Looking for a potential liquidity trap on Pound Yen today on this standout low. This looks nice for a quick shakeout as it's the only low formed since breaking 138.2's so trying to hunt the stops here. Will need confirmation to enter i.e. a break below and close above, showing that traders are trapped in positions. Will target the FTA.
Looking for a potential continuaion to the upside. We have clear indication that institutional orders are in the market due to these lows and stop runs. How can we use this to find high probability setups? Institutional traders act differently to retail traders, retails don't have anywhere near the same size capital so they accept a % loss whenever they place a...
Still looking at a trap for Liquidity on Cable going into this week. There are some nice lows that I'm looking for failure around providing a high probability move to the upside (targeting the FTA - First Trouble Area). Why do I trade these liquidity traps? Reason 1 - Because when price breaks structure, the breakout traders have their pending orders (Sell/Buy...
I see a potential Liquidity Trap above this high on EU. There's going to be a lot of stops above this high as It's a fair swing point and as we know retail traders love having their stops above/below swing points. If we can fail to close above this level I will short to the FTA highlighted by the horizontal line. "Why are you certain there will be a reaction...
Second liquidity trap of the day. Such a simple setup, and such a simple ethos behind the strategy. Find where others are going to get stopped and stop them out. Usually US Bank Holidays are quiet and I'm not so active, but today we've smashed the liquidity traps.
This is a textbook pre-London setup. During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of. This was a simple 0.7 R trade that I was in and out of within 45 minutes. It amazes me that traders still put their stops...
Looking for a potential Liquidity Trap here to trap new sellers predicting a change in trend and squeeze out current long positions. I am looking from an institutional point of view, where liquidity is needed before a further move to the upside. This area of business (blue rectangle) interests me as we have nice prior lows where there will be a lot of stops...
Looking at Euro Dollar on the hourly today there's only one real area of business that intrigues me and it's this area of high liquidity between/above these two prior highs. We could look to take advantage of a Liquidity Trap (LT) here as price will be above previous highs and breaching Daily ATR. Essentially what we're looking for here is traders taking profits...
I have been pretty bearish on Gold for a while now, as I think price is currently running on delusion and greed. We've now broken a 3-touch level with a nice clean bearish H4 candle. I would like to see a nice rounded retest giving us a 50% fib retracement confluence from the most recent Daily swing points. The cause for the sudden drop today is the unexpected...