Journey to consistency

There's always a rhyme or a reason why price moves one way to the other and now I can clearly see 10880 on daily....

As for today on daily the main S 10985 main support became resistance broke also the main breakout area on 1h on the upside there's 11266 main R on daily this area is a possible bear zone because there hasn't been a retest up here also at 11437, 10880 was also a possible bear zone but bulls climbed through that zone.

Judging purely by the levels its going to be a pin pong between 11266R and 10985S for a few days I think this will take a while before it takes a direction because its daily we're talking about.

However going by S&R flow I'm bullish for now on daily because 10985 has been broken that's been the main R, support becomes resistance breaks ? gets a retest. On daily from what I can see for now, I'm bullish.

Going down to 1h I also don't see anything specific except for price slowing down below 11266 which is natural and expected, again the range is in between 11266 to 10985 plenty of room to down from here so although I'm bullish I ain't buying this from up there I need to wait for 1h to give me some heads up as to where it wants to go within this range probably down to 10985 I could go for a short from above below the main R "ONLY" if 1h gives me heads up.

Conclusion for today I have my daily range lets wait on 1h to give me more information !

I was expecting a gap up didn't happen that's alright, price currently hanging by 11196 mid support this isn't crucial point or support the main point up around here is 11260 like I said I don't see any heads up on 1h for a moment I thought I'll then go 11266 with 5min nope that's not going to happen I'll wait on 1h.

possibilities are if it doesn't have a go at 11260 again 11196 might break that's also in the cards , I think those are the most likely scenarios I'll wait for this 1h candle to close patiently and see how it'll look both on 1h and 5min and will decide.
todays going to be

on 5min I see 11209 previous support retest , this surely is a retrace run down as far as daily is concerned also on 1h if it doesn't get a retest at 11260, so I might have to follow the 5min lead...... again 1h I except for 11260 slow down and 11196 break I don't see much so I might have to go down to 5min for more clues today.

+6

3 sell attempt 1 I lost... the second I let 10pips ran away at 11160.

we're in the middle of nowhere now my bias..... short.

we have so much ground to cover in between the main daily range and its in no mans land except for take profit land.....

11151 is the nearest S on 1h... not an ideal place for neither bears or bulls I doubt there's much order around here nevertheless this level could propel some more volatility

going by 5min the flow is down still 11161 is 5min R now possibly in the process of retest.

I'm done LOL its too slow probably not going out of this range until tomorrow because its just too far from order flow however 5min could slowly send this somewhere where big orders are hovering around US is on holiday I think it doesn't help the situation.

Preplanned sequences and Extemporaneous response

I was prepared for a sell, and I knew this was going to be a retrace move down but I expected gap up and retest of daily R this is where my lack of knowledge and experience comes in I don't think you get a retest on 1h below daily main R if its a retrace I could be wrong nevertheless that was my plan and I was "well prepared" at the best of my capability and on the grounds of what I can see not can not see.

Then as Frankfurt opened instead of gap up , there was a gap down.... now this is the challenging part to trading. But like I said I was prepared on daily and 1h, and I knew bulls weren't going to buy this from below a daily R the bias remained much less the same that's where preparation comes in really useful because you won't be confused ! I used to change my bias LOL. But the challenge was where to sell it...... since 1h offered little insight the only useable information on 1h was that it was backing off of a prominent R on daily and there was support I had to zoom down to 5min and find more clues which I did and eventually sold it off.

In conclusion I think I'm becoming good at managing the unknowns fairly quickly ! and I am satisfied with how I prepare for the day but the only thing I still need a lot of improvement on is exit... before I even enter a trade I need to know where to exit and on what grounds... but I think the main thing to look out for , for exits are going to be 1h levels I also should be able to decide if I should exit or not depending on 5min price behavior along with bigger TF levels.

Daily main R 11260 daily mid S 11098 I'm bearish today daily says it might be actually testing 11260.

To go down any further down I should get a go from 1h, yd it was mostly retreat from a prominent daily R on 1h cause hadn't been established just yet OR it already did at 11160 (I'm not too sure about this 1).

