peti199

peti199

After the massive rally today, I am looking for a pullback trade back to the supply zone on the 1h chart tomorrow. Trade responsively! Cheers, Peter

peti199

Throught the last weeks the s&p 500 and other indexes fell drastically by major percentages. Currently I am playing a correction entry and continuation on the 1h chart.

peti199

We saw a massive rally over the last months, with retracements around 100 handles. This week's price made a 108 handles retracement after 4 failed attempts to form a new high at 4600, then price fell back to the magical 4500 level in 3 days. At 4500 we saw a volume spike at the closing hour. With a higher low. All together it looks like a W formation at the...

peti199

We are looking at a short term uptrend pulling back to the bottom of the june pricerange around the 1930 area. I am expecting a mid term pullback to the downside after the reaction from the 4h orderblock positioned at the 1890-1895 area. based on the 1h volume candles, we can see that the uptrend is loosing it's strength after each wave pushing deeper into the...

peti199

Pure price action and volume analysis, no indicators, no bs. On Monday we saw a bullish trend formation with selloff in the pm session. we are looking forward to an overall bearish continuation with an impulsive pullback today into the volume trap areas from yesterday for more selloffs. Feel free to add your comments. Trade with your own risk Cheers!

peti199

Based on the weekly market structure the following statements can be made: - Following the previous 3 week's trend, we are looking at a classic market maker dump&pump scheme. 1) price is dropping on Monday and thuesday. 2) On Wednesday price normally makes a fakeout to the downside, trapping breakout traders 3) Market makers pump prices to the opposite...

peti199

Hi, I prepared 4 high RR positions for today, applying my order block principles and All my knowledge I gathered the last 6 months. I am not a professional, trade at your own risk, do your own research. Order block principles: 1) OB must take liquidity or have the liquidity to take. 2) OB breaks something significant 3) OB is relevant to current price action 4)...

peti199

1) Analyse the market yourself before jumping into a trade a) Mark up structural levels with volume candles, b) Mark up order blocks that led to breaking structure c) Watch your risk management! never risk more than 1% of your capital! (0.5 for prop firms) 2) Always trade on candle confirmations during high volume sessions!! (NY open, London open) 3) Actively...

peti199

Early bird buying opportunity for gold after high impact news events Price was quickly recovering from demand as seen from the last few weeks. 1) price is at daily lows 2) price took out a low and bounced during the spread hours 3) target is the next order block at a structural level. 4) stop loss is at the current monthly low Happy trading! Peter

peti199

Order block mitigation ideas for next week on eur/usd Always look for confirmations, watch out for manipulation Order block principles: 1) OB must take liquidity or have liquidity to take below 2) OB breaks something significant 3) OB is relevant to current price action 4) OB caused imbalance (made a fair value gap) 5) OB has a liquidity pool to target Happy...

peti199

On the left we have a partially mitigated strong order block, after Asian consolidation, looking forward to a short term long position with 1:8 RR Order block principles: 1) OB must take liquidity or have liquidity to take below 2) OB breaks something significant 3) OB is relevant to current price action 4) OB caused imbalance (made a fair value gap) 5) OB has a...

peti199

order block strategy explained on eur usd pair 1) we are in an uptrend on the 4h timeframe 2) Order block on the left caused massive imbalance, collecting liquidity from the trend on the left hand side 3) Change of character happened on the 5min timeframe Everything else is explained on the chart Cheers

peti199

Trading idea for gold Depending on buyer pressure, one of the two order blocks will likely to be mitigated this week. Order block principles: 1) OB must take liquidity or have liquidity to take below 2) OB breaks something significant 3) OB is relevant to current price action 4) OB caused imbalance (made a fair value gap) 5) OB has a liquidity pool to...