MY Journal-phil13

Hey phil,

My thoughts on these moves are in line with yours. Was easy to spot the algos shading to and bouncing off of the OB/liquidity area, return to equilibrium/fair value then sell off again to the liquidity area. I missed the opportunity at the first return to equilibrium but managed to get on the bus near your second entry. I tp a little sooner though as I also felt the pa was weird... lots of rejections off the 12 ma but no impulse/jerking motion downward. felt like a labored move and eurusd was moving to the upside. Price is near the PDL and an h1 order block.

Question on trading after news releases. I need to go back and double check but I think I've seen you post trades where you fade the move after the news once it reaches a liquidity area of interest (but maybe i need to go back and look at the context). How do you decide which scenario is ok to do that? like if price move's opposite of the direction it "should've" gone based on the news and reaches a highly probably liquidity area maybe it was MM's gaming for stops/liquidity before it resumes real direction etc.

have a good weekend friend. Ill see ya in the markets monday.

Hi Dustin,

good to hear you are really nailing this now, looks like we both hit and exited just about right looking at the charts now, definitely P/A was acting very odd, well done for spotting these subtleties too.

if i enter with 1 hit and run or throw up to 3 scouts at it first depends on how i 'feel' mainly about the action i am seeing and what the new result to direction is, i can not really explain it, part of it is how confident i am about my entry but the rest is just pure 'feel' about it by what areas it is hitting, as you can see in my charts, i mark them up as i take the screenshot (when their is enough time) and my narrative of thoughts change sometimes during the trade which i put in the charts, trading is a game of liquidity hitting to be distributed throughout the charts, knowing how they play their game allows us to take advantage of them and ride on their coat tails.

good luck my friend and see you in the markets on monday.

how the week ended ......

i do not often trade on USD holiday's but i saw this move very quickly earlier (fti 'speed of the move' is important), so i took it, looks like it will come to nothing today as we are in a tight range as i suspected maybe it will produce a result tomorrow or just stop out at B/E at some point??

just these trades today, do not like trading USD holiday's generally so waited for about NY open to liven things up again......

we are at very high liquidity place but the fundamentals from yesterday and today are especially bad, the BOE is still in the market until the 14th.

trade from above chart.....

this is also somewhere to possibly watch for a trade, but remember BOE may be in the market still, so do not bring a knife to a gun fight as they say.....


i probably will not trade this even if it sets up correctly, i will likely wait for the news now before considering another trade. interesting to watch and learn from though.

ok, last trade of the day, will stand aside for FOMC mins, do not want to push my luck too much today, i think i had all mine now.....


hope you all managed to grab some pips as well today, i am not trading tomorrow or Friday as well i suspect, though i may be able to sneak in a quick trade about london open maybe, let us see what it offers us then. i will at least try to post the mornings set up charts.

today's charts.....

today's chart, i will not be trading today but it is the last day of BOE in the market.....

I wanted to post this here for a few reasons... To show that all your hard work here is getting through to some, to show anyone reading your thread that these setups work, and to save you some time from having to mark these charts up .

I have used some of your color schemes for the MA's/ chart setups/ labeling to make it easier to read and see which MA is which. I hope you dont mind.

my first entry was the second alternating bar on the very bottom but square right before news. Re-entry was labeled as entry. squared when pa stalled around purple MA

sidenote: There was a confluence of signals on the hourly chart that I dont have marked as I traded from another chart profile I use. that area had both a trendline and was a 50% fib level from the Oct 12-13th run up. Plus the CB was said to be in the market.

Hi Dustin,

this is great, you are definitely spotting the correct stuff and even the subtilties of the P/A as well, if does not matter what you call something the important part is that recognise it and know what to do with it, the 'alternating bars' you marked i personally call 'price fragmenting' and is a good early clue to add to you decision process, you rode that well from point to point my friend, well done. it looks like a trade i would of taken for the same reasoning.

you are very welcome to post here whatever you want as often as you want, it is great to see your progress.

i am sure our friend fti would proud that you are nailing this now.

how the week ended, lots of developments over this weekend.....

slow day so far, for me anyway....

........

trade from above.......

continued from above trade.....

first trade today.........

........... looking for another opportunity to present itself now.