I have been working tirelessly to create a strategy that gives me a pretty high win rate and RR at the same time, which I know is unheard of but that won't stop me.
This is one of my first trades based on this new strategy. I use Fib levels 62%, 70.5% and 79%, price is rejecting these levels and a 1hr resistance at the same time.
Just found a 4hr support that...
This is a video from ICT, showing IPDA insights.
So on EURGBP, I actually saw a very similar circumstance playing out like the video above. Price took out the first high of the previous consolidation period, and it depreciates to a level where a key low was at.
The yellow line is a "Rejection Block"
The a few...
I'm not doing this seriously, but this should be a fun experiment.
I'm applying a brand new strategy here, trying to use the weekly and monthly levels.
It would be too crazy if this actually works out, but hey, you never know until you try...
Hey, before you scroll through and ignore this idea, just please check on the future price movements.
Again, if it...
It's been a while since I've published anything, so here we go!
At the last week's close, price seemed to reverse upwards, so I need to find where it's going to end up.
I identified a downward trendline, and it crosses near the level that's associated with a prior consolidation period, so most would say that there's some sort of confluence going on here.
So I made a buy limit order on CHFJPY , made 1.55R, not too shabby.
Except that it didn't actually happen!
CHFJPY reached the entry price of the order, but it did not get filled for whatever reason!
Wish I could publish this idea on the 1-minute timeframe, to underline just how precise the price has reached the entry point.
Just something that I want to tell...
Oh, and did you know that it's literally 12 am in my place? I didn't stay up all night just looking at charts, I watched a couple of gaming live-streams here and there.
Since I am kinda exhausted right now, how 'bout I keep things a bit short. Analysis details are all there for you to see.
6R trade, never...
Yesterday, a lot of currencies moved abnormally, in that they created a candle with a really huge wick. This must've been the manipulation after the huge shorts that were made.
Price is almost finished filling out the huge wick, and since other traders are gonna go long after seeing this huge up move, the market makers are gonna plunge the price down.
I saw a strong resistance line that price reacted to. It reversed 4 times, and this 4th time is definitely going to be the next bearish reversal move.
First TP used to be a resistance line, now it broke out of it. Chances are, once price reaches that level, it will bounce back, so that's my first TP.
Second TP is actually this week's close. Price, on a weekly...
I've been holding this trade for quite some time now, but NOW price is definitely going up!
Price was conveying a Wyckoff model. Selling Climax, Secondary Tests, and Spring had already happened.
First I was waiting for another re-test, but price just created a bullish engulfing pattern, so another re-test is just...
I first saw a priceline that market's been reacting to over and over again. This time, it seemed to act as a support line.
However, when I got in, I was lucky enough to already see that market grabbed liquidity from SL of trades going to against the support.
So, what time was it, guys? It's my time to win some pips of course.
When trying to move my TP, I saw an...
Price conveyed a strong downtrend, then it created a pennant, which is a continuation pattern.
And if you look at a greater picture, you'd see that price created lower lows, and it was far from reaching the previous high.
SL is crucial for this trade. Since it's a pre-market trade, the pips spread can widen at the start of the trading week. USDJPY's spread is...
I took a short trade, expecting the market to follow a bearish structure. And it did!
It made an uptrend, then it went up for quite a while, but now I am seeing a reversal pattern, and the fact that it hasn't broken the previous high just further confirms this potential downtrend
My entry price is just above this current high, which makes it a perfect...
Price is consolidating after a downtrend, which indicates that the price is going to continue moving downward.
To prevent my trade from getting stopped out, I first need to find an area of liquidity, which a line that's above the high of that consolidation period. You can see where I have identified it in the chart above.
As for the TP level, it's pretty easy to...
Market just created a reversal pattern, and the fact that price is still at a lower high indicates a potential downtrend
First T/P 95 pips below
Second T/P 185 pips below
I'm not gonna be bothered to explain why I put my Stop Loss there, you guys can see it for yourself.
I'm hasting to grab this opportunity RIGHT NOW!!!
Bearish Pennant after Downtrend
Bullish Breakout occurred so that previous sellers in the continuation pattern get liquidated
The bulls got depleted after reaching 50% Fib, Gold could start moving in its intended direction once more!
With a downtrend market structure, I'd say that the price should surpass the previous low, so that's where my T/P is
It's 6 R/R...
1. Reversal at a supply zone and major resistance line
2. Pulled T/P to the lowest demand zone. S/L above the supply zone
Take the trade or leave it, up to you