Well how’s about that then, tweezers on EURUSD, EURX and USDX.
The [B]Triple Tweezer Trade[/B], got to be good, any fool could do that
Right, I’ve got EA, EA, EA going through my head.
Well how’s about that then, tweezers on EURUSD, EURX and USDX.
The [B]Triple Tweezer Trade[/B], got to be good, any fool could do that
Right, I’ve got EA, EA, EA going through my head.
Substantial bounce off 12820, although suspect that will end the week lower, as posted late last week
WOOOOO another dollar kamikaze day! market reversal profile real time ? 15.41 gmt? or just a retrace for ote to get fibre short?
I’m not convinced it’s done it’s 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, I’m sure it’s 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, mine’s 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 I’ve seen it happen so often now!
Well I was so confident on that trade I did a triple tap, so I’ve 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 JC…? 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 it’s head on resistance within a broadening triangle reversal type pattern. More opportunities will no doubt come about.
With the MM Buyer/Seller profile…does it help to identify possible nested OTE’s within the profile and then ‘stack them up’ or at first identify a single leg up then down on a Higher TF, then zooming in to see the MM in all it’s glory… I’m still trying to get my head around them but then it took me a while to see that ‘Focus’ word in that magic-eye picture that ICT posted up a while back…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 “down” but right now Market Flow is “up”? is this right or wrong and if wrong could give visual as to what is correct please…Any help will be greatly appreciated.
If only I knew
Some more pictures.
My “macro” 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.
I’ve 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 I’ll be looking for tomorrow.
Having said that, maybe we’ll 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 we’re still “flowing” lower because a previous significant high hasnt been taken out yet.
I try not to get too “bogged down” 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 “what way is the market flowing?”. 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 I’ve done all this I’ve 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 )
Interesting… 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 points…? I’m not sure though, obviously they’d 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