Entry Unholy

first two weeks of Feb, 1st was a strong bear, snd was a range, is this a range for accumalation? If yes, prices could go back to 1460 about...

if this is a range for continuation we could have another leg down..

If think next Monday and Tuesday can give better clues...

I still think that we need a change on fundamentals to break the range. Since October there was not any monthly close below 1.13.
End of 2018 marks the slowdown of Europe economy and markets fully price the fact that there won't be any ecb hike for next 12 months.
On the other side since January fed has been telling markets that there will a pause in fed fund hike (and that maybe fed fund could have reached the target) and markets don't price any hike till next year. So I don't know if we have reached a balance level but from monetary policies it's quite the same on both sides now.
So any data showing inflation going up in US or that the slowdown in Europe was temporary could trigger a move out of the range (back above 1.16 or below 1.12)
Well that only my opinion and I must say it won't really help for trading next week.. Market will show us what it's their fair price.

Interesting....personally I only trade in the technical sense. Good luck with your trading.

Howdy all,,, been a bit swamped for several days will be for several more ,,,,, been bugging the hell out of me how to get some of these things across in a way tht resonates so every one can get there share of the pie even with out my dumb ass around or at least go with the higher probabilities in direction ,,something tht will keep a few posts coming in about direction and a few trades where every body is looking for trades some what similar and in the right direction in the thread ,,,,,JB was nice enough to let us use it ,,so lets make it a worth while experience no matter which of us here ,,,my self I dont worry much about being sttpped out I take trades tht are against a longer trend ot may only be in for a couple minutes on spikes back and forth ,,I just dont worry about shit because at the end of the day there isint very many I dont have a few shekels but trying to post them and watch them and to get the thought process across where every body makes a few is impossible ,, just the way it is

Been thinking on this from all the different angles I could think of ,, the strengths and weaknesses of our rag tag bunch here ,,Lcky has by far the neatest charts lol,,,to pick levels from .. Ole Z man is an old hand ,,him and myself have have always been on some what the same page as far as direction and it hasent just been here in the last few weeks months its been a few years Im glad this is an environment he posts a bit ,,maybe a different approach but in the same ball park ,, its from years of watching price ,,,few different tools used to get the same direction basically is what it boils down too ..

No denying my thoughts or approach is some what different ,, based more on what I have seen over the years as opposed to the way most are told it is supposed to be ,, the way it is supposed to work is mostly a bunch of bullshit ,, the market is much more practical than some believe ,,it really is just about levels ,,, its not guessing where it may go ,,, its about taking the higher probability trade based on where it has been and what is happening today regarding those levels as to where it may ,, based on who is winning ,,buyers or sellers the reasons dont matter ,,my thoughts on the reason dont matter ,,its what a chart is telling you is what matters,, How to get tht across in a way every one makes a few shekels a challenge for sure .. I have a few things I have chacked across several pairs tht works as far as the general direction

Starting with the eur ,, every one has seen charts posted previously,, but a quick run down on just the h4 chart as tht is one every one can get ,,just a couple averages a 200 sma and a 30 ema ,,that is nothing more than a weekly price average .. it has dropped from the quarterly open to almost what? a previous low ,,some shots off tht low area ,, still held in by the weekly average atm

On to the hourly ,,You always see me say ,,lets see how asia gets their 20 -25 pips ,,they usually dont get too far away from the open framkie and london come on line frankie sends it to the sup or res and london sells it or buys it up ,,been trending down so the sell offs come from above to try and put in a new low ,, and price has been chipping away at that low ,,nothing more nothing less ,,, go far enough left on a daily chart you will find the levels its working on chewing thru ,,hourly still looking for shts across a days range to keep poking tht low lower ,,however the last poke out of there was pretty strong ,, could be because it was Friday many closed for the week ,,its what the chart says at this point atm ,, hourly short from res which can be seen both on h4 and hourly,,,hourly has the weekly average and a 24 ema which is nothing more than a daily ave price and a 120 ema the weekly ave price ,,, one should know what their tools represent


On to the m15 ,, same levels plus an average which equates to a m1 200 ,, had the sell offs from res on H4 and H1 ,, with 2 patterns clearly visible opposite of each other price went to same level it was sold off from and it starting dribbling down ,,go figure huh ,, atm best support is going to be where ,,fridays high 1306 and fridays low 1232 ,,currently the short area was a tic or 2 above 13 with areas to watch for bounces being the levels around the averages below and of course the good chart level 1260,,, m15 2 patterns oppisite waiting to see if next shoulder is put in

