What goes up must come down? 
!!
Question, when you all pick directional bias / trend you are looking at a combination of Intermarket analysis and Market Structure??
As intraday traders what tf do you look at market structure?
I use the Daily, 4H and 1H to determine my overall bias. I’ll hover around the 1H mostly, then drop down to 15M if price is approaching my noted levels.
I do the exact same thing. Daily, 4H and mostly the 1H, but zoomed far out in MT4.
Time to exit for me - I’m still bearish
were you long Peter?
interested in stop management if you happened to have open position from prior NY
EURGBP hits 0.86
Maybe eurgbp will take a rest for a while and cross pair smt divergence will start to make sense again?
Only a 20 pip scalp - very nervous - hate buying into resist, waited for the break - is’nt it funny how the asian session very seldom will rock the boat, many times if waiting for a push they’ll leave it for LO
All clean area stops are now toast so added to my nervousness - I’m still bearish
Placed stop at the 90 - I know - bad r:r but I had the bond mkt with me on the break so was happy enough, probably would have exited at the fig., anyhow,now to see what the smart boys have up their sleeve this afternoon.
Hope you don’t mind me asking peterma, but why are you bearish on the fiber…? To me it looks very bullish!
I hope to see a retracement during NYO so I can get in long.
What is your profit target on your short trade?
It’s made perfect sense to me for the last couple of weeks. Every time I haven’t considered it I’ve been toasted :56:
ok. yes, i agree on the Asian session, LO has the volume for the larger moves
Missed the long entry this morning after having a short stopped out at breakeven. The reason for the short was I thought we were making a false break above the previous highs and moving into a longer term OTE. Therefore resuming to MS and a long bias I placed my entry at the Asian Range high instead of the previous high and short term break on H1 MS.
All MS is still bullish but I’m not willing to enter this late as we are approaching a Weekly OTE Sweet Spot @ 1.3600 so I would rather wait and see if we break MS downwards and look for a short sell in the future.
All in all 0% gain this week which has been due to tight stops whilst I have been busy at work and trading off a mobile.
Been some nice gains for others though, so well done and hope you keep hold of them!
I personally think we will break today’s [U]low[/U] later today after the Fed.
EURX at long term resistance.
USDX still failing to break lower.
Euro has also broken higher getting plenty of traders in long to f**k over!!
hmmmmm…
Ok here goes,
Fiber:
Short sell limit @ 1.35536
Long term OTE
SMT bearish divergence since this mornings high
ADR fulfilled (for what it’s worth)
USDX H1 bullish OTE
Hoping for a NYO reversal
Looking for a retracement back to the Asian high where I will take partial profits & see how it plays from there.
Also noted that Cable is in a bullish OTE on the daily, also the GBP/EUR is in a Daily T/F Bearish OTE so this looks like Euro down & Pound up.
UPDATE:
Cancelled sell limit & entered lower @ 1.35432
Good USD news just broke so looking at more immediate drop off, I know I’m a bad boy & could be accused of chasing price :36:
TWYS!
Anyone looking at Aussie. I think we are near bullish OTE zone.
this is absolutely interesting, one hundred percent
it is very possible many reasons exist at higher frame SR for short reactions, or reversals.
The pair has been going up and up, so the probability is that any reaction at the resistance level is more likely bounce than reversal. It may just dive out of the blue, but it’s would not the high probability event.
However it seems that opinions are heavy on the short side
i am genuinely interested how this turns out (my trade has paid, stops in place etc.)
Good luck to any with open positions in the market, whichever side
I am still bullish, I am just hoping fiber to go back down so that I could go long at 1.3520
But I think we can make money on both sides so I wish you good luck 
Good to hear I’m not the only one waiting for that 
It could potentially be a nice OTE, and hopefully coupled with divergence or a grail also 
So, consolidation until the talking heads start?
Had this setup too:
I’ll probably remove it now… (I still dont like the idea of shorting the Fiber at the minute)
I wish I was trading USD/JPY, that gave me the result I wanted on the EUR/USD LOL. Nice OTE on the 15M for the short.