I look to favor the bear during this week because the price has reacted off of the daily bearish fair value gap. Scenario to confirm bear: 1. If Monday reaches Friday's high and breaks down. 2. If Monday ranges in between Friday's range, then Tuesday takes out Monday's high or there is divergence compared to the dollar pairs. 3. If Monday breaks down below...
High-impact news on Dollar at 9:15 am est (I said 7:15 am est in my video ). Reason to buy US500: 1. Price is in H4 +OB & H1 +breaker 2. Price above New York midnight open price. 3. Buy signature: Turtle soup buy Buy objectives: a) Friday & Thursday's highs b) Daily -FVG Reason to sell: 1. Price takes out Friday/Thursday's high 2. Break in market structure 3....
DXY on the higher timeframe looks to be stuck in between two PD Arrays which are the Weekly Bullish FVG and Daily Bearish FVG. So this week is expected to be in a tight range as proven by Monday through Thursday. Coming in expecting tight range I use the one minute market structure to deal in the market place.
I don't usually trade the EA but I had to test my model when it was presented. Price being at an only Monthly low I expected a revert in price.
A little scalp in the market on a Monday for a 2:1 R-multiple. I am not risking more than a percent given it's Monday and price did not dig into the price zones I was expecting, I demand my price. The setup in NY open is a Turtle soup and OTE setup. No USD news High or Medium today.
This is just to motivate myself to trust the process. Pure price action using the right tools to dissect the market is key.
My weekly setup for the 30 yr Bonds panned out. Although price didn't dip into the PD Array I was eyeing but I was quick to recognize the setup when it happened and that was the way price reacted to a short term low (previous day's NY session low). A Turtle soup buy setup and 5 OTE setups were available an hour after NFP release. Key take away: Wait for the OTE...
Looking at the higher time frame analysis on Bonds, Bonds finding support and confirmed on the lower time frame. Price bounced off the Daily Breaker & Orderblock and had a nice Asia OTE setup. The high impact news in NY open might give an OTE to drive price higher.
I was wrong in my Dollar bias and I could spot a potential support that would hinder my initial bias on the Dollar. My mistake was that I did not monitor that potential support area(plus my internet went out), looking at the M15 price looked like OTE long on Dollar and that should have bugged me to investigate and monitor it on the M1. And for price close to an...
Assets traded AUDJPY, EURUSD & AUDUSD AUDJPY Bias is Bullish: Reason is because price is inside a Monthly Bullish Orderblock, H4 shows a Break in Market Structure, AUD interest rate is higher than YEN. AUDUSD & EURUSD: Reason I bought is due to DOLLAR in a H4 Bearish Orderblock and below rests equal lows, hence DOLLAR objective intraday is Bearish and foreign...
Stock bells ring US Equities in a range. I used the lower time frame to frame an intra day setup. Aiming for reasonable support areas to take partials. OTE is the signal that was presented to sell.
Why was the reason for making the decisions I made today? What CAD taught me today and my projection of its price in the future. Learning liquidity is the most vital part of Price Action. Risk Management is a very vital topic for me personally working on it heavily together with my psychology.
News Event: CAD High Impact @ 8:30 am est, No Med or High USD news Dollar: Bearish Flow on H4, aiming for equal lows US Equities: Bullish Flow, aiming for Clean Daily Highs Dollar Crosses: Bullish Flow, aiming for HTF Premium PD Arrays. The GBPUSD wasn't convincing to buy during NYO, but then the Dollar showing strong indication to go lower and some patience...
Dollar price is close to a liquidity pool of equal bodied candles sharing a price of 94.577. Now that price has a Bullish structure, I'm expecting the Bullish Order-block to show support and a confirmation tomorrow London or NY Open .
ZB was clearly Bullish based on the Daily bias. I was trying to sell today in NY and my position got stopped out. ZB had a Daily sell side liquidity and formed a Bullish market structure shift on Monday but stalled till the next day, moved in Asia but I am inactive during that time. NY open Tuesday formed a Bullish OTE, and today price hit the Relative Equal...
US Equities Setup @ NY Session Draw on Liquidity: Equal Highs Setup: Bullish OTE I selected the best and clearest setup between Dow, NQ and ES (SP500)
ZB Setup in NY session: OTE Short 1. H4 Bearish Orderblock 2. H1 Bearish Market Structure 3. M15 OTE Short @ 9:30 AM EST
Dow Jones (YM) Target: Buy side liquidity Setup: OTE long Confluence: 1. Bullish Break in Structure 2. Bullish SMT Divergence NQ = LL; ES = LL