I do use TL only for confirmation
- Joined Apr 2013 | Status: Now I know you | 5,816 Posts
don't predict direction, but dance with flow of water
DislikedBattlefield: regular MP: below current price action atract the virgin POC's 2940 (weekly) and 2863 (monthly) above 3136 and 3218 daily POC's MMSMP: below current PA only 3014 as hourly POC above 3078 (daily) and 3096 (monthly) will offer strong resistance {image}Ignored
Disliked{quote} Hi Marcus, What does the "regular MP virgin POC's & MMSMP POC's stand for?Ignored
Disliked{quote} Hi Ally, nice to see you here :-) POC's are Point of control: that is the price in a given time span, which was traded most Regular MP (Market Profile): in regular Market Profile, you collect the price/volume data in a given period, like daily TF. At the end of this period you determine the POC. When then the next period starts, the old POC remains a "virgin POC" until the actual price touches it. Virgin POC's tend to attract price. MMSMP is "my" special method of MP. It stands for Murrey Math Synchronized Market Profile. That means:...Ignored
Dislikedi want to sell @1.3065 or 3076 sell EUR USD look @ elliott wave post we could go to 1.3150 but for today i expect max 1.3090 i think that is a good trade for min 20 Pips TP. may be take 50% TP and and let the rest run to the downside 1.2984/8 in extension 1.2944 http://www.forexfactory.com/showthre...97#post6785497Ignored
DislikedMM and MMSMP levels roughly 3070 to 3096 seems to be the market equilibrium right now above 3096 would seem to be clearly bull territory. If simply overshoot to upside, 3138-3158 should stop it then {image}Ignored