all this support for swissy may cap any significant further bull-move on the euro but we'll see. Still holding euro shorts.
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Dislikedthank you guys for all your answers ,
I'm now reading the pdf file (it's the same as the stuff on the first post of BRV?) , and as it the 2nd time I'm reading it , things become clearer to me ,
I looked today on BRV's blog and I didn't see any daily post and no daily buys\sells , so my guess is - since the price did not do anything new yesterday and kept ranging , the buys\sells levels are the same as yesterday?
again , thank you BRV for the refreshing insight , and you guys for your help as I'm trying to catch up.
BarakIgnored
DislikedYes + some more.
I guess he has to sleep too. =) If I'm not mistaking, he is in the EST time zone (now it's 04:40 AM there)Ignored
Dislikedthank you guys for all your answers ,
I'm now reading the pdf file (it's the same as the stuff on the first post of BRV?) , and as it the 2nd time I'm reading it , things become clearer to me ,
I looked today on BRV's blog and I didn't see any daily post and no daily buys\sells , so my guess is - since the price did not do anything new yesterday and kept ranging , the buys\sells levels are the same as yesterday?
again , thank you BRV for the refreshing insight , and you guys for your help as I'm trying to catch up.
BarakIgnored
DislikedHere is another method of identifying high probability places where pivots may occur - multi-pivot lines. Find the line through which the most pivots have occurred and study price action around the extension of the line of best fit through these points. Here is an example of such a line on GBPUSD. This sort of support and resistance is teetering into the realm of market geometry but is a simple enough, and reliable enough method of identifying support and resistance that it is worth some consideration in my opinion.Ignored
DislikedHi guys I just posted.............all updated better late than never and yep I was trying to catch some zzzzzzzzzzzzzzzzz's. Normally around midnight 2am EST I'll kick it out.Ignored
DislikedThanks BRV...
How did you play this then ?
I went Long at 1.3700 and it broke through ... at what point do you decide to get out of that trade ... or as the next one is and hope the next level bounces ? The 1.3674 looks like it maight be Support??Ignored
DislikedThanks BRV...
How did you play this then ?
I went Long at 1.3700 and it broke through ... at what point do you decide to get out of that trade ... or as the next one is and hope the next level bounces ? The 1.3674 looks like it maight be Support??Ignored
DislikedHi BRV,
I've noticed that we have new buy\sell levels today , what are we doing with yesterday's levels , are we no longer use them although currencies as eur\usd did not move much ?
and another question , are you entering a trade each time price is touching any of those levels , if not how do you decide in which one to enter a trade?
thanks.Ignored
DislikedYeah this is the part where just good judgement and screentime comes into play.......you have a fast drop down from the 1.3370 area....at that point on the 15 minute we had a bar that went from 1.3762 to 1.3715 in 15 minutes....a steep decline....lots of sellers on board.
You dont want to push it when you see something as steep as that so close and go for a long.Ignored
Disliked
Also take a look at the hourlies. In general they're pretty oversold and looking for a deeper correction on a longer-term basis, so you want to catch it somewhere in the middle. 1.3660 would be around that mark. Its bouncing now and up about +20 pips.Ignored
DislikedHi BRV,
I've noticed that we have new buy\sell levels today , what are we doing with yesterday's levels , are we no longer use them although currencies as eur\usd did not move much ?
and another question , are you entering a trade each time price is touching any of those levels , if not how do you decide in which one to enter a trade?
thanks.Ignored
DislikedAaaaah I see what you mean.
There was almost 'too much momentum with sellers' for the level to hold ... I think that is what you mean ??
sorry ... I don't follow what you mean here?
Thanks teacher :-)Ignored
DislikedOh and in regards to the levels changing, we've got different conditions everyday, so I'll adjust accordingly. Everything changing on intraday price action. If you take a look at the charts I post in the commentary you might start getting a feel for what I look out for. I know its very difficult in the beginning but believe me its second nature after a while.
Its easy...promise!Ignored
DislikedAaaaah I see what you mean.
There was almost 'too much momentum with sellers' for the level to hold ... I think that is what you mean ??
sorry ... I don't follow what you mean here?
Thanks teacher :-)Ignored