I learnt something new yesterday and then it immediately applied itself to my chart. Lost $50 on my papertrade EURUSD but learnt ALL about what FVG/Imbalance really is, how to spot it and what happens. I think it was a wonderful lesson. 2 things went awry for my trade yesterday. One, I didn't know about FVG until 5 minutes after I placed the trade, then I came back and it was literally right there TWO, the BIAS flipped an hour after my Entry, so I watched it punch through my newly identified FVG, then into and THROUGH my smaller Supply zone marked on the 1D chart ( trading in 4H or 1H chart). After I learnt about and identified the FVG and saw the Bias shift, I moved my SL out of the way by a fair amount, but did not expect it to punch through those zones like that. Then over the next 12 hrs it has dropped back down to where my 1st TP1 was. It was very fun to see the whole thing play out live and learn practically a lesson I just understood for the first time. HAHAHA. One question, in a scenario like this, would you have deleted the SL if you were fairly confident the BIAS would shift back the other way? or is that just asking for more trouble? Thank you!
- #229,344
- Jul 13, 11:34pm (11 hr ago) Jul 13, 11:34pm (11 hr ago)
- Joined Feb 2011 | Status: Forex Master | 3,731 Posts
Quick D1 Outlook The weekly support level at 1.13915 I trusted so far is now being retested brutally.. And please note: It is still a retest... nothing for sure yet! D1 chart tells me that it might be over for bulls because they really acted so weak and couldn't penetrate the 1.1464 resistance block... Bears are now forcing a new breakout... IF: Today's D1 candle closes below 1.1408, tomorrow, 1.14135 will become my nearest resistance. Let's see how today ends.. Weekly support is still magnetic and a falling knife has not been triggered yet......
We are live at Youtube - links is in my Profile
- #229,345
- Jul 13, 11:56pm (11 hr ago) Jul 13, 11:56pm (11 hr ago)
- Joined May 2014 | Status: Full Time Trader | 27,391 Posts | Online Now
{quote} your view is same as my view from last night. after gold broke down the short term bullish trend. now I have no intension on BUYING this. Last night was Brutal, and a setup for us Traders. I am really Disappointed on what New York did. Well it is what it is. we have to move on, and again play the same game all over again. {image} {image}
Good luck
Focus only on what truly matters!
- #229,346
- Jul 14, 12:00am (11 hr ago) Jul 14, 12:00am (11 hr ago)
- Joined Feb 2011 | Status: Forex Master | 3,731 Posts
{quote} Just know that there is no clear decision yet. Bulls can still make use of weekly support 1.13915... Therefore I don't rush in conclusions.. Today we still must watch this support. Let's see.. Good luck
We are live at Youtube - links is in my Profile
- #229,347
- Jul 14, 12:18am (11 hr ago) Jul 14, 12:18am (11 hr ago)
Good morning, fellow traders! 
Here are my thoughts on EUR/USD for today.
As always, this is my personal market outlook—not financial advice.
What do you think about EUR/USD today?
Are you expecting a bullish move or a bearish continuation 
? Share your thoughts below! 
Here are my thoughts on EUR/USD for today.
As always, this is my personal market outlook—not financial advice.
What do you think about EUR/USD today?
Are you expecting a bullish move
or a bearish continuation ? Share your thoughts below! 
- #229,348
- Jul 14, 1:25am (9 hr ago) Jul 14, 1:25am (9 hr ago)
- Joined May 2014 | Status: Full Time Trader | 27,391 Posts | Online Now
Quick H4 Outlook
- Right now conditions favor bears BUT somehow the weekly support level is magnetic and stopping bears from free falling.
- I am still not a confident seller. I am still watching if bulls can take back control.
- On M15: 1.1385 is acting supportive... Normally I would trade mixed but today I stay fully out... I need clear signs! No rush!
- Overall I am marking 1.1401/14 area as main resistance...
Happy trading day folks
Focus only on what truly matters!
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- #229,354
- Edited 3:51am Jul 14, 2:54am (8 hr ago) | Edited 3:51am
Despite the renewed bullish noise... I held short and thanks to the gap, which was more or less predictable ... I hit the TP from last week 51 pips 1.13893 in the morning ... I didn't go long on the gap because I couldn't be at the computer ... so I set 1.14386 ... sell milmit and TP same as before and voila 100 pips ... that's what I call a nice Monday without work
... now I'm trying long but only from 1.13820 ... but I have SL -10 pips (TP on the upper edge of 1.14333) ... since we are again on the lower edge of my H4 triangle where...
... don't forget the bulls 
* TS +14 pips
Nothing is impossible.
- #229,358
- Jul 14, 3:33am (7 hr ago) Jul 14, 3:33am (7 hr ago)
Waiting for price to hit that yellow rectangle FVG, if the first one doesn’t reverse it (which is probably unlikely), the next one might which is also closer to 1.14227 green line which is another resistance that can resist the bull .
But who knows
, the market does what it wants.
.But who knows
, the market does what it wants.
You can be wrong half of the time and still make a fortune