Market outlook for EURCAD

ANALYSIS STEPS:

1) What caused this Market structure shift? (2HR ORDER BLOCK BLOCK).

The market structure shift occurred on the 15 minutes timeframe.

2) Do we have liquidity after the MSS? (YES)

3) Between the OB and the BB, which is the closest to our liquidity? (OB)

4) Therefore our POI is on the OB.

Market didn't tap me in but ran straight to Tp...

I'll stay out of the trade.

But where were you expecting to be filled at? I suggest you place a pending order where you intend to be filled in at then take a screenshot showing the pending order so that people understand what you are saying. Cos I assume you were expecting price to fill you in at a certain price which you didnt clearly indicate on the chart. But if you had placed a pending order at that point it would be easier to spot.

Actually my pending order is at the area you saw the long position indicator on the chart.

I placed it there for a clear idea of where I'm entering from.

okay

Kudos to those trading this strategy but I don't think it is for me yet cos i cant sit around watching price move without taking a trade. i have just gone short on gold at the bearish engulfing pattern in the white square. The thing about waiting to be filled in is that sometimes it doesn't happen.

Scalper?

Nah I'm a day trader @kemi, to me this strategy is looking like it would suit a swing trader.

No strategy is bad ...

That's just where good psychology comes in

Anyway I agree with you, Afterall if you do not find a setup on one instrument, you will find on another. But you know there are some traders who only focus on one pair so for them they will need to trade daily

They say a good trader knows not 100 different moves but 100 different ways to trade one move. As you progress in your trading career, you should be able to spot opportunity where others don't. if you cant find a setup on one instrument in 24 hours then you need to re-sharpen your skill set. Except you are a swing trader or you have specific trading hours, but any experienced day trader should be able to find a setup within 24 hours. Every strategy needs some modification every now and then, its not a bad thing.

It all comes down to what style suits you best.