EU 27/09/21 HTF Story Building Overview and conclusion will be reviewed in Part 2 description.
Current Market Condition: Market Structure (MS) & Order Flow (OF): 4H: Bearish OF, price is now in the pullback of 4H bearish leg but haven't pullback to the 50% yet 15m: Bullish OF, impulsive move up, corrective down. Momentum: 4H: Bearish momentum is strong, price is now having a relatively corrective pullback, expect price to run the 4H low and create a...
GBPUSD - 20 September 2021 Current Market Condition: Market Structure (MS) & Order Flow (OF): Daily: Bullish OF but Bearish Momentum In major structure and sub-structure we are in Bullish OF. However, price failed to put a new HH in daily sub-structure after mitigating the Daily IFC. In terms of momentum, price showing weak bullish momentum after the...
GU 20/09/21 Markups: Part 1 Overview and conclusion will be reviewed in Part 2 description.
Stopped at Part 3, level of mental clarity starting to drop, unsure about what to play. Status: Getting lost in LTF, HTF structure might have changed but not aware of it, was too focus on LTF.
Part 2, continuing BT_EURUSD - 7 September 2021 backtesting video
Since I already know the following price action, the point of backtesting won't be focusing on the ROI. Focus on backtesting my entry model by using the replay mode. The purpose is to test my eyes to spot the entry model during live market. Annotating thought process during the trading process is good for reviewing the process. It's a way to measure my skills and...
Update to previous markup, this is what I mean of 1H CHoCH, I want to see 1H to turn into bullish OF in order to play the LONG, pullback of 4H bearish leg.
Some nugget for EURUSD players, just spot a nice entry shown up, although I didn't do a Overall markup by today but this entry is nice. s3.tradingview.com
Price is now tap into our 15m POI, if price give a CHoCH here, it will be a good chance to play the SHORT.
***This is a re-uploaded version of markups, I have completed a details version but uploads failed, an error of TV, now briefly go through again*** Current Market Condition: Market Structure (MS) & Order Flow (OF): 4H (inner structure): Bearish OF, price is in discount of the major 4H bullish leg but hasn't reach our 4H major demand yet, still got room to go...
Current Market Condition: Bullish OF but Bearish Intention Market Structure (MS) & Order Flow (OF): Daily: Bullish OF (inner structure), but price give a deep pullback and showing a sign of losing bullish momentum. Price may fail to create a new daily swing high in the near future. 4H: Bullish OF (inner structure), but 4H mBOS found, consider sign of bearish....
Today's GU Markups is informative, therefore will be split into part 1 & part 2. Conclusion will be reviewed in part 2 description.
Current Market Condition: Market Structure & Order Flow: Daily: Bearish OF, price mitigate the IFC and shows some bullish momentum but haven't take out the daily swing high yet, still consider bearish. 4H: Bearish OF, price broke the previous swing low with strong bearish momentum. Clean and clear down move, convincing enough to me that 4H has now turn into...
Detail refined version, Overall View. An update to today's markup
Current Market Condition: Market Structure & Order Flow 4H: Bearish OF, price tap into our major demand and give a strong reaction. However, price failed to take out the 4H swing High, no mBOS found. 15m: Bullish OF, price hasn't take out 15m swing low yet but the 100% retrace and formed EQL is a sign of change of OF. Momentum: 15m: Price come all the way down...
Current Market Condition: Market Structure (MS) & Order Flow (OF): 4H: Price is in the pullback of daily & 4H bullish leg. 1H & 15m: Price give a CHoCH in 1H and 15m, price is now back into bullish OF. Based on Expectational Order Flow, we should expect price to continue to push higher. However, price is moving correctively. Compare to the previous down move,...
Current Market Condition: Market Structure & Order flow (1H/15m): 4H: Price is now back in bullish OF in substructure which align with HTF and major structure. Price completed the pullback of the large 4H bullish leg and now in the pullback of the latest 4H inner structure bullish leg, expect price to push higher and run the weak high. 1H & 15m: Price is now in...