Dislikedagree..."it's just inactivity".....EURUSD is on a 3-5 pips range for the past 10 H....come on....no way to make money there for sure.......I keep on looking my iphone..seems even all candles diseappearedIgnored
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
eur/usd, eur/jpy, usd/jpy average 0 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
Dislikedagree..."it's just inactivity".....EURUSD is on a 3-5 pips range for the past 10 H....come on....no way to make money there for sure.......I keep on looking my iphone..seems even all candles diseappearedIgnored
Dislikedi know piter's trading style... he sees 20 pip range in 1hr chart. he is very good at his exits.Ignored
DislikedOf course, my fundamentals getting in the way, I would guess that anyone with enough juice to move the market is going to wait to see what happens at the FED, [b]hence the consolidation perhaps?...Ignored
DislikedFor anyone who is interested in these things, I will post some charts over the next day or two that will show where I think we stand from a wave point of view.
In essence, (and you can look these up), we appear to have completed wave 1 (in the form of a leading diagonal - not overly common for wave 1).
GJ is now consolidating its wave 2 in either a (wonderfully named, but actually termed by Elliot himself) double 3 or triple 3 pattern (also not overly common, even for a wave 2). We have completed the zig zag formation, would appear to now...Ignored
DislikedNo problem..out at a diner now..will explain more in detail tomorrow..
Quick answer..they maintain the price @ those 2 levels 134.8/135.80 on a strict 100 range.. All we see now in the midle is just computer activity ..pre-programed in the morning @ certains S/R points..they still make lot of money by doing this..meanwhile we are out..they keep us out ..cause no directions in the markets these past days...Ignored
Dislikedpilot,
got a question regarding 1hr chart with current cluster zone...
except today due to the low liquidity... all the down move has been met with rejection with high volume ar'd 134.80 area, yet the up move rejections ar'd 135.80 zone had small candle body with low volume....
is this an indication of distribution? please help me understand this. thanks in advance.Ignored
DislikedHey nice thread. Where do you guys get information about Volume? I use ForEx and I don't see it anywhere in their list of tools. Excuse my noobieness. Thanks!Ignored
Dislikedpilot,
got a question regarding 1hr chart with current cluster zone...
except today due to the low liquidity... all the down move has been met with rejection with high volume ar'd 134.80 area, yet the up move rejections ar'd 135.80 zone had small candle body with low volume....
is this an indication of distribution?.Ignored
Dislikedfailed trade example:
geppy:
got excited at the broken tl and retest at the broken tl.
didn't wait for london. entered long at the asia session set up.
had to go through an agonizing moments... price dropped hard stopped me out then went to bed not realizing it was a london session.
i wasn't prepared for london. saw the set up afterwards...
lesson learned: after the breakout of the tl, should have paid more attention to the macd. signal lines crossed down right after tl break. should have waited a little longer.Ignored