EURUSD
May 19 Trade Executed
2 London Macro
Parent range equilibrium
Previous range coming into Asia premium
Narrative
*I suspected Sundays delivery to be aggressive, retracing Fridays inefficient delivered price, glad it did, setting up for a run on equal highs.
*Asia expanded with typical swing low back to 50 level to consolidate.
*Sell side taken the last session high probability for price to seek equal highs.
(I was a little shaky with my idea reading the minute charts which I need to read the candle formations but it sure swings my emotions)
Frame work-from 3 min TF
22:00 Price stayed above the 18:00 candle created a minor equal low.
0:03 FVG forms first presented FVG
1:09 creates a clean equal high and breaks down
1:45 candle barely takes minor sell side liquidity
1:51 energetic candle rallies away and breaks the swing high
2:00 comes down in the FVG
2:03 entered Price 1.11880
First target minor equal highs
Second target equal highs
Third target equal highs
Forth target the 1SD and FVG/NWOG
Exited 4:18 Price1.12492
Admittedly I had a lower price and when I did not get tagged in I did instant order -rule breaker, plus slip got me higher, its ok
NOTE I had to build my execution off GBP/DXY price action for confidence
NOTE I did buy above the 50 in a premium for this trade-rule breaker
This is one of my best trades, the most calm I have been and holding it was hard and trusting that price would hit the targets.
rinse wash and repeat, so grateful I m getting better every trade. Blessed!
May 19 Trade Executed
2 London Macro
Parent range equilibrium
Previous range coming into Asia premium
Narrative
*I suspected Sundays delivery to be aggressive, retracing Fridays inefficient delivered price, glad it did, setting up for a run on equal highs.
*Asia expanded with typical swing low back to 50 level to consolidate.
*Sell side taken the last session high probability for price to seek equal highs.
(I was a little shaky with my idea reading the minute charts which I need to read the candle formations but it sure swings my emotions)
Frame work-from 3 min TF
22:00 Price stayed above the 18:00 candle created a minor equal low.
0:03 FVG forms first presented FVG
1:09 creates a clean equal high and breaks down
1:45 candle barely takes minor sell side liquidity
1:51 energetic candle rallies away and breaks the swing high
2:00 comes down in the FVG
2:03 entered Price 1.11880
First target minor equal highs
Second target equal highs
Third target equal highs
Forth target the 1SD and FVG/NWOG
Exited 4:18 Price1.12492
Admittedly I had a lower price and when I did not get tagged in I did instant order -rule breaker, plus slip got me higher, its ok
NOTE I had to build my execution off GBP/DXY price action for confidence
NOTE I did buy above the 50 in a premium for this trade-rule breaker
This is one of my best trades, the most calm I have been and holding it was hard and trusting that price would hit the targets.
rinse wash and repeat, so grateful I m getting better every trade. Blessed!
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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.