The Algorithm trader ๐ŸŒ
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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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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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Watching out for possible bearish rejection off this shaded region...
โค3
News today, I am not trading today !
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The Algorithm trader ๐ŸŒ
News today, I am not trading today !
Feds interest rate coming out soon, the most important of them all ๐ŸŒโ€โ™‚
The market is messy right now , best to sit back and watch it like a movie ๐Ÿ„โ€โ™‚
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Now the news has done its job , let's get back to work ๐ŸŒโ€โ™‚
The Algorithm trader ๐ŸŒ
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 ๐Ÿ„โ€โ™‚
Looking at a possible bullish incomplete rejection block rejection
Careful traders, news today ๐ŸŒโ€โ™‚
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No entry given yet, possible view ...
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 ๐ŸŒโ€โ™‚
The Algorithm trader ๐ŸŒ
Two possible reaction levels ...
Poi2 ... not the best of entries tho ๐ŸŒโ€โ™‚
Watching this imbalance for a possible bearish rejection to the downside ...
The Algorithm trader ๐ŸŒ
Study the smaller timefames for algorithmic willingness
Price simply touched the imbalance and falling 150pips , ๐Ÿ„โ€โ™‚
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Last week was a bad week for me as a trader , but this week ?
Every single lose made last week has been fully recovered , not only that , made some good pips run this week ๐ŸŒโ€โ™‚
Thats trading for u , there must always be bad days , but how u handle the bad days matters ... do u learn from it or u let it get to u ? Its in your hands friends ๐ŸŒโ€โ™‚
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