Trade Review 26/11/21

By Edd

During the Asian session we had 3 high’s made. I had them all marked up, including the m5
supply zone. From my own studies, I found that the price likes to retest high volume & volatility -
and it makes sense, you would also open a business where there are lots of people around
right?

During the asian session we had huge volume in certain parts. Especially during those three
levels I marked in Fig 1.0. Based on this I knew there is a high chance that the market will retest
these high because of the volume, and that I will be watching where the buyers are going to get
tired.

Asian High’s & Supply Made

Fig 1.0

As you see the three high’s were made. So I was expecting the price to retest these highs. Once
I noticed the price break of the m5 SZ, I was treating this whole move up as LQG, and waiting
for buyers to get tired on the footprint chart.
Last Asia High (Footprint)
I will now show you my ideas of how the last low on asia session was made in Fig 1.1. Please
zoom in, sorry for the quality.

Fig 1.1

With these ideas, we know for a fact that there was a huge seller response here. So now I will
show you how I was thinking when price returned to retest this level after breaking the m5
supply in Fig 1.0.
Retest & Entry
With the idea of asian high having lots of sell pressure, I was waiting for retest of the same price
level. Once price broke the m5 supply, I started treating this as LQG and seeing if I can identify
the same night time sellers absorbing this buying pressure. Position was 1:12R

See Fig 1.2 for context on m1.

Fig 1.2
Retest (Footprint)
Now I will show you my thinking process on the footprint, and how fast I had to react to get this
position. Please see Fig 1.3.

Fig 1.3

So where was my entry? Please see the next page.

Entry (Footprint)
The most important thing for me was to have my SL safe above asian high. It would have been
more comfortable with 3 pips SL, but now I realise I was a bit greedy and entered on 2 pip SL.

Please see Fig 1.4

Fig 1.4

It is not the cleanest trade, It was going down very choppy before London open. But the footprint
was showing constant pressure from the sellers once the buyers tried to push the price higher
exactly the same way as seen above.
Exit (Footprint)
I will now show you my exit, how I saw that the price was not interested to go down deeper.

Fig 1.5

Final Words
Overall trade was 1:12R. It was not an easy trade to manage because you have to wait for
sellers to respond, but each time they responded they came back with higher power than the
buyers. This made me trust the move, and once I was 3R up I had moved to BE. Previous days
the moves from Asia High were much cleaner. I hope to learn more about these waves and
hopefully this is the moment that it finally “clicked”.

I hope you understand these little PDF’s and hopefully it can also help you make better
decisions. I am happy to help and share knowledge wherever possible. We are all a family.

Good luck!