Analysis Price makes two days of sideways moves, coming into the 20th of October 2022. If you follow our content, you know that the price moving in any direction less than 90% of the ADR (average daily range) is a sideways move. Also, two consecutive days of sideways moves leave us with trading an open bias.   In an open bias, we accept taking trades to both sides of the price. This means that we can take both long and short positions within specific trade parameters. The reason behind this logic is to leave ourselves the opportunity to catch a potential range border, as the price is l ..read more

Risk management is the lifeline of every retail trader’s journey. If your trading capital is your life, you need to live healthy to preserve that lifespan. Therefore, the first objective as a retail trader in the forex market shouldn’t be making a profit; it should be staying in the game long enough to experience consistent profitability. All traders, regardless of their skill level, would experience losses and losing streaks. This reality calls for a protection mechanism within your trading methodology. Some traders risk a lot to make a little, and some choose to take a lot of small losses ..read more

analysis This is a basic trend setup, where the price makes a valid 1st push-up, and I look to trade for the 2nd push-up. The level that stood out to me here is the daily highs from the 23rd of March. However, the price did not have a clean break of that level. To fix this, you must know that manipulation points are price zones. However, the DTFL bank trading strategy requires an exact level (to the pip). In the above scenario, I decide to go for the most significant level, but I do not have a clean break, so I would use the closest secondary option.  The level selected here is the 133 ..read more

ANALYSIS This trade is a classic trend continuation setup. The price made a valid 1st push down on the 17th of march and then a valid 2nd push down on the 18th. The only play at this point is to trade for the 3rd push down going into the 19th of March 2022. The level that forms within our retracement zone is the daily lows of the 17th, which also had a clean reaction on the 18th. This dual reaction forms what I consider to be a wall. Walls, when eventually broken, make for a perfect zone for future short term stop hunts. In this case, the price makes the false push of the .9339 level on the ..read more

Analysis The 1st of March creates a valid 1st pushdown, and at the end of the day, the daily-low forms a level of support (1.3302) which becomes valid for a trade once the price bounces at least 30% of the ADR. Since we have a bias to the downside, I was only looking to trade the backside of 1.3302 after a valid clean break. This scenario took place as expected; price creates the clean break of the 1.3302 level with two 15 min candles open and closing below the level. At this point, all that was left was to wait for a valid backside continuation setup. setup Price came back into the leve ..read more

ANALYSIS As displayed above, the price made a valid 1st push-up on Friday the 18th. After which, we began to trade for the 2nd push-up according to our smart money cycle rules. The next trading day did not make that 2nd push-up but it did create a more significant level from which we looked to trade from the follow day. This trade was laid out in our Daily Market Preview. If you want to see how we select manipulation points hours in advance, check out our Daily Market Previews. Setup Going into the 22nd, the price drove into our 1.2723 level during the New York session, creating a stop ru ..read more

ANALYSIS I like to refer to this price action as the V formation, also known as the daily stop run. As displayed above, the price made a full average daily range (ADR) push to the downside and rejected that move with another complete ADR move to the upside. All within a single day. This formation shows a significant rejection of lower prices, and often produces continued price action in the direction of the rejection. Given the bias, I intended to look for a continuation move to the upside off the 156.00 manipulation point. Setup The initial stop run forms just before the EU session ope ..read more

Live NZD/USD Backside Trade Analysis Price made two consecutive days of sideways price action here on this pair. Consequently creating an open bias, a condition where we trade levels to both sides of the price. In this case, the level to consider is the upper level 0.6652, which price made a clean breakthrough during the Asian session. Leaving us with a potential backside play during the London session. The Trade Setup Here we had the classic DTFL setup, and as any DTFL member would know, this setup is the easiest to spot, especially when you have the stop run and confirmation both form ..read more

If you haven’t read the first article in the series titled Basics of Manipulation Point Selection, I would highly recommend doing so first. The idea of selecting levels can be entirely mechanical as we pointed out in the first article. These levels can be seen clearly on the charts and have specific parameters that allow the judgment on picking these levels to come easily. Parameters like moving to the deeper level and starting with daily highs and lows are examples of mechanical choices you would make when selecting levels. However, in some instances, you might have to make a more discretio ..read more

One of the core aspects of our strategy here at Day Trading Forex Live is level selection. These levels are areas in the market where we anticipate Smart Money to create a short-term manipulation of prices. Price manipulation is a series of actions carried out by smart money to induce either buying or selling activity from other traders. Why would they do that? Smart money uses position sizes that stop them from simply hitting buy or sell as you and I would do. Because their position sizes are so massive they must enter over a period of time so as to not spike the price and reveal the p ..read more