AUDUSDFollowing the break of the inverse head and shoulder neckline which confirmed our bullish continuation run, retail breakout traders came in full force only for the forces that be to clean the table with a strong attack to the stops.
Todays low has been set and it confirms buy support from yesterdays low.
I am expecting more bullish run to the up-side with plenty of entry opportunities to come.
Stophunt
How To Avoid The Market Makers Stop Hunt Movement As part of the daily movement in the forex market is the stop hunting done by the market makers. They don't mean to hunt the normal and small trader at all, they are targeting the big investors and hedge funds you just happen to be in the wrong place at the wrong time.
As shown in No.1 this huge wick is an obvious stop hunt movement in this case the market makers are hunting the ones entered in the middle or at the end of the uptrend. Lesson learned here
"NEVER ENTER A TRADE IN THE MIDDLE OF A TREND ALWAYS WAIT FOR A RE-TRACEMENT"
In NO.2 after the price gave a good bearish signal ( hanging man candlestick ) it made a a shooting star candle with huge wick to hunt the stop losses. in this case lesson learned here
" WHEN YOU ENTER A TRADE WITH PRICE ACTION MAKE SURE TO PUT YOUR STOP LOSS ABOVE/BELOW IT WITH AT LEAST 20 - 30 PIPS"
In NO.3 when you trade you will see this low (blue line) broken so you would assume that it will continue to the downside and after you enter a sell trade NO.3 will occur. Lesson learned here is "DON'T ENTER AT THE END OF A SMALL TREND AND USE A GOOD BREAK SIGNAL"
And a last tip " TRY TO THINK AS A MARKET MAKER AND ANTICIPATE THE AREAS THEY WOULD HIT AND PUT YOUR STOP LOSS ABOVE/BELOW IT BY 20-30 PIP"
Bulls loaded, Weakhands out & long trades filled!After a couple day's, my long orders are finally filled!
We saw the pullback as expected towards the placed orders!
This could be a higher low followed by a higher high.
Price hunted some low's and landed (so far) in our entry zone.
For now, sit back, relax & let the market do it's thing.
Side note:
I placed extra take profit for this trade around ~$82.000.
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!
USDCAD, Short, 1:6 + available.Good morning ladies & gents,
I'm looking to short USDCAD today.
After price traded up to a D1 Bearish Orderblock, we saw a rejection and a market structure breakdown.
Today price has come back to retest the H1 Bearish Orderblock after that big drop yesterday to induce sell stops, price has come up to raid the stop losses of any retail sellers.
Looking for a continuation short from this point
Initial target is seen below for a RR of 1:6.
Good luck
- AmplaFX
DAX 14775.52 + 1.23% SHORT IDEA * PRICE ACTION & STRUCTURE BASEDHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DAX INDEX.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
some rules on exits & entries hope they help.
1. look at structure be it descending channels, pennants and so forth basically price action whats price doing.
2. If you use indicator determine does it align with your play e.g is it overbought/oversold where there market is it in a pull back to structure or continuing does price alighn with your indicator.
3. entries from 30M , 1H, 2H & 4H time-frames the higher the time-frame the more likely it will end up swing or long term.
4. aggressive trades can be executed on the pull back / or at ranges of structure that's when you are a scalper or your trade are Intra - day based
5. price action must definitely align with the plan.'
6. structure definitely
7. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
That's basically entry & exits plan basic guide lines
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
EURCAD LongGooood afternoon ladies & gents. After stop hunting past the previous D1 lows. Price has presented us with a bullish structure allowing us to take an optimal trade entry where price is currently sat.
Looking to scale out profits at these two key points as well as a few others on the way up.
Very high RR based trade.
STOP HUNT ALERT! Chart Awareness & EURUSD | 1.2020 is a hotspotI said two weeks ago we may get a trap move the first week of March. Keep in mind it is NFP this week as well. 1.2020 has been such an active spot over the last 30-60 days for EURUSD. Check my prior posts.
At the moment I don't have a bias on EURUSD and I will most likely be sitting out today, I want to see more behavior from price. If I had to choose a side I am still bullish until 1.1980 breaks.
I feel like what the market is presenting right now is a great opportunity to practice chart awareness.
You'll see that we had a completed head & shoulders last week, it broke out, and quickly reversed. I think we are going to make a run for these trader's sl's. The pattern was very obvious so many traders were eager to go long.
NOTE: These stop losses would be sell orders, since the breakout traders were long.
If we hit these stop losses by Tuesday we will have a double top pattern forming, this will trigger more traders short...but don't forget NFP is around the corner.
I think this could be a great opportunity for a market maker to buy up orders at a discounted price. The double top trades would also be SELL ORDERS
I don't have enough money to move the market, so just because I think this is a good chance to buy, doesn't mean it is, I need to see the actual market markets get involved, I only attempt to mimic them.
1.1980-1.2020 is a buy zone I'm watching.
IMPORTANT NOTE: February also broke Jan's low but failed to close below it on the monthly.
AUDSGD short setupAUDSGD after trade hitting breakeven, market has gone for a stophunt for the second time collecting the liquidity from the short sellers and also inducing buyers into the market, now we have closed back below the descending triangle and the W formation on the daily timeframe can easily still be completed at the neckline, if we close back below support we will re enter on the retest.
USDCAD - Support Hunt & FlyWe are caught in an ugly range on this pair, we are currently trading at a key supportive region which is most likely going to be stop hunted.
I would like to see a push below support into the liquidity pool marked before rejections to the upside.
We need to monitor the DXY constantly to see whether or not this move will be valid next week.
Major correction coming soon for Bitcoin?We see that Bitcoin is trading in a range since ~ 8 January.
What is this chart showing?
- There was a shift in Market Structure at the 10th off January
- After this shift we saw the Lower-Low
- I see Equal high's, those should get hunted (imo)
(My) Conclusion:
I placed my short order at 50% of the orderblock (blue). I think this could be a major turning point for Bitcoin. Price could easy visit $25000 region (FVG). Price could also drop lower to test broken levels that are (STILL!) untested.
Thank you for checking my analysis!
Do you have tips or other comments? Tell me please! I'm open for feedback!
Price consolidating, looking for break of support stop loss huntWe price channeled last night, with a little push and pull back.
After several dips being bought up, great opportunity to hunt the STOP LOSSES to help load up in the low 3 cent range.
After taking out weak hands, look for the push to new highs.
Buy the DIP opportunity, or adding when we test resistance could both be viable strategies.