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NZDUSD Short - FlashcardNZDUSD Short Direction: - This pair was at Source. This is an area where liquidity is trapped, so the market was expected to rise to this point then drop heavily. - The M (Double Top) pattern formed in the H4 OB (Orderblock). - Pair expected to reverse into Bearish Orderflow. Therefore, Bearish Momentum expected soon on the H4. Entry: - H4 OB (Orderblock) indicates an area where liquidity is trapped. Markets are expected to grab this liquidity at source then drop. - M (Double Top) Pattern Formation. - 13 EMA Cross indicates continuation of drop in pair. This is my entry. - RSI crossed volatility bands (Shark-fin), indicating pair will drop. - RSI is above the 68 indicating the pair has been heavily overbought. - MBL (Market Base Line) near the 68 pointing down, indicates that the pair is due to drop. - Divergence indicates probable drop. Exit: - 20 pip SL @ just above YH as this is a resistance point. - 37 pip TP @ just above YL as this is a support point.
Short
by FotiosDimitriou
1
EURJPY Long - FlashcardEURJPY Long Direction: - Pair is in H4 Bullish Orderflow, and is starting to enter Bullish Momentum on the Daily. - The pattern formed in a H4 OB (Orderblock). Entry: - W (Double Bottom) Pattern Formation. - Yesterdays low was held throughout the day. The pins to yesterdays low indicate the low will probable not be broken (This can be seen yesterday also). - 13 EMA Cross indicating continuation of rise in pair. - Three vector drop before held low indicates the market wants to grab liquidity before rising. - Squeeze in volatility bands at this point indicates a probable burst to the upside. - RSI crossed the volatility bands (Shark-fin) indicating pair will rise. - RSI is also near the 32 and therefore, the pair has been exhausted and near oversold. - Divergence indicates the pair will rise. Exit: - 55 pip TP @ just below YH as it can as a resistance point. - 20 pip SL @ just below YL as it can as a support point.
Long
by FotiosDimitriou
1
NZD USD - Short FlashcardNZD USD - Short Flashcard - Pair in a bearish trend - Presented with a double top late into new york - RSI near 68 hook back into volatility bands on first leg of formation and crossed under signal line - Second leg of formation RSI failed to break signal line (therefore remaining bearish) - Entry on cross under 13 ema and close second leg - Stop loss 8 pips above the high of the formation - TP 1 @ yesterdays low - TP 2 @ RSI cross signal line (alternative exit signal)
Short
by AbdullahDjendel
1
GBPCAD Short - FlashcardGBPCAD Short Direction: - Momentum on the H4 was Bearish. - The pair entered a Bearish OB (Orderblock) on the H4. - The pair filled in the FVG (fair value gap) on the H4, before dropping. - The pair retested the last level of the Bullish Cycle. Entry: - M (Double Top) Pattern Formation. - 13 EMA cross indicates probable continuation in drop. - Divergence. - RSI near the 68. This shows that the pair is near exhausted and overbought. - Squeeze in volatility bands between the 50 & 68 indicate a sudden burst will occur downwards. - MBL (Market Base Line) pointing down above the 50 indicates drop. Exit: - 35 pip SL @ above high. - 70 pip TP 1 @ 800 EMA, as this can act as a resistance point.. - 120 pip TP 2 @ just above YL.
Short
by FotiosDimitriou
2
USDJPY Short - FlashcardUSDJPY Short Direction: - The pair was in Bearish Orderflow. - Pattern was created in the Bearish H4 OB (Orderblock). Entry: - M (Double Top) Pattern Formation. - Big pin created covered the FVG(fair-value gap). This pin is also in the H4 OB. This indicates a quick move occurred to grab liquidity before moving down. - 13 EMA cross & close, confirming continuous down movement. This was my entry. - RSI near the 68. This indicates the pair is exhausted and is near overbought. Therefore, the pair is due to drop. - MBL (Market Base Line) is pointing down above the 50, which indicates probable drop. - Squeeze in volatility bands between the 50 & 68 indicate a sudden burst will occur downwards (volatility bands will open up to the downside). Exit: - 9 pip SL @ above high. - 16 pip TP @ 200 EMA. This can act as a resistance point to the pair, so my TP was slightly above it.
