Fvg
Weekend Ripple setup SellTook this trade with a pending order off of the 4H TF. Based this on the 4H-FVG (bearish) mid way point at 0.50765. This was a rejection and continuation to a 4H+FVG (bullish). I took partials at target 3 which is the high of the 4H+FVG and was stopped out just above the daily open on the remainder. All targets reached on the trade.
USDCAD Analysis for the week of Oct. 16In this presentation I highlight my analysis for USDCAD. Currently price is reacting pretty strongly off a long term Weekly Bearish Order Block. Which in my opinion could be the perfect storm for a price reversal. Price has already reacted from a longterm Weekly -FVG, and has since traded back through it seeking higher liquidity. Please check the video out for more detail of how I plan to handle this current market condition. Bless.
GBPUSD dip to gap fill then bounceOANDA:GBPUSD will dip back down to fill in some PA and Volume gaps.
With an anchored VWAP from September 13 NY session open with a big dump starting a long downtrend, PA is ranging between the standard deviations of the long term VWAP.
Above the current VWAP, it opened the week with a large gap up from last week's close, which it will go fill on its way back to the VWAP and on down to fill a volume gap seen in a (up/down) volume profile over the same period.
After running through the volume gap in a downtrend continuation, shorts reacted sharply twice with price returned to that zone.
After it broke up through the gap zone quickly, it returned once and longs sharply pulled it up.
I speculate a move back down to the VWAP-1stddev support and the volume gap before Sterling finally begins recovering from his bender before the morning after.
(Note: I do smell a little hopium odor from the shorters next door.)
Probability for 17/10/22 shortFirst tink what comes to my mind is GAP which need to be filled, then Imbalance which is also not been reached. I think those two places has to be reached this week. If it happen then I'll be looking to bullish move. But this is just prediction.
You are more then welcome to add your thoughts.
Thank you.
Weekly ScenarioNext week possible scenario, expecting bad economic outlook, going for new low!
The first days if we start doing down, could have possible rejection in FVG, so it is possible to make bullish trades.
If you take a good bullish position and the data is good, you could hold the position.
Remember to take profits when necessary and cut losses when necessary.
Keep the Risk/Reward ratio high!
Zoom In And Learn! GBPSUD Yesterday's Trade AnalysedGBPUSD yesterday's trade was very good and I anticipated it since the day before yesterday..
You can see on the chart the following:
We had a level of "Sellside liquidity" and the price reaching just before London Open.
Price showed strength and confirmation for entry, targeting, first, the Relative Highs, and next, the Swing Buyside Liquidity to which the price reached up and reversed (we closed position a bit after that)..
DXY was confirming the move..
Would be happy to hear from you in comments 😊
Stay Sa£e & &ood Tradin&
Sell NFP Setup 10/7/22 Decent WeekPatient with the news on the jobs numbers. Immediate drop on the news but it was positive. Being that it was, I decided to wait because there was an opportunity that it could have been a liquidity grab below 3720's equal low and a run for the buy side liquidity.
Sold on news break and on times & sales response. Saw the order flow aim at the ask price and the follow through came in afterwards. Once near target 1, watched the buying come in near the low and looked for a new group of orders to come through on the ask and we saw it. Took off the entire trade at target 2 after an attempted partial closure, a mistake but, that for the moment sucks but oh well! The remaining targets are from the HTF, the 4H+FVG, so I made it to the FVG(H).
Second pending order within the 5m-FVG at 3706.12 missed. Looked for a final tap on the low of the FVG(L) and didn't get it after the ask was hit again just below it.
Good week, not a lot of trading, but finished up pretty well. Most of the moves happened after hours this week or just at a time that I wasn't in front of the screen.
NFP data was positive but, this is implication that the Feds don't have to change their behavior and can extend their stance on monetary polices by a continued interest rate increase.
We'll definitely need to focus on the CPI numbers next week when we get that data.
US30 Short REPLAY TRADEIN todays recording i used the replay button to give a slow breakdown as to why I wouldve taken this trade for NY session
-we have our bread and butter trade
1.we are in bearish condition
2. buyside liquidity get purged while
-price is at a preium and hit ote of the range (.705)
3.trades below old high with fast velocity
4.dispacement candle forms FVG.
5.ATTACK on sell side liquidty
SPX 10/5/22 Small LossTried to catch a possible continuation. But so far doesn't look like it's ready. Set a pending order at the top of the small 15m-FVG and went about 100 pips in profits.
Usually once I'm up 100 pips I'm trailing at that point or I'm reducing my initial stop loss. Most of my setups, if they are right, I'm good to go once I'm 100-200 pips in profits and I'll accept a BE or a small loss.
This scenario after taking the drawdown closer to the SL, I added onto the trade. In total, 5.2% loss on this one so nothing one, while only using risk based on 10% of my total account size.
#Longevity
GBPUSD BUY TRADE IN the gbpusd price was in range of london session. On the open of london session we see a push to upside and price again come to the open of london session 1.1195 level taken as a support area aslo we see price has strong two supports to downside fair value gap and 61% fib level golden ratio/
What next?
If price break this trend line and short term high to the upside than we see newyork session bullish for gbpusd but if it failed to break this supply resistance than we see price drop to restest its today asian session low area.