If one drops down to a m 5 ,,the scaling is going to start to mess with ya ,,these mkts have an order to all the chaos one will see on a chart every day ,, ,,one dont have to guess ,, one is going to get maybe 2 entriy points to get the trip across the days range,, it is going to be either back and forth or more one sided 2 days a week in the eur usd when you get a more normal or what used to be normal 70 to 80 pips a day ,,thats is where the little list of daily givens comes in ,, one knows when the majority of the action is going to happen ,,one knows roughly how far and one knows when it is going to slow down ,,gonna add one to the eur usd ,, one pretty much knows how big asia s range is going to be most days ,,, it takes a big day from the day before fo them to do much beyond 25 or so ,,its just the way it is ,,one gets down to the m5 or m1 it can lead to over trading and seeing shit tht aint there ,, the big thing is tht weekly average then the previous daily highs and lows and mid points

One other pair thanx to Jp1 ,, the 4 hour and the hourly ,, it was stuck in a range most of the week with a break out friday ,,weekly ave was flat on the hourly one could have used the days open and mid points to be positioned to make a few shekels even tho the mkt was stuck in a range with the big clue coming in thursdays and fridays trading ,,, its about the chess match between levels ,,,, and it takes a bit for patterns and levels to come to fruition ,,, always a chess match between buyers and sellers ,,just throwing this in because it is one we have discussed a few times ,, I encourage all to check a few different pairs ,,even the big bad gbpjpy ,,these same things would have you looking the right way for the bigger chunks rolling with the mkt ,, or at the very least some damn good day trades to get your chunk during the day with your time then on too the next day or bump a stp up or down and lock some in and on too the next trade ,,,,,, one will find it is bit of history mixed with the here and now ,,what is happening today ,,out side of those then the next level picked from the daily chart by going left ,,,,,,,,, one only needs to worry about where something has been before ,,difficult enough with shit that works let alone wasting time calculating where it is supposed to go ,,, use the history ,,its already there lol dont need to make shit up , Its nice to catch a trade tht goes hundreds and hundreds of pips ,, but the money is made in the trenches with what is available day in and day out and learning little things to help one trade tht in a consistent manner evry day will blow the big shit out of the water ,,keep things in context ,,it will make a world of difference in what you keep and how you approach your job ,,,,,,,,,

Hey Rrracer if ya get a chance ,,check your futures chart the same way,,, may give you a few entries so you dont burn a bunch in commissions ,,,, way to maybe catch a couple of the bigger little daily swings to help ya keep a little more

What happened from mkt open ,, 1st line in the sand ,, price used it for support ,, it went where ? to fridays high ,,just a few tics above atm ,, weekly low up there yet ,,levels below ,, still bearish after all ,,, what does asia usually do 20 to 25 pips ,, what is the range so far,,,, 20 pips ,,I have 15 locked in I am at a previous daily high ,,if I wasent long ,,what would I be looking for ? these are the kinda things tht cross my mind ,,,, and I am already looking at levels that frankie and london could send it too ,,besides the previous days low or high ,,, we have the 1280 level ,,which is where what is roughly ,, the daily price ave ,,,, beyond tht is what,,, fridays low,,, which was a lower low ,,big whopping amount banked ,,nope,, but so far damn near everything that was available and a few levels marked for later when the blast of volume hits,,, the eur is still bearish after all ,,, it aint gonna turn on a dime ,,,, ,,gets above and holds tht weekly average then the picture changes ,,until then ,, pick you levels take your shots a cross the range based on what part of the day it is and what is happening in front of you ,,make decisions based on price and levels ,, not what you think looks good or what you think the mkt is going to do ,,what you think will not pay you ,,what the mkt shows you it is doing will ,,it aint always decided in a hit or 2 of a level it is after all what? A chess match between buyers and sellers ,,,most books ,, systems ,, and the whole damn ball of wax forget to include tht part of the equation,,, it is not a video game where there is cheat codes to get to the next level ,, ,,there is no givens other than our little list of givens ,,there is only the chess match between buyers and sellers ,billions and billions of dollars,,,, it is not a game ,, certain things get used over and over in all the chaos with higher probabilities ,,find them,, trade them,,, rinse and repeat ,,even the big boys need levels,,,, you want to correlate ,, what did gold do friday broke out to the upside towards a previous daily high area ,, when gold is going up what is the dxy doing most of the time ,,if the dxy is weak what are the other pairs doing ,,, see where this is going ,,,little things ,,clues etc ,, thats all we have,,,,, it aint aint a bunch of bullshit formulating and calculating of where it may go ,,we already have those level,, it is price and and a level tht is being bought or sold,,, the reasons dont matter

Nice long off last week's mid point man, I was busy setting up charts with some of these fancy MAs you've got and missed it lol. Too bad, a nice run for Asia...

