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Hey what's going on everyone?
Happy weekend. So I'm gonna get
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into my EU trade from last week
which ended in around twelve R.
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So twelve percent. So I'm gonna
get into it and yeah we go from
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there. Now this entry or this
trade setup was really clean
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and it's one that I've really
liked taking. So definitely you
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know pay attention um and yeah
we go from there. So looking at
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price. We had this high. You
know we had this huge momentum
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from this prior
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Now, we did have this wick here
and you know this is classified
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to me as equal highs. It
doesn't it doesn't meet
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00:01:09,848 --> 00:01:16,728
perfectly but they haven't got
to meet perfect. Um Sorry, hat
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Eco heißt, so was?
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And then you know we have this
higher low. We push down which
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doesn't really look too
momentous on this time frame.
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And it isn't really. This is
what I would classify as sort
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of a calm sort of not
corrective because on a lower
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time frame this is you know a
solid breaking structure. But
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we can see this candle just
wicked below but then the next
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candle did close below it but
we did get a wick. But for me
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this still creates this
supplier slash order block
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which I'm looking to get short
from. So as we know we take the
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last up candle which will be
here but then we can refine it
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down to this candle because we
haven't engulfed the order
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block. So this is where I'm
looking to get short from. I'm
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just gonna run it forward. Now,
one other key aspect to this
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trade and why I took it was
because we had this low, this
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high low prior to this high low
being formed from this high.
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Price came down to take out
this low with this wick. So,
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this is just taking liquidity
from this low from anyone who's
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in the buyers, you know,
managing at this low or
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whatever the case may be.
There's liquidity that's been
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00:02:52,888 --> 00:02:57,008
swept from this low. So, that's
also a good indication for me
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00:02:57,008 --> 00:03:01,928
to see now that liquidity's
being cleared I wanna see a
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00:03:01,928 --> 00:03:06,608
nice pullback into my supply
zone and then drop to a lower
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time frame to get involved in
the trade so you'll see that's
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what happens so on the hourly
we've tapped in. Now at this
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point I'm obviously on the the
lower time frame. So zooming
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all the way out. This is our
hourly supply. You can see I
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00:03:28,488 --> 00:03:33,448
should note also the 15 minute
time frame. I did refine it
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00:03:33,448 --> 00:03:38,848
down to this candle here. So on
the 15 minute this is the last
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00:03:38,848 --> 00:03:44,128
up candle. Before these free
candles you know showing
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momentum which also broke a 15
minute minor structure here as
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well. So back to the one
minute. We can see price tapped
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in. Now on the 32nd time frame
we have price pulling up
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00:04:01,088 --> 00:04:04,028
pulling back. This pullback is
more visible on a thirty
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00:04:04,028 --> 00:04:11,468
second. As you can see, so we
pull up, pull back, make a
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high, pull back, make a new
high, but I did take the entry
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on the one minute, but knowing
we have structure breaks or
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00:04:20,408 --> 00:04:27,748
structural points in this move
here. So, as price came down we
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00:04:27,748 --> 00:04:33,988
pulled back and we broke we I
was looking at this point here
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00:04:33,988 --> 00:04:40,408
as a low we come down to test
it we we pull off and then we
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break so for me this is still a
breaking structure but it would
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be this move here so zooming
right in I'm just gonna mark on
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the last up candle which is
here but then I would take the
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refined candle here and I did
set an entry uh on this with a
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stop loss it was two point
five. It may have been three
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pips. Um but you'll see we
don't get tagged in and then at
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this point here, let me take
that off because we've broken
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structure so wie Poback im
August ähm
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before that lovely break from
this structure here, okay? So
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as I didn't get tagged into
this trade I cancelled the
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order once I see this break
structure. And you know we've
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got we've got to adapt to
what's happening. This is not
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00:06:16,628 --> 00:06:20,048
always gonna be tagged. Okay so
we've got to adapt to once when
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price is breaking structure.
Entry was set on this one. Um I
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00:06:26,328 --> 00:06:30,828
think it may have been 2.5 or
three. I'm not too sure but
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we're soon to see from what the
result is. So, I set this on at
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00:06:35,088 --> 00:06:43,668
the order block and we push
down but this isn't a this
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isn't a structure break. We we
pulled back here but it's not
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00:06:47,208 --> 00:06:50,988
really a structure break and
it's this break here is not
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00:06:50,988 --> 00:06:57,528
it's not showing anything you
know too significant. Whereas
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you can see this has left a
clear imbalance on this candle.
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So II left it on that. And we
then pull back into the trade.
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00:07:07,568 --> 00:07:15,068
It's attacked in here. Now at
this point how am I looking at
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00:07:15,068 --> 00:07:20,828
managing this trade if you know
we pull off. Well we can
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00:07:20,828 --> 00:07:24,968
classify this as you know a 1
minute swing low. So I'm
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looking for this to be broken
before you know managing this
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trade.
