Reversals are the trickiest, because sometimes price will fly off in the opposite direction that it has been going, sometimes it will only move slightly and go into a range. EU did just that, it's been consolidating and market structure can be ...

Price action trading - Trade like the pros!

It depends on how confident I am. Sometimes I will aggressively buy or sell off the level, other times I will wait for smaller timeframe market structure. Most of the time it's the first, because I try to preempt price action throughout the ...

Price action trading - Trade like the pros!

Hi, sorry for the late reply. In general, when the bund is moving higher, so is the euro, when the US bond is moving higher, so is the dollar etc. It's hard to predict future yield move, so I don't really bother, but you could use the trinity to see ...

Price action trading - Trade like the pros!

Where'd you have them, though? Highlighted areas?

Price action trading - Trade like the pros!

Also it feels like euro should drop to the 1.0570 low before we can hope for any bullishness... Might even dig lower. We'll see where the next FOMC gets us... What a time to be alive, lol.

Price action trading - Trade like the pros!

i did try to buy euro to be perfectly honest Small 30 pip scalp that didn't fly. Below you can find the reasoning. It's not very advisable, best to stick to our guns and trade with the trend...

Price action trading - Trade like the pros!

protip: If you're having a bad day, or week, or month... Try stepping back from the charts, clear your head a little. Come back when you feel rested, sit back behind a clean chart with no annotations and start from scratch. It will allow you to see ...

Price action trading - Trade like the pros!

Caught some new shorts?

Price action trading - Trade like the pros!

No, I am cautiously bullish, which means I'm not shorting neither right now. But I want confirmation to start going long Any dips on USDx for now are an opportunity to go short on EU/GU moreso than a decent long trade on EU/GU. Especially with ...

Price action trading - Trade like the pros!

About GU - Yes, but it already reached the first target I had given. USDx slightly broke above a very significant record high, couldn't stay above => Fakeout in my eyes. Wait for market structure....

Price action trading - Trade like the pros!

At the time I wrote this, both EURUSD and USDx were at their respective support and resistance levels, both showing willingness to catch their breath. They took out significant swings, which in my book is a call for a retracement. However, I will ...

Price action trading - Trade like the pros!

Looking at these daily euro charts, I'm expecting to see a rally back to the 1.0850 at least... possibly higher but will wait for market structure to call.

Price action trading - Trade like the pros!

I don't know what you expect If my information is wrong, then my sources are probably wrong too.

Price action trading - Trade like the pros!

And on the first day of the new trading-week, I present you with a USDx that has hit target and a EURUSD that has come shy of doing so

Price action trading - Trade like the pros!

Impressive! Good job man You can take 200 pip trades with a 5 min entry It's not the timescale you use to get in, it's whether your balls are too big to sit or not in terms of holding

Price action trading - Trade like the pros!

Curious, did anyone capitalize shorting the euro?

Price action trading - Trade like the pros!

Even if what we do here is strongly inspired by ICT, it's not full on ICT. I don't implement CoT analysis the same way as he does. For me, it's a tool to back-up my analysis.

Price action trading - Trade like the pros!

Start shorting tomorrow

Price action trading - Trade like the pros!

I don't use it to plan trades, I use it to back my bias. Commercials being net long would mean overall bearish trend, since like I said they're selling as it rallies and buying as it declines. So you have to look at it mirrored. I'd refer you to ...

Price action trading - Trade like the pros!

Commitment of Traders line chart with Open Interest. We see a sharp drop in Open Interest, which means long positions covering prior to the election. However, the CoT data suggests commercials are increasing hedging & large speculator are ...

Price action trading - Trade like the pros!