The_Peaceful_Trader

05:06

The_Peaceful_Trader Updated 

Here's a challenge for you: How many places of built-up liquidity can you spot on this chart that indicated where price is heading to...? Post your chart below. Admittedly this isn't the easiest environment to trade in, but still the clues are there. Plus: DXY Dollar is weak for now, so XXXUSD seem more likely to be Bullish. Now we stalk it and wait to see...

The_Peaceful_Trader Updated 

Based on a strong AUD and weak JPY - see the currency index charts. We've had a rejection off an area and Weekly candle last week closed engulfing - confirming bullishness. Major news this week may create the conditions for volatility. Will wait for a reversal pattern in price action before confirming the Buy.

06:53

The_Peaceful_Trader Updated 

This is a top down idea from the HTF M > W > D1 > H4 charts All the clues of the price action are indicating higher prices on crypto - explanation in video. One thing I didn't mention is that we also have a weak DXY (Dollar) so that adds to the idea of strength in XXXUSD pairs. Reasons for choosing XRP over BTC is that XRP created a higher low, indicating more...

02:14

The_Peaceful_Trader Updated 

Market is overall uptrend after previous low showed the reversal point to head higher. Bias is for the Buy However, FOMC can produce volatility so we can have spikes in both direction. There's a Sell scenario off an H4 gap. But the preferred idea is to head lower, getting a better price on the HTF, then continue to the Equal Highs / Double top, taking out the...

04:09

The_Peaceful_Trader Updated 

This swing takes into account Liquidity points on all timeframes. We are bullish on Monthly, Weekly. JPY is weak - showing a reversal to the downside. Weak JPY = Buy scenarios on XXXJPY pairs. We have a bullish reversal in the form of a gap down and engulfing Daily candle which closes higher. Looking to take more entries and scale in as we head to the...

The_Peaceful_Trader Updated 

Reasons for this setup being higher probability: HTF is bullish because of the doji on Monthly and momentum on Weekly chart. We've created a protected low, confirmed by Divergence with GBPUSD. Market created momentum higher. We're now in a retracement phase. Looking for the market to flip up with a reversal pattern on the LTF before entering. Continuing in the...

The_Peaceful_Trader Updated 

NOTE: This idea is counter-trend, so lower probability Looking to come back into fair value below. Trading the retracement. We're sitting at an area of interest where market is reacting from. As long as we don't break the highs, then looking for a quick Sell for today. Not holding over the weekend.

The_Peaceful_Trader Updated 

Analysis of overall situation: We had a strong push up (to the left) We're now in a retracement phase. Usually there are 3 pushes down before the retracement is done. We're on that 3rd push phase. I'm looking to Buy overall, so this is a short-term scalp in line with the retracement. (The Buy scenario is the orange SnDR zone lower) H4 candles still...

The_Peaceful_Trader Updated 

Counter trend scalp idea Watch out for volatility with imminent news