DislikedSo what do we do? Considering the Macro is sell, we may expect G$ to drop at DOL or drop after hitting the targets at Newyork session.Ignored
Trade the value
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DislikedSo what do we do? Considering the Macro is sell, we may expect G$ to drop at DOL or drop after hitting the targets at Newyork session.Ignored
Disliked{quote} Market intent was to rise but as we can see it failed many times since last week as can be seen in PWOL and previous DOL. This week it also failed to rise and dropped at WOL. Now yesterday was another try. Price is at buy hemisphere during Tokyo but our Macro is sell. So what do we do? Considering the Macro is sell, we may expect G$ to drop at DOL or drop after hitting the targets at Newyork session.Ignored
DislikedBWilliam, per your ask, here are my G$ trades from this morning. I had 2 trades in this pair: Trade 1 was closed with +45 pips, and Trade 2 is still open, currently up about 20 pips (stop is now at the entry). I also traded the E$ this morning, which was a buy trade that is still open and up about 50 pips now, with target above that has not yet been hit. Trade well everyone! {image}Ignored
Disliked{quote} Thanks GEfx. Finally, someone traded sensibly in line with value intent that I try hard to explain.Ignored
Disliked{quote} Hi GEfx, Are the reasons for entering Trade1 and Trade2 same?Ignored
DislikedPerhaps there is no harm putting a sell with 10-20 pips SL.{image}Ignored
Disliked.... the retail way ofc - full of expert market extreme ob/os spike faders.Ignored
Disliked{quote} There's no chance market get to the horizontal line/arrows. Given the value intent is to break day low. That's why market came close to my tp but won't hit.Ignored
Disliked{quote} You mean that whole move in NY that breaks the previous low? = because market intended to break the low why would it return to the starting point? Makes sense.Ignored
Disliked{quote} As I explained earlier, E$ was charging upwards to get up above pwol, GEfx trade. Global markets traded accordingly in that 2 hours NY session, watch the chart. Ofc professional traders knew what was happening.Ignored
Disliked{quote} E$ will continue to try to get to 1.022 and try trade above the target registered on 11 Aug. The professionals are watching.Ignored
Disliked{quote} E$ will continue to try to get to 1.022 and try trade above the target registered on 11 Aug. The professionals are watching and waiting like vultures.Ignored
Disliked{quote} Thanks for the input spzd, could you show on ur charts how u mark or determine where the days low and highs are? I am sure we all will get more info if u get the chance. Thanks again.Ignored
Disliked{quote} The short answer is with spikes, wicks, pin-hammer, and engulfing bars. You can never be 100% certain a new High/Low is the final one for the day. There are ways to make an educated guess. This is done through an engulging/impulse bar. Which will set that point as the most recent High/Low. Any time price approaches a High/Low you need to be aware it could violate that point. My method is based off Stacey Burke's method very closely. The initial High/Low of any day is the sctual High/Low of that, but also the High/Low of the US trading session...Ignored
DislikedStarted with basic patterns long ago. Went astray for much too long with the indicator search. Have come back to the basics.Ignored