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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

  • #901
  • Sep 19, 2022 6:45am Sep 19, 2022 6:45am
There is no doubt some expert traders can find trades in this price action but zooming out just to the H1 chart and I guess we have what BV calls, "Unfavorable Conditions"
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Empty your mind and let the market guide you
  • #902
  • Sep 19, 2022 7:56pm Sep 19, 2022 7:56pm
Early drive by the bulls to hit 1.0050 and this has been met with swift selling as Tokyo traders are back in action today.
Attached Image (click to enlarge)
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Empty your mind and let the market guide you
  • #903
  • Sep 19, 2022 8:14pm Sep 19, 2022 8:14pm
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Empty your mind and let the market guide you
  • #904
  • Sep 19, 2022 8:16pm Sep 19, 2022 8:16pm
Trade 1

Looking to trade this back up to the highs in the 2nd hour of Tokyo window.
Price has pulled back for a triple (1st touch ema / technical retest / 40 - 60 retrace)
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 1 Tokyo Window Buy.png Size: 47 KB
Empty your mind and let the market guide you
  • #905
  • Sep 19, 2022 8:39pm Sep 19, 2022 8:39pm
Closed trade on failure of price to get back above the 25 ema.
Attached Image (click to enlarge)
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Empty your mind and let the market guide you
  • #906
  • Sep 19, 2022 9:09pm Sep 19, 2022 9:09pm
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ITB - Seeing Orderliness amongst 'Randomness'
  • #907
  • Edited 9:34pm Sep 19, 2022 9:21pm | Edited 9:34pm
asian session scalp.
d1 resistance.
m5 and m1 head n shoulders alignment.
Attached Image(s) (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #908
  • Sep 19, 2022 10:12pm Sep 19, 2022 10:12pm
Quoting Inthebox
asian session scalp. d1 resistance. m5 and m1 head n shoulders alignment. {image} {image}
Really nice trade especially looking at the multiple timeframes.
Empty your mind and let the market guide you
  • #909
  • Sep 19, 2022 10:22pm Sep 19, 2022 10:22pm
Quoting SunnyCoast
{quote} Really nice trade especially looking at the multiple timeframes.
there are other things to look for.
the downward impulse wave that broke the m5 support.
was there momentum? size of candles?
same goes when the lower channel was broken.
all in alignment with d1 swing.
ITB - Seeing Orderliness amongst 'Randomness'
  • #910
  • Sep 20, 2022 1:21am Sep 20, 2022 1:21am
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Click to Enlarge Name: screenshot.png Size: 5 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #911
  • Sep 20, 2022 1:34am Sep 20, 2022 1:34am
Quoting Inthebox
{image}
Some more really nice work. How was that exit!

I tried to take another trade after the Tokyo Window closed but I had to exit as I was trading in the wrong direction again.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 2 entry.png Size: 44 KB
Empty your mind and let the market guide you
  • #912
  • Edited 2:09am Sep 20, 2022 1:49am | Edited 2:09am
the h1 3 candle swing.
today the lower swing low has been broken.
there is one swing high not broken.
rejected the 16sep resistance and now consolidating and testing there again.
watch lower time frames closely.
any lower high, lower low?
if we were to take one trade during europe session, where will it be?
isn't it around the resistance zone?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #913
  • Sep 20, 2022 2:09am Sep 20, 2022 2:09am
Quoting Inthebox
the h1 3 candle swing. today the lower swing low has been broken. there is one swing high not broken. rejected the 16sep resistance and now consolidating and testing there again. watch lower time frames closely. any lower high, lower low? if we were to take one trade during europe open, where will it be? isn't it around the resistance zone? {image}
Thanks for the H1 chart.

It is really clear to follow.

We are just taking the previous H1 candle high now (EU OPEN candle)
Empty your mind and let the market guide you
  • #914
  • Sep 20, 2022 2:17am Sep 20, 2022 2:17am
Quoting SunnyCoast
{quote} Thanks for the H1 chart. It is really clear to follow. We are just taking the previous H1 candle high now (EU OPEN candle)
we have to ask why when europe open, price was brought up to resistance?
what's happening when london open?
ITB - Seeing Orderliness amongst 'Randomness'
  • #915
  • Sep 20, 2022 2:31am Sep 20, 2022 2:31am
Attached Image (click to enlarge)
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Empty your mind and let the market guide you
  • #916
  • Sep 20, 2022 3:02am Sep 20, 2022 3:02am
Quoting Inthebox
{quote} we have to ask why when europe open, price was brought up to resistance? what's happening when london open?
one hour into london open and price action is lethargic.
price could go further up to test asian high.
there was some momentum that broke m5 lows.
now there is a relatively large bearish m5 candle compared to its surrounding.
ITB - Seeing Orderliness amongst 'Randomness'
  • #917
  • Sep 20, 2022 3:15am Sep 20, 2022 3:15am
I kept adding positions as price kept rejecting the highs

I've taken 2 positions off as we are nearing 1.00 DZ and PP and left one as a runner.

I'm a slow learner but I will get there. Your help in my journal is greatly appreciated Inthebox.
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Empty your mind and let the market guide you
  • #918
  • Sep 20, 2022 3:16am Sep 20, 2022 3:16am
Attached Image (click to enlarge)
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Quoting Inthebox
{quote} there was some momentum that broke m5 lows. now there is a relatively large bearish m5 candle compared to its surrounding.
ITB - Seeing Orderliness amongst 'Randomness'
  • #919
  • Sep 20, 2022 3:29am Sep 20, 2022 3:29am
Quoting SunnyCoast
I Your help in my journal is greatly appreciated Inthebox. {image} {image}
you are doing well.
the hardest thing is to be waiting patiently at key levels,
and to trust the process to bring it through.
like just when i was saying price was lethargic, then a large m5 bearish candle closed below london open.
ITB - Seeing Orderliness amongst 'Randomness'
  • #920
  • Sep 20, 2022 3:52am Sep 20, 2022 3:52am
This was a hard trade to hold my first position on with that spike up on the open of the 2nd M30 candle in the UK Open hour.

If this current hour closes like this we will have another hourly swing high (lower high) so I will follow that one as well.
Attached Image (click to enlarge)
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Empty your mind and let the market guide you
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