In forex you have two candles. You have Bullish and Bearish candles. Bullish candles are candles that show price movement upward. Bearish candles are candles that show price movement downward. Every candle has an Open, High, Low, and Close. The meat and bones of the candle is consist of the candles "body" You will also see many candles have wicks at each...
This was a trade I took before the close of the market on Friday. Not highly proud of this entry but I gave myself a SL which was reasonable. The dollar index when bullish will mean NZD/USD bearish. The same can be said vice versa when dollar index is bearish (NZD/USD bullish). Aiming for HTF BISI and Lows to take partials or take profits.
We opened with a gap! This can be significant because trading gaps can be considerably "easy" Reason I say this is because if the market opens with enough voulme it has a high chance of gaping in price. Here the DXY gaped up, which lets me know the dollar has a bullish outlook. You will wait for the gap to be filled as it did here then trade in the...
Judas Swing in Bullish Conditions 1. Tight Asian Range 2. Break above Asian High (fake move) 3. Break below Asian Low (entry area) 4. Price goes long Where you enter and exit the market will vary. I would consider aiming for old highs, fair value gaps, gaps, or order blocks. Give yourself a reasonable stop loss as well
SL was hit but we are not stressing it. Can't win them all, but you can manage the amount of risk and trades you take! DXY is weaken and CAD is strengthening. I can assume this was from the Unemployment news and other medium-high news releases. We will look to get back in this currency pair next week.
Price is in high premium level. Looking to short as you can see. If we get stopped out then I take no more trades for the day!
Here is a clear example of price moving to an area of premium before moving lower and breaking the pervious day's low's. M.O.P = Midnight's Opening Price The midnight opening price reprices the forex algorithms discounted and premium level. Since my analysis on AU was bearish I was anticipating a move below M.O.P before entering the market. Looking to...
Looking to frame a long position under the M.O.P As price still looks bullish and has not come near any H.T.F liquidity zones. However it is Friday which is a closing day of the market heading into the weekend, I would not put pass me a larger retracement to H.T.F liquidity zones. Aiming for Highs or areas of money!
Here is a clear example of price moving to an area of discount before moving higher and breaking the pervious day's high. M.O.P = Midnight's Opening Price The midnight opening price reprices the forex algorithms discounted and premium level. Since my analysis on UC was bullish I was anticipating a move below M.O.P before entering the market. Looking...
Looking to short this pair based on my analysis. Will edit this post with more details on my thoughts and ideas.
As stated in the annotation on the chart, I want to see KIQ go long from here. We've had a massive expansion with a correction. I got in around .60 for 100 shares. I do own more shares just at higher price points sadly. If price goes lower than .55 I will take my lost and be okay.
Currently I see the dollar going lower. It currently is in a over brought market and has been falling for about a week. I would like to see the dollar fall below the equilibrium line (red line), then we can look for buys. We would for buys or long positions because of once it below that line price will be consider a discounted. In discounted areas the markets...