Michael_Aldan

Michael_Aldan

higher high and lows are formed equally...map them out!

Michael_Aldan

look for the up (or down candle) that takes previous liquidity. Price thereafter needs to leave a FVG and break structure to become a valid SnD Zone. this does not mean the highest point will be taken, liq. determines where the valid zones are

Michael_Aldan

i wont post this again....i know...lots of lines and stuff... see if you can spot the continuity.... can we just move away from using phrases like Fractal Patterns and repetition... and focus on iterations and non linear dynamics?

Michael_Aldan

possible 2u-2D reversal (or continuation of trend) FTC is green and there is a possibility for the H1 to retrace (reverse) and continue

Michael_Aldan

Ucad retracing...trade was triggered at BE (including spreads and costs) So....since Ucad hit the lower boundary of the Broadening Formation (BF) and seems to be hitting the weekly OB (order block) I will start looking for longs.. I would like to see H/D/W all in the green

Michael_Aldan

USDCAD keeps on dropping, and apart from some retracements it hasnt shown any potential yet.. It did have me thinking though...almost enticing me to take longs..which of course I could have done but I'm trying to stick to my TFC...which showed pressure to the downside. As with Trade8, I waited for full TFC, I also waited for the Daily to be broke and then...

Michael_Aldan

Trade 8 turns out to be a nice one...but I had to wait for entry as it was hovering around the TFC and switching timeframes from red to green and back.. The stripy green line at the top is the previous day high (PDH) and the RED stripy line at the bottom was the PDL (low) The stripy purple line just below that was the previous week low (PWL) Since (in the...

Michael_Aldan

So far so good...after the big outside candle (3) another 2 candle broke and closed to the upside.. Sure...i could have taken the trade way down when that big red candle hit the yellow line,...but there was news and...you know... by the way...my candles do not conform to the standard green=up red=down green still means up of course...but it means it broke...

Michael_Aldan

(this is a screenshot from the M15) Easier said than done...reversals....when, how?.. Do we retrace? Well...Im taking into account the TFC (time frame continuity), FVG and liquidity runs..and my Strategy ofcourse Is it enough?..., at this stage we can only make a guess, with added probability Luckily our guess is 50/50 ...the unlucky part is where to place...

Michael_Aldan

Swings or liquidity grabs seem to have subsided...and i see some primers for a long setup.. Of course...patience...plenty of setups to come, but for now I will take whatever pip comes my way... happy weekend! (dark theme is a bit better on my eyes..)

Michael_Aldan

not much to say other than...it's friday.. i was about to enter a trade at around 14:00 and luckily noticed the news.. The swings that followed were too much, even for my ex.. Continuity is see-saw at the moment since we are trading close to the Daily open.. I might set a buy/stop limit but that depends on how NY will react to liquidity The weekend is...

Michael_Aldan

Well... trade got stopped...BUT!! (like a true fisherman I will explain why..) I admit...I did hope for a short term reversal as I fell into the psychological trap of : " ..surely it can't drop any further.." I should have : 1) Waited for a more definite setup (the price already dropped below the H1 OB) 2) Trusted my time frame continuity which was...

Michael_Aldan

Didnt expect UC to drop this far without correction...but I patiently waited.. Saw an opportunity just now with a 2-2 reversal signal (not really a signal but more like a warning sign) posting this early so we can see how it pans out, and also to make sure I post my trades from the start, such that people wont think im cherry picking.. anyway...lets see...SL is...

Michael_Aldan

A short study in the formations of trendlines, highs and lows, price action and continuity.. (Chapter 1 is generic...future chapters will be specific) I dont know how long this 'study' will be, nor do I know how it will be received.. But, I can't let this strategy just slip past...even though indicator users may hate this, in the end continuity is the most...

Michael_Aldan

took third partial profit at 20 pips, together with the previous trade (4) which ran to 27 pips. Edit : final TP 4 hit at 26 pips Expected is UC to revert to the upside to fill FVGs or continue to take out lower pivot points (duh...) I will have a look tomorrow and see what my Strategy will ....predict

Michael_Aldan

Fifth trade taken after UC took out the daily high and ran liquidity... My expectation was that the price would revert as two major FVG's were down below. (the 'guide lines' you see drawn over the highs and lows on my chart are in no way entry or exit signals, nor are they support/resistance!!) The 3-2 setup hinted towards a reversal of 2u-2d, but the...

Michael_Aldan

Some nice targets hit,...and I do believe a lot of traders would have taken this trade to the long side.. Reason being the higher lows...but liquidity was taken earlier yesterday so a move to the downside was a good probability.. The 'added' greenish rectangles signify the FVG, and even though they might not get hit by a retracement today, they will be filled...

Michael_Aldan

Stopped the H4 trade at 6pips profit, but wanted to wait a bit for a clearer signal... I looked at the H1 and M30 for entries and found a nice 3-1-2 setup on M30 Even though price showed higher lows I did take the short since TFC was red across the board. Partials are shown in green dotted lines SL fade pink is where I started the SL and the dark pink colour...