Short
by FotiosDimitriou
6
GBPUSD Short - FlashcardGBPUSD Short Direction: - GBPUSD was at the end of a Bullish Cycle (Level 3). Therefore, it was due to reverse. - The pair also formed a pattern at the H4 OB (Orderblock), so liquidity was expected to be grabbed from the source before the pair dropped. - Expect Bearish Momentum now. Entry: - M ( Double Top ) Pattern Formation. - Divergence indicating pair will sell. - Yesterday's high was held for multiple hours, with candles closing below it. The candles only pinned the high which indicated the high was probably not going to be broken. - RSI near the 68, indicating the pair is exhausted and near overbought. Exit: - 35 pip SL @ above YH (Yesterday's High). - 72 pip TP @ above YL (Yesterday's Low).
Short
by FotiosDimitriou
GBP USD - Short FlashcardGBP USD - Short Flashcard - Pair presented with double top off of YH with an easy entry @ 13 ema close (below) - Although RSI didn't hook out of volatility bands it did cross RSI on the first leg near 68 - TP 1 @ RSI hook into volatility bands @ 32 with RSI cross signal line - Trade had every reason to become a swing trade with double top formations with divergence on the H1 and H4 time-frames. - TP 2 @ 800 ema but when swinging you should go for more (3 * average daily range)
Short
by AbdullahDjendel
GBPCAD Short - FlashcardGBPCAD Short Direction: - GBPCAD was at the end of a Bullish Cycle (Level 3). Therefore, it was due to reverse. - The pair also formed a pattern at the H4 OB (Orderblock), so liquidity was expected to be grabbed from the source before the pair dropped. - H4 MBL (Market Base Line) at the 68, so pair was overbought. - Expect Bearish Momentum now. Entry: - M (Double Top) Pattern Formation. - Divergence indicating pair will sell. - MBL (Market Base Line) pointing down above the 50, indicating the pair will drop. - RSI crossing volatility bands (Shark-fin), indicating probable drop in the pair. - RSI above the 68, indicating pair has been overbought. Exit: - 44 pip SL @ above YH & H4 OB. - 78 pip TP @ RSI Signal Line Cross, indicating to exit trade.
Short
by FotiosDimitriou
GBP JPY - Short FlashcardGBP JPY - Short Flashcard - Pair presented with double top formation early London session - First leg of formation presented with a hook into volatility bands with RSI cross under Signal line - Second leg presented with evening star pattern with close below 13 ema and divergence - Profit taken @ RSI signal line cross / RSI hook into volatility bands near 32 - TP 2 @ 800 ema not acheived exit signal came early - Market baseline began curving down / flattening during formation - No draw-down
Short
by AbdullahDjendel
XAUUSD Long - FlashcardXAUUSD Long Direction: - XAUUSD is in Bullish OrderFlow, and has Bullish Momentum. - This pair created a pattern in a H4 Bullish OB. Entry: - H4 OB (OrderBlock). The pair came to retest that area and take liquidity. - Three Vector drop before held low. This indicates the market wants to grab liquidity before rising. - RSI crossed volatility bands (Shark-fin) , indicating a probable rise in the pair, and crossed the Signal Line (trade entry). - RSI at 32, indicating pair is oversold. - Yesterday's Low was held for multiple hours during the day, with pins towards the low, indicating they were not going to drop lower before rising. Exit: - RSI crossed the Signal Line, indicating to exit trade. - RSI is near the 68, indicating pair is near overbought. - 60 pip SL @ below H4 OB. - 100 pip TP @ RSI, Signal Line Cross.
