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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Paying attention to this breaker block , here denoted by the shaded box
Would be looking for reactions on its smaller time frames
Possible outlook, drew this down , forgot to post πŸ“«
Look at stucture
πŸ”₯2
Today is nfp, watch out for highs and lows or imbalances ...
I am not trading today by the way πŸ˜‰
The Algorithm trader 🏌
Possible outlook, drew this down , forgot to post πŸ“«
Well not where I predicted , what matters is how I entered ... 130pips taken .. partials taken ..
The Algorithm trader 🏌
Weekly study πŸŒβ€β™‚ 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 , damnπŸ₯ΆπŸ₯ΆπŸ₯ΆπŸ₯Ά
πŸ‘1
Now watch the subordinate time-frame, what do u see algorithm and the banks doing ?
Let's make some discussions on usdcad shall we ?
Using the principle of , past present and future, u would see it is very clear that algorithm is aiming for 1.55830 or atleast its immediate high to start with , so inside structure , u would see that the current bullish bank move was its previous breaker block ....
I hope its clear now?
Furure market using principle of double rejection, as it stands the banks are set to take their profit off this low ... in a 'bearish minor structure manner '
Trading is all about understanding the what the algorithm and the banks are doing ... thats all ... and to crown it all , just don't go below the 4h ...