£ Journal

Yep, i got caught like a small fish here Let's see where big whales are swimming.

Questioning myself, do we have this rise driven by cable or/and us, or it's more due to jpy. Who's buying Cable? Wondering witch number will go first, anyway to be on long side is too dangerous for me even if it's obvious.

for what i see... it's a fucking situation:
UJ rising
Ucad rising
gold bouncing off support
EU+GU rising
main crosses JPY rising like rockets
Uchf stable around .90-.91
Nzd+Aud/usd fucked.

in 5 years, i never saw all these happening in the same time!!

the more i watch the charts... the more i think "WTF!!"

http://www.bankofengland.co.uk/publi.../2013/182.aspx

Was playing around P&F, if i'm doing it correctly price objective should be around 1.618, if we wont make even lower at the moment, i mean 11 O's down, if more down, will need to recalculate PO

update, P&F created 14 O's down, so PO would be at 1.6135 tho looking at other heavily used tools on chart: weekly pivots and fib levels, this target does not fit very good, at least visually (4h tf). Will add supply and demand zones later for comparison.

Another one, Supply and Demand. Tho my charting can be not very accurate.
Explanation on chart.


How else could we slice this pair? maybe with TL's?

Nothing much to add with these TL's, if A line will not hold then we have line B, and only after that we could see line C witch is somewhere near that PO.
SL moved +10 pips. That's it. O's 15 already, this would make PO even lower.

Embrace yourself!!! If you still struggling to find best strategy that works, you no look further!!!

P.S. wanted to create new thread about this, but... eh never mind, it's Friday.

Its four years mate, do you still trade bro?

looks like a fish market on eurusd
question is - tuna or shark