EURUSD
May 14 Trade Executed
Premarket Analysis
*Parent range Discount
*Previous range Premium
*Narrative expansion cycle to continue
*Asia could consolidate and expand to buy side
NY could be the sell side
*No news can lead to choppy gross price action, low resistance is FVG form
Bull ideas
Price rally's for the equal highs
completes rebalancing of Mondays FVG
HTF price gravitates seeking higher prices to the 50 level
Price refusal to retrace and held in the top of the FVG it was rebalancing, indicated Price would seek higher prices.
NWOG and Event Horizon as magnets for a buy with DXY to the sell side
3 London Macro Trade Logic
*Asia did consolidate taking minor buy side at 0:00.
*2 Macro Price takes equal lows swings up weaving in and out of MIG, when it came back up and after cross pair analysis of DXY/GBP my buy was in play
*3:00 entered the trade
*10 pip stop loss, however not deep enough to
weather the 14 pip it dipped to then only swing back up.
I only make one trade a day as a boundary. So when I got stopped out that is it.
I am very happy to be on the right side of the market with my target hit. With or without me I lost in money but gained in trust!
Great delivery!
What can I learn
Model 2022 formed
2:57 candle hit the FVG at 2:10 this should have been your entry
I hesitated at 2:57 due to 2 bad consolidation trades yesterday.
3:02 was my entry candle higher price that meant a 10 pip stop loss
May 14 Trade Executed
Premarket Analysis
*Parent range Discount
*Previous range Premium
*Narrative expansion cycle to continue
*Asia could consolidate and expand to buy side
NY could be the sell side
*No news can lead to choppy gross price action, low resistance is FVG form
Bull ideas
Price rally's for the equal highs
completes rebalancing of Mondays FVG
HTF price gravitates seeking higher prices to the 50 level
Price refusal to retrace and held in the top of the FVG it was rebalancing, indicated Price would seek higher prices.
NWOG and Event Horizon as magnets for a buy with DXY to the sell side
3 London Macro Trade Logic
*Asia did consolidate taking minor buy side at 0:00.
*2 Macro Price takes equal lows swings up weaving in and out of MIG, when it came back up and after cross pair analysis of DXY/GBP my buy was in play
*3:00 entered the trade
*10 pip stop loss, however not deep enough to
weather the 14 pip it dipped to then only swing back up.
I only make one trade a day as a boundary. So when I got stopped out that is it.
I am very happy to be on the right side of the market with my target hit. With or without me I lost in money but gained in trust!
Great delivery!
What can I learn
Model 2022 formed
2:57 candle hit the FVG at 2:10 this should have been your entry
I hesitated at 2:57 due to 2 bad consolidation trades yesterday.
3:02 was my entry candle higher price that meant a 10 pip stop loss
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.