Sunday Live Trading Session SMT Divergent Hello Traders!
I know I tell others to not trade on Sunday and Monday, however, If you know what you are looking for a trade can form.
Main Idea:
SMT divergent via Daily and 5m Timeframe
USD/CAD made a higher high
DXY made a lower high
This would mean a crack in the algorithm correlation between the pairs.
When DXY makes a higher high USD/CAD is expected to make a higher high.
When DXY makes a lower low USD/CAD is expected to make a lower low.
Here USD/CAD is stronger than DXY because it took lead to make the higher high leaving the DXY behind.
We also know when DXY makes a lower low EUR/USD, GBP/USD, NZD/USD, AUD/USD should make a higher high (Vice versa when DXY makes a Higher High).
Ict
Weekend Analysis + Market Re-cap This weeks video is me going over 3 potential trades this week
NZDCAD (Short)
AUDCAD (Short)
CADJPY (Long)
I break down exactly what I am looking for right down to the 15min/5min TF's
Hope you all have a great rest of your weekend, Christmas, and have a fantastic 2022
Take care
Ben
ETH Price Action StudyHello Traders!
Here I am just actively watching the charts.
You can see price respecting, repricing and rebalancing certain areas before making the large move.
If you watch this video from start to finish without skipping through you will develop more than cheating yourself.
I was also Short BTC/USD as well.
AUD/USD Swing High and Swing LowHello Traders!
Here I speak about high probability scalps on daily highs and daily lows.
Once a swing low is broken price will need to create a swing high and then find lower prices
Once a swing high is broken price will need to create a swing low and then find higher prices.
This setup is nota guarantee winner, as we know not everyday is a trading day.
Weekend Analysis + Market Re-cap Looking at a few pairs on the watch for next week.
A breakdown of a couple of trades I have taken throughout the week on EURJPY and GOLD
And we also take a look at the pairs I am looking at taking potentially for next week.
a lot of XXX?JPY pairs are on the watch for next week looking to see if we can get any long buy-side positions on them if the set up occurs.
Have a great weekend
CBDR Example and specifics Hello Traders!
Here in this video I speak on the concept of the Central Banks Dealers Range Aka CBDR.
CBDR is mainly used to help in aiding finding the High of the day or Low of the day.
You can not use the CBDR everyday! Understand that CBDR needs to be a certain amount of pips in order for it to be useful.
CBDR by itself is not enough for you to be successful. As you can see I speak on other ideas such as Trading Sessions,
M.O.P, Premiums and Discounts.
IPDA Data Range December Hello Traders!
Here I break down the IPDA Data range on DXY, NZDUSD, and show a few others briefly.
We believe there is a Forex Algorithm that delivers price to traders.
We know that there is a quarterly shift on these markets.
These markets are not random, and if they were nobody would have gain much profits consistently.
If the markets were random why would we trade it? Wouldn't that be unfair to trade? Yes.
The markets are controlled to the the exact pip as an exit or target.
What dates, ranges, high and lows is the algorithm reaching for?
This video will explain this the most basic principal with IPDA Data Ranges with a mix of sessional tendency.
1. Build your IPDA Data Range annotations
- Use the Daily Time Frame ONLY
- Do no include the weekends, just the week days when counting back (Mon. - Fri.).
2. Look for the highest high and lowest low within each look back range (20, 40, 60)
3. Look for certain PD Arrays like Old Monthly, Weekly, 4H, lows, highs, Gaps, Liquidity Voids, ICT Order Blocks etc
You will also need to understand a mixture of other market theory and ideas to come to a greater conclusion but this will put you in the right direction.
USDCHF 5%+ | Play Of The Day - Nov 25Welcome to my Trading Play of The Day. My Name is Dilpreet and I will be covering a 4 step trading setup on price action from USDCHF today Nov 25 2021.
The 4 step trading process is simple.
1. Range
2. Initiation
3. Mitigation
4. Continuation
If you are interested in learning more from me, don't forget to drop a like and subscribe.
