karkinase:

No red folders today .. make retail boys enjoy small na

realone12:
😂😂😂 although us30 is more volatile, but not as bad as gold in my opinion. gold literally sets traps everywhere.. if one trap doesn't catch you, the other ones must surely catch you 🤣

Davigle:
so here's my analysis for the week
DXY
1M: there's an imbalance(fvg) which was made on the Fri Apr 01' 2022, price rejected off the imbalance multiple times which can be clearly seen by how last month candle closed.
1W: we have a balanced price range as price filled up an imbalance made on mon july 03' 2023. There's liquidity (buy stops) residing above the imbalance @ 103.543 in form of relative equal highs.
1D: the relative equal highs can be clearly seen, which is our draw on liquidity (DOL), wether price gets there or not is irrelevant, but that's where price is likely to gravitate to.

Davigle:
EURUSD
1M: last month candle clearly rejected off a bearish orderblock (-ob) made on wed Dec 01' 2021.
1W: the candle of mon june 12'2023, shows an imbalance, and within that imbalance, price made relative equal lows, which is in confluence with the imbalance there. Therefore liquidity seems to be residing below those equal lows in form of sell stops @ 1.08354.
1D: multiple rejections can be seen from the bearish orderblock of wed july 26'2023. the last rejection formed a swing high which will push price lower. the low of wed Aug 02'2023, is the next draw on liquidity @ 1.09124.

Geovanni412:


Eazy solution....

Market ranges 70% of time

So, if you are doing market analysis on weekly

Entry pts:
Your short order should be from the weekly high or open (if the bar was bearish) and from the weekly high or close (if the bar was bullish).

Depending on circumstances, you can short at middle of previous weekly bar as well but never short at weekly low

Instead short from 0.5 of the weekly range, if you see the right signals. (See e.g below for clarity)

Stop loss considerations:
Short at key levels from the previous week then use wide stop loss of like 60 pips initially, later on you can reduce it if you like.

Example:

Entering into a new week with eurusd

From the chart, you can see this
H - 1.106
C - 1.094
L- 1.092
O- 1.100

From this, if you believe it is a sell order, your entry should be from 1.106 or from 1.100

If you believe it is a breakout trade, which market rarely ever does, then you should consider using your trade method, entry from here : L - [(H-L)/2 ] = 1.092- [(1.106 -1.092)/2]
Answer = 1.085

So, your third possible consideration for short would be from 1.085 zone, but note that it is likely that the market may range upwards from there as well

If you do a backtest of 3-6 months or longer, you'll notice that this is how the market moves on the weekly

N/b: these rules are also applicable to the daily chart

EASYLIFE4US:
I dream where I stumble on one powerful edge for my system wey fit give me 100% ROI within 30 trading days.since wey I wake up i dey para as I don look for the edge tire as e dey for dream, I no see anything 😪

rainlover:
I sold gold @1930

Winnerrrr:


Thanks for this indepth explanation, I'm actually trading the daily candle and surprisingly this is the exact same way I trade, my biggest obstacle seems to be knowing the direction the market will go.

When I'm bullish, I look for the low of the day during London and make an entry, most of the times after entry, the market will reverse take out my stops and continue going down and the end of the day I'll see a giant bearish candle on the daily timeframe, vice versa when I'm bullish.

how do you conclude on a directional bias from the higher timeframe with a high probability?

Winnerrrr:
Karkinase, can you spot this bullish OTE in EU on 15 minutes.

Is is ripe for a buy?

karkinase:
Today Monday we are sellling and sinking everything to the ground

zonall:
My first perspective for the incoming week.

XAUUSD {M15} - BUY LIMIT
E: 1907.5
S: 1904.5
T: 1931.5

RR - 1:8

Do have a pipful week. 🥂

Donsheddy:
WEEK 5....

Working with the plan we increase the lot size and risk a a bit so we using 1 lot this week....

Gbpusd was sold this morning

Yetown is also good at this. Boss, show me a plan to scale a $500 (3 phase) account

karkinase:
Exited all sells, seems USD is tryna play smtin funny

RKTexpert:

@fundingpips

iichidodo:
Check out Coconut head 's attempt to win instaforex weekly sniper challenge with account number 68508217... https://www.instaforex.com/contest_forex_sniper#participants....Follow the action to see whether he will continue to use his cheat or Coconut head...For now, Coconut head is at the top with 10536...pls pray for Coconut head.