To simply put this is what I think of the dollar Index.
As October is coming to end I know that November seasonally is
I currently see a bullish order block and a swing low formation.
If price can break the 3rd candles high in the swing low my mind
will consider the dollar gaining strength.
As of right now Im...
As you can see Gold recently took out the lowest low within the Oct. 1st look back IPDA data ranges.
Price since has been trending upward. We can see that the dollar has been finding a hard trending bullish.
I still see Gold moving higher as we move into premium price points
As you can see the USD/CAD has been trending bearish since breaking that 20 day look back highest high from Oct. 1st.
We also have taken out majority of the sell side liquidity on the Higher Time Frame which is significant.
I do see areas that we can seek a buy opportunity. However the overall trend is still bearish if the dollar continues to fall.
We see that the DXY keeps retesting the highest high within the last 20 day look back range we established.
Today we see price make a great move to the downside as we can see with the most current daily candle (Oct. 13th).
From here I would like to see the DXY show signs in price action that it will continue to fall lower into discounted...
We recently got a important high taken out, and we can possibly see some selling take place.
We do have many different discount PD arrays below that can be targeted by the algorithm.
Now we can search for areas to sell when the opportunity presents itself.
We can see that Oil has recent made a new high.
I would like to see swing high to form, granted we broke equal highs within the 60 day look back range.
We could see a high of the week on Tuesday and then possibly a sell throughout the week.
Here is our October IPDA look back data ranges.
We can see that we recently took out a low, created a equal low or a double bottom.
We do have areas of highs that look to be targeted by the algorithm.
I want to see gold go to 1850-1880 as a long term target.
Here I show you how I find large banks order flow!
IPDA (Interbank Price Delivery Algorithm) look back ranges help us see where our most apparent highs and lows are within a 20 day cycle.
Every 20 days the market makes a new high or low. It may not be exactly 20 days but roughly every 20 days you will see a new high or low formed.
I use this...
The outcome from a 1:1 can be highly rewarding at times.
Here is an example of me using the Asian Session scalp setup which gained me a handful of pips.
LTF with fundamentals on the 4 phases of the market.
I also paired news with entries and watched the dxy closely.
Looking for Asian Session to take out late N.Y stops and fade the opposite direction and follow the overall trend.
Here We can see price cam back to retest the Asian high. We do have lots of news coming out for EUR today.
We do have news coming out at London Open Kill Zone 2 am and I would like to observer what occurs.
Looking to see if the Asian Session wants take the N.Y sell stops and fade higher into tomorrows trading session.
We can see this as a common 20 pip scalp typically but could run longer into next N.Y session.
As you can see I was able to catch the Asian High as the entry.
This high also happened to break the late N.Y buy stops and price faded away from those highs.
Price then displaced lower and took out many sell stops.
Here I was looking for a high to be broken by the during the Asian session.
This high would be within the N.Y "lunch" session.
Once this high is take I would seek to short into a recent low or gap.
Asian Session Scalp Bearish:
Here I was looking at the N.Y "lunch" session and its highest high.
I wait for the Asian session to start and break a that high noted within the N.Y "lunch" session.
Once price breaks the high I would take a short and aim for 20 pips.
Looking for price to take a recent low out or fill a gap in.
Expecting AUD/USD to go lower.
Here looking at GBP/USD, I see price on the 1 hour is giving us the ATM METHOD SETUP.
I've attached or linked a previous post I made about the ATM METHOD SETUP with GU and AU
As you can we have a key high formed and a short term low broken.
Price has been showing signs of returning back to where we got a market structure shift.
Would like to...