Get started

Fibershort

$EURUSD - Judas swing to Bearish during London Session *SMT**SMT* - Smart Money Technique - This Means we don't base our technical analysis off trendlines, channels, harmonics, double tops double bottoms, or anything retail has ever taught you. We go off where the liquidity is likely to be setting so that smart money would be going after it to trigger the buy/sell limits and take them out with short stop-losses or chasing the trade. We think of daily bias first and use different methods such as the Asian range order blocks, breakers, etc. There's a lot of smart money vocabulary and if you're not familiar with it or the way it's presented, you may not understand this idea fully. In the short term, the Discount price from the previous ran (61.8%) as a short is exactly where I put my entry, I believe it may get a little higher but I think it's going for Thursday as the low of the week (or high of the week) but Wednesday still has some Sell-side Liquidity it is drawing toward. It did hit the daily bearish order block wick during the trading session today but that could just mean it's going in a little deeper before turning bullish and I still think it has a ways to go in the bearish sentiment before turning bullish. I could be complertely wrong and that it could turn bullish as we've hit the daily bullish order block already (but only the wick). But I have a feeling we'll be diving deeper before this pair turns bullish as it seeks liquidity. We'll just have to wait and see. :) Good Luck and Good trading OANDA:EURUSD
Short
by BodiesXWix
2
$EURUSD 4:1 R:R On A Short Starting in London If I left my Technical analysis on the bord you all would not even be able to see the chart. Even though I'm Bullish on the Dollar overall, I'm going to be bullish on it with 'existing home sales' on the calendar tomorrow. And with Black Rock buying up homes 20-50% above market price, I think we my see the bulls come the dollars way. Plus there's daily Imbalance in the Dollr that I think it's trying to reach. Then we have EUR consumer confidence tomorrow as well. SoI drew my price very specifically by what is already on the board and having 3 target price. after that we have Powell Testifying and who knows what kind of volatility that will bring if any at all so I wnt to be out of the market by 1:00 p.m. and I personally think this is what the chart will do. I'll Post tomorrow to see if My Smart Money Analysis was dead wrong or close to being correct.I think we're headed for target 3 though which will simultaneous hit the DXY Daily Void at 1.8406 - ish, after that I think we're bullish for thee week on EurUsd,, Just not tomorrow. if and only if the DXY is showing a willingness to go after that daily void. See Chart (The Timing isn't correct since it's on the Daily but I needed to include the Daily void for reference but you get the picture. I'm setting my sell limits now and going to bed, hopefully to some good news. Let's see what happens. Good Luck And Good Trading :) OANDA:EURUSD
Short
by BodiesXWix
EURUSD- Still wants 1.2020 I believe- Looking for shortsToo busy trading to write the full analysis at the moment. But I'm looking for shorts to open the week on EURUSD for a few reasons. I'm looking for an imbalance from winter to get filled We have equal lows piling up just above it. Price is beginning to converge on itself which means the banks are building a position. We have a potential liquidity spike that went high, just to grab some orders, only to get reversed on quickly. The DXY looks bullish. 1.2020 has been my target since 1.2320 was hit. I think this level is a great target.
Short
by elevatedinvestor
2
$EURUSD - 4HR Order Block Sell 2:1 RR (SMT)You have two solid bullish candles from yesterday that did not crack a previous high. The high came after a rejection bearish candle. The two solid bullish candles were over shadowed by two waining bearish candles and one engulfing candle taking us down to the low of the week.. so far. Generally in a weekly structure that looks like this, the actual weekly low comes on a Thursday. With the price gaining ground to entering these two solid 4 hour bulish candles (also bearish order blocks because the price is now below them), the DXY has continuously been gaining bullish momentum, and even though the EUR is the strongest of the currencies, that still doesn't negate the fact that there are very bearish tendencies in this setup. With time nearing in on the EUR open, I wouldn't be surprised to see a quick jump up to start the process as it did last night. I have 1.21000 marked as a safe spot to enter as that is near the low of the order block, However I am expecting it to get at least to the yesterdays Asian Range Low 1.21072 and the 1 hour bearish order block 1.21096. So not much of a window, but that's where I will unleash most of my lots when it reaches that level. While also having varying stop losses to mitigate risk with the highest being just around 1.21325 which is the top of the bearish 4 hour order blocks and 1.21250 which is just above the 1 hour order block. \* See Chart */ I find making multiple variances on entries and Stop Losses help in tremendous ways when mitigating risk, in case the whole trade goes against you, you've relieved some of your lots at an earlier phase but even if it does break that first stop loss threshold and there seems to be a momentum change, you can easily add another position, and gain it back plus some. That's just my strategy on how I play the game. But I could be completely wrong. I mean, what do I know. I'm just some guy that tries to follow smart money theory and apply it to charts and hope that it works. I could be COMPLETELY WRONG. So with that being said Good Luck and Good Trading :) p.s. Trend Lines and Channels are just a by-product price levels combined with time x price theory. They're not real and they you shouldn't rely on them as trading signals.
