Looking for the first Liquidity

1% overall risk on that trade.

Reduced my RISK to 0.75%

Time to go out for shopping with family and therefore leave my trading station for today.

If the trade plays out there would be clear 5 waves down and a possible SWING BUY opportunity as well no matter what (simple retracement ABC or Wave 5 incoming)

I'll see that tomorrow anyway.

I'm out

Got stopped out yesterday at breakeven 7pm UTC time.

I guess this wave 4 is not over yet.

I will be looking for re-entry at some point.

Another example of understanding wave analysis. Wave (iii) is now pausing at 161.8% and will be more likely extend to the 200% level shortly where you also get some liquidity interest around there.

I don't think I will be trading BTC today. This is the kind of price action that I stay away from.

There is also a NEW EVENT today: Powel Speech. Even though I don't expect big volatility we could start/end a figure there and it will be too late for me.

Yesterday I opened a position outside of my trading window and I didn't feel very conformable. That's why I decided to lock the position at breakeven.

I'm 100% on the FTSE today... I got REKT this morning by doing a big mistake. Moving my SL....

I lost 2% straight on my challenge and 1.5% on my Live account

We can another mistake as they were a news coming at 9am at the UK parlement

Finally waited patiently and started to count waves and look for confluence.

This a A+ setup for me:

When you have a blow off top followed by 5 waves down (picture) then there is very high likelihood that another impulse down will show up (wave C or Wave 3)

Now looking for a 10R Swing down.

This a good case study while BITCOIN is doing absolutly nothing today.

Double impulse that form an ABC and went closed to the 78.6% level

Volume IMBALANCE usually gets filled. This is a new concept covered by ICT (The Inner Circle trader) on Twitter or Youtube. That was a 4h Volume imbalance not a Daily