So I took two losses today...shoulda respected market structure more I guess. I think that I feel "smarter" or something when I'm trying to call the reversal of a swing and it makes me even feel like I'm doing more study and predicting so it makes me think that I'm cracking the code and that makes it a better trade or something. I think I need to submit to what price is doing, which overall has the cable bouncing from a weekly +OB at 1.4980 and the daily MS has been bullish since the high on Jan 27th. Long term low formed at that OB as well. I think especially while I'm trying to master ICTs tool bag, I just need to focus on trying to go with the flow and not try to swim upstream (aka counter trend). Do any of y'all ever feel like its too easy just to look for a judas swing that's counter trend to get you in sync with the big move??? Like you have to do something "clever" in order to make a good trade, cause if it was so easy as to just go with the big up or down trend, than why wouldn't everyone be doing it???
Does that make any sense? Sorry if its just rambling....
Anyways, for my nightly analysis:
NFP tomorrow, so I don't really plan on being in the market, but here's what I'd be anticipating. Still need to go over the mitigation block material, but I believe we might drop down into a 4h mitigation block with the 50% being 1.5295, which has some confluence with a 15min +OB/OTE/big fig 1.5300, so price could judas down to that level for a LO buy. It could just as well move down farther and ignore the mitigation block and drop into a 4h OB right at 1.5200. Anyone have any thoughts???
Matty
Does that make any sense? Sorry if its just rambling....
Anyways, for my nightly analysis:
NFP tomorrow, so I don't really plan on being in the market, but here's what I'd be anticipating. Still need to go over the mitigation block material, but I believe we might drop down into a 4h mitigation block with the 50% being 1.5295, which has some confluence with a 15min +OB/OTE/big fig 1.5300, so price could judas down to that level for a LO buy. It could just as well move down farther and ignore the mitigation block and drop into a 4h OB right at 1.5200. Anyone have any thoughts???
Matty