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New Cable Thread & Other Pairs

  • #421
  • Sep 21, 2023 5:05pm Sep 21, 2023 5:05pm
Quoting T721
UJ starting to look good for a drop. Upcoming News could do it {image}
Attached Image (click to enlarge)
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In profit only 52pips so far. going to sleep and put it to b/e see what happens
  • #422
  • Sep 22, 2023 2:33am Sep 22, 2023 2:33am
The pound-dollar plummets, and the pound-yen is also in a sandwich.
This is not delicious!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY(M30)_2023.09.22_162422.JPG Size: 48 KB
  • #423
  • Sep 22, 2023 3:27am Sep 22, 2023 3:27am
Quoting T721
{quote} {image} In profit only 52pips so far. going to sleep and put it to b/e see what happens

Looking at the fractal pattern it looks like a long , the abc confirms the beginning of a new inverse 12345 but not exact in scale (size) for each wave

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #424
  • Sep 22, 2023 3:40am Sep 22, 2023 3:40am
Quoting T721
{quote} {image} In profit only 52pips so far. going to sleep and put it to b/e see what happens
Mr Terry, Am expecting Price will go to at least 148.98
Attached Image (click to enlarge)
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I have stayed away from UJ for a while.

What do you think of this Weekly level, Sir?

PA already rejected at the Weekly Supply on Oct 22 once, now going to touch it twice from a HL (Weekly Chart)
More time in the market, does not mean you trade better!
  • #425
  • Sep 22, 2023 5:59am Sep 22, 2023 5:59am
The climax of the pound yen permutation!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY(M15)_2023.09.22_192511.jpg Size: 40 KB
  • #426
  • Sep 22, 2023 8:45am Sep 22, 2023 8:45am
Aussie could be coming down like a brick ( entry not confirmed yet)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 38 KB

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #427
  • Sep 22, 2023 8:52am Sep 22, 2023 8:52am
USDCAD again entry long not confirmed yet but we could be seeing a fractal copy of the last swing up.


Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 34 KB
Follow The Markets Structure - Patience and Discipline
  • #428
  • Sep 22, 2023 8:55am Sep 22, 2023 8:55am
USDSWISS

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH1.png Size: 39 KB
Follow The Markets Structure - Patience and Discipline
  • #429
  • Sep 22, 2023 8:56am Sep 22, 2023 8:56am
Quoting pipfarm
Aussie could be coming down like a brick ( entry not confirmed yet) {image} {image}
If I may ask, what specifically do you look for to confirm entry?

Best Regards
Tall tails tell tales.
  • #430
  • Sep 22, 2023 9:32am Sep 22, 2023 9:32am
Quoting pipsofacto
{quote} If I may ask, what specifically do you look for to confirm entry? Best Regards
Various methods

Trendline breaks
Momentum divergence on the peaks of the assumed correction
New trend down after the correction
Ma turning points
Follow The Markets Structure - Patience and Discipline
  • #431
  • Edited 1:01pm Sep 22, 2023 9:39am | Edited 1:01pm
Quoting pipsofacto
{quote} If I may ask, what specifically do you look for to confirm entry? Best Regards

You could also use this indicator which i found quite good at turning points but do not try and use solely on the basis of a turning point you will lose money, you have to use in conjunction with multiple timeframes and a good understanding of price swings.

(attached wrong indicator) see next post for the correct one
Here is a couple of examples

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1.png Size: 42 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 47 KB
Follow The Markets Structure - Patience and Discipline
  • #432
  • Sep 22, 2023 9:46am Sep 22, 2023 9:46am
Quoting pipfarm
{quote} You could also use this indicator which i found quite good at turning points {file} Here is a couple of examples {image} {image}
Thank you for your replies. I am learning that it is more art than science, lol.

Best Regards.
Tall tails tell tales.
  • #433
  • Sep 22, 2023 9:50am Sep 22, 2023 9:50am
Quoting pipsofacto
{quote} Thank you for your replies. I am learning that it is more art than science, lol. Best Regards.
Your welcome

there is also some science to it , markets cycle through various degrees of wave on each timeframe, using multiple timeframes you could figure out if the wave your trading is going in the same direction.

That is why eg, AUDUSD H1 current upswing looking like a correction in the H4 downswing so i will wait for an entry short on H4 and more or less the same with the other trades i posted.
Follow The Markets Structure - Patience and Discipline
  • #434
  • Sep 22, 2023 9:56am Sep 22, 2023 9:56am
If you can get your head round multiple timeframes that indicator i posted can be your best friend.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFH4.png Size: 42 KB
Follow The Markets Structure - Patience and Discipline
  • #435
  • Sep 22, 2023 10:44am Sep 22, 2023 10:44am
Attached Image (click to enlarge)
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Don’t focus on making $$$, focus on protecting what you have.
  • #436
  • Edited 11:35am Sep 22, 2023 11:14am | Edited 11:35am
Attached Image (click to enlarge)
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_____________ my TP1 @ 1.22907 , SL = man.
Don’t focus on making $$$, focus on protecting what you have.
  • #437
  • Sep 22, 2023 12:07pm Sep 22, 2023 12:07pm
GBPCHF could be a long , no confirmation yet for entry
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH4.png Size: 42 KB
Follow The Markets Structure - Patience and Discipline
  • #438
  • Sep 22, 2023 12:11pm Sep 22, 2023 12:11pm
FTSE100 could be a short in the making


Attached Image (click to enlarge)
Click to Enlarge Name: UK100H4.png Size: 35 KB
Follow The Markets Structure - Patience and Discipline
  • #439
  • Sep 22, 2023 1:03pm Sep 22, 2023 1:03pm
Quoting pipfarm
{quote} You could also use this indicator which i found quite good at turning points but do not try and use solely on the basis of a turning point you will lose money, you have to use in conjunction with multiple timeframes and a good understanding of price swings. (attached wrong indicator) see next post for the correct one Here is a couple of examples {image} {image}
Attached the wrong indicator

should of been the elhers fisher transform
Attached File(s)
File Type: mq4 Ehlers fisher transform- accurate.mq4   4 KB | 320 downloads
Follow The Markets Structure - Patience and Discipline
  • #440
  • Sep 25, 2023 1:00am Sep 25, 2023 1:00am
Quoting pipfarm
Aussie could be coming down like a brick ( entry not confirmed yet) {image} {image}
This one is looking good so far
Follow The Markets Structure - Patience and Discipline
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