Iām not convinced itās done itās thing at the 1.3020, I keep thinking, if it was to end lower it would have made just another 10 PIPS or so, just underneath, Iām sure itās going to get another visit and either get to 1.3016 , but it could be next week or something, or break and pop above.
new low formed before the jump, should maintain the LO highs?
Looks like 2nd stage of the BUY MMP, particularly on the 15M chart
Yep, mineās a Triple Tweezer with a little cream on top please
So whats the plan? Consolidation here, judas down in the morning, maintaining the low and then we fly up to that 1.3020?
I love how it broke MS on 15M, retested the high it broke and then flew up some more
ICTs tool/insight strike again!
Id say it was unbelievable, but Iāve seen it happen so often now!
Well I was so confident on that trade I did a triple tap, so Iāve taken two halves and still have half left on if that makes sense, so it can do what the heck it will now
there was also SMT div on 15 min on usdx, eu and gu (13.15 and 15.00 GMT), just before that up move - marginal - but it was there - also I know you guys dont use MAs, but the H1 200 ema and M1 were sitting at 1.2881, so 15 min pins on eu to institutional level at 80 were a good clue that price was going to bounce
Will it have the legs JCā¦? Surprises seem to come about quite a bit though. Was gutted to see the LO drop from the high on Tuesday on that OTE as I dismissed it thinking price might hit that 1.302 and knock itās head on resistance within a broadening triangle reversal type pattern. More opportunities will no doubt come about.
With the MM Buyer/Seller profileā¦does it help to identify possible nested OTEās within the profile and then āstack them upā or at first identify a single leg up then down on a Higher TF, then zooming in to see the MM in all itās gloryā¦ Iām still trying to get my head around them but then it took me a while to see that āFocusā word in that magic-eye picture that ICT posted up a while backā¦tsk tsk.
Can someone please enlighten me if I am on track or not with MS and MF. On the Daily Chart is Market Structure ādownā but right now Market Flow is āupā? is this right or wrong and if wrong could give visual as to what is correct pleaseā¦Any help will be greatly appreciated.
If only I knew
Some more pictures.
My āmacroā view is something along the lines of the first image. The main reason for a long is that we have some hammers forming on the daily on both the EUR/USD + USDX.
Iāve been looking at the intra day stuff too (15M TF), to try and spot the MMPs in action there.
The first image I think is what Iāll be looking for tomorrow.
Having said that, maybe weāll do a judas up out of the range, drop back down again and then rally up again on the Friday?
This would also support the macro view of overall going up, provided the lows from today are kept intact. Gotta stay nimble!
At least you can see it, I can never see anything in those magic-eyes!
This is my take on it:
Both are making lower highs and lower lows (except for mid-October on the Fiber). So I would say Market Flow is down and Market structure has just turned down.
Look at the 13th November on the Fiber. Market Structure turned bullish (fractal low formed and was maintained), but weāre still āflowingā lower because a previous significant high hasnt been taken out yet.
I try not to get too ābogged downā in this stuff. Im more interested in the key highs/lows and how they relate to the Fib levels and support and resistance levels. I dont really find myself thinking āwhat way is the market flowing?ā. Market Structure as ICT teaches is more important I think and key to understanding the Market Maker Profiles that occur all the time.
I would agree, though others probably will not, I just zoom out and look at the lower highs and lower lows (fibre daily), then I see a high may 5th and a low july 24, I draw a fib on that since clearly we have retraced from there.
I notice first bounce at 38 fib (not unusual), bounced off it a second time and down to 23 fib
Still on daily I then put a fib on this retracement up, i.e. from July 24 to the tweezers at Sep 17 - back down we go to the 38 fib and then a little more to catch the unpaired orders at the bottom of the Sep 7th candle.
Then I put a fib on this latest swing - (Nov 13 low to Nov 27 high) - and back we came to the 38 fib today (easier to see in hourly.) That fib coupled with my big thick yellow line on the 80 institutional and previous support and resistance at 2872 made the bounce almost inevitable.
By the time Iāve done all this Iāve forgotten about the Market Structure and convinced myself that we have a little ways to go up yet before we reach the ote sell on the daily - (though we are there on the hourly )
Interestingā¦ looking at the Hourly MMS from your charts JC and incorporating that mid peak you have between the red and green boxes you could then target the two blues at key OTE/reflection pointsā¦? Iām not sure though, obviously theyād have to tie in with other confluences and levels reviewed.
You can also see the support-turned-resistance retest. But then perhaps mine looks a little forced.
I think it depends in what you believe in if you think its going UP you will find things to support your opinion, if you think its going DOWN you will do the same.
Sure, it never ceases to amaze me how two individuals will both make good profit to 2 totally separate trades on the same day going in opposite directions
Hi, if I remember corectly Michael has said that Market Structure trumps MF (But Key S/R levels trumps everything )
Anyway, I can see your brake in market flow, but I think the market structure is more important
And I still dosnt get MMP Buy/Sell stuff
I tend to look at the MS as follows:
ITL/H (Yellow Triangles) and LTL/H (Red Triangles)
The Grey I look at as MF.
I look for a break in MS and then measure a fib from the most relevant swing range.
Hope the pictures help, although these are just the way I look at it. I only concentrate on the MS not the flow when trying to anticipate my levels.
For EG: Tomorrow, I will be looking at the following (which may never happen) but gives an idea how I look for trades. Tomorrow I should be in front of the charts for once so may trade some of these if they play out to plan. If they donāt, itās no major issue, Iāll wait for another level.
This is just OTE and MS, I havenāt even looked at trinity levels etc. All based on Sweet Spot for analysis sake.
28/11/2012 18:35 Price = 1.6010
D1
Sweet Spot @ 1.6072 - Sell as MS Bearish
H4
Sweet Spot @ 1.5931 - Buy as MS Bullish - Moves price towards the Daily Sweet Spot
H1
Sweet Spot @ 1.6027 - Sell as MS Bearish - Moves price towards the H4 Sweet Spot
EDIT:
These are GBP / USD Charts, D1, H4 & H1
Look forward to peopleās feedback.
I like this type of approach, MS, S&R and Fibs, I try to do the same with my own analysis. All based on a higher timeframe. A real test on the patience! (I always feel like Im loosing out when I miss the big 100 pip intraday rallies :p)
I think swing trading is where the real money is (less trades, less stress, big moves, whats not to like? :))