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  • #93,621
  • Aug 16, 2019 10:36am Aug 16, 2019 10:36am
Quoting LCForex
{quote}[/b] Of course! he asked, did what move the market? I said BOTS!
yea but bots reacted to the news
  • #93,622
  • Aug 16, 2019 10:37am Aug 16, 2019 10:37am
Quoting LCForex
{quote}[/b] Of course! he asked, did what move the market? I said BOTS!
Sure buddy.. just wanted to add some thoughts next to yours..

Stay Green
Focus only on what truly matters!
  • #93,623
  • Edited 10:53am Aug 16, 2019 10:38am | Edited 10:53am
Quoting 5astelija
I wonder what caused that spike... Mario Draghi forgot the decimal point out of his long order?
Sharp wave 6 and the primary sequence of all waves. Nothing to do with humans or our behavior.
It has it's own laws and nothing out here seems to have any effect on it. No news every changed it.
No event ever altered the sequence or stopped waves unfolding according to the primary sequence.
It's a paradox.
Founder of Sutherland Wave Principle
  • #93,624
  • Aug 16, 2019 11:58am Aug 16, 2019 11:58am
I haven't been very active. Family stuff. I keep tabs here though, always good reads. Got some good sells in this week. Everyone have a good weekend.
  • #93,625
  • Aug 16, 2019 12:16pm Aug 16, 2019 12:16pm
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now id say buy but its friday i'm in anyway close before eod
  • #93,626
  • Aug 16, 2019 1:09pm Aug 16, 2019 1:09pm
Hi Guys,

Subtle little indications that Usdx wants to break out of it's 5 day upward trajectory. A daily close below 97.983 surely could be a starting point for Eu bulls. Anyway early days and no entry right now.

Cheers.
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Trade to trade another day
  • #93,627
  • Aug 16, 2019 1:36pm Aug 16, 2019 1:36pm
Quoting ziggybowie
{image} now id say buy but its friday i'm in anyway close before eod
closed
  • #93,628
  • Aug 16, 2019 1:46pm Aug 16, 2019 1:46pm
I could easily see this run up to 1.1120 before eod, just to mess with people...
  • #93,629
  • Aug 16, 2019 2:31pm Aug 16, 2019 2:31pm
Bullish engulfing candle on the 4hr, possible quasimodo pattern forming on the 1hr and lower timeframes. This should jump up on Monday before probably crashing down to 1.105x later.
  • #93,630
  • Edited 2:57pm Aug 16, 2019 2:37pm | Edited 2:57pm
Quoting MXT
{quote} yea but bots reacted to the news
80% of the market is technical which is why support and resistance, fibs and pivots etc often work to within 2 pips. The news only accounts for 20% but it can nudge the market when it can not make a decision. About once every 10 years we get some devastating fundy which will wipe out the technicals and cause a landslide. Then techs are useless like the 2008 crash. So for most of the time you can trade profitably on tech and never look at any news which is why Bots work quite well.

Most institution bots are high frequency stress bots. Most of the time they do nothing but when the market moves more than its quescencent state the bots kick in and ferociously counter trade.
  • #93,631
  • Aug 16, 2019 3:37pm Aug 16, 2019 3:37pm
Quoting Mitiblotch
Bullish engulfing candle on the 4hr, possible quasimodo pattern forming on the 1hr and lower timeframes. This should jump up on Monday before probably crashing down to 1.105x later. (emphasis added)
You technically need to wait for the close to do a proper analysis of Price and Volume, so I'm starting this a bit early.....

Attached Image (click to enlarge)
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If the Market closes as it appears, today's interval is a Test. The interval is a DOWN interval that closes near its high on volume less than the previous two intervals. We can see that today's interval traded into the area of the Buying Tail of the Ultra High Volume ShakeOut. Thus, where we once saw high volume we now see little volume.

Note the Blue and Red numbers above and below the candles.

The Blue numbers indicate how many candles were involved in the rally: 3.
The Red numbers indicate how many candles it took to retrace the distance of that rally: 8.

With the number of Red candles being greater than the number of Blue candles, this indicates there's more of something (DEMAND) supporting prices as they fall, then there was of something (SUPPLY) resisting prices as they rose.

In order to confirm the Test, the next interval (Sunday/Monday) needs to be UP. Accordingly, I agree that we should jump UP on Sunday/Monday. The aggressive trader could buy Sunday's open rather than wait for confirmation...
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #93,632
  • Aug 17, 2019 1:11am Aug 17, 2019 1:11am
Quoting HiddenGap
{quote} You technically need to wait for the close to do a proper analysis of Price and Volume, so I'm starting this a bit early..... {image} If the Market closes as it appears, today's interval is a Test. The interval is a DOWN interval that closes near its high on volume less than the previous two intervals. We can see that today's interval traded into the area of the Buying Tail of the Ultra High Volume ShakeOut. Thus, where we once saw high volume we now see little volume. Note the Blue and Red numbers above and below the candles. The Blue numbers...
Fine analysis. I agree.
  • #93,633
  • Aug 17, 2019 2:22am Aug 17, 2019 2:22am
Quoting HiddenGap
{quote} You technically need to wait for the close to do a proper analysis of Price and Volume, so I'm starting this a bit early..... {image} If the Market closes as it appears, today's interval is a Test. The interval is a DOWN interval that closes near its high on volume less than the previous two intervals. We can see that today's interval traded into the area of the Buying Tail of the Ultra High Volume ShakeOut. Thus, where we once saw high volume we now see little volume. Note the Blue and Red numbers above and below the candles. The Blue numbers...
I agree with your opinion... And i do this.
  • #93,634
  • Aug 17, 2019 4:07am Aug 17, 2019 4:07am
Bullish scenario: possible butterfly on daily chart with point D being 1.1350
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ex nihilo
  • #93,635
  • Aug 17, 2019 4:38am Aug 17, 2019 4:38am
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What's that smell? ---- I smell money!
  • #93,636
  • Aug 17, 2019 6:59am Aug 17, 2019 6:59am
H1 Status Update

For my followers: Momentarily the picture on H1 is still bearish.. we need more data and especially a clear break above GREEN line that also has enough bull pressure to keep candles above Dashed-BLUE TL.. No rush!

*If you read my explanations on chart below you will easily understand my logic..

Stay Green
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Focus only on what truly matters!
  • #93,637
  • Aug 17, 2019 8:40am Aug 17, 2019 8:40am
Quoting ayankeng
{quote} SL : 1.114755 Target : 1.10869
Close for the trade for the week @ 1.10869

Green for the week again.

Stay green everybody....
  • #93,638
  • Aug 17, 2019 3:10pm Aug 17, 2019 3:10pm
Prelim Algo Bot forecasting shows nothing has changed. Euro still very bearish. Last week we dropped just over 100 pips and bot is calling for the similar. Monday is short after a London Open pop up, Tuesday might be long not sure yet. Thurs and Friday will take out the recent weekly low which means we could crash hard so many are trying to support that level and it looks like its going to fail big time. Its been months since euro move +150 in a week i think its due.

More accurate for my own trades i need sunday open prices. Will update when i know. Also Bot identified mid september for long weeks mmm that's interesting. But like the weather its too far out to know yet.
  • #93,639
  • Edited 4:25pm Aug 17, 2019 3:42pm | Edited 4:25pm
Every retailer and their mother is long. Uh-oh...
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A snails pace wins the race :-)
  • #93,640
  • Aug 17, 2019 4:15pm Aug 17, 2019 4:15pm
Bit of fib play
(won’t give too much away on here)
target around 1.1370 also a nice structure level providing the bulls turn up and break the TL
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