Patience + Humility + Study = Success
DislikedCongratulations!!! That's great
Now you are elected to give the tip of the day. I'm not being sarcastic here. Obviously you saw something or you're luckier then hellIgnored
DislikedI know this wasn't directed at me , but just to point out a couple of things which may assist you in the future. Now this is admittedly after the fact because I don't trade gbp/yen. Why? The daily average range is not that much better than cable and I deal with way less drama and spread.
It would seem to me that there was support at what is now the pivot point. I would imagine that if one were to be looking for a short on Sunday then a bar close below this area would be prudent.
On the long side, hour rsx, clearly , signalled an uptrade,...Ignored
DislikedThank you . I have them but I couldnt recognize Dollar index there...Ignored
Dislikedfxpro code there index so if u want to see it right click in the quote click symbol and go into the index or future u will see every instrument thereIgnored
Dislikedjust wondering whether we are seeeing first signs of real distribution on cable?
after initial rise in the morning you can observe pretty high volume candles with low ranges closing closer to bottom.
then volume went down and prices continued drifting higher which is lack of demand according to VSA. it is more obvious on 15min chart but 1h chart also gives first signs of selling. i think we are nearing the top of this current run and my projection is that i can spike through 1.65 area and then quickly go down in asia.
this is futures volume...Ignored
Dislikedif anyone is wondering what is the reason for today's crazy rally, well, it looks like big sharks wanted a better price for their long positions. and it looks like they still have some ammunition, because i do not see any signs of distribution yet.
when big guys will have closed most of their longs (and it's WHEN, not IF) and started to open shorts, we'll see that specific range... typical for a distribution at the top - you know, that slow market that hunts everyone's stops... irrational behavior... no apparent direction... top tests on low volume...Ignored
Dislikedthis market is full of no demand and no selling pressure bars, there've been some narrow bars with high volume, maybe we're going to build distribution phase here, we must wait and see what the market tells us.
edit: the market is not going to tell us on M5 chart lol .. i prefer to look at higher timeframs looking for signs.Ignored