"Perseverance is not a long race; it is many short races one after the other." — Walter Elliot I predict will be heading back to the support level where market makers left sellers looking very sad. (19415 area) If you were looking at Bookmap which I am not 9 times out of 10 it would show there are orders waiting in at area. They have to drop price and come...
What I'm looking at on US30 and DXY. The dollar is currently hella bullish, making it difficult to get into trades as it doesn't offer a good enough retracement most of the time. this is a potential area i am looking at to get a reaction out of at the very least. lets see what PA shows us.
Observations and key trade times. Why do people trade session open times? Price is too volatile and you can get the direction wrong more often than not. Waiting for the lull stops any doubts you might have to get in line with the market and its true direction, use it as a confluence almost.
Break down of US30 trade i am in. Hopefully the area holds and can give me at least 5RR. DXY has just hit an inefficiency area so hoping for short term Dollar weakness
trade areas for EC, looking to take out the January highs for then a possible reversal. we have Dec 21 high to tackle also. after this we can target buy side liquidty
Top down to entry on a trade I'm currently in. Difficult one to trade as DXY is ranging but I can never ignore EQL or highs.
using smc i'm looking for a liquidity drop down towards the 35 area resulting in a spike up to 60-63.
Hello Traders, EURGBP is set to be bullish long term (at least for 2 months) and the weekly timeframe has adjusted accordingly to take out the daily trendline liquidity. The only issue is, for price to go bullish on both the weekly and daily, it must first take out all the liquidity pool it has created. My approach is for price to go bullish, trigger the supply...
-Bearish continuation -Tapped into order block which is at a premium price -Looking to take out the lows that failed to make higher highs on 4h TF (liquidity)
Two trades I had taken on the pound dollar on thur-fri. In my opinion understanding what liquidity is and why it drives price is extremely important if u want to have any success. Understanding that if you don't enter on someone else's stop loss ; some one will enter on yours and that its a 0 sum game. Just remember when you enter a trade there is someone else...
Expecting a liquidity sweep and order block mitigation then continuation to the downside.
NAS100 - Daily Crab Complete (Potential short swing) Price is breaking structure to the downside and we have another potential crab forming (I'm scalping this both directions intraday) But from a higher TF Bias I expect price to break the 1H low if the current high holds! Let me know your thoughts?
GBPCAD - I'm waiting to see if PA breaks the Daily Lower High (Close to the X point) Price broke structure on the weekly to the downside and daily is also bearish, right now we have a 0.382 pullback on the weekly which has created the new Daily lower high, price is at a pivot point, could go either way. We have trapped liquidity above and also imbalances to fill...
USDCAD - Looking for price to pullback to fill the imbalance or hit one of of my other confirmations, I have 3 possible entries here that I will take if price pulls back, the safest one will be on the line of the D point of the butterfly, because the retracement is the deepest and it's close to the DL which is now trending up, ill take all 3 on LTF but for a swing...
15m Crab, looking to take some pips from the London open trap/imbalance fill along with BOS on the LTF
US30 - if 35000 holds we may see new highs and a completed daily crab!! However, we do have many strong resistance points in the way for that to happen (Nice zones of interests for potential short scalps or even reversals) If price breaks 35000 then we're potentially falling back to the lows!
EURNZD - Multiple sharks completed with D point landing on refined Daily OB's, price has broken structure on LTF and looks like its reversing, however I want to see another test of the lows/rejection before I potentially enter this long!
Waiting for the selling liquidity to be taken out. Entry is a 30 min order block in the middle of the wick. Plotted roughly. I mainly use MT4. Then I am looking for a drop to take out the buying liquidity.