Redistribution for the continuation play to the downside. Found a institutional candle that needs mitigation within the LPSY that formed during NY Session which holds significance from my recent backtesting. Found a few full volume candles at my POI on different timeframes which shows correlation and confluence. Measured the 50% & 80% as these two percentages are...
Have found the institutional candle on the schematic (Re-Distribution) from the 28th August that shows some price action that needs some mitigation. Found the 57 minute candle which was the most volumest before the big sell off breaking order flow causing another Re-Distribution. Another confirmation is that this specific candle was printed during the opening of...
Anticipating market to rally upwards to mitigate some of the orders left from the extreme which broke structure from the schematic. Orders are from the NY session so will definitely be buy orders in there that needs to be mitigated. Have found my most volumest candle which correlates on the 50m, 5m and 2m timeframes. Sell Limit off the 80% of the 5 minute and have...
Beautiful catch on GBPUSD before weekend Sell Limit off 80% of the 127M candle which initially was the extreme of the leg that pushed price to break the low from 01/09. Price has therefore come back up to mitigate some of the orders in the area which also holds some significance being in the NY session. SL set on the extreme high risking 6.6 pips in order to run...
Market has tapped into my buy limit perfectly. Limit was set off the ST-b which initially broke 3 points of structural highs. Found the most volumest candle which was off the 9m time frame and set my buy limit off 80% of this particular candle. This is where institutions sold to buy up therefore coming back to mitigate the last of the sell orders before taking...
Market tapped into my sell limit perfectly. Risking 6.6 pips in order to make 159 which is the extreme low of the structure. Lets go boys!
Marked up a Wyckoff distribution that was created during the 10/08/21-13/08/21. This holds significance due to breaking the recent low structure from 21/07/21 which was a swing low of the bearish orderflow. Market is showing bearish orderflow all the way from the April distribution and hasn't been showing bullishness since. Daily timeframe also showing bearishness...
Risking 8.8 pips for 318 pips which is at the swing low of this bullish order flow. Playing this trade off a distribution that caused a break of order flow which is going bearish. Found my most volumest bullish before the bearish candle which appears on the 22 minute timeframe which signals the most action. It also takes place within the NY session. Let's be...
Played off a schematic distribution. 3.3 pips risking. Great trade
Working off the UTAD from a distribution that managed to break multiple structural points. Showing signs of bearish order flow on larger time frames. Price has been walking its way up past week or so which could be a sign of coming up to mitigate some order in an around this area. I have worked my entry points off the most volumest up candle before the bearish...
Placed sell entry on an unmitigated order block from a Wyckoff distribution schematic. Found the candle I wanted to work off and measured 50%-80% of most bodied bull candle before the big sell off candle, hence the blue horizontal rays. Stop loss on the 80% and entry point on the 50%. Market tapped entry perfectly while risking 3.2 pips for a 42:1 ratio run down...