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Last big retrace is the mid range pullback with the trend still intact so high probability to retest the highs. Diverged on the 1 min chart. Price also puts in a Hidden Divergence, new momentum low without a new low in price = upside strength and one more push up!!!
Final exit door the same as the rest.......played off the 1 and 5 min charts.
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
Nothing fancy, just the regular X_Trader DOM, but keep in mind, the role of the DOM in my overall edge is minimal at best......for me, it is easier to read the order flow through the price action of the candles.
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Looks like smart money was not going forget about this move.
3 more pushes to the upside after the deep mid range pullback. Volume drys up on the retraces.
Right into the opening of the week and last week's VAL for another 100 ticks or so.
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
Didn't quite make it down to lower trendline, but that very well could be it for the major down move in my view.
I am in neutral mode, but any daily acceptance up above that same 92.75 area will have me looking for a new bull move over the next 2-3 months up to 103.
Long on the tap out of the London low and short the retraces down to the previous week's low!
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
i agree, the price will go wherever it wants or really wherever smart money wants to move it.
The only ones I find helpful is a small trend line as price comes into a turn that acts like a "break point" or a regression line/channel.
If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
Added to that (which im sure very few will agree with), is that in my opinion 80% of what happens intra-day is noise. There are 1 to 2 real moves per day in a given instrument. Unless you're scalping for ticks, the goal should be to try to align with the 1 or 2 major moves of the day and stop trying to make sense of every little move or trying to constantly draw trendlines to figure out which is the 'real' one. Figure out what the market is trying to do, figure out the context of the market. Then trade the major move by getting in using whatever method you prefer.
