I CAN RELATE
I HAVE LOST SO MUCH MONEY OVER THE YEARS BECAUSE OF INDICATORS
BUT THANKS TO THIS WEB SITE I HAVE LEARNT SO MUCH IN SUCH A SHORT TIME
ABOUT PRICE ACTION I AM JUST
green pips to all of you
By the way, it will be terrific to visit US for holiday if its currency goes cheaper. Their tourism will open up.
I then define the trend of the market
After this ill look at the strength of the trend
once ive done this and i have my bias i look for discrepensis within that trend so is price acclerating or deacclerating into support resistance?
is this move just a pull back within the trend?
i trade against weakness within price, for example everyone was predicting a short because the "Euro had such a huge move and it beat its ADR" "its overbought" people where expecting a downwards move with there shorts, but there was no downwards movment.
Also the study of price swings within a lower time frame give you an insentive as to the strength of trend to by comparing the swings together and how price moved within then swings.
Was it fast was it slow? was it an over extended move? is there weakness in that swing coming into support or resistance.
The market will do the following fact.
Trend with small pull backs
Trend with complex pull backs
Breakout and hold in our new area of interest between our defined structure.
Breakout and reverse back into our previous defined structure.
Comparing price swings on a lower time frame shows you who has momentum just like projection and depth does compare then both.
Thats all i did to tell me this was going to go higher using projection depth and momentum i could tell when everyone was shorting that the move was more than likly going to be a pullback rather than reversal. Now we are at 1.2175 as its friday ill close my trade shortly as i dont hold over the weekend.
If we where on tuesday and i had a trade id carry out what i call bar by bar anaysis for each candle stick printed to determine sentiment. once price no longer goes with my sentiment i am out. Granted price may carry on in my direction but better safe than sorry.
EUR is turning unstoppable....
EU this month next target 1.2429
This year we must be get EU will be 1.37xxx area
If we will be lucky then we'll get it within 1st half of this year
My experimental paradoxical trader enthusiasm indicator just went off.....time to short.
Take long again from 1.2067 areas.
Monthly chart folks,
i see a high of 1.2566
The 5/55 EMA are close to crossing (bullish trigger)
Cheers Brian Dingoman-2
Screenshot 2018-01-13 04.11.17.png
Short 1.21781, SL 15 pips, TP 60 pips.
As Ata and i said earlier, xABCD will be completed around 1.2180-1.2190
We reached this level but i eill not enter the narket now. The weekend might bring a gap that might go against us and loose some money. I'll look to enter short as soon as asia session starts monday.
I won't take a chance now. It will not move that much now. Eu brokers almost closed now
just as a side note
this weekly close looks really bullish for the coming weeks
of course you can always trade pullbacks and retracements , but the next likely target over the next 1-2 weeks could be the 1.2300 / 1.2400 area
it just plough through it
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