Skanas:
Pls how do you approach this liquidity hunt stuff by MM to avoid beaten / avoid price going ur way without you....
Pls add ur view with chart below...

Difficult to predict what MMs will do with any level of certainty.

A general rule of thumb for me is - if I see a double top/bottom and I expect price to reverse, but then price refuses to make any decent pullback but rather goes back to make a 3rd or more retest on the same level, then I become alert of a potential break (stop hunt). Doesn't always work, but it saves me a lot.

In this case of your screenshot, EG is just making a double bottom, so it's fair to expect a W Bounce. However, if you see price coming back to the level again, then you probably need to become defensive of your position.

Impenia:
Difficult to predict what MMs will do with any level of certainty.

A general rule of thumb for me is - if I see a double top/bottom and I expect price to reverse, but then price refuses to make any decent pullback but rather goes back to make a 3rd or more retest on the same level, then I become alert of a potential break (stop hunt). Doesn't always work, but it saves me a lot.

In this case of your screenshot, EG is just making a double bottom, so it's fair to expect a W Bounce. However, if you see price coming back to the level again, then you probably need to become defensive of your position.

Thanks Brotherly....I appreciate

Skanas:

Thanks Brotherly....I appreciate

I get to miss a number of trades with that outlook but that's a tradeoff I'm willing to make.

AUDJPY..
Maybe we will get a sell here.
You can see the rejections as highlighted with the red arrows.
If we get enough rejections with the blue arrow, then its gonna sell like mama Nkechi's hot rice and beans..lol
Any how, good luck to us.

is it true that setups that are very obvious fail most of the times?

EURNZD..
If we get enough support at the area the red arrow is pointing towards, price should should upwards.
Good luck.

Impenia:
Equal highs on Gold. Are they gonna break that to hunt liquidity above? Who knows!

Indeed! Just as we suspected. Equal highs/lows usually have a lot of liquidity above/below them. MMs know the retail universe like to sell/buy from those levels, so they go hunting for liquidity (retail SLs). Don't take my word for it, I'm just guessing.

USDSGD..
Guys remember this, I posted it on page 125.
Very slow pair but I think the rejecting is building up.

Gbpnzd buy@2.03231 Tp 2.04000 Sl 2.02800

PIPnator10:
AUDJPY..
Maybe we will get a sell here.
You can see the rejections as highlighted with the red arrows.
If we get enough rejections with the blue arrow, then its gonna sell like mama Nkechi's hot rice and beans..lol
Any how, good luck to us.

nice. I checked weekly chart, its like pice is resting on strong support

signalsmedia:
is it true that setups that are very obvious fail most of the times?

bosses pls thow more light on this

I will attempt to short Gold if it gets to 1613. That's around 20 pips above the 1610 high. Most folks will try to short exactly at the 1610 level, so I expect a bit of a push higher for Stop Hunt first. Also that price level is just around today's ADR High and this week's AWR High.

The market has no regards for my analysis. It could turn before getting there or even blow past it like a rocket. Proper MM is key.

signalsmedia:
nice. I checked weekly chart, its like pice is resting on strong support

Can you post a chart to it so I can understand better make i no go burn my hand with the sell!

I'm taking a bet here on EURCAD. Seeing a potential Rail Road Track right at the 1.43 psychological handle.

PIPnator10:



Can you post a chart to it so I can understand better make i no go burn my hand with the sell!

am finding it hard to drop chatt because of my phone. but put two horizontal line on 94.00 and 92.50, then switch to weekly TF you will see it.

EURAUD BUYING 6130 SL 6100 TP 6200

signalsmedia:
am finding it hard to drop chatt because of my phone. but put two horizontal line on 94.00 and 92.50, then switch to weekly TF you will see it.

Horizontal line at 74.00/72.00 or 94.00/92.00?
Well I will stick to my analysis for now.
The condition says if we get rejection along the descending trendline, then its a sell but if not, bias might change.

PIPnator10:


Horizontal line at 74.00/72.00 or 94.00/92.00?
Well I will stick to my analysis for now.
The condition says if we get rejection along the descending trendline, then its a sell but if not, bias might change.

74-72 I mean

Impenia:
I will attempt to short Gold if it gets to 1613. That's around 20 pips above the 1610 high. Most folks will try to short exactly at the 1610 level, so I expect a bit of a push higher for Stop Hunt first. Also that price level is just around today's ADR High and this week's AWR High.

The market has no regards for my analysis. It could turn before getting there or even blow past it like a rocket. Proper MM is key.

Price shy of the 1610. Patiently waiting. Factual fact stated

saxy4c:
EURAUD BUYING 6130 SL 6100 TP 6200

I actually bought this but close it. Been buying euro but not comfortable with the daily candle for EA yesterday. More pips to us

signalsmedia:
74-72 I mean

The descending trendline got broken now but I still hold a strong sell bias until the levels of the other rejections get broken.
I will consider buying if we get a breakout of the resistance around 74.340
Good luck to us.

Impenia:
I'm taking a bet here on EURCAD. Seeing a potential Rail Road Track right at the 1.43 psychological handle.

My oil bullish bias will not want me to trade against cad yet. Ucad sell and waiting still on ecad.

SL hit -1R
Enter again buys
Gbpnzd buy@2.02450
Tp 2.04000
Sl 2.02000

saxy4c:
Gbpnzd buy@2.03231 Tp 2.04000 Sl 2.02800

Buying NZDUSD 6405 SL 6370 TP OPEN

Blackeurop:

You are high on stoplosses, please lets keep to topic, I'm as well George solo.

are we there yet?

just carry my kaya comot , will comeback to mkt by 4.30 after inventories data release

They want us to miss the EUR reversal, as far as I can suspect, EU is gradually printing its lows.

infofirst:
I actually bought this but close it. Been buying euro but not comfortable with the daily candle for EA yesterday. More pips to us

Reentry trade up 85pips 3R loss recovered.
CPI came out as expected, that's why my GBP buys across board.

saxy4c:
SL hit -1R. Enter again buys
Gbpnzd buy@2.02450 Tp 2.04000 Sl 2.02000

Both GBPJPY up 155pips 6R
Both GU up 50pips 2R

saxy4c:
If you missed the first GBPUSD buy 3030 is here to enter again.
GBPJPY 142.95 sweet to enter again, can use 25pips stop if it's a fresh trade.

saxy4c:
Both GBPJPY up 155pips 6R
Both GU up 50pips 2R

Na you dey stop my GBP out at BE Shey.. Saw my GA and others wiped out profit. Bull and bear will eat thou.

saxy4c:
They want us to miss the EUR reversal, as far as I can suspect, EU is gradually printing its lows.

Yeah.

currentprice:


are we there yet?

just carry my kaya comot , will comeback to mkt by 4.30 after inventories data release

where you dey go? Enjoying the market, trading today mostly I get involved by U.S. open, my juniors handling things, I'm stressed from 4 hours daily sleeping, taking a proper rest as doctor said.

Making money trading is not that easy, don't think I made it so easy, I sacrificed my sleeping hours for this.

currentprice:


are we there yet?

just carry my kaya comot , will comeback to mkt by 4.30 after inventories data release

I introduced stop at +2pips