Price Action, Market Structure and Nothing Else

[jlliliko89]

Hello everybody,

I will be trying to maintain a log with my trades analysis for studying purposes.
The trades will be made in my account. I plan to use those trades for studying functions the losing ones.
My trading egy is based on limit orders. So, they will be posted BEFORE it triggers.
In some situations the trade may not be triggered, or be canceled due to change in market structure.

I don't chase trades. They come to me, or no deal. This usually gives me a much better R:R.


MY TRADING STYLE
Price action Market arrangement.
My intention is to understand what price is performing and where is going. I use a top-down approach for my analysis.
I rarely use any TF under 1H, unless I am trying to find a better entry from an on-going impulse movement.
I use no indiors.


Everyone is welcome to post and share their thoughts here as long as you follow 3 simple guidelines:

Rule #1: No hindsight traders.
Win or lose we are here to learn from our errors. You can only find out if you accept you're wrong. So be transparent, nobody is here to judge you.

Rule #2: Be respectful.
I won't tolerate bickering and cock combat. Therefore, leave your ego at the door.

Rule #3: No indiors EAs. Maintain your chart clean.
I have no interest in your Christmas tree charts or flashing indiors. I am not here for clubbing or the holidays.


Let's Get to it!

[jlliliko89]

Game Plan for NZDUSD
Long-term: Bearish
Caution: Not certain

This pair is in a range so its fair to presume it'll go to the bottom of the range. I would love to find another push upward or price action verifiion beneath the TL.
https://www.nigeriaforextrading.com/attachments/1528687444266866749.jpg
https://www.nigeriaforextrading.com/attachments/15286874461146640784.jpg

[jlliliko89]

Game Plan for GBPCAD
Long-term: Bullish
Short-term: Bearish

I believe price will fall into the region marked on the next chart, which will be where I'd search for a lengthy entry.
I'll be checking this pair carefully to see If there is an entrance to go short before the long.
https://www.nigeriaforextrading.com/attachments/15286874481889110013.jpg
https://www.nigeriaforextrading.com/attachments/15286874511612316966.jpg

[jlliliko89]

Game Plan for GBPCAD
Extended: Bullish
Caution: Bearish

This is one of the situations where I will go to a LTF (lt;1H) to Attempt to find an entry. The transfer is clearly down and as I said in the very first post: I don't chase transactions. I'm following the R:R, therefore I shall wait and see when price does WHAT I WANT it to perform. If really does, great! I will jump in. If not, c'est la vie.
https://www.nigeriaforextrading.com/attachments/15286874531604346547.jpg

[jlliliko89]

Game Plan for CADCHF
Long-term: Bearish
Short-term: Bearish

This pair is https://www.tradingview.com/ideas/bearish/. It's likely for the lower part of the range. Unfortunately, it's too far ahead to ch it.
However, it's 100 pips away from first goal and possibly 300 from the base of the range. I will monitor it to see whether it will give us an entrance in a LTF. It likely will not happen, but we'll see.
https://www.nigeriaforextrading.com/attachments/15286874561144047375.jpg
https://www.nigeriaforextrading.com/attachments/15286874571519256976.jpg

[jlliliko89]

Game Plan for AUDCAD
Extended: Bullish
Short-term: Bearish

This is a Catchy pair. We are currently in a bullish upper channel, but price is ready to push bigger again. However, because the previous move was a really strong one, it may wind up breaking market structure. I will wait for price action at that level. Ideally, I would like to visit a stop raid and rejection in order to go long. We'll see.
https://www.nigeriaforextrading.com/attachments/1528687459963374959.jpg
https://www.nigeriaforextrading.com/attachments/1528687462268928061.jpg

[jlliliko89]

Game Plan for CADJPY
Extended: https://www.tradingview.com/ideas/bullish/
Short-term: https://www.tradingview.com/ideas/bullish/

I Believe price is forming a triangle at the Long Run. Currently we are in the base of the triangle granting us a very long prospect.
https://www.nigeriaforextrading.com/attachments/1528687464331432246.jpg

[jlliliko89]

Trade#001 | Long for CADJPY

This Transaction hasn't triggered yet.
https://www.nigeriaforextrading.com/attachments/1528687466395560236.jpg

[jlliliko89]

Game Plan for EURGBP
Long-term: Be arish
Short-term: Bullish

This pair is in a Station and approaching the top part of it.
https://www.nigeriaforextrading.com/attachments/15286874681103260855.jpg

