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Hey what's going on everyone?
Hope you're all doing well. So
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I'm gonna get into er this
trade on AUD USD. From this
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week um a mistrade and a trade
I did take. So let's get into
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00:00:25,248 --> 00:00:29,928
it. So firstly if I just take
it back to around this first
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entry here. Now the clear
basics we can we can identify
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from price as we broke
structure. And you know we're
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putting in these high highs and
high lows um on the way up So
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at this point here we had AA
high high around this area.
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Price pull back and we've broke
structure above this high here.
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00:00:51,568 --> 00:00:56,008
So once we've got this new high
high we have the last down
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candle which you you could be
looking at this candle here as
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a point of reference. But I
wouldn't be because if we just
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put this on the actual higher
which would be this point here
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you can see the the structure
um the price that caused the
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the structure break started
from down here then we broke
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had a little candle little a
little wick and then we
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actually showed more momentum
so this is clearly where um
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price started which caused the
break of this high here okay so
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as we know we take the last
down candle which is there and
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this is our higher low and our
order block. You can see price
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tapped in. So at this point
here I dropped to the one
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minute. And we had a huge
momentum down. Price then
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retraced and at this point in
here we're building um
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00:02:02,808 --> 00:02:08,868
liquidity you know at these
lows here we do have equal
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lows. We have 123 and you know
we we have a lot of liquidity
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below this and below this low
and this wick. Okay so it was
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clearly obvious that price was
gonna come down take liquidity.
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Tap into the point of interest
and then go along from there.
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So once we got that that's that
that to me is a clear of
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liquidity. So anyone getting
long from here has been taken
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out. Okay?
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If we just point on this this
move here is the is the bit of
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price that made a new lower low
so this is the lower high that
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I would wanna see broken but I
was looking at this uh price
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action here as you know more
liquidity so a bit of trend
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line liquidity but I wouldn't
be looking at this to get along
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because price hasn't broken any
structure. It has. It's broken
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this structure but in the form
of um building liquidity and
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you know all these moves are
mitigated. No imbalances. And
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00:03:20,288 --> 00:03:24,968
it's just AA corrective move.
So so for me I was looking for
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00:03:24,968 --> 00:03:29,228
this to come down for a second
time. Potentially to this area
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here and then a breaking
structure from there. But if we
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did get a push down and then a
breaking structure I would be
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00:03:36,128 --> 00:03:41,168
looking at that to get long
which is what we got but I did
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miss the trade as I've said um
but let's see what happens. So
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at this point here this is
grabbing liquidity from anyone
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looking to get long. And I did
think that this was gonna
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continue. I said to one of my
um members and a good friend I
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thought this was gonna come
down to all these areas here.
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00:04:00,788 --> 00:04:07,968
Um But we didn't. We did then
break structure. As you can
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00:04:07,968 --> 00:04:16,388
see. So why would this be valid
for me? I'll just take it back.
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Where's the So it's here.
Surprise pushed down below this
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low and below this low here. We
then pushed back up and we
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broke structure. So if I just
zoom in you can see we've
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broken that structure, okay?
Put it on there. And not with
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this candle but you can see we
had momentum. A little pullback
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and then we actually broke. So
this is a valid breaking
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structure for me. As we've also
again taken liquidity. You
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could say that this even is
equal lows with this wick. We
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swept it and then we stroke
momentum. We've left a bit
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imbalance on this candle. Now
this candle could be refined on
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a thirty second. Um which I
would potentially look at but
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if I was at the charts at this
time then I would be sizing up
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this trade and as you can see
it would be 3.6 which it is too
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large for me so I would either
be looking at the EQ or refine
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it down on a 32nd or a fifteen
second. So what we can see from
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00:05:30,008 --> 00:05:36,128
here is we have this last down
candle. We do have a wick. So
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00:05:36,128 --> 00:05:40,728
if I just go to a fifteen and
you see we have this down here
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00:05:40,728 --> 00:05:44,268
but I will still be looking at
this last down candle because
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00:05:44,268 --> 00:05:46,908
for me price doesn't really
need to come all the way back
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down to this little candle
before going. So I would be
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looking at this as my entry.
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And you can see okay so I
forgot to put the order on so
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00:06:01,828 --> 00:06:09,248
the order would be here and one
point five. You could get away
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00:06:09,248 --> 00:06:13,868
with 1.4 but for me I would be
using around two pips. Just to
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00:06:13,868 --> 00:06:20,128
give it a little bit of room
for spiking. So quickly go back
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on that. So We came down, broke
this low, broke this low
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00:06:24,908 --> 00:06:30,608
liquidity, broke structure, not
with this candle but with this
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00:06:30,608 --> 00:06:35,948
candle, imbalance was left. As
this order block is quite
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00:06:35,948 --> 00:06:40,808
large, we can refine it on a
thirty second. 32nd time frame,
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00:06:40,808 --> 00:06:44,048
last down candle. You can
clearly see that imbalance.