FX:XAUUSDLong
by FotiosDimitriou
CHFJPY Short - FlashcardCHFJPY Short Direction: - The pair retested Source at the H4 OB (OrderBlock). - Reversal expected as liquidity was trapped at the Source. - At last level of Bullish Cycle. Entry: - M ( Double Top ) Pattern Formation on the M15 & H1. - Divergence occurred on the H1. - RSI crossed volatility bands (Shark-fin). - RSI above 68, indicating pair was overbought. - Pair crossed 13 EMA confirming continuation of drop . Exit: - 18 pip SL @ just above H4 OB & high. - 38 pip TP @ just above YL (Yesterday's Low).
Short
by FotiosDimitriou
EURGBP Short - FlashcardEURGBP Short Direction: - The pair is in a Bearish Order Flow and had Bearish Momentum. - The pair was in a Bearish Cycle and respected the H4 OB's (Order Blocks). Entry: - M (Double Top) Pattern Formation. - Divergence occurred on the M15. - RSI crossed volatility bands (Shark-fin), indicating a rise in the pair. - RSI above the 68 indicating the pair was overbought. - 200 EMA showed resistance on the pattern. - High held for multiple hours indicating it will not be broken. Pins to 200 EMA also indicate it will not be broken. Exit: - 20 pip SL @ above high. - 27 pip TP 1 @ just above YL (Yesterday's Low). - 42 pip TP 2 @ RSI, Signal Line Cross, indicating exit of the trade. - RSI below 32, indicating pair has been oversold. This is another confirmation to exit the trade.
Short
by FotiosDimitriou
EURNOK Short - FlashcardEURNOK Short Direction: - Pair is in Bearish Order Flow and has Bearish Momentum on the H4 and Daily. - Pattern formed in the Bearish H4 OB (Order Block). Entry: - W (Double Top) Pattern Formation. - Divergence occurred. - RSI crossed volatility bands (Shark-fin), indicating a drop in the pair. - RSI near the 68 (exhaustion zone), indicating pair was overbought. - 13 EMA cross on second leg of pattern confirmed drop. This is my entry. - MBL (Market Base Line) curved downwards after entry, confirming drop. - 800 EMA showed resistance to the pattern. Exit: - 40 pip SL @ above high (top of H4 OB). - 71 pip TP @ day close. Did not go to original TP, however I do not like holding trades for more than one day, so I closed the trade before the day ended.
Short
by FotiosDimitriou
CADJPY Long - FlashcardCADJPY Long Direction: - The pair was in Bullish OrderFlow. - It was in a Bullish Cycle and created a pattern within the H4 OB. Entry: - W (Double Bottom) Pattern Formation on the H1. - RSI crossed volatility bands (Shark-fin), indicating rise in the pair. - Divergence occurred, indicating probable rise. - MBL (Market Base Line) curved upwards which confirmed uptrend in pair. - RSI was at the 32, confirming the pair was oversold. - Entry 1 was at RSI, Signal Line Cross. - Entry 2 was at LSB Retest. Exit: - 18 & 25 pip SL @ just below H4 OB (Order Block) - 30 pip TP 1 @ 13 EMA Cross - 28 pip TP 2 @ just below YH
Long
by FotiosDimitriou
EUR GBP - Short FlashcardEUR GBP - Short Flashcard - Pair presented with double top formation off of 200 ema (which later became triple) - First leg came in with a sharkfin off of the 200 ema and RSI cross under signal line - Second leg came in with RSI cross under market base line (yellow) and market baseline flattened out after bullish movement - TP @ RSI cross above signal line - Trade will be closed before the next day starts to avoid swap and weird market opens - 3rd bounce off of 200 ema gave a nice RR track entry with top side pin - Second leg divergence was very strong
Short
by AbdullahDjendel
USD JPY - Long FlashcardUSD JPY - Long Flashcard - Pair has just broken the uptrend so this is a counter trend but the trend reversal wasn't the strongest (higher time frames) - Double bottom formation presented off of yesterdays low - First leg with RSI hook @ 32 into volatility bands - Second leg entry on shift candle at RSI cross above signal line along with divergence for added confirmation - Double bottom formed off of the yesterdays low with no closes below - TP1 @ RSI cross signal line or RSI hook but here I would move stop below 13 ema by 5 pips - TP2 @ RSI hook into volatility bands @68 no cross under RSI - TP3 @ RSI bounce volatility bands above 68 and RSI cross signal line or yesterdays high (to achieve this TP you had to move your stop below 13 ema earlier or have TP @ yesterdays high)
Long
by AbdullahDjendel
1
USDDKK Long - FlashcardUSDDKK Long Direction: - On the H4 USDDKK was in a Bullish OrderFlow. - It entered the H4/H1 liquidity area. Entry: - W (Double Bottom) Pattern formation on both the H1 & M15 - RSI crossed the Signal Line (Shark-fin) on the H1 & M15, indicating a probable rise in the pair. - RSI was near the 32 on the H1 & M15, indicating the pair was oversold. - I entered once the candle moved and closed above the 13 EMA, on the M15. Exit: - 22 pip SL @ just below YL (Yesterday's Low), as it is a resistance point. - 29 pip TP @ 200 EMA, as it is a resistance point.
