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Intraday Observations

  • #101
  • Dec 29, 2015 12:00pm Dec 29, 2015 12:00pm
Quoting JaguarJaguar
{quote} Hey Steve, Been following your comments the last two to three days, great trade today buddy, You are reading this baby pretty good at the minute, you are like an orchestra maestro!! So you see the move up again now from this level? Cheers
Hi Mark;

I'm looking at Daily Structure, which is Bullish, as my main Higher Time frame guide.

I do, see this going higher from this Level, we can see Buy orders being Accumulated at this level in the recent past.

The amount of time they spend at this level depends on the amount of Orders they have to fill.

It's vital, when Trading M5, that you know where you are in the bigger picture and have a good idea of where you expect the Market to react.

By doing this you can enter Trades, on M5, that look like suicide but are in line with the Longer term Market Structure.

In fact when everyone else is bailing that's usually a good time to be getting in, it will be Institutional Money Manipulating the Market to Accumulate more Orders.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 29th Dec 15 EUR:USD D1 Chart.png Size: 114 KB
Click to Enlarge Name: 29th Dec 15 EUR:USD H1 Chart 3.png Size: 127 KB
Click to Enlarge Name: 29th dec 15 EUR:USD M5 Chart.png Size: 90 KB
  • #102
  • Dec 30, 2015 8:16am Dec 30, 2015 8:16am
Quoting stevepatt
{quote} Hi Mark; I'm looking at Daily Structure, which is Bullish, as my main Higher Time frame guide. I do, see this going higher from this Level, we can see Buy orders being Accumulated at this level in the recent past. The amount of time they spend at this level depends on the amount of Orders they have to fill. It's vital, when Trading M5, that you know where you are in the bigger picture and have a good idea of where you expect the Market to react. By doing this you can enter Trades, on M5, that look like suicide but are in line with the Longer...

It's a Low Liquidity Day but the same principles are in play New York takes out the Stops, including mine at BE, and they are off.

I still see anything from todays low to 1.0920 as Value to Buy if it's good for the Institutions its good for me.

I'll have to wait and see if they give it another Sweep to get an entry Long.
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Dec 15 EUR:USD M5 Chart.png Size: 117 KB
  • #103
  • Dec 30, 2015 11:43am Dec 30, 2015 11:43am
Quoting stevepatt
{quote} It's a Low Liquidity Day but the same principles are in play New York takes out the Stops, including mine at BE, and they are off. I still see anything from todays low to 1.0920 as Value to Buy if it's good for the Institutions its good for me. I'll have to wait and see if they give it another Sweep to get an entry Long. {image}

Entered Long again at 1.0904.

Late in the Day and Year - I'll be holding the Trade over night again, if it survives.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30th dec 15 EUR:USD H1 Chart 2.png Size: 115 KB
Click to Enlarge Name: 30th Dec 15 EUR:USD M5 Chart 2.png Size: 96 KB
  • #104
  • Dec 30, 2015 12:45pm Dec 30, 2015 12:45pm
Quote
Entered Long again at 1.0904.

Late in the Day and Year - I'll be holding the Trade over night again, if it survives.

Hi Steve,

In for a penny in for a pound! I joined you on the voyage north, good luck to you sir!

R4 looks inviting, let's hope it holds above water.

Testing the low as we speak 1.0904....
  • #105
  • Dec 30, 2015 1:35pm Dec 30, 2015 1:35pm
Quoting JaguarJaguar
{quote} Hi Steve, In for a penny in for a pound! I joined you on the voyage north, good luck to you sir! R4 looks inviting, let's hope it holds above water. Testing the low as we speak 1.0904....
Hi Mark;

I know today has been low Volume but Price is being contained between 1.0900 and 1.0940 for a reason and think it's to Accumulate more Buy Orders.

If they where looking to go lower the Market would have been pushed higher on Monday so they could Accumulate Sell Orders at a higher Market Price.

That's what i think and I'm sticking to it.

Yes, 4R looks inviting I'll be watching closely, I'm expecting more though.

EDIT Just moved my Stop to BE 19.35 GMT
  • #106
  • Dec 31, 2015 1:18pm Dec 31, 2015 1:18pm
Quoting stevepatt
{quote} Entered Long again at 1.0904. Late in the Day and Year - I'll be holding the Trade over night again, if it survives. {image} {image}
I got the Market wrong but because of an early entry, with a small Stop Loss, still made 3R.

Higher TF Analysis, to have a broader Market Frame Work, is essential when Trading lower TFs.

I recognise it's something I need to work on and will be doing this going forward.

I hope you did all right with the Long Trade Mark?

A Happy and Prosperous New Year to Everyone
Attached Image (click to enlarge)
Click to Enlarge Name: 31st Dec 15 EUR:USD M5 Chart.png Size: 92 KB
  • #107
  • Jan 1, 2016 3:13am Jan 1, 2016 3:13am
Happy New Year

There's a lot going on in the following Chart, EUR/USD D1, but it highlights everything, I think, that I need to be looking for.

Stop Hunts - Order Blocks - Inefficient Thin Market (Leaves Gaps that will get Filled)

This "stuff" happens on all TFs
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Jan 16 EUR:USD D1 Chart.png Size: 253 KB
  • #108
  • Edited 11:49am Jan 1, 2016 3:16am | Edited 11:49am
EUR/USD Observations for Start of Trading on Monday 4th Jan.


EDIT 18.00 GMT I've updated the H1 and M5 Charts Below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1st Jan 16 EUR:USD D1 2.png Size: 87 KB
Click to Enlarge Name: 1st Jan 16 EUR:USD H1 Chart.png Size: 137 KB
Click to Enlarge Name: 1st Jan 16 EUR:USD M5 Chart.png Size: 108 KB
  • #109
  • Jan 1, 2016 6:14am Jan 1, 2016 6:14am
Trade what's REAL and not what you believe should be happening.

