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USD/CHF

  • #6,241
  • Jul 21, 2023 1:35am Jul 21, 2023 1:35am
Straight in for short this morning on H1

intermediate correction C


Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 30 KB
Follow The Markets Structure - Patience and Discipline
  • #6,242
  • Jul 21, 2023 2:35am Jul 21, 2023 2:35am
Quoting pipfarm
Straight in for short this morning on H1 intermediate correction C {image}
Change of plan , no short as this might be the correction over, so should go long at some point
Follow The Markets Structure - Patience and Discipline
  • #6,243
  • Jul 21, 2023 2:53am Jul 21, 2023 2:53am
Quoting pipfarm
{quote} You can get it for free on mql market place , just search the name of the indicator in the chart.
Okechukwu Jacob.C.
  • #6,244
  • Jul 21, 2023 2:56am Jul 21, 2023 2:56am
Quoting pipfarm
Straight in for short this morning on H1 intermediate correction C {image}
The major market players are yet to decide, Some more patience will help give a clearer picture boss..
Okechukwu Jacob.C.
  • #6,245
  • Jul 21, 2023 2:58am Jul 21, 2023 2:58am
At the moment, the market is consolidating, waiting for breakouts as further confirmation will do..
Okechukwu Jacob.C.
  • #6,246
  • Jul 21, 2023 3:01am Jul 21, 2023 3:01am
A few key points to note in forex:
1. PATIENCE is Key..
And
2. The TREND is your Friend..

Always work with this notes amongst others..
Okechukwu Jacob.C.
  • #6,247
  • Jul 21, 2023 3:02am Jul 21, 2023 3:02am
Quoting jacobokey12
At the moment, the market is consolidating, waiting for breakouts as further confirmation will do..
You can not see it but it is a very shallow abc correction designed to make us think the trend is down , but the true direction is up after the correction, the space below makes us want to short for fear of it filling that gap.
Follow The Markets Structure - Patience and Discipline
  • #6,248
  • Jul 21, 2023 3:29am Jul 21, 2023 3:29am
Quoting pipfarm
{quote} You can not see it but it is a very shallow abc correction designed to make us think the trend is down , but the true direction is up after the correction, the space below makes us want to short for fear of it filling that gap.
Looks like i got faked out on this one but still for sure this is a correction , will wait a bit longer
Follow The Markets Structure - Patience and Discipline
  • #6,249
  • Jul 21, 2023 4:01am Jul 21, 2023 4:01am
Quoting pipfarm
{quote} Looks like i got faked out on this one but still for sure this is a correction , will wait a bit longer

nearly there for the long

The major trend is up on H1 so the abc down is a correction, just waiting for H1 to close up
Follow The Markets Structure - Patience and Discipline
  • #6,250
  • Edited 7:09am Jul 21, 2023 5:01am | Edited 7:09am
Quoting pipfarm
{quote} nearly there for the long The major trend is up on H1 so the abc down is a correction, just waiting for H1 to close up

Closed to the upside ready to go needs to break 8670 to create the trend up for the continuation
Follow The Markets Structure - Patience and Discipline
  • #6,251
  • Jul 21, 2023 7:37am Jul 21, 2023 7:37am
Quoting pipfarm
{quote} Closed to the upside ready to go needs to break 8670 to create the trend up for the continuation
Not quite sure with this one , there was no break up for a trend but still confident it will go soon
Follow The Markets Structure - Patience and Discipline
  • #6,252
  • Jul 21, 2023 9:00am Jul 21, 2023 9:00am
Quoting pipfarm
{quote} Not quite sure with this one , there was no break up for a trend but still confident it will go soon

Getting impatient with this one but finally the three waves down i was looking for H1/15 signifies the minor abc soon the move up


Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 40 KB
Follow The Markets Structure - Patience and Discipline
  • #6,253
  • Jul 21, 2023 9:58am Jul 21, 2023 9:58am
Quoting jacobokey12
A few key points to note in forex: 1. PATIENCE is Key.. And 2. The TREND is your Friend.. Always work with this notes amongst others..
I stick to that/my key word, "The Trend is My Friend"...
Okechukwu Jacob.C.
  • #6,254
  • Jul 21, 2023 10:02am Jul 21, 2023 10:02am
Quoting pipfarm
{quote} Getting impatient with this one but finally the three waves down i was looking for H1/15 signifies the minor abc soon the move up {image}
In the long run so far we are still on a Sell Trend..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230721-160026.jpg Size: 147 KB
Okechukwu Jacob.C.
  • #6,255
  • Jul 21, 2023 10:07am Jul 21, 2023 10:07am
Quoting jacobokey12
{quote} In the long run so far we are still on a Sell Trend.. {image}
Although the Bulls are looking like they want to dominate and change the Trend..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230721-160548.jpg Size: 180 KB
Okechukwu Jacob.C.
  • #6,256
  • Jul 21, 2023 10:16am Jul 21, 2023 10:16am
Quoting jacobokey12
{quote} Although the Bulls are looking like they want to dominate and change the Trend.. {image}
Yet we still have to wait, perhaps till Monday because the market is almost close for the week.. We might continue to see low volatility till next week..
Hence, Patience
Okechukwu Jacob.C.
  • #6,257
  • Edited 10:29am Jul 21, 2023 10:17am | Edited 10:29am
Quoting jacobokey12
{quote} Although the Bulls are looking like they want to dominate and change the Trend.. {image}

H1 has changed to up trend which is going against H4 and D1 but within a trend lays the impulse and that is what i am looking for with this trend.

H15 is also in a down trend but not reversed the uptrend on H1.

So far this impulse within the H1 uptrend is proving to be illusive.

impulse waves are the link waves to confirm when swing trading or trading a correction

when i say impulse waves actually i mean what happens before the impulse wave , there is a type of pattern that is hard to see but it kind of goes up and down without actually making any real gains until it breaks one side or the other, if you look at some of my recent photos you will see what im talking about.

Recent example is the USDJPY trade i posted in that thread

Also as i said before it really depends on the type of trade your looking for ie, trend trading the swings or impulse trading within the trend.

.
Follow The Markets Structure - Patience and Discipline
  • #6,258
  • Jul 21, 2023 10:27am Jul 21, 2023 10:27am
True that some key positions have been broken for a Sell continuation, but that might be a short one too..
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Okechukwu Jacob.C.
  • #6,259
  • Jul 21, 2023 11:20am Jul 21, 2023 11:20am
H1 minor correction 15min structure

Up for the impulse within H1 major trend which is overall corrective against H4 and D1

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 33 KB
Follow The Markets Structure - Patience and Discipline
  • #6,260
  • Jul 21, 2023 3:23pm Jul 21, 2023 3:23pm
Yeah, I see a strong Bullish candle on the Daily time frame
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230721-211934.jpg Size: 211 KB
Okechukwu Jacob.C.
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