11.10.2019 analysis: https://www.reddit.com/Forex/comments/duoc68/uthefrozen_one_strategy_analysis_and_prep_gj/submitted by Rich_Foamy_Flan to Forex [link] [comments]
DAILY SUPPLY AND DEMAND ANALYSISMonday - Definitely a day ruled by the bulls. Referencing my last post, there was not a whole lot that my trade entries (chosen before market) allowed me to do. A bit past the upper side of my chosen entry zone you will see a double top, and on the M5, it makes a pretty clean M pattern. However, because it was so extended, I simply didn't want to jump in and "Guess the Top". Those with better analysis than I may have seen the turning point as the perfect short, as it lined up with a high made on Nov 7 at about 10:45 just perfectly. Personally, I think it is difficult to decipher demand from noise on the M15, but today was a learning experience, as I was surprised to see so many levels blown out of the water by London's early moves. Lessons learned.
Anyhow, not much changed here in the larger time frames. Daily chart and H4 are creating a very nice volatility tunnel. A true tease, the guppy is not giving us much here. What really bothers me? On the daily chart, it looks as though the nearest upward spike peaked on Oct. 21. Look left and what do you see? Not a whole lot. Nothing in the way of major supply to stop the impulse we saw. Much like banks build their order book in the JPY session (depending on who you study), this appears to be the same thing only on a grander scale. Is the lack of supply/selling pressure enough to see this to 147.xxx in the coming month, or would the banks rather average down to better supply/price before making that same move...
POSITIONING OF POTENTIAL ENTRIES:This pair is in a lot of noise, and as such, like yesterday, I am truly thrown off about whether to choose a long or short bias. Rather, I will simply determine two points at which I feel I have both allowed myself to allow the market to make its move as well as allowed for the over extension necessary for good R:R.
To the short side, I like an entry of around 140.58. The red "1", "2", and "3" represent any unfilled orders in the near term. the 3rd level is the most opportune in my humble opinion. Beyond that, there is significant room to run, so I will be looking for good signs of reversal before making my entry.
To the long side, I am more cloudy. At the very least, the US/AUD low provides some simply stop hunt opportunities, but this is not as far out as I'd prefer. the M15 Proximal demand zone shows a fairly text book rally-base-rally. However, being on the M15, I am not putting much behind it other than a zone to watch should the long stop hunt move get blown by. The 3rd level of demand listed with the Blue "3", provides a location with unfilled stops that stand the most to lose given the last trading day.
All that said, I will wait and see which direction the market surges in London open (if at all), and then prep myself for the fade. Having looked through u/thefrozen_one trades, I am going to be looking for the following to assist my entry:
Green pips to all!
A tweezer top “fails” when a new high is achieved immediately after completion (candle), and a tweezer bottom “fails” if the next candle achieves new low How to Use Tweezers to Place Trades Tweezers, as in all candlestick formations, are most effective when found at previously established support or resistance. Bullish and bearish engulfing tweezer tops and bottoms and stars. How to install this indicator on your metatrader trading plaftform. Click here to download the compiled version of this indicator. The pattern alert v1 1 is a forex candlestick patterns indicator. The tweezer top formation is viewed as a bearish reversal pattern seen at the top of uptrends and the tweezer bottom formation is ... Tweezer top patterns happen quite frequently on charts. It depends on what conditions the tweezer tops form in as to whether or not they really don't mean anything or they're trade worthy. Take our candlestick reversals course. They can be continuation candles if they form in a pullback of a strong trend. This would allow you to get an entry. Tweezer Bottom formation consists of two candlesticks: Bearish Candle (Day 1) Bullish Candle (Day 2) Sometimes Tweezer Tops or Bottoms have three candlesticks. A bearish Tweezer Top occurs during an uptrend when bulls take prices higher, often closing the day off near the highs (typically a strong bullish sign). Tweezer strategies are popularly used in forex, as well as options and futures trading. How to Identify the Tweezer Top Chart. For a chart to satisfy a tweezer top pattern the following must hold. Two adjacent candlesticks where one or both touch a new recent high ; The first bar is a white and is followed by a black; The tops of the two bars should be level or nearly level; Because the ... What type of forex trading strategies can tweezer tops be applied to? In forex trading, there are many, if not hundreds of different types of candlestick patterns and this post is about one of them: the tweezer bottoms and tweezer tops candlestick patterns. Table Of Contents. What Is Are the tweezer bottom and tweezer top candlestick patterns? What Is The Psychology Behind The Formation of The ... Tweezer Tops and Bottoms: The Tweezers are a duo candlestick pattern. This type of candlestick formation is mostly spotted after a long up or downtrend. It indicates a reversal in the near future. This is what the Tweezers look like. Most effective Tweezers have the following characteristics: – First Tweezer has tob e in line with the trend. So when to market is in an uptrend the first ... A Tweezer Top is a bearish reversal pattern seen at the top of uptrends and consists of two Japanese candlesticks with matching tops.. The matching tops are usually composed of shadows (or wicks) but can be the candle’s bodies as well. A Tweezer Top occurs during an uptrend when buyers push prices higher, often ending the session near the highs, but were not able to push the top any further. Traders often talk about several candlesticks and candle patterns but "Tweezer Tops" is rarely mentioned. You can look it up or just look at the weekly chart on EU instead. It is a pattern that could mean trend reversal or at least a short term change in direction. A few qualifiers are: - A clear preceding up trend must be present. - The colour ... Tweezer Top/Bottom Pattern (Expo) indicator identifies real-time Tweezer Top and Tweezer Bottom in any market and in any timeframe. This is an enhanced version of the pattern which enables higher accuracy, and noise filtering. In addition to that, Tweezer Levels can be displayed which can be used in many different ways, for instance, as a stop loss level, or to confirm the signal.
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Candlestick Patterns Tweezers Tops & Tweezers Bottoms forex trading for beginners urdu \\\\\ Tweezer Tops and Bottoms The Tweezer Top formation is a bearish reversal pattern seen at the top of ... Tweezer tops and bottoms Candlestick [How to use] Tweezer Top and Tweezer Bottom - Learn how to use the two types of Tweezer Candlestick Pattern in your dail... Thank you for joining me for another episode of the 10,000 Trades Show. Today I am bringing you a Tweezer Top trade. This reversal trade sets up at a key sup... This video is unavailable. Watch Queue Queue