Possibilities for today on 1h are a. 11197 gets a retest, b. 11138 breaks price bounces off of 11098 and 11138 gets a retest or c. 11098 breaks daily S and continues to fall.

Scenario b and c are the most likely as for exit for all 3 is 10985.

strange.... hmmmmm

is it the MAs or is there something else going on.....

4 failed attempts lets wait on 1h candle close

if 11098 breaks that'd be the end for bears... and for my bias I'll need to wait for more confirmation on 1h.

lets see the possibilities from here on and now I don't think I should abandon my bias that quickly its daily I may have seen it wrong I could have but if I wait patiently 1h will give me heads up.

I think 11138 ( is the main S on 1h) is the last chance for bears now that it seems 11098 is taken out but from here bulls can take over no indication on daily for bulls just yet so 1h will lead, again patience, patience and patience sit on your hands until 1h shows you the way.

OK now I "really" see the daily , daily S was at 11089 not 11098 I forced it! and saw a retest "an illusion" but in actuality daily no retest just yet, so bullish for now. However on 1h I need to see my S becomes R then breaks becomes S I haven't seen that just yet so again sitting on my hands. I might have to work through US session today I need to recover my 12pips.

I've been sitting on my hands since my last update and 4 failed attempt at short that's something to pat myself on the back for.

Now the possibilities are a. 11089 holds 11138 breaks becomes support b. 11089 holds and breaks

now I've been looking at 5min PA and right below 11138 how it behaved didn't look very bullish to me so it is starting to look like my short attempts weren't so wrong the timing was off.

-5.3 -9 pips net calling it a day here I don't think this is going down I just don't believe it anymore judging by the look of daily, 1h and 5min something else is building up.

I didn't do my preparation well enough, I forced daily for a retest. I need to stop "forcing" easier said than done. But I have to try harder. I must be very precise when it comes to drawing the daily levels... and reading the form on 1h.

what a tricky dynamic !!


MAs coming into play now

5mi peak and trough signaling downtrend

No expectation no bias today but I have my "prominent" levels. I'll wait on the reaction and will just go along to get along !

R1 11089
R2 11147

S1 10985

current daily S 11007, 1h S 11031 1h R 11064

Is it going to be 31 or 64 ? we'll see.

11038 5min S higher peak higher trough possibly ?

act on fact not on expectation.
follow the rules.

+22net

11089 I should have been patient it may break next R 1h 11129

Hang on a strange dynamic is going on 11089 is daily R I better wait this could go down...

can I or should I improvise now ??!

should be careful around here at 89 although I did see high peak and high trough on 75 this could be a bait.
is that a reversal on 5min below 89 ? because we have nothing to test here its been tested yesterday....

no it doesn't quiet look like a reversal a breakout ??

11075 is the peak 5min.

bulls ain't giving up

Daily R2 11147
1h R2 11129

Daily R1 11089
1h R1 11069

Daily S1 11007
1h S1 11031

Daily S2 10969

Daily S3 10875
1h S3 10918

*I might have left some level in between daily S1 and S2 I need to have a re look and re confirmation for price. OK I got daily S 2 in between S1 and S3.

On the upside as for cause previous daily S2 and 1h S2 broke it didn't hold after failing before daily R2 and S2 price managed to hold right above current daily S1 and 1h S1 11007 being the main S. This story alone tells me few scenarios to consider but I'll most likely going to be selling from where and when is the main challenge.

But for now scenarios to consider are :

a. 11089 gets a retest and price continues to rise from where it is currently
b. price opens with a gap down finds support at 11007 and rises from there to test 11089
c. current daily S1, 1h S1 breaks and opens with gap down finds support at S3

Now for scenario b and c I can improvise and attempt countertrend longs from daily support, with a I only get to trade with the trend. Another thing to be careful of especially with if option c happens this could propel directional change I have to look out for that.

To conclude my bias in general bearish only if the conditions align with my rule and I have to be extra careful with option c I might have to turn around if something else happens on S3.

11057 main S on 5min now
better wait until peak and trough confirms on 5min

Or this might test daily R 11089

this looks tricky.

its going to be ping pong between 69 1h R and 33 1h S.