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Liquidity and Structure

  • #121
  • Nov 25, 2022 12:51am Nov 25, 2022 12:51am
Quoting Inthebox
watching asian low / round number. {image}
what's your bias?
  • #122
  • Nov 25, 2022 1:08am Nov 25, 2022 1:08am
Quoting ykpuffy07
{quote} what's your bias?
short on retrace.
ITB - Seeing Orderliness amongst 'Randomness'
  • #123
  • Nov 25, 2022 1:45am Nov 25, 2022 1:45am
Quoting Inthebox
watching asian low / round number. {image}
I pick Eu for short since it has better minor CHOCH at 1h.
GU i get hit twice ytd
And hvnt really has what choch show yet.
but we are buying usd , hopefully dxy can make some up push first
PA Return This Week: -3.3%
  • #124
  • Nov 25, 2022 1:49am Nov 25, 2022 1:49am
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PA Return This Week: -3.3%
  • #125
  • Nov 25, 2022 2:00am Nov 25, 2022 2:00am
Quoting LeongPuiy
{image}
Gu daily chart indeed looks bearish, but it might be a ranging day today
More time in the market, does not mean you trade better!
  • #126
  • Nov 25, 2022 2:03am Nov 25, 2022 2:03am
Quoting Fardeen1209
{quote} Gu daily chart indeed looks bearish, but it might be a ranging day today
I waiting if it can reach 1.0380 first then closed most of it and keep small for 1.03.
overall trend still bullish for now. Until bigger tf CHOCH then i may try to hold longer.
or buy dip .(EU)


and now i try to ser rule for marking high and low,
if current price pullback and reach or break the first recent low then is valid for high,
for low , if price pullback or break recent high.
still backtest and watching it.
because i seem slow react when small tf CHOCH or miss big tf form new low at uptrend or new high and downtrend.

edit: just see that you saying gu , my bad
PA Return This Week: -3.3%
  • #127
  • Nov 25, 2022 2:10am Nov 25, 2022 2:10am
Maybe this area for gu confirm 1h drop to form 4h higher low.
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PA Return This Week: -3.3%
  • #128
  • Nov 25, 2022 2:12am Nov 25, 2022 2:12am
Quoting LeongPuiy
{quote} I waiting if it can reach 1.0380 first then closed most of it and keep small for 1.03. overall trend still bullish for now. Until bigger tf CHOCH then i may try to hold longer. or buy dip .
I am currently short, and wont probably trading for NY since i'll be watching world cup matches, but since it is Friday and the daily chart for GU making some bearish candle, i'd probably wont buy.
The swing trend is bullish, but after an extended up this week, with no economic data today, some correction is needed to grab liquidity below for more weekly up next week, if she wants to go up.
The down movement may be extended on Monday Asia, to lure more shorts in, then a sweep might occur on Monday LO

However, later today day something bullish might pop up, then change the whole view.
Being wrong is the other 50% of the game.
More time in the market, does not mean you trade better!
  • #129
  • Nov 25, 2022 2:14am Nov 25, 2022 2:14am
Quoting LeongPuiy
{quote} I waiting if it can reach 1.0380 first then closed most of it and keep small for 1.03. overall trend still bullish for now. Until bigger tf CHOCH then i may try to hold longer. or buy dip .(EU) and now i try to ser rule for marking high and low, if current price pullback and reach or break the first recent low then is valid for high, for low , if price pullback or break recent high. still backtest and watching it. because i seem slow react when small tf CHOCH or miss big tf form new low at uptrend or new high and downtrend. edit: just see...
Both EU and GU are highly correlated, each one pull each other.
For real, i apologized, i quote your EU chart and is discussing GU
More time in the market, does not mean you trade better!
  • #130
  • Nov 25, 2022 2:16am Nov 25, 2022 2:16am
Quoting Inthebox
watching asian low / round number. {image}
broke asian low and retraced.
done
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #131
  • Nov 25, 2022 2:24am Nov 25, 2022 2:24am
Quoting Fardeen1209
{quote} I am currently short, and wont probably trading for NY since i'll be watching world cup matches, but since it is Friday and the daily chart for GU making some bearish candle, i'd probably wont buy. The swing trend is bullish, but after an extended up this week, with no economic data today, some correction is needed to grab liquidity below for more weekly up next week, if she wants to go up. The down movement may be extended on Monday Asia, to lure more shorts in, then a sweep might occur on Monday LO However, later today day something bullish...
Usually friday one way ticket, need to careful.
profit taking also may possible after big push, EU was push higher first then slow down , and ytd Gu pushing high, while eu and dxy ranging at small range.
PA Return This Week: -3.3%
  • #132
  • Nov 25, 2022 2:25am Nov 25, 2022 2:25am
Quoting Inthebox
{quote} broke asian low and retraced. done {image}
But dxy tested asian high n drop
PA Return This Week: -3.3%
  • #133
  • Nov 25, 2022 2:25am Nov 25, 2022 2:25am
gu large resistance zone, so lots of ranging.
therefore take 15-25 pips suffice for me.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #134
  • Nov 25, 2022 2:34am Nov 25, 2022 2:34am
presently ranging inside asian range during london open.
no trade until one side is broken.
however mindful of double high bsl.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #135
  • Nov 25, 2022 2:44am Nov 25, 2022 2:44am
Quoting Inthebox
presently ranging inside asian range during london open. no trade until one side is broken. however mindful of double high bsl. {image}
Can i ask what BSL stand for?
PA Return This Week: -3.3%
  • #136
  • Nov 25, 2022 2:56am Nov 25, 2022 2:56am
Quoting LeongPuiy
{quote} Can i ask what BSL stand for?
buy side liquidity.
those who shorted earlier, placed buy stops there.
when price reached that level, buy stops got triggered.
if there is no sufficient and genuine buyers, price came down again.
some called it fakey, false break, stop hunt or whatever.
ITB - Seeing Orderliness amongst 'Randomness'
  • #137
  • Nov 25, 2022 3:00am Nov 25, 2022 3:00am
Quoting Inthebox
{quote} buy side liquidity. those who shorted earlier, placed buy stops there. when price reached that level, buy stops got triggered. if there is no sufficient and genuine buyers, price came down again. some called it fakey, false break, stop hunt or whatever.
I see.
PA Return This Week: -3.3%
  • #138
  • Nov 25, 2022 3:41am Nov 25, 2022 3:41am
Just my view for DXY.
remark: those line doesn’t mean liquidity.
just that i mark as structure high and low.
and i still dnt hv any specify rule yet for where is correct inducement or liquidity part.
my order block rule is there is imbalance nearby and has wick or closed above the previous candle (short side/ supply) ; imbalance nearby and has wick or closed below the previous candle ( buy side/ demand).
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  • #139
  • Edited 4:05am Nov 25, 2022 3:55am | Edited 4:05am
Quoting LeongPuiy
{image}
This time i closed most of it at around 1.0384-88, keep 20% order for run. Stop lock few pips.
entry was 1.0315-1.0325 and still 2 order above 1.043.
PA Return This Week: -3.3%
  • #140
  • Nov 25, 2022 3:58am Nov 25, 2022 3:58am
Quoting Inthebox
{quote} broke asian low and retraced. done {image}
same type of pattern.
different time frame.
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ITB - Seeing Orderliness amongst 'Randomness'
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