About meForex Day Trader Primarily
I find I am better at giving advice so I am here to post my ramblings so that I make my decisions of logic and not emotions.
If you find benefit in my ideas, Welcome!
But they are not financial advice.
Forex Day Trader Primarily. I am here to post my ramblings and document my personal trading journey so that I make my decisions of logic and not emotions. If you find benefit in my ideas, Welcome! But they are not financial advice.
Might start to do my weekly analysis after Monday price action. Dollar is strong right now. If we are going to see any weakness, I expect it to be early in the week. Might provide short opportunity into demand, where I would be looking to join long in the overall trend. But as price sits right now, shorts are more attractive.
Price action is a game of liquidity, Trading is simply anticipating which side of liquidity is more attractive. I am bearish this week in GU, but expect buy side liquidity to be taken before sell side.
EU may be shifting back bullish, however I feel there is sell side liquidity to clear before a real bullish run. Bearish till a significant retracement. Open to buys early in the week to take out last week's high, looking for sells after that.
Bullish on US30 unless it prints a new low. expecting price to move away to buy side liquidity targets. Price could consolidate and build liquidity before turning around, so be patient and play only the most recent supply/demand levels until it is clear larger retracement has begun. Will re-evaluate if new low.
Bullish on NAS until it prints a new low. My gut tells me it wants the buy side liquidity above 13000. But that is too far a way a target for any level of certainty at this point. Should price turn around then that will become a stronger outlook. If price prints a new low then I shall evaluate, at this point I am looking for a reversal. This could take multiple...
Bullish into next week, watching to see price engineer liquidity at the bottom here before invalidating it to head back up for buy side liquidity and orderblock mitigation objectives. I expect monday to be a slow day. NY likely to attack sell side one last time
EURUSD showed major weakness, current bias is that this week will be spent trapping more late sellers, before reversing to take some buy side liquidity. HTF remains bearish, but selling at discount prices is just not attractive to me. This is in line with DXY perspective. Intraday price action will be monitored for short term trade opportunities with a bias to the...
DXY showed major strength last week, as anticipated. However prices are approaching supply levels that caused demand to shift, I don't expect price to make a new high without a fight. Will evaluate if a new high prints, but current bias is short term bearish for the week, either that or a consolidation playing a supply/demand range on a smaller timeframe.