Will this week complete by travelling to the top of last week's range.....as I'm long off the 4300 HL just after LO, I hope so
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DislikedWill this week complete by travelling to the top of last week's range.....as I'm long off the 4300 HL just after LO, I hope soIgnored
DislikedId like to think so too. I closed 2 of yest longs @yest nydibh. And held one. This morning price really dropped. I took a couple of longs @ny IBH. I think my timings off on that one alittle (or alot). The day is starting to look like a double dist. trend day. But I still have some what of a bull bias. Ill hold for awhile before I scratch the trades.Ignored
DislikedMy timing for entry today (ny session) was really bad. I should have had more patience. The last 3 days va's are equal, forming a longerterm balance area. a test of the 5/17 poc & val would have been a better place to enter also being below current days va (on sale). Im hoping to gracefully BE and close all longs before the close, I added to cover my bad entry.Ignored
DislikedYesterdays London session Balance structure of a Normal Variation Day seems provide the precursor for the moves in NY.
With opening on NY drive down from open only to be reverse back up to be close above London session low-indicating strengths coming in. This session end up mostly long.
So today asia session opening was to watch for reaction on Previous NY POC. Then, price opening drive hardly venture down to POC & stay above it with narrow IB.
Price broke out of IB & rally above all the previous sessions high.
My long entry is on pullback...Ignored
DislikedEarlier trades was scratch as EU decided to test 4220 area.
Super wide IB suggest shorterm traders in control with limited rx, may to asia session VAH at most. Ideal trade location would then be below IBL.
My re-entry was made after LO..
Took out 1st position on target of previous session POC, remaining on hold..
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Dislikedjust a thought -
i have been thinking about IB definition regarding weekly tf: classically, IB is defined as price range resulting form market activity during the first two time periods. now the trick is, what does a time period mean for weekly? given the continuous market activity in forex, i think a better approach would be to consider the first two major sessions of the week - tokyo and london - instead of the first two days of the week.
what do you guys think?Ignored
Dislikedis that windotrader blue mr. evak...?
have a good weekend everyone...Ignored
DislikedHello Evak, i was seeing your charts... in your right chart, you have the ivolume indicator and in your candles i see other indi... where can i find this two indicators? (ivolume and candles)
Regards.-Ignored
Disliked,
What does IB has to do with supply and demand?...in other words why is IB so important?Ignored
DislikedFirst of all it has nothing to do with supply and demand...
IMO IB is the core of getting the best out of market profile.
IB range sets the tone for any potential day type for which one can determining whether a high or low is being set
within the IB range or outside &/or to what degree of range extension we should expect.Ignored
Dislikedivolume is just a rename of crdw volume; http://www.forexfactory.com/attachme...0&d=1238487408
Candles are just HLC bars; http://www.forexfactory.com/attachme...3&d=1245356232
SR levels are http://codebase.mql4.com/3150 (essential they are fractals);Ignored
DislikedDaily profile opening test drive seems to sets the tone with IBH looking set to hold, Normal variation day type likely here with rx down to 1x or 1.5x..just my take on this...any comments welcome..
Of coz price can also extend all the way back up to previous day VAL or IBHx1, if so we could see a Neutral day type.
PS: btw tgwhbb do u have a IB indi that one can set the IB period ? coz my chart is on IB of H1x4..tks.
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DislikedHi Evak,
I need to see a clean break of last week IBL at 4049 to anticipate lower price. London open will be interesting to observe. Play by what ever it unfold.Ignored