Short video of executing a trade. I was waiting for the price to drop creating swing highs. Once there was an energetic move up taking out Swing high ( you can see that on 1min TF) and also creating imbalance I decided to enter. 2.6% TP.
I usually trade with GBP/JPY but on this occasion, I saw an opportunity on EUR/USD. Price reached FVG on higher TF and bounced off creating a swing high which was taken by energetic move up. At this point, I was waiting for the price to come back to FVG . Let's see if my analysis were correct.
Since yesterday GBP/JPY was not showing any clear direction. Made couple of losses and one tiny win. I thought since for some time GBP/JPY on D TF going towards FVG and OB I'll try swing trading for the first time. Initial TP was set at 2% but now is 17%. It might take days or even weeks or not even at all to reach my target. ;)
Which way? any thoughts? What it looks like to me Price might go down to FVG on 4H TF but this is just a thought. If I see the price going up and then from 8.30 NY time I'll see the break of the recent low with an energetic move creating FVG then I'll enter short with SL above FVG and RtoR 1-2. Lets see.
From Sunday candle price start to fall down and at that point my bias was short. Today I waited for price to go above opening candle and start to go down to swing low on higher time frame. I took partial at 3.6% profit and rest I left to target my original TP. Moved my SL so in anyway I would end up with porfit. Hope this help.
I didn't know what to expect at night when BOJ was talking about interest rates that stayed at the same level. But what happened was GBP shoot to the moon. What I saw in the morning it was clear to me that Buyside liquidity was taken out and that created an opportunity to enter. Price started to drop down creating FVG on a lower time frame (3min). Then the price...
I never thought psycholoy will be so important during trading. I Panic during reversal and instead of making more percentage i settle with less but still in the green. Be happy what you got. Keeping your emotions at bay is so important. Work in porgress.
Nice 6% take profit using ICT Methodology. The first trade today morning was at a 1.5% loss but during NY Kill Zone I manage to recover and make some decent profit. But is not always like this.
As you can see the following: - weekly candle bullish - daily candle bearish - 4H candle - bearish In my probability, I can see two options on Monday (I WON'T BE PLACING TRADES ON MONDAY). One will bounce off (red) and create a high of the day and two (blue) will go lower to take out sellside liquidity creating a low of the day and then will go up to create a...
After nice drop in GBP/JPY and makink 40% I'm wondering if that was more to do with luck or my analisis. I did predict price will go down and I saw the build up, I wasn't expecting it will take that long and funny enough I wasn't aware of BOJ intrest rates news. However I got two posibilities, up or down ( like alwas). Main Sellside liquidity was taken out and I...
No trade for me today. It seems that price is stuck between Buyside liquidity and Sellside liquidity. Innitially I knew price will retrace to 50% on fib but not right away, it took a while. Now we know it's there and I would expect to start to go down today and make way to 164.400 or even 164.000 but to me is 50/50 = no trades. Please let me know your thoughts.
So far so good, the price reached Buyside LIquidity, and then during 8.30 News NY time, we had a massive sell-off to first Sellside Liquidity. I believe the price will retrace to 50% on Fib and then continue to another Sellside Liquidity. But just in case anyone wants to trade that than please make sure you have your Stop Loss in place. Please share your thoughts.
No trades for me today. I'm waiting for what will happen. I need HH or LL to be formed above Sun or Mon opening candle . Weekly candle - Bullish Daily candle - Bullish Common sense tells us to look for longs but if the price reaches Buyside liquidity then We can look for shorts. What are your thoughts?
I think the overall price will target Buyside Liquidity and then drop down to Sellside Liquidity but also I strongly belive that price will try to reach an Imbalance (4h TF)which is below Sellside liquidity. During London Kill Zone I'll keep my eyes on setup to go Long and once price action reach Buyside Liquidity I'll be looking to go Short and exit at second...
Sometimes trades don't go the way we anticipated but for that reason, we have Stop Loss. This Is one trade at the loss so far. One more trade and I'm done regardless if I make win or lose.
This Is part 1 on Market Analysis, Waiting for set up and taking trades. Hope this help.
I think this is one of the most distracting thing while you trade. If you are in the "zone" and there is a dog, child or your spouse around it is very difficult to focus on your trades. I did 5 trades altogether. Initially, I end up with a 6.5% profit but due to continuous trading, I end up with a 2% profit. Let's keep going.
I got two ideas but also there is a third one. The price might go to consolidation today and If nothing happens during London Kill Zone I might change the pair and look for setups.