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- fxbaloo replied Jun 2, 2024
EURUSD has been stuck in a range 0890-0800 since 15thMay 2024, the Fridays close is around 0850 which has been acting as median. With an important week ahead it is likely we get a range break on the upside above 0900 .Expecting Monday to start ...
- fxbaloo replied May 30, 2024
Fading this down move in EU with pending long 0785 sl 10 pips with target 0912. This could be the big one. Edited: 785 not 885 If 0785 gives then will attempt long again at 0761 before 1200 london time, Not in the US session. Expecting either a pin ...
- fxbaloo replied May 28, 2024
The low 0850-0860 can create a bull move tomorrow in london session with a frankfurt fakeout. The problem is the 12 H is a pinbar that look really heavy so if the asian session doesn't slide below 0850 we can still go up tomorrow. If 0850 goes or it ...
- fxbaloo replied May 28, 2024
The concepts like ICT and SMC and what not is what is wrong with forex these days. Just copy paste and renaming of already existing concepts. Readers beware don't fall for complicated terms, FX is flow driven and no one can know where the order are ...
- fxbaloo replied May 27, 2024
I will try to put it as mechanically so it fits the label of a system.
- fxbaloo replied May 27, 2024
What is the london session? The london session is the time when the traders in EU and UK are most active, there is a small window when it coincides with the NY session then extreme volatility can be expected. What is the time i am using for london ...
- fxbaloo replied May 27, 2024
By trading i suppose you meant trending. If that is what you meant then the answer is, that i don't know in advance if the session will be trending or ranging. I can say with some degree of confidence though that the session will be sideways on some ...
- fxbaloo replied May 27, 2024
Attached are 3 charts that only show the move that happened in the london session. The 1st image shows the move on Wednesday and Thursday and the 2nd image shows Friday and 3rd image shows Mondays move that is currently in the making. The chart was ...
- fxbaloo replied May 27, 2024
I will be posting my tomorrow's trade with reasoning and add more posts explaining sessions trading in the coming hours. Good Day.
- fxbaloo replied May 27, 2024
TRADE 27/05/24: not expecting much on account of bank holiday, but the market has surprised me before so we may get a move. Took a scalp trade 5 standard lots bagging 5 pips off a predefined low on the frankfurt bar scalp as it doesn't look like a ...
- fxbaloo replied May 26, 2024
What are pivot points? Pivot points are support and resistance lines that are calculated mathematically using a formula. The daily pivots use the High Low close(HLC) for the last day, weekly pivots use the weekly HLC. Why care about pivot points? ...
- fxbaloo replied May 26, 2024
What is a session? A session is time period where the trading happens and this trading activity can have a recurring predictable outcome. In FX the london session is the trading that happens within the active business hours of Europe/UK. Asian ...
- (binned per thread starter's request) EURUSD trading using sessio
This thread will be an introduction to my process for trading EURUSD. Before i proceed i must say ...
- fxbaloo replied May 23, 2024
Eur is likely headed higher, this rapid decline could end up fizzling with a frankfurt fakeout tomorrow or by Tuesday. 0830 should be good barrier and would be important if the session trends.
- fxbaloo replied May 23, 2024
My view:
- fxbaloo replied Apr 17, 2024
EUR also likely preparing for a major leg up or going for a breakout pullback sell. Time will tell if we see an up move but i am inclined to the long side and planning to fade the leg up in dollar.
- fxbaloo replied Apr 17, 2024
Good bounce off the last demand zone. Expecting trend resumption higher.
- fxbaloo replied Aug 31, 2023
Took Eur long at 0869 with TP 1.10. SL 1.0815 Reasoning: Bullish engulfing on 2D, and larger weekly time frame still showing the relief rally underway in EUR.
- fxbaloo replied Aug 30, 2023
Cable analysis: Waiting for sell opportunity, intraday trend still skewed to long side.
- fxbaloo replied Aug 29, 2023
Sad to see no engagement in this gem of a thread. Here is my chart.