This has been one of the longest days. I took two trades, the first at a loss of about -3.5% and the second 3 x 3.5% win.
Yesterday my prediction was correct however I did come out of the trade at 3% instead of 7%. Today to me price will continue to go south.
It looks like the uptrend was broken on Fri. I'll be looking for short from now on with one possibility to go up. Please let me know what you think.
Moved my stop loss and you may say I did it too soon however we all know price sometimes is unpredictable. Instead of bigger profits, I end up with smaller ones. Well, we don't dwell in the past. Let's move on and think about another profitable setup.
This is part 2 of my trading day with analysis. So far 2 winning trades and 1 lost.
One win and one loss but overall in the green. This is to show how I look at price action and what makes me take the trade.
Today I have encountered one missed trade and 2 losses. I think discipline is one of the main issues I have to deal with. I going back to back-testing.
Missed one trade and got to another. Buying at almost premium. From the moment I missed the trade, I was waiting for FVG creation. Price did retrace to FVG but consolidated for some time. It tool longer then I anticipated but in the end, everything worked out. Please share your thoughts.
I don't follow standard Support and Resistance mode or Supply and Demand but instead I do follow Price and Time. Still lots to learn but getting better. This is something I wanted to try today. 8.30 NY News and later on 9.30 NY session open. I was taken out at first but later on whole thing played nicely. Please share your thoughts or if you have any questions...
If you look at D TF and use Fib you will notice that price will continue to go down. If you drop to 1H TF then you'll see price retested to what was support and now became resistance. I'll go for small scalp Long today on 15min TF and after that, I'll go short once I get setup. Let me know your thoughts.
I think there is no rocket science, the price will go up or down. today I have difficulties predicting where the price will go. To me, I see FVG below on 4h TF and 1H TF. it looks like due to the downtrend price will go down and I do go short with a stop loss must. London Kill Zone doesn't give me much of a signal or setup at the moment. I guess that whole action...
On the D TF it looks like price will revers to the gap which was created two days ago. I think price will go there and from there on I think price will go up. Please share your thought and comment below..
I can see three possibilities but marked only two of them. I think the price will drop to sell-side liquidity and bounce off going higher. Or it will go through a sell-side liquidity retest and go lower. I'll be looking to accumulation, manipulation (to trick retailers), and energetic move up or down. Please share your comments.
Morning small profit taken. I was late to enter at premium but no matter. It did play out from FVG which was created during Asian session. Price got back to FVG and slowly start falling. At the moment I'll be looking to go Long once new setup will form.
First tink what comes to my mind is GAP which need to be filled, then Imbalance which is also not been reached. I think those two places has to be reached this week. If it happen then I'll be looking to bullish move. But this is just prediction. You are more then welcome to add your thoughts. Thank you.
TP 1 was taken but TP2 and TP3 no. end of the day I'm in the green and that's what counts. I'll be waiting for another setup during the NY session.
Again FOMO. I've taken profits earlier. It looks like this is something I still have to work on.
There is a small FVG not taken out yet and sell-side liquidity below that. I think one of the will be taken out during the London session. after that, I would expect the price to move up to buy-side liquidity. Let's see if that prediction is right for today. Happy trading.