anyone with a trade yet today?Cable broke Ms on 1hr…and 4hr…
Nope, Afraid not. My bias is down, but I could be wrong on that.
There was an ote on the fiber but it wasn’t too convincing, especially while there was bullish divergence (Cable making lower lows while the Fiber wasn’t)
Yep I was looking at it too…cable looks good for short…maybe NYO will provide us with better OTE…osme news later…maybe they will be the catalyst for the move…
High impact Euro news coming out in an hour, maybe this explains the lack of price action?
Hi All,
No trading last few days, licking my wounds with a 3.5% loss on the account.
Quick question, does anyone have an overlay chart for SMT that is better than the current option that has candlestick / bar / line for the main window but then only a line in the secondary window. (If that makes sense)
What I’m after ideally is one that can be the same size and both use bars as opposed to different values. Look forward to your replies.
bailed out of my remaining short position on fiber. because of the already mentioned divergence with cable. looking like euro strength. will still be looking to short fiber or possibly better cable in nyokz if something presents itself
I’m using OverLayChart-MA.mq4, dunno if you have used it. Google it & you’ll find links.
It has the option to show overlayed candles or lines.
I also have gone back to simply using two charts one above the other eg; Cable & Fiber
Yep, thats pretty much it, I was looking for a retracement back up into the sweet spot around 1.3370 so I could get back in sync with the higher time frames. We also saw quite a sharp sell off as soon as NY opened, I also thought this might be akin to a judas swing down, get everyone short before sending it back up before another plunge.
Although Im rarely down as far as the 5M (15M is usually where I manage my trades), so normally I wouldnt have traded something like this. I was just taking a look on the 5M and this presented itself.
Wolfe Waves and Gartley patterns…
Wolfe Waves are an example of how market structure can break down after a nice thrust up, then the thrust to point 6 is in line with the original thrust. This is when you’d be looking at the higher TF to establish your bias. Market Mapping video talks about this. Or how the swing to point 6 can be against the lager TF trend but that down’t mean the trend is destroyed, just that MM need to induce some selling and hit some stops before continuing up. points 1-5 look a lot like range contraction and swing 6 like range expansion.
The Pesavento patterns will steer you wrong if you are looking for them as stand alone products. Does the Gartely butterfly pattern have the 100% ext or 161.8 ext? You don’t know and you’ll keep selling only to see the price keep going higher. If the extension lands you at a major psychological level plus a monthly resistance plus and old top, this is a higher likely trade. You’d use the 15 min chart to see if MS has broken and get in at OTE like any other S/R trade. Gartley patterns are much more useful on 1h and 4h charts than 15 min charts and the extension levels are fuzzy, usually a 10-20 pip range.
My opinion: don’t get entangled in that stuff yet. Focus on the stuff ICT has been using and talking about - MS, Key S/R, OTE, higher TF analysis. The basics. Get your base hits. Home runs will come later. ICT probably used the basics himself for years before getting into that other stuff.
Thanks, I’ll give these a go…
Sell limit for the fiber @ 1.33318
OTE, Bearish Divergence asian high taken out, resistance just above… Gold up on the hourly, lets see what NYO brings 
Edit:
Deleted sell limit, realized the cable is the one accumulating sells… 
missed a short on fiber by one pip. also cancelled the order
[QUOTE=TommyL;442399]Hi All,
No trading last few days, licking my wounds with a 3.5% loss on the account.
Quick question, does anyone have an overlay chart for SMT that is better than the current option that has candlestick / bar / line for the main window but then only a line in the secondary window. (If that makes sense)
What I’m after ideally is one that can be the same size and both use bars as opposed to different values. Look forward to your replies.
You can use the same indicator once more! Drag it onto the indicator window, now you choose GBPUSD, and a different color. Now you will have 2 lines in the same window. Works for me
Best regards
Roger
Fibre Short @ 1.3310 I know rubbish entry, but still in profit.
Reason for entry.
Holy Grail
SMT divergence
S/R
OTE
STOP Run Judas
Turtle Soup?
Looks to me like a classic market reversal profile
Ps ignore my spelling mistakes, i think i am dyslexic although has not been confirmed by a doctor 
:18:
Attached PIcs
asdauhsdfgdakfnhalsd, wanted to enter for the same reasons at 1.3325. asdjosadsaojkdjsadj 
and to make it even more annyoing, also had a little order waiting to sell cable at 1.6057. sadfsduhfjsdjfsdjfjksdjökf damnit!
still sitting on my fiber and cable shorts since 1.334 and 1.1658 respectively, took some profits off along the way.
im kinda skeptical abt SMT divergence now, because the correlation seems to be off-balance ever since ECB rate decision. anyone feeling the same?
Nice!
I missed it… Now we have Bullish divergence on the fiber @ NYO lol
Edit: Fiber just fell & created a lower low… no more divergence I spose
be cautious! i personally wouldnt take that… these too clean lows, with much stops and liquidity underneath. i think 1.3250 will break soon. price will now hover there for a bit, lour people in longs (me 1 year ago would have taken that long, because the support is looking so strong! :rolleyes: ) and then BOOM. would love to be short right now and just holding it for the big break.
p.s.: dont take my view as the one that will happen