Here i go through the trade i took on GBPJPY that resulted in a -1% trade but the lessons that come out of it are pretty insightful. Trading on the lower timeframes can get noisy at times and if we can we should keep to the higher timeframes as much as possible... 15min probably being the lowest for me. If you are not going over previous trades and trying...
In the video i run through my trade on EU this past week, what i was thinking, how i entred the position, what i couldv'e done better etc. mainly using smart money concepts
Here i run through some of the smart money conepts that could've been used to catch the buy setup on nas100 yesterday.
Here i run through how i view the market from a smart money concept point of view. The 4 main things i use in my trading/analysis is the following: 1. Structure 2. Identify BOS (break of structure) 3. Liquidity and imbalance 4. POI/OB (order block)
Educational video on your risk entries vs. confirmation entries
looking for shorts off our 4hr bearish order block to take us down to our daily OB where can then look for buys again
Price is currently in a bullish sequence as it impulsively broke our most recent highs. It is now correctively falling back into our pocket of demand, we also have a falling wedge pattern which is a bullish reversal pattern and the 3rd touch lines up with our pocket of demand. We have other confluences such as a fib level which i have left out to keep the chart...
Video speaks for itself, leave a comment as i would like to hear what your thoughts are on the trade setups
A short look at my thoughts on this trade and what I could have done differently/why I entered the trade.
Just using this as a journal to refer back to... having looked at the chart again i could've held the trade a lot longer
Use proper risk management and please note this is not financial advice but simply for educational purposes
We have a few cnfuences which falls in line with my trading strategy: 1. Price is at a key level of resistance 2. We can see slight divergence on the 1hr timeframe 3. The moving averages have crossed to the downside on the 1hr timeframe 4. We have had a strong push which makes me believe that a pullback/exhaustion is in order As always respect your risk...
We have the following confluences: 1. Prce at a key level of resistance 2. big bearish engulfing candle 3. Divergence on the 15min timeframe 4. Moving average crossover on the lower timeframe. 5. Break and retest of structure on the 5min timeframe (support now acting as resistance
CADCHF looking poised for a big push to the upside...
GBPUSD looking like a great short opportunity if you missed it at the highs.