If this #GBPUSD plays out to my TP there could be a potential short at the buy/sell supply zone above on the M15. I'll then be going down to the M1 chart to look for my entry model to play out. I'll only be taking 75% profit at TP just in case the market moves further to the upside.
We have an unmitigated demand zone where the blue arrow is which caused the most recent BOS. Im going to wait till we get a pullback and move down to the M5 to see if my entry model plays out. If the market moves further to the upside I may try and play the pullback if I get clear PA
The daily has been in a range for the last 9 days but there has been some amazing trading opportunities. However, the H1 is currently doing battle between a supply and demand level and feel the outcome of this will determine where the market moves next. Im not fully bullish on this move until we break that strong swing high. My stops are at breakeven. Here...
This short is pretty aggressive as I'm going short at discount prices. As you can see during the asain session supply has been holding so I simply took the unmitigated supply zone as we are in this pullback phase. We have 2 areas of demand below where the market could push up from.
The video describes everything you need to pay attention to. The most important lesson from this. 1. If you have an unmitigated supply/demand zone above or below your entry be very wary as the reaction could lead to your stop being hit. 2. Be more patient, wait for those zones to be mitigated first then wait for PA to develop. I was a bit too impatient with...
In this video i take you through my previous winning short on EU you can see that video here. Im now long on EU from a daily area of demand with a nested H1 demand zone. It looks like it could potentially take me out as it could go deeper into the zone. So lets see
We are currently in a bearish pullback on the daily and the counter-trend trade on the H1 just hit my TP. Im now in a short trade aiming for daily demand as my TP. Let me know your thoughts in the comments.
#1 The supply zone high that led to the BOS. #2 Possible area for a liquidity sweep. #3 We are now in the premium of the range. #4 Targeting 5:1 My previous trade on the M15 did not playout you can see why here - If we break this strong swing high then my bearish stance will shift. It won't shift if I only see a liquidity grab on the break of the supply.
#1 This is the zone that caused the M15-BOS #2 Possible are for a liquidity sweep. #3 H1 supply just above the M15-Strong high - if the M15 strong high gets broken then the H1-supply becomes a better POI. If the M15 Supply zone breaks I also have a limit short ready at the H1 supply zone above.
1. H1-SZ has been mitigated, the zone was too large and way out of my risk parameters to take. So I'm looking for an entry on the M5 if the pullback is strong enough. Looks like there is a lot of moment so it may not get filled. 2. We are now into the premium of the range on the H1 so this would be an ideal place for shorts 3. Always targeting the weak low...
Ok, so I'm squeezing every last drop out of this move. As you can see I'm still in my previous trade you can see it here. With this current M15 Short: 1. Break and close below M15-BOS 2. Limit short at M15-SZ that caused the BOS. This is beautiful PA by the way. When you're not fighting the market it's pretty simple stuff. Even if this flips before H2-DZ...
I'm trying to keep my trading as simple as possible and just constantly keeping an eye on OF. 1. This was my POI this morning on the M15 for limit short as this is the zone that led to the previous BOS. (cs x1) 2. We have CH which pushed into the SZ you can also see the same thing happening with my previous trade. 3. The market also moved into the premium. (cs...
This trade happened during the Asian session on the H1. There was no chance to capitalise on this on the H1 chart. It would seem we have now turned bearish with H1-OF. I waited for an M15-CH to put me back in line with the current bearish OF. 1. H1 OF is bearish 2. H1 has moved into fresh supply which led to a H1-BOS 3. We have moved into the premium of...
The markets seem to be in alignment on the H2 and the M15. 1. The CH signifies for me a change of character but its not enough just to just jump into a trade, I need further confirmation to give me more confidence to trade counter-trend. The CH for me signifies the start of the pullback then I wait for an internal i-bos to really give me full confirmation. Now...
The current trend on the M15 is bearish internally. So I'm looking for a quick 6:1 trade. The internal trend might flip and take me out as the PA has been pretty complex this morning. It will be interesting to see what happens here. You can see I'm still in a positive M15 trade which got triggered on Friday 14th it's not ideal to still be in a day trade for...
After getting taken our of my previous trade by a hair. Im back in again after short structural breaks. I also have the H2 on my side as it's in the 1st phase of signifying the start of the swing pullback. So let's try again. What could go wrong? 1. Another LQS...boring...hehehe 2. Another extended move to the upside 3. This is very complex PA I could...
So this seems to be playing out. HTF on the daily & H2 has played perfectly into a LQS. Today is Friday and I believe a lot of people will want to take their money out of the market, so as mentioned in my previous chart up we could see some nice PA. My mechanical structure has played out perfectly in premium and I'm looking for a short from M15 supply....
H2 has been moving to the upside aggressively over the past few days. Which means there will be a lot of traders going long. In order for this run to continue there needs to be a pullback to take out stops and fuel the next set of order. The 2 options I have called out on the chart are the most possible from my framework and viewpoint. When the pullback happens...