MATRIXPIP FX π°
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π‘TAKE NOTE
When the HTF shouts sell, you need to be experienced to be looking for buys; except you are scalping.
π»TAKE NOTE
Update..
Now before you trade the 1234M sell on the 15m chat, look at the 1h chart. Can you see the strong bullish candle? That's a caution that it may not work.
Don't forget 15m Swing is also still bullish. That does not mean you cannot trade it but just be cautious that it's a CT (counter trend) trade. It may work, it may fail but it has higher change of failing than working.
πI hope you are talking notes?
https://s3.tradingview.com/snapshots/l/lWquniXu.png
π£π£π£ SHOUT OUT
Shout out to Frazer and Rafa and those helping out others in the chat channel.
I encourage others to come out of their shell and start interacting with others in the community. Isn't this what you have been asking for? Don't hold back in talking about the method if you are more advanced than others; the more you talk about what you know, the better you become. That is why I started the MatrixPip FX channel in the first place. You don't have to be perfect to start to talk about what you know. I was not perfect too when I started this channel but I am better now (still not perfect - I never will).
FINALLY SOMEBODY UNDERSTANDS THE POINT
I'll leave this here. It's taken from the chat channel. Read everything but focus on the main point with the red asterisk.
π΄ EURUSD WEEKLY 1234M SELL
Here is a weekly 1234M sell setup.
Would I trade this directly? NO!
Once price has pulled back to mitigate the Weekly Supply level, I will go to the following TF to see what pattern I can see in form of bearish reversal - 4h, 1h & 15m. The setup and entry would be mainly based on the 15m as this is my main intraday chart. I LOOK AT HTF EVERYDAY BEFORE I MARKUP THE 15M CHART. I DON'T BLINDLY TRADE THE 15M CHART - I HAVE SAID THIS MANY TIMES.
However, I have trained my eyes to see what the Daily, 4h & 1h are doing just by looking at the 15m. When a reversal is going to happen on a htf, it is easy to see it on 15m chart. That is why I mostly use the 15m to frame my setup. When you see me holding a trade for long, it is because of the expectation I have based on the HTF analysis. An example is the trade I took last week where I gave two possible final TP - price did crush both TP levels (see the link here: https://shorturl.at/BlHJZ )
Back to the Weekly 1234M
Now, the 1234M may or may not work. It is possible for price to sweep the Swing high of the 1234m - the place with the red arrow. No one can possibly know exactly what will happen. All we have to do is to markup, wait for price to come to our trap, then we decide if it's the kind of animal we want to eat or not before firing at it. In other words LET THE MARKET SHOW ITS HAND BEFORE YOU SHOW YOUR MOVE.
I hope this helps.
https://s3.tradingview.com/snapshots/i/ic90Bh47.png
π΅ EURUSD CHART MARKUP
This is the current Swing structure.
Remember, until the Swing low is broken, we are still bullish.
https://s3.tradingview.com/snapshots/x/XjSL0gU0.png
Have a PIPTASTIC trading week.
This is the one I was referring to.
As expected, the level did not hold. It is against the HTF - 15m internal trend.
https://s3.tradingview.com/snapshots/5/5KNpQwxL.png
Another 1234M buy setup on 1m but I will not take that. It might not hold - at least not to the final profit. Check what the 15m is doing + it's Friday π
π΄ EURUSD 1234M BUY TRADE UPDATE
The possible target I mentioned in my break down has been hit. Look at how price aggressively moved away from that point. I was busy making analysis for you guys and missed my entry πππ
https://s3.tradingview.com/snapshots/j/JQ3Cij39.png
π΄π΄π΄ PLEASE GO THROUGH THIS GUIDES AGAIN TO REFRESH YOUR MEMORY π΄π΄π΄
π£ NEW JOINERS
To those who just joined, thank you and welcome ππΊπ»ππ»π.
There is a trading model which I have written about and most of us trade it on a daily basis as it is highly profitable. I have received testimonies of people whose lives have changed as a result of this.
You will do yourself a favour by studying this model carefully and implementing it. I have put the links together below for you to easily access them.
I regularly talk about the model and show examples of it before it happens and sometimes after it happens.
πNote, this is not a trading signal group. The goal is to show you how I fish so you can fish for yourself with confidence. I cannot make you a successful trader, only you can through hard work and dedication.
1234M
https://t.me/matrixpipFX/1099
https://t.me/matrixpipFX/1313
https://t.me/matrixpipFX/1956
ANOTHER 1234M
I did not take this. I wasn't keen as I still have buy from the other setup running.
MY BREAKDOWN
1. This is a strong price level - D2S (Demand to Supply or Support turned Resistance). The level rejected price 3 times
2. There is a clear internal bullish order flow
3. 1234M that can be seen clearly on 5m and 1m charts
4. Possible final target
5. Possible final target 2
I hope this helps.
https://s3.tradingview.com/snapshots/t/TxZN2o7I.png
π΄ EURUSD 1234M SETUP BREAKDOWN
I took this 1234M buy this morning. @Matt had another 1234M sell markup that is at the TP of my buy. We had a chat about it in the chat channel. I decided to post here so everyone can learn from it.
Do note my post is not to say that @Matt 's analysis was wrong or might not work. I only showed what I did and why I did it; the trade could have been a loss for me too.
1m view
Pls spend the next two weeks to study price movement on a day with HIN and a day without HIN. Don't just take my word for it. Gather your own data to gain confidence in the market.
