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Liquiditypool

Reading the Right Side of the Chart : Accumulation in AUDUSDI am still stuck in this trade (read it here : Yesterday and just today's Sydney session, I saw stop a hunt towards at .68850 - .68750. You could just see the long wick candles. These two "tests" towards that price level creates two equal-ish highs hence I will determine just above it as a valid liquidity pool. My stoploss is in that as well. There is equal-ish lows at 0.68500, so I determined underneath is as a liquidity pool as well. I have marked Tue-Wed high and low (adjusted to the nearest 00s and 50s) so I will see where price would tap into and then I will react accordingly. Monday High have held the bullish intentions so far. It would be cool if price breaks the Tue-Wed high and even close above the Monthly high (yes it will stop me out, that besides the point
Short
by sufiansaid
Reading the Right Side of the Chart : CHFJPY Sept 10thPrice still trading inside last week's range / Friday's range. So far, it has been an "inside day" week as the price didn't even close above Friday's high or low. I have identified several price zones that (based on my personal believe where recent turning points and/or zones that have equal highs or lows have clusters of retail orders) I believe institutional traders (banks, hedge funds, LARGE prop firms) are looking to exploit to get enough liquidity to eventually get their entire, if not some, of the positions they intended to do for the week or month. I have marked Monday's high and low to simplify my process. When/if price close above the Monday high, and preferably higher tapping in the liquidity pool above it, I will wait for a bearish trigger to get into the trade. The arrow I put int the chart is just a rough estimation where one of my several take profit levels would be. Vice versa for the bullish signal. To better understand my concept in navigating the market for intraday moves, please read the post linked below
by sufiansaid
Read the Right Side of the Chart : XAUUSD Sept 10thThis pair has certainly moved to the downside followed by the bank's price manipulation around 1555.225-1555.400 You can read the post about where the current wave originated (the setup that I missed. Yes writing this isn't easy for me : Price closed below last week's and Friday's low. Monday was pretty quiet and low volume trading day as this pair didn't reach the 20-day average daily range, which I believe it will eventually be "paid" the following days which it did during Sydney session today. Price also trading inside the liquidity pool that I have determined but there is also price zones that I have determined below it and I would love it if price reach in that zone. I would be an interested buyer at those prices, but of course, after there is a bullish trigger. Depending how volatile this pair going to be this week, if this pair goes off to the upside with momentum, price entering the liquidity pool at 1520-1535, I will be looking for a bearish signal and would seriously consider it as a continuation of the bearish wave You can read the linked posts below to understand the context of this post and also to understand my concept in navigating the market
OANDA:XAUUSD
by sufiansaid
Monday relationship with Tuesday/Monday - Filtering the NoiseThis is an extension for the following post : This is just an example, using a random entry-based / trend following based indicator ( True Strength Index) to time our entry. I do not necessarily use this indicator), to showcase how the ability to navigate the market via this simple concept potentially limit the market noise and only take any trading signal if the criteria were met (i.e only take bullish signals after price broke Monday's low on Tuesday or Wednesday) For this particular chart, when the line cross the zero-line, that is generally a trading signal. Taking ALL the zero-line cross signal would be very dumb. Using this navigational concept as a filter, you would filter the whipsaws and gives you more chances to be in a high probability trades.
