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Attachments: BV Style - M5 PA + 25 EMA on EURUSD
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BV Style - M5 PA + 25 EMA on EURUSD

  • #781
  • Sep 12, 2022 6:37am Sep 12, 2022 6:37am
Quoting SunnyCoast
{quote} Thank you for the added information. Unfortunately, the M1 and I are not the greatest of friends. I tend to over-analyze things and there is actually 5 times more things happening on the M1 than the M5. It just is way too fast for me and that is directly related to my personality. For this set up, I really wanted to see a false hourly high above the high of the day as my main trigger. The area was perfect for selling, I just didn't have enough things lining up for my entry.
you do not monitor the m1 per se.
since your trading time frame is always on m5, m1 does not come into play to analyze.
the sole purpose is to see whether there is any head n shoulder pattern after you see price below m5 25ema.
your control is in m5.
i know, different folks different strokes. understand.
ITB - Seeing Orderliness amongst 'Randomness'
  • #782
  • Sep 12, 2022 7:11am Sep 12, 2022 7:11am
Double Bottom with build up just under the 1.0150
Took profit at 16 pips on the large first 5 min bar of NY window open.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 1 Entry.png Size: 13 KB
Empty your mind and let the market guide you
  • #783
  • Sep 12, 2022 7:32am Sep 12, 2022 7:32am
ny open with no upcoming news.
ITB - Seeing Orderliness amongst 'Randomness'
  • #784
  • Sep 12, 2022 6:52pm Sep 12, 2022 6:52pm
Bulls and bears had their turn yesterday and just noting that the market has closed (not convincingly) above the 25 day ema.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily Chart.png Size: 29 KB
Empty your mind and let the market guide you
  • #785
  • Sep 12, 2022 6:53pm Sep 12, 2022 6:53pm
Great day for red folder news.
Attached Image (click to enlarge)
Click to Enlarge Name: News.png Size: 13 KB
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  • #786
  • Sep 12, 2022 6:57pm Sep 12, 2022 6:57pm
Attached Image (click to enlarge)
Click to Enlarge Name: M5 Tokyo Open.png Size: 24 KB
Empty your mind and let the market guide you
  • #787
  • Sep 12, 2022 7:23pm Sep 12, 2022 7:23pm
Tokyo Open 10 pip trade.
PBP - Pattern Break Pullback (retest)

1. Trade with the Dominant Pressure
2. Wait for the Build Up
3 Look for the set up
Attached Image (click to enlarge)
Click to Enlarge Name: Tokyo Open trade.png Size: 9 KB
Empty your mind and let the market guide you
  • #788
  • Sep 12, 2022 10:08pm Sep 12, 2022 10:08pm
Quoting Inthebox
{quote} {image}
wait till europe session as triangle is forming in m30.
watching whether price will peak on tuesday or wednesday for the week.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #789
  • Sep 12, 2022 10:39pm Sep 12, 2022 10:39pm
Quoting Inthebox
{quote} wait till europe session as triangle is forming in m30. watching whether price will peak on tuesday or wednesday for the week. {image}
Thanks for the update, much appreciated.

The 1.0120 area has been such a significant point since July.
If bears can start building positions here - support now turned resistance - another test of the lows could be on the cards.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.0120 level.png Size: 44 KB
Empty your mind and let the market guide you
  • #790
  • Sep 12, 2022 10:48pm Sep 12, 2022 10:48pm
Quoting SunnyCoast
{quote} Thanks for the update, much appreciated. The 1.0120 area has been such a significant point since July. If bears can start building positions here - support now turned resistance - another test of the lows could be on the cards. {image}
h4 support below.
got squeezed in tiny range.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #791
  • Sep 12, 2022 10:57pm Sep 12, 2022 10:57pm
Nice build up now. Nothing to do till EU / UK Open.
Attached Image (click to enlarge)
Click to Enlarge Name: Tokyo Window.png Size: 15 KB
Empty your mind and let the market guide you
  • #792
  • Sep 13, 2022 1:40am Sep 13, 2022 1:40am
Both sides of the Tokyo Window have been swept and price is pushing up against the 1.0150 level.
Still favoring buys here for the time being.
Attached Image (click to enlarge)
Click to Enlarge Name: Eu Open HOur.png Size: 14 KB
Empty your mind and let the market guide you
  • #793
  • Sep 13, 2022 2:02am Sep 13, 2022 2:02am
Nice little pop on the open. Needs to get passed the 1.0150
Attached Image (click to enlarge)
Click to Enlarge Name: UK Open.png Size: 10 KB
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  • #794
  • Sep 13, 2022 2:23am Sep 13, 2022 2:23am
Bears trying to dominate here with multiple rejections of 1.0150
Attached Image (click to enlarge)
Click to Enlarge Name: Bears trying to dominate.png Size: 12 KB
Empty your mind and let the market guide you
  • #795
  • Sep 13, 2022 2:43am Sep 13, 2022 2:43am
Have now boxed the price action as it is stuck between Daily Pivot and the 1.0150 level.
Removed triangle lines as they have done their job trapping traders on both sides.
Attached Image (click to enlarge)
Click to Enlarge Name: Uk Open Hour Box.png Size: 10 KB
Empty your mind and let the market guide you
  • #796
  • Sep 13, 2022 2:53am Sep 13, 2022 2:53am
eu equal highs liquidity pool.
so far ldn making high of day.
will see any attempts to break previous day high.
whereas gu had already done so.
ITB - Seeing Orderliness amongst 'Randomness'
  • #797
  • Sep 13, 2022 3:07am Sep 13, 2022 3:07am
Pressure building here now and currently price being carried by the ema.
Early sellers will have stops above today's high = double pressure for bulls to target.
Attached Image (click to enlarge)
Click to Enlarge Name: UK 2nd hOur Pressure Building.png Size: 12 KB
Empty your mind and let the market guide you
  • #798
  • Sep 13, 2022 3:26am Sep 13, 2022 3:26am
LTF traders would be seeing the Ms here and justified in selling here for a scalp or even more.

I won't be selling here above the Daily PP and rising HTF emas.

If this turns into a False Low I'll be looking for 1.0180 or even 1.02.

Happy to go short on a break and pullback of Daily PP
Attached Image (click to enlarge)
Click to Enlarge Name: UK 2nd HOur 2.png Size: 14 KB
Empty your mind and let the market guide you
  • #799
  • Sep 13, 2022 3:42am Sep 13, 2022 3:42am
Sunny, Inthebox, liking the discussion, and thorough explanations. Thank you for that.
  • #800
  • Sep 13, 2022 3:46am Sep 13, 2022 3:46am
Quoting tommiho
Sunny, inthebox, liking the discussion, and thorough explanations. Thank you for that.
Most welcome. Share a chart if you feel like it. Everyone is welcome.
Empty your mind and let the market guide you
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