Short
by BodiesXWix
1
$EURUSD-Banking on a False Breakout? - Working with Levels (SMT)Yes, I know my chart looks Sloppy, but when you analyze the 5min chart for price action, it's going to look that way. Now... First Piece to this puzzle DXY RSI divergence with Price Action. Looks like we should see a bullish Dollar after breaking a new low. And I wouldn't trade this Until we have confirmation that it does break a new low and/or comfortable with the fact that we can confirm a bullish dollar. Otherwise this trade will be a waste of money and time. Second, there are baked in unseen natural support and resistance prices that take place at the 0 ,2 ,5 ,8 levels. We say this last time when EURUSD dropped good ways from when it hit 1.18800 a few weeks ago. So therefore I have a few levels in place anticipating such action. 1.195, 1.198 nd 1.2, Where the previous high was reached. If I get a 30 pip drop from any of these levels, I think it would be wise to pay yourself and move stop loss accordingly after doing another evaluation to mitigate losses. Check to see if the low has been broken and where this falls in comparison to the baked in Support/Resistance levels. I would personally trade the false breakout at that point depending on If when it happens. Third, Yes, we did break a high, yes the 4 HR and Daily are possibly going to have a closed candle above the "Resistance." Does that guarantee a breakout? Usually.. never. It takes time to build out from the Market Maker Buy/Sell Model and I believe we're at the top or nearing the top of a sell. However, I'm not sure it would be in my best interest to trade this on a Friday. Or Monday for that Matter. However, if you're a swing trader, you can definitely use this as a False Breakout set-up. Multiple levels on the left where price action has occurred previously that may result in a reversal so these are key levels at which I like to analyze when reach and see if there is a need to take profit or not. We shall see as price moves along throughout the day, I'll be watching the DXY and the EU to see if I would pull the trigger. I could be completely wrong about this, but what do I know. I'm just some guy who likes to post his ideas. Good Luck and Good Trading.
Short
by BodiesXWix
1
$EURUSD - Practicing Daily Bias - Short for now on 11.19I'm practicing the reasoning I would have to trade a specific direction for a daily Bias. Today, November 19, would be a sell bias. We've reached another resistance area that could not be broken and have a few daily lows that can easily break. Not only that, there have been some false breakouts aka "Turtle Soups" that have resulted in a short drop followed by a shallow retracement into an optimal trade entry. Seeing two of these in the same area within about a week's time frame would leave me to believe we would be selling off to break at least a few of those lows. I have it stopping around an Order Block to see what the reaction might be at that point. Keep in mind the are still equal highs above which it will want to break, it's all about the time as to when that will happen. Anyway, this is more of a journal entry than anything. But I am short, I just didn't get the entry I wanted but I'm confident it will move in the direction intended on this chart. We can only wait and see. FX:EURUSD
by BodiesXWix
Next $EURUSD Sell in this Swing Trade - 1.18198As price rapidly drop at the end of the day I could easily spot the next movement price action would return to before going lower. Trade against it to the point if you wish or trade with it and add another position if you're still in my long swing trade with me. Entry will likely be around 1.18198 (allow room for broker) and it will trade back to the low it just created giving another 25-30 pip scalp or just keep holding until we reach TP3 (Which i just below the current low formed) Or until we reach the final take profit of the swing trade near 1.16800-1.16600. I'll probably leave a trailer on just to see if it can get lower since I've been holding my original trade at 1.8400 and 1.18550. And just adding icing's on top of the cake as we go. I don't expect this to hit in the Asian session, but more likely the London Session. Today's trade took two full days to form as I called the same trade that happened yesterday morning but it never developed until today. So who knows, it may slowly retrace all day tomorrow. But as far as my price action skills are concerned, another sell underway at 1.18198. FX:EURUSD
Short
by BodiesXWix
My two $EURUSD Sell Limits Same as I had earlier this morning. The Asian session solidified my thoughts. Having two positions just in case it retraces deeper than first thought. See related chart for this mornings idea on the pair. Also sometimes you need to break down to the 5 MIN and 1 MIN chart for specific price action movements for these determinations but still using the daily chart as my overall directional bias. I place the fib on the bodies of the candles in the 5 min chart, wicks can differ wildly depending on broker. This gives you the best accurate reading of the chart from a fib standpoint if you want to enter at 62% or 71.5%.
