JayForexAcademy

JayForexAcademy

The setup was given on Monday and it played out just fine

JayForexAcademy

Candlesticks are price messengers and tell us a lot about price. A look at the previous 4H candle shows impulse but it was also unable to break structure hence it'll most likely seek a deeper discount before potentially rallying for the void and imbalance above

JayForexAcademy

If price decides to clear those short term highs, it might inject bearish orders which could retrace downwards to mitigate at the bullish OB where I'll be willing to take my chances up to the end of the void and bearish OB above because I already have bullish impulse and BMS

JayForexAcademy

This setup would have worked quite fine but price decided to target last week's lows for liquidity runs. I hadn't anticipated that since I expected those lows to be run during a news event. However, I had warned that the setup had quite a high risk attached to it.

JayForexAcademy

I had marked that particular zone as a potential resell zone two days ago and it activated but there is no presence of market makers. Instead price is consolidating which means that they are accumulating retail traders entries to act as engineered liquidity for their large positions. So when they have enough retail traders positions they'll most likely spike price...

JayForexAcademy Updated 

Since US30 doesn't show any bullish impulse on 15min and other lower timeframes, I think it might trigger buy orders at the 1H order block below the current lows and rally to fill the 4H volume imbalance. The setup offers a 1:2 R:R. USE PROPER RISK MANAGEMENT

JayForexAcademy

This is what I think might happen on Nasdaq but please note that THIS IS QUITE A RISKY TRADE AND MIGHT FAIL TO PLAY OUT.

JayForexAcademy

Gold is supposed to drop a bit further but since it has started a consolidation, it might move upwards to sell at a discounted price which I think might most likely be at the 1H OB which is my potential entry price. The OB is also at 61.8% fib retracement level which counts as an optimal entry. The setup offers a 1:3.5 risk to return. SL and TPs shown on chart....

JayForexAcademy

There is a trick that market makers use and that is to create consolidations in order to induce retail entries. In text book practice, retail traders will always view a resistance or support level that has been tested more than once as a strong area to do entries because they feel it will hold price. As a result they put stop losses above or below the entry and...

JayForexAcademy

Liquidity runs occurs when price gives a false break out below a support or above a resistance and the purpose is usually to take out the stops or liquidity lying around those areas. This liquidity is then used by market makers to open their large positions in the opposite directions. When a false break out occurs below a support, stop losses belonging to retail...

JayForexAcademy

We also had this DXY bullish setup which is playing out well

JayForexAcademy

I see a potential buy on gold that has a 1:4 risk to return. USE PROPER RISK MANAGEMENT

JayForexAcademy

The potential sell on gold missed the entry by about 125 pips. That usually happens and we just have to accept it

JayForexAcademy

Had posted this in the morning and it worked out well. TP1 was hit which is 110 pips. That's more than enough pips for a day. If you want to keep holding make sure you move your stop loss secure your profits. There is a momentum bearish engulfing which indicates potential bearish continuation. I published a post on engulfing candles entries and you can use the...

JayForexAcademy

Published tis potential bearish setup and it just reached my zone, triggered the sell liquidity and started dropping

JayForexAcademy

Potential movement of gold price on 3H. The first take profit gives 1:2 R:R and the second gives 1:3.4. USE PROPER RISK MANAGEMENT

JayForexAcademy

NZDUSD has a breaker block on 15min which might serve as a potential area for the market makers to reenter sell positions. The safest take profit would be at 6382 which would already be a 1:2 R:R though price could go lower depending on price action.

JayForexAcademy

So let's learn something about engulfing candles entries. An engulfing candle is usually a momentum candle and in most cases signifies reversal and at times trend continuation. Now what you do is plot your fib on the engulfing candle from wick to wick and mark the 40-50% retracement area which becomes a potential supply liquidity zone to sell from a bearish...