Bacon_Bacon_Bacon

Bacon_Bacon_Bacon Updated 

Roughly what Im anticipating for data release... But will react to what happens

Bacon_Bacon_Bacon Updated 

So last week it was buyers being induced for the week (Question I had in last weeks post). Budget bill was also passed (another question I had). So far start of the new month, Monday pushed down, tuesday was timid, Wednesday showing signs of life again! From my technical view price is currently reacting to an old external low on the higher time frame, today we...

Bacon_Bacon_Bacon Updated 

Just notes, in my opinion alot of variations could happen, the biggest being: Inducement before data releases. A midweek reversal that induced sellers. DXY could have a retracement (reacting on HTF -OB)

Bacon_Bacon_Bacon Updated 

Not enough price action has played out just yet & as I've mentioned it's been a long time since I have traded wyckoff so I am rusty! I want to keep track of what may form

Bacon_Bacon_Bacon Updated 

I can read my organized chaos but showing it to others may cause nausea. I won't go in to the deep details because I nor any other retail trader truly cannot predict the market or data releases. at this point: Previous day low has already been swept. price is just ranging. im looking for BSL to be taken. there are relative EQL A big retail double bottom chart...

Bacon_Bacon_Bacon Updated 

So we had the M formation yesterday. Im anticipating that to be the High of the week but what do I know! We swept Prev week low SSL, not convinced we've taken BSL , But...the daily right now is presenting a hammer that Im sure a lot of retail are creaming over & this could be to induce more buying or it could just be a very prominent sweep of the low. So...

Bacon_Bacon_Bacon Updated 

Just a note.. 100% definitely not a trade! Because my stance is to react not predict! Just want to see what happens with BOE rate release

Bacon_Bacon_Bacon Updated 

I had no idea what to name this! Just wanted to note: Daily has filled inefficiencies.. DXY too. Yesterday was creating a clear consolidation zone around the prior week low, had a nice trap move yesterday which Im anticipating to be the high of the week or the M formation.. It doesn't matter I'm not here to predict it's better to react to what happens. Data...

Bacon_Bacon_Bacon Updated 

On the Left DXY fractal swing high off of an imbalance, theory is next anticipating draw on SSL/inefficiencies. Vice versa On the right EURUSD fractal swing low off old low, theory is next anticipating draw on BSL/inefficiencies. What will FOMC & rate decision bring to the market? Has it already been priced in over the last 8 weeks? What will PCE release show next?

Bacon_Bacon_Bacon Updated 

My stance is to react not predict But... we had Asia expansion, London just swept Asia high, likely SSL next, London currently consolidating. Just a possibility that NY sweeps some SSL and forms the continuation. Obviously I nor any retail trader can predict the market so just let the market play out & react.

Bacon_Bacon_Bacon Updated 

Idealy would like to see the hourly candle close higher but... saw a small sweep on the 15m within the inducement zone (absolutely we could drop lower to induce more sellers into the market.. if the larger W formation is correct otherwise this could be a deeper drop to lower prices) Anyway... 15m w formation, got in on the 1m with ICT entry, if it goes lower...

Bacon_Bacon_Bacon Updated 

EURUSD just bounced around after data release yesterday. Today we had BSL sweep. Now we are at the relative EQL SSL, question is sweep or continue dropping? We have high impacting data releases for both today. Reacting after that. marked the -OB with the FVG below it as its around the same area as US midnight opening price so interested to see if price goes...

Bacon_Bacon_Bacon Updated 

Wyckoff schematic redistribution Been a long time since I have traded using wyckoff so I may be abit rusty & this could actually be an accumulation instead. If it plays out then fine. Not on chart: Daily fractal low BSL taken 4h/Daily FVG's played into Draw on SSL

Bacon_Bacon_Bacon Updated 

Usually with high impacting data releases a manipulation to induce buyers/sellers happens. This can be X amount of pips above below retail support/resistance. Mapping liquidity on the chart.. no all key POI's are on this chart just for the sake of having too much on one chart. Still within Macro retail trend. Broke Micro retail trend last week, thursday W...