This is a very important lesson to learn in terms of Return.
Attached Image (click to enlarge)
Click to Enlarge Name: 1st Jan 16 EUR:USD M5 Chart 2.png Size: 145 KB
  • #110
  • Jan 2, 2016 7:18am Jan 2, 2016 7:18am
Quote
I got the Market wrong but because of an early entry, with a small Stop Loss, still made 3R.

Higher TF Analysis, to have a broader Market Frame Work, is essential when Trading lower TFs.

I recognise it's something I need to work on and will be doing this going forward.

I hope you did all right with the Long Trade Mark?

Hi Steve,

Happy New Year to You!!

Yeah I did get close to 4R on the last trade of the year for me, was pleasing to end on a high note!

Sorry for the late reply, had a couple of days off, looking forward to getting back after it next week!

Have a good weekend, all the best.

Mark
  • #111
  • Jan 3, 2016 1:31pm Jan 3, 2016 1:31pm
Here's what I'm looking for in the coming Week (Jan. 4th / Jan. 8th)
Attached Image (click to enlarge)
Click to Enlarge Name: 3rd Jan 16 EUR:USD M15 Chart.png Size: 120 KB
  • #112
  • Jan 3, 2016 1:40pm Jan 3, 2016 1:40pm
Quoting JaguarJaguar
{quote} Hi Steve, Happy New Year to You!! Yeah I did get close to 4R on the last trade of the year for me, was pleasing to end on a high note! Sorry for the late reply, had a couple of days off, looking forward to getting back after it next week! Have a good weekend, all the best. Mark
Hi Mark;

Happy New year to you too.

Glad you did well with the Trade.

At start of each Week, going forward this Year, I'll be posting a Chart with what I'm expecting to see in the following Week on the EUR/USD.

It will, I hope, help me in determining a Longer Term (Weekly) Perspective, I'll see how it goes.
  • #113
  • Jan 3, 2016 2:34pm Jan 3, 2016 2:34pm
Quoting stevepatt
{quote} At start of each Week, going forward this Year, I'll be posting a Chart with what I'm expecting to see in the following Week on the EUR/USD. It will, I hope, help me in determining a Longer Term (Weekly) Perspective, I'll see how it goes.
Hey Steve

hopefully not too slow this week and we get some action!
  • #114
  • Jan 4, 2016 11:11am Jan 4, 2016 11:11am
Quoting stevepatt
Here's what I'm looking for in the coming Week (Jan. 4th / Jan. 8th) {image}
I wasn't expecting such a volatile day as it was the first day of the Trading Year.

I could see the Market was moving up far too fast to be sustainable.

I rushed into a Short Trade, because i was getting ready for work, and got taken out by 2.5 pips.

There where other opportunities to enter Short but I wasn't around to take them.

This is not an ideal way to Trade.

When you have a Daily Bias don't expect it to just move in the direction of that Bias.

Most days will see the Smart Money, like today, try to draw the Retail Traders into the Wrong Side of Market and then reverse the Market on them.

This is something everyone needs to be aware of.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4th Jan 15 EUR:USD H1 Chart.png Size: 147 KB
Click to Enlarge Name: 4th Jan 16 EUR:USD M5 Chart.png Size: 104 KB
  • #115
  • Jan 4, 2016 2:53pm Jan 4, 2016 2:53pm
Observations for 5th Jan. EUR/USD

After todays 165 Pip Daily range chances are for, at least, the next couple of days we will see Low Range days.

I've marked on the chart Levels I will be watching
Attached Image (click to enlarge)
Click to Enlarge Name: 4th jan 16 EUR:USD H1 Chart.png Size: 131 KB
  • #116
  • Jan 5, 2016 1:38am Jan 5, 2016 1:38am
Quoting stevepatt
Observations for 5th Jan. EUR/USD After todays 165 Pip Daily range chances are for, at least, the next couple of days we will see Low Range days. I've marked on the chart Levels I will be watching {image}
Note to Self!

What is the Daily Bias?

Don't get sucked into Sucker moves!

Look for the Stops!

Sooner or later they will be targeted!

Look for Inefficient Thin moves these Gaps will be Filled!!
Attached Image (click to enlarge)
Click to Enlarge Name: 5th Jan 16 EUR:USD H1:M5 Chart.png Size: 119 KB
  • #117
  • Jan 5, 2016 2:23am Jan 5, 2016 2:23am
EUR/USD H1/M5 Long
Attached Image (click to enlarge)
Click to Enlarge Name: 5th Jan 16 EUR:USD H1:M5 Trade.png Size: 103 KB
  • #118
  • Jan 5, 2016 2:46am Jan 5, 2016 2:46am
Quoting stevepatt
EUR/USD H1/M5 Long {image}

Taken out for (-1R)
  • #119
  • Jan 5, 2016 1:29pm Jan 5, 2016 1:29pm
Today we didn't see a Stop Raid (I was the Dumb Money today) the Market is unwinding after December's Accumulation of Short Orders.

This is where everyone (except me I was working) gets paid.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5th jan 16 EUR:USD D1 Chart.png Size: 107 KB
Click to Enlarge Name: 5th jan 16 EUR:USD M5 Chart.png Size: 95 KB
  • #120
  • Jan 5, 2016 4:25pm Jan 5, 2016 4:25pm
Observations for Wednesday 6th jan
Attached Image (click to enlarge)
Click to Enlarge Name: 5th Jan 16 EUR:USD H4 Chart.png Size: 103 KB
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