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Price Actions- EurUsd

  • #1,321
  • Apr 25, 2019 1:25am Apr 25, 2019 1:25am
Quoting abajiga
we coming closer to our entry sell position here {image}
only at the green zone we come in....
Time Is Money
  • #1,322
  • Apr 25, 2019 3:54am Apr 25, 2019 3:54am
Quoting abajiga
we coming closer to our entry sell position here {image}
mapped this one out last night, but didnt think was good as others.
Are you favouring this over EURGBP long now?

Have you seen USDJPY, it has come right back down again!
  • #1,323
  • Apr 25, 2019 6:25am Apr 25, 2019 6:25am
Quoting oblong
{quote} mapped this one out last night, but didnt think was good as others. Are you favouring this over EURGBP long now? Have you seen USDJPY, it has come right back down again!
Yep, usdjpy got thrown back to where it came from....
I see eurgbp is coming to the buy zone and it is the only pair wants to give some money for now.
Wait for the market to come into the green zone and buy....
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.SBM1.png Size: 33 KB
Time Is Money
  • #1,324
  • Edited 6:53am Apr 25, 2019 6:42am | Edited 6:53am
Quoting abajiga
{quote} Yep, usdjpy got thrown back to where it came from.... I see eurgbp is coming to the buy zone and it is the only pair wants to give some money for now. Wait for the market to come into the green zone and buy.... {image}
What is the reason for the EURGBP being a US Open trade, I cant see anything obvious?

opps...Im already long on EURGBP (about 30 mins ago) and gone long on EURCAD about 15 min ago (both were last nights picks) see how they play out.
Will take the EURAUD short as well

Think its worth to start looking at USD pairs and shorting the dollar. The Dollar Index is quite high now.
  • #1,325
  • Apr 25, 2019 6:44am Apr 25, 2019 6:44am
I gone in euraud sell around 1.59130
Time Is Money
  • #1,326
  • Apr 25, 2019 8:35am Apr 25, 2019 8:35am
Quoting abajiga
I gone in euraud sell around 1.59130
came out with +24pips profit
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.SBM1.png Size: 48 KB
Time Is Money
  • #1,327
  • Edited 10:21am Apr 25, 2019 9:19am | Edited 10:21am
Quoting abajiga
{quote} came out with +24pips profit {image}
nice..im still in, up 14 pips at moment, reckon this support level of 1.58840ish will break...will give the other two trades until 7pm

I cant understand what was the reason for the EURGBP being a US Open trade, I cant see anything obvious on timings?
  • #1,328
  • Apr 25, 2019 9:53am Apr 25, 2019 9:53am
Quoting oblong
{quote} nice..im still in, up 14 pips at moment, reckon this support level of 1.58840ish will break...will give the other two trades until 7pm So I understand what was the reason for the EURGBP being a US Open trade, I cant see anything obvious on timings?
time is there...the news is just catalyst
Time Is Money
  • #1,329
  • Edited 10:22am Apr 25, 2019 10:12am | Edited 10:22am
Quoting abajiga
{quote} time is there...the news is just catalyst
Sorry mate my previous post didnt make sense, meant to say

I cant understand what was the reason for the EURGBP being a US Open trade, I cant see anything obvious on timings?


Are you reffering to the rise on the 23rd April in grey box?

