I join this train too, I dey wait for that IPA fi and reversal pattern on S&P500.

I’m reluctant to take any trade today, maybe it’s because of the Non farm news tomorrow.

charly20:



Finally someone to party with.

I'm waiting to see what happens tomorrow.


In saintfaculty's handwriting "no reversal,no trade"

kumulus:



NAS100


So here's my view on US100; on daily we can see clearly that price had been bearish since December last year, in addition to that the current structure imo is bearish since it broke the 13720 level. Today it raided an old high from last month into a daily supply, filling the imbalance the zone left behind. We can satisfactorily say that pricing at this premium level is balanced or there's fair valuation of price, slap your fib tool on the swing and you'll find it aligns perfectly at the 78.6 fib level which is in itself an Optimal Trade Entry (OTE) setup.

Now if I were to take a trade on this asset, I'd wait for an inducement of the supply today's move left behind (Engulfed Candle/Buy to Sell Candle/Sponsored Candle) and subsequent break of structure to the down side which would be the validation for the new supply zone after which we can now anticipate a retracement into the zone for a low risk sell entry targeting the low of the range. Classic BMS+RTO setup.


I hope this helps, by the way my perception and interpretation of the entire PA can be totally wrong. Always do your due diligence!



LloydFx

I will be waiting for the raid on lows tomorrow, hopefully it provides an entry unlike today .

Thanks for the insight .

Firstly, nice analysis but I have questions.

1) Is it only on the H4 you add lipstick to indicate Imbalances?

2) The OTE you mentioned, is it from the recent body swing high of candles to the swing low on H4.
If yes, the retracement will go deeper as the daily IPA is not yet filled on D1. Abeg na just observation make you no vex.

3) This indices bias can you throw more light if it’s still bearish or e don turn bullish?

kumulus:



NAS100


So here's my view on US100; on daily we can see clearly that price had been bearish since December last year, in addition to that the current structure imo is bearish since it broke the 13720 level. Today it raided an old high from last month into a daily supply, filling the imbalance the zone left behind. We can satisfactorily say that pricing at this premium level is balanced or there's fair valuation of price, slap your fib tool on the swing and you'll find it aligns perfectly at the 78.6 fib level which is in itself an Optimal Trade Entry (OTE) setup.

Now if I were to take a trade on this asset, I'd wait for an inducement of the supply today's move left behind (Engulfed Candle/Buy to Sell Candle/Sponsored Candle) and subsequent break of structure to the down side which would be the validation for the new supply zone after which we can now anticipate a retracement into the zone for a low risk sell entry targeting the low of the range. Classic BMS+RTO setup.


I hope this helps, by the way my perception and interpretation of the entire PA can be totally wrong. Always do your due diligence!



LloydFx

charly20:



Finally someone to party with.

I'm waiting to see what happens tomorrow.


In saintfaculty's handwriting "no reversal,no trade"

what's the meaning of ss

Jameselias:
what's the meaning of ss

I think you have me misquoted.


Modified:
I think you're making reference to the "$$" I used to indicate liquidity and traps.

GreatestManEver:
AUDUSD is such a good boy

Like mad bro giving me the vibes I need on the chart ....

Goodybankz38:



Like mad bro giving me the vibes I need on the chart ....

Selling eurusd

charly20:



I think you have me misquoted.


Modified:
I think you're making reference to the "$$" I used to indicate liquidity and traps.

yeah ok

Englishisamust:
Selling eurusd

Scalper trader ... Bro how do you even survive this M1 entry of a tyn do u even breathe before going out of the trade ??

Goodybankz38:



Scalper trader ... Bro how do you even survive this M1 entry of a tyn do u even breathe before going out of the trade ??

Lolz

AUDUSD still looking bullish guys

Englishisamust:
Selling eurusd

Sl hit
Sell stop

Kaybee7000:




Lolz

Serious bro I am curious to know ... Becus bfr u could breathe the trade has already hit ur SL or TP

Englishisamust:


Sl hit
Sell stop

Breakeven

Goodybankz38:



Scalper trader ... Bro how do you even survive this M1 entry of a tyn do u even breathe before going out of the trade ??

Bro na d work of backtestingoo,. Me self dey always fear 1minute timeframe before

ogashman:
Gbp chf

Watching the golden line for a possible buy trade when price reacts there

This didn't go as planned...did me dirty

abham:
Firstly, nice analysis but I have questions.

