


Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down to and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing...
Took trade off daily chart as price came down below the inside bar cluster with clear rejection and a curvy bottom. The H4 also produced a second retest with a higher low and clean rejection. Aiming for internal high and a partial take profit at next highs - risk a little over 1%. Stop below newest inside bar low.
As I like to trade from the daily and h4, getting a decent long and short all in the same week isn't always the case. The price action has been interesting on GA this week
Price is contending with the a group of weekly down candles and its 50% area. Seeing the consolidation below the EQ (50% area) was a nice clue. We shall see if price can get up the prev weekly high, which we know there will be resting BUY STOPS!
If you love reading charts and price action in general, then we'll probably mesh well. Thanks for watching
As per the video it sees clear to me what we could potentially see going forward this week
As AUDNZD started to put a whooping on me, I then started doing my top down analysis (Ironically after having entered a knee-jerk short). Poor planning on my part and I see that I should have been long all along. A beautiful inverse head/shoulders with a nice compressed move back to the Quasimodo. It was interesting to note the fractal QM at the accumulation area...
Hear my supplication and verily shall you wax old of any legs to get long against me.
Looking for expansion risk less than 1%. Get legs GJ - Let's play
No one is perfect, but then again! What the hell is perfect? No one can show me "perfection" in the cosmos. Instead of perfect, perhaps "processes" is more along the lines of an appropriate word. Some might say a process is perfect but I prefer to think natural. Perfect isn't part of nature. This is my process! And, yes! I am influenced by certain methods, but...
As the chart states.
We shall see. Early test of the waters. H4 price action seems primed for a move lower. Arrow first target. Risk around 1%. Let's play
Sell stops taken now let's see if the other side of compression is reached...
I love counter trend trading, but it is risky. Let's see if the bank algo goes for the sell side liquidity.
The beast is quite beasty, but still churns out some nice patterns. I'm gonna soil myself (and am sure many others will too) if this thing rocks a break out to the upside. I see a lot of "short" analysis and I always like to assume that if the herd is thinking something, better to think the opposite. Guess we'll see.
We shall see, GJ is always fun to trade.
I'm so contrarian. Hey, price hit that nice daily bar's body average AND prior to the pocket of buy stops above - and often a retrace occurs. I saw some slight divergence via m1 and so stop is tight and reward as such.
Nothing complicated, break of horizontal support with retest, target at current low 2% risk in mt4