Here we go... If you ever bumped on an ict 2016/2017 lecture of WENT series then you should have a fair idea. Seasonality is just the tendency of a currency, a metal or any asset class that has got a futures contract to make a low or high at some point within its existence. From the front month down to the period of maturity. By saying any asset class it's obvious. We've got a lot I'll mention some weird ones like the lean hog, cattle, rough rice, canola, ethanol, pork cutout, live cattle, feeder cattle, and steel scrap amongst others.
Here's a sample seasonal chart for the euro. Here, we've got the tendency for the euro to make a seasonal low during autum... September to November; with respect to the footprint the euro leaves as collected 1998 through to 2019..that much worth of data
Revisiting the COT data real quick, we can see a sharp decline in open interest giving a clue that there's a lessening of longs as the commercials get ready to start pumping in some shorts to pair up the longs during the sell program. This is influencial folks. Next we take a closer look at the "zero line"
Observe how they work around that zero line during a period where we anticipate a reversal. Folks that's a sign of an accumulation and also on the EURUSD chart a currency pair, we've seen the first sign of the Algorithm in the form of a momentous rejection away from the discount array
HERE'S JUST A LITTLE JUICE ABOUT IT FAM. THE REST TO BE SHARED IN THE MENTORSHIP
The Algorithm trader 🏌
one thing about been successful in trading is , ' pay attention to the current movement in price ' because init contains everything about the future market
can i say i saw the future before the future arrived ?🏌🏿♂️
The Algorithm trader 🏌
As a trader , it is crucial that u Understand 1 who is the control of the current move in a market , 2 the reason behind the current move. 3 where the current move is headed ... Number 1 is key 🏌♂ I would love to see Algorithm carry price into this…
Can I also say , I saw the future before it happened ? 🏌♂ Approaching take profit ... Remember , this is weekly time frame
Pay attention to major and minor market structure !
There's hidden treasure of knowledge init 🏌♂
There's hidden treasure of knowledge init 🏌♂