EURUSD Trade Execution
March 14
London 4 macro set up logic
I stated in my journal this morning I was looking for higher prices. My analysis showed that yesterday Price took sell side and rebalanced FVG on the low side. Coming into Asia Price was in a double discount.
DXY was in a double premium on session and weeks range.
Asia consolidated and lowered to the clean equal lows I suspected that price would clear equal low to set up for a long. At 2 macro when it was shorting I was calm and trusting that price would lower.
I patiently waited for Price to take the clean equal lows and come down to the .618.
At 4 macro Eur broke its levels first, while both DXY and GBP lagged behind.
I was a bit early on my first entry with ICT FVG entry technique with a very small stop loss.
So I went again.
All factors for my model were accounted for and I trusted my analysis. The heat was the consolidation that took place from 4:15 to 5:45.
I suspected that London would make the high and it would rally to the noted buy side imbalance.
It did and I exited a couple pips above.
Very happy considering the week was filled with not following the rules and being emotionally charged. I feel todays proves that I can follow my model rules, be patient and trust my analysis.
Still a long way to go and yet extremely happy with what feels like a great day to build from.
Patience, clean entry, proper stop loss, know target, great cross referencing analysis, and trust after a dismal week.
March 14
London 4 macro set up logic
I stated in my journal this morning I was looking for higher prices. My analysis showed that yesterday Price took sell side and rebalanced FVG on the low side. Coming into Asia Price was in a double discount.
DXY was in a double premium on session and weeks range.
Asia consolidated and lowered to the clean equal lows I suspected that price would clear equal low to set up for a long. At 2 macro when it was shorting I was calm and trusting that price would lower.
I patiently waited for Price to take the clean equal lows and come down to the .618.
At 4 macro Eur broke its levels first, while both DXY and GBP lagged behind.
I was a bit early on my first entry with ICT FVG entry technique with a very small stop loss.
So I went again.
All factors for my model were accounted for and I trusted my analysis. The heat was the consolidation that took place from 4:15 to 5:45.
I suspected that London would make the high and it would rally to the noted buy side imbalance.
It did and I exited a couple pips above.
Very happy considering the week was filled with not following the rules and being emotionally charged. I feel todays proves that I can follow my model rules, be patient and trust my analysis.
Still a long way to go and yet extremely happy with what feels like a great day to build from.
Patience, clean entry, proper stop loss, know target, great cross referencing analysis, and trust after a dismal week.
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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.
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.