Sqa,sqa said:Day 16 USDJPY. This should run down for most of the day, so there's a double issue for the trader on this. The first is that there's likely a Short for 20-30 pips available today. It really depends on how the Asian Session shows out.
Then there's a likely Weekly Swing Low to form. Though I would not be surprised if the "true low" was last Thursday. Though a Run down to 1.5 STD of the CDR could be a great place to get in. 101.20 to 101.25 is the Key Area. If it flies through that, we could be in for a while week.
It seems like the dealer range midpoint levels are also useful for dynamic S/R lines, so I added an option to my indicator to display the midpoint levels.sqa said:Specifically 1.5 CDR I don't think has been mentioned by ICT, but it's a pretty good zone to move to before a reversal, however. Though if the major level was under 1 CDR, I'd probably be looking for it to slam through it.
Hi HopiplakaHopiplaka said:I'm a buyer of GU @ 1.6760 region:
[*]break 1, break 2 seen
[*]4H MS bullish
[*]15 MIN order block
[*]STD3 BUY Zone
[*]Reflection pattern from Friday's low to high
I'll watch LO with great interest tomorrow
Hi Kate,kate682 said:Hi Hopiplaka
Like your charts, if you don't mind, can you tell me what fib is your KILL, i like that, its permanent. I still fight my stop loss gremlims
Hi Sqa, I think i missed the webinar on z-days. Do you possibly know which one it was?sqa said:Day 17! A little late on this one, as I looked at the chart around 2200 GMT, but I forgot to do this work up before I got some sleep. Though it doesn't really matter too much, as a 23 pip CDR screams Z-day going into the news Cycle Today & Tomorrow. (Japanese Rate decision minutes + Speech, followed by FOMC minutes 15 hours later.) They're setting traps and will likely clean out everyone before starting the next move. Thus, we wait on hints.
Not that there probably isn't 30 pips to carve out each direction today.