Daily Analysis of Majors

Values for 15/02/08 trading day

USDJPY-we bearish until 108.15 taken

108.94
108.15
107.85
107.32
106.90
106.66
105.42

EURUSD-we bullish until 1.4595 taken

1.4829
1.4649
1.4640
1.4595
1.4560
1.4530
1.4510

yesterday USDJPY trade was hit SL but it tested 108.35 and bounce.
im add EURUSD and try to find good values too for trade.

this info is for educational purpose, loss or gain not my responsebility.

what happened to this thread?

its souless cuz DRT bro is gone.

I've just been right through DRT's threads, the CBOT docs and have been playing with the Market Profile Indicators. In an effort to K.I.S.S. it seems to be identifying consolidation "zones". Price hops from one zone to the next.

Now, back to probabilities, it's far MORE probable that price will stay within a zone than stray very far from it. I remember from basic physics that electrons stay in their various orbits, although they can be forced to move (jump) from one orbit to the next. I guess even these orbits are really "zones" of positional probability where you're more likely to find an electron if you looked. It seems the same is happening with price. It's far more likely to be in a consolidation zone (don't we all know this) than stay for a long time outside it. If it does stray into "no man's land" it will either return or continue to the next Zone.

Guess I need to find a way to use Price Action and maybe the futures prices (never looked at these) to see if i can pre-guess where it's going to go.

Sorry if this is all totally obvious, just needed to summarise for my own clarification.

Yes, such a branch is abandoned, I like the name of the branch.
I give the thread for free, there is no moderator here.

You do not want? It's free.

Downtrend in oil and bitcoin.
The daily chart speaks volumes. Most likely, the American currency will still be strong against other currencies. Also, if we look at gold, we see a similar picture on the daily chart.

If we also consider the pound, the picture is similar, Biden's statements bear fruit. Confidence in the American economy is growing.
If there will be a change in trend, do not expect a sharp change in direction. There will be short-term pullbacks, even consolidations are possible. Time will show.
If we break through the level of 1.3197, the fall will continue. But for now, the bulls have a chance to try their luck. Just do not overdo it, finding the end of the trend is not rewarding.

Euro dollar began to consolidate.
The euro is stronger than the pound, therefore, next week, opposite directions are possible for the euro, the dollar, and the pound for the dollar.
Bottom level, euro dollar is at around 1.184. Most likely he will not reach it. Unlike the pound dollar.

Wunderwaffe

Wunderwaffe

Wunderwaffe