UJ Results Intraday Hello Traders!
As you can see the smart money ran the buy stops above the high first during the Asian open.
Once those buy stops are triggered smart money will not run the sell stops below the lows.
Friday gave a higher close to the weekly range as usual in a bearish week.
Friday also was a tight range of pips and was not highly dynamic in speed.
Forensicforex
UJ Asian Buy Stops takenHello Traders!
Here we can see UJ has taken the late new york lunch buy stops.
Given we are going into Friday which tends follow Thursday's counter trend move on the weekly range.
We could see smart money run into a HTF PD Array like the 4 hour bearish order block.
Price tends to break highs by 10 or 5 pip increments.
10, 20, 30, 40 , 50 etc.
5, 15, 25, 35. 45 etc.
I would like to see smart money tap into the 4 hour order block sell into the late new york sells stops and rally higher.
I tend to avoid trading fridays. I may scalp around 12:00 am or 2:00 am
UJ Results Intraday Hello Traders!
As we can see smart money sold above the high fooling retail traders going into the todays trading day in London.
It then ran to the 1hr low we also anticipated it running to.
Understand what happening and how the market is prepping the next trading day.
What highs or lows are taken and what remains after? (what side of liquidity hasn't been liquidated?)
Check tagged link below
High Probability Scalp SetupsHello Traders!
We can see many USD/XXX pairs are shifting trends to the down side.
However, I would wait for confirmation and wait for swing highs to form after swing lows are broken to go short.
We will study USD/JPY main but use other USD/XXX pairs to see how smart money buys and sells with these swing lows and swing highs.
DXY Weekly DrawHello Traders!
Looking at the market we can see we broke above reality equal highs.
Smart money takes these opportunities to get out buys at highs because there willing participants to allow sellers in.
We have a couple Discount PD Arrays below price.
Order Block
BISI(FVG)
I would like the pervious weekly low reached for.
It has been a while since price has been in a bearish trend.
If the DXY was to dropped heavily I would expect it to reach down to at least the last down closed candle.
New York Lunch Session AVOID ITHello Traders!
The New York Lunch Session tends to do two things
- Consolidate
- Trend
It starts at 10am and ends at 8pm.
However there is a session overlap which is the London Close.
After the London Close finishes you will see the volume of the market reduce significantly.
After the bond markets close you will also see volume reduce as well.
This will allow you to be more meticulous with your trades and focus on high rewarding setups.
Gems. Hello Traders!
Here I break down a full trading day.
Main Ideas:
New York Lunch Session: Period of consolidation (10:00am - 8pm)
Central Banks Dealers Range (2:00pm - 8:00pm)
EuropenOpening Price (2:00am)
Avoid London Session when CBDR and Asian Session is trending more than 35-40 pips.
Bearish on the day entry Ideas:
- Sell above MOP
- Sell above Asian High (5-15 pips)
- Sell CBDR +1 or +2 standard deviation(High/Medium Impact News Days +3 /+4)
- Sell above late NY buy stops
Bullish on the entry Ideas:
- Buy below MOP (5-20 Pips)
- Buy below Asian Low (5-15 pips)
- Buy CBDR -1 or -2 standard deviation(High/Medium Impact News Days -3 /-4)
- Buy below late NY sell stops
Tuesday and Wednesday are your higher volume days(More high and medium news packed)
Trade with the Time Zones London, New York, Asian (make it work with your work or life schedule)
Bearish on the week entry Ideas:
- Sell above Sunday's opening price (20-40 pips weekly premium)
Bullish on the week entry Ideas:
- Buy below Sunday's opening price (20-40 pips weekly discount)
Intraday trader exit around 12:00pm or 3:00pm (I would personally do 12:00 pm)
Weekly range trader exit Thursday New Open or London Close(Market reversals)
This is just my personal take on the market. I keep it simple and keep the rules clean and cut.
USOil Weekly Chart Hello Traders!
I am still long on USOIL.
Price has been ranging between this weekly swing high and swing low.
This is where we can find our premium and discount range.
If we are bullish look for a buying opportunity within the discount range.
Notice how price gave a buying opportunity at the bullish order block within a discounted range.
Im looking to enter the market on a buy stop entry at the open of down closed candles.
We can also see price broke the previous week high. This makes me anticipate price is drawing higher for next week.
DXY Weekly DrawHello Traders!
As we can see price swept last weeks high and has quickly displaced lower.
Why is that?
Whenever price runs a significant high or low that gives smart money the opportunity to short or long.
However, they will do it during certain times of day and during news events.
I do not want to see price return back to SOP and stay above it by the tomorrow's New York Open.
London Close I would look for opportunities of the market capping its range expansion(making high or low of the week).
If price has also reached the 3 day average pip range I would expect less movement by the weekly candle.
DXY S.O.PHello Traders!
As stated yesterdays DXY true range example I said to keep in mind where Sunday's Opening Price was.
It is a get natural price indication for overbought and oversold.
You can see price was above that line up until Wednesday(Ideal Trading Day).
Price quickly ran away from S.O.P.
DXY Down XXX/USD Pairs UPHello Traders!
As stated before the DXY is going through shorting.
Why?
An old Monthly High was ran which gives smart money an opportunity to get out their buys and sell.
We can see many xxx/usd pairs running higher, while the dollar index is falling.
Check Links attached to this post below.
DXY True DayHello Traders!
Here is a full trading day of the DXY.
Is smart money looking to sell the Dollar? (What has the higher time frame story line show?)
The Sell Stops have be
Look at when price is most active as well. It is not random how larger and explosive moves during certain times of day.
Tomorrow is Wednesday, which means this we must know where our weekly opening price is.
Does it look like price is trying to rally higher and away from Sundays opening price?
Does it look like price is trying to displace lower and away from Sundays opening price?
Look at AUD/USD and compare it to the DXY.
What does today's CBDR look like? Is it a tight range of consolidation? or is leggy and ranging? (Hints to Avoid Trading London Open Session and Opt for NY Open).