Institutional
USDCAD | DAILY SESSION | SHORTEuropean sessions should drive this pair up into the order block. This is priming sell orders for US institutional traders. Most likely the move down will happen at the start of the US session as these are North American currencies.
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We are currently looking at institutional money sitting at these pockets on the CAD index.
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GBPJPY SELLSFX:GBPJPY i'm seeing a continuation pattern here on gbpjpy. price has broken the long term correction as well as a short term one. we've got a momentum shift candle and have entered at 135.127.
i'm targeting 133.127 as thats the end of the correction. there is potential for price to continue to the down side past our target point, but its better to leave the markets at a clear demand zone than continue to hold and 'hope for the best'.
on the 4H current price is rejecting the 0.618 retracement with a bearish candle, so we can also take that as some confluence.
one thing i've noticed about GJ is that its corrections are fufilled most of the time, wanna succeed on this pair? trade its corrections and retests/double tops. THEY WORK!
the blue candle stick patterns show how history has repeated itself, and because in forex history repeats itself (most of the time) we can anticipate that this correction will repeat the strong drop before the correction.
now obviously i'm not saying this WILL play out, but it is highly probable, so that's why we take this.
DISCLAIMER
this is NOT a signal, if you enter this thats at your own risk, but this is just a forecast and im not responsible if you lose some $$$.
Letting the Banks do what the Banks want to doBoom. Entering London Session. Im pretty bullish on this pair for the time being. DXY is shooting so its only right for this pair to drop. Im expecting for the banks to push price against the trend and then continue pushing up. I have a fib zone drawn on the four hour in which price is currently in. My entry is near the .618 zone as well as a QP. Hopefully price is pushed down this low because id be very confident in this entry. I have a pretty small first SL in the case that I enter the trade and if I am wrong. This is definitely a trade I feel I should take. We shall see.
GBPUSD 150-200 Pip ShortVery early in the trading range in a Wyckoff cause phase. However there is a very large institutional candle where positions could be unloaded at the beginning of that candle, selling off to the bottom of the trading range between 150 and 200 pips. The Institutional candle didn't break the Buyers Climax high so I don't expect the next phase to break the Institutional candle high. Instead we should see an instant reaction as the volume of the sellers have grossly oversold with a very little volume candle. Additionally, the RSI divergence from the Spring to the Institutional Candle/Upthrust suggests that the price will fall as we're still on the high side of the buying on the RSI. The best part is the risk to reward is 7:1 ratio. FX:GBPUSD Apologies for the text all over the chart, but this is how I chart. Any Wyckoff Method traders that have any input, please share.
Institutional Trading - July 9, 2020I was able to catch 50 pips on this one!
I host zoom training session to help teach people on how I am able to trade along side the institutions. I have previously explained the line set up on an older post. Due take a look if you're interested in catching big pips like this!
Institutional Trading further Explination I received a few questions about my last institutional trading post and I have posted a more in detail graph with explanation here.
I was able to grab 30 pips from yesterday's EJ accumulation period, so I have posted here how I achieved this and how I marked out my chart.
P.S entries are always made at 3:15am (Atlantic time) or later. basically once you see an indicator leaning towards a market shift. I use Alligator, MACDs and AW for confirmation. If you don't like indicators simply look for when the candle shows indication or if the next candle is moving in the opposite direction.
Institutional TradingAfter finally learning how to trade with the institutions I have found a plan that works quiet well. The beginner entry would follow the following rules (all time is in Atlantic Time).
1) Mark opening of market at 8pm
2) Mark opening of accumulation period at 12am
3) Mark closing of accumulation period at 3am
4) Monitor trade and look to enter around 3:15 (or possibly later depending on the day) for a reverse action.
5) Enter and look to collect 25-30 pips
LONG GBP/JPY.LONG GBP/JPY, IF*** there is a clear rejection at the current level, wich is at the bottom of what could be an institutionnal uptrend channel, it is also on the 38,20% level of the fibonacci taken on the weekly timeframe and it is around the 132,500 weekly key level (psychological level). The market reached the bottom of what could be an institutionnal uptrend channel and it could be starting its fifth wave. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.