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I'm not sure what your issue is Erinsunc. I see you all over the internet bashing Pete, yet he is a good trader and a great guy. Haters gonna hate. Oh well.

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LOL, you guys are still hanging around here?

Lower low made. Now we find out if we get a break/test/continuation pattern. K.I.S.S.

Daily triple exponential moving average..am I right? What do I win?

Nice catch. A bit risky for my style with higher volume demand showing up just behind it..more of a cue to look for a long entry, BUT the level where you drew the box would have to have been broken first anyway for my usual setup. (automatic rally ...

That would be the one. I first entered on the push through the demand line, just as you drew it, then added on the close below the ND that you pointed out. It's what I've been showing time and time again. So far a straight +125 pips with no draw ...

:nerd:

Aww, now that short was too easy. Text book Cliffy trade at 11:10 and 11:40 gmt, eu. @ Frankkn, couldn't have said it better myself.

Took the NS test after push, biz as usual. Banked half and letting it run. I'm off for now.

This is just a guess. Bounce off fib and lower trend line on increased volume. Maybe even a shakeout.

Yes, now with rising bottoms. A look at the 15 min from today. An attempt to break 1.3550 should be coming. If decent supply is not found there, then up we go and a nice move this week perhaps.

Nice. You entered on the close of the NS, or do you wait for price to get above the NS high? I usually wait for an actual close above the ns.

like candy.. —

Absorbing supply today..carefull, carefull.

Don't take my posts as an attempt to be all knowing, I'm just sharing my views. (had to say that..in a place like this lol) I wouldn't interpret that as a no demand due to the price area.

If it's an upthrust on very high volume, I'd consider it.

Yes, 1.3680 showed supply, no doubt. Looks like it was absorbed too. The supply line I'm referring to in this case is this. When there is stopping volume on a down move, I look for the first level of resistance to setup, known as the "automatic ...

BTW, "supply line" is AKA "AR" (Wyckoff). "Push" is AKA "effort to rise". "Low volume test" AKA "no supply."