0.64786149.495
2000.010000.0
Total Profits:
$1,445.00
hassan6

Entry comments: Wedge pattern inducing possible liquidity being created over the course of the 26/10 and 29/10. A possible break today down to the ADR at 1.48270 or to the low of 1.48467 which correlates with USDCAD. Then a move back up, with the play becoming invalid past 1.4800. This wedge pattern isn't at the end of 'Actual' levels of drive and is not as significant a play, but if its an aggressive move managing to reach the lows, its an intraday ADR reversal play.

Exit comments: Didn't consider previous day's low which price could work off of. CAD correlation would become irrelevant as a result though. Too many pairs on my watch today. Get rid of both eurcad and audcad. GBPAUD, GBPUSD, EURUSD, USDCAD, NZDUSD. Come back to these 2 after 3 months, with a much more firm grasp of waiting to play my setups only - after having defined them in clarity.

000
-$1 Loss
USDCADShort Forex
hassan6

Entry comments: I had a limit on at 1.31171 and as price approached it, I removed the limit order (With the bars at 16:15 nearing it) As on GBPUSD as well as EURUSD the price didn't approach the point of the low or 25/10 in its first push down and moved off it, my mid-though analysis was that price would do the same here as 1.31171 was a slight wick in the price action down on 26/10, nothing significant. BUT should limit be removed? - it was logic, not emotion. Analysed in mid-trade thought analysis

Exit comments: Watch the trade more diligently to place a better limit.

000
hassan6

Entry comments: Price has been in a clear downtrend since 10/10, with the exception of certain traps and pullbacks. With the break of prev. day low at 1.80853, more rt could be entice into this downtrend with the hope of prices going down forever. No distinct setup yet. Maybe a 1-2-3 pattern could setup. Just wait.

Exit comments: Long call was decent, though the pattern never came. to buy. The break of low was a great sign of further BULLISH prices after the downtrend enticement.

000
hassan6

Entry comments: 1.79284 reached would exceed the ADR today + its an extreme price point for the reversal to occur at w/ 800 MA as support on 4H and 200+100 MA as support on D. The low of the month at 1.80080 is also an extreme point for price to work off o being the low of the month, the more likely play. Stochastics haven't crossed over, are buried though. Extreme less likely play

Exit comments: At extreme price points, always have alerts on - this could be an intraday trap move to catch for the ADR reversal or a full ADR play in it self intrayday.

000
hassan6

Entry comments: MID-TRADE Update at 15:45- [*XM changed times - NY open is now at 14:00 still my 5pm and London open is now at 09:00 still my 12pm] Price moved off (slight) supply zone of 1.13676, missing my entry at 1.13553 by 4 pips. 1.13553, looking at it now, made less sense to place a limit order as its 25/10's low + any serious other support isn't really present for it to qualify as a supply zone. I drew the supply zone but didn't place my limit inside of it?

Exit comments: Being present at the charts from 12:30 - 16:00 isn't possible - which is now 11:30 - 15:00 (2:30 my time to 6pm). Catching the entries at the high/low with a limit is always the best bet and sometimes it gets missed - focus on these more after I've improved my trading systems to a greater level.

000
hassan6

Entry comments: The 'momentum bars' of 25/10 along with the downtrend + correlation from USDCAD are all great signs of a reversal on this pair today to leave the most possible amount of money trapped.

Exit comments: Fundamental question asked - how can price be moved today to leave the most amount of liquidity trapped? Have all logical liquidity areas plotted. Price moved off one of them, as the extreme one has already been worked off. Entry right at NY open is valid with price moving down all through London into the supply zone and that move really being in line with my overall bias. (no exhaustion at the initial LOD, no London stop hunt and immediate reversal). Good play

000
hassan6

Entry comments: USDCAD has continued its reign up. Now enticing buyers into the market, a break past 1.31325 to entice break outs + reaching 1.31730 which is a supply zone of 1 1/2 months back would make it the ideal short, correlating with GBPUSUD and EURUSD long. As of currently, 1.31325 has broken.

Exit comments: 1.3168, where the sell limit was placed was 10 pips out of reach for the sell. If the ADR has been reached before a move to the extreme high/low, then the ideal entries off the extreme high/lows may not be reached. Good play, a little early entry. Showed good patience.

000
hassan6

Entry comments: Big bear bars + downtrend keep traders is the belief that this is going down forever, at least until the extreme 'support level'. Rt approach taken with price stay below the 50 but above the 30, 'indicative of a downtrend'. A reversal to the upside could make a lot of sense today, though it made sense yesterday too and price dropped on me, so don't underestimate how wrong I can be, wait on the hand to be shown to me.

Exit comments: Again, hand shown with the break and the reversal. Good use of rt RSI and how they're thinking during a trend reversal as well as continuation.

000
hassan6

Entry comments: To leave the most amount of liquidity trapped today, price could reverse off the low of 1.27842, ideally enticing shorts into London open past this level first to then reverse. EURUSD is at a 800 MA support on D, it too, to leave the most amount of liquidity trapped today could see higher prices. This is all buys, I was early on this buy last week, but dropping to a more extreme price point WAS an option, and that's what price did, though it did show its hand once for the buy 23/10.

Exit comments: The low was breached, with a shift bar on the H1 candle at 15:00 the candle after. Great buy signal. Good play

000
hassan6

Entry comments: 3 levels of drop seen from 0.6610 to 0.64635. Price has exceeded its ADR through Asia today moving 66 pips and exhausting at previous liquidity. Great amount of sellers enticed with this move, with the goal being to trap them at the low of 0.64635 by making the bullish (anticipated) move. Buy at logical R=S

Exit comments: If price stalls during London, that doesn't at all mean its not going to do anything for the few hours ahead. NY moves pairs and 15:00 - 19:00 holds major moves. Good play.

000
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