MATRIXPIP FX π°
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π‘ NO HIGH IMPACT NEWS DAY
On a day with no high impact news on the pair or instrument you trade, you will notice there is a lot of manipulations in both directions before price commits to one direction. Levels also tend to be swept more than once before price does in the opposite direction.
What to do on a day like this?
πWait for trade at significant price levels such as sweep of PDH/PDL, etc
πIf you can get any set during LND session, don't push it, wait till NY session open
πReduce your risk compared to your usual risk on a day with HIN (High Impact News)
You can also choose to stay away from trading that day. You don't have to trade everyday.
If you look at the whole of today's on EU 15m chart, you'd see a lot of 1234M.
Use the playback function on TV and start from Asia session. Focus on getting 3RR as well as letting it run till full TP and see what lessons you can learn that will let you tighten you rule of engagement.
EURUSD 1234M SELL 2
This is a follow on setup. I added this based on my discussion with @ernestas in the chat channel.
π£ CHART / POST COMMENT FUNCTIONALITY
Hello trader, hope you are well.
I have created a chart channel (MatrixPip FX Chat) that is connected to this channel (Matrix FX). This will allow everyone to be able to comment on the post here or chat with each other.
You will need to join the channel for you to be able to do that. Click on the link below to join and let's see if this helps us.
https://t.me/+q_Gax4WtkEwyNmY0
The truth is it's the real subscribers that have left, not the bot one.
I found the bot subs have deleted profile but are not automatically removed from the channel. In other words, deleting the bot profile by the creator does not remove them from the channel they have been added to automatically.
You will notice the number of subs is now going down. That is because I have been manually removing the 'deleted' profile a few hundreds a day.
To test your 1234M skill, can you see the sell on 1M chart? It has also hit the target.
As you can see, the 15m swing structure is bullish but I have marked a potential counter trend sell since it has formed it's own structure. This is how I do ping-pong trades without having to wait for price to return to the swing supply/demand level.
π΅ EURUSD HTF ANALYSIS
Here is the 15m markup
https://s3.tradingview.com/snapshots/x/xaKwtqA7.png
π΅ EURUSD HTF ANALYSIS
This is what my HTF (Hight Time Frame) charts currently look like.
All of them are Swing structures. There are obvious internal/minor structures which I have not marked. These can be counter trend or pro trend. Feel free to mark them if you can identify them.
Swing structure is how I identify my overall trend direction. I do however trade pro/counter trend by marking the internal trend structure too.
For me, there are two types of Price Structures: Swing and Internal a.k.a Major & Minor or whatever you like to call it.
Weekly
https://s3.tradingview.com/snapshots/g/Gcvhk965.png
Daily
https://s3.tradingview.com/snapshots/q/QAqoBUF4.png
4hour
https://s3.tradingview.com/snapshots/u/U3sWyrnR.png
Note: the four hour Swing was initially bearish and it only just changed to bullish.