[jlliliko89]

Trade#002 | Short to EURGBP

This trade has Not triggered yet.
Although the entry, SL, and TP are indied, I'll attempt to get a better price by going to LTF when price approaches the place.
https://www.nigeriaforextrading.com/attachments/15286874702130290118.jpg

[jlliliko89]

Trade#003 | Short for NZDJPY

Though I Am short already, I Am looking a Chance to sell more. I think this pair will last to return for some time.
https://www.nigeriaforextrading.com/attachments/1528687472259361055.jpg
https://www.nigeriaforextrading.com/attachments/15286874741366382074.jpg

[jlliliko89]

I chose to not post my trades here since I am already posting it on https://www.tradingview.com/u//. Go there if you want to check out them. I'll be posting possibly daily the end result of the closing trades along with the motives for doing such.

NZDUSD
Profit: 97 pips
Description: I shut in the Order Block of preceding market structure. Looking back, I should have held it somewhat longer although it was not looking so sexy in LTF. We may observe the market was in a downtrend after a halt raid.
It isn't clear to me where price will proceed at this point, but I am considering that a 78.6 retracement.

Https://www.nigeriaforextrading.com/attachments/15286874761386860640.jpg



AUDJPY
Profit: 70 pips
Description: At precisely the exact same time I shut the NZDJPY, I chose to brief this pair since it game me a nice flag. My departure was in the resistance. Price reached the 78.6 degree so I am expecting a correction now.

Https://www.nigeriaforextrading.com/attachments/15286874781761813018.jpg


GBPUSD
Profit: 248 pips
Description: Following the TL fracture and attaining the 78.6 degree, I figured we're going bearish. I shut the position at a support level. I had some good profit and was not eager to return. Looking back now I am kicking myself in the balls lol. Can't complain much.

Https://www.nigeriaforextrading.com/attachments/15286874801688743425.jpg



GBPCHF
Profit: -40 pips
Description: This transaction went belly up. We had reached the 61.8 level along with a rest from the TL. Price went very quick, so I was expecting a deeper correction. Because this is a counter tendency I did not risk much. Do strong moves lead to a curse that is shallow? https://www.nigeriaforextrading.com/attachments/1528687416.jpg

https://www.nigeriaforextrading.com/attachments/15286874831630108526.jpg

[jlliliko89]

MARKET ANALYSIS

AUDUSD
I expect price to retrace to the resistance level before Going lower. Start looking for affirmation in LTF before inputting brief.
Https://www.nigeriaforextrading.com/attachments/1528687485709192397.jpg

AUDJPY
This pair is not quite apparent to me. It seems like its creating a double bottom at a TL Resistance level. Price could rebound following a stop raid prior to moving up, or perhaps create a station range before breaking lower. No trades for me on this pair.
Https://www.nigeriaforextrading.com/attachments/1528687487582310921.jpg

AUDCAD
Price is close to the TL and resistance level. It generated a double bottom that could grow to be a stop raid. Await confirmation to go into. It price creates a station, sell at the top and expect a rest below. I am in this trade, but buying instead til I hit the marked zone.
Https://www.nigeriaforextrading.com/attachments/1528687489121787053.jpg

CADJPY
Price is producing a down station in the Long Run. I expect a pullback to the marked level prior to breaking lower. LTFs may give a buy opportunity. Await confirmation either way.
https://www.nigeriaforextrading.com/attachments/1528687491950181474.jpg

[jlliliko89]

MARKET ANALYSIS 2

CADCHF
Price is producing a upper channel heading to a key degree. Start looking prior to selling for confirmation. Buy opportunity may be present in LTFs.
Https://www.nigeriaforextrading.com/attachments/15286874941936992979.jpg

EURUSD
Price lately broke out from a strong up move. So that I expect a pullback into the degree marked, now is going down rather quick. Wait for confirmation. Buy opportunity may be current before price proceeds moving reduced.
Https://www.nigeriaforextrading.com/attachments/1528687496832784250.jpg

EURGBP
Price lately awakened from a strong up move like EURUSD. This implies that EUR is feeble. Same thought here, wait to market. Buy opportunities may be present in LTFs.
Https://www.nigeriaforextrading.com/attachments/1528687499706605409.jpg

GBPCHF
Price is in a top notch channel. I anticipate price to break below at any moment. I in this trade. I might add to the place after the rest or any confirmation like flags beneath the TL.
https://www.nigeriaforextrading.com/attachments/1528687501618539506.jpg

