Right now it looks more like a stop raid for shorts, since price has dropped quite rapidly after LO. Stop raid below Asia maybe, or where do you think they will hunt for stops, if that is the case?
I would like to see 3410-20 tagged
So you arenāt looking for longs if price goes to around 1.3350 for instance (OTE area, under Asia)? You would only be looking for shorts above 1.34?
As always, Iām not asking to critique, only to learn! 
I could personally be going long, since it to me, seems to be in sync with the higher timeframes.
Yeah - I would be happier going long around these sort of prices - hunting a good setup
There was nice SMT divergence late yesterday between 16:00 & 20:00. Fiber went higher and Cable refused so I shorted at the next candle open. It also lined up with 61.8% of yesterdayās high to low. From the entry around 1.6008 (my fill was 1.6005 due to spread) price bounced off the Asia low this morning and into the 70.5% retracement and sold off. I closed at 1.5950 for 55 pips as I thought there was SMT on the 15m chart plus also we are approaching a daily OTE with implied support.
Only a demo trade again as new to divergences and my earlier poor loss at the start of the week.
3330 - would be a possibility - hidden ote - fib from 3300 (also todayās adr low) - also below central pp , also below any NY stops yesterday - but will watch.
Iām long @ 1.3340, just below the stops of yesterday NYC.
Trying to hold until 1.3420
1.5915 for Cable, stops and support??
If I were trading Iād too be looking for long setups here.
Nice entry Iām long from 1.3351 because Iām an impatient idiot reallyā¦ :56: Maybe itās going to work out anyways thoughā¦
Think about the day of the week too. New traders are recommended to trade Tuesday to Thursday. This past week has been tricky enough to trade intraday (mainly because Cable & Fiber have been at odds with eachother - Cable slid all week, Fiber has been consolidating) .By limiting the days you trade increases your chances of nailing a decent setup. This is only my own opinion based on how I started off when I first went live, so feel free to ignore it :). As Iāve mentioned before, dont be so eager to get into the market.
I closed all longs and entered short at Sweet spot.
The original plan was to wait for retrace after MS break on 1H to confirm 4H H&S bounce.
There was a lot of rejection around the SS level forming the right 1H shoulder. Decided to be a little more aggressive today. Gray box is 4H OTE.
MS is broken on 1H now, there should be some sort of pull back to test the old highs before locking into selling pressure.
Here is the original trade plan from Tokyo Open
Doesānt look too bad - Iām guessing Hop got in on a limit and yours was a market entry
Indeed a limit order. The smarter thing should have been to wait for a bounce, and an OTE, around the 1.33435 level
Both good entries - with the market order I feel more in charge so to speak, I can watch price action and take immediate action - with the limit if Iām right I will often get a better entry so my SL can be that little tighter -but then Iāll miss some good trades - all down to personality, Iām experimenting with both types to see which suits me and which gives the better results over the long term.
BTW the hidden ote 62% just got tagged at 3338 - so now the only way is up
Are you long from 1.3338? That looks to be a damn good entry! Well, come on now Fiber! The sky is the limit! 
I had my eye on this one too but decided not to trade due to tiredness & my mindset. That 5k to 1 Million thread did my head in, I seriously canāt see how it wouldnāt affect Michael. The toxic nature of that thread screws my mindset & thereās no expectations on me! So not going backā¦ sorry.
Anyway on to a topic more productive
Looking at the Fiberās price action I had this theory;
Go into Oandas order book @
Forex Order Book | OANDA fxTrade
And you can see thereās a whole lot of open orders on the sell (Left side) side, right at the 1.34 level which price action didnāt trigger.
Why didnāt the market reach this 1.34 level?
Could it be that the smart money are deliberately stalling price below & reversing as we have just seen, to[B] try & get the street money chasing price down?[/B] (they think they will miss the big sell off so cancel their sell limit & open a new trade lower)
Once this happens, they (smart money) can run price up against the shorts with a better chance of taking out their stops??
Would like to hear your theorys
I know what you mean, I looked in on it and thought, nah, leave them to it. He donāt need to prove anything to me. If the concepts work for me, thatās all the proof I needā¦
Iām not currently in a trade at the minute as I closed my Cable trade earlier. May look to get long any pullbacks in the NYO KZ though as daily MSās are still bullish and Cable is just beyound a 79% retracement on the daily.
Iāll take a peak at that Oanda feed too as Iāve not really looked into it before.
Sorry it wasnāt any more insightful!
Yeah , actually 3337, but exited all at 40 pips -cannot be too greedy on a Fri.
The interesting thing was the Hidden OTE - price nailed the 61.8% to the pip - ICTās advice about not trying all the time for the actual ote line is good.
I still think price will hit the 3410/20 area
Very nice trade! Iāll keep mine running a bit longer, and hope for the 1.34 level!