the green zone I marked) and my personal trading system triggers a Long signal, i would've been in.. well, it fits my criteria to enter a trade.(again, you would argue hindsight analysis.. but AGAIN, you mark...
This pair looks a really beautiful setup, all time frames tell one thing: "SELL" I will be waiting for a break and retest of 1.73 zone on 1hr time frame before entering short. This pair has way more downside potential then my target.
If you like my work feel free to leave a like and follow not to miss any trade. We successfully fulfilled 12.5R with ETH/USD last night and caught BTC/USD at 10.4k a few days ago. BTC/USD has proven within the last 24 hours that a set of clear highs and higher lows indicates strong willingness to break out and aim for liquidity pools. As POC from yearly-high...
Do not forget to leave a like and follow not to miss any of my setups. They are truly appreciated:) Starting off with HTF we are looking for a strong weekly close above $225 as it reflects our long-term POC (ever since ATH). Followed by a run-up to POC of the recent sell-off at $306 there would be potential to form a range between $269 - $306 before taking off...