Ahh, I just saw your arrow(in the middle of the red rectangle?) But isnt that a STH? meaning market flow us up and not market structure?
(My interpretation is that Market Structure breaks when a ITH/ITL breaks, and Market Flow is when STH/STL breaks?)
(Im just double checking that I got my facts down, and hasnt confused anything )
Rod good thing you convinced me out of this trade. For now I will try and write down every day Daily & 4h MS
SOOO
For example, I could note:
EURUSD Daily MS is bullish until we drop below 1.3280
GBPUSD Daily MS is bearish until we pass 1.565
?? What levels would you use??
I need to watch the TPDS about MS i wonder which it is, I downloaded all of them but number 6, I donât suppose thatâs the one?
Yeh, that would have cleaned out the street money, too bad there wasnât a valid entry point⌠Strangely Myfxbook says 82% long, while Oanda have reduced their open longs to 65.5% I wonder if it will take out the low for last July :33:
Theyâre still selling the Pound & buying the EuroâŚ
Interesting that the Dow Jones USDX closed the Sunday gap today & is bouncing off the Daily S2 pivot. Will it head off north now the gap is closed & post new highs?
50% off now move stop to BE +10 pipsâŚlooking for 134100 next possibly 134500 for possible shortâŚIts pays to be patient and follow your own analysis⌠did you hold your long from 33250??
possible for the usdx to retrace back to the 80.70 forming OTE and right shoulder of head shoulder pattern on 4hr ,possibly breaking lower on a rising wedge on the daily, but what do i know anything could happen
No, closed that initial trade entirely @ 1.3370, then stopped out @ BE on the additional portion I added @ 1.3346 (after +20 TP @ 50%). More work required on the patience aspect
But its good that weâve peaked higher. So far, so good. As you say, 1.3460 or so upside objectivesâŚ
I donât have access to a good standard USDX chart unfortunately as FXCM only provide their Dow Jones version which has a different currency weighting.
If the Cable does make Julyâs low @ 1.53927 which is 40 pips away, then we will have an H4 reflection pattern to go long, which is a counter trend trade admittedly. Iâd want more confluence with other tools of course.
Nice work Johnnycab and Jaynise. I was stopped out at BE on my LO long. Wish I would have slept through the night and not had a chance to move my stop to BE. The 1.3450 level will be the ORO pattern, using the 61.8 level on the reflection, as well as a MM sell profile
I take it you were asking me? Iâm using timing charts, gave up on barcharts.com & donât want yet another mt4 platform on my PC. Is Forex LTD an unlimited demo?
yes, I was, must have hit the wrong reply button. Forex LTD is an unlimited demo account. I also use their platform for EURX (euro index), as well as the equities charts. Itâs quite a useful platform. Iâll give credit to Prochargedmopar for bringing the EURX to my attention. Having the USDX and EURX next to one another on the screen is great for spotting divergences.