To Sentiment or Not to Sentiment? That's a dumb question. Imagine this ~ A speeding train is headed towards you as you leap back and forth in front of the track. You could grab on for the ride when it gets slightly past you. If you wait too long, you'll miss it..... But if you keep hopping back and forth trying to dodge it - you're going to get run over. That's what happened this week to those who chose Not to Sentiment. USDJPY USDJPY was that Train, and if you were hopping [...]
Synopsis: In this video you will Learn Basic Market structure by examining AUDUSD on 1 OCT 2019. AUDUSD completed the Full Market Cycle - What to expect next?
Synopsis: In this video you will Learn Basic Market structure by examining USDJPY on 1 OCT 2019. UPDATE When I saw price break down fast and pull back, I immediately sold at Structure and Targeted the stops mentioned in the video. Sentiment had shifted across the Y axis, then the X axis, and then was a strong Sell by the end of the week. Market Cycle Completed UJ completed the intermediate Sell Side Cycle. It's worth studying how price behaved around each key area of Market Structure. Ask yourself: [...]
A Member asked a legitimate question: "On 24 September 2019 at 17:20, USDCHF moved into the strong sell mode. Looking at the candle chart, you will be selling at the end of the move down. My question is how do you use the sentiment tool to avoid situations like this or how will you have dealt this scenario?" You could have easily made money if you were trading this on the 15M Time Frame, and would have avoided it all together on the 1H Time Frame. Here is how you'd do it. This is [...]
This is an excellent example of a repeatable pattern in the FX market. I would say Textbook because it is perfect - but this happens so often that it is core to the way we think about Market Structure. Study this Market Structure thoroughly and understand what is going on here. If you understand this - you understand the core of Market Structure. First you have a mark up ("uptrend") - by the first Higher High (HH) then a Higher Low (HL). Price continues to drive upward until it reaches a zone where it can no longer continue [...]