Fake bull candles are created and once bulls think market about to move up, the market makers use the robots and crack it. .So easy to do in a market with thin volume
- #20,207
- May 1, 2018 1:41am May 1, 2018 1:41am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Hi peeps 
Still no signs for a pullback, we are moving away from Weekly resistance without retest, Yesterdays Daily candle confirms, Momentum looks pretty strong and we have solid intraday downtrends on H4/H1. We are still sitting on a 50% Retracement Support and I placed a Sell Stop underneith.
I am also short on two other Euro pairs and my overall Multi-Currency Top Down confirms my Short bias on a technical level.
I still anticipate a decent pullback to upper resistance though...
a little explanation:
I trade the Daily / Weekly Charts and I use intraday (H1/H4) technical Levels to place and trail my Stops.
The Indicator on the H1 is called "FXI-Pivots", I use it for placing tighter Stops on intraday Pivot Levels.
Just thought I should point this out for better understanding of my charts.
Have fun and stay green
Charts: D1 and H1
back to gray...
Still no signs for a pullback, we are moving away from Weekly resistance without retest, Yesterdays Daily candle confirms, Momentum looks pretty strong and we have solid intraday downtrends on H4/H1. We are still sitting on a 50% Retracement Support and I placed a Sell Stop underneith.
I am also short on two other Euro pairs and my overall Multi-Currency Top Down confirms my Short bias on a technical level.
I still anticipate a decent pullback to upper resistance though...
a little explanation:
I trade the Daily / Weekly Charts and I use intraday (H1/H4) technical Levels to place and trail my Stops.
The Indicator on the H1 is called "FXI-Pivots", I use it for placing tighter Stops on intraday Pivot Levels.
Just thought I should point this out for better understanding of my charts.
Have fun and stay green
Charts: D1 and H1
back to gray...
you are not expected to understand this
- #20,208
- May 1, 2018 2:04am May 1, 2018 2:04am
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
Focus only on what truly matters!
- #20,211
- May 1, 2018 2:27am May 1, 2018 2:27am
- Joined Jul 2015 | Status: Trader | 2,762 Posts
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
- #20,213
- May 1, 2018 2:35am May 1, 2018 2:35am
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
Focus only on what truly matters!
- #20,216
- May 1, 2018 3:01am May 1, 2018 3:01am
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
Focus only on what truly matters!
- #20,219
- May 1, 2018 3:08am May 1, 2018 3:08am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
let's not forget the bank holiday in Germany, France, Italy... we are at home, watching paint dry.
Means, I expect a slow intraday, and I do expect a more explosive move (more volume) from tomorrow ADP, that might trigger something.
In which direction? I do not know. Nobody knows... maybe pullback to upper resistance, maybe straight down to next support.
We will see. Keep smiling
Means, I expect a slow intraday, and I do expect a more explosive move (more volume) from tomorrow ADP, that might trigger something.
In which direction? I do not know. Nobody knows... maybe pullback to upper resistance, maybe straight down to next support.
We will see. Keep smiling
you are not expected to understand this
