The Algorithm trader π
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Study this , I gave u the reason before it ever happened right ? This was September 22 last year right ? Can you see what time frame this is ? Its the monthly time frame ...
The htf gives the market direction , the ltfs moves inline with the market direction the htf gives
The Algorithm trader π
One thing u should put at your mind is algorithm usually alert the banks on HTF zones , the banks then check for validation using its surbodinate timeframes .. and what they are looking for is 1 immediate minor structure break 2 consolidation 3 reversalβ¦
Now let's use my previous cad jpy monthly as the htf ,
The Algorithm trader π
One thing u should put at your mind is algorithm usually alert the banks on HTF zones , the banks then check for validation using its surbodinate timeframes .. and what they are looking for is 1 immediate minor structure break 2 consolidation 3 reversalβ¦
Now look at the monthly shaded box reaction on the daily , what do u see ?
Do u see it too ?
Do u see it too ?
The Algorithm trader π
Broken even on this ..BTC is still within it bearish minor structure , should this shaded box be broken to the upside , then bullish possibilities could be entertained , price is currently reacting off liquidity to the left , should the daily candle closeβ¦
650pips and counting π₯Ά
The Algorithm trader π
Possible outlook, drew this down , forgot to post π«
Well not where I predicted , what matters is how I entered ... 130pips taken .. partials taken ..
The Algorithm trader π
Taking advantage of this reclaimed breaker block ...
Take profit met. β€οΈ ... daily time-frame right ?
The Algorithm trader π
Weekly study πββ I would be more comfortable with this if there is an immediate break of the previous high
Caught the buy, hit take profit worth thousands, and now my sell poi 2 was triggered as a snipe and currently falling 30,000 pips ... on a standard account this trade , holding on a long term , damnπ₯Άπ₯Άπ₯Άπ₯Ά
π1
The Algorithm trader π
One thing u should put at your mind is algorithm usually alert the banks on HTF zones , the banks then check for validation using its surbodinate timeframes .. and what they are looking for is 1 immediate minor structure break 2 consolidation 3 reversalβ¦
Htf poised an imbalance rejection