TheSnowballEffect

TheSnowballEffect Updated 

Price just had a good run-up but is now reaching a major resistance level. Convergence from a daily major trendline that has been broken in the past and a horizontal level. I want to see the price go past my order and then whip back down with good aggression. Here is the daily major trendline :

TheSnowballEffect Updated 

4RR

TheSnowballEffect

Price has broken out of the consolidation to the upside, indicating that the institutions where accumulating buy positions and thus confirming the long bias from the big players (market makers that have a lot of liquidity). We also have a clear low that was formed on the daily chart with a clear rejection : Waiting for price to retest that consolidation for a...

TheSnowballEffect Updated 

Here is the Strategy of strong AGRESSIVE initiation and then entry on the pullback from that initiation. The rules for this strategy is that price must pull back at least 50% of the initial move. Entry must be in convergence with at least one more factor, like an RSI divergence, a retest of a major trendline or horizontal level, or break and retests (resistance...

TheSnowballEffect

How to trade the POC from the Volume Profile! This line is important as is indicates where the price has been traded with the most volume.

TheSnowballEffect Updated 

Waiting for a manipulating wich to get me in at a good price. 3RR

TheSnowballEffect

The red line is the Point of Control of the Volume Profile, witch means where market participants have been the most active in the market (most volume). It is considered as strong support in an uptrend. Here Price just rejected this key level with a strong engulfing candle, indicating that the price will be continuing upwards. I am looking for a good entry to...

TheSnowballEffect

retesting support Will likely have a wick test the stronger support before going up :)

TheSnowballEffect

Waiting for a manipulating wick to get me in at a good price. 3.6RR

TheSnowballEffect

At it's lows where it has bounced before many many times... long term investment here there is even RSI divergence from where there was the last major dump

TheSnowballEffect

Might have a manipulating wick down before going up tho... First target to the first resistance and next target to the weekly major resistance here :

TheSnowballEffect

after retracing all the way back up, this gives us a good point to short at the last resistance line. Putting a limit order and waiting to get triggered in for a good RR (3.9)!

TheSnowballEffect

... if it reaches that level :)

TheSnowballEffect Updated 

:) one of my favorite setups price looks like it wants to break, so let's see

TheSnowballEffect Updated 

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TheSnowballEffect

if it does, this will create a great opportunity for a long. I am expecting this because it just bounced off of a very strong daily trendline, but I need more confluence before entering. Australian pair has shown to respect trendlines very well, so here it is on the 4h : this thing could also reverse at any time because of the massive bull run it has had in the...

TheSnowballEffect

Taking a stop order short in case it still wants to break it upwards. 3.25RR, but still a good stop level with a low chance of manipulation hitting it after it breaks downwards. And just LOOK at how beautifully the RSI goes down... 3 tops from 3 higher tops on the price action, so big RSI divergence here! the yellow line is a daily/weekly resistance... here :

TheSnowballEffect Updated 

Price just broke down confirming the short bias Looking for a good entry RR on the retest of the previous short term resistance.