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EURJPY | Market Footprint Chart

  • #21
  • Oct 27, 2020 12:14pm Oct 27, 2020 12:14pm
Quoting tiborf71
{quote} who trades with the jpy group based on correlation its problem is the high volatility of gbpjpy.
Yen pairs bulls are struggling, I think yen pairs buys are out till the election is over.
I will tear the world apart for you.
  • #22
  • Oct 29, 2020 3:11am Oct 29, 2020 3:11am
Quoting collosangy05
EURJPY, Awesome asset to trade coz when it moves it moves and when it stalls it tells u early enough that today is not the day. Trends can develop as early as Monday and go throughout the week. A good litmus test is EURGBP. Which moves quite fast then EJ does the catch up. With such you can decide to bail or stay in the move. I like it coz my strategy works absolutely well with it. I know when its stalling or ready to trend. Normally it moves between 80-120 pips on a good day and 50-70 on bad days. Those are good moves. You need a good platform...


What moves how fast you can see here (from my own trading database). Period is taken over the last
5 months to stay out of the early covid months. Timeframe Daily.
EURJPY is obviously more steady (33% difference - green is low risk).
Max Avg Factor shows how much the biggest move was compared to the average (wild swings?)
EURJPY has also less/little risk.
APM/AC is the Average Period Move (not Range) divided by the Average Close. In other words,
how much does a pair move in a day. So EURJPY makes bigger moves than EURGBP.
In short. great pair to trade!
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPJPY.PNG Size: 14 KB
  • #23
  • Edited Oct 30, 2020 2:28am Oct 29, 2020 9:15am | Edited Oct 30, 2020 2:28am
Decision point yet again seating on support and some signs of absorption. If the VPOC goes then some upside is coming remember to check the daily timeframe. So shorts need to be squeezed but before that wait for the pinch point before some upside. I prefer seeing it happen later during London Open but its what i call Trap and Go. Fake out the lows trap Breakout shorts and go parabolic to the upside. Elections coming soon. Good day and good trading.


A 16 tick zone might play a dirty zone for fake outs. Its actually positioned well coz above those prices we have some lows that need to be cleaned out Capping Prices
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 88 KB


We have two scenarios to play for. The VPOC getting taken out or the fake out for the lows. Failed
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 69 KB