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So you can see we get a nice
reaction and we break
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structure. So at this point
here I'm locking in just below
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00:07:42,988 --> 00:07:47,968
my entries cos I have a bit of
commission to to cover. So I'm
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00:07:47,968 --> 00:07:52,408
just below you know point point
something of a pip whatever it
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00:07:52,408 --> 00:08:00,808
is. And then I'm moving to the
five or the fifteen. Now I am
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00:08:00,808 --> 00:08:05,218
looking for areas where price
may react to. So on the 5
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00:08:05,218 --> 00:08:10,628
minute I can see moved up
nicely you know nice momentum
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00:08:10,628 --> 00:08:16,328
here. So we have an area where
price could you know react
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00:08:16,328 --> 00:08:22,508
from. So II am keeping this in
mind as we go. You can see we
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00:08:22,508 --> 00:08:30,608
do sort of pull back. And then
we do push up. So I'm looking
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00:08:30,608 --> 00:08:34,288
for this to be broken.
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00:08:45,568 --> 00:08:50,928
Now being aware is is coming up
to I think it was news. I don't
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00:08:50,928 --> 00:08:57,168
really follow the news. I just
focus on my my setups um but
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00:08:57,168 --> 00:09:03,168
this was caused by news. As you
can see we impulsively came
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00:09:03,168 --> 00:09:08,088
down taking out this low. So at
this point here with news
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00:09:08,088 --> 00:09:11,328
candles what you can even do is
partial your trade or just
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00:09:11,328 --> 00:09:14,328
trial your stop loss. Now you
know that I just trial and I
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00:09:14,328 --> 00:09:19,228
really partial because I like
to take all my profits. So once
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00:09:19,228 --> 00:09:25,388
we add this broke this low I'm
at this um the higher of this
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00:09:25,388 --> 00:09:35,868
news candle, okay? So locked in
six R. And running. Around
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00:09:35,868 --> 00:09:46,108
fourteen lows of eighteen. Okay
so now 15 minute I believe I
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00:09:46,108 --> 00:09:49,408
was on the no I think I was on
the fifteen. So now I'm just
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00:09:49,408 --> 00:09:52,608
waiting for a bit of structure.
102
00:09:58,068 --> 00:10:03,928
So we broke this bit of
structure.
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00:10:06,488 --> 00:10:12,548
Oke atau
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00:10:16,068 --> 00:10:21,668
as where I want to try my stop
loss to. So this should be
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00:10:21,668 --> 00:10:28,948
around twelve R which isn't so
that means I must have used a
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00:10:29,568 --> 00:10:38,648
tripoin triplo a five hep stop
blos Um I'm not too sure what I
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00:10:38,648 --> 00:10:41,308
use now but
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00:10:45,068 --> 00:10:48,408
oui deux que
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00:11:06,068 --> 00:11:10,468
because you can see we had this
consolidation range and then we
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00:11:10,468 --> 00:11:16,348
broke structure which was this
high here. So that's why um we
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00:11:16,348 --> 00:11:20,908
sort of reacted from this area.
Now looking back I could have
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00:11:20,908 --> 00:11:27,228
managed this a lot better on
you know on the 5 minute um
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00:11:56,568 --> 00:12:02,188
Going back to the one minute.
You know it's a very clean sort
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00:12:02,188 --> 00:12:06,028
of entry. We tap into a higher
point of interest. We can then
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00:12:06,028 --> 00:12:09,748
see we're breaking structure
using the 1 minute order flow
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00:12:09,748 --> 00:12:14,368
to get in trades. We tap in to
rebalance this candle. Last up
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00:12:14,368 --> 00:12:19,708
move. We mitigate that up move
perfectly before coming back
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00:12:19,708 --> 00:12:25,168
and you can see price never
comes back to that area. And
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00:12:25,168 --> 00:12:27,448
then how you manage from there
it comes down to your own
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00:12:27,448 --> 00:12:29,968
preference. But you know you
know how I do it with my
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00:12:29,968 --> 00:12:35,568
trading stop loss. Um But if
you wanted to set a target say
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00:12:35,568 --> 00:12:41,188
at this order block here. Let
me just mark it on so the
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00:12:41,188 --> 00:12:47,148
higher that order block then
you're looking at
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00:12:48,988 --> 00:12:58,728
24.6 R. Now I am still testing
what's better. Um trading the
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00:12:58,728 --> 00:13:05,868
stop loss and letting profit go
or setting the TP at an area of
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00:13:05,868 --> 00:13:11,188
interest so an order block and
seeing which one runs better
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00:13:11,188 --> 00:13:16,168
because I know that this could
have carried on and with a
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00:13:16,168 --> 00:13:18,388
trading stop loss then
obviously we can try with the
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00:13:18,388 --> 00:13:23,428
structure. So we could be
limiting ourself and vice versa
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00:13:23,428 --> 00:13:27,028
we could be leaving profit on
the table. So you know it's a
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00:13:27,028 --> 00:13:31,268
tricky one but it comes down to
what you've seen in your
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00:13:31,268 --> 00:13:36,908
testing and what you're more
happy doing. Um but yeah I'll
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00:13:36,908 --> 00:13:39,068
be honest with you and just say
that I'm I'm still testing
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00:13:39,068 --> 00:13:45,608
both. But yeah um that's gonna
be EU. Er just under twelve R.
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00:13:45,608 --> 00:13:50,588
And if you have any questions
as always feel free to send me
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00:13:50,588 --> 00:13:54,788
a DM and I hope you all have a
really good weekend and let's
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00:13:54,788 --> 00:14:00,088
have a really good weekend of
markets again for next week.
12541
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