Staceyburke
Thesis Generation for mutitimeframe SB Style Trading explainedIn this video, I guide you through the complete process of generating a trading thesis and selecting pairs for my shortlist. We'll begin with a theoretical explanation and then apply it to today's NAS situation. My analysis incorporates the Stacey Burke trading style alongside a mechanical multi-timeframe bias analysis. A consistent and clear analysis process, repeated daily, is crucial for continuous improvement. I hope you find this helpful!
USDJPY: First green day, DAY 2Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2 ✅
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: primary, potential weekly dump and pump, the market yesterday failed the LOW breakout, triggering long OTF traders and closing as a FGD, which typically is a template for a long setup, if identified. Between today and tomorrow we can see this template completed.
Short: secondary, not really interested in this scenario, however, I do not exclude a retest of the LOW, which it can be a scalping HOD to LOD, but I won't be interested in this trade.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Bears hungry for a BIRD sandwich: Sell NZD?There are three days of longs in the market and little in the way of a shake-out, at least below Tuesday's US session lows of 0.5646. The price action took break-out traders up into the 0.5720 area only to be hit by strong sellers, resulting in a move into Day-2 longs from the Asian and the European session and in doing so, causing a vacuum of bids that resulted in a break of the trend line.
This may encourage further selling below the US session highs for the day ahead and risks a sell-off, potentially back towards the lows of the week and into Day-1 longs. The bearish flag that is already looking pretty mature and the prospects of a head and shoulders topping pattern only go to reinforce the bearish thesis for the day ahead.