Fiber H4
EDIT: Green area is where I would look for a potential Long late in NYOKZ
The Red (for Shorts) and Green boxes are H1 and H4 Fibs confluence areas
Fiber H4
EDIT: Green area is where I would look for a potential Long late in NYOKZ
The Red (for Shorts) and Green boxes are H1 and H4 Fibs confluence areas
Word equilibrium and search and destroy goes together hand in hand i seeâŚ
hehehe synonyms
Iâm going long @ OTE with half risk GBPUSD 1.54671 40 pip s/L , risk adjusted
!!! I still feel bullish. :X
The only thing that worries me is that, since Tuesday often marks the low, we may be headed down for today. O_O
âWorryâ is the word - The Cable has been in a downtrend since mid December.
Look at the Daily
Thanks Rod, thatâs true, MS Down, should wait for a better OTE for entry signaling change in MS no? pp explained pretty well.
On a side note Iâm reading Larry Williamâs book on COT, think Iâm finally understanding it. :X Gonna keep an eye on COT report in the future
Suspect that the boys in NY, on their first day back, will create some volatility during NYO
Depending upon PA etc I may consider a late NYOKZ Long 13326 to 13322
Note that 13321 is the dS2 Pivot
Perhaps a subsequent run to 13400ish (dR2 is 13408) to set the weeks high.
Have you seen Larryâs video set âPicture Perfect Tradingâ Explains COT
Must admit that Iâm more Intraday (LO->LC), so the COT is not very applicable, although do keep a distant eye on the extremesâŚ
As you rightly suggest, the high at 1.5509 was not taken out before the retracement, therefore the OTE you were talking about would not have been âvalidâ per se. It may still play out, but I would have been wanting that high to break before getting in Long again. MS still very bearish.
Try to ignore what you feel and pay more attention to what you see
Yup, look at the retailers Myfxbook says 76% long Oandas books say 66.8% long.
Price didnât respect the bullish OTE on the Daily, breached by 35 - 55pips
I was eying a long too but these things put me off.
Now Iâve opened my mouth it will go to the moon! :34:
Lol wtf u doing here green as grass? Icts tools dont work remember? I think ur in the wrong placeâŚ
Yeah & Iâm here to prove it!
Nah come on! Show me where I said they didnât work?
On the other hand donât bother, MG99 will turn up on my coat tails & the place will be turned upside down Lol
Guys, just FYI, weâve been bearish on the 4h TF since the 13th on the fiber. If you wanna look at the 1h, thatâs a different story, but the 4h is a better indicator of the overall trend, and what I put more emphasis on in my trading (as per Michael). So, nothing has âbroken downâ recently on the 4hâŚ
Matty
Fiber Daily MS bearish
H4 now not so, since about 12 GMT
So I ended up exiting my trade at BE⌠and look what happens. Just great
Absolutely gutted⌠I feel so stupid. Such a stupid money management. I took zero TP on the news release hoping for some sort of breakout.
Note to self - AlwaysâŚalways TP
So it was u holding up the breakout lolâŚwell thanks bcuz i been waiting patiently for the retest of the 134 fig on fiber. Proves the adage true that this is a zero sum gameâŚThe big boys will make sure they dont have to many monkeys on the coat tails
Thatâs trading
Left the station without me, although right on time.
Hi Rod, Im trying to see what your seeing about MS, but what Im seeing on the 4H is that the most recent Intermediat term High/Low that broke is a a bearish one, dvs bearish market structure?
your not looking to the left far enoughâŚyea that MS is broken but u look over to the left even further sitting and boucing off some major support. not bearish until a break in MS on the daily 1.33 imo.
My interpretation is H4 MS break at green up arrow
Hereâs my interpretation (Rod pls correct me if Iâm wrong):
B = ITL formed by 2 STL, A and C.
E = ITL formed by 2 STL, D and F.
E is lower than B, implying H4 MS is still bearish up till #F. However, the next lower low or higher high has yet to appear. Thus the âH4 not so since 1200GMTâ comment.