by sufiansaid
Navigating The Market : Simplifed = Friday/Monday relationshipThis is not a trading strategy nor claiming this concept happens 100% of the time, but this is a repetitive pattern and I personally believe it could help you to navigate the market (particularly if you are an intraday trader) more efficiently. I generally would see this in 1-Hour timeframe but for the sake of being able to show you with more examples in one post, I choose D1 timeframe for this post. When price breaks and close above Friday high on a Monday, more often than not, the price would eventually reverse downwards within 18-24 hours. Vice versa for a close below Friday low (on a Monday) Why I believe this phenomenon is real and tangible is because Friday or Monday normally a day where the Banks (NY session) attempt to clear their books. In order to do this, sometimes they need liquidity to offload their position, they would do stop hunts if there is a need to do so. Hence I've conceptualised this Friday/Monday relationship into my way of analyzing the intraday moves especially on a Mondays. By default, any breakout from the Friday high or low, I would consider it as a stop hunt/fake breakout. Of course, there be a week where a breakout from the Friday started a huge trend that lasts weeks, but that is an outlier. I do not care about outliers, as a trader I will try to profit from what is repetitive, and this concept is very repetitive. This is just one of three "day-to-day relationships" that I have conceptualised to make me reading the market a lot easier. The other two are Mon - Tue/Wed relationship,andTue/Wed to Thu/Fri relationships that I have conceptualised. Tell me what you all think,
Education
by sufiansaid
Navigating The Market : Trading Plan GBPCHF 3rd September 2019The price didn't fourth-tapped the buy stops yesterday. Equal(ish) intraday highs first formed on the 23rd August, tapped for the second time on the 27h August and tapped for the third time on the 29th. The root of yesterday move was from Friday's high. It went down and almost tested last week's low but it didn't close inside the liquidity pool to warrant me for a bullish trigger. I am generally bearish on the sterling but as we have seen how the price reacted last week, I welcome any level bounces that I could get into until the trend/price expansion occurs, considering the fact that sell orders and buy orders (liquidity pool!) stacking at the upside and the downside. Last week's average weekly range was missed so I expect it will be tested sometime this week, and I anticipate whichever projection the price would make, that would be also this week's high or low (anchor). In between the current range, there are reported retail buy stops at 1.2000-1.18000. When I see buy stops BELOW the current market price, I do not see an opportunity to trade according to the level's breakout but against it. I tend to see it as a place for the big banks/institutional to trap breakout retail traders and get liquidity so they can buy/sell at a better price. Whether it would "respect" the levels (a kinder word for "trap zones") or not, it doesn't matter to me because the levels I am interested at are the liquidity pools coincided with popular breakout levels. When price enters this zone, then I will wait for setups accordingly Actionable : Look for a bullish signal when price close inside the Sell Stops Liquidity Pool below current market price. OR Look for bearish signal when price close insde the Buy Stop Liquidity pool at 1.2100-1.2300 Actionable :
by sufiansaid
1
Navigating The Market : Trading Plan #AUDNZDThere was liquidity run as anticipated yesterday. Price stayed around in that pool and barely got out to make a meaningful trigger for me to Long AUDNZD. As Tokyo opens, we saw price breaks through above Friday's low suggesting it could be time for price expansion after accumulation. Having said that though, there will be risk events in 7 minutes as of i'm writing now, Retail Numbers for Australia. Fantastic time for the institutions doing some stop hunts. I will be looking for a quick tap downside, another tap into the liquidity pool. 12.30pm (Singapore time) there will be Australia Cash Rate (another best time for tapping in those sell stops down below!), I am expecting they will hold their rate at 1.00% and whatever it is they plan next month have been fully priced in The actionable from this : Long AUDNZD when : Price close above the filter line OR Price makes another move to the downside (close below Monday Low) and wait for another bullish trigger (which would opt me to draw a new Filter line). I love the latter plan better.
Long
by sufiansaid
3
Navigating The Market : Simplified #EURJPY Sept 2nd, 2019The EURJPY had been in a bearish trend. The Yen had been bid due to safe-haven flows thanks to Trump and China trade war. I also believe what is happening in Hong Kong does play it's part as well. Retail sentiment generally bearish on the Yen. The first thing happened after the Sydney open was price managed to break below and closed under last Friday's low (coincided with last week's low as well), followed by a bullish version of a dark cloud cover candlestick pattern (I genuinely forgot what its actually called!). There are plenty of sell stops recorded around the prices between 115.850 to 116.350. I looked at the order books, great % amount of opened buy positions there at 116.650 (the close price of that bullish candle), which I suspect 116.350 price is the averaged stop-loss price (Stoploss is a sell stop for a buy position, vice versa) Sell orders above market price right now, which logically would be the place for everyone to put their sell stops as well as bearish continuation trade. That's too obvious for me and I bet the institutionals would take advantage of that and take the other side of the trade. Look, it could happen (price reverses at 117.00-117.150, but trading is a numbers game, my personal record of statistics suggest it has higher probability that the price would just break that sell stops above market price) My game plan is to scalp a long trade if price taps into the sell stop around 116.350 to 115.580. If price continues to go up (without going down further at 116-115.xx) and respects the sell stop at 117.150-117.00, I will re-adjust my plan as that would be the classic continuation pattern for the underlying bearish trend. I do however anticipating the sell stops at 117.xx to be consumed and the price goes higher towards previous Friday's high. I will look to short if/when that happens. A further move higher right now ((without going down further at 116-115.xx) would be too bad because I want to Long EURJPY short term (because, as I've mentioned above, I am bullish Yen - in other words, bearish EURJPY) but i'm more comfortable if it taps into the liquidity pool.