1) Is it only on the H4 you add lipstick to indicate Imbalances?

2) The OTE you mentioned, is it from the recent body swing high of candles to the swing low on H4.
If yes, the retracement will go deeper as the daily IPA is not yet filled on D1. Abeg na just observation make you no vex.

3) This indices bias can you throw more light if it’s still bearish or e don turn bullish?

Thank you

To your questions;

1. I annotate imbalances on every TF where I consider them to be relevant.

2. The OTE is from the area marked H1 supply swing high to the range's swing low.

3. I stated this in the insight, I am still bearish on US100 until there's a structure break to the upside.

Gramps:

I will be waiting for the raid on lows tomorrow, hopefully it provides an entry unlike today .

Thanks for the insight .

You're welcome Chief

My outlook on S&P 500. If price gets to the upper part of the grey area, I’ll look for reversal patterns as the D1 IPA has been filled. If there is no reversal then no trade.

On D1 recent high to low, price is in a Premium range and that’s where the IPA is located.

If the trade goes as analysed, I’ll take partials off at 50% of price range 4296.7 and hopefully let the remaining run to 4104.2.

Not sure if I should take this trade when reversal prints or till after NFP tomorrow.

I’m open to your criticism.

Englishisamust:


Bro na d work of backtestingoo,. Me self dey always fear 1minute timeframe before

No p man ... Trading is all abt knowing the strategy dat works for you ... Once u master and understand one strategy on trading bro you be big boy Dats one of the secret man ...

today is one of the days audusd is doing giveaway ......big man things

kumulus:



Would be nice, even beyond. I need to get the weekly bos


**A chart would be more than helpful, thanks.

the blue boxes are the asian high and lows, I closed around 35pips gain

Lool NFP vibes

GreatestManEver:
the blue boxes are the asian high and lows, I closed around 35pips gain

Okay so if I got this right, you are looking to enter long at 0.72883 targeting 0.73500.

14500 was not reached. Price reacted from the BB and there was change of character.

We'll be looking to ride when it RTOs. 14240 is the new supply window and an OTE plus an RTO and a QML

Confluences

kumulus:


Okay so if I got this right, you are looking to enter long at 0.72883 targeting 0.73500.

that was the trade I entered two days ago and I called it here

kumulus:



NAS100


So here's my view on US100; on daily we can see clearly that price had been bearish since December last year, in addition to that the current structure imo is bearish since it broke the 13720 level. Today it raided an old high from last month into a daily supply, filling the imbalance the zone left behind. We can satisfactorily say that pricing at this premium level is balanced or there's fair valuation of price, slap your fib tool on the swing and you'll find it aligns perfectly at the 78.6 fib level which is in itself an Optimal Trade Entry (OTE) setup.

Now if I were to take a trade on this asset, I'd wait for an inducement of the supply today's move left behind (Engulfed Candle/Buy to Sell Candle/Sponsored Candle) and subsequent break of structure to the down side which would be the validation for the new supply zone after which we can now anticipate a retracement into the zone for a low risk sell entry targeting the low of the range. Classic BMS+RTO setup.


I hope this helps, by the way my perception and interpretation of the entire PA can be totally wrong. Always do your due diligence!



LloydFx

NAS100

This is maturing quite well, needs a proper H4 bos.

Don't forget guys, it's NFP today.......who's excited??!!



*Modified: Would be nice if price raids Asia's low, perfect purge and revert setup to ride the retracement.....

GreatestManEver:
that was the trade I entered two days ago and I called it here

Excellent!

charly20:
14500 was not reached. Price reacted from the BB and there was change of character.

We'll be looking to ride when it RTOs. 14240 is the new supply window and an OTE plus an RTO and a QML

Confluences

Clean

Gold most likely to be bullish today

kumulus:
USDCAD

I'll attempt a buy to sell move on the Loonie today, low probability but low risk....so why not

*Daily has a bearish structure after raiding highs hence my sell stance, just didn't get deep into the monthly supply as I would have loved. I hope it's not a manipulation though.

USDCAD UPDATE

So eventually price used the first level at 1.29500 perfectly, unfortunately though, I couldn't manage an entry as it didn't give me what qualifies as clean on LTF. Maybe see some buy from this immediate demand as a retest of broken TL resistance and eventually return to take out London buyers during NFP. I just hope I find at least an entry.

*NFP might still manipulate yesterday's low as a matter of caution.