Oil again,,,
1st hour NY consolidation BELOW monthly low ..mark highs lows
2nd hour price drops below 1st hpur consolidation in 3 pushes
to where ? 100 pts below Monthly low HMMMM and 50pts below BRN (25-50 is norm as I have always said)
Reasoning tells me im in the zone...either price will continue or it will not.
Wait for MRN to pass... Nothing
Mark my highs lows...need a BIS now
Price breaks structure and get in on a slight slight pullback.... IF I am wrong re the BIS then close if price retraces....
IF I am right price should not retrace,,,,, High probability setup but still can be wrong. took 6-7 pts heat for 4 minutes or so..
This is a rinse and repeat setup...Does this look familiar
https://www.forexfactory.com/thread/...7#post14543157
will post the chart below todays so you can see the similarities....
Patience and setups...Win lose or draw...Just execute your process and let the outcome determine how you evolve your methods.
Hope this helps
Blue
todays trade
From other day same setup....
1st hour NY consolidation BELOW monthly low ..mark highs lows
2nd hour price drops below 1st hpur consolidation in 3 pushes
to where ? 100 pts below Monthly low HMMMM and 50pts below BRN (25-50 is norm as I have always said)
Reasoning tells me im in the zone...either price will continue or it will not.
Wait for MRN to pass... Nothing
Mark my highs lows...need a BIS now
Price breaks structure and get in on a slight slight pullback.... IF I am wrong re the BIS then close if price retraces....
IF I am right price should not retrace,,,,, High probability setup but still can be wrong. took 6-7 pts heat for 4 minutes or so..
This is a rinse and repeat setup...Does this look familiar
https://www.forexfactory.com/thread/...7#post14543157
will post the chart below todays so you can see the similarities....
Patience and setups...Win lose or draw...Just execute your process and let the outcome determine how you evolve your methods.
Hope this helps
Blue
todays trade
From other day same setup....
The Best Loser Wins
7