DislikedOn the H4 chart the question is will the new candle open above 1.2307 or below.. we will see in 11 minutes.. Stay GreenIgnored
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DislikedOn the H4 chart the question is will the new candle open above 1.2307 or below.. we will see in 11 minutes.. Stay GreenIgnored
Disliked{quote} Ivob, "Also I'm very alert at BO of a few pips and then high volume comes in..price goes back and then it's decreasing. It's bound to fail. (FBO)." Could you please elaborate, i wasn't able to follow... Price breaks resistance by few pips, high volume is pushing it down again and volume is decreasing. Does price keep going down from then on? "price breaking resistance happens if resistance is not there anymore....so when it's not there it just goes thru normally... completely normal.. not high volume...not low volume..no weird moves..nothing...Ignored
Disliked{quote} >Price breaks resistance by few pips, high volume is pushing it down again and volume is decreasing. >Does price keep going down from then on? Anything can happen at anytime, period. So the answer is no... It's a sequence, one thing leads to another... the next step is price to breakout of the bar for instance. Price likes volume. The market likes volume. That's what it does, generating trades, looking for volume. Price stays where volume is and when it doesn't something is going on. We want price to move easily/effortless to places where...Ignored
Disliked{quote} Just for fun... To me the Market is not just one component.. It has two components.. I can give the analogy of the CAR (the traders) and the ROAD (Fundamental Conditions).. Sometimes the car can't go because it has no gas in its tank or it has malfunction in its engine.. But other times it can't go because the road is too bad or steep.. Fundamentals are busy with analyzing the roads.. they never check the car.. and technicals are busy with analyzing the car.. they never check the roads.. I like to check the car 80%.. and the roads 20%.....Ignored
Disliked{quote} Just for fun... To me the Market is not just one component.. It has two components.. I can give the analogy of the CAR (the traders) and the ROAD (Fundamental Conditions).. Sometimes the car can't go because it has no gas in its tank or it has malfunction in its engine.. But other times it can't go because the road is too bad or steep.. Fundamentals are busy with analyzing the roads.. they never check the car.. and technicals are busy with analyzing the car.. they never check the roads.. I like to check the car 80%.. and the roads 20%.....Ignored
Disliked{quote} You can see both aspects when flying in a helicopter ,easy to land where you want too also ,,,lolIgnored
Disliked{quote} Do you know why they also call it a "chopper"? Because it can chop your head off Stay GreenIgnored
DislikedBuying or selling right after an hourly doji candle.. hmm... will probably be a nightmare for both sides I think.. good luck to both.. (I prefer to wait for a solid settle down below 1.2310 first) Stay GreenIgnored
Disliked{quote} Other than it being Friday and traders closing out for the weekend these are the levels Im watching for before the end of the day,,,time will tell ,,not many left to close out anyway . {image}Ignored
DislikedYour longs are safe till 1.238 from there look short should be around that area where the wave 2 will end (based on daily time frame) from thereshort down to potential 1.17 on wave 3 looking on daily price should be making a lower high now as previous leg was a lower low LL LH LL(1.17)Ignored
Disliked{quote} While below 1.2310 I doubt that bulls can push it higher.. for precaution I closed all longs.. watching from the sidelines.. maybe you are right.. if so I will jump back in long.. no rush though.. maybe Monday.. Stay GreenIgnored