Flying Dutchman

Ooops
My Levels and I'll call it a Roadmap of sorts

What are u saying? A break of the purple bands is a buying signal?

Well we have a good ADR in so far today
How much lower can iy go ?
BUT
It depends what type of trader you are and your timeframe preference
Here is a weekly set of levels
What info would you glean from that ?

I think there's a chance of a run north from this area..but i'd prefer 179.70 area for a bounce (at least take 180 roundie buyers out first)

It was just a squashed up m30 to try and get some price from left hand side of chart into view..before the big plunge south happened

NFP Friday is upon us....

Do you have a Theory ?

Enjoy
Blue

The market is doing its usual PRE-NFP moves that lack clear direction and poking stops here and there. Some of my ASIA trade is based on this theory.

EA and GA: SH, RN to RN ( My bias was bearish)





AU: reaction to OB ( my bias was bullish)

"If everyman & his dog are Buying, then I want to be going Short"

The Market is pre-determined it echos it's next motive. Listen and u'll hear.

Depends on what ur smokin'

Great charts fx

Great Post by Don Pato, quoting an excerpt from it here:

"My epiphany came when I understood HOW the market works. Here is a brief summation: (1) Anyone and everyone who wishes to participate in the market must do so by placing orders. (2) These orders are made up of two different types. Passive - also known as "liquidity"; and aggressive - also known as "market" orders. (3) These orders are matched with each other at agreed upon prices buys with sells until the liquidity at a particular price is gone.
Then price will move higher (or lower) depending on the surplus of orders remaining unfilled. (Higher with more buying, and lower with more selling). (5) These orders are constantly coming and going into and out of the market and create a "flow" which will vary in its intensity and "net" direction (buy or sell). It is the waxing and waning of this order flow that creates price movement and at times will actually precede it.

Anyone who learns to "see" and "read" this order flow has an automatic "edge" on the rest of the market. This is because there is literally no math formula, or computer algorithm that can accurately predict human behavior. In fact, the data required to make accurate calculations will always lag behind the actual market and its price movements and always have the trader who relays on this data at least 2-3 steps behind the market. Yes even price lags behind order flow, (if only slightly).

Unless you leave behind all the rest of the losing technical analysis theories and concentrate your efforts solely on learning the market structure and how it effects price movement...you will lose overall."

click on the GIF ---->

what Indicator are you talking about, could you please share it?

thank you!

thank you Shabs! very cool!

It's a good indicator, but we just end up with too many lines to look at.

I can also observe with the daily pivots,with price action revolving around mS1,DPV & mR1

The Asian Session is a good place to look at for set-ups in the next 2, 3 or 4 sessions (next day).

Had my hair cut today. I don't like the bit at the end where they hold up the mirror and say, "alright sir?"
The reflection off my pate gets more intense each year !