Hopiplaka's Journal
- Thread starter Hopiplaka
- Start date
The gap was filled yesAusDoc said:Pretty close. 1.62768 on mine, but filled.
Looking bearish still but plenty of reasons for crazy price action ATM and anything is possible, even 1.6413 some time next week. Good luck
But I'm not bearish, look at the Cot data, seasonal tendencies, divergence on bonds and yields.
I have following BUY GBPUSD on demo (it's Friday
)Attachments
Good, because I tweaked my entry a bit.rod178 said:
Price didn't move much after the news event, it got stuck at the1H order block.
So I got in after the break on the 1M candle.
Still aiming for the 127 and 161% upside extension of this weeks swing (1.6281 and 1.6341).
Not this week probably but the stage is set for next week.
Also see how the 4H EMA crossed over and there's a nice gap, even with a bearish candle inside (a signal to go long)
Attachments
Pretty well parked in the neutral zone on H4.
A good setup for an option straddle, though with two positions in the money I'd want some major news. It does seem to be building for a decent break though.
I have 4 brokers and on this one the gap looks filled but it missed by 1.7 pips.
Any way you slice it, this is not a strong gap fill. A good example of financial market indecision when faced with political turmoil on top of seasonal and other cyclical forces. Que sera, sera.
A good setup for an option straddle, though with two positions in the money I'd want some major news. It does seem to be building for a decent break though.
I have 4 brokers and on this one the gap looks filled but it missed by 1.7 pips.
Any way you slice it, this is not a strong gap fill. A good example of financial market indecision when faced with political turmoil on top of seasonal and other cyclical forces. Que sera, sera.
Everybody who went short because we (almost on some platforms) closed the gap (and it is a nice resistance line) have put there stop losses where my take profit is. 1.6280AusDoc said:Pretty well parked in the neutral zone on H4.
A good setup for an option straddle, though with two positions in the money I'd want some major news. It does seem to be building for a decent break though.
I have 4 brokers and on this one the gap looks filled but it missed by 1.7 pips.
Any way you slice it, this is not a strong gap fill. A good example of financial market indecision when faced with political turmoil on top of seasonal and other cyclical forces. Que sera, sera.
See yesterdays 1hour bars for a nice and clean area
I definitely notice the weekly bullish pin bar yesAusDoc said:You can win just on noise with that target Hopi
Did you notice the possible bullish hammer forming on the weekly chart? Could be that some of the poll panic will unwind next week.
I also note the divergence in 10/30 y bond prices and the divergence between uk and usd yields.
And I also saw the huge drop in open interest on COT charts on massive volume inside the weekly order block
And the 4H EMA is pointing to buys as well
Just for the ultra scalpers, the 1MIN chart, HTF=5MIN
Draw the 5MIN order block, wait for it to retrace, check divergence on stochastic.
Set sl in middle of 5 min order block, take profit previous high, 1:2 or 1:3 setup in 9 minutes
Draw the 5MIN order block, wait for it to retrace, check divergence on stochastic.
Set sl in middle of 5 min order block, take profit previous high, 1:2 or 1:3 setup in 9 minutes
Attachments
Need to think of a new nickname for you Hopi. Maybe "Killer" ...nah... "Action Man!" ... This is hard. Nothing quite captures all the concepts. Depth, breadth, scope, focus, committed student, decent chap, sense of humor, etc. I'll just make a note that all this and more adds up to Hopi.Hopiplaka said:Just for the ultra scalpers, the 1MIN chart, HTF=5MIN
Draw the 5MIN order block, wait for it to retrace, check divergence on stochastic.
Set sl in middle of 5 min order block, take profit previous high, 1:2 or 1:3 setup in 9 minutes
That 1 minute illustration is a great example of the ICT basics isn't it. Did you see his latest video? I thought it was one of his clearest presentations of his order blocks. Oo.. sorry to be messing up your journal thread.
Thank you AusDoc. You're doing great too!AusDoc said:
This is indeed an example of ICT material down to the lowest level. Now, this is not somethin I advocate (the spread is killing you), but this was just a nice example:
- Determine your daily basis. That must be clear by now
- Bounced of a support level, a fib level in this case
- Broke market structure (the high of 9 minutes before the support line was hit)
- note the Higher timeframe order block
- Wait for a retrace at or into the order block
- look for divergence
- enter, take profit at know points:
- previous swing high/low
- 127% ext
- 162% ext
The whole level of ICT's teaching has massively improved this year I'd say.
But than again, it can be me who actually understands what he's talking about now
Was also a CDR run & trap out the longs pre-USA News.Hopiplaka said:That depends on what kind of trader you are
But with all those votes it's tricky.
But it gives the direction nonetheless.
A nice NYO long entry (OTE zone, 1 Hour order block) presented itself a few moments ago btw.