This topic is aimed to discuss the Weekly Bias in the Forex Market & Trade ideas.
Though I will be sharing my analysis & study journal discoveries here.
Very excited to share ideas & knowledge in this forum : D
Good trading.
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Interesting to see how this pans out. Are you expecting it to terminate before the Fed report later?
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Hey, I am actually submitting to the time window of 11am NY time. Collapse 80% of my trade at that time & then leave a small piece into the close of the day.
I personally expect DXY to get into the 95.371 today
The report might act as a catalyst to send price to a premium for another round lower. I expect Dxy to stay heavy
Ah so London Close as 3pm GMT. So are you currently on ICT’s mentorship then? When did you join?
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I joined 2019 bro, Yes I submit to that time element.
& you ? Are you into his concepts ?
I am not sharing with the intention of selling his concepts by the way lol
Just that I have been thinking how fun would be to share my analysis with others! : D
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Don’t worry not going to ask what you aren’t going to offer. I learned mostly through his free content and enjoying his new classes on YT. Sounds as though he is letting the reigns go a little on this new series.
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Free content is more than enough! He is actually teaching mentorship level lessons there!
You can share your ideas or annotations here bro! That would be fun!
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I think it is. This whole drama going on with him and the other fella is all a bit weird to be honest. I know what I see in the charts with my owns eyes and it seems to make sense to me, regardless of all that noise.
Appreciate that buddy, will try and contribute where I can. Will be looking at your charts and trying to unpackaged them on my own too.
Collapse 80% why not 100? You should know when to hold for bigger targets with your entire position. Tune to certainty, track anomolies.
I like to pay myself & take partials along the way because of conditions like yesterday where I wanted DXY to go lower but noticed after London Close the manipulation took place. That did not hurt my account since 80% of the trade was taken already.
Now, Yes I had a target, I mentioned in previous commentary = 95.371. That was my focus, in case DXY reached that level at London close, I would still collapse about 90% just to see if it can go a little bit further. Terminous level in the best case scenario would have been 95.185.
That’s how I personally trade & I feel comfortable with, everyone is different. You might have a different way to do / see & still make money : )
I hope that answers your question.
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This is exactly what expected in EURUD, though it failed. I have a model defined, I am aware it will fail sometimes, but it wont majority of the time.
The cool thing is, even I was wrong as a whole, I could still manage to take partials & pay myself as it ran on my favor.
Notice price took previous day low & reversed, just as EURUSD did, one failed & the other didn’t. Same model.
Just putting the idea out there, you seem passionate about your discoveries<<<<
I am bullish on the dollar index. I am a scalper and day trader though. It seems price is seeking premium levels.
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The Yellow box ( VI ) is actually my draw / objective in DXY intraday that’s why I expect EURUSD to go into the 13.800 as the 50% of the range. I will wait for more info once it gets there. But I am still Bearish DXY long term until proven wrong.
Lets see how DXY reacts off the Volume imbalance, does it rejects it or break through it ?
Thanks for sharing your ideas by the way!