meister_keith

meister_keith Updated 

The past two weeks closed as bullish pin bars each rejecting 136.000 and pushing up. This week price opened and pushed up to 137.700ish which was a 4 hour supply zone then rejected and dropped down to 136.480. My idea: Since price is channeling up, 136.500 might be a good level to propel this weeks candle up. And if we push up, we have multiple levels to break...

meister_keith Updated 

Price broke out of it's previous major resistance @ 1.27500 and pushed up to 1.27800 then rejected and dropped back down to the same resistance that it broke out from. My idea is: Entry on the re-test level for a 1:2 setup since i'm already holding 2 other positions on GJ. This will be my trade for the day if it works in my favor.

meister_keith Updated 

The previous hours pushed down to the liquidity pool around 136.200 then rejected for +70 pips. Price dropped down +40 pips to push into the M30 zone @ 136.440 which was rejected by M15 and M30 giving me a verification to take a buy. My idea is hold the trade to 137.000 first then if it breaks out hold the trade to 138.000. I will also set all my trades to break...

meister_keith Updated 

Based on a weekly structure, price is attempting to form a liquidity wick to push this weeks candle up. My idea is: I looked through different time-frames to see where price could potentially stop and reverse back up, 136.200 was a common level on M15, M30, H1 and H4. So now that i had a bottom, i needed to find a top and the weekly Resistance level @ 138.200 was...

meister_keith Updated 

Price pushed up to the H4 resistance around 137.000 then rejected this level. A new H4 candle opened and pushed up for liquidity, tapped 136.980 then dropped down to 136.670 which was a 30 minute support. H1 rejected the support @ 136.670 and is currently forming a liquidity wick to push further down based on the H4 levels. My next target is 136.470 which is a H4...

meister_keith Updated 

Price pushed up to re-test 1.27200 then held resistance. I finally got a clean confirmation that price was dropping when i saw two bearish H4s and a breakout from 1.26800. I waited for a re-test for the broken support and took my sells once the re-test was confirmed by a flip in direction ( from bullish to bearish on the lower time frames ) . The next Logical...

meister_keith Updated 

I closed my previous trade because my entry was shit, if i'm stopped out on this trade then i'm done for the week. I don't want to force any trades until I get something that matches my setups. Same description as the previous linked post applies: " The idea is: Price dropped down to support at 136.400 but never broke below it so there Might be a potential for...

meister_keith Updated 

I took a buy before a confirmation of a H4 close on my previous entry and that was a violation of my trading rules so I made sure to wait for a confirmed H4 close before I could take a re-entry on the same setup as I had originally planned. The idea is: Price dropped down to support at 136.400 but never broke below it so there Might be a potential for an...

meister_keith

Since the daily support @ 137.500 that was broken last week wasn't re-tested, i'm anticipating that price might push up towards this level. My entry was based on a previous resistance level that was broken and now is a support level @ 136.800 because price had dropped 40+ pips leaving behind a small liquidity pool. I'm not saying that the bulls are taking control...

meister_keith Updated 

Last week pushed up without any liquidity wick to the bottom, based on my experience price only acts like this when it's pushing to a re-test level. I'm anticipating that prices will push down now that price has hit 1.34300 but I don't know how far it might push down. From a monthly perspective price is still heading up. On the weekly price seems to be re-testing...

meister_keith

I had no intentions on taking any trades today but I saw a simple and clean breakout so I took a sell. My idea was: 1.Price rejected Resistance @ 1.27500 which was a major Monthly level. 2.Price broke out of the support level that it's been bouncing from for a couple of days. 3.Price pushed back in to the support for a re-test. 4.Viewing this from a weekly...

meister_keith Updated 

I got in on sells earlier during the day at 138.000 but got stopped out so i waited for price to go back to 138.200 and a confirmation on H4 if price could break this level or not, it didn't. I waited for an extra hour but price still didn't break resistance so it became clear to me that price had reached a peak in it's bullish momentum and the bears were taking...

meister_keith Updated 

Since H4 wasn't giving me a clear enough signal for where price could be heading to, H2 was the next best Higher time frame candle. I noticed that price had broken out of 137.650 without any re-test of the broken level so I took sells once price hit this level. Also made sense that price rejected H4 demand zone @ 137.170 to push to the next best supply zone @...

meister_keith Updated 

Price broke below 137.500 on H4 then dropped down to a mini demand zone on H4 @ 137.170. Now price has pushed back up into the newly formed Resistance, price held this level for 5 days as a support level and a H4 broke out confirming that the market isn't ready to buy the pound. I let my previous sells run and set my SL to 40 pips above B.E, I also decided to cap...

meister_keith

I took a sell because H4 closed below 138.000 and price was bouncing within the range of 138.200 and 137.500 so it made sense to take a sell once price had rejected resistance then broke below 138.000 which was a major traffic zone but it looks like I got in too early and price wasn't ready to go back down yet and price tapped 137.800 which was a H4 support. As of...

meister_keith

Price pushed up during the week but the momentum doesn't seem to be enough to turn things around. Price broke below 137.300 and i've taken a retest trade around this level. I'm looking to see price push down to the next H4 support level where i will exit the trade. GBP is also under a lot of bearish pressure so i'm anticipating that price might push further down...

meister_keith

My weekly buy entry was stopped out because i got in way too early before the market dropped into the H4 re-test zone, as i stated earlier, i knew there was a possibility that i could get stopped out but a setup is a setup and my rules say to follow it as long as every condition is verified. Now that price has popped into the H4 demand zone, i'm anticipating a...

meister_keith Updated 

I waited for price to drop down into the weekly retest level before taking a buy. My idea is, since price always fills a level that it breaks out from, i'm looking to bank on the same pattern repeating it's self. I might get stopped out since it's NFP week and things tend to get crazy at times. If this happens, i've set another pending buy limit order around my H4...