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pipfarm replied Jul 13, 2023Not bad at all easy 30 pips so far GU EU on its way up and gold stalled a bit eurgbp rushing to fill that FVG
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pipfarm replied Jul 13, 2023Same corrective pattern on EU as my post on GU H1 for longs
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pipfarm replied Jul 13, 2023This whole move up started from a monthly low way back, corrective as it is going against the HTF. Price has taken out one FVG @ 2300 now the top of the second is around the 3700 area On the weekly there are also FVGs @ 3272 next The gaps are most ...
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pipfarm replied Jul 13, 2023Looks like a minor correction so maybe not necessary to swing trend from m15, just a break of that 3030 might do it from m15
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pipfarm replied Jul 13, 2023Gold could be a long from H1 Looks like an exp flat on H1, lower t/f needs to swing trend up to confirm or maybe not as the H1 correction looks like a minor one, so only a break of the 1963 high needed after the 15m minor pb
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pipfarm replied Jul 13, 2023Could be going up again H1, did not clear the lower FVG but looks like an abc correction running flat waiting on lower t/f for signs of uptrend image
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pipfarm replied Jul 12, 2023Fascinating, At the end of the day trading is a whole package of concepts that visualised and understood together make for successful trading.
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pipfarm replied Jul 12, 2023Go to the 15 Minute chart on GU and look at the price bars from the high round 1.3000, follow the bars left to right and you will see how the price kept balancing itself , So price has to be in balance during a trend , range and correction
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pipfarm replied Jul 12, 2023FVGs can be defined by looking at sets of bars ,each group of bars consisting of HHs/HLs or LHs AND LLs can be considered and area of FVG, price will revisit that area at some point as the market has to stay balanced , the trick is to watch for the ...
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pipfarm replied Jul 12, 2023USDCAD takes out one FVG and leaves the top one behind but on the way up keeps itself balance during the correction. image
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pipfarm replied Jul 12, 2023Just checked the UST30ybond and looks to me like it is doing exactly the same , the thing with these FGV is they do not always get filled immediately, there may be two FVGs stacked on top of each other , one gets filled on a PB the other gets filled ...
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pipfarm replied Jul 12, 2023So GU H1 swings down takes the lower FVG leaving another FVG at the top , takes that gap and breaks out leaving another gap at that top , will it get filled now Monthly is getting close to balanced 1.3137 being the FGV area to fill
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pipfarm replied Jul 12, 2023During a pullback two FVGs can be taken at the same time creating the ABC correction , a lot of these today on H1, so in essence the markets are one giant balancing act, makes perfect sense to me. image
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pipfarm replied Jul 12, 2023Been studying this FVG concept and it is nothing new. When price trends up or down just as an example each swing leaves gaps between the peaks and troughs and in order for the MMs to balance their books or the market if you like, the areas or gaps ...
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pipfarm replied Jul 10, 2023Long trade is invalidated as H1 low broke down and there was no trend up for an entry
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pipfarm replied Jul 10, 2023From H1 i would say Gold is a long H1 has an abc correction which can be seen with its internal structure on 15M A is an impulse B is an abc correction itself and looks like a running flat and then C is an impulse H4 is above the daily and D1 is ...
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pipfarm replied Jul 10, 20232826 Support now resistance and sends GU into an uptrend on H1
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pipfarm replied Jul 10, 2023Looks like a long to me H1 has made a correction abc and H15 shows a impulse b(abc) c impulse so should be heading up for a new H1 high
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