Disliked{quote} This is not a real time trade unless i am missing something here, yesterday you entered at 2751 the trade went into a lot of drawdown , however i do not know your tolerance on that. Today in hindsight your chart reappears with a new trade with an entry more or less at the bottom of the swing with a perfect entry. I am not disputing this is a live trade , however this is posted after the fact and you should abide by your own standards.Ignored
Hi Pipfarm,
Thank you for your comment.
The concept of "foresighted" trade calls began with my previous post, which included a complete chart and its projection. (see chart below)
I believe that this is the best way to provide traders with valuable insights and help them make informed decisions.
I appreciate your feedback and this are very constructive feed back I got from fellow trades with respect.
Disliked{quote} GU Great analysis Thanks for sharing it. Seeing the same set up. Projection going up for LQ until tomorrow CPI. Waiting to go LONG @ LTF rejection{image}Ignored
Structure and Chart formation
(read with charts below)
The chart below shows my trade map and projection for the upcoming trades.
Entering the first block of trades is always risky, as it requires the trader to be willing to absorb any drawdown that may occur.
In this case, even with a minor drawdown of 37 pips, the structure of the trade remained intact throughout the negative price movement.
This suggests that the market maker was simply trying to sweep out any remaining liquidity below my entry level.
To be honest, I cannot pinpoint the exact location for N3.
However, I will only enter trades with low drawdown and add my second block once the price reaches its lower liquidity zone.
I'm glaad to share my though process in taking those trades and look forward to share my view on question form others.
P/s This is the kind of feedback I am looking for, as it will enhance our ability to become knowledgeable traders by sharing our thought processes.
Thanks Pipfarm.
I come from the future.
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