A few posts ago I talked about EU gunning for the LG fill, well it not only filled but took stops as well. It's not surprising as the DXY analysis was showing a likely up move on the dollar if the pattern held. If you're going to trade the majors - ...

Stop Hunting using Sentiment and Market Structure

Plan A is still playing out and is expected to due to seasonality and those stops were grabbed and cleared below..

Stop Hunting using Sentiment and Market Structure

USD Trade Plan going into the week had 3 options. It looks like the top scenario is what is playing out. In order for that to do so, the blue box has to hold... if price breaks strongly below and pulls back, then that is a Dollar Short Opportunity.

Stop Hunting using Sentiment and Market Structure

EU headed to the LG Fill.

Stop Hunting using Sentiment and Market Structure

The Grab and Go got most people today including myself. I had an expectation of possibly stop run for that swing but didn't expect the run to grab the liquidity at the lows. Well played MM's.... well played.

Stop Hunting using Sentiment and Market Structure

Market Makers really want those stops before the run up in MAY.

Stop Hunting using Sentiment and Market Structure

Looking across USD pairs though it looks like strength may be coming in to USD. The better option at this point is to look for dollar strength and go with that flow or look for opportunities to get long if those stops get taken. And of course - ...

Stop Hunting using Sentiment and Market Structure

Arrows off? Good thing we get paid for the right bets. Sell side dollar bias is playing out as expected. I didn't take any trades, but you could have. Dollar aiming at the liquidity below.

Stop Hunting using Sentiment and Market Structure

I'm actually not going to take any overnight trades. Will re-assess in AM but the green box is key. Sentiment Wise .... Retail is at 50/50 for many USD pairs. So you could use orderflow (negative dollar bias) but it's better with retail liquidity in ...

Stop Hunting using Sentiment and Market Structure

Pre-FOMC Trade Plan. Looking for short DXY opportunities until FOMC. Then reassess.

Stop Hunting using Sentiment and Market Structure

I do set alerts if a key decision has to be made for whatever reason. But typically I will just place the orders in areas of interest and place the stop at the "here is where I am wrong" point.... and just let the trades go to the orders. I check ...

Stop Hunting using Sentiment and Market Structure

Poor Sheeple. Sentiment and Market Profile EU Notice as the Sheeple were more and more long price moved further and further down. Then, Retail decided after being stopped out that they would go with the trend. Retail, started shorting that is. You ...

Stop Hunting using Sentiment and Market Structure

Sniper. This is how you target with precision. First - you map your options. Two - you enter with precision. Three - you hold to precise targets. Four - go lambo shopping. I literally gave you the roadmap and even mentioned when dollar was showing ...

Stop Hunting using Sentiment and Market Structure

I gave you the roadmap, are you driving through profit?

Stop Hunting using Sentiment and Market Structure

No worries, you still have a powerful tool! And it's very similar to the exact spreadsheet I used for many years before working with Bob to develop more sophisticated tools. As you can see, you can easily find edge using just the heat map. Look for ...

Stop Hunting using Sentiment and Market Structure

Here is a chart for AUDJPY for instance. I don't trade the crosses too often and had no idea what the chart looked like.... but I imagined retail getting squeezed with only 5% long. Meaning I imagined price going long causing max pain. Look at the ...

Stop Hunting using Sentiment and Market Structure

So to specifically answer your question, it's best to look at individual values when looking at the heatmap...... don't think of it like baskets for cross currencies as that heatmap isn't setup for it. We want to look at values less than 25 and more ...

Stop Hunting using Sentiment and Market Structure

Here is a few basket analysis shots from EUR/CAD/AUD/USD for instance.

Stop Hunting using Sentiment and Market Structure

The way to read the heatmap is the base currency (first part of currency) is read on the left side column then the row for the quote currency (second part of currency). So currently 69% of retail is long USDJPY (which means to consider shorting ...

Stop Hunting using Sentiment and Market Structure

Show me a screenshot of your values for the beginning period and current and I can tell you what I see.

Stop Hunting using Sentiment and Market Structure