FRACTAL BASE FIBONACCI OFFSET - AUDJPYUsing the fibonacci tool on the market structure break upleg does not always give an entry as price turns before the golden ratio quite often. Over a sample size, if you study the market structure break upleg/swing you notice that it occurs in three legs mostly.
The retracements of the market structure break never make it to the first leg and most times the retracement occurs to the second leg before another swing up of same length as structure break swing.
To catch this retracement I usually identify the fractal bases before the structure break swing. In my own logic,the fractal base is the upside down V with two lows; the last one lower than the first since it is the liquidity grab (liquidiy grabs occur before markets change direction).
Having a fib stretch from the first(and higher) low to the high of the market structure break will often give you a golden ratio/ optimal trade entry on retracement!!
not financial advise
OTE
$EURUSD - JUDAS SWING - Low of the week hit. (Idea)I personally called a buy to myself earlier this morning because I'm anticipating prices to get to 1.184-1.185 ish before we start to see a down trend. Here's The trade I personally called. I had a limit set and it hit in London and I woke up in profit so my natural instinct is that we would have a buying bias going into today anticipating that high for the week.
Then I saw another buy opportunity and took that.
And as you can see, that didn't work out
So like any normal trader I waited to see what was actually going on. And I still have my chart marked up with all of the order blocks and I couldn't have been more surprised to see that it hit the same order block from last week. So I bought based on that. It hasn't made a lower low so my analysis stands that it will eventually get to my high that I'm anticipating which is 1.184-1.185 ish. I've done too much analysis on this chart but I just got hit with something I didn't expect today. But that's ok. It just gives me another chance to get back to where it is going to be. So here's my current position to my current aim.
P.S. I don't believe in trend lines. Only discount prices.
USDJPY TRADE IDEA!!I really like this trade idea to the upside. With that reaction off of the daily OB I will take that as a confirmation that we may be in a intermediate term low. Of course depending on what the DXY does for the rest of the weeks to come. I like the idea of the market coming down into the OTE which would be the blue zone and then continue on up. If this happens today I will take the trade idea but I would prefer for this to happen during the London session or NY session on Tuesday and hopefully that will be the low of the week. My main focus for the trade idea would be for the market to tap into 106.800 that is my final target. Which would be the Daily bearish OB I have highlighted. lets see what happens.
GBPUSD TRADE REVIEW CHECK THIS OUTIf you look at my previous trade idea for GBPUSD during the NY session you'll see that the target was smashed within 2hrs. This is what I try to aim for every session now that does not mean that you have to trade every session. You should only trade the sessions where you see the best trade idea.
Optimal Trade Entry (OTE) ExampleOANDA:XAUUSD
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OTE /Optimal Trade Entry
When a price has bottomed or topped in a certain area, we usually make a nice and deep retrace before going further in the other direction. This is called the optimal trade entry since it's the ideal spot to enter a trade for high RR trades.
To be more specific, price retraces to the area between the 61.8% and 78.6% Fibonacci levels on your Fibonacci tool. With 70.5% being the middle of that and essentially being the sweet spot.
Now, these Fibonacci levels don't magically work everywhere. Like every other concept, you have to combine this with other concepts to work.
The OTE is an essential tool to find high RR entries. The reason for this is that when price retraces this deep, you're close to your invalidation or stop loss, and so you automatically get high RR trades because you enter close to your invalidation level.
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Peace Out!
$xrp cannot regain range EQxrp has had many attempts at making it back above the range EQ (.5 fib).
you would of thought the long awaited coinbase listing would of been a moon news drop but it was nothing but a mere pump in a sea of alts popping off left right and center.
an easy move would be to wait for the OTE to hit (or drop below and reclaim) and then ride the wave back to EQ.
the day xrp regains EQ and closes a few candles above we can try a long to range high
DXY SellAs I said last week dollar break old intermediate Highs and make intermediate new Highs, now I am expecting that dollar make a little retracement to 97 and continue falling or just to continue falling until 96.20 0r 96.
For me is a strong sell for the confluence with order block, Fibo retracement, institutional price and Net short.
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