Thread by @RealisingProfit

EURUSD High Probability Trades - A Thread 🧵

We are going to have a look at how we can identify:

1. The correct days to look for a trade
2. The direction we should trade in
3. Where to look for entries on a set and forget basis
4. Where to look for the high r/r trades

#eurusd

We start on the daily chart, we are looking here for local liquidity and also the correct days to look for a trade.

You shall see that we are in an overall uptrend.
When in an uptrend we only want to look for the long entry. We do this as price is always seeking liquidity....

In this example the liquidity is to the upside so these are the areas we mark
What we want to see is down days followed by a single up day
This shows us momentum has shifted and we are on the hunt for that liquidity
We look to trade on day 4
(Image show the days we look to trade)

As you can see here the previous days high is our liquidity hunt and therefore where we want to look to for a take profit point.
Once we have taken this price likes to revert and use this liquidity to stop out long entries (retail buying the break of the previous days high).

NY 00:00 is the time the charts should be watched from. Here we have a line to represent this time, you can see straight after we see a move to the downside from Asia. This is the daily model setting an inital low. These can be broken by London for a liquidity grab.

Once London session opens we can see a large move higher which breaks the Asia high.
Within the first 2 hours of London is typically when we are looking for our setup to occur to allow us to enter long towards the previous days high.

Breaking this move down we can see that after the Asia high is taken price moves back into the range.
We are now looking for price to come lower for us to get our entry long.
ICT FIB -

On the 2M time frame we can see the most extreme level of FVG.
Two blue lines to indicate this zone for future confluence.

On our 5M chart we also have a larger FVG zone above so we will also watch this area but refine the entry if price shows us the correct sign here.

When we watch price on a small timeframe we want to use a 1m, 2m and 3m chart.
It provides a cleaner picture for price and importantly FVG gaps.
Here we see price reach our zone of interest, break higher then break that lever and the structure.
We have a clean 3m FVG.

We have two possible stop loss areas when trading this FVG.
Either below the base of the whole pattern. This provides a little more room for small timeframe FVG's
However when you work with all charts and get the cleanest FVG you can place the stop below the bottom of that candle

Doesn’t take long before the high is hit and target taken.
This is as simple as it gets.
Trade the days you know will make you money.
Forget the others and have patience.
However, what about if you want to set and forget?

As we approach the NY open we can once again look to see if we have a trade available.
Behind the yellow line we are looking for our entry so until then we just monitor price moving lower as again we want an entry in the lower half of this entire range.

Now those who set and forget.
After seeing the initial expansion at London open we were left with the FVG zone. The most extreme 2m FVG.
We can now assume that Asia made the low of the day.
We also have a new high to reach.

Our trade for the set and forget has a stop below the Asia low.
We then follow the same principle.
Now we target the new high which has been made. Trade the clean FVG after the BOS.
Look at the wick we have to break with the FVG.
Same higher risk and lower risk setup.

You can see our higher risk setup visited a slightly smaller FVG which is lower and stopped our entry.
However seeing this you could have made a good gain on a risk setup using that FVG.
Our set and forget trade finished nicely too.
We have 3 points to trade and target the high.

Pick the day you need to look to trade.
Target the highs.
Use London & NY open to trade.
Trade clear & clean FVGs.
Watch for trading price in a retrace.
Done.
#trading #learn #fx #forex #crypto