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Liquiditypool

Reading the Right Side of the Chart : EURUSD 17 Sept 2019Yesterday the price went on a 90 pips price expansion. I anticipated a 65-75 pips yesterday (Read it here : ) and this was not good for me personally. Yes, I was Bearish bias for EURUSD but I would only short the pair if the price taps into the liquidity pool that I have pre-determined. Well, new day, let's move on. As I already mentioned above, yesterday the price expanded more than the 20-Day ADR projection hence I am anticipating a wee bit amount of price correction or accumulation today. What that means is, which I also hope for, price to tap into the liquidity pool that I have identified based on yesterday's price action. By the way, the price area that I marked with a yellow box, is a trading concept that I haven't introduced but I am sure every price action trader know what that is. Liquidity pool can also be identified via areas where you see a decent amount of price accumulation/small correction. The 20-day ADR for today is 60 pips. Since yesterday had a price expansion day, I would not be surprised if the daily range today is between 35-45 pips, few pips short of 20-day ADR, which means I potentially have to wait until Wednesday to get any possibility the price would tap into the liquidity pools that I have identified. If price gets into one of these pools, that is a bearish activation for me and I will wait for a bearish trigger signal to short the EURUSD. No Risk Events today for the U.S and the Euro
Short
by sufiansaid
Reading the right side of the chart : GBPCHF 17 Sept 2019Yesterday the daily range was 63 pips whilst the 20-day ADR was 91 pips. There was a miss in daily range hence I am anticipating a price expansion today, and hopefully to the downside tapping into the liquidity pool. I am looking at the liquidity pool around 1.12270-1.12300 and once price enters in the zone, that is a bullish activation and I will wait for a bullish trigger to long GBPCHF. If the price goes lower, all I could do is wait and see if the price reacts at the liquidity pool at 1.12180 - 1.1220. There are no risk events for the U.K and Switzerland
Long
by sufiansaid
Reading the right side of the chart : EURCAD 17 Sept 2019Yesterday the daily range was 156 pips whilst the 20-day ADR was 110 pips. There was a price expansion yesterday so I am anticipating either a small correction (towards the liquidity pool at the upside) or a continuation downwards but in a small range. I am bearish bias for EURCAD hence I am looking to short this pair. I am looking at the liquidity pool around 1.46000-1.46300 and 1.46600-1.46800. If price enters in these zones, that is a bearish activation and I will wait for a bearish trigger to short EURCAD. If the price goes lower, without touching these zones, I will wait and see if the market gives me a fresh market structure that I could work on There are no risk events for the Euro and Canada today
Short
by sufiansaid
1
Reading the Right Side of the Chart : AUDUSD 16 September 2019On Friday the daily range was 31 pips whilst the 20-day ADR was 35 pips. I would consider it a hit. The 20-day average daily range (20-day ADR) for today is 34 pips. I am anticipating 55-65 pips run between today until Tuesday's London open at 3 pm (Singapore/Malaysia time). AUDUSD is in a bit of a run now to the upside. I am a trend follower believe it or not and my charts, technically suggesting I should be looking to Long this pair. My intraday plan is all dependent on which liquidity pool would get tapped. If I had to set a bias, then I would be biased LONG for this pair (but I am still open to short AUDUSD if Friday high is broken, just saying), then I am looking at the liquidity pool around 0.68500 - 0.68600 prices level, if price closes inside or below it, I will be looking to long AUDUSD. No Risk Events today for the U.S and Australia
Long
by sufiansaid
Looking at the Right Side of the Chart : EURGBP 13 SeptemberThanks to liquidity run before the ECB rate decision towards .88900 - .89000, it activated P1 (Price broke and close below Tuesday-Wednesday low) and I am intraday bullish bias for EURGBP. There are two potential targets for my bullish intentions for this pair which are the 20-week average range (upside projection) and the Boomerang target. If you do not know what is Boomerang target, please find the linked post below or click here :
Long
by sufiansaid
1
Silver To $19+ After Bear Trap?Forex is not there to help you make money. It's there to take your money and feed the big whales and corporations. Market makers swing the markets for liquidity and grab your stoplosses and make you think it's going down but in reality it's shooting up. To be successful, it's your job as a trader, to spot these traps and to make the most of them. Don't follow the herd and make the same mistakes 95% of traders make. We are here to share light and share our trades with you! This is speculation. I am not a financial adviser. Leave your thoughts below! Join our Telegram group! t.me
OANDA:XAGUSDLong
by fbz_
