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  • #721
  • Jul 8, 2021 7:30am Jul 8, 2021 7:30am
Quoting snail69
{quote} Also took GU. {image}
whats that histogram below?
some kind of average slope? (i use 400 lma sometimes on 30m)
offering my system to copy trade. check my link
  • #722
  • Jul 8, 2021 7:33am Jul 8, 2021 7:33am
uc 5m first image + 1m second image

i will not take it since i am done for the day and i do not scalp UC.
but it should work.
if it was eu i would take it no questions asked
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edit. technicaly if i had taken it, stops would be at be right about here (1m). these levels always get respected but being cautious never hurt anybody
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  • #723
  • Jul 8, 2021 7:42am Jul 8, 2021 7:42am
Quoting nikosk0
scherzi this trade is for you. ICT OTE apllies perfectly althought i dont know exactly the system to actually trade it the way ICT does since i have focused on my own {image} {image}
More like this , basically same as you do.
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The final retracement, is much more deeper than OTE. I think that OTE has some geometrical similarities to flag trading style.

Now EU is @H1 OTE, but I think it is too soon to sell in any case. So I am waiting still to see prices either moving up or breaking down to confirm a possible reversal before.

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I think I will wait till the options markets open in USA and see what they do.
  • #724
  • Jul 8, 2021 7:49am Jul 8, 2021 7:49am
@Scherzi

Thanks for sharing all these insight.

I kinda understand, i was just being a bit frustrated and losing patient as it has been consolidated over such a big range for a long time.

However I do learn sth new from you, which is the way you spot the OB, are you able to tell me a bit more how you define a strong or possible more reliable OB please?
  • #725
  • Jul 8, 2021 7:50am Jul 8, 2021 7:50am
btw, can someone tell me whats going on with UJ and AUDCHF? is it news driven? what is the news? such a big drop!

I have my eyes on them and looking for short term buy setup as the move is so over extended. Any opinion is welcome
  • #726
  • Jul 8, 2021 7:50am Jul 8, 2021 7:50am
Quoting scherzi
{quote} More like this , basically same as you do. {image} The final retracement, is much more deeper than OTE. I think that OTE has some geometrical similarities to flag trading style. Now EU is @H1 OTE, but I think it is too soon to sell in any case. So I am waiting still to see prices either moving up or breaking down to confirm a possible reversal before. {image} I think I will wait till the options markets open in USA and see what they do.
eu is a no-no for me right now.

am only interested in buying at 1.18-1.1805 area or if it breaks 1.189 top then a buy at 1.181-1.183

not a single sign for a sort atm

i think i am done for today and need a little more to be done with my weekly target (i am at 85% of my weekly target, only need half a trade)

so i'll play it safe

Quoting luckyvictor
@Scherzi Thanks for sharing all these insight. I kinda understand, i was just being a bit frustrated and losing patient as it has been consolidated over such a big range for a long time. However I do learn sth new from you, which is the way you spot the OB, are you able to tell me a bit more how you define a strong or possible more reliable OB please?
consolidation is the best if you learn how to identify the next move. dont get frustrated, play with it.


ob is the last down candle before an up move and the last up candle before a big down move
offering my system to copy trade. check my link
  • #727
  • Jul 8, 2021 7:53am Jul 8, 2021 7:53am
Quoting luckyvictor
@Scherzi Thanks for sharing all these insight. I kinda understand, i was just being a bit frustrated and losing patient as it has been consolidated over such a big range for a long time. However I do learn sth new from you, which is the way you spot the OB, are you able to tell me a bit more how you define a strong or possible more reliable OB please?
Just study ICT if you want to learn more. It is free on Youtube.
  • #728
  • Jul 8, 2021 7:54am Jul 8, 2021 7:54am
Quoting nikosk0
{quote} eu is a no-no for me right now. am only interested in buying at 1.18-1.1805 area or if it breaks 1.189 top then a buy at 1.181-1.183 not a single sign for a sort atm i think i am done for today and need a little more to be done with my weekly target (i am at 85% of my weekly target, only need half a trade) so i'll play it safe {quote} consolidation is the best if you learn how to identify the next move. dont get frustrated, play with it. ob is the last down candle before an up move and the last up candle before a big down move
ob is the last down candle before an up move and the last up candle before a big down move

This is the standard definition, and obviously there are lots of these example, but any way to identify one that is better/stronger than other?

