Hello everyone .
Good morning !! How are you ? I hope you have a good day today because today is FRIDAY that means its party time on weekend
I have learn another hard lesson yesterady where i was entering buy before BoE rate new release even i has state that i ll not trade before the news or before the market getting stable from the spiking market due the news .
Currently , im trying to implement the ASEAN session box technique as my primary filter in market . Of course i ll add some additional rules that following my favourite setup which is FVG.
If you look from the GU market that i has just post , there was 1 hour FVG inside ASEAN BOX . The seller push the market down as soon as the price tap the FVG area . I was late and didnt join the market. Then after the market break the box solid (TF 15M) , im entering my entry sell and win 40 pips.
** ANOTHER LESSON LEARN FROM PREVIOUS MARKET
You can see the preasure at the market that would go down when you see the previous candle give solid FVG candle on it which mean the market has the momentum and volume . If the price didnt make FVG in previous candle , i might not enter the market like Tuesday market .
Refer the market also closing above ASEAN box on Tuesday but didnt have FVG in previous candle and it making raging maket for about 1 hours.
I was thought the market will make the JUDAS SWING because usually manipulation can be see during london. WHAT IS JUDAS SWING? - Basically , it is fakey tha lure trader enter the market and then move at the other direction which means it is a liqudity trap.
Like i state before , i though it would be JUDAS SWING and i expected market will go north because of it , and without thinking i break my own rules to now enter the market 1 hour before the news.
As the news being announce and the rate stay at 3.75% with 5-4 vote and bring dowish sentiment to market. I has talk about hawish in my previous journal and it is dowish , i ll make explanaintion in my next journal. I lost my capital after it went down following the market sentiment.
Then i make another entry after 50% retracement for another profitable portfolio.
Disclaimer : This is my personal journal , learning process . I still learning and i learn alot from learning from my mistake.
Thanks for supporting me , and see you in another journey.
