Sellsideliquidity
DAX SHORT (PAPER PRACTISE)Looked bearish after the middle green candle 10:15 couldn't push past the 9:00 open bear candle before the drawback (BSL) . The EMA's and the weakening of new highs gave me confluence that the internal SSL would be swept along with the 9:45 close SSL. Quick trade however should of waited for the imbalance to be filled ( double 1 m FVG) below the SSL and then close my positon to ensure that it is still a bullish market structure. Moved stop loss to 0 making it risk free after the 1m ticked past the first SSL. Entry and close marked at 11:45.
Probability for 07/01/23As you can see the following:
- weekly candle bullish
- daily candle bearish
- 4H candle - bearish
In my probability, I can see two options on Monday (I WON'T BE PLACING TRADES ON MONDAY). One will bounce off (red) and create a high of the day and two (blue) will go lower to take out sellside liquidity creating a low of the day and then will go up to create a high of the day.
After Monday I'll see where price action will go and what will most likely stay for the next two days which means I'll be looking for setups on Tue, Wed, and Thu.
Please let me know your thoughts.
1/6/2023 SPXBig move today!
First taking EQL liquidity and then deliver price through buy side liquidity.
How did I know it will happen if I don't know what macroeconomic numbers we will get?
Liquidity is the answer.
If there are more retail traders in bullish positions, market makers will move price down.
If there are more retail traders in bearish positions, market makers will move price up.
This works regardless of the market you are trading, the news that is, or the data that is presented.
News, the economic calendar and earnings report are just volatility to take sell side and buy side liquidity.
So the next time you are questioning yourself why the price went down, when GDP numbers went up, the answer will be just liquidity.
Question yourself of what you have been taught of technical analysis is really what it works, if that "double top" or "geometric bullish figure" will work if 95% of traders are looking the same thing.
Probability for 22/12/22 After nice drop in GBP/JPY and makink 40% I'm wondering if that was more to do with luck or my analisis. I did predict price will go down and I saw the build up, I wasn't expecting it will take that long and funny enough I wasn't aware of BOJ intrest rates news.
However I got two posibilities, up or down ( like alwas). Main Sellside liquidity was taken out and I see another build up but there is another sellside liquidity and massive FVG which was created during BOJ Intrest Rate News. I'm more towards going up but this is what Smart money wants you to think about it.
Please share your thoughts.
Probability for 14/12/22 So far so good, the price reached Buyside LIquidity, and then during 8.30 News NY time, we had a massive sell-off to first Sellside Liquidity.
I believe the price will retrace to 50% on Fib and then continue to another Sellside Liquidity. But just in case anyone wants to trade that than please make sure you have your Stop Loss in place.
Please share your thoughts.
Probability for 12/12/22 No trades for me today. I'm waiting for what will happen. I need HH or LL to be formed above Sun or Mon opening candle .
Weekly candle - Bullish
Daily candle - Bullish
Common sense tells us to look for longs but if the price reaches Buyside liquidity then We can look for shorts.
What are your thoughts?
Probability for 05/12/22 I think the overall price will target Buyside Liquidity and then drop down to Sellside Liquidity but also I strongly belive that price will try to reach an Imbalance (4h TF)which is below Sellside liquidity.
During London Kill Zone I'll keep my eyes on setup to go Long and once price action reach Buyside Liquidity I'll be looking to go Short and exit at second Sellside LIquidity.
Please share your thoughts.
Trading with Children.I think this is one of the most distracting thing while you trade.
If you are in the "zone" and there is a dog, child or your spouse around it is very difficult to focus on your trades.
I did 5 trades altogether.
Initially, I end up with a 6.5% profit but due to continuous trading, I end up with a 2% profit.
Let's keep going.