Short
by BodiesXWix
$EURUSD - Massive Swing Sell UnderwayAs soon as price entered around the Bearish Order Block of 1.18400 I expected a rejection and on the 5 min you can see one. (Order Block Formed) (Rejection) Tell-Tale sign we're in for a big drop that could take days/weeks. If it start's to push in higher, I would honestly expect that too as I've been taught that the orderblock is most likely to get priced halfway through but can get to the other side with a little extra room. So it could still buy 20 pips before I really expect a selloff. Maybe 50 pips. But Less than 10 min into posting this and it's already been the best entry you could ask for on a sell if it sustains. But the main thing was the rejection upon entering the block. And we saw that. Now it's just a waiting game. Commitment of Traders still has the pair net short so I'm still expecting quite the sell off. Selling and preparing to hold for the long haul. Long term I think it could get as low as 1.14000 due to CoT Expectations. But previous years, the CoT may suggest a shorter drop with the crossing of Net Longs to Net Shorts and Price Action. I expect to ride this down to 1.16800-1.16500 and we'll see what happens from there.
Short
by BodiesXWix
2
EURUSD - Consolidation/Bearish Environment. Hello and welcome back. If you found this idea helpful, please leave a like. EURUSD is in an area where we could go into consolidation. It was unable to go higher last week. From a directional standpoint, if I were to choose a side, I see lower prices targeting the lows at 1.1685 and if we run hard, 1.1615. It is very hard for me to gauge anything due to the current environment we are in right now with the U.S election and so forth. Overall, if I were to choose a side, I see this going lower. We've got news on Friday and on Monday for Euro which may cause something.
Short
by TheMystiqueTrader
2
EURUSD - Higher Prices for Next Week Hello and welcome back. If you found this idea helpful, please leave a like. Even in uncertain conditions and with the election around the corner, EURUSD produced higher prices like clockwork. I am expecting the same thing going into next week. We can retrace back into the pink box, but I would rather not see that. I am expecting EURUSD to move into 1.1850 and then take out the highs at 1.1870. Perhaps expand into the 1.1900 big-figure. That is what I am seeing at this time.
Long
by TheMystiqueTrader
1
$EURUSD - Selling Breaker for Pullback - Hold over the weekend? As I have EURUSD pretty mapped out if you've been following my ideas, I'm, just giving an update. I sold the breaker at 1.18260 as a breaker is usually an indicator to sell.My stop loss is only 4 pips because it got pretty high above the breaker before I sold. And we need a pull back before moving forward to the next bearish order block which will be the next big fall and/or seasonal downtrend. I'll buy again at the next bullish order block which I believe I have located on the chart. I'm just questioning if I should hold over the weekend. A lot of uncertainty. I may just close 99% of the trade and leave a .01 Lot Size running to see what happens. I'll probably know make up my mind 10 minutes before the market closes. EDIT after 5 minutes of thinking. I'll probably hold. I've been calling EURUSD correctly for at least the last 2 weeks. I don't think I'll be wrong on this one. Not to toot my own horn or anything, but I'm just really understanding this pair more than others.
Short
by BodiesXWix
3