Forensicforex
Count Your days TradingviewHello Traders!
This videos main ideas:
SOP = Sunday Opening Price for the weekly range
Above SOP is Premium
Below SOP is Discount
Bullish week you should anticipate Mon-Wed to be the Low of the week and Thursday to be the High of the week
Bearish week you should anticipate Mon-Wed to be the High of the week and Thursday to be the Low of the week.
MOP = Midnight Opening Price for the Daily Range
Above MOP is Premium
Below MOP is Discount
Bullish week you should be looking to Buy Below MOP
Bearish week you should be looking to Sell Above MOP
Thursday's and Friday's often are the counter trend days to the trending weekly draw.
Missed buying opportunity Hello Traders!
Here I was looking at USOIL,
I was in long but did not like the entry as it was based in a premium and in after filling imbalances in price action.
I closed for a small profit but did was waiting for a re-entry point.
I missed it as you can see by doing everything else but looking at my phone for the entry.
What a bullish day looks like.Hello Traders!
Here are two recent and great a examples of a bullish day.
A bullish day characteristic:
Buys below Midnight Opening Price
London Open: Low of day
New York Open: Retracement and Continuation Pattern
London Close: High of day and Reversal to Daily Trend
Asian Open: Consolidation
Now this is the most basic way to describe a bullish day.
The price action however is a different story.
USOIL Short Trade IdeaHello Traders!
Here I took short in usoil during the Asian Session.
Remember Street Money Starts the Session while Smart Money Ends the Session.
Notice all the buy stops that were ran and all the breakout traders buying at those highs.
They are all trapped in long and smart money reversed priced.
You will see the midgation block price finally ran quick away from that zone specifically.
IPDA Update and Quick Run ThroughHello Traders!
Here I am showing my IPDA layout.
Many of you are not unfamiliar to this idea as I use it every month.
You tell me if you see other traders trading like this. Little to none know this and actually understand the concept behind it.
There are others claiming they know IPDA.
IPDA = Interbank Price Delivery Algorithm
IPDA is way price is delivered to use traders and controls the market flow.
I'll tag some pervious post that show the power of IPDA. Read the caption then press play to see the outcome. Looks like magic lol.
London Close TradeHello Traders!
Here we can see its currently London Close
10am-12pm NY EST
London Close typically has the characteristic of going against the trend the day started off with.
It is also Thursday which tends to be the HIGH of the week when bullish.
With these two ideas blended together you have a high probability setup.