The Algorithm trader 🏌
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We focus mainly on what actually creates the market "algorithm"
Disclaimer ...!Every analysis sent to this channel are for "educational purposes" not for signals . should u be interested in understanding this algo,
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@thealgorithmtrader
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looking at v75, judging from the daily timframe i want to see how price reacts off this level, should i get what i want to see , then i would bear to this level
but looking at the daily, this previous high is looking like algorithm engineered it for the poi above ... so now i have two things to watch out for
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i initially forcasted the rally of v75
The Algorithm trader 🏌
i initially forcasted the rally of v75
forcasted this june 30 , before i launched this channel , what am i pointing at ? as a trader the most important thing is understanding how algorithm works . yes u might hit stoploss , u might loose more than your wins , but just one trade gotten right can cover all losses .. dont give up
The Algorithm trader 🏌
take profit smashed 😎
now today is july 24 take profit smashed , now notice how this played out guys ,,, if u pay attention to my forcast on this pair , u would see that i said algorithm should engineer more buy and sell stops , algorithm did just that right ?
future price rejection is always created in the price price movement !
The Algorithm trader 🏌
Which financial market would u love us to analyse more on ? .
voting ends 9am tommorow . and i would be posting analysis based on the result of this poll , starting monday so make sure u vote !
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tonight i would be dropping random educational outlook on currency pairs and perhaps the general financial markets
The Algorithm trader 🏌
daily yet to align with the monthly
it is already clear that we are in a bearish momentum , so i would like to see current price judas within the previous daily candle and resume its initial bear movement to the downside , note this current daily candle must not break the previous daily candle
one thing u need to have in mind is that palgorithm carries price from one level to another , once it has gotten to that level , within the market direction and structure , it tends to carry price to another level
daily explained
picking a rentry within fridays candle
The Algorithm trader 🏌
Zooming in ,u can clearly see this present market intention, very clear now that the algorithm has fetched a sell entry for the banks ... as it stands price should head for this major daily low , sweeping it violently .
price aims to take out that low as previously analysed , so i would be looking for sells in any new daily candle formation , within its previous daily candle . this would continue till we break this low