I see a possibility of people changing there positions from short to long next week and this could offer some real good sell on euro for longer time scale.
Here is my pic.
Here is my pic.
DislikedHi guys, would really appreciate if someone could mention some literature about money flow since i got interested in the whole market conditions. Thanks vladIgnored
DislikedHi guys, would really appreciate if someone could mention some literature about money flow since i got interested in the whole market conditions. Thanks vladIgnored
Disliked{quote} Yes that area is loaded with sell side stop losses. A perfect target for the SL hunting vultures.Ignored
Disliked{quote} I only long eurcad, nothing more. For EU, I only see long, for short maybe Monday. But that is only me, you know I am a lousy trader.Ignored
Disliked{quote} Yes.. If it wants to turn it should do it right here.. I noticed that often rejections from weekly/monthly levels happen at 40 pip distance - current high is exactly thatIgnored
Disliked{quote} Hi PT, would like to see exactly this :-) But one other option came to mind: what, when the drop this week, your wave 1, was in fact the wave C of an ABC-flat down, and we are now in a impulsive wave up? In this case we might be right now at the end of its wave 3, with wave 4 and 5 to come on Monday, which would carry us towards 3577 at least......Ignored
Disliked{image} Meanwhile something out of the real trading world: Statistics from a large retail trader firm (250.000 investors): 73% of retail traders are short EUR/USD. – EUR is rising instead 81% are short GBP/USD – GBP/USD is rising instead 45% are long USD/JPY – USD/JPY is rising 79% are long USD/CHF – USD/CHF is falling instead 78% are short EUR/JPY – EUR/JPY is instead rising ______________________________________________________________ Conclusion: retail traders are principle brokerages best friends as principal brokers are making money of retail...Ignored
Dislikedinteresting pattern over the past last days: highs have been made on rather small volume, lows came with high volumeIgnored