Reading the Right Side of the Chart : Accumulation in AUDUSDI am still stuck in this trade (read it here : Yesterday and just today's Sydney session, I saw stop a hunt towards at .68850 - .68750. You could just see the long wick candles. These two "tests" towards that price level creates two equal-ish highs hence I will determine just above it as a valid liquidity pool. My stoploss is in that as well. There is equal-ish lows at 0.68500, so I determined underneath is as a liquidity pool as well. I have marked Tue-Wed high and low (adjusted to the nearest 00s and 50s) so I will see where price would tap into and then I will react accordingly. Monday High have held the bullish intentions so far. It would be cool if price breaks the Tue-Wed high and even close above the Monthly high (yes it will stop me out, that besides the point
Short
by sufiansaid
Reading the Right Side of the Chart : CHFJPY Sept 10thPrice still trading inside last week's range / Friday's range. So far, it has been an "inside day" week as the price didn't even close above Friday's high or low. I have identified several price zones that (based on my personal believe where recent turning points and/or zones that have equal highs or lows have clusters of retail orders) I believe institutional traders (banks, hedge funds, LARGE prop firms) are looking to exploit to get enough liquidity to eventually get their entire, if not some, of the positions they intended to do for the week or month. I have marked Monday's high and low to simplify my process. When/if price close above the Monday high, and preferably higher tapping in the liquidity pool above it, I will wait for a bearish trigger to get into the trade. The arrow I put int the chart is just a rough estimation where one of my several take profit levels would be. Vice versa for the bullish signal. To better understand my concept in navigating the market for intraday moves, please read the post linked below
by sufiansaid
Read the Right Side of the Chart : XAUUSD Sept 10thThis pair has certainly moved to the downside followed by the bank's price manipulation around 1555.225-1555.400 You can read the post about where the current wave originated (the setup that I missed. Yes writing this isn't easy for me : Price closed below last week's and Friday's low. Monday was pretty quiet and low volume trading day as this pair didn't reach the 20-day average daily range, which I believe it will eventually be "paid" the following days which it did during Sydney session today. Price also trading inside the liquidity pool that I have determined but there is also price zones that I have determined below it and I would love it if price reach in that zone. I would be an interested buyer at those prices, but of course, after there is a bullish trigger. Depending how volatile this pair going to be this week, if this pair goes off to the upside with momentum, price entering the liquidity pool at 1520-1535, I will be looking for a bearish signal and would seriously consider it as a continuation of the bearish wave You can read the linked posts below to understand the context of this post and also to understand my concept in navigating the market
OANDA:XAUUSD
by sufiansaid
Monday relationship with Tuesday/Monday - Filtering the NoiseThis is an extension for the following post : This is just an example, using a random entry-based / trend following based indicator ( True Strength Index) to time our entry. I do not necessarily use this indicator), to showcase how the ability to navigate the market via this simple concept potentially limit the market noise and only take any trading signal if the criteria were met (i.e only take bullish signals after price broke Monday's low on Tuesday or Wednesday) For this particular chart, when the line cross the zero-line, that is generally a trading signal. Taking ALL the zero-line cross signal would be very dumb. Using this navigational concept as a filter, you would filter the whipsaws and gives you more chances to be in a high probability trades.
by sufiansaid
Navigating The Market : Simplifed = Friday/Monday relationshipThis is not a trading strategy nor claiming this concept happens 100% of the time, but this is a repetitive pattern and I personally believe it could help you to navigate the market (particularly if you are an intraday trader) more efficiently. I generally would see this in 1-Hour timeframe but for the sake of being able to show you with more examples in one post, I choose D1 timeframe for this post. When price breaks and close above Friday high on a Monday, more often than not, the price would eventually reverse downwards within 18-24 hours. Vice versa for a close below Friday low (on a Monday) Why I believe this phenomenon is real and tangible is because Friday or Monday normally a day where the Banks (NY session) attempt to clear their books. In order to do this, sometimes they need liquidity to offload their position, they would do stop hunts if there is a need to do so. Hence I've conceptualised this Friday/Monday relationship into my way of analyzing the intraday moves especially on a Mondays. By default, any breakout from the Friday high or low, I would consider it as a stop hunt/fake breakout. Of course, there be a week where a breakout from the Friday started a huge trend that lasts weeks, but that is an outlier. I do not care about outliers, as a trader I will try to profit from what is repetitive, and this concept is very repetitive. This is just one of three "day-to-day relationships" that I have conceptualised to make me reading the market a lot easier. The other two are Mon - Tue/Wed relationship,andTue/Wed to Thu/Fri relationships that I have conceptualised. Tell me what you all think,
Education
by sufiansaid