by sufiansaid
Navigating the EURUSD : Simplified #EURUSDI have adjusted a bit of my view on EURUSD, the estimation of how deep is the liquidity under the last week's low. Yesterday price tapped into it and you could see the aftermath : the doji-like candle just at the time of London close. Then I looked at the pair's weekly and monthly range, the price hasn't reached it yet (the Monthly Low Projection). Considering the daily ranges between Tuesday and yesterday, in spite of the market making continued lower highs lower lows (you can say this week's move can be a poster boy of "selling high" in a downtrend), the daily ranges however had been very small. I am strong believer that each day the price failed to hit the average daily range, it will be paid in the other day. In other words, the market "owes" us that range deficit and that deficit will accumulate. We have had three days of average range deficit. If the institutions decided to "pay" the market what they "owed", you could see a price expansion today even above the daily range and MAYBE, just maybe institutions could tap in deeper to the liquidity pools down below (hitting the weekly and monthly projection, not necessarily exactly to the pip of course) I am a fan to long EURUSD but I would have more conviction if they traded even lower today, tapping all those stacks of sell orders.
by sufiansaid
1
Navigating the Market : Simplified #BRENT #OILMonday high and low (after the NY close) coincided with equal high on Friday and several days (including Friday low) low respectively The liquidity resides above the Monday high (remember I divide the week into specific chunks to be able to objectively determine and qualify a "valid" liquidity pool) and was tapped in yesterday. Interesting enough Tue-Wed high resulted by that institutional tap of the price creates a liquidity pool. If you have a good technical system, you would be able to short this (look at the shots fired) and bank some profits by now (and if you don't plan to scalp, manage your trades now and eliminate risk immediately) /** This is not an entry & exit based trading strategy
OANDA:BCOUSD
by sufiansaid
Navigating the Market : Simplified #USD #CHFFriday low was broken coincided with an equal low few days before (check your own charts), if i was on my trading desk when that happen (price tapping in the green zone I marked) and my personal trading system triggers a Long signal, i would've been in.. well, it fits my criteria to enter a trade.(again, you would argue hindsight analysis.. but AGAIN, you mark these kind of levels in any pair, you would see it happen very often.. not always.. but very often.. and that is enough for me to be able to simply navigate the market without guessing work (which is bad in trading) That little retracement during NY session started with bearish engulfing candle. Reversal traders would have latched onto that with a short trade believing its time to enter a trade into the continuation bearish move started on the previous Friday. Personally I would ignore that bearish engulfing candle because I couldn't see any stacks of retail buy orders (and by right, we would be already in a Long trade anyway) What is interesting however, that little retracement was tested again the next day and formed the Tuesday Low (which for me is a significant price information). If theres equal lows on these day's low, then I qualify it as a valid potential liquidity pool. Everthing else after that is self explanatory (and i'm generally a lazy person.. writing this takes a lot of effort for me) /** This is not an entry & exit based trading strategy
by sufiansaid
ETH/USD: Breakout is coming - Accumulation endedIf you like my work feel free to leave a like and follow not to miss any trade. We successfully fulfilled 12.5R with ETH/USD last night and caught BTC/USD at 10.4k a few days ago. BTC/USD has proven within the last 24 hours that a set of clear highs and higher lows indicates strong willingness to break out and aim for liquidity pools. As POC from yearly-high clearly shows, high-volume positions have been accumulated within our highs-higherlows set. Therefore I‘m targeting for $269 - $288 in the short run and leaving my long from $219 opened.
GEMINI:ETHUSDLong
by CleanTrades
1