Disliked{quote} Good morning thanks for you reply. at moment I think order flow is down. because of ABCD. lighting bolt. for how much longer not sure. but I think all the way down. {image}Ignored
Good Luck
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Disliked{quote} Good morning thanks for you reply. at moment I think order flow is down. because of ABCD. lighting bolt. for how much longer not sure. but I think all the way down. {image}Ignored
Disliked{quote} Good morning, GBPUSD At the moment the obvious trend is UP but the recent"whipping" of price this morning has me a little confused. There is a AB=CD which ends at 1.7175 but its still ways away and with the current price will likely become invalid. I'll continue to monitor but for now but I am uncertain whether the Bears or Bulls will take control. {image}Ignored
DislikedHello Traders, Don't let the market fool you. Remember order flow and structure analysis. It tells you what your bias should be. {image}Ignored
Disliked{quote} Hi Damien, Could you please alter your background on the charts to white and also change the fibs accordingly ?. It´s very hard to see your fibs etc on a black chart. Also could you please post what pair it was that you did your analysis on. I for one would very much appreciate this as I cant see the important things in your chart. Thanks in advance. Hans.Ignored
Disliked{quote} The pair is across the top GBPUSD. These are the colors I use and have not received any complaints. Are you sure it's not something on your end? If I click on the image I can see it fine. If it's a real issue I will see what I can do to make it easier to see.Ignored
Disliked{quote} Hi Damien, For me it is a real issue - because I have a hard time seeing your fib levels, descriptions etc due to being colour blind on dark coulours. Sorry for asking is it works for the majority of people here. HansIgnored
Disliked{quote} I can understand that post your chart so I can see what colors work for youIgnored
Disliked{quote} Hi Mack,This is my vision, then get some pips during the early morning, to await the arrival PRZ, to see the reaction of the price there. regards {image}Ignored
DislikedHello Traders, Don't let the market fool you. Remember order flow and structure analysis. It tells you what your bias should be. {image}Ignored
Disliked{quote} Hi I like the simplicity of breaking down price action in regards to supply and demand zones and Fibonacci Why would you consider the BC leg swing forming LH and not rather break down the swing into smaller HH , HL until reaching the 61.8 , as I can see sometime members use that and thought that its necessity or just go by the whole BC swing as one leg forming in the GBP example a lower high at aggressive C sell This exact trade reminds me of the video that you have done on the order flow and expectation in regards to structure and fibs...Ignored
The long term order flow gives you a clearer picture of whats happening and who is ultimately in charge. I try to use medium term order flow to confirm and refine my expectations and thesis of long term order flow. I don't necessarily ignore short term order flow but only use it to pin point entry with the help of Price Action. I also use medium term order flow for shorter term trades that go with the longer term order flow out look.
I can only speak for myself but sometime I get caught up with the med-term order flow set ups and lose sign of the higher probability/ long term order flow set up.
GBPUSD July 11, 2014 Review
in the morning this is what I was thinking
0515 Hrs PST/0800 Hrs EST
"At the moment the obvious trend is UP but the recent"whipping" of price this morning has me a little confused. There is a AB=CD which ends at 1.7175 but its still ways away and with the current price will likely become invalid. I'll continue to monitor but for now but I am uncertain whether the Bears or Bulls will take control."
http://icmarkets.ctrader.com/images/screens/V9wwn.png
It wasn't untill 0515 PST/0815 EST, when price dropped below 1.7020 that I changes my bias. I seen the Aggressive C but thought I could hang on for a AB=CD completion to get a better entry. I was also scared out by the whipping of price and needed a clearer picture of who was in control.
It wasn't till afterward, that I extend my charts and realized the missed opportunity. In the Bigger picture the whipping of price was insignificant. Mr.Pip was correct when he stated that it was a breakdown of price. (Back to Order Flow) I was focusing on the medium term swings to confirm entry. In the second chart (the Bigger picture) it was all one swing with Bears regaining strength. I also under estimated the strength of the structure at the 61.8 level of the main swing.
Perfect trade:
https://www.tradingview.com/x/9beIKkFX
For reference, Mr.Pip posted his thought in post #9543
Lessons:
DislikedMack2013 What a nice post, short term order flow and long term order flow, last week I was ready to take a short on EJ H1 but I was hit by the short term order flow and instead of shorting the pair I was waiting for a resumption to the short term order flow to long the pair which never happened I draw fibs from last bullish order flow and waited a retracement to 61.8 to buy from there, but PA kept sinking, went back to higher time frame to see the big picture and before I knew it, the pair just retraced back to 61.8 fibs retracement from the long...Ignored
DislikedI was reviewing Mr. Pips Order Flow video and thought that I would try to break down one of my charts to see if I could recognize the order flow. If you have seen the video, my picture below looks very similar to Mr. Pips chart on the video. Slightly different, but the concept is the same. On my chart momentum from leg AB and leg CD is about the same but you can see the decrease in momentum on leg 12 signaling a possible end to the trend and sure enough, it made a NSH. Its almost scary how close this resembles Mr. Pips chart on the video. Now I...Ignored
Disliked{quote} Dear comrades in trade, Macks and TheScorpS: In 4H, attached my analysis, you can see a ONE TO ONE, and then retreat to 38% and 61%, without reaching to the latter. By breaking the HL, as are we, bearish order flow. And to not break the first LH, 61%, sharply lower runs. In analysis of strength and weakness, we see that a similar magnitude, we expect similar consequences. In short, receding to 61% of a ONE TO ONE, strong resistance at the LH, order flow downward, with similar strength and weakness. And you in your chart, is divergence, bearish...Ignored
DislikedMack2013 What a nice post, short term order flow and long term order flow, last week I was ready to take a short on EJ H1 but I was hit by the short term order flow and instead of shorting the pair I was waiting for a resumption to the short term order flow to long the pair which never happened I draw fibs from last bullish order flow and waited a retracement to 61.8 to buy from there, but PA kept sinking, went back to higher time frame to see the big picture and before I knew it, the pair just retraced back to 61.8 fibs retracement from the long...Ignored
DislikedBuilding a case while still trying to learn the order flow consept. After seing projection and momentum increase I made this chart. Am I correct in my analysis or totally wrong ? Appreciate any comments Thanks Hans {image}Ignored