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tmancini said:
Still don't fully understand it but managed to get this trade in on Cable this afternoon and took 1R profit ... good job I was trailing in my stop!

You know, I think I just realized a good piece of "learning Order Block" advice with this post. It dawned on me that, if someone is "learning" Order Blocks, that they could easily Demo Trade a very basic setup:

Pull a Range Fib for "in Trend" (EMA) setup; find the "best" H1 Order Block within the OTE range. Put a 20 pip SL trade hanging there. Set the Take Profit to the Previous H1 Order Block that was created on the way there. Do this for a solid month.

And you may inadvertently find your entire trading style. :-\ But it would help learn where to expect bounces. And it would allow you to have a better feel when to expect reversals at Order Blocks.
 
Spotted an interesting looking OB on the Euro 4H ... would like your thoughts on how you would expect price to behave based on this.
 

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tmancini said:
Spotted an interesting looking OB on the Euro 4H ... would like your thoughts on how you would expect price to behave based on this.

I honestly see that OB as an "intermediary" OB within an H1 sell model.

I believe there is a high probability of 1.2400 once again at least.

Besides, it's a counter trend move.

On the other hand, USDx has reached the top of the range and a nice H1 OB too. So maybe we could get a bounce there.
 
sqa said:
You know, I think I just realized a good piece of "learning Order Block" advice with this post. It dawned on me that, if someone is "learning" Order Blocks, that they could easily Demo Trade a very basic setup:

Pull a Range Fib for "in Trend" (EMA) setup; find the "best" H1 Order Block within the OTE range. Put a 20 pip SL trade hanging there. Set the Take Profit to the Previous H1 Order Block that was created on the way there. Do this for a solid month.

And you may inadvertently find your entire trading style. :-\ But it would help learn where to expect bounces. And it would allow you to have a better feel when to expect reversals at Order Blocks.

I do this all the time during ranging market conditions.
 
Looks like we could have new highs in USDx soon as a daily OB was reached yesterday. We never had a daily close below 87.50 seems like we could close the year at 89.00 at hand.
 
jupiter_peak said:
There is a 1H OB/consolidation right at tha level. Plus sweetspot + 5750 mid figure. All in synch.

Just realized we are still inside a daily bear OB. If and when price slides from current levels and returns, I will be looking to sell.
 
jupiter_peak said:
Just realized we are still inside a daily bear OB. If and when price slides from current levels and returns, I will be looking to sell.

We're also within a Month long consolidation.
 
jupiter_peak said:
Just realized we are still inside a daily bear OB. If and when price slides from current levels and returns, I will be looking to sell.

Seems as if Daily OB indeed worked out.
 
jupiter_peak said:
I honestly see that OB as an "intermediary" OB within an H1 sell model.

I believe there is a high probability of 1.2400 once again at least.

Besides, it's a counter trend move.

On the other hand, USDx has reached the top of the range and a nice H1 OB too. So maybe we could get a bounce there.

You were spot on Mauro! I was unable to post earlier but I managed to stay out of the trade ... You have to look at the whole picture frame, and certainly helps to avoid counter trend trades.
 
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