Just 2 quick comments.
--> First a imminent break down alert doesn't mean blindly jump in on board (if you are not already in) but look for opps ASAP according to your parameters to jump on board. That's why I call it early imminent break down alerts ...
--> Second, all nice but where the heck is the other side of the equation in the analysis. Where is the Euro* part in all this...remember every pair has 2 sides (which makes things in FX even more complex to analyse) sometimes one side is in the driver seat and the other is just in the back seat, others both are pulling together (hello easy trend rides) and some others they are clashing (hello chop zone).
Don't forget to add the Euro* in the analysis. The end of QE is not a joke for Dec...
sisse
Disliked...without another catalyst (tapering, rate talk, brexit heating up, trump crazy, etc) the lows should not see a momentum break.Ignored
QuoteDislikedThe notion that they aren't defended?? lol...
First, is not a notion is a fact. Don't get too glamour thinking that because you have magic lines below or 15 years ago somebody was trading Euro below the 1.05xx handle a few hundred candles ago there is actually real money holding (it applies to any instrument) ...Below its just air market wise and you will be dependant on very large hands setting a floor before you even think about finding real money defending any level ...
Second, market flows. I got the feeling you maybe sitting and looking from a bit too far from market action. I mean major flows not in terms of your chart or the Euro but on the actual flows of what is being traded in London, Frankfurt, NY or Chicago ...
Third, 'defended' is an expression to show that below or above there are not really 'any' large, medium of small hands holding positions to neither side therefore levels could be clean very quickly meaning the 180 opposite of chop zone in terms of flows....
sisse
Disliked... Hope someday our paths cross. You give so much time and info that is so invaluable! ...!Ignored
Better go and enjoy Thanksgiving before your GF put you into the doghouse for the rest of the year....
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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