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!
Tweezer Tops are considered to be short-term bearish reversal patterns that signal a market top. Recognition Criteria. To identify a Tweezer Top, look for the following criteria: There must be two or more consecutive candles of either color. A clear uptrend should be present. Both candles must reach the same high point. Once you have an uptrend, simply look for candles that have the same highs ... Tweezer top patterns happen quite frequently on charts. It depends on what conditions the tweezer tops form in as to whether or not they really don't mean anything or they're trade worthy. Take our candlestick reversals course. They can be continuation candles if they form in a pullback of a strong trend. This would allow you to get an entry. A Bearish Bat setup within the supply-demand zone with a magic candle which in this case may read as tweezer tops. I will go for an aggressive short when market opens on Monday, let just hope that no major gap happens. If a gap above and close above, I will have to scrap this trade-ideas. If a gap below and close below, I will have to wait for a retest for a... The Forex and CFDs prices are not guaranteed to be accurate and real-time by PForex so the prices may differ from actual market price. The prices are not represented for trading purposes so PForex is NOT liable for any kind of financial loss, lost profits, any special incidental or consequential damage, any other loss or injury as a result of using provided prices. As shown in the chart above, tweezer tops can frequently precede short pullbacks however the trend isn’t necessarily reversing at that point. Trading the Tweezer Tops . The image in Figure 3 shows a USD/JPY 1 hour chart. The market is bullish at this time but the trend weakens and it starts to form a top. We can see three tweezer top pairs, marked with red arrows, as the price proceeds to ... Tweezer Tops and Bottoms: The Tweezers are a duo candlestick pattern. This type of candlestick formation is mostly spotted after a long up or downtrend. It indicates a reversal in the near future. This is what the Tweezers look like. Most effective Tweezers have the following characteristics: – First Tweezer has tob e in line with the trend. So when to market is in an uptrend the first ... A tweezer top “fails” when a new high is achieved immediately after completion (candle), and a tweezer bottom “fails” if the next candle achieves new low How to Use Tweezers to Place Trades Tweezers, as in all candlestick formations, are most effective when found at previously established support or resistance.
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Tweezer Tops and Bottoms Candlestick Chart Pattern 🥢 - Duration: 10 ... 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS 365,956 views. 37:53 . 1 MIN ... 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 ... Thank you for joining me for another episode of the 10,000 Trades Show. Today I am bringing you a Tweezer Top trade. This reversal trade sets up at a key sup... 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...