Classical liquidity swap at the London Opening. Price goes up, a bearish level is created and rejected, excellent entry.

It recovered me partially the big SL taken on gold earlier.

What is the theory behind the black levels indicator? I know what FVGs are .

RyuKen wrote: Fri Aug 30, 2024 10:51 am What is the theory behind the black levels indicator? I know what FVGs are .

Inefficiences, but using a narrow logic that enables the usage of lines and not zones, making them very accurate. The indicator looks for breaks in price action, using only bearish candles.

Cagliostro wrote: Fri Aug 30, 2024 7:20 pm Inefficiences, but using a narrow logic that enables the usage of lines and not zones, making them very accurate. The indicator looks for breaks in price action, using only bearish candles.

Cool. I've seen this sort of line drawing explained on Prop firm passed youtube channel.

Good morning. Updated list of instruments I will trade in Q4:

Morning (CET): At London Opening for the first 3 hours

DE40

XAUUSD

BTCUSD

GBUUSD/ GBPJPY (choose the one with the best alignment across TF for the session)

Afternoon (CET): At New York Opening for the first 3 hours

US30

XAUUSD

BTCUSD

USDCAD/ USDJPY (choose the one with the best alignment across TF for the session)

I don't advice to trade more than 4 instruments at the same time, it gets really overwhelming.

Today the DAX gave a good start of the month, wish you tons of pips!

Do you have a general rule for stoploss placement?

RyuKen wrote: Tue Sep 03, 2024 8:20 am Do you have a general rule for stoploss placement?

Below/ Above the last swing, generally.

If I am very sure of the trade I use EMA 51 or below/ above the last level that support the trade.

I hope you got this!

Good entry with solid bullish level below. Possible second entry on the failed pullback to the new bullish level.

And... I hope you did not get this! I made 2 mistakes, the overall trend was immature for a reverse, and DXY was holding its position. More, I had to use the big sema as stop loss, but felt very sure I could use the EMA 51. Naturally, stopped out.

One trade only today, due to news.

50 pips on GU, follow the white! Clean signal after creation of a new bullish black level, below 3 more bullish levels, strong support.

Black levels make life easier. Look how the price action gets rejected with a wick from the resistance level, to create after a pullback another bearish level and drop down fast.

PS: if you trade indices, never trade the first 15M of the opening, it's always liquidity sweep time and signals can be very risky.