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  • #1,701
  • Aug 2, 2023 8:50am Aug 2, 2023 8:50am
Quoting Inthebox
{quote} same. {image}
another short result.
sr flip, rn 182.50 and fib 50
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,702
  • Aug 2, 2023 9:16am Aug 2, 2023 9:16am
[quote=Yocam;14521024][quote= greating for nzdcad qm on daily chart we have 2qm area wich one i should use and why can you advice thankes {image}[/quote]

d1 has big zones.
you have 2 zones. both within the h4 engulfing candle.
i would say which ever zone that has the following will do:
1. rejection, and
2. srtl or qm set up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,703
  • Aug 2, 2023 9:23am Aug 2, 2023 9:23am
[quote=Yocam;14521024]
Quoting Inthebox
{quote} i think gu has better strength than eu. ascending broadening pattern. {image}[/quote greating for nzdcad qm on daily chart we have 2qm area wich one i should use and why can you advice thankes {image}
Even though your question was directed to Inthebox, I will take attempt to answer this from my point of view, as participation will help my learning curve.

IMO, both levels are valid QML. However, like any other level/zone, we don't know which one the future PA will respect. As a trader, my job is to identify the potential levels (as you did) and wait for the PA to show its intention while in the zone. TBH, the price generally does the following :

  1. Respect the level ( REJECTION) or
  2. Break out and Retest.

Cheers !!

Success = Practice + Patience + Persistence
  • #1,704
  • Aug 2, 2023 9:30am Aug 2, 2023 9:30am
strong bullishness after news.
will wait around zone for rejection and sell set up.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,705
  • Aug 2, 2023 9:36am Aug 2, 2023 9:36am
Quoting Inthebox
strong bullishness after news. will wait around zone for rejection and sell set up. {image}
The market is in the BO mode, across all the pair. Too hot for me.
Success = Practice + Patience + Persistence
  • #1,706
  • Aug 2, 2023 4:58pm Aug 2, 2023 4:58pm
[quote=Inthebox;14521145]
Quoting Yocam
{quote} d1 has big zones. you have 2 zones. both within the h4 engulfing candle. i would say which ever zone that has the following will do: 1. rejection, and 2. srtl or qm set up. {image}
thank you bro
  • #1,707
  • Aug 2, 2023 4:59pm Aug 2, 2023 4:59pm
Quoting fxpider
Quoting Yocam
{quote} Even though your question was directed to Inthebox, I will take attempt to answer this from my point of view, as participation will help my learning curve. IMO, both levels are valid QML. However, like any other level/zone, we don't know which one the future PA will respect. As a trader, my job is to identify the potential levels (as you did) and wait for the PA to show its intention while in the zone. TBH, the price generally does the following : Respect the level ( REJECTION) or Break out and Retest. Cheers
...
thank you bro
  • #1,708
  • Aug 2, 2023 7:39pm Aug 2, 2023 7:39pm
UJ: at a crossroads between a bearish QM and a bullish QM. Which way it is gonna take?

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Success = Practice + Patience + Persistence
  • #1,709
  • Aug 2, 2023 9:58pm Aug 2, 2023 9:58pm
Can Gu bounce here?
daily chart with weekly discount
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PA
  • #1,710
  • Aug 2, 2023 10:12pm Aug 2, 2023 10:12pm
congestion
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,711
  • Aug 2, 2023 10:24pm Aug 2, 2023 10:24pm
Quoting LeongPuiy
Can Gu bounce here? daily chart with weekly discount {image}
As the market is fractal, a change in the trend that is sustainable, needs to have a ripple effect across the different TF. ATM, all the TF, from weekly to 30m are showing bearish PA except the 15m and 5m (to some extent bullish). Also, today we have major red news for GBP. So, I will wait to see for, some sign of strength in the HTF, at least in the H1 or above, b4 taking a long position. Well.... thats my view, for the time being.
Success = Practice + Patience + Persistence
  • #1,712
  • Aug 2, 2023 10:31pm Aug 2, 2023 10:31pm
Quoting fxpider
{quote} As the market is fractal, a change in the trend that is sustainable, needs to have a ripple effect across the different TF. ATM, all the TF, from weekly to 30m are showing bearish PA except the 15m and 5m (to some extent bullish). Also, today we have major red news for GBP. So, I will wait to see for, some sign of strength in the HTF, at least in the H1 or above, b4 taking a long position. Well.... thats my view, for the time being.
wait for the rate maybe
PA
  • #1,713
  • Aug 2, 2023 10:31pm Aug 2, 2023 10:31pm
Quoting fxpider
UJ: at a crossroads between a bearish QM and a bullish QM. Which way it is gonna take? {image}
Contrary to UJ, the rest of the yen pairs look like they are about to get loose any time, IMO.
Success = Practice + Patience + Persistence
  • #1,714
  • Edited 2:56am Aug 3, 2023 2:33am | Edited 2:56am
Quoting fxpider
{quote} Contrary to UJ, the rest of the yen pairs look like they are about to get loose any time, IMO.
EJ and GJ: finally it turned.

EJ (partial)
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GJ

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Success = Practice + Patience + Persistence
  • #1,715
  • Aug 3, 2023 2:55am Aug 3, 2023 2:55am
EJ: QM (big picture).

Decided to fold the remaining positions to have a stress-free early day

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Success = Practice + Patience + Persistence
  • #1,716
  • Aug 3, 2023 3:05am Aug 3, 2023 3:05am
Gold: is trying to turn the ship around. I am not trading though, just observing.

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Success = Practice + Patience + Persistence
  • #1,717
  • Aug 3, 2023 7:44am Aug 3, 2023 7:44am
looking for long set up
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,718
  • Aug 3, 2023 8:04am Aug 3, 2023 8:04am
Quoting Inthebox
strong bullishness after news. will wait around zone for rejection and sell set up. {image}
sell result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,719
  • Aug 3, 2023 10:22am Aug 3, 2023 10:22am
balance sell done
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,720
  • Aug 3, 2023 8:15pm Aug 3, 2023 8:15pm
First trade of the day. Keeping the NFP in mind, I will trade very less today.

EA: DBD, TL resistance, and RN rejection for a quick one.

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Success = Practice + Patience + Persistence
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