Assuming this entire move down today was not a trap move..(ready to change my bias depending on what the market shows me next week) but for now I believe we are in a strong downtrend and level 1’s Low has been reached, as more than 3 ADR has been met and that low has been locked in with a double Bottom and market is now consolidating in that range…Will be looking for potential Sell Setups on Monday. Will update if my bias changes...I will also post any setups I'm looking to enter here or maybe i'll create a new post throughout the week.
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We see market made a Railroad Track after shifting 1ADR (50 pips) to create the second leg of the double bottom...this is a sign of a huge pullback or reversal in progress...we might be getting a huge pullback in line with a pump then dump for the news on Monday. which would create a H&S pattern.
We see market made a Railroad Track after shifting 1ADR (50 pips) to create the second leg of the double bottom...this is a sign of a huge pullback or reversal in progress...we might be getting a huge pullback in line with a pump then dump for the news on Monday. which would create a H&S pattern.
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Had to zoom out for scenario 2...that dump could have just been for nfp...I would love to see a confirmed level 2 for sell continuation, now we are just in level 1...but I will trade whatever setup they give me me, as long as I can see a clear pattern at the High or Low of the day, where I can see they are clearly trapping buyers or sellers on a given day, I will trade the opposite of that trap.
Had to zoom out for scenario 2...that dump could have just been for nfp...I would love to see a confirmed level 2 for sell continuation, now we are just in level 1...but I will trade whatever setup they give me me, as long as I can see a clear pattern at the High or Low of the day, where I can see they are clearly trapping buyers or sellers on a given day, I will trade the opposite of that trap.
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As I said I would change my sell bias if the market gives me enough evidence to do so...I was really slow to catch this ...Will be closing the sell positions I have open until I get stronger sell evidence, lets hope it doesn't do a 300 pip gap up lol, these people who control the market can be very wild at times, then blame the gap on some Bs news or war over the weekend haha.
As I said I would change my sell bias if the market gives me enough evidence to do so...I was really slow to catch this ...Will be closing the sell positions I have open until I get stronger sell evidence, lets hope it doesn't do a 300 pip gap up lol, these people who control the market can be very wild at times, then blame the gap on some Bs news or war over the weekend haha.
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"Lowest Sell liquidity Pool that was formed after level 2 was created."
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So the general Idea of the market maker cycle is that after level 3 there will be a reversal...and price will explode through the low of level 2 or there will be a reset and a new 3 level cycle will begin..As we can see price failed to break through level 2 3 times! on 3 different days!, which aligns with the observation I made in scenario 2 that i posted above...I believe Friday was a trap move and its a high probability that it will explode through zone 1..If it does that we will be in a Strong bullish trend( Now the trend is bear).
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Those are 2 of the 3 patterns I look for everyday, they play out everyday! on every currency pair, you just have to train your eyes to see them...Pattern C is basically a triple top or bottom..which is basically a variation of pattern B, but it has two to 3 liquidity runs, I'll post a diagram or if the market gives a perfect example I was post it here.
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thats what i'm looking to see for buy setups on Monday or a sell thats in line with the news at 10a.m...Also to anyone who may be confused about trapped liquidity, trapped liquidity doesn't stay trapped forever, they can stay trapped for a few sessions, few days, few weeks, few months, few years, etc..or until the trader closes or market grabs their Stop orders, in the diagram above, a lot of that sell liquidity most likely has stop orders( their stop loss) at the HOD of Wednesday and Thursday and Friday ( like I do, but I moved it to be in profit already, wont matter if they gap 300 pips haha)
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This is what I want to see if the sells are still valid or market creates level 2 to the downside.
For clarity I have removed Zone 1(which is basically just a major area the market has reacted strongly to before continuing a trend or reversing)
There was a liquidity Pool created at the High of Thursday, I want to see market tap into that pool to grab the stops and induce buyers before going back down.
For clarity I have removed Zone 1(which is basically just a major area the market has reacted strongly to before continuing a trend or reversing)
There was a liquidity Pool created at the High of Thursday, I want to see market tap into that pool to grab the stops and induce buyers before going back down.
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Ok final update before market open, and this is my trading plan for any potential sells when market opens..Any sell setup I take will be below that buy Liquidity Pool, that would complete a Head and Shoulder pattern...Pattern A and B are shown in the post above..Any bullish setup i'll most likely look for on Tuesday. If the daily candle closes above the pivot zone.
Ok final update before market open, and this is my trading plan for any potential sells when market opens..Any sell setup I take will be below that buy Liquidity Pool, that would complete a Head and Shoulder pattern...Pattern A and B are shown in the post above..Any bullish setup i'll most likely look for on Tuesday. If the daily candle closes above the pivot zone.
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I think they have accumulated enough contracts to drop the market, doesn't appear as though they will be going back up to to Thursday's ...Looks like Pattern B Is Setting up...This is what I will be looking for today.
