Love the symmetry. Anyone see an inverted H&S pattern in the above - just a point - might indicate EU has further to go?
Anyone watching EU 3081 for an OTE, to go higher?
3070, although only for a 30 pip scalp.
Suspect down rest of week, although not enough evidence as yet. Waiting for an Int Swing High on H1. Interest will be âarousedâ on M15
Agreed⌠I would only be loking for 15-20 pips
Piphanger i have been thinking about this for a while. I hope you will read this and just take it as someone watching you from the outside. I have been on here for about a year. I have read pretty much all the postâs in here.
As a trader you must develope the ability to adjust your view of the market as itâs changing. For some reason you KEEP LOOKING FOR A HOLY GRAIL, of trading. That does not exist. HOLY GRAIL means you are looking for a way to trade the same way each time to get the same results. THAT DOES NOT EXIST IN THIS GAME. The tools that are shown here are for you to better view the market. YOU CAN NOT USE EVERY TOOL EACH TIME TO GET THE SAME RESULT.
So now you are going to say âBut how can i be profitable if i cant be consistent.â I know how you can be profitable. STOP TRYING TO TRADE WITH THE HOLY GRAIL THINKING. THERE IS NO GRAIL. YOU KEEP LOOKING FOR THAT AND THATS WHY YOU ARE FRUSTRATED. A while back you posted about a amazing week you had. That frame of mind is what you need to target. GO BACK TO THAT WEEK AND TRADE THAT WAY. I GUARANTEE YOU DID NOT TRADE GRAIL STYLE THERE. You where in touch with the market , and it showed with the results. NO GRAIL. TRADE WHAT THE MARKET IS TELLING YOU.
PRICE ACTION IS WHAT YOU TRADE. JUST BECAUSE A 4HR IS SHOWING A OTE YOU DONT ENTER JUST BECAUSE OF THAT.
If you do enter you are trading with the idea of a HOLY GRAIL. That does not exist.Just a example. Now because you work full time you will have a problem trading price action. In your mind you feel that you need to trade with a HOLY GRAIL system. This is what i see from you .
Change the way you think, YOUR MIND IS PROGRAMMED TO TRADE GRAIL STYLE.
I hope this helps you, i would like to see you trade profitably and stick around.
CHEERS BROTHER!
We have the first signs of any bearishness on the 5m, a head and shoulders, with a lower highly and a lower low, still risky to go short? Wouldnât like to go long.
since people were asking to be honest and also post ânot so perfectâ trades: i already entered a small portion short on fiber at 1.31. this is a bad trade because i did not wait for a break in market structure before (a lack of patience is still one of my biggest flaws). however, looking at it now, i find especially cable is looking quite tasty for a short around 1.6120 now.
I have a limit set at 3100 SL at 3115 weâll see if it gets triggered
Was long from Fri pm, exited and back in this am long - but signs of back to 3020 - may go long again there - still looking for 3180.
Part 7 ICT - great material, I know how much effort it takes to do videos like that, and get all the settings right, and rendering and all that, and quite time consuming, but you do have the Star Trek technology though 
One question though?
Whatâs the Jade for?
Is it to put in my Esoteric Forex Crystal Ball?
Pending Long cancelled, as M15 swing high formed on M15. Too risky
Dending upon PA leading into AS it may be worth a Short at LO.
I thought i share my fibre short i did today.
Entry @1.3091 pretty tight stop as counter trend @1.3091 19 pips.
Reason for entry. USDX Rejection of 79.70 level.
1.3100 big fig rejection.
Waited for MS to Break on 15 min once broke pulled fib from latest swing and entered @ ote.
Confluences STOCH RSI oversold on pretty much all time frames.
15:00 gmt counter trend trade.
Pivot S1.
Big fig.
Donât know how this will turn out, but happy with my patience so far. and my risk model which i reduced to min.
AM i reasoning correctly is this what i should be looking for? IS entry ok. Its ok if you say no thatâs the only
way to learn.
The Jade relates to a Chinese proverb concerning Teaching and Learning
Second the appreciation on the effort Michael has put into the Video(s).
BTW Michael - have a great Xmas with your family and friends.
Hey PurplePatchForex, Iâm sure this question comes up all of the time, but I looked back through all the post history till before you were posting those charts, and I saw no mention of it.
Which broker is giving you those charts? I thought it was Forex LTD, but their demo feed seems to go down daily after normal US business hours.
suspect OANDA
initial retracement wasnât high enough for the big part of my position to enter. still waiting for a nice ote.
brain: "patience, stefan, patienceâŚ"
me: âpatience is a b**ch!â
The one on the left is IBFX, the USDX and EURDX are Forex Ltd!!
Forex Ltd shows the EURUSD 2 PIPS lower than all my others, does my head in!!
Never use it after US close, so sorry donât know.
I was watching something similar (PPFX mentioned it too, the head/shoulders on the 5 minute, and indeed that lower low that formed.
However, I was waiting for a retest of the 1.31 level before thinking about getting in for a short based on OTE:
Still, it looks like it may turn into a nice scalp 
Iâll be waiting for a break below that 1.3046 level (check 4H TF) before my bias would change to bearish.
I will be honest with you i would not have taken if this was not an OTE on HTF on USDXâŚ
I am not going to pretend that i know what price will do, but if we break that 1.3080 level and form a swing high below it then this might turn ok.
Reflecting on this maybe i need to wait for significant MS break prior to taking counter-trend trades as you said it your self 1.3046 if broken to down side then market flow will be turned bearish on 4hr short term. You know to lower risk.
Iâve noticed that as well. The Forex.Ltd feed is often out by several pips. Whatâs worse is that the extremes often vary by more than 2 pips.