growthbank

growthbank

We have two trades present. The first one is the buy trade into the sell zone and the next one is the sell which is the main trade for CADJPY. We have a flag formation from the daily diagonal s/r zone. The lowest key level formed was in the most recent liquidity zone and rejected. Expectations: The market will come down, test the lowest wick and then buy into...

growthbank

CHFJPY has been on a consistent uptrend on all of the higher timeframes, and has just now found some resistance. The retracements on the higher timeframes have been around the 61.8% range so that is what we are looking for moving forward. On the daily chart we have broken structure to continue the sell until the end of this overall retracement zone. Expecations:...

growthbank

Let's breakdown the technicals of AUDUSD: Monthly On the monthly timeframe we see a buy pattern break of structure and retest with a new structure forming. Weekly From the break of structure on the weekly, market pushed to a 78.6% retracement and has been forming HH's and HL's since the retest and has formed a rising wedge pattern. The rising wedge pattern is...

growthbank

Looking at those EURCHF buy tonight. Want to see how it plays out in the morning. Entry just reached and rejected.

growthbank

This analysis was done last night but not set up, so we took some retracement entries in it. I wanted to journal about this pair in particular because I used the ghost bar to see if I could accurately predict the markets movements. This entry is a test of that.

growthbank

We have been catching the bank trades lately, but have not confirmed whether it was coincidence or skill. Last night while the analysis was being made, the signal was not sent out to the telegram. When I check back this morning I noticed that the entry had been sniped, so we tried to catch a retracement entry which is what is showed on the chart.

growthbank

GBPUSD has been consistent with the 61.8 retracements. It looks as though GBPUSD is going to start selling towards that resistance point again, so our entry is setup to catch the retracement before the big sell.

growthbank

We got stopped out of GBPJPY today. This took place because we underestimated the strength of key levels from the last market structure of price. We also missed an entry in the liquidity zone which was easily identifiable because of the previous support zone. Lesson: Use key levels every trade and always shoot for entries in liquidity zones.

growthbank

We missed this trade by about 9 pips. What we should have done was identify the key levels from previous structure and set our entry and stop loss by those points. Reminder to always get more detailed values by using key levels.

growthbank

We are riding this bullish trend to the first take profit. We wanted to identify key levels where market may retrace or find some consolidation. This trade is a test of our hypothesis. Expectation: Market will retrace to the 61.8 and continue on to the trend not going lower than the lowest key level.

growthbank

Caught this trade right in the liquidity zone. We believe that every pair has a bank trade, and we believe we caught it. This is the lowest point before a buy or the highest point before the sell.

growthbank

I was too eager to get into this trade. One thing about GBPJPY is that the market follow's its technicals. I knew on the higher timeframes that we were on a major support zone so I should have assumed that the entry would be in the liquidity zone under the support zone.

growthbank

I am not trading AUDUSD anymore! This was a classic buy set up for me. I'm looking at it on the daily timeframe, and I see that it was bearish then had a bit of a breakout, and like I do with this pattern on any other pair, I was expecting it to retest the retracement zone and then going into a bullish movement. However the complete opposite happened. I do not...

growthbank

This was honestly just a bad counter trend idea, because all of the confluences are pointing towards a continuation of the buy trend. On the higher timeframes we were in a major bullish movement. On the lower timeframes we were in the process of breaking out of a retracement zone and preparing for a bullish breakout. I made the classic traders mistake of seeing...

growthbank

This trade was really a perfect buy idea, however this particular first entry, I had set by mistake. I was trying to set a buy limit and instead did a market execution. More details about why I set my buy limit on the next trade.

growthbank

This was honestly just a bad counter trend idea, because all of the confluences are pointing towards a continuation of the buy trend. On the higher timeframes we were in a major bullish movement. On the lower timeframes we were in the process of breaking out of a retracement zone and preparing for a bullish breakout. I made the classic traders mistake of seeing...

growthbank

Overall EURJPY has been in a major buy zone. However it has found a lack of momentum near this monthly zone, and it is looking like on the higher time frames it is in the process of consolidation, meaning it is a good time to take some healthy counter trend trades. On the lower timeframes we used our fibonanaci and noticed that we had some good entry opportunities...

growthbank

Feeling very confident about this trade. At first I was a little bit confused about the trend because we were getting various confirmations that the market could do anything around the current price. However recently I have fallen in love with break of structure around trend zones and their retracements. And according to USDCAD we have broken structure a few times...