Much Love
Dilpreet
Elements to buying and Selling Hello Traders!
Here I briefly show what we as traders should be looking for when in buying or selling conditions.
Banks Buy in a Discount and Sell in a Premium.
I do understand people do draw their fibs wick to wick. However I prefer body to body because that is the truest price action.
Everyone charts are going to have disparities because of broker spread. So I opt out for using the body of the candles because that were the true trading volume resides.
Weekly Range Break DownHello Traders!
This video explains how these markets move on a week to week basis and day to day basis.
SUNDAY OPENING PRICE is something every trader should keep on their charts.
It will help fine tune which side of the market you should be on when bullish or bearish.
I give 4 examples, 2 bullish and 2 bearish. All example shown are also from the same trading week.
The Dollar is sessionally bullish in November that alone should signal to a trader that other currencies are most likely bearish for November. Do your due diligence look up your sessionally tendencies for each forex currency.
Key take ways:
Sunday opening price is where the algorithm is making its new overbought and oversold levels.
Anything above the S.O.P line is Premium. Premium is also known as overbought.
Anything below the S.O.P line is Discount. Discount is also known as oversold.
If you are bullish you are looking to buy below S.O.P
if you are bearish you are looking to sell above S.O.P
The fake move above or below SOP is referred too as the Judas Swing, which I learned from ICT.
Sunday Opening Price Bullish Tutorial Hello Traders!
We know that these markets are not random and have an algorithmic structure to them.
Sunday Opening Price is important to keep in mind when day trading or swing trading.
Each new trading week the market will reset its oversold and overbought levels.
S.O.P (Sunday opening price) allows us to see those levels WITHOUT INDICATORS!
Anything above S.O.P is premium (overbought) and anything below is discount (oversold).
When bullish we are seeking buying opportunities under S.O.P.
Mon., Tue., and Wed is typically going to give you the low of the week.
Thursday is typically going to give you the high of the week then give a mid-week reversal.
Friday can also pose to give the high of the week or follow Thursdays reversal trend.
The same can be said when in bearish conditions, just vice versa.
Market Re-cap & AnalysisWeekend analysis of the currency pairs i am watching for next weeks trading week.
Pairs I am looking at for longs are;
AUDJPY
AUDUSD
CHFJPY
NZDCHF
NZDJPY
Pairs I'm looking at for potential shorts are
EURAUD
EURNZD
USDCAD
If you have any questions about trading then I will be more than willing to give you a hand if I can just give me a message or comment and I will be sure to get back to you
Take care
Ben
BTC/USD Mark up Example Hello Traders!
Here I speak on how I typically mark up all my charts.
1. I always use IPDA look back data ranges on the 1st of every month
2. I Mark off the highs and lows within the look back ranges as those level will be important
3. Mark off our most recent trading range and find equilibrium
4. I look for PD arrays above and below price (i.e., Order Blocks, Old highs, Old lows, Gaps, Voids, Fair Value Gaps)
Market Re-cap & AnalysisHere i give you a break down of 4 trades that I took during last week
-EURAUD / Long
-EURUSD / Long
-GBPUSD / Long
and EURJPY / Long that i am currently still in
Currently down NET 0.5% for the week so not to bad, hoping the market can give us some entries for next week as there are a few pairs that look great to trade
List for next week is
USDCAD
XXX?JPY / Most of the JPY pairs are looking great for longs just need a bit more development in the market. So lets wait and see what the markets have in store for us next week.
Have a great weekend and a great trading week for next week
Any questions feel free to ask and i will get back to you as soon as i can
Take Care
Ben
EURUSD Markup + commentaryWhatsup Traders
I'm breaking down how EURUSD price action performed today.
There were some really nice moves on the 1 minute chart - regardless of which way you decided to trade.
I am still testing some new things and working on reducing the time I spend at the screen trading. I will be talking about some time management in this video as well.
If you have any questions or concerns, please do not hesitate to reach out to me.
Cheers
Dilpreet