11.10.2019 analysis: https://www.reddit.com/Forex/comments/duoc68/uthefrozen_one_strategy_analysis_and_prep_gj/submitted by Rich_Foamy_Flan to Forex [link] [comments]
DAILY SUPPLY AND DEMAND ANALYSISMonday - Definitely a day ruled by the bulls. Referencing my last post, there was not a whole lot that my trade entries (chosen before market) allowed me to do. A bit past the upper side of my chosen entry zone you will see a double top, and on the M5, it makes a pretty clean M pattern. However, because it was so extended, I simply didn't want to jump in and "Guess the Top". Those with better analysis than I may have seen the turning point as the perfect short, as it lined up with a high made on Nov 7 at about 10:45 just perfectly. Personally, I think it is difficult to decipher demand from noise on the M15, but today was a learning experience, as I was surprised to see so many levels blown out of the water by London's early moves. Lessons learned.
Anyhow, not much changed here in the larger time frames. Daily chart and H4 are creating a very nice volatility tunnel. A true tease, the guppy is not giving us much here. What really bothers me? On the daily chart, it looks as though the nearest upward spike peaked on Oct. 21. Look left and what do you see? Not a whole lot. Nothing in the way of major supply to stop the impulse we saw. Much like banks build their order book in the JPY session (depending on who you study), this appears to be the same thing only on a grander scale. Is the lack of supply/selling pressure enough to see this to 147.xxx in the coming month, or would the banks rather average down to better supply/price before making that same move...
POSITIONING OF POTENTIAL ENTRIES:This pair is in a lot of noise, and as such, like yesterday, I am truly thrown off about whether to choose a long or short bias. Rather, I will simply determine two points at which I feel I have both allowed myself to allow the market to make its move as well as allowed for the over extension necessary for good R:R.
To the short side, I like an entry of around 140.58. The red "1", "2", and "3" represent any unfilled orders in the near term. the 3rd level is the most opportune in my humble opinion. Beyond that, there is significant room to run, so I will be looking for good signs of reversal before making my entry.
To the long side, I am more cloudy. At the very least, the US/AUD low provides some simply stop hunt opportunities, but this is not as far out as I'd prefer. the M15 Proximal demand zone shows a fairly text book rally-base-rally. However, being on the M15, I am not putting much behind it other than a zone to watch should the long stop hunt move get blown by. The 3rd level of demand listed with the Blue "3", provides a location with unfilled stops that stand the most to lose given the last trading day.
All that said, I will wait and see which direction the market surges in London open (if at all), and then prep myself for the fade. Having looked through u/thefrozen_one trades, I am going to be looking for the following to assist my entry:
Green pips to all!
The pattern is more important when there is a strong shift in momentum between the first candle and the second. For trading purposes, these patterns are best used to indicate the end of a pullback ... Tweezer Bottom. When two Hammer patterns form on a downward trend, this pattern is called Tweezer Bottom.. The ideal condition for this pattern occurs when two Bullish Hammers form.. Trader can place a Buy order with entry price Higher than the second Hammer candle with SL below Low price.. TP price equals length of the second candle in pips, higher than the entry price. Tweezer strategies are popularly used in forex, as well as options and futures trading. How to Identify the Tweezer Top Chart . For a chart to satisfy a tweezer top pattern the following must hold. Two adjacent candlesticks where one or both touch a new recent high; The first bar is a white and is followed by a black; The tops of the two bars should be level or nearly level; Because the ... Below its low if we’re talking of the bearish pattern and above its high if we’re talking of the bullish pattern. Strategy of work in the Tweezers pattern. Once Tweezer has formed in GBP/USD’s daily chart, an entry point is identified at the level of the minimum of the last price accumulation bar. A protective stop order is placed a bit ... What Is a Tweezer? Tweezers form when two consecutive candlesticks have equal, or very close to equal, highs (tweezer top), or lows (tweezer bottom) The equal highs or lows may also reflect the open or close of two consecutive candlesticks, or a combination of both; The colors of the candlesticks that form a tweezer generally don’t matter Tweezer form more often on smaller timeframe charts; The formation of a large bearish candlestick after the tweezer tops becomes a confirmation that the bears/sellers have become stronger in the market. Hence a likelihood of change in trend. trading tweezers and harami pattern on Chart. Tweezer tops is shown below on the chart. The chart above shows an uptrend followed by a tweezers tops. Spotting a Tweezer bottom pattern is one of many patterns that will help you be a more successful trader. Pairing patterns together with other indicators is the smartest thing you can do. But candlesticks - also known as price action is the fastest line of defense and offense for you to use when you are trading. Find out the two types of Tweezer Candlestick Pattern to help you with Forex trading. One of the most reliable reversal strategy patterns is called Tweezer Candlestick Pattern. Our latest video shows you the difference between Tweezer Bottom and Tweezer Top Candlestick patterns. Use Tweezer Candlestick pattern in your daily trading. Hello, traders! We continue to cover basic Candlestick patter Tweezer Top/Bottom Pattern (Expo) indicator identifies real-time Tweezer Top and Tweezer Bottom in any market and in any timeframe. This is an enhanced version of the pattern which enables higher accuracy, and noise filtering. In addition to that, Tweezer Levels can be displayed which can be used in many different ways, for instance, as a stop loss level, or to confirm the signal. Forex Brokers; Crypto Brokers ; Trading. Commodity Trading ... on the last page of the daily chart of Exxon-Mobil is shown below with a 15-minute chart spanning the two days the Tweezer Bottom pattern was emerging: Notice how Exxon-Mobil (XOM) stock went downwards the whole day on Day 1. Then on Day 2, the bearish sentiment of Day 1 was completely reversed and XOM stock went up the whole day ...
[index]          
Hire Most Accurate Forex Trainers Traders Courses Algorithms Robots Dubai Abu Dhabi Singapore London New York RvR Ventures is a group of In... Learn how to spot tweezer tops and bottoms in your charts and how to trade them. Learn more about forex trading at https://www.youtube.com/ukspreadbetting Fo... A tweezer is a pattern found in the technical analysis of options trading. Tweezer patterns occur when two or more candlesticks touch the same bottom for a tweezer bottom pattern or top for a ... Candlestick Patterns Tweezers Tops & Tweezers Bottoms forex trading for beginners urdu \\\\\ Tweezer Tops and Bottoms The Tweezer Top formation is a bearish reversal pattern seen at the top of ... Hey Real Life Traders! You are here to learn more about 'the language of investing'. AKA - candlestick analysis. In this particular video, my goal is to teac... If you have been trading for awhile and want to improve your skills, my Learn To Trade Forex video course will take you through the step-by-step process of becoming consistently profitable .http ... Today in Episode 106, I will show you how to identify a Tweezer Top trade in live market conditions, where to enter, where to place your stop loss and how to exit profitably. Episode Highlights ...