DAILY TRADE SETUP

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@asuquokelvin - 9 hours ago
Quoted - koms55

But what do you mean by "price and imbalance which it must fill" where is the imbalance and what price are you talking about?

You don't just look at the 15 min to 1min to trade, you look at the bigger picture, from the 4hrs up, look at the image properly, the blue box covers the imbalance from the 4hrs so price will definitely move upwards to fill that place it may not happen immediately but will definitely happen as unmitigated zones like that acts as magnetic for price to revisit

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@yokoyi - 9 hours ago
Quoted - asuquokelvin

I know they act as magnetic, but am viewing the market beyond that fix level for the day

This is the 4H chart for EUR/USD I see price is rejecting at a previous London session high/low that may be the turning point.

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@yokoyi - 9 hours ago
Quoted - asuquokelvin

I know they act as magnetic, but am viewing the market beyond that fix level for the day

What I noticed is that if there is an option barrier at say 1.1500 and it is large enough to attract price towards its direction, the price reach 1.1500, pass it, and still keep going down. I call it residual selling energy. But after a while I notice it will bounce of a key level and start reversing

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@asuquokelvin - 9 hours ago
Quoted - yokoyi

What I noticed is that if there is an option barrier at say 1.1500 and it is large enough to attract price towards its direction, the price reach 1.1500, pass it, and still keep going down. I call it residual selling energy. But after a while I notice it will bounce of a key level and start reversing

That's exactly what am saying, now once that bounce occur and fail to break above a key level but breaks strongly with a full closure below the 1.1500 you continue the sell, but if a key level is broken to the opposite side you wait, it may sweep a low below that 1.1500, so that's what am seeing currently, it's just to react to price I don't really trade base on predictions but I trade base on price reactions

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@asuquokelvin - 3 hours ago

This was another risky trade for the day but I had my why? I only react when price react, I looked at the 1hr and I noticed the last 2 candles swept each other and then the 3 candle was yet to sweep the 2 candles high or break above it, I looked at the 5min there was multiple rejections at that level so I knew there was another high to be created before price falls, then I entered the buy

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@asuquokelvin - 3 hours ago

Price already at my tp! That was a nice scalp

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@asuquokelvin - 3 hours ago

Tp successfully taken , I close for the day

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