The Algorithm trader ๐
time for a long term sell
Take profit smashed , and still falling ...๐โโ
Environment of trade matters a whole lot to the algorithm, ... algorithm "must" create the market in its particular environment, this is where the minor structure comes to play , ... the one and the most important question u need to always ask yourself is ..
1 what environment of trade is this current market in ? Bullish or bearish ?
Once u can have that at the back of your mind , every other thing u do , "would " automatically align with number ยน
1 what environment of trade is this current market in ? Bullish or bearish ?
Once u can have that at the back of your mind , every other thing u do , "would " automatically align with number ยน
Note this , when the market is in
1 bullish environment, algorithm would continually create the market in the bullish way ,
2 bearish environment, algorithm would continually create the market in the bearish way ...
Algorithm just have to have the environment of trade before creating the market ...
Okay , how can we get what environment of trade we are in akaiso ?
1 on the htf , check if the market is
Either
A trading towards an entry level or take profit level ...
2 pay attention to its minor structures ! ....
Thats all u need ๐โโ
1 bullish environment, algorithm would continually create the market in the bullish way ,
2 bearish environment, algorithm would continually create the market in the bearish way ...
Algorithm just have to have the environment of trade before creating the market ...
Okay , how can we get what environment of trade we are in akaiso ?
1 on the htf , check if the market is
Either
A trading towards an entry level or take profit level ...
2 pay attention to its minor structures ! ....
Thats all u need ๐โโ
Market structure is not market environment, market environment is not market structure ๐โโ ...
The goal is to constantly
1 create the market ,
2 make the market a tradeable one ..
3 bring more and more and more money into the market...
So the question is
1 who does this?
2 how is it done?
1 create the market ,
2 make the market a tradeable one ..
3 bring more and more and more money into the market...
So the question is
1 who does this?
2 how is it done?
When a present move is ongoing , algorithm "must" create the future rentry and when that future comes
Algorithm
1 trades towards the previous future rentry level created ,
2 uses the future rentry level to then create the future market
Circle and circle ๐โโ
Algorithm
1 trades towards the previous future rentry level created ,
2 uses the future rentry level to then create the future market
Circle and circle ๐โโ
The Algorithm trader ๐
Price currently rejecting off the incomplete rejection block , we could face a bearish push to the downside ...
Currently falling 230pips ... two possible take profit levels ๐โโ
The Algorithm trader ๐
Possible bearish reaction
Sniped , no drawdown , falling 180pips ๐โโ 3 possible take profit levels ๐โโ
The Algorithm trader ๐
Photo
Don't forget , I got the current fall on cadjpy from the exact beginning ๐โโ
As a trader , I only focus on
1 what the algorithm and banks are doing
2 the banks possible entry level
3 algorithmic environment of trade ....
Anything asides this , I do not involve myself ๐โโ
1 what the algorithm and banks are doing
2 the banks possible entry level
3 algorithmic environment of trade ....
Anything asides this , I do not involve myself ๐โโ
The Algorithm trader ๐
Possible rentry, "should this low be taken " .. Its still very much early for a rentry to me , I would just sit this one out and see how the daily candle closes ... I am very very interested in seeing how the daily candle closes, very interested .. ๐โโ
Ohh well ๐โโ quick 50pips , intraday take profit met ๐โโ