I took the same trade, in hindsight, it should not have qualified as an entry, there were less than 40 pips to the fulcrum.Simr said:OK. Guys I totally missed the cable short today since I was concentrating on the fibre. The initial runup in the pre asian session ( 1.3668) i didnt take a short...time wise it wasnt right.
On fibre at the LO the 0900 GMT push down i took a long. Reasons : we were coming off a double bottom on 15 min chart...plus the price was at 1.5 AD and time wise it met the criteria. It worked a bit then totaaly went opposite.
So though i didnt co relate with the cable...though these days it doesnt seem to work.... I am still wondering if i missed something here.
Simr said:Didnt get any entry today. Fibre again by time went down just below CDR... initial move down..
By the rules of SD..and initial move .. plus the fact it was sitting on a 15 min order block..it was a buy.. also big fig 3620s... but didnt take it...
So am wondering how does one decipher when the SD down into an order block works ...and whn it doesnt....
Tarri said:I have to say that what you call turtle soup I interpreted as a break of market structure and I took the OTE that followed.
At a point it will retrace but guess until then down it is. 1.356 and 1.348 would then be my best hopes for bounce / retrace.
slugFX said:There was no reaction when price got there, price just meandered there for a little bit so it wasn't a stop raid and the long term bias was down so I wouldn't have and didn't take it either. I was actually looking to get short, but missed the turtle soup that happened around 12:45 GMT or NY open.
EDIT: to add to that, another way to have confidence if it will work or not is when other bullish order blocks are also being respected in the past few days. have they been? no. the bearish ones have.
Simr said:Well one cant know whether price is going to meander there or react ... you just buy the dip as per the rules.... I simply didnt take it becos of the bias downward... But that too can be questioned... if one sees the order block ... m15...and looks left at 28 may LO.
So point still is ..apart from the gut feel... which i used .... how does one know.... that SD zone..orderblock zone... initial move down...big figure.... time etc... are to be ignored... or not.
As far as I "see" them ahead of time, the Price Action in CDR & Asia looks "choppy" and "wide".Tarri said:How do you spot a Z-day early on? fiber and cable look like that is what will be happening