The Algorithm trader 🏌
548 subscribers
10.5K photos
71 videos
102 files
76 links
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,
Contact the admin

@thealgorithmtrader
Download Telegram
Let the monthly close give us his hand
Should price close below that ph , we could start to observe a bearish possibility,  but above it , then price would look to reach for its breaker block just above... πŸŒβ€β™‚
Should price close above this current previous high, I expect this next msh to be taken out , should it close below that high, we are headed to the downside ...
Please study jpy pairs ... their monthly closing is important, it could open the door for a very very long term move in this market , either bearish or bullish, in the meantime we shall see ...
I might not necessarily pull up any trade this week , I would study the present creation for this week ... and the next and maybe the next .. within these weeks , algorithmic decision would have been made ...
We are still bearish , I hit stoploss on this pair , was looking out for a sell when price was doing the opposite ... anyways, a lost opens your eyes to the market in a way that your mind would never have comprehended ..
Characteristics of a reversal pattern ?
Once I see a close below this previous high, I become bearishly inclined ...
So its two ways ... I would just sit iut the remaining of this month ...
The Algorithm trader 🏌
Rentry sniped, and currently running 340pips ... approaching its take profit 1 , Yes I was in this crazy week's fallπŸ˜‚β€οΈ
Now if u were present on day 1 and 2 .. I have these few questions for u ...
1 check,  do u see any reversal pattern ?
2 was all its characteristics  met ?
3 what market environment are we?
4 where is price coming from ?
5 so now where is price heading to ?
Do u understand  now ?  Simple to pull off right?  πŸŒβ€β™‚
Get ready !
πŸ”₯4
Okay , the 3 day meeting has ended, ❀️ .. I hope we all learnt a thing or two ? β€οΈπŸ˜‚
❀2
If u were in my 3day meeting ,
You should understand this right ? πŸŒβ€β™‚
Algorithm "must" take out that previous high
πŸ‘3
See that imbalance