Actually after finally having a chance to check out some charts this week, it might be time to start looking for demand levels on EU.
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DislikedHere's Sam's webinar from Tuesday
Edit:
I'm ten minutes in and it's exciting to see Sam talking about the same levels we're watching, I'd highly recommend anyone reading this to check out that link.Ignored
DislikedYes, it was a good webinar. Interesting to see that he noted the level I identified on GU Daily as not being an important level. He did not elaborate but probably due to the number of candles in that area, but still a reaction non the less probably more so as a result of dollar supply. Closed trade today good for over 100 but will anticipate potential retest at lower daily level possibly during NFP if at all.Ignored
DislikedGood to have you brother.
That thread is awesome, and is where I posted that weekly /dx chart.
I started this one because I'm trying to focus purely on set and forget methodology. Also this thread doesn't have any restrictions on who can post here.Ignored
DislikedBy weaker I mean the fashion in which price left the level.
By lower I mean further "south", not smaller time frames.Ignored
DislikedA review of the week.
USD reached daily supply, and fell after buying climax....Ignored
Dislikedeurusd turnaround later part of last week seemed to come too early & catch many in surprise. Ashraf Laidi of CMC thinks its decline after breaking 55 week MA is not over yet. See http://www.cnbc.com/id/15840232/?vid...1095872&play=1 He thinks it cld go to 1.26, which is still within the weekly demand zone. According to Seiden when he talked abt usdjpy on M60 chart in latest webinar, we wld want to see price go deeper into the zone. Both eurusd & usdjpy didn't do that. Interesting to see how they pan out. Thoughts?
Cheers!Ignored
DislikedDon't forget, higher time frame demand/supply. What has the euro just done? Why might you not want to be looking to short the euro at the moment? Be very careful listening to analysts, they feed the trading masses junk. You should have a trading plan and following nothing else but that, and learning from your mistakes, learning discipline following your rules and no one elses.Ignored
DislikedWow look at these two beastly levels that haven't been re-visited yet. Strongest moves of the past 2 years.
Oh this is the weekly euro futures.Ignored
DislikedLooks like it is gbp, not eur?
Any reason why you didn't consider 2.0607 as the high end of the supply zone?Ignored
Disliked
Any reason why you didn't consider 2.0607 as the high end of the supply zone?Ignored
DislikedI chose the high that was made just before the fall.
Edit:
BTW great questionIgnored