King W. Harbmayg's Journal Entry #1 Interday Review: The direction came after a short which failed to break the previous low. It is also in alignment with my weekly buyside bias. Morning star is currently printing, which I ideally I should wait for the closing of the candle, and I decided to get in a bit early before the 5pm EST market close. I took it...
I recognized that price was set for lower demand levels and after waiting for the liquidation event, I got in with much smaller size than previous as I have already achieved today’s fulfillment.
Note the green circle encompassing the Evening Star Pattern. Now place attention to where it has been printed: the vertical blue line which represents the first month of the year. This simple price action pattern combined with the foundational understanding of the fractal market causes me to speculate the possible ascension to the next major price level. Remark...
This is a pyramid trade from my established 1H long position. I will manage my trade accordingly.
I have identified my morning star pattern upon previous demand. This is an interday trade and as such I expect to have to monitor the position for a day to a few days for it to achieve its maturity.
Welcome, fellow speculators. Here I have EURUSD which I have assessed as being bullish due to evidence of the market structure forming higher highs and higher lows via my 15M-4H timeframes. I want to see price give a pullback to my deepest order block which I have refined with my Fibonacci retracement tool. I have set an alert above my speculated entry level so I...
Here we see that EURUSD has made a drastic drop of approximately 125 pips; however, all it has really done is enter into a HTF demand zone and also my bias remains bullish overall. Movement that strong is never wise to counter with just sentiment alone and so I will be gathering technical evidences in support of the return back up, and if no such evidences present...
As I had anticipated, price respected my 4H demand zone. I made sure to practice patience in order to find out which means I missed out on precious opportunities. However; my aim is to be a disciplined trader and not someone who chases after price. So with the established demand holding, I want to see if price is willing to go higher and mitigate positions/stop...