As an example, would you consider this OB will hold?
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  • #729
  • Jul 8, 2021 7:58am Jul 8, 2021 7:58am
Quoting luckyvictor
btw, can someone tell me whats going on with UJ and AUDCHF? is it news driven? what is the news? such a big drop! I have my eyes on them and looking for short term buy setup as the move is so over extended. Any opinion is welcome
i dont know if it is just me, but the majority is only looking at charts here mate. uj was bound for a sell off
if you look at scherzi's previous post about new tops that take out liquidity you can understand why.

bonus tip.
a slow up move that makes a new top is ussually followed by a fast down that will break all lows and clear out liquidity.
in general price travels -to and from- liquidity zones. identify them correctly and you'll win

structure liquidity, OTE, ICT,OB are all the same concept with different names. the simpliest form of all is structure and the reason why i chose to only talk about it is because it is simple.
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  • #730
  • Jul 8, 2021 7:59am Jul 8, 2021 7:59am
Quoting luckyvictor
{quote} ob is the last down candle before an up move and the last up candle before a big down move This is the standard definition, and obviously there are lots of these example, but any way to identify one that is better/stronger than other? As an example, would you consider this OB will hold? {image}
I forgot to say. Time is as important as price is.

Hence, OB without proper time analysis may not define a high probability setup.
  • #731
  • Jul 8, 2021 7:59am Jul 8, 2021 7:59am
and for AC, do we have any OB in the circled area?
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  • #732
  • Jul 8, 2021 8:00am Jul 8, 2021 8:00am
Quoting scherzi
{quote} I forgot to say. Time is as important as price is. Hence, OB without proper time analysis may not define a high probability setup.
time as in time of the day or timeframe?? i.e. higher the TF, better it is
  • #733
  • Jul 8, 2021 8:01am Jul 8, 2021 8:01am
But anyways, it is worthless just to focus on details. Charts should be studied as a whole.

That is why I say that @niosk0 approach is more than enough because it comprises a complete setup.

If you want to study order-blocks, you will have to spend a few years before digesting it and no one will be able to clarify your doubts on a forum answering questions.
  • #734
  • Jul 8, 2021 8:01am Jul 8, 2021 8:01am
Quoting luckyvictor
{quote} time as in time of the day or timeframe?? i.e. higher the TF, better it is
time of the day, and time since the previous move that happened. the most recent the better
offering my system to copy trade. check my link
  • #735
  • Jul 8, 2021 8:04am Jul 8, 2021 8:04am
Quoting luckyvictor
and for AC, do we have any OB in the circled area? {image}
that area has already been tested and provided a good long. the move is now down if anything, the only thing that may happen there is a pullback. and it is an old area, dont count on it. nobody cares what happeneda year ago, they only care what happened yesterday or the past week
offering my system to copy trade. check my link
  • #736
  • Jul 8, 2021 8:15am Jul 8, 2021 8:15am
Seeing a short opportunity here on UC. Are you guys seeing the same?

(Dont mean to get any trading opinion, but if i see what you guys see, then i m speaking the same language)
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  • #737
  • Jul 8, 2021 8:20am Jul 8, 2021 8:20am
Quoting luckyvictor
Seeing a short opportunity here on UC. Are you guys seeing the same? (Dont mean to get any trading opinion, but if i see what you guys see, then i m speaking the same language) {image}
https://www.forexfactory.com/thread/...8#post13617898

check this link already posted. dont enter now in any case but yes it was an opportunity
offering my system to copy trade. check my link
  • #738
  • Jul 8, 2021 8:24am Jul 8, 2021 8:24am
Quoting nikosk0
{quote} https://www.forexfactory.com/thread/...8#post13617898 check this link already posted. dont enter now in any case but yes it was an opportunity
oh you do have the example, excellent, so i think i am in line with you guys.

Thanks very much!
  • #739
  • Jul 8, 2021 8:24am Jul 8, 2021 8:24am
Quoting nikosk0
{quote} only interested in buying at 1.18-1.1805 area or if it breaks 1.189 top then a buy at 1.181-1.183 not a single sign for a sort atm i think i am done for today and need a little more to be done with my weekly target
Well done, it is good to establish a limit.

My initial guess for today is that last Tuesday could be the high of this week. Currently EU presents a price equal to the daily open for EU on Tuesday. If we want to print a wick on top of this week's candle and Tuesday remains actually as the high of the week; then we need to drop prices down the current price to draw the candle's body.

Otherwise we would have a doji. This guess is not a big deal but I am tracking USA markets today under this assumption trying to find signs of negative repricing before Friday EOD under the consideration that Tuesday is the candidate for being the high of this week.

Maybe it is assuming too much.
  • #740
  • Jul 8, 2021 8:30am Jul 8, 2021 8:30am
Quoting nikosk0
rules for trading 1. never risk more than 1% of your account in a single trade, EVER. if you think you do not have enough capital, go to a prop firm and get funded 2. with this system you can get 2 good and clean trades every day, you will look for them and them alone. if you win 1 of them (worst case scenario) thats +0.5% in a day. a year has 220 trading days. if you dream that with 1k you can become a millionare you can forget it 3. dont be gready you will loose it all 4.only 1 trade at a time or one swing and one scalp, never 2 swings or 2 scalps....

All of these diagrams are perfect examples of the usefulness of technical analysis in hindsight.

Can you explain how to identify 'higher highs' and 'lower lows' PRIOR to them happening, because nobody can make money with hindsight.
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