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@bwg_team
10Ā posts

FOMC

šŸ› FOMC MINUTES — and why we're sitting this one out

NFP: The Key Event of the Month for the Forex Market

Each month there is one macroeconomic event capable of significantly shifting the behavior of the US dollar and setting the tone for the currency market for weeks ahead.

Liquidity Sweep

A Liquidity Sweep happens when price moves beyond an obvious high or low, takes the liquidity, and then moves back.

LIQUIDITY

A liquidity zone is a level or area where most of the stop orders of retail traders are located. They use tools such as support and resistance levels, as well as trend lines.

🧠 PSYCHOLOGY — The invisible edge

Here are the 4 traps that end more accounts than bad setups ever will — and the fix for each

MACD Indicator

šŸ”¹ What MACD really is MACD = Moving Average Convergence Divergence. It measures the relationship between two EMAs — how far apart they're moving, and whether they're converging or pulling away from each other. Translation: it measures momentum strength and direction, all in one indicator. Standard settings: 12, 26, 9. Don't change them. Like RSI's 14, the 12/26/9 is what every trader watches — and that collective attention gives it weight. šŸ”¹ The three components — what each line means 1. MACD line — the difference between EMA 12 and EMA 26. When the fast EMA pulls away from the slow EMA, MACD rises. When they converge, MACD falls toward zero. 2. Signal line — a 9-period EMA of the MACD line itself. It's a smoothed version of MACD...

Swing Failure Pattern

Swing Failure Pattern is considered a manipulative candle. A future reaction is expected from this manipulation ( Also called Sponsored Candle) SFP (SC) is a type of Order Block (OB) that includes a mandatory liquidity sweep rule. SFP rules: • The opposite candle also collects liquidity. • Ideally, the opposite candle should be a full-bodied candle, not a pin bar, with minimal wicks. • The opposite candle is engulfed. • A Fair Value Gap (FVG) forms after the engulfed candle. • The impulse after the opposite candle sweeps liquidity

TIPS FOR OTC TRADING

Guys, here are the main principles I follow when trading the OTC market:

CPI

Consumer Price Index (CPI) — an index that measures the monthly change in prices paid by consumers. The Bureau of Labor Statistics (BLS) in the United States calculates the index as a weighted average of prices for a basket of goods and services that represents the total consumer spending of households.

UNEMPLOYMENT CLAIMS SETUP

Every Thursday at 13:30 UTC the US publishes Unemployment Claims. Amateur traders try to catch the first move. Pros already know where they'll enter — because they built the plan before the release