Trades technical moves enforced by fundamentals
- #30,201
- Jul 25, 2018 10:09am Jul 25, 2018 10:09am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
- #30,202
- Jul 25, 2018 10:12am Jul 25, 2018 10:12am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
M30 update 
Currently bear in control with last H4 support at 1.1661
Currently bear in control with last H4 support at 1.1661
Self discipline It is a practice
- #30,203
- Jul 25, 2018 10:12am Jul 25, 2018 10:12am
- | Membership Revoked | Joined May 2017 | 575 Posts
There were 2 huge EU Options 1.5 bn $ each sitting at 1.1700 and 1.1750 for today's NY cut at 10AM EST (14PM GMT). After they have expired EU went down. We have another 1 bn Option for Thursday's cut at 1.1700. So, expect selling at 1.1730-50 and buying at 1.1650-70 until Thursday, unless those S/R are taken out. I personally think 1.1650 barrier will be taken out sooner than latter and we go right to the 1.1500 support. Time will tell.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
- #30,204
- Jul 25, 2018 10:13am Jul 25, 2018 10:13am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Hi Guys,
We have had 3 days of lower highs. The powers that may be, have played this last short to the T -1.17114 ish, just a few pips short from yesterdays high. I got in on this one by the way with a short scalp, something I normally don't do, I guess this lovely thread is having its effect on me
. Significant for me is that 1.1660 is driving bears back and I think Ata has touched on this a few times. If bears really want to do this they need to break the low from yesterday at 1.1654 ish and convincingly.
Having said 3 days of consecutive lower highs and lower lows could well spell a reversal tomorrow to the upside. Co- incidentally reversal Thursday tomorrow for me.
Patience and more patience.
Tight lines.
Cheers
We have had 3 days of lower highs. The powers that may be, have played this last short to the T -1.17114 ish, just a few pips short from yesterdays high. I got in on this one by the way with a short scalp, something I normally don't do, I guess this lovely thread is having its effect on me
. Significant for me is that 1.1660 is driving bears back and I think Ata has touched on this a few times. If bears really want to do this they need to break the low from yesterday at 1.1654 ish and convincingly.Having said 3 days of consecutive lower highs and lower lows could well spell a reversal tomorrow to the upside. Co- incidentally reversal Thursday tomorrow for me.
Patience and more patience.
Tight lines.
Cheers
Trade to trade another day
- #30,209
- Jul 25, 2018 10:25am Jul 25, 2018 10:25am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
Early today i said that the high volume/activity on tops might well be considered as short building.
Every new high had high activity. except at between LO and US. There i would consider no buiying interest, and note this area above psicological round number 1.7000.
Then US tooke the price up to "download" a huge short...
last 2 candles of this charts is profit taking...and stopping volume, just over the previous buy area (demand zone).
this doesn't mean that direction has change... we have to search for new hints.
See you tomorrow,
stay green, not purple.
Every new high had high activity. except at between LO and US. There i would consider no buiying interest, and note this area above psicological round number 1.7000.
Then US tooke the price up to "download" a huge short...
last 2 candles of this charts is profit taking...and stopping volume, just over the previous buy area (demand zone).
this doesn't mean that direction has change... we have to search for new hints.
See you tomorrow,
stay green, not purple.
If you don't know how to earn money, don't loose it.
- #30,210
- Jul 25, 2018 10:27am Jul 25, 2018 10:27am
- Joined May 2011 | Status: Trader | 1,577 Posts
{quote} My first short was based on the top set of arrows. Added quite a few more mini lots based on second set of arrows below the first set. Same sl and tp, we are range trading now so I may tp and reverse at my target. {image}
Alas, hindsight is 20/20.
Ecclesiastes 1:9
- #30,211
- Jul 25, 2018 10:31am Jul 25, 2018 10:31am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
Self discipline It is a practice
- #30,213
- Jul 25, 2018 10:35am Jul 25, 2018 10:35am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Early today i said that the high volume/activity on tops might well be considered as short building. Every new high had high activity. except at between LO and US. There i would consider no buiying interest, and note this area above psicological round number 1.7000. Then US tooke the price up to "download" a huge short... last 2 candles of this charts is profit taking...and stopping volume, just over the previous buy area (demand zone). this doesn't mean that direction has change... we have to search for new hints. See you tomorrow, stay...
Posted elsewhere. " This afternoon's action.....Yest Cls / DP held again after US Opn, then price went up to a new high with higher volume around the highs before that support area was broken in a red HV WRB.
Chop for awhile before another WRB on a UHV push down that hit that price projn around the European close...
"Attached Image (click to enlarge)
Trading Levels with WRBs
- #30,214
- Jul 25, 2018 10:38am Jul 25, 2018 10:38am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
{quote} Good to know that at least one poster here watches volume - and thus the activity of the SM
LOL
If you don't know how to earn money, don't loose it.
- #30,215
- Jul 25, 2018 10:47am Jul 25, 2018 10:47am
- Joined May 2014 | Status: Full Time Trader | 27,109 Posts
Focus only on what truly matters!
- #30,219
- Jul 25, 2018 10:53am Jul 25, 2018 10:53am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #30,220
- Jul 25, 2018 10:55am Jul 25, 2018 10:55am
- Joined Sep 2017 | Status: Trader | 11,226 Posts | Online Now