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00:06:44,048 --> 00:06:50,088
Okay, broken structure,
mitigation, and then we're
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00:06:50,088 --> 00:06:54,728
we're anticipating
continuation.
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00:06:58,068 --> 00:07:03,068
So we've been tagged into the
trade. Now this is clean. This
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00:07:03,068 --> 00:07:06,728
this looks clean to me. So
let's just recap it okay. Now I
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00:07:06,728 --> 00:07:09,848
know the hourly has already
moved off. But we've broken
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00:07:09,848 --> 00:07:15,128
structure. Now this is this for
me this setup is my bread and
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00:07:15,128 --> 00:07:18,368
butter and it's something that
I would trade every day. Like
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00:07:18,368 --> 00:07:23,708
this is the my favourite type
of setup really. Clear breaking
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00:07:23,708 --> 00:07:27,368
structure. Higher higher. New
higher low. Last down candle.
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00:07:27,368 --> 00:07:31,648
Price come vacuum. Rebalance
this inefficiency
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00:07:31,648 --> 00:07:38,548
inefficiencies here. We whipped
in. We've had um a build up of
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00:07:38,548 --> 00:07:44,148
like a range um mitigation.
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00:07:45,068 --> 00:07:51,208
Yeah rebalance of price so we
can then drop down Okay so one
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00:07:51,208 --> 00:07:55,708
thing I've got to mention also
on the hourly this is our order
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00:07:55,708 --> 00:08:01,148
block as you can see. Now we
can refine it down. Now I know
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00:08:01,148 --> 00:08:05,648
this is in hindsight but this
is you know it's proof of how
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00:08:05,648 --> 00:08:10,148
the market's a fractal and how
it respects you know where the
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00:08:10,148 --> 00:08:14,108
momentum's come in. So where
could we refine it down to?
100
00:08:14,108 --> 00:08:18,528
Well for me this is where the
momentum came in this candle
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00:08:18,528 --> 00:08:23,148
here because we had a wick on
this candle these two candles
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00:08:23,148 --> 00:08:27,948
are within that wick so this is
the last candle before the
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00:08:27,948 --> 00:08:33,048
momentum and surprise surprise
price wicked in mitigated and
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00:08:33,048 --> 00:08:38,328
then it respected it okay now
would I still take this trade
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00:08:38,328 --> 00:08:47,308
if price didn't come in let's
say price came well in this
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00:08:47,308 --> 00:08:53,008
example the hourly order block
is below but if price if we had
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00:08:53,008 --> 00:08:55,828
an order block say up here
which was our hourly order
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00:08:55,828 --> 00:08:59,548
block and price came in but
didn't come into the fifteen
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00:08:59,548 --> 00:09:03,328
then I would still take the
trade because it hasn't got to
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00:09:03,328 --> 00:09:07,108
come into this little 15 minute
candle. It it's likely it will
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00:09:07,108 --> 00:09:14,328
but it hasn't got to okay. So
yeah this is the trade. We've
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00:09:14,328 --> 00:09:19,528
been tapped in and let's see
how it plays out. First target
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00:09:19,528 --> 00:09:24,708
is gonna be at a minimum the
highest here cuz we we may see
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00:09:24,708 --> 00:09:30,548
a reaction. Now the management
is completely your decision.
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00:09:30,548 --> 00:09:36,188
But if you it's wise we have
this area where price may react
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00:09:36,188 --> 00:09:39,848
to from here because we had a
large impulsive move. So either
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00:09:39,848 --> 00:09:44,648
partial in or setting a target
here or trading stop loss under
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00:09:44,648 --> 00:09:50,168
these structural points is you
know it's it's it is wise. So
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00:09:50,168 --> 00:09:52,628
you know as we break in
structures we can manage under
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00:09:52,628 --> 00:09:57,768
these under these er lows here.
And we can partial our trade.
121
00:09:57,768 --> 00:10:00,888
Once we break structure we can
partial to cover our risk and
122
00:10:00,888 --> 00:10:03,048
just let the trade play out and
then you would have been tagged
123
00:10:03,048 --> 00:10:11,308
out on this low here. Priced
in. Came all the way back. As
124
00:10:11,308 --> 00:10:17,088
you can see candle up. Full
retrace back.
