EURUSD: Long trade activeThe daily has been in a range for the last 9 days but there has been some amazing trading opportunities.
However, the H1 is currently doing battle between a supply and demand level and feel the outcome of this will determine where the market moves next.
Im not fully bullish on this move until we break that strong swing high. My stops are at breakeven.
Here is my entry on the M5:
Please be aware that there is high-impact CPI news today so be careful out there.
Supplyandemandzones
EURUSD: LONG TRADE OPENThe video describes everything you need to pay attention to. The most important lesson from this.
1. If you have an unmitigated supply/demand zone above or below your entry be very wary as the reaction could lead to your stop being hit.
2. Be more patient, wait for those zones to be mitigated first then wait for PA to develop.
I was a bit too impatient with this trade yesterday. My psychology got the better of me.
EUR/USD: TP HIT - NOW LONG FROM DEMANDIn this video i take you through my previous winning short on EU you can see that video here.
Im now long on EU from a daily area of demand with a nested H1 demand zone.
It looks like it could potentially take me out as it could go deeper into the zone.
So lets see
BEL - 240 MIN TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Can Someone Make an Institutional Script?I need someone to make a script that can constantly update its drawings and move these triangle area's around in real time so that i dont have to constantly change the triangles constantly, which requires a lot of time. If somebody could make a pine script that automates these drawings up to 30-100 periods in the futures then that would be a very powerful institutional trading tool!
GBPUSD SHORT H1/M51. H1-SZ has been mitigated, the zone was too large and way out of my risk parameters to take. So I'm looking for an entry on the M5 if the pullback is strong enough.
Looks like there is a lot of moment so it may not get filled.
2. We are now into the premium of the range on the H1 so this would be an ideal place for shorts
3. Always targeting the weak low for my swings. If the swing low/high is below my hard TP which is 5:1 i won't take the trade.
What could go wrong?
-We are currently in the discount range on the daily so the market could potentially push to the upside creating new daily demand without mitigating any daily demand below.
GBPUSD SHORT ACTIVE: M15I'm trying to keep my trading as simple as possible and just constantly keeping an eye on OF.
1. This was my POI this morning on the M15 for limit short as this is the zone that led to the previous BOS. (cs x1)
2. We have CH which pushed into the SZ you can also see the same thing happening with my previous trade.
3. The market also moved into the premium. (cs x2)
4. In plan to take 80% of my trade at the weak low.
5. Im going to let the trade run to see if it heads towards my H1 DZ.
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Daily perspective:
1. This daily DZ has my H1-DZ nested within it, could be a powerful move however it has been mitigated so there could be a short-term reaction and then a further push down.
2. This daily DZ has also been mitigated.
3. I think this daily DZ would be a prime choice to push the market back to the upside because there is buy-side liquidity here, not only that it pushes just out of discount prices and would break a strong swing low which led to the previous BOS.
GBPUSD SHORT: H1 / M15This trade happened during the Asian session on the H1.
There was no chance to capitalise on this on the H1 chart.
It would seem we have now turned bearish with H1-OF.
I waited for an M15-CH to put me back in line with the current bearish OF.
1. H1 OF is bearish
2. H1 has moved into fresh supply which led to a H1-BOS
3. We have moved into the premium of the range
What could flip this?
1. The pullback is not finished
2. If a pullback broke the H1 high id have to re-think my bearish stance.
3. We also have some fresh unmitigated demand zones on the M15
GBPUSD: H2 ACTIVE SHORTThe markets seem to be in alignment on the H2 and the M15.
1. The CH signifies for me a change of character but its not enough just to just jump into a trade, I need further confirmation to give me more confidence to trade counter-trend.
The CH for me signifies the start of the pullback then I wait for an internal i-bos to really give me full confirmation.
Now these 2 phases are complete I'm ready to activate my supply zone limit order at the zone that caused the i-bos.
Whats important to mention here is that this is all mechanical. there is no discretion, no emotion.
These things have to happen or I will not take the trade.
The aim of the H2 is trade as close to the swing high/low as possible so these positions are more set & forget, this is more based on lifestyle design more than anything else.
GBPUSD: Short still in play at extremesAfter getting taken our of my previous trade by a hair. Im back in again after short structural breaks.
I also have the H2 on my side as it's in the 1st phase of signifying the start of the swing pullback.
So let's try again.
What could go wrong?
1. Another LQS...boring...hehehe
2. Another extended move to the upside
3. This is very complex PA I could have missed something, but I've navigated this as best I can with my current understanding of this new structural method I'm testing.
Let's see how it plays out
USDJPY, Are the Bulls back in control?UJ was on a bearish run from 07/09-07/14. On the Friday before the market closed UJ reached a key daily Supply/Demand level and closed above the zone. In the screen shot above is a projection of where the market will go. To confirm the bullish run, price must close above the daily supply/demand area @138.776. Once the four hour candle is closed above the area, look for the next major 4 hour supply/demand area that price could possibly begin to reject. Once a pullback occurs and closes above either the daily supply/demand zone or 4hr supply/demand zone, take your long entries and hold to your comfort.
is this just a temporary bull market run or will the bears strike back?
GBPUSD: SHORT OPPURTUNITY IS POTENIALLY IN PLAYSo this seems to be playing out. HTF on the daily & H2 has played perfectly into a LQS.
Today is Friday and I believe a lot of people will want to take their money out of the market, so as mentioned in my previous chart up we could see some nice PA.
My mechanical structure has played out perfectly in premium and I'm looking for a short from M15 supply. I've extended my supply zone to give it room to breathe.
My target is just below the previous M15 LQS to the left as we begin to push into discount prices on the M15.
My R:R is 5:1 for day trades.
What could go wrong here?
1. The liquidity run could not be finished and my structure is a fake.
2. There could still be a brief liquidity spike on LTF that would take out my supply zone even at the highs
3. My supply zone could not be triggered due to bearish momentum.
All you can do is plan the trade and trade the plan.
What's important is that:
-I'm not chasing trades.
-I'm not buying in the premium.
-I've waited for my structure to inform me of my decision.
If it works or fails at this point is irrelevant. I have done everything by my book
GBPUSD: Potential resistance at daily supply or liquidity sweep H2 has been moving to the upside aggressively over the past few days. Which means there will be a lot of traders going long. In order for this run to continue there needs to be a pullback to take out stops and fuel the next set of order.
The 2 options I have called out on the chart are the most possible from my framework and viewpoint.
When the pullback happens I will be looking at the M15 orderflow to take advantage of the move back to discount prices.