no 2 laws of wyckoff : cause and effect
The Average Discount Everything
- #131,961
- Edited 7:30am May 11, 2021 7:04am | Edited 7:30am
- Joined Dec 2012 | Status: Trader | 4,711 Posts
- #131,962
- May 11, 2021 7:07am May 11, 2021 7:07am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #131,963
- May 11, 2021 7:33am May 11, 2021 7:33am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
Another day, another dollar.
- #131,964
- May 11, 2021 8:09am May 11, 2021 8:09am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #131,965
- May 11, 2021 8:12am May 11, 2021 8:12am
- Joined Jul 2007 | Status: Trader | 3,577 Posts
...because you never know - until you do!
- #131,969
- Edited 8:57am May 11, 2021 8:32am | Edited 8:57am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
- #131,970
- May 11, 2021 8:44am May 11, 2021 8:44am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Trying a small short @ 2155
I myself have another setup for 2159. Wont take it, Im full.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #131,974
- May 11, 2021 9:52am May 11, 2021 9:52am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} Pic 1 15 min: Nice perfect and quick bounce as expected, with this confirmation now I believe we will close today around 1.2215. Pic 2 is my weekly chart: Let's see if we close the weekly above 1.2242 ... Edit: pic 1 and 2 swapped for whatever reason {image} {image}
Yes please! That would be very very nice. I so hope that what you believe comes to fruition !For now, I just need more closings above 70. At least a shift up of the range would make a big difference for my positions. But Ill take what I can get happily (a little less happily
)In my view, at this point, the longer it stays under 70s, the more chances it will continue ranging in the .21s and for even longer. I have a few time sensitive entries.
Not the ideal scenario for many of my trades, but expected...
Please let Kyuu s view become reality and make my week shorter
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #131,975
- Edited 10:20am May 11, 2021 9:56am | Edited 10:20am
- Joined May 2014 | Status: Alive | 523 Posts
A truly remarkable day. Massively out of synch with the market. Blew up demo account.
On a positive note, I made 7% on real money account with 30/30 Ops in profit. I started on it only after the rise from the low that got the demo in trouble and held tight without over leveraging through all the ensuing up and down.
From here, I think it's down to 1.21 but I ain't betting real money on it.
PS. Check out the triple higher highs yesterday and today. That, plus I don't recognize the low as a reversal point. Hence, down to 1.21 about.
PPS. That said, it's a difficult call. Get the impression they're really fighting it out to move it one way or the other. The up from today's low is what screwed everything up; it was overextended and got some to think they could, and can, cut the correction short and resume the up while others are still with taking it further down before resuming.
In actuality it's the up Friday that messed up everything. The conventional thing would have been to go down in a classic three wave correction, instead it went up. On the other hand that does suggest significant up momentum. The up trend is unquestioningly very much alive. A move down to 1.21 would allow those who were surprised by Friday's up (evidently not just me) to get back on the up train at good prices. That's what is going on.
On a positive note, I made 7% on real money account with 30/30 Ops in profit. I started on it only after the rise from the low that got the demo in trouble and held tight without over leveraging through all the ensuing up and down.
From here, I think it's down to 1.21 but I ain't betting real money on it.
PS. Check out the triple higher highs yesterday and today. That, plus I don't recognize the low as a reversal point. Hence, down to 1.21 about.
PPS. That said, it's a difficult call. Get the impression they're really fighting it out to move it one way or the other. The up from today's low is what screwed everything up; it was overextended and got some to think they could, and can, cut the correction short and resume the up while others are still with taking it further down before resuming.
In actuality it's the up Friday that messed up everything. The conventional thing would have been to go down in a classic three wave correction, instead it went up. On the other hand that does suggest significant up momentum. The up trend is unquestioningly very much alive. A move down to 1.21 would allow those who were surprised by Friday's up (evidently not just me) to get back on the up train at good prices. That's what is going on.
Practitioner of the cryptic trading arts
- #131,976
- May 11, 2021 10:00am May 11, 2021 10:00am
{quote} !!
Zoom in to the previous 4h candle just now, we broke above probably the broken support line again triggering short stops and getting people to go long. Then we had the drop where I entered long at 1.21497
If we don't get a fast jump within the next 1 hour, I will most likely be wrong. We'll see
- #131,978
- May 11, 2021 10:05am May 11, 2021 10:05am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #131,979
- May 11, 2021 10:12am May 11, 2021 10:12am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #131,980
- May 11, 2021 10:20am May 11, 2021 10:20am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!