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Hey what's going on everyone? Happy weekend. So I'm gonna get
into my EU trade from last week which ended in around twelve R.
So twelve percent. So I'm gonna get into it and yeah we go from
there. Now this entry or this trade setup was really clean
and it's one that I've really liked taking. So definitely you
know pay attention um and yeah we go from there. So looking at
price. We had this high. You know we had this huge momentum
from this prior
Now, we did have this wick here and you know this is classified
to me as equal highs. It doesn't it doesn't meet
perfectly but they haven't got to meet perfect. Um Sorry, hat
Eco heißt, so was?
And then you know we have this higher low. We push down which
doesn't really look too momentous on this time frame.
And it isn't really. This is what I would classify as sort
of a calm sort of not corrective because on a lower
time frame this is you know a solid breaking structure. But
we can see this candle just wicked below but then the next
candle did close below it but we did get a wick. But for me
this still creates this supplier slash order block
which I'm looking to get short from. So as we know we take the
last up candle which will be here but then we can refine it
down to this candle because we haven't engulfed the order
block. So this is where I'm looking to get short from. I'm
just gonna run it forward. Now, one other key aspect to this
trade and why I took it was because we had this low, this
high low prior to this high low being formed from this high.
Price came down to take out this low with this wick. So,
this is just taking liquidity from this low from anyone who's
in the buyers, you know, managing at this low or
whatever the case may be. There's liquidity that's been
swept from this low. So, that's also a good indication for me
to see now that liquidity's being cleared I wanna see a
nice pullback into my supply zone and then drop to a lower
time frame to get involved in the trade so you'll see that's
what happens so on the hourly we've tapped in. Now at this
point I'm obviously on the the lower time frame. So zooming
all the way out. This is our hourly supply. You can see I
should note also the 15 minute time frame. I did refine it
down to this candle here. So on the 15 minute this is the last
up candle. Before these free candles you know showing
momentum which also broke a 15 minute minor structure here as
well. So back to the one minute. We can see price tapped
in. Now on the 32nd time frame we have price pulling up
pulling back. This pullback is more visible on a thirty
second. As you can see, so we pull up, pull back, make a
high, pull back, make a new high, but I did take the entry
on the one minute, but knowing we have structure breaks or
structural points in this move here. So, as price came down we
pulled back and we broke we I was looking at this point here
as a low we come down to test it we we pull off and then we
break so for me this is still a breaking structure but it would
be this move here so zooming right in I'm just gonna mark on
the last up candle which is here but then I would take the
refined candle here and I did set an entry uh on this with a
stop loss it was two point five. It may have been three
pips. Um but you'll see we don't get tagged in and then at
this point here, let me take that off because we've broken
structure so wie Poback im August ähm
before that lovely break from this structure here, okay? So
as I didn't get tagged into this trade I cancelled the
order once I see this break structure. And you know we've
got we've got to adapt to what's happening. This is not
always gonna be tagged. Okay so we've got to adapt to once when
price is breaking structure. Entry was set on this one. Um I
think it may have been 2.5 or three. I'm not too sure but
we're soon to see from what the result is. So, I set this on at
the order block and we push down but this isn't a this
isn't a structure break. We we pulled back here but it's not
really a structure break and it's this break here is not
it's not showing anything you know too significant. Whereas
you can see this has left a clear imbalance on this candle.
So II left it on that. And we then pull back into the trade.
It's attacked in here. Now at this point how am I looking at
managing this trade if you know we pull off. Well we can
classify this as you know a 1 minute swing low. So I'm
looking for this to be broken before you know managing this
trade.
So you can see we get a nice reaction and we break
structure. So at this point here I'm locking in just below
my entries cos I have a bit of commission to to cover. So I'm
just below you know point point something of a pip whatever it
is. And then I'm moving to the five or the fifteen. Now I am
looking for areas where price may react to. So on the 5
minute I can see moved up nicely you know nice momentum
here. So we have an area where price could you know react
from. So II am keeping this in mind as we go. You can see we
do sort of pull back. And then we do push up. So I'm looking
for this to be broken.
Now being aware is is coming up to I think it was news. I don't
really follow the news. I just focus on my my setups um but
this was caused by news. As you can see we impulsively came
down taking out this low. So at this point here with news
candles what you can even do is partial your trade or just
trial your stop loss. Now you know that I just trial and I
really partial because I like to take all my profits. So once
we add this broke this low I'm at this um the higher of this
news candle, okay? So locked in six R. And running. Around
fourteen lows of eighteen. Okay so now 15 minute I believe I
was on the no I think I was on the fifteen. So now I'm just
waiting for a bit of structure.
So we broke this bit of structure.
Oke atau
as where I want to try my stop loss to. So this should be
around twelve R which isn't so that means I must have used a
tripoin triplo a five hep stop blos Um I'm not too sure what I
use now but
oui deux que
because you can see we had this consolidation range and then we
broke structure which was this high here. So that's why um we
sort of reacted from this area. Now looking back I could have
managed this a lot better on you know on the 5 minute um
Going back to the one minute. You know it's a very clean sort
of entry. We tap into a higher point of interest. We can then
see we're breaking structure using the 1 minute order flow
to get in trades. We tap in to rebalance this candle. Last up
move. We mitigate that up move perfectly before coming back
and you can see price never comes back to that area. And
then how you manage from there it comes down to your own
preference. But you know you know how I do it with my
trading stop loss. Um But if you wanted to set a target say
at this order block here. Let me just mark it on so the
higher that order block then you're looking at
24.6 R. Now I am still testing what's better. Um trading the
stop loss and letting profit go or setting the TP at an area of
interest so an order block and seeing which one runs better
because I know that this could have carried on and with a
trading stop loss then obviously we can try with the
structure. So we could be limiting ourself and vice versa
we could be leaving profit on the table. So you know it's a
tricky one but it comes down to what you've seen in your
testing and what you're more happy doing. Um but yeah I'll
be honest with you and just say that I'm I'm still testing
both. But yeah um that's gonna be EU. Er just under twelve R.
And if you have any questions as always feel free to send me
a DM and I hope you all have a really good weekend and let's
have a really good weekend of markets again for next week.
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