You're welcome. What you're reading above your post is how I go about my trading week every time. This is the preparation needed to be efficient in your trading. I don't generally trade on mondays, I've got tue-wed-thurs for that

Price action trading - Trade like the pros!

USDJPY Now UJ is currently reacting on geopolitical reasons driving risk appetite. Whenever there is uncertainty in the USA, UJ plummets. Whenever investors are reassured, UJ flies high. It's hard for me to present technical reasons for its rallies ...

Price action trading - Trade like the pros!

USDCAD Cad is a pair I reaaaally like due to its dynamics and respect of technical levels in intraday trade. Now something to keep in mind is that CAD is very related to Oil prices... Which have been in a decline for the past month (attached below ...

Price action trading - Trade like the pros!

GBPUSD Now Cable isn't a pair I'm very fond of trading ever since the Brexit referendum, so I haven't really touched it much the past months. What's more it has been in a sideways consolidation range post-Brexit, for the longest time. Recently, ...

Price action trading - Trade like the pros!

The USDx is a weighed index, consisting of 6 major world currencies - eur, jpy, sek, cad, gbp, chf. In terms of volumes traded, the euro trumps all others, thus forming a weight of 58% in the index. JPY is second, with just 14%. So you see, the ...

Price action trading - Trade like the pros!

EURUSD Up next, Fiber. Now Fiber is setting up higher highs/higher lows. We have a MS shift with our LT low @ 1.0340-60 roughly as shown by the arrows. What followed was a failure to go higher high just yet, but after price retraced down and formed ...

Price action trading - Trade like the pros!

Hey guys. New trade week, new setups! Let's see what we can look forward to... Starting at our trusty USDx chart. Now the dollar has been making lower lows and lower highs. It dipped below our listed level (@ 98.90) just slightly, and pulled back to ...

Price action trading - Trade like the pros!

How's it going, traders? Hope you had a good week. Building up equity slowly but surely.. Since it's the weekend, why don't we do a recap of last week's trading? I'm open to any questions about setups you took but didn't work out, or worked ...

Price action trading - Trade like the pros!

I have been watching EJ set up for 2 days but ended up missing the ride. Twice. Arrows show where I would have entered had I paid closer attention...

Price action trading - Trade like the pros!

Fading the V shape brought me +30

Price action trading - Trade like the pros!

+50

Price action trading - Trade like the pros!

The USDx chart gives a small resistance level over at 99.20 and a much more important level at 99.30. I'd say either FOMC or NFP give USD the boost it needs to either break above 99.30 and whipsaw back below 98.50 or withhold the rally and fill in ...

Price action trading - Trade like the pros!

At the same time, if we look at a slightly bigger picture, 1.0885 has been an interesting level with 4 reactions to the level in the last 7 trade days - 3 times it gave support, once it was a resistance price quickly overcame soon after.

Price action trading - Trade like the pros!

Very late, but it also didn't reach for that liquidity. Ended up as a loser, I let it run without monitoring due to other engagements. It went 1:1 RR, and I did not trail my stop. Stuff happen... However markets are in a bit of a sideways trend ...

Price action trading - Trade like the pros!

Will it get there? 50% of usual lot size, late entry.

Price action trading - Trade like the pros!

Yeah, the broker I use also has EURx But I use nothing but USDx, even if I sometimes trade EA or jpy crosses... I figure having a bias on EU/GU is enough to trade EJ/GJ or even EA, GA...

Price action trading - Trade like the pros!

This is what I consider demand. Last bearish candle before the rally - that's where all the large market entities' buy orders are set. The reason being, said entities are hedgers: they buy as price is going lower... accumulating large net long ...

Price action trading - Trade like the pros!

It's not demand in my book. It is however liquidity. Trump tax plan is in focus... so US equities, dollar are moving higher. I pointed to liquidity building above 1.09; I said if that gets taken out before the correction, I'm expecting a very very ...

Price action trading - Trade like the pros!

Well jokes on me

Price action trading - Trade like the pros!

UJ training chart: Pay attention to market structure It should be getting easier and easier to spot those.

Price action trading - Trade like the pros!