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EQL

10/2/23: Sell Setup on SPX10/2/23: Sell Setup: I was looking for a continuation set up on SPX. TK/SY session set a small range that held London but was taken out in the premarket session. This left a 1H/15m-FVG set up with a -OB on the 1H. Price trades into the 15m-FVG (L) and pushed down and failed to make a new low followed by EQLs being set in NY open session. Once the EQLs were made we traded back into the 15m-FVG(MT) and tapped into the mid point. I didn’t see the clean enter in the 15m but the 5m chart gave a great entry that I missed. My targets were the PDL, EQLs/Thurs PDL, and PWL. No entry on the setup, had two attended two meetings back to back and I had to present on the calls. This was the 1st set up I was looking for but I was on a work call and miss this one. This gave confirmations on the 5m/15m charts and this would have been a trade that would have hit the first target of 4274.08 then BE on the remaining. This was the second entry I was looking for, higher into the 15m-FVG. NAS was also reaching into its own FVG which gave me a more validation this was a good setup. But as soon as we passed the mid point at 4297.80 it tanked without confirmations on any of the LTFs, even as far as the 1m chart. This was the final entry, later than I would normally be looking for anything but also no confirmation and this was a good thing because the price could not take out the low and pushed back up off to the DL. Sell Entry: 4293.05,4297.80, 4284.39 SL: 4300,4303.65,4293.05 Targets: 4274.08, 4263.03,4238.23 We’re pushing up for now, we have NY session high, Weekly opening price, and Friday PDH 15m chart:
BLACKBULL:SPX500Short
by Cory4rex
Sell NFP Setup 10/7/22 Decent WeekPatient with the news on the jobs numbers. Immediate drop on the news but it was positive. Being that it was, I decided to wait because there was an opportunity that it could have been a liquidity grab below 3720's equal low and a run for the buy side liquidity. Sold on news break and on times & sales response. Saw the order flow aim at the ask price and the follow through came in afterwards. Once near target 1, watched the buying come in near the low and looked for a new group of orders to come through on the ask and we saw it. Took off the entire trade at target 2 after an attempted partial closure, a mistake but, that for the moment sucks but oh well! The remaining targets are from the HTF, the 4H+FVG, so I made it to the FVG(H). Second pending order within the 5m-FVG at 3706.12 missed. Looked for a final tap on the low of the FVG(L) and didn't get it after the ask was hit again just below it. Good week, not a lot of trading, but finished up pretty well. Most of the moves happened after hours this week or just at a time that I wasn't in front of the screen. NFP data was positive but, this is implication that the Feds don't have to change their behavior and can extend their stance on monetary polices by a continued interest rate increase. We'll definitely need to focus on the CPI numbers next week when we get that data.
BLACKBULL:SPX500Short
by Cory4rex
AUDUSD: Best Buy Setup 🏌️‍♂️Bulls want to shift the market! For that theory to hold we need to keep the price above the most recent swing low. I expect a rejection from this demand block that caused the shift. We have now cleared enough liquidity to see reversals. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others ! ⬇️ --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
14
EURUSD: The Demand Trap 🐻As price approaches the main demand, traders will begin to buy without spotting the EQL liquidity placed below it. I expect some inducement from this zone before we get the true liquidity grab followed by continuation. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
13
Potential Shark Forming 🦈🦈XAUUSD - Potential Shark forming, I love the C point when its at the 1.618 because the move is normally exhausted, here we can see EQL's and bearish momentum (Which also confirm a possible pullback) Along with rejection from the daily resistance line, lots of confluence here for a short. However price could still go higher because we do have a HTF cup/handle pattern/HTF is bullish so we may see more push to the upside before a drop (Theres plenty of imbalance above and below) however with these confluences I'm happy to risk this trade and if I get stopped I'll enter from the next zone above! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
OANDA:XAUUSDShort
by ProFxAI
2