DesmondMeyer

DesmondMeyer

The idea at the beginning of the week was to see the DXY make a bullish move to then return lower and take out the equal lows. Price action did just that by taking out the lows and immediately reacting causing a slight move back up

04:28

DesmondMeyer

*PARDON MY KEYBOARD. SOME LETTERS ARE BROKEN. In this example, the market had shown the previous week it was bearish because of the break of structure on the 4hr time frame. Understanding this, we should automatically look for bearish set-ups for the following week. The week opens and immediately we should be identifying any institutional candles or imbalances...

DesmondMeyer

NASDAQ DIVERGENCE WITH AMAZON CREATED A PERFECT SHORTING OPPORTUNITY FOR AMAZON

05:41

DesmondMeyer

HINDSIGHT(Entry would've been 50% of the imbalance that was left open

04:43

DesmondMeyer

Imbalance in the market is when one side of the price is strong while the other side is lacking. For instance, in the USDCAD example the sell side was much stronger than the buy side. This causes an influx of sell orders coming into the market and not enough of buy orders. When there is much more money flowing in on the sell side, it will cause very fast movements...

DesmondMeyer

Planned this setup months ago seeing the 4hr candle was still open. Missed my entry and eventually hit every single one of my targets

04:53

DesmondMeyer

In order to enhance your plays when it comes to options(stocks), it will help to compare the stock to its relative index it is in. This was a stock I happened to come across just doing some random backtesting and saw a nice 4hr candle that could potentially cause a reaction for more upside. I forgot about it and came back about 2weeks later and saw my area was...

DesmondMeyer

Trade of the week

04:14

DesmondMeyer

This trade is still active. I was in on the 1HR time frame but was stopped out at breakeven. I then played it again on the 5 min timeframe. You'll notice how the market needs to create liqiuidity to move back and forth. When I got in on the 5 min time frame, you'll notice the market created equal lows and there was one more spike down to my entry before finally...

DesmondMeyer

BYND SHORT

DesmondMeyer

SELL OPPORTUNITY

DesmondMeyer

OIL SELL OFF

03:44

DesmondMeyer

BTCUSD mark-up that happened over the weekend. The overall target was not achieved, but the first target was reached as there were equal lows located within reach that it was reaching for.

01:34

DesmondMeyer

AUDUSD VS NZDUSD DIVERGENCE PLAY. If you're looking for buys, you want to buy the stronger pair and vice versa if you're selling

04:36

DesmondMeyer

Planned two sell ideas for XRP over the weekend. The first one traded into the direction I was looking for but did not go all the way. I marked the second one up immediately after planning the first because that was another place I thought we could get a reaction. I was not too sure that the original point of interest with the 15 min candle would hold all the way...

05:33

DesmondMeyer

With the talk about Bitcoin for the past couple of weeks, I decided to go take a look at it. Trading against the trend can be difficult without the right expectations. I saw we slowed down a little bit and started ranging. We broke structure on the 1HR time frame which signaled there could be some weakness that could be coming into the market. With the area I had...

DesmondMeyer

Regardless of the market, they all move the same way. This analysis if over Pfizer (vaccine company) who has been headlined in the news last week. Manipulation at it is finest

06:50

DesmondMeyer

Looking for at least a 3:1 on the short but we never reached the target. We gained 50 pips off of the trade so it was enough to take partials but the moment we made our way back up to the entry area without breaking bullish structure, the trade lost the highest probability of selling back down again