Actually the 24 ema on hourly is one I told you to check every now and then a long time ago ,, probably years ago now ,, as stated was just going over a few things to help some with out the experience be on the right side a little more often ,,with some areas to takes shots at with a relitively tight stp loss area and also profit taking areas ,,things one can see or areas one can see on a chart tht get used by price as opposed to the bullshit that gets spewed about the guesstimates ,,few simpler patterns and a few levels is all the figuring one needs ,,doesent need to be complicated beyond tht regaurdless of what some preach and others sell because they cant trade in a real environment

really nothing fancy ,, just averages that mean something over all ,,and now every one knows what they represent lol

Cool man, I'll keep an eye on them, and appreciate the advice as always.

Asia just tested last week's open, watching closely for a short opportunity since I missed that as well... turns out trading goes better if you actually pay attention to what's happening lol...

and as mentoined ,, price went to where ,, that weekly level back there ,,, now when frankie and london come on line where might a spike go down too ,,we have todays open ,, fridays mid point ,,where there is now days of mid points in the same area ,,price has to at least get below something now ,,and be held in by one of them "fancy" levels lol,, we know price ripped off a previous quarterly area low ,, it could be tested again ,, but chances of it getting bought back up from a support level increasing as opposed to it getting sold off from a res level ,,,, ,,,,why is tht ,,, its been to the low ,, as off now it has held ,,, strong move up that has pushed it well above some levels,, not so much as in price but far enough, different things will probably transpire from sup and res levels ,, as in sup levels a little more likely to get bought as opposed to res levels getting sold ,, ,, its only monday tho ,, things interrupted by a week end but would buyers waste the chance or are sellers just gonna pile back in somewhere ,,could be tuesday wednesday fore one knows for sure by what patterns show and what levels are tested ,,atm its made it back to a weekly low area and just a level and knowing what usually transpires has one holding most of what was available so far since mkt open ,,and asia has out did themselves 36 pips so far ,,,,,, M1 showing the 3 nice hour candles heading up from where a hourly ave price on a m1 chart

Now if you look at your H4 ,, remeber the one candle pointed out a couple days ago now ,,, now look where them mid points are at in relation to that ,, also notice havent got to the last daily high area yet ,,one knows what happens if one shorts to hold before tht area tested

As stated before its nice when one can enter and a trade goes 100s of pips right off the bat ,,,, it seldom happens , and if it does ,,most turn around and give it right back because of no idea why they made what they made to begin with ,,,,,,,,,,,,,much more made in the trenches in the battles back and forth ,,and if one gets those down ,, the chances of being positioned right for the ones tht do go a ways increases dramatically,,, and a good portion of it has nothing to do with what most have been told about trading and how and what you must do to make your millions lol,,,, its not quite that simple

That one trade across the days range ,, in context day after day will make you your bundle ,, get so you can keep the majority of tht on a daily basis and your fortune will come ,,,,,, your gonna find out a lot of things about several different things including yourself on the journey ,,, slowly get them all balanced and in tune with some realistic visions of the mkt and one will start stepping towards their goal

FEEEuuuck was a long working week end ,,, this just little things I tried to remember as I done my what I am thing this week end ,, ,,little void of maybe some usual beverages partaken in lol,,, hope some can relate to a few things ,, it does help when you see it on a chart ,,and you will when you start looking for them ,,, does it make it easy,,, no ,,but it does with some practice start giving you something that is real and can be repeated over and over again minus a lot of stuff that is just bullshit ,,no other way to put it

. Cheers bud! Always appreciate ya.

Appreciate it bud ,, so many little things ,,, some simple and some not so simple ,, our little bunch here ,,each with most of the pieces in one way or another ,,just needs tied together in a way that works for each ,, , I want to see all do well ,,, not just get by,, or make a litte, but do well,, very well ,,whether certain ones around or not and certain ones have their days lol ,,,,so decisions in life dont have to made being influenced by a job ,, or lack of fiances etc etc ,, ,,, the means to change all that is right here in the mkts ,, for most it is the only way things could change drastically ,, learning how to get there one step at a time is a journey all must make with their own two legs,, seeing something on a chart play out ,,time and time again across a few different pairs will help in that dept ,,, its not easy ,, never will be ,, but it is doable ,,,, where this kinda money is available,, one should have a good idea right up front it is not going to be easy to reap what is actually available every day ,,,but it is doable and step by step ,, we all will keep pecking away towards tht goal

Morning guys and gals

I never had a 100 pips move on one trade since I have been trading lol...I wish I could lol