About meHey guys, welcome to my profile. I would like to point out that the ideas I post on here are "ideas" I'm not taking all of these trades. I've been trading Forex for over two years, and I am an active intra day trader. If you want to connect feel free up.
From start to finish here is the analysis.
It looks like the institutions built a position in the purple box. It is a rotation.
The positions they built were sell positions, we can tell this by the move downward from the purple box.
However, that move was rapid and looked like nzdusd was going to drop heavy, but it reversed.
That was a trap move, you can see...
Looking at another trap move.
The two blue lines are previous highs.
Exactly at those highs we have an obvious bullish engulfing which just got reversed on.
It's behaving like the market makers set up a trap. I will be watching to go short.
Something to add to the watchlist, no entry trigger yet. but definitely peaking interest.
Bearish Bat Pattern Complete as well.
At this point i'm seeing everything I want to see.
Just waiting for the news to spike down below the yellow zone. If I was a market maker that wanted to go long I would:
Trick retail traders to sell during the news and I would hold price below that yellow box they are looking at as support. There is also a triple top.
While they are selling i will be buying,...
I'm looking to be a buyer so I'm sitting this one out.
I'm looking to buy where that sell position might be closed at. Waiting for the news to drop at 8:30am
Reasons for this sell though:
Tiny retail trend line with a nice false breakout to trap longs while they need to go short.
If the take profit is hit before this trade triggers, delete your order and get...
For the rest of my life, my setups will have the same concepts/follow the same criteria.
I look for spots that institutions have played ball at. If you zoom out you will see they pushed price up previous from the blue line I have drawn.
I'm just looking to see if they want to play with that price again. I think they do because they just pushed price down to...
We could get a nice 50 pip move, I think it has the potential to go much more.
I'm not sure the low we got friday is the final one, structure doesn't look to confident, but we do have a new H1 high after hitting a buy order zone, and a market maker trap move to go long. I'm still looking to buy.
Looking to enter the pull back this morning, if I get my entry...
Waiting for a sell signal on the 1m and 5m time frame for EURNZD.
There is an alternate bat pattern completing in the sell zone as well.
There was a strong up move (purple) which triggered a lot of people to go long.
I believe the banks want to go short. The blue line is the start of that up move they made, so I'm looking for them to close out those longs...
Note** If the Index is going up it means that this currency as actually bearish, and vice versa.
Pretty much the same as my USD and GBP outlook overview, just different structure. These three typically move in a similar fashion, with the USD being the outlier when they diverge.
For the EUR we need price to close outside of the teal box, ideally I'd like to see...
Once again, this is one of my indexes. Keep in mind that if the index is bullish that means the currency is bearish.
Across the board it is pretty obvious that the Pound closed out 2019 with tons of strength.
I'm expecting some sort of pullback or stop hunt to close out some of those buying positions.
The market will NEVER continue in one direction forever,...
This is not the DXY, this a custom Index I use to analyze currency strength. What you are looking at is the performance of the Dollar vs. The 7 Other Major Currencies. If you were to gather all the data on each of those dollar pairs and compile them and average them out this is what the chart would look like. (IMPORTANT -> the index is flipped for some reason, if...
Had a very bullish day yesterday, The reason I'm long is because of price behavior we've had off the orange line. We filled a gap, and I've been seeing some good buy signals such as those two purple seller boxes being trapped. If this doesn't get triggered during the news, or before 8:30am
I'm going to delete the order.
I think we have one more high left this...
Looking for my entry to get triggered during the news.
Looking for a rapid drop. Then buy orders to flood in and carry us to the next resistance by 10:30am
Looking for a H&S to fail on the 5min chart. I think retail will get caught selling while the institutions buy.
This may be the top of the mountain. Won't be surprised if it doesn't reach tp
The orange box is trapped sellers. The purple box is also trapped sellers, I'm looking for the banks to hold above those boxes and keep them trapped. Harmonic will trigger my entry.