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...
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...
Price closed above the Monday high/Weekly high and there was a slight bearish reaction. I am biased on the bearish side because the P3 activation. I, however looking for the price to make another push and test yesterday's high and if it could reach the last month's high (green line) and take out the liquidity pool sitting above yesterday's high and the monthly...
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...
Refering to this trade (also linked below the post) I exited the trade when the GDP number came out. The probability was against me when that number came out so I cut my loss immediately. I risked 0.8% for this trade and ended losing approx 0.4%. The takeaways that I would like my readers to get from this post are as follows : 1) Trading isn't about being...
Price broke and closed below Friday high. When that happens, that would trigger my bias to Long the pair. It still needs a trigger though. One of the triggers for me is for the price to go lower and find more stops. If the buy stops at 1.61200-1.61500 aren't used by the banks to manipulate the price to go lower towards 1.61300 (or in plain English - If the price...
As we have posted earlier, the pattern Sperandeo worked well on USD SGD currency pier. Also now is very important moment which can help fo USD trading with other currencies also, take a look on MA233 (red). On 4 hrs chart price has stopped at this moving average and crossing of MA233 as a support will be the signal for another 70-100 pips rally. But be careful L2...
It's Monday, it's still in Asian Session. Just wait. I am not one to predict/choose a direction out of thin air. Having said that though, I would love it if price close above those delicious liquidity pool haven 1.0700-1.0720. If the price reaches there, I would set my intraday bias into Bearish and will short this pair once a bearish technical signal been...
Just imagine every turning point of a trend or a continuation of a trend, a fractal if you like, lies underneath or above it clusters of stop losses that the institutional traders look for to get liquidity. It sounds that it's evil, but whether we hate it or despise it, that is how the market works: you want to buy, you need someone willing to sell and vice versa....
Spotting where the buy stops and sell stops (which the institutional traders would look for and eventually consume it) is not that difficult. All you need is to think "when I was a newbie trader, where would I put my stops based on xyz method" The most common stop losses that is easy to spot are ones for reversal traders (using reversal candlestick pattern such...
If all new are neutral and base from other years history. It should be good in this world's #1 digibank . Just following a trend and past years graphing. 30+ by end of year. Trade safely. :)