Forgot to post it earlier too. But the reason was same as other AU longs. I see increasing volume at lows. Besides highest volume appears on a down bar which is strength sign.
Whatever is obvious is obviously wrong!"
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Disliked{quote} GU - another long @1.5918 Forgot to post it earlier. Friday's longs were made in a hurry, but still decided to hold them. Let's see how it goes. {image}Ignored
DislikedHi, I'm from Malaysia. Currently my time is 8.22pm (04-Nov-2013). What should be Europe open time and US open time (in Malaysia time) What is EST? is this refering to US What is GMT? ThanksIgnored
DislikedHi, I'm from Malaysia. Currently my time is 8.22pm (04-Nov-2013). What should be Europe open time and US open time (in Malaysia time) What is EST? is this refering to US What is GMT? ThanksIgnored
Disliked{quote} Excellent results Should you upload the statement for new members?Ignored
Disliked{quote} Wouldnt be easier to add this to one of these trade \"recorders\"? myfxbook or here with the Explorer? Regards, VladIgnored
H4 TF:
15 min TF:
On the 15 min chart there are numerous hints as to what is going on
Price has followed an Elliot Wave Pattern. At the start of the wave there is a high volume increase in trading (LOW). Price has then gone to the (HIGH) and broke the 34 EMA (DRAGON) and 89 EMA trend line. A (HIGHER LOW) is the formed at point 3 where volume has increase again. Based on the Elliot wave theory price action will then have to break past the (HIGH) to produce a HIGHER HIGH before a valid entry point can be initiated.
My outlook on this pair is BULLISH!
DislikedUChf: The area above the whole number seems a nice place to launch a position building move down before Thursday. First, the MMs hold the price up while building shorts, which are only for the purpose of making the position building move profitable. Next, the position building move which will be down and nicely so. It will suck in shorts. As the shorts come in the MMs close out the shorts they have been collecting, and then start building longs for the late week USD move. Just a theory, but based on a bias that EU is bear and therefore UChf should...Ignored
DislikedUJ: Volume has been coming in as the MMs have been pushing the price down, so this could be getting ready for a run higher. I have been waiting for a Classic long setup, which it now seems could come today. {image}Ignored
DislikedEUR/USD ANALYSIS Daily TF: On the 7th June a high volume bullish bar was formed which kick started an uptrend on the pair The trend line has then been tested on the 5th and 6th September. At this present time we are in the process of another test on the trend line H4 TF: Here is a clear example of the Wyckoff Theory. There was an accumulation phase where the highest volume trading occurred on the lows. Price was then marked up with the use of high volume trading and then a side wards price action occurred before another mark up! At this point all...Ignored