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Also I changed the Colors of the pools, Will be using green for buy liquidity pools and black for sell liquidity pools...just looks cleaner on the chart:)
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Added potential buy's I would take, but at reduced lot size and only if that specific criteria is met.
Added potential buy's I would take, but at reduced lot size and only if that specific criteria is met.
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they gave the 3rd push earlier than anticipated, but now market looks to be bouncing off it to continue the sell, certainly wont be looking for a counter trend buy after a bear pattern reset.
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As you can see the trapped sell Liquidity has been released, so I have deleted that box..We have got a pattern A reset , and market has bursted through the 1ADR line, showing strong bearish momentum …Each day, whatever high or low that is set in Asia session, there is normally a liquidity grab when London session is open to that Initial HOD or initial LOD that was set in Asia..London opens at 3am, but the session change over from Asia to London begins to happen between 12:59 am to 2:59 am.(1am to 3am just for clarity sake)during this time is when you will usually see the liquidity grab to the Asia IHOD/ LOD, when they don’t do this, it shows that they have enough liquidity trapped and they have enough to move the market, and the London session High/ Low will be our target for entries for potential setups(in line with the trend, which is bearish). After this week I will also stop writing so much, I will just do a chart with all the terms and abbreviations I use, so everyone who follows me can just look on if you get lost, I think all this writing makes my charts look crowded lol..Also I can’t predict exactly where the market will go, only possible projections, and if those projections line up with my trade plan and criterias for entry I will take that trade.
As you can see the trapped sell Liquidity has been released, so I have deleted that box..We have got a pattern A reset , and market has bursted through the 1ADR line, showing strong bearish momentum …Each day, whatever high or low that is set in Asia session, there is normally a liquidity grab when London session is open to that Initial HOD or initial LOD that was set in Asia..London opens at 3am, but the session change over from Asia to London begins to happen between 12:59 am to 2:59 am.(1am to 3am just for clarity sake)during this time is when you will usually see the liquidity grab to the Asia IHOD/ LOD, when they don’t do this, it shows that they have enough liquidity trapped and they have enough to move the market, and the London session High/ Low will be our target for entries for potential setups(in line with the trend, which is bearish). After this week I will also stop writing so much, I will just do a chart with all the terms and abbreviations I use, so everyone who follows me can just look on if you get lost, I think all this writing makes my charts look crowded lol..Also I can’t predict exactly where the market will go, only possible projections, and if those projections line up with my trade plan and criterias for entry I will take that trade.
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Tasty buy setup may be building up, we are in Level 2 on the Market Maker Weekly template, but this is a major pivot Zone, we might not get level 3, but instead a Triple Bottom Head and Should with Today being the head and tomorrow making the right shoulder.
Tasty buy setup may be building up, we are in Level 2 on the Market Maker Weekly template, but this is a major pivot Zone, we might not get level 3, but instead a Triple Bottom Head and Should with Today being the head and tomorrow making the right shoulder.
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not looking for any more sells until a potential Trend Reset sign off Todays HOD that was formed in Asia.
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We have had PAttern A completed twice, once in asia then a reset in london, buys are due for new york back to london high at the very least.
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would be a smart move to move to break even now if anyone got in at 2017.39, then hold...1st target 2039.78
2nd target High of December lol
2nd target High of December lol
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Been waiting on market to break Structure at that high but it hasn't, so this is a likely scenario that may play out between today and Wednesday Asia Session...If you check my previous post where I showed the bigger picture of the weekly template, you can see that they have been working that pivot zone very hard, they seem to be trapping sellers really hard..So we may get A level 2 Head and Shoulder, or they may even Go below that pivot zone and close below it to grab the stops before take off...so potential for more sells are there until then...Lets see what they do
Been waiting on market to break Structure at that high but it hasn't, so this is a likely scenario that may play out between today and Wednesday Asia Session...If you check my previous post where I showed the bigger picture of the weekly template, you can see that they have been working that pivot zone very hard, they seem to be trapping sellers really hard..So we may get A level 2 Head and Shoulder, or they may even Go below that pivot zone and close below it to grab the stops before take off...so potential for more sells are there until then...Lets see what they do
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More sells on the way, Lots of rejection to yesterdays New York Session HOD...Closed my previous buy orders at yesterdays low, waiting for them to give me a new buy setup later today.
More sells on the way, Lots of rejection to yesterdays New York Session HOD...Closed my previous buy orders at yesterdays low, waiting for them to give me a new buy setup later today.
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An example of the pattern C
An example of the pattern C
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got to have good exit rules...they gave that false confirmation.
got to have good exit rules...they gave that false confirmation.
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Trade closed manually:
Posting all Long setups in a new Idea post.
What we could see on Monday, potential triple top and then drop, or they may reset the pattern and go higher to 50-60% retracement ...Have a lovely weekend everyone🍻