The Market pays you to be disciplined
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DislikedWhat news do you have in mind?
Market should start pricing in the cut... at least the odds are like that.Ignored
Dislikedupdated my target to 3622 coz its 100% extension from initial bullish wave today.. You can see that fib holded down there and gave another entry if you missed the initial. Price likes the 62-79 range pretty often. And if price overshoots that S/R then ratraces back into the range.. it respects that S/R on second bounce as it did today on gbpusd.Ignored
DislikedHeavy build up on Audusd.. I would like to see that TL crack so we can start trading here...
Take into consideration, interest rates are key market movers. After RBA cut it keeps going up... on EU expectations...
Maybe its time to head south for aussie?Ignored
DislikedHi Arsa,
fantastic thread. Ill be following it closely as i believe that fundamentals are main thing that moves the market BUT understading them is a very hard job to do. I see you have a good knowledge so keep up the good analysis!
Do you have any specific filter to esitmate whether the day will be ranging or trending? I mean how do you evaluate the importance of the upcoming news events?
CheersIgnored
DislikedGood site, but im more interested in day trading on M5 and M15 timeframes so im mostly interested in cathcing intra-day trends. What would u suggest looking at for determining the daily volatility? Just bloomberg?
Thx again for your reply.Ignored