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  • #281
  • Jan 18, 2023 1:14pm Jan 18, 2023 1:14pm
UJ gave a setup yesterday (EST time zone)

setup on m30, entry on m3

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entry was demand zone within a demand zone (inception )
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  • #282
  • Jan 18, 2023 1:19pm Jan 18, 2023 1:19pm
UJ setup today

Price broke 4hr psych level violently, retraced to retest it. Coincident with 50% fib and 4hr psych + candlestick pattern = good short position. Notice the wicking of the 4hr psych level while failing to close above 50% fib multiple times. This is your cue.

setup:
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entry:
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  • #283
  • Jan 18, 2023 3:08pm Jan 18, 2023 3:08pm
Quoting andoseg2
So where TP ? Mabe in the Last Higher High broken upside wich act as support. (green band) {image}
for TP always aim for previous high/low that offers a reasonable r:r before entering.
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  • #284
  • Jan 18, 2023 3:30pm Jan 18, 2023 3:30pm
UC potential setup if price enters our shaded rectangle with psych level + fib confluence. Still need to drill down to lower tf to find the entry. Price can simply melt without giving any proper entry so always watch on lower tf to give you clue. Normally, you would see a huge demand zone created as soon as price enters this zone which should be your cue that there are massive orders being filled and you'd enter on the retracement of that or if there is a clear bullish candlestick pattern. Let's wait and see!

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  • #285
  • Jan 18, 2023 3:49pm Jan 18, 2023 3:49pm
Recent setup on UC:

Setup on 1hr: S&D zone violently broke through 4hr & Monthly psych level:

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Entry on m5: we see a reaction as price tests the supply zone created on H1 tf, we see another heavy sell off and we draw a new supply zone and when price re-tests that we enter short. A generous 3.75:1 trade opportunity given.

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  • #286
  • Jan 18, 2023 9:06pm Jan 18, 2023 9:06pm
thoughts?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #287
  • Jan 18, 2023 9:12pm Jan 18, 2023 9:12pm
Quoting Inthebox
thoughts? {image}
UJ erratic due to all the BOJ fundamentals. But my best pick would be to wait for it to provide a setup by testing the 4hr demand & psych level to load up on some orders, and break through the monthly up and come back down to retest it. That’s when it should provide an entry to the upside just need to drill down on lower TF when it retests the Monthly psych to find a bullish confirmation for entry.
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  • #288
  • Jan 18, 2023 9:28pm Jan 18, 2023 9:28pm
Quoting PPT
{quote} UJ erratic due to all the BOJ fundamentals. But my best pick would be to wait for it to provide a setup by testing the 4hr demand & psych level to load up on some orders, and break through the monthly up and come back down to retest it. That’s when it should provide an entry to the upside just need to drill down on lower TF when it retests the Monthly psych to find a bullish confirmation for entry. {image}
thanks
are you a swing trader?
i am short term day trader.
ITB - Seeing Orderliness amongst 'Randomness'
  • #289
  • Jan 18, 2023 9:31pm Jan 18, 2023 9:31pm
Quoting Inthebox
{quote} thanks are you a swing trader? i am short term day trader.

Mainly swing trading but if I see a good setup on lower TF I’ll take it.
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  • #290
  • Jan 18, 2023 11:21pm Jan 18, 2023 11:21pm
USDCAD has entered the buy zone so we expect price to retrace to the Fib zones and coincide with our Monthly & 4hr psych lines. As usual, drill down to lower tf to find an entry

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  • #291
  • Jan 18, 2023 11:27pm Jan 18, 2023 11:27pm
NAS100 should retrace back up to pick up more orders. Watch the area around the monthly psych level. If it pierced it then I suspect it’s going to fvg the large gap above where the daily psych level is.

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  • #292
  • Jan 18, 2023 11:47pm Jan 18, 2023 11:47pm
Hi guys, so I had this level, probably made how PPT said, this happened. This is for anyone who thinks it does not work.

Actually with sentiment very nice thing. Was about 70% of sellers on GBPUSD, and price did exactly the opposite. Lovely.

SF
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  • #293
  • Jan 19, 2023 12:05am Jan 19, 2023 12:05am
Quoting SilentFather
Hi guys, so I had this level, probably made how PPT said, this happened. This is for anyone who thinks it does not work. Actually with sentiment very nice thing. Was about 70% of sellers on GBPUSD, and price did exactly the opposite. Lovely. SF {image}
Hi,
Why not choose 1.23 the round number?
  • #294
  • Jan 19, 2023 12:07am Jan 19, 2023 12:07am
Quoting SilentFather
Hi guys, so I had this level, probably made how PPT said, this happened. This is for anyone who thinks it does not work. Actually with sentiment very nice thing. Was about 70% of sellers on GBPUSD, and price did exactly the opposite. Lovely. SF {image}
Good find! Psych levels are powerful. You can use them however way you want. The most important thing is to watch what price does around these levels. It either blasts through it, or respects it like a gentle touch. A kiss or kill type of thing.
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  • #295
  • Jan 19, 2023 12:09am Jan 19, 2023 12:09am
Recent EU trade setup:

4hr fib @ 61.8 coinciding directly with a Daily psych level

3m TF huge demand spike when price hit the daily psych. As usual draw your demand zone and aim for last high as TP. A sweet 4.5:1 trade.

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  • #296
  • Jan 19, 2023 12:21am Jan 19, 2023 12:21am
Quoting KevinZeng
{quote} Hi, Why not choose 1.23 the round number?
Good question. Thing is you need to round number where price goes away from. Let's see this for example. It's not really good example but I hope you got it.

First you take this high (same for low)
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then you will round it and this is your level.

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You need more of those levels actually. But it is already more than enough for you to trade this.
  • #297
  • Jan 19, 2023 12:22am Jan 19, 2023 12:22am
Hi everyone, I am new here and loving the analysis. good work.
May I please ask what are the psych level that PPT is talking about if its not too much to ask.
  • #298
  • Jan 19, 2023 2:35am Jan 19, 2023 2:35am
Quoting KevinZeng
{quote} Hi, Why not choose 1.23 the round number?
please check post #1 for link to post on how to draw psychological levels
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  • #299
  • Jan 19, 2023 4:01am Jan 19, 2023 4:01am
Quoting DavidBaggio
Hi everyone, I am new here and loving the analysis. good work. May I please ask what are the psych level that PPT is talking about if its not too much to ask.
first thing first.
always read post 1 of any thread first.
and it will lead you there.
ITB - Seeing Orderliness amongst 'Randomness'
  • #300
  • Jan 19, 2023 4:12am Jan 19, 2023 4:12am
Quoting DavidBaggio
Hi everyone, I am new here and loving the analysis. good work. May I please ask what are the psych level that PPT is talking about if its not too much to ask.
Hi welcome to the thread, David. Please read post #1 for psych level link.

As for what they are, they are levels where price has made clear cut reverse in direction usually confirmed by at least 2 candle CLOSE/OPEN.
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