There's still no confirmation candle appeared so the price is likely to move either direction. I believe that the break-out was a false one!
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Dislikedfor long position, wait for a confirmation candle(4H-1D, both of them) closing above 1.29200-1.29400 currently the body of the daily candle is below the daily ascending channel. for long position to be valid, the daily candle should close(confirmation candle) above the channel support (above 1.29).Ignored
Disliked{quote} Another round of thank you for this. Spent some time watching some of his videos last night and found that his three-box strategy fits into my method. I think I can refine my system more with his approach. Also, I think I need to read Wyckoff's book to understand market psychology more. Again, thanks!Ignored
Disliked{quote} Cant shout on your profile for some reason, so just wanted to say thanks for the call. Feels good to identify the zones earlier in the day and have them confirmed by your analysis. Have some shorts at this current liq zone and will be adding on the way down if it goes that way. As for my own analysis, I believe Monday will decide direction, if candle closes bullish we will go up for the rest of the week and vice versa. Weekly candle is a doji often cited as an "indecision" candle thus my belief that Monday will decide direction. I'm also...Ignored
DislikedGU zoomed in a little bit for clearer analysis. May not go exactly as planned but it gives me something to work with. Will be looking for shorts above 900. Can only wait n see what Mon/Tue delivers {image}Ignored
Disliked{quote} I understand your point but just to let you know from a veteran analyst, most of the analysis here is bullshit. Don't let anybody fool you. If you pay close attention, you will notice that a lot of the people in here posting charts are also lying out of their ass most of the time. Which means they are likely losing money or breaking even. When I first started trading, I was hunting down veteran traders in New York. I physically met them and learned from them. The people on this site are very unprofessional and they like to bullshit everybody....Ignored
DislikedWhat can Daily Chart on GBP/USD tell us? It's pretty clear that Higher High at 1.2785 was tested on Thursday and price bounced off of that High. However, this doesn't mean that price is going up, we still have to see confirmation candle that Buy will continue. Main Support lies at 1.2785 and if it doesn't hold, uptrend on Daily Chart is officially over and price will visit another Higher High that was made before it at 1.2630.Ignored
Disliked{quote} Another round of thank you for this. Spent some time watching some of his videos last night and found that his three-box strategy fits into my method. I think I can refine my system more with his approach. Also, I think I need to read Wyckoff's book to understand market psychology more. Again, thanks!Ignored
DislikedThis is probably worth posting for anyone not sure of how i trade in regards to pips and return on a trade---- OK --- THE ONLY THING YOU CAN CONTROL IN ANY MARKET IS YOUR LOSSES, THATS IT. HOW MUCH YOU ARE GONNA MAKE IS UNNOWN (if you trade like me) Let me explain--- to make this easy lets assume we all trade at $1. So if your stop is 30 or 50pips away the math is simple Now lets say my target is 200pips, anyone will be thinking im gonna make $200. Well that is wrong. If i am confident in getting those 200pips i need to build positions. The last...Ignored
Disliked{quote} Everything you need about wyckoff https://youtu.be/8sbfrusR5Eo Enjoy your weekends watching and understanding it.Ignored
DislikedHidden bullish divergence on daily chart and 55-60% of retail short. I would say UP until BoE on thursday and then DOWN. If I am right, I hope GU can re-visit the double top of 3050-3150 before the meeting.Ignored