upthrust + no demand is probably enough of an indication of weakness to take the trade.
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Dislikedmy main reasoning was the no deman/ test bar that happened right on that orange trigger level, these are usually pretty reliable.Ignored
DislikedThanks, I get that, but still, isn't the bias still long on the EU?
PS: such a sh**ty day for trading the EUIgnored
DislikedHi all,
Has anybody read Gavin Holme's new book? I saw they released it in thier site. would be much appreciate iff you could let me know
ThanksIgnored
DislikedThanks, I get that, but still, isn't the bias still long on the EU?
PS: such a sh**ty day for trading the EUIgnored
DislikedStill holding onto my silver. Looking to add in, not today, but next week. Thank you ben bernanke.Ignored
DislikedNice post-FOMC 2nd shakeout in 6E futures. If spot can close above 1.47, I'd look for break of previous spot high, approaching 1.473/4/5, but be careful for the Ben press conference. The crappy dollar will come up and he'll have to say something nice, "we want a strong dollar", blah, blah ...Ignored
DislikedIt was fast and furious, but VSA provided two perfect entry points to the long side today from what I saw. An entry at 4639 and another at 4680 of a low volume test.
The pace of the upmove seems to be slowing, which is something to take not of imo, but the direction is still higher.Ignored
DislikedI dug up what might have been the last such similar event - on Nov 3 when Bernanke announced QE2. We had a ~300 pip runup in the 2 days before, a 150 pip pop to significant/expected resistance in the minutes after the announcement, another 180 up in Asia, and then a retreat below where it was days ago (can't recall the reason why the retreat)Ignored
Dislikedmostly a 12 hour chart these days , targets 200 pip a week on eu / gu and 30 points on es
Only have to look at charts once a day
Take note of how they dried up up supply and lured the bears in , pre fomc was simple even off a fxcm chart I was looking at on ihpone, wonder how many are still selling eu off 1.4700 ... lol suckers...Ignored
DislikedNotable that the exact same thing happened this time around, except much faster, and for the same dollar-negative reasons, yet much more pronouncedly. Now Asia and London should follow. Ben gets an A+ for performance consistency.Ignored
Dislikedlol.....A+++.... give that man an Oscar
Thinking we may blast right thru 4850 area I mentioned yesterday , but weekly range is done at 4837, so lets see what next two days bringsIgnored
Disliked4640 was my entry on that clear stopping on a 15 min chart ... kind of expected it to be honest as the pattern of drying up supply they did in last 15 hours has been very evident at every resistance point of EU
Trading is boring these days.. and that is the way it should be...however making tons of $$$ is not boring ..lolIgnored
DislikedI'm getting there. Vsa really helped me understand the why price action is moving the way it is. LOL, trading is good, and relaxing.Ignored