The Algorithm trader ๐
I would give y'all this for free , every daily candle contains the next day judas swing formation candle ... What I mean is , when u wanna trade in a new day, look for rentry within the previous daily candle, possible 50%( not always so) above or belowโฆ
Now this is the weekly chart, pay attention to the horizontal trendlines , can u see now ? Price judas into its previous week candle and starts to bull from there ... u understand now right ?
Pick the previous daily or weekly or monthly candle, expect the next daily or weekly or monthly candle to judas into it , and you know what to do next ๐โโ
Pick the previous daily or weekly or monthly candle, expect the next daily or weekly or monthly candle to judas into it , and you know what to do next ๐โโ
๐ฅ4
The first first thing , pick the high and low of the previous candle ( daily as an example) then expect the new day to trade into it first , then still on that candle , anticipate the present price to get into 50% ( always comfortable for me to see price get into 50%) then start looking for your rentry , .... algorithm usually do this first to fake traders and bring in the banks into the current direction of the market .., full stop
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The Algorithm trader ๐
News today, I am not trading today !
Feds interest rate coming out soon, the most important of them all ๐โโ
The market is messy right now , best to sit back and watch it like a movie ๐โโ
๐ฏ2
Now the news has done its job , let's get back to work ๐โโ
The Algorithm trader ๐
I would give y'all this for free , every daily candle contains the next day judas swing formation candle ... What I mean is , when u wanna trade in a new day, look for rentry within the previous daily candle, possible 50%( not always so) above or belowโฆ
This clear now ? ๐โโ
๐ฅ2
The Algorithm trader ๐
Looking forward to how price reacts off this incomplete rejection block
Absolute no drawdown, no single drawdown , touch and falling 8788pips and counting, take profit1 target met ๐โโ
The Algorithm trader ๐
Price currently reacting off the previous high , a close below should see price head downwards
2909pips falling and counting ๐โโ
One thing about news is this, Newsday move price is one direction, then the following days price then moves the opposite direction .... this is not 100% accurate tho ๐โโ
The Algorithm trader ๐
Two possible reaction levels ...
Poi2 ... not the best of entries tho ๐โโ