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jupiter_peak said:
In regards to GBPUSD, we have changed the main direction on of the intra week move as the low of the week was taken out today. We have a new low for the week and an intraweek bearish market direction/structure.

Kudos who aknowlege the power of 3 and sold close to the top of the range/week.

Double Kudos for those of you who sold the pair today as well @ around the 6130 level.
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I'm finding great use in leaving a Line on my mark-up chart with the Week Open, projected out through 18 GMT on Wednesday. It keeps the eyes on the position of where we are within the week.

And I really wish I hadn't been away for that Cable entry on Tuesday. It was very juicy.
 
sqa said:
I'm finding great use in leaving a Line on my mark-up chart with the Week Open, projected out through 18 GMT on Wednesday. It keeps the eyes on the position of where we are within the week.

And I really wish I hadn't been away for that Cable entry on Tuesday. It was very juicy.
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Sqa, What day and time do you use for weekly open?
 
After reaching a bullish OB earlier today, price managed to make it back to a 4h/1h bear intraday OB.
Also, a daily resistance level right around 50.


Too late for my taste tho.
 
walshman said:
Sqa, What day and time do you use for weekly open?
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I use the hard, Sunday location for the open. Since I trade Yen, there are the weeks that the High or Low are formed right around Midnight New York (i.e. Lunch Tokyo), so it's just a visual guide. Occasionally, they open on an Institutional level, which always seems to end up being the collection point for the start of the week. :)
 
I love this technology thing.
This one having lunch. Am not a techie but I have to admit it's fun indeed.
 

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Anyone figured out how to draw basic lines on the MT4 app? ???

I mostly plan to only ever manage via the app, but part of me wouldn't mind having a line or two to watch. (Obviously, I can keep notes of Levels I'd watch, but I was hoping there was a more direct way)
 
I look for monthly weekly daily block confluences and fib confluences for position trades sometimes...
 
I'd be looking for that Short above 108.50, not before. But that D1 Order Block @ 108.65 would concern me.

Also, that TP might make sense to lock in, but if this is getting back to 105.60 this year, it's on its way to 104 something. Not saying it can't get there, I just wouldn't be looking for that Entry on a Friday. If we're headed back down, hard, it'll likely put in a high Monday Tokyo time.
 
sqa said:
I'd be looking for that Short above 108.50, not before. But that stack of D1 Order Block @ 108.65 would concern me.

Also, that TP might make sense to lock in, but if this is getting back to 105.60 this year, it's on its way to 104 something. Not saying it can't get there, I just wouldn't be looking for that Entry on a Friday. If we're headed back down, hard, it'll likely put in a high Monday Tokyo time.
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I second that.

I have mixed feelings about UJ right now. Market seems bullish, but this could well be a false rally/bull trap. Besides, we already have an over extension of the weekly range and that issues opening positions in the opposite direction of the current move.

Am watching ES too as it has reached a 'strong' bear OB from october 8/9.
 
jupiter_peak said:
I second that.

I have mixed feelings about UJ right now. Market seems bullish, but this could well be a false rally/bull trap. Besides, we already have an over extension of the weekly range and that issues opening positions in the opposite direction of the current move.

Am watching ES too as it has reached a 'strong' bear OB from october 8/9.
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My take on it, I think shorting (scalp because it'sFriday :) ) is a feasible idea.

https://www.tradingview.com/v/I5Q315oO/
 
Glad to say that all trades planned for the week (refer to last weekend video) came to fruition. UCHF was the last one just today or yesterday.

Sound top to bottom analysis pays off its dividents sooner or later.
 
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