,y thoughts on NZDUSD 20th Dec 2022NZDUSD took out and gained liquidity by running last week's lows, I see some bullish momentum developing and that's why I think that a bullish move might most likely happen.
Forexmentor
An update of DXY I shared on 15th Dec 2022To be honest I had started thinking that the setup will not work because of how price has been behaving lately. However, I would move SL secure my profits if I were you
19th Dec 2022 gold setup updateWe hit full TP although the short term setup I also gave failed. Let's see what's next for gold
Short term gold sell possible setupA look at M15 shows a bearish trend developing. I had posted earlier (19th Dec 2022) that the gold buy setup was a risky setup and we're yet to see how that goes. So in the meantime I think that on the M15 chart, price could drop further to cover a void that was left during its move up last week. A 1:3 R:R.
My thoughts on gold 19th Dec 2022, Setup 2Since in order for the exchange rate to buy higher, it must first drop lower in order to buy at a discounted price. It's everyday simple business law. Therefore, in this case gold might retrace to fill the 1H void in price then perhaps rally from the fair value gap or the order block. However, I consider this a riskier trade as opposed to the short setup because of the pool of liquidity lying below last week's cluster of lows. APPLY PROPER RISK MANAGEMENT
My thoughts on gold 19th Dec 2022It's that time again, the holiday season when price becomes sluggish and unreadable. However, I see a void in price upwards that might be filled by gold up to the bearish 2H order block that might serve as supply zone to take price bearish. To me that's also a safe area to take shorts. THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT
DXY 15th Dec 2022 short setup updateOne of the things I've realized in the years I've used this strategy is that price will 98%+ of the time respect my entry zones even though go in my speculated direction. When you see that happen it means that such zones are special and are also known to the market makers. Price has been consolidating at the supply zone I identified yesterday on DXY but it's not showing impressive bearish momentum so I'll leave the decision with you. That is to either close or keep holding. I also want to thank you all for following me and helping me increase my reputation on TV.
My thoughts on DXY 15th Dec 2022There's quite some bearish momentum on DXY and although FOMC issued hawkish statements to try and jawbone the dollar into strengthening it's most likely that the USD will continue bearish though not in the long term. Price action in my perspective agrees with a bearish dollar
Gold 14th Dec 2022 buy setup update 2Price reached my entry zone which rejected bearish prices for a short while but the initial momentum had become too bearish for price to start buying from that entry. Outcome: SL hit
NZDUSD 14th Dec 2022 buy setup update 2The setup failed and hit SL. That's why risk management is highly important. No matter how promising a setup might look, only take a calculated risk that is not above 4% of your equity.
NZDUSD 14th Dec 2022 buy setup updateWe had two setups today: gold and NZDUSD and although gold missed our entry, NZDUSD activated during the FOMC statement and rallied upwards. Price action will determine whether price will continue bullish or not.
My thoughts on NZDUSD 14th Dec 2022Just like the gold setup I published earlier, I also think NZDUSD will behave the same. Likewise beware of Crude Oil Inventories
My thoughts on gold 14th Dec 2022Gold has a high volume and momentum bullish candlestick that was caused by yesterday's core CPI news. With the momentum candle having broken structure upwards, I think it's most likeley that price will continue bullish at least to run the engineered liquidity above yesterday's daily high. NOTE: BE CAREFUL OF CRUDE OIL INVENTORIES AS THEY MIGHT NULLIFY THE SETUP
Last week's DXY sell setup updatePrice used the core CPI news to take out engineered liquidity below DXY last week's lows and above XXXUSD last week's highs.
5 factors to consider before doing an entryLosing is part of the game and the earlier you accept it the better it'll be for you. However, you shouldn't just lose. You should try and become as profitable as possible and all your losses should be clearly calculated and expected but not hoped for. That way the loss will not weigh down on you and affect you psychologically.
We had some nice setups!We had some nice setups from last week that moved well this week like this one on Nasdaq. All TPs hit
Nasdaq buy reentry on 3HUS100 broke structure upwards and there are still imbalances that need to be filled upwards. So I think that it might retrace to the price above which it broke structure, that is around 1162 - 1160 and buy off from there at least up to the current highs at 11826 where a run on engineered liquidity might happen. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. PLEASE APPLY PROPER RISK MANAGEMENT
Gold 3H sell update (posted on 5th Dec 2022)We had this 3H gold sell setup on 5th Dec 2022 that had failed to activate because price was in a rush downwards. So last week the setup activated although it rallied a bit higher than my expected entry to take sell orders at around 1805.80. However, the stop loss wasn't hit and the trade is still active. Let's see how it goes. ALWAYS APPLY PROPER RISK MANAGEMENT.
Last week's US100 buy entry updateUS100 once again dipped into the 4H order block at 11504 this week from which I anticipated demand to kick in following the previous setup last week. I anticipate DXY to drop further and that's why I think US100 might rally at least to fill a volume imbalance above last week's highs. Let's see how it plays out
Last week's DXY sell entry updateIf you've been following my setups then you probably saw this DXY setup that was most likely to sell off from a break of structure supply zone. However, since it didn't further break structure last week, it rallied a bit to run last week's short term highs. Let's wait and see how much lower price action will drop. Though with how price action is playing out, it may not drop as much and might only get to the 4H order block at 104.25
US100 BUY UPDATEI shared the setup yesterday and price spiked to my intended zone during the PMI news then continued upwards. If you're interested in learning you can join my training and or mentorship sessions. I'll be happy to have you on board
DXY 2H POSSIBLE SELLDXY has a strong bearish momentum and has already broken structure on the hourly timeframes. I therefore' think that it'll drop further to take run the short term lows created this week and possibly to also run an old week's low. R:R = 2.5. THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT
