Dropped this also last week... Did crazy risk to reward although I wasn't in... It was a wonderful opportunity... Correct analysis ✅✅
Good morning guys, Happy Sunday. Dropped this high probability CADCHF setup last week... And it did just as we predicted... Personally I didn't get an entry because it didn't present my entry criteria but I'm pretty sure it met some other person's rules and they banked on it.... Would have been a madd Risk to reward trade... Follow for more like this... Will be...
First the daily orderflow is bearish... Its not a must that price returns into a particular TF's reversal zone.. it can decide to reverse from anywhere it likes provided momentum is to the downside. ON the H4 timeframe we can see price (according to the Dow jones principle) has broken two lows to the downside thereby putting in motion bearish orderflow on the H4....
Hello friends, its a beautiful Tuesday morning and AUDCAD is cooking up something nice for us.. First the daily timeframe, Order flow is bearish, price has retraced into a Daily reversal zone marked with the red and blue fib. Price has taken liquidity at swing highs on the H4 and within the daily reversal zone price has printed a Weak hands pattern (1hr)...
According to my rules... The moment price closes above my POI on my confirmation timeframe, it's invalidated... No trade taken, no loss taken.
The daily timeframe hasa Reluctance play to the upside thus a bearish bias... The H4 follows and prints a Weak hand pattern plus a reluctance play as well... The zone marked blue and red is my POI and I applied my entry model (the DM_FX entry model) and got an entry... I'm B.E right now... Looking for price to get to the 163.0 area.
Weak hands here on the H4, would be waiting in the zone for possible shorts... Remember to always confirm your zones.. because it puts probability on your side. Isn't that what we all want as traders? to put probability on our side?? Lets watch the zone and see what happens.
Hello Friends, happy new week. NZDCHF's dominant trend on the HTF is downward so here on the 4hr timeframe, a reversal setup (what you have on this chart is the most simplified form of whychoff) has been printed to potentially continue the Overall bearish Trend that the market has been in Since... I'd be applying my entry/confirmation model within the red and blue...
Its important to have invalidation points for your trade ideas ... this will help you avoid FOMO and also enable you switch biases quickly and accurately. So far this week I have not entered any trades simply because I could not find any Good trades that meet all my rules... these rules have been tailored to put probability on my side ... isnt that what we want...
Based on reluctance... Gold is going to 1670.. Got in on a short around 1720 but got stopped at B.E... watchout ... 1670 incoming.
Good day guys and girls, as a follow up to my last post I mentioned how I have been bearish on USOIL the whole time... well... here you have it.. my personal system is quite conservative so not too many trades present themselves... but when they do we know that probability is on our side. Isn't that what we as traders aim to do? put probability on our side? Now...
Good day friends... spotting reluctance has really helped my understanding. From avoiding being caught in the wrong direction to forecasting, to setting targets....spotting reluctance just puts probability on our side... isn't that what we want as traders? to put probability on our side? So you may ask, how do we spot reluctance... going back to this UKOIL chart,...
Good day friends. Its Thursday, maybe we can still see moves happen? The daily has made two consistent higher highs (by my definition of higher highs of course) and I was expecting a continuation of the bullish trend from the place marked with "$" but then I noticed that there's liquidity sitting below the demand zone. According to my rules a Demand zone should...
Good day friends... From my last post I shared how I have a bullish bias on XJPY pairs. And here sits beautiful EURJPY giving us a bearish setup 🤣... Am I looking to go short ? Answer is no... Why ?... In simple and plain terms ... Audjpy, EURJPY, CHFJPY, NZDJPY, GBPJPY are all positively correlated so if 4 out of the 5 have ruptured bearish order flow it's only a...
Good day friends hope you're sticking to your plan and hope you're having a good week.. XJpy pairs sustained a downtrend majority of last week but coming into this week they have decided to resume the uptrending. With my style of analysis I'll be waiting patiently at the 4hr zone marked with a Red and blue fib (a demand zone) to see if I'll find an opportunity to...