[jlliliko89]

MARKET ANALYSIS 3

GBPUSD
Price broke under the TL and is now Making a channel. Sell at the rest of the station, or on Top of it. Buy opportunity might be found in LTFs.
Https://www.nigeriaforextrading.com/attachments/15286875031276642414.jpg

GBPGPY
Price jumped under the TL and is presently creating a station similarly to GBPUSD, which indies GBP is feeble. Sell at the rest of the station, or at its top. Buy opportunity might be found in LTFs.
Https://www.nigeriaforextrading.com/attachments/1528687506592010766.jpg

GBPCAD
Price is producing a triangle. Price could break under and heads up, or just break up. Further confirmation is necessary. No trades here.
Https://www.nigeriaforextrading.com/attachments/1528687508658001306.jpg

USDCAD
Price is moving up, but at the time is creating a station. We can buy at the bottom of the station, or wait for a rest to buy.
https://www.nigeriaforextrading.com/attachments/15286875111323847327.jpg

[jlliliko89]

MARKET ANALYSIS 4

USDJPY
Price is creating a triangle at the 4H. It could break to side. Since a double bottom was establishes. I am inclined to believe price will break up. No transactions here for the moment.
Https://www.nigeriaforextrading.com/attachments/15286875131923904583.jpg

USDCHF
Price is shing upward and in the moment created a triangle. Wait for a rest, or pullback to buy.
Https://www.nigeriaforextrading.com/attachments/1528687516316736643.jpg

NZDUSD
Price is heading to a key degree. Expect a dip buy confirmation in LTFs, until price continues to move lower.
Https://www.nigeriaforextrading.com/attachments/152868751851164114.jpg

NZDJPY
Similar to NZDJPY, price is heading to the marked area. Expect a bounce and a trend reversal following a period of which range.
https://www.nigeriaforextrading.com/attachments/15286875201328415608.jpg

[gaoxyn26]

Subscribed. I enjoy price action too. Simple is beautiful.

[jlliliko89]

Subscribed. I enjoy price action too. Simple is beautiful. Thanks for the sub!

[isoxel]

All of the very best and, good luck.

[jlliliko89]

All the very best and, fantastic luck. Thanks my friend! Good luck to you.

[jlliliko89]

RECAP 1
Click from the pair to Observe the market analysis from TradingView.

https://www.tradingview.com/chart/AUDUSD/54Y0p5bR-AUDJPY-Analysis/
AUDJPY
https://www.tradingview.com/chart/AUDCAD/0F6C19RV-AUDCAD-Analysis/
https://www.tradingview.com/chart/CADJPY/L83WqiRu-CADJPY-Analysis/

[jlliliko89]

RECAP 2
Click in the pair to Observe the market analysis in TradingView.

https://www.tradingview.com/chart/CADCHF/tVqmi6v6-CADCHF-Analysis/
https://www.tradingview.com/chart/EURUSD/u8Om3sPU-EURUSD-Analysis/
https://www.tradingview.com/chart/EURGBP/E7raZvmu-EURGBP-SHORT/
https://www.tradingview.com/chart/GBPCHF/c6Y5MnKn-GBPCHF-SHORT/

[jlliliko89]

RECAP 3
Click from the pair to Observe the market analysis from TradingView.

https://www.tradingview.com/chart/CADCHF/tVqmi6v6-CADCHF-Analysis/BPUSD
https://www.tradingview.com/chart/GBPJPY/VQeWZTBc-GBPJPY-SELL/
https://www.tradingview.com/chart/GBPCAD/8zzREtxm-GBPCAD-Game-Plan/
https://www.tradingview.com/chart/USDCAD/UsRtp7jU-USDCAD-SHORT/

[jlliliko89]

RECAP 4
Click in the pair to view the market analysis in TradingView.

USDJPY
https://www.tradingview.com/chart/USDCHF/FzUFIOfr-USDCHF-LONG/
https://www.tradingview.com/chart/NZDUSD/Pb8HwPl5-NZDUSD-SHORT/
NZDJPY

[jlliliko89]

Game Plan for AUDUSD
Extended: Bearish
Caution: Bullish

I can't tell if the amount will hold, so that I shall wait for price action to confirm my short-term bullish bias. Because this is a counter-trend scenario, handle your risk properly.
https://www.nigeriaforextrading.com/attachments/1528687442753128409.jpg