125
00:10:18,068 --> 00:10:22,168
Back to the hourly. We haven't
fully mitigated or we haven't
126
00:10:22,168 --> 00:10:27,508
come to the EQ of this order
block. So this is still valid
127
00:10:27,508 --> 00:10:34,028
to go along. Cos you can see we
then tap in. So we're we're
128
00:10:34,028 --> 00:10:36,728
still at that area on the
hourly. So we're still bullish.
129
00:10:36,728 --> 00:10:40,348
So the five minute.
130
00:10:54,028 --> 00:10:57,528
Tchau
131
00:11:04,568 --> 00:11:08,428
basically we've come back in,
we've retraced back in,
132
00:11:08,428 --> 00:11:13,708
mitigated the EQ of the Audi
order block. We put in this new
133
00:11:13,708 --> 00:11:16,588
low. So we have a lower high
here. Price broke structure.
134
00:11:16,588 --> 00:11:23,068
Okay so zooming in. We've
broken structure. A nice clear
135
00:11:23,068 --> 00:11:29,568
move. Okay so last down candles
here. Last down candle before
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00:11:29,568 --> 00:11:33,408
the breaking structure. So I've
marked that on and then
137
00:11:33,408 --> 00:11:40,788
refining down on the one. Okay?
So, I actually took this candle
138
00:11:40,788 --> 00:11:45,708
here because this is the candle
that for me would would be
139
00:11:45,708 --> 00:11:50,568
likely to be mitigated before
this move is gonna continue.
140
00:11:50,568 --> 00:11:57,788
Not this tiny little candle
down here. Okay? So,
141
00:11:59,568 --> 00:12:03,908
So let me just put that on. So
this candle here is the one I
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00:12:03,908 --> 00:12:09,748
used. Okay so we're broken
structure. This is a refinement
143
00:12:09,748 --> 00:12:15,348
of the 5 minute breaking
structure. Okay.
144
00:12:16,068 --> 00:12:21,148
Now my stop loss was two pips.
145
00:12:30,748 --> 00:12:34,248
O
146
00:12:36,548 --> 00:12:40,048
a
147
00:12:41,068 --> 00:12:44,228
hum
148
00:13:13,068 --> 00:13:16,828
Let's go through it.
149
00:13:18,068 --> 00:13:21,988
Now what I've been doing
recently is managing on 1
150
00:13:21,988 --> 00:13:25,948
minute sort of um structure
points. So we broke structure
151
00:13:25,948 --> 00:13:31,828
here. Um managing at this low
pullback break structure.
152
00:13:31,828 --> 00:13:35,268
Managing at this low.
153
00:13:37,068 --> 00:13:44,588
Breaking structure managing at
the low. Broken structure
154
00:13:44,588 --> 00:13:48,128
again. At this at this point
here I'm more aggressive. I was
155
00:13:48,128 --> 00:13:53,468
at this low here cos we've had
a little consolidation then we
156
00:13:53,468 --> 00:14:00,068
broke structure. Um but I am
just below the low because I
157
00:14:00,068 --> 00:14:05,288
was seeing this as you know
price will need to potentially
158
00:14:05,288 --> 00:14:11,228
mitigate for continuing. Um but
let's just continue. That's a
159
00:14:11,228 --> 00:14:14,828
stop loss. I know I'm going
through this pretty quick but
160
00:14:14,828 --> 00:14:20,928
you know you can I don't wanna
waffle on you. You know um sort
161
00:14:20,928 --> 00:14:23,268
of what's what's going on here.
We just wanna manage with the
162
00:14:23,268 --> 00:14:27,528
the structure points until we
get taken out. So at this point
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00:14:27,528 --> 00:14:34,488
here I'm now I had my stop loss
around these lows here. Just
164
00:14:34,488 --> 00:14:44,068
below. And taken out there. So
taking out for thirteen R.
165
00:14:44,068 --> 00:14:50,368
Fifteen minute. Now you can set
targets at these highs. But I
166
00:14:50,368 --> 00:14:53,968
don't usually set targets um
because there's no saying that
167
00:14:53,968 --> 00:14:57,748
this can't keep going. And we
can be in for like a forty,
168
00:14:57,748 --> 00:15:03,928
fifty, hundred or whatever it
may be. Um and especially if we
169
00:15:03,928 --> 00:15:09,748
start managing on the hourly.
Or fifteen. Um but yeah that's
170
00:15:09,748 --> 00:15:12,768
the trade. Um
171
00:15:23,468 --> 00:15:26,968
a
172
00:15:41,068 --> 00:15:45,348
for a day's work and a few
hours you know you're looking
173
00:15:45,348 --> 00:15:48,648
good. So that's the trade. As
always if you have any
174
00:15:48,648 --> 00:15:52,548
questions let me know in
discord and I hope you all have
175
00:15:52,548 --> 00:15:57,188
a good Friday and a good
weekend.
15882
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