Sherman_Trades

Sherman_Trades

BTC open interest is up LQTY has hit the bottom and its funding rate is positive OI is rising volume is rising and price is rising hence bullish

Sherman_Trades

Confluences - interest rates are up - dxy is at the monthly and weekly support

Sherman_Trades

Trade type AAA Confluences: - the is a wick that needs to be filled at 400 Thats all.

Sherman_Trades

Trade type: AAA Confluences: There is an imbalance that must be filled. bullish candlesticks confirmations

Sherman_Trades

Trade type AAA Confluences: - We have not hit 32k target. - We have had our 3rd touch in the downside - Retail sales in DXY came in negative (lower) hence a slightly weaker dollar(actually am bullish on dollar when it hits < 100

Sherman_Trades

Trade type AAA Confluences: - 30 mins TF has closed bullish engulfing. - Sell-side liquidity has not yer been cleared. This is at 2.140 - Overall bullish - BTC has not yet hit 32k (my target)

Sherman_Trades

My last idea was taken out: Review my last idea above for the analysis.

Sherman_Trades

Trade type AAA Reasons for taking this trade: - We had weekly supply zone. - There is internal liquidity waiting to be cleared. - 30 mins candlestick has closed bearish engulfing. - We hit 30mins supply hence we got our reversal accumulation. My previous idea is still in profit Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type...

Sherman_Trades

Trade type AAA Reasons for taking this trade: - daily candle has closed bullish engulfing supported by a hammer candlestick. - downside liquidity has been cleared at 0.5792 - all wicks must be filled. - FVG + Wick = liquidity hence there is liquidity above to be cleared.

Sherman_Trades

Trade type AAA Reasons for taking this trade: We hit weekly supply zone. Liquidity pool above 166.630 has be cleared. We are at premium price level hence a retracement is inevitable. Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and...

Sherman_Trades Updated 

Trade type AAA My previous idea: was a winner. Reasons for taking this trade: Main bias is long. We hit FTTS(First time hitting supply) zone and rejected hence we formed rejections on the downside. We have a nice sellside liq to be cleared. There is liquidity to be cleared on the upside.

Sherman_Trades

Trade type AAA Our previous idea hit SL hard Thats why risk management is very important. Reasons: Rebuy same reason as the linked related idea

Sherman_Trades Updated 

Trade type AAA Reasons for taking this trade: We have just cleared buyside liquidity. This was aided by FOMC rates. GBP rates (0.25% increase) were the same as dollar hence bearish. 4hr tf has closed bearish Daily chart looks bearish as well after filling the daily FVG yesterday on this trade👇🏾 Trade type glossary: Trade type AAA - Very good Trade type BBB -...

Sherman_Trades

Still AAA type trade My previous trading idea below: only went 118 pips down after hitting daily SND zone (it was such a short trade i should have used H1 to post the trading idea) Anyway reasons for taking a buy here: We had our change of character. Asian session is ahead hence because of JPY we might go up Trade type glossary: Trade type AAA - Very...

Sherman_Trades Updated 

Trade type BBB Reasons for taking this trade: - We are in daily demand. - exgf move has already happened. - 3OBs have been created hence fulfilling the 3-touch move strategy. - 4HR candlestick might close bullish. - We already have our choch Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to...

Sherman_Trades

Trade type AAA My previous idea: Reasons for taking this trade. - After the small rally (see idea above) apparently we hit daily SND zone. - We are at premium price levels. - Main bias is sell. - 4HR has closed really bearish

Sherman_Trades Updated 

Trade type AAA My previous idea: Reasons for taking this trade - We hit a major weekly support - CPI data has favoured this pair. Remember, main bias is sell Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%

Sherman_Trades Updated 

Trade type AAA Reasons for taking this trade: Trade hit weekly demand and created the first OB that mitigated the first supply zone After hitting weekly demand it created an OB and since liquidity lies below OBs and the price had nit hit daily OB it had to retrace back and clear liquidity below OB. Then the trade retraced to and near first supply zone in which...