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Forexmarket

Trading ForexThe Forex Market is very consistent. It repeats itself day in and day out. It is an objective force of nature and follows rules. Therefore if you leverage the rules inside of an objective strategy you are able to extract as many pips out of every Macro move that the asset you are trading makes. Today we understand that EURUSD is Bullish. Therefore the algorithm will take out Sell Side Liquidity 1st typically to the 3rd or 4th Second Deviation. There is a FVG that may anchor the sell. 5am EST is PTT aka Profit Taking Time when the market typically consolidates and sets up the 7-10am Sniper Window. Never Over Leverage. Always remember your Narrative is your trade if you don't have one you don't have a trade. Trust your set up. Have a Great Trading Day!
Short
by Master-Jedi-Trader
GBPUSD SELL TRADE ( MARCH 28 2024) -Pending order mt4DAILY TF was forming distribution (although not yet complete) , but I can see the orderflow because of the market structure. I go to 4h --3h--2h--1h TF and noticed some short intra day trade that became swing trade as it moves) You can see in the chart that there was a supply (DBD formation) -march 22 friday. --> It was then validated by the market structure march 26 2024 (HH then CHOCH). I set pending order march 28 in my mt4 (morning), aiming for 1:8 RR. The trade was activated last thursday -evening and ran until weekend (of course there was a charge in my broker running trade on weekends hehe. ) TP HIT DURING N.Y and London overlap. Bearish movement. (A simple wyckoff distribution)
Short
by glyrad
1