I would expect a reversal at some point, but not maybe until LO close, it could be coming to the end of it’s latest cycle. As always we’ll have to see how it goes.
That’s what I was thinking… But is it SMT divergence when the cable is moving rappidly down as now, but the fiber is not really doing that much…? And does it mean anything?
Fiber 5m just poked below… Looks like cable is reaching for the 6084 area, ms is bearish on 1hr, 15 n 5 now maybe an OTE off of the alow?
That could very well be true. ICT also talks about how the high or low of the week is often formed on tuesdays, so it could very well hold true this week.
Well, I’m long on the fiber at 1.3004. I went long because for the last couple of days, price has dipped right before LO, only to be taken higher all the way through the London session. Also, Tuesday is often the day when we see the high of the week, so I’m hoping that holds true for this week as well!
I should really have went long right when priced dipped below Asia, but to be honest, I didn’t dare… But after I saw price starting to trade up from there, like it has the previous days, it gave me some sort of confirmation.
So now we will see! Hopefully it goes my way!
damn those last 2 posts got me confused for a second…
you all do realize that it is already wednesday for 2/3 of the world right?
Good morning all, if you look at the fibre on the 1 hour we are in a market buy profile. Acumulating for a push up. .3060 is of interest and .3080 . I wish i could post a pic to show the boxes on the chart.
Yes I don’t get that, long at 3004 expecting the high of the week at 3014 ???
I sure hope you’re right!
Looks like cable is being push down so that smart money can buy low before it pops up .
Why would the high of the week be 3014…? I might have missed something here? :-/
Made 10 on TP1 BE on 2nd
Nearly as confusing as placing the month before the day of the month.
Watching the (old) video on Double Tap, Michael stated that it means - “one in the chest then one in the head”
Not sure what Fiber is up to right now. Waited all week for the weekly High to form. If the low is made first today, looking for fiber to possibly bounce off of 2970 for one more push up. Still some objective left to HTF OTE.
Would like to see Asian highs raided and a judas swing to print the weekly high looking to get short. If not, protecting capital…,
FOMC on the Radar today, no high in LOKZ will definitely keep me out.
For the questions that will come;
The 3 charts on the right are something I have been playing around with for a month now, trying to make it clean.
1st chart is monthly trinity, monthly pivots and 3 months High/Lows.
2nd chart is weekly trinity, weekly pivots and 4 weeks High/Lows.
3rd chard is daily trinity, daily pivots and 3 days High/lows with all the psycological levels.
I modified a spudfibo indicator for the trinity levels.
I cant stand clutter/chaos on the charts, huge distraction for me, but I wanted to see all the levels in one shot to spot clusters of confluence.
Still working out some bugs, but seems to be doing the job that I was after.
Only me expecting the weekly high on fibre today then. Might already be in place now or a tiny pop higher to get the longs sucked in above 1.3015
I’m astounded by some of the traders on this thread… For so many their strategy is:
Get in long or short, wait for price to move 1 pip in your favour, then take first profits and move SL to BE. Is it from fear of ever being wrong? Or do you genuinely risk only 1 pip? :56:
NOTE: I have exaggerated for illustrative purposes.
I think you’ve typed something different to what you thought, I know it’s something I do.
I know, it gets frustrating at times, but some will get there, a lot won’t. Remember when you used to do that?
All we can do is try and help.
And when he was alone, they that were about him with the twelve asked of him the parable. And he said unto them, Unto you it is given to know the mystery of the kingdom of God: but unto them that are without, all these things are done in parables: That seeing they may see, and not perceive; and hearing they may hear, and not understand; lest at any time they should be converted, and their sins should be forgiven them. And he said unto them, Know ye not this parable? and how then will ye know all parables?
The sower soweth the word. And these are they by the way side, where the word is sown; but when they have heard, Satan cometh immediately, and taketh away the word that was sown in their hearts. And these are they likewise which are sown on stony ground; who, when they have heard the word, immediately receive it with gladness; And have no root in themselves, and so endure but for a time: afterward, when affliction or persecution ariseth for the word’s sake, immediately they are offended. And these are they which are sown among thorns; such as hear the word, and the cares of this world, and the deceitfulness of riches, and the lusts of other things entering in, choke the word, and it becometh unfruitful. And these are they which are sown on good ground; such as hear the word, and receive it, and bring forth fruit, some thirtyfold, some sixty, and some an hundred.