First VPOC failed but the prices i indicated earlier capped prices and lets see how it works out. Very small risk 16 ticks Loss for a 100+ move. Meets my rules
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.png Size: 82 KB
15 min entry 121.79 long
Titan Black
  • #24
  • Oct 29, 2020 9:34am Oct 29, 2020 9:34am
Quoting fxke62
{quote} What moves how fast you can see here (from my own trading database). Period is taken over the last 5 months to stay out of the early covid months. Timeframe Daily. EURJPY is obviously more steady (33% difference - green is low risk). Max Avg Factor shows how much the biggest move was compared to the average (wild swings?) EURJPY has also less/little risk. APM/AC is the Average Period Move (not Range) divided by the Average Close. In other words, how much does a pair move in a day. So EURJPY makes bigger moves than EURGBP. In short. great...
Good data. Keep logging them you come to realize a pattern if you haven't already done so.
Titan Black
  • #25
  • Oct 30, 2020 2:30am Oct 30, 2020 2:30am
If my plan fails then we have more downside to clear the poor lows at 120.26
Titan Black
  • #26
  • Oct 30, 2020 3:00am Oct 30, 2020 3:00am
Thank you collosangy05,am following your analysis,i open pending stops at this levels.
  • #27
  • Oct 30, 2020 2:22pm Oct 30, 2020 2:22pm
Trade closed 54 pips. Took too long to move. Wasn't happy. Besides its Friday. The move was quick to clear some shorts. But the rejection was even worse after hitting resistance. So trade closed.
Titan Black
  • #28
  • Oct 30, 2020 2:26pm Oct 30, 2020 2:26pm
Quoting libalamps
Thank you collosangy05,am following your analysis,i open pending stops at this levels.
How did your trade go. The levels were right to the pip before the reversal. Lol. EJ is just good. The issue is the trade took too long to play out. And a stupid rejection at the top but it finally played out to FTA. First trouble area. I trimmed some but got stopped at breakeven so im out for 54 pips.
Titan Black
  • #29
  • Nov 1, 2020 5:43am Nov 1, 2020 5:43am
I prefer it because all of my strategies have been effective and makes it worth it. Thank you for the update and you can please keep on giving more updates. There are times when I am not able to see the whole picture of a footprint while I am doing it on my own. When I see it through someone's eyes I am able to come up with two distinct trading plans.You have done very good analysis of the footprint and form the look of it I will be able to make some profit over the week. The trend does not usually change that much as we know so it is effective in this kind of situation. I am always observing the footprint for any significant changes.
  • #30
  • Nov 1, 2020 7:59am Nov 1, 2020 7:59am
The footprints keep you out of bad trades. Makes you stay patient as you wait for the kill. For example, i can never enter a trade when the time and volume are so low. Why should i put my self in so much pain and being in the negative. It also keeps you from having stupid stop loses. Besides the beauty is you can leverage and size well. Imagine if u see buyers pop into the market and the invalidation is 2 ticks away. Why not leverage. See the levels i identified early see how they capped prices on Friday. You can make money with something simple
Titan Black
  • #31
  • Nov 1, 2020 8:00am Nov 1, 2020 8:00am
I still feel EJ will rally but lets wait and see
Titan Black
  • #32
  • Nov 1, 2020 7:55pm Nov 1, 2020 7:55pm
Quoting collosangy05
I still feel EJ will rally but lets wait and see
Great information. Curious how the EU could rally if they are shutting down everything?
  • #33
  • Nov 1, 2020 9:56pm Nov 1, 2020 9:56pm
Remember markets are irrational
Titan Black
  • #34
  • Nov 2, 2020 12:12am Nov 2, 2020 12:12am
Quoting collosangy05
Remember markets are irrational
I would really like to see some clarification with VOLUME used in Forex.
In forex we do not see volume since there is no centralized trading desk- so the only volume you see if from your broker.
Any comments?
  • #35
  • Edited 1:46am Nov 2, 2020 12:33am | Edited 1:46am
Quoting peterhenders
{quote} I would really like to see some clarification with VOLUME used in Forex. In forex we do not see volume since there is no centralized trading desk- so the only volume you see if from your broker. Any comments?

You are right. But tick data is quite accurate. Check this article out

“Why Is Tick Volume Important To Monitor?” by Global Prime Forex

https://link.medium.com/i1WnN4T14ab
Titan Black
  • #36
  • Nov 2, 2020 5:35am Nov 2, 2020 5:35am
this is my quick look in EJ Daily TF. A high chance for abc bullish to complete as the support zone looking so clear. or to be safe, wait for breakout from resistance zone
Attached Image (click to enlarge)
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ForexCriminal
  • #37
  • Nov 2, 2020 6:14am Nov 2, 2020 6:14am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 95 KB

Feeling Bullish. EJ Respecting the levels and bullish vpoc. seems like some upside might be coming. But its all about probabilities.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 90 KB
Titan Black
  • #38
  • Nov 2, 2020 6:33am Nov 2, 2020 6:33am
Quoting ancnugget
this is my quick look in EJ Daily TF. A high chance for abc bullish to complete as the support zone looking so clear. or to be safe, wait for breakout from resistance zone {image}
I think if Ej is to go that low then it has to clear those lows at the bottom of your rectangle. So much liquidity seating around that zone. If not then probably it will be choppy for a while building momentum
Titan Black
  • #39
  • Nov 2, 2020 6:52am Nov 2, 2020 6:52am
always expect the unexpected. price could touch and go without any momentum. use lower tf for confirmation
ForexCriminal
  • #40
  • Nov 2, 2020 7:26am Nov 2, 2020 7:26am
Quoting ancnugget
always expect the unexpected. price could touch and go without any momentum. use lower tf for confirmation
Game of probabilities.
Titan Black
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