Trading journal 18-05 GBP-USD by @marvel-trader-c on 3Speak
▶️ Watch on 3Speak --- Welcome to the Marvel Traders Hub, it's the 18th day of may and we are here to share with you the first trade we enter for the week the things that played. During the early h...
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We welcome you to a lovely Monday. It's the 18th day of May, and we are here to share with you the first trade we took this morning. And some things that played during the trading section. We just want to share it with you to also journal our trade as well. Yeah, it's also journal our trade as well. This is the great British pounds versus the US dollars. And looking at the 1-hour time frame. During the weekend, we drew this zone, you can see right here. There's the 1-hour other block. Yeah, here we see. Let it come first. Good. Now, we see. We highlighted this level as a 1R other block. Are you seen it? Yeah, because we got this lady. When you go to the smaller time frame, you don't see this place as a LATU consolidation area before the huge push upwards. Are you getting it? Ender. At this point, after this brief consolidation, we saw this huge 1R can do. which left us with a huge imbalance. Are you getting it? Looking at the market, the market will always, either now or in the future, we come back to fill those imbalance. And we succeeded in highlighting this level. When the price comes down to feed this imbalance, it's going to tap into this area. These are our first point of interest. At the down, you also saw another level which we drew here. These are a second point of interest. Yeah, which we are waiting for, for Price to drive into it, being today which is a Monday. Yeah, and we assume that when Price drives into it, price is going to go bullish a little because it has been falling down. on the downtrend for the past few days. Are you seen it? It has been pulling on the downtrend. So maybe we just like, it's two ways. If it's going to reverse and start going up or it's just going to pull back. and continue bearish. At this point, this is what happened in the market. Let's go to the 15-minute time frame where we used to our execution. This is what happened in the market, and we just decided to leave it here for the sake of this analysis and this journal. This is what happened. During the early hours of the day, we didn't enter this. position. This very one here, we didn't enter it. But this was what played. Price tapped into this level. Let me take this off so that the chart will be clean. Yeah, let me just take that one off. And at this point, this was the lowest point that Price drove into, for last week. This was the weekly low. This point you can see here, was a weekly low. Are you getting it? And now, being to this money, which was the open for this week, yesterday, around the 11, when the market opened, we saw some movements. And the price came down to take away the last week low. Are you getting it? Upon this, we thought that the market is going to start reversing. Our minding push us to the other block that we drew down here, waiting for price to come in patiently. We assume that the liquidity has already been taken and the price is going to drive up. This is what happened, which took us out. We took a trade here. Upon the closure of this Dragonfly, we took our trade there. Are you getting it? And this where we placed our stop loss. We placed our stop loss here. This was where we placed our stop loss. Yeah. It was the exact place we placed our stop loss. If you look at the front end we used for our execution. We placed our stop loss at this end. But this is what happened. Price went up and drove down. After driving down, we saw this push up a little before price took us out. But upon this downwards movement, it was a liquidity grab. Are you getting it? The market used us for liquidity. Then, it wasn't cool at all, but it's another day to learn. Are you getting it? It's another day to learn. The market used us for liquidity. And the market drove up. Later, I'm going to talk about liquidity. I'm just going to throw some light on water. H-CN FX, Akedan, we talked about liquidity, and I'll use it to illustrate this very thing that happened on our chart. And now, just take a look at it. After Price took us out, trapped into our point of interest, which was this level, you saw the rejection, price pushed up. And upon that, This was now an other block. Let me set it so that... Good. This was now an other block where you see that Price drove to the middle of the other block and got rejected. I think we waited patiently for our setup to play, this was where we could have entered the market on a long. Are you getting it? Because I don't like placing pending orders. I love going on a market execution. Could have entered the market at this point for a long, and our stop-loss is going to be below this point. Are you getting it? This year we could have entered for a long. Targeting this was our target, our initial target, this very level here. You can see this very level here was our initial target. These are 661 level, was our initial target. Yeah, because this place right here, it's an other block. It's a sale order block. This place is a sale other block. Go. That's a cell order block. Good. Now, at this point, now, take a look at what lack of patients did to us on this particular trade. The bait we could have used for this second entry in ADB, we sit on our hands and wait patiently. That was the bait we lose on this early entry. Are you getting it? And when the market was doing all these, our eyes wasn't on the chart. We were busy, attended to other things on chain. So, this was what happened. This is a 1 ratio 10. Are you getting it? This is a 1 ratio 10. Knowing fully whether you get 10 times whatever you risk on this. So this was what played on our trades today, which I'm going to capture it. patients that came to play. Yeah, lack of patients came to play. We didn't have the patient to wait for our right setup to play and for our level to get tapped into before we go into our execution. So this was exactly what happened. Thank you and thank you very much. This is the Traders Hope community and we're going to be dropping... videos and different tutorials as time goes on on the blockchain and feel free to drop your comments on the comment section below and to also share with us your observation on the trade yeah that we too just share with us your observation we all want to learn and to grow together Thank you and thank you very much. See you, we're still waiting for price to drive into this level. Now we've highlighted this level as a point of interest. Yeah, you see this last candle before this impulsive moment. We're waiting for price to... I don't really like trading fair value gaps. So we're just waiting for price to driving to this level and... we see how price is going to react before going for an execution. This level here is a liquidity. So price, we are waiting for price to take out this liquidity. If it takes out this liquidity and price taps into this fair value gap here. Then we know what to do. If price taps into the fair value gap after taking the liquidity and we see a pinback handle formation that closes above the fair value gap area, then we can go for, we can go for a potential loan. Yeah, there's an FVG. Let me just put it there, FVG, Fair value gap, and that there is the other block. below the fair value gap. And at this point, we also have a breaker block at this point. So you see that this area is very, very, uh, it's a very sensitive area, as the high, it's going to be a higher probability set up. If the clitorians get hit, then we'll go for it. Thank you and thank you once more. Don't forget, it's the Marvel Traders Hub. And on, we are here to grow together, yeah.