YOU MIGHT BREECH YOUR ACCOUNT IF YOU MAKE THIS MISTAKE.
I learnt something from my setup.
You might learn something too.
P.S, this is an educative content that might help those who trade similar strategy, I am not and will not impose my strategy on anyone.
I learnt something from my setup.
You might learn something too.
P.S, this is an educative content that might help those who trade similar strategy, I am not and will not impose my strategy on anyone.
As someone whoβs still fresh to the forex market. I must take my flowers for being able to trade the crypto market so wellπ. The forex market is pretty easy to analyze. But one mistake might mess you up.
I trade Structure and Liquidity with a bit of other things I know. And I respect patterns a lot. Not forgetting the fact that, there must be a reason for every trade.
On the day I did the setup for $AudUsd I had also done setups for other pairs.
Coming from the crypto market, I understand how the $Btc dominance relates with Altcoins and I know how to trade them.
Over here I still got the hack. Just that it wasnβt $Btc this time.
Coming from the crypto market, I understand how the $Btc dominance relates with Altcoins and I know how to trade them.
Over here I still got the hack. Just that it wasnβt $Btc this time.
I had done these 3 setups below, before I noticed the similar structures for the 3 setups. And it could only mean one thing for me with $AUDUSD. It had to be the same thing too.
This was my initial setup for $AudUsd. And I can tell why it failed.
You see, when dealing with Structure and liquidity, you have to understand the forms of structure, the minor, sub and swing structure. Price is either trading towards or against them.
You see, when dealing with Structure and liquidity, you have to understand the forms of structure, the minor, sub and swing structure. Price is either trading towards or against them.
Before I do anything on the chart, I make sure I identify my swing structure, this will help me know if Iβm supposed to take a long or a short, depending on the trend of the market.
Sometimes, one might be confused on what exactly is the swing structure, so itβs best you stickβ¦
Sometimes, one might be confused on what exactly is the swing structure, so itβs best you stickβ¦
Then the next thing to do is identifying the inducement or liquidity on your chart. Doing this will help you filter out the unnecessary POIs on your charts. You can also do this by checking the premium and discount pricing.
My mistake was selecting my entry at an obvious point of liquidity. As you can see below.
Gold, NZDUSD and AUDCAD had same structure and I saw same thing for AUDUSD. Which made me blindly take an entry from a zone of liquidity. I learnt that, the fact that different pairs have the same structure doesnβt mean that they must follow same pattern.
And also, as always,β¦
And also, as always,β¦
I do hope you learnt something from my mistakes and wonβt make the same mistakes. If you did, please like and repost. Would mean a lot to meπ
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