Long
by FotiosDimitriou
GBP USD - Long FlashcardGBP USD - Long Flashcard - Pair in uptrend - Pair presented with a clear double bottom formation off of yesterdays low - First leg presented with a RSI hook into volatility bands near 32 - Second leg presented with a RSI cross above signal line with second leg holding the same low - Pattern appeared near yesterdays low - MBL (yellow on TDI) curved upwards and RSI crossed above which is further confirmation of the buy trade - TP 1 @ yesterdays high - TP 2 @ RSI cross below the signal line as exit signal
Long
by AbdullahDjendel
GBPUSD Long - FlashcardGBPUSD Long Direction: - GBPUSD had Bullish Momentum, and was in a Bullish Cycle. - The OrderFlow was seen as Bullish and when trade, the pair was in a Bullish OrderBlock on the H4. Entry: - W (Double Bottom) Pattern Formation seen, indicating price will rise. - Divergence and Shark-fin (RSI crossing Volatility Bands) seen, indicating the pair will probably go long. - RSI was below the 32, indicating the pair was oversold. - The RSI crossed the MBL (Market Base Line) which was pointing upwards, indicating price is going to continue rising. - The candle of entry crossed and closed above the 13 EMA showing a continued rise. Exit: - 25 pip SL @ just below YL (Yesterday's Low). - 37 pip TP 1 @ just below YH (Yesterday's High). - 55 pip TP 2 @ RSI, Signal Line Cross below. - 80 pip TP 3 @ 13 EMA Cross below.
Long
by FotiosDimitriou
AUDCAD Long - FlashcardAUDCAD Long Direction: - AUDCAD was in Bullish Orderflow, and the trade presented itself in a Bullish OrderBlock. - Previous high held was broken yesterday, indicating they were going to continue going long. Entry: - W (Double Bottom) Pattern formed at low of the day. - Low of the day was created when candles closed above the 800 EMA, and pinned below. This indicates possible low. - Shark-fin (RSI crossed above Signal Line) indicated price was going to rise. - RSI Line was below the 32 indicating the pair was oversold. Exit: - 25 pip SL @ just below YL (Yesterday's Low). - 52 pip TP @ YH (Yesterday's High) & RSI, Signal Line Cross.
Long
by FotiosDimitriou
XAUUSD Long - FlashcardXAUUSD Long Direction: - Gold has Bullish Momentum and is still in a Bullish Cycle, as it is making higher lows and higher highs (Bullish Order Flow). - Due to the current global issues confidence in gold is rising. Entry: - The pair pulled back to the low of the OB (Order Block), so as long as it held the low this was the perfect entry to go long. - The candle where I entered closed above the 200 EMA and pinned it where the low of the OB was. This indicated a very probable buy trade. - The 200 EMA acted as a resistance point. - RSI crossed back into the volatility bands (Shark-fin) near the 32. This indicated price was going to rise and that the pair was near being oversold. Exit: - SL @ below the lower OB (just in case it came back for that lower low). - TP 1 @ the point where the RSI crosses the Signal Line. This indicates an exit of the trade. - TP 2 @ just below Weekly High.
FX:XAUUSDLong
by FotiosDimitriou
2