Journal Entry 1, a won trade R:R at around 2. First I started with weekly bias, haven't studied that yet so I used 9/18 EMA MA cloud and then a weekly/daily cross & bias confirmation. The weekly bias is short. I notice equal highs at M15 timeframe and a run up and start looking for the stop hunt at M3 . As soon as there is a break in market structure down the algo changes program to sell. This particular change in program only appears at liquidity pool in this case buyside liquidity (Buy Breakout traders trapped and Short traders with buy stops above resistance trapped too and used as liquidity). Another sign of algo buying here is the FVG (smart money buying), which shows its hand clearly and at that moment it's the stop hunt. FVG coupled with BMS at liquidity pool is a sure sign of stop hunt. Target determined by liquidity matrix (Fibonacci with only 50% level drew from highest high to the lowest low of the session). At that point price is at discount and the target is going to be at premium side of the matrix. Price bounced of several liquidity pools and liquidity pools + FVG and settled at FVG. I grabbed the first liquidity pool + FVG target at premium side. A fine trade if you ask me.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.