Wouldnt make sense though as following day there was no demand and price was lower.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.JPG Size: 180 KB
  • #1,330
  • Apr 25, 2019 11:50am Apr 25, 2019 11:50am
Quoting oblong
{quote} Sorry mate my previous post didnt make sense, meant to say I cant understand what was the reason for the EURGBP being a US Open trade, I cant see anything obvious on timings? Are you reffering to the rise on the 23rd April in grey box? Wouldnt make sense though as following day there was no demand and price was lower. {image}
Some people see it as overbought, because the price is too high and no sign of buying further. The time at which it created the highest also did not get breached plus the market moved in a long Buy trend stretch. Based on that after years of watching this graphs, my eyes becomes accustomed to those kind of prices and set-ups. That’s why you need to practice a lot of hours on empty charts and make sense of turning points in the market. Eventually trades like these becomes second nature. So I would advice to go through a lot of plain charts and try to draw few lines and track the price behaviour over a period of time. Always make notice of some significant changes or how price reacts at different trading sessions take place.
Time Is Money
  • #1,331
  • Apr 25, 2019 11:58am Apr 25, 2019 11:58am
Quoting abajiga
{quote} Some people see it as overbought, because the price is too high and no sign of buying further. The time at which it created the highest also did not get breached plus the market moved in a long Buy trend stretch. Based on that after years of watching this graphs, my eyes becomes accustomed to those kind of prices and set-ups. That’s why you need to practice a lot of hours on empty charts and make sense of turning points in the market. Eventually trades like these becomes second nature. So I would advice to go through a lot of plain charts...
Try to create scenarios where you can remember some set-up especially the end of a long trend, ranging prices and in spikes. See how the market slowly unfolds and follow them up based on days (time)
Time Is Money
  • #1,332
  • Apr 25, 2019 11:58am Apr 25, 2019 11:58am
Quoting abajiga
{quote} Some people see it as overbought, because the price is too high and no sign of buying further. The time at which it created the highest also did not get breached plus the market moved in a long Buy trend stretch. Based on that after years of watching this graphs, my eyes becomes accustomed to those kind of prices and set-ups. That’s why you need to practice a lot of hours on empty charts and make sense of turning points in the market. Eventually trades like these becomes second nature. So I would advice to go through a lot of plain charts...
cool, so this move was more was based more on US traders coming in buying up slowly instead of big boys meeting demand, is that fair summary?
Just as well you didnt take this one today as it has hardly moved since US open, i suppose clue was yesterdays US session compared to 23rd session....any chance you can dump your trading memory down onto a USB stick so i can recognize these setups!
  • #1,333
  • Apr 25, 2019 12:00pm Apr 25, 2019 12:00pm
Shame we didnt reverse trade this USDJPY yesterday....it was an I.C.M. in the making....these setups i remember :-)
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.JPG Size: 170 KB
  • #1,334
  • Apr 25, 2019 12:02pm Apr 25, 2019 12:02pm
Quoting abajiga
{quote} Try to create scenarios where you can remember some set-up especially the end of a long trend, ranging prices and in spikes. See how the market slowly unfolds and follow them up based on days (time)
The secret of everything in this business is TIME. Once you clock how the market reacts with different time, then you will get around it. There is nothing else you need to know if you understand price with time. All indicators are a waste in trading. The more you spend studying indicators and try to code them, the more wasteful you will be in trading real time. I've never come across indicators that actually work.
Time Is Money
  • #1,335
  • Apr 25, 2019 12:08pm Apr 25, 2019 12:08pm
Quoting oblong
Shame we didnt reverse trade this USDJPY yesterday....it was an I.C.M. in the making....these setups i remember :-) {image}
I didn't even go after it or look after it. Once I trade a pair, I will leave it a lone to come back again in another circle that I will recognise it. Unless the market still is moving in the direction of the target and the target hasn't been achieved, then I can re-enter in an acceptable position to take me to the target.
Time Is Money
  • #1,336
  • Apr 25, 2019 12:12pm Apr 25, 2019 12:12pm
Quoting abajiga
{quote} I didn't even go after it or look after it. Once I trade a pair, I will leave it a lone to come back again in another circle that I will recognise it. Unless the market still is moving in the direction of the target and the target hasn't been achieved, then I can re-enter in an acceptable position to take me to the target.
For example...tomorrow we still got euraud to sell again. We will wait during Asian open, if I get a good entry, I will re-enter again for a sell (target is yesterday's lowest price)
Time Is Money
  • #1,337
  • Apr 25, 2019 12:12pm Apr 25, 2019 12:12pm
Quoting abajiga
{quote} The secret of everything in this business is TIME. Once you clock how the market reacts with different time, then you will get around it. There is nothing else you need to know if you understand price with time. All indicators are a waste in trading. The more you spend studying indicators and try to code them, the more wasteful you will be in trading real time. I've never come across indicators that actually work.
Yeah ive dropped them alltogether apart from the coloured vertical bars to highlight different trading sessions.
Must admit I find it hard to find trades based on demand and supply zones.

For example trying to find ones like the one in picture EURAUD which is strong demand in Asia are hard to come by.
We should be loooking to go long when it gets back to this level in Asia right?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.JPG Size: 170 KB
  • #1,338
  • Apr 25, 2019 12:14pm Apr 25, 2019 12:14pm
Quoting oblong
{quote} Yeah ive dropped them alltogether apart from the coloured vertical bars to highlight different trading sessions. Must admit I find it hard to find trades based on demand and supply zones. For example trying to find ones like the one in picture EURAUD which is strong demand in Asia are hard to come by. We should be loooking to go long when it gets back to this level in Asia right? {image}
No, this one you should never buy, it's a sell through out. Wait to go up during Asian open and sell again.
Time Is Money
  • #1,339
  • Apr 25, 2019 12:17pm Apr 25, 2019 12:17pm
Quoting abajiga
{quote} No, this one you should never buy, it's a sell through out. Wait to go up during Asian open and sell again.
my bad not explaining it very well along with my fat thumbs dont help.

I meant we would look to buy again in green zone during an Asia session, possibly in next couple of days as it was stong demand area?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.JPG Size: 168 KB
  • #1,340
  • Apr 25, 2019 12:21pm Apr 25, 2019 12:21pm
Quoting oblong
{quote} my bad not explaining it very well along with my fat thumbs dont help. I meant we would look to buy again in green zone during Asia as it was stong demand area? {image}
Nah, no go zone for buy on that pair. That pair can go further down
Time Is Money
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