DXY
March 16 Analysis
Price parent bias is bear
Price is Discount M/W/D
Previous session premium and discount on the daily range
March 15 delivery
Price delivering in a premium, taking buy stops hitting the .618 before turning around passing through the 50 to seek lower prices taking sell stops from the previous session
March 17 delivery
I suspect that Price could come up to the buy side target at the .618 and turn around? Wait for more tomorrow after Sundays dealers range and evaluate before Asia session.
Note Price broke structure and bounced off the .70
My Model Factors
Bias for Asia to London bull
Price will have to do the following for me to trade
*session liquidity taken
*macro time only
*first presented FVG
*4 candle pattern
*hour analysis down to 1 min every 15 minutes
*every hour mark out what price has done
Stay open to build narrative once Asia opens.
Stay open to reading price deliver
March 16 Analysis
Price parent bias is bear
Price is Discount M/W/D
Previous session premium and discount on the daily range
March 15 delivery
Price delivering in a premium, taking buy stops hitting the .618 before turning around passing through the 50 to seek lower prices taking sell stops from the previous session
March 17 delivery
I suspect that Price could come up to the buy side target at the .618 and turn around? Wait for more tomorrow after Sundays dealers range and evaluate before Asia session.
Note Price broke structure and bounced off the .70
My Model Factors
Bias for Asia to London bull
Price will have to do the following for me to trade
*session liquidity taken
*macro time only
*first presented FVG
*4 candle pattern
*hour analysis down to 1 min every 15 minutes
*every hour mark out what price has done
Stay open to build narrative once Asia opens.
Stay open to reading price deliver
Note
Hindsight Journal EntryIts takes a lot of effort, discipline and perseverance to commit ones life to this skill and trade.
What I learned today was that why go through the effort on the weekends to then not review your notes and apply them real time.
Had done that today, in a very choppy market it may have given me the confidence when I saw DXY reach its .618 to activate a trade in EUR the pair Im currently trading.
I celebrate that noticed the high resistance pattern today and stayed clear when a few of my models factors did not come to fruition. Mainly the buy stops in DXY were not taken that reflected the sell stops in EUR not taken-which is part of my model.
Todays trade if taken whey backed with sound logic would have been a gamble or would it?
I also note the copy and paste note above that states " Bias Asia to London bull" while it did do that someone that was a copy and paste.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.