Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
Cable Update (GBPUSD)
- #604,882
- Jun 25, 2021 4:00am Jun 25, 2021 4:00am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #604,883
- Jun 25, 2021 4:02am Jun 25, 2021 4:02am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #604,884
- Jun 25, 2021 4:04am Jun 25, 2021 4:04am
- Joined Jul 2015 | Status: Trader | 2,762 Posts
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
- #604,885
- Jun 25, 2021 4:08am Jun 25, 2021 4:08am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
-97.0%
- #604,889
- Jun 25, 2021 4:21am Jun 25, 2021 4:21am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Together we can be strongest
Vantage Return This Month:
-97.0%
- #604,890
- Jun 25, 2021 4:22am Jun 25, 2021 4:22am
- Joined Oct 2010 | Status: Trader | 4,465 Posts
I guess the downside has not finished yet so , short is more likely for now,
Looking closer at the retest area from 1H using the 15 min the pattern looks trianglular, so it would be break retest again then short
Around 3830 would a good target
Looking closer at the retest area from 1H using the 15 min the pattern looks trianglular, so it would be break retest again then short
Around 3830 would a good target
Follow The Markets Structure - Patience and Discipline
- #604,892
- Jun 25, 2021 4:24am Jun 25, 2021 4:24am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
GU
What I am looking at. ? To illustrste this Daily TF Chart showing the SNR Level that interest me.
Note : I use diffent chart as my trading chart full of LTF line/SNR level. This chart will provide clarity to HTF observation.
Every time price visits a S&D and S&R level, sellers/buyers are consumed.
In current GU chart, price is making lower highs but kept bouncing of this demand/support level as each time price visited this level, buyers jumped in. How much buyer power left to lift up the price in the next four hours to carry it on to NY session with higher price ?.
People perceive things differently [for that simple chart]. Some will think ..ok I need a fix entry rule and where i'm going to put stop and target.
Some just being opportunist, entering upon seeing rejection in those cluster exit the trade as soon as possible when it go against them and keep it as long a possible when it goes in their favor. Scalper will do the same when it keep bouncing in the same zone.
So the question you have running in my head no doubt is why did I take that GU long since price had visited this demand zone on numerous occasions?
This is where the weekly and daily timeframes come into play.
What I see is price sitting at support which is significant to Daily TF (including this week) and when in a range, you buy at the bottom and sell at the top. I suspect we will continue further to test 1.39500, but I could be wrong as I don't have Aladdin Magic Lamp ( given that to Waveskierrob's .).
The ideal situation is a trade within the zone itself.
I believe the key to having the confidence to trade at these levels and by so doing, "step in front of the herd," is having a solid understanding of the dynamics of order flow and how it affects price.
BTW this is my thought process, not recommendation to buy or sell.
Trade Safely
What I am looking at. ? To illustrste this Daily TF Chart showing the SNR Level that interest me.
Note : I use diffent chart as my trading chart full of LTF line/SNR level. This chart will provide clarity to HTF observation.
Every time price visits a S&D and S&R level, sellers/buyers are consumed.
In current GU chart, price is making lower highs but kept bouncing of this demand/support level as each time price visited this level, buyers jumped in. How much buyer power left to lift up the price in the next four hours to carry it on to NY session with higher price ?.
People perceive things differently [for that simple chart]. Some will think ..ok I need a fix entry rule and where i'm going to put stop and target.
Some just being opportunist, entering upon seeing rejection in those cluster exit the trade as soon as possible when it go against them and keep it as long a possible when it goes in their favor. Scalper will do the same when it keep bouncing in the same zone.
So the question you have running in my head no doubt is why did I take that GU long since price had visited this demand zone on numerous occasions?
This is where the weekly and daily timeframes come into play.
What I see is price sitting at support which is significant to Daily TF (including this week) and when in a range, you buy at the bottom and sell at the top. I suspect we will continue further to test 1.39500, but I could be wrong as I don't have Aladdin Magic Lamp ( given that to Waveskierrob's .).
The ideal situation is a trade within the zone itself.
I believe the key to having the confidence to trade at these levels and by so doing, "step in front of the herd," is having a solid understanding of the dynamics of order flow and how it affects price.
BTW this is my thought process, not recommendation to buy or sell.
Trade Safely
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #604,896
- Jun 25, 2021 4:38am Jun 25, 2021 4:38am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
