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New Cable Thread & Other Pairs

  • #1,581
  • Apr 12, 2024 6:13am Apr 12, 2024 6:13am
This is what I see on the screen:
Attached Image (click to enlarge)
Click to Enlarge Name: 12 April 24.jpg Size: 254 KB


Once we hit the 2 sigma deviation line we can go long ...
  • #1,582
  • Apr 12, 2024 6:13am Apr 12, 2024 6:13am
Quoting T721
Divergence setting in now as long as dxy stays below high .... let me know if you can see it {image}
big blue line is divergence between yesterday and today.... then we have the smaller 15min
  • #1,583
  • Apr 12, 2024 6:18am Apr 12, 2024 6:18am
Quoting T721
Divergence setting in now as long as dxy stays below high .... let me know if you can see it {image}
Notice how dxy did a double top while gu & eu made a lower low, this is the divergence you need for a reversal. now lets see if it holds and goes
  • #1,584
  • Apr 12, 2024 6:19am Apr 12, 2024 6:19am
Quoting T721
{quote} big blue line is divergence between yesterday and today.... then we have the smaller 15min
The thing is: because market is at overbought D1, they can do whatever they want without making technically awkward
It can continue down albeit choppy and slowly or it can bounce big time.
that is why I am not comfortable selling at these levels, little scalp maybe but nothing major.
Once again your tools will marry my charts very well.
We watch the charts from every angle so you don't have to!!
  • #1,585
  • Apr 12, 2024 6:21am Apr 12, 2024 6:21am
Quoting pedro319
{quote} The thing is: because market is at overbought D1, they can do whatever they want without making technically awkward that is why I am not comfortable selling at these levels, little scalp maybe but nothing major.
also Friday. early just now but banks like to square up there positions b4 weekend so can get a lot of Vol in both directions
  • #1,586
  • Apr 12, 2024 6:22am Apr 12, 2024 6:22am
Quoting ahmerjamil
Good afternoon!
Welcome AJ.!
We watch the charts from every angle so you don't have to!!
  • #1,587
  • Apr 12, 2024 6:27am Apr 12, 2024 6:27am
Quoting T721
{quote} Welcome to the thread pal
Quoting pedro319
{quote} Welcome AJ.!
Thank you very much buddies!
Stop Procrastinating
  • #1,588
  • Edited 6:46am Apr 12, 2024 6:33am | Edited 6:46am
Guys this is yet another very good example of funny/ challenging but technically coherent market behaviour.
On both pairs GU and EU, market is bouncing off overbought D1 alone, it hasn't even reached the targets, 1.0628 for EU and 1.2438 for GU.
This is designed to confuse the traders, why would price bounce off thin air?? (no support)
Don't worry, those targets will be met but the question is exactly when, I would like to think soon but the possibility of bounces before completion can't be ruled out!

The reason??? So that traders don't open super over leveraged position just to take profit at the mentioned targets. (easy money)

Bounces
In this situation where you have extension and overbought, minimum target is 38.2 Fib D1.
We watch the charts from every angle so you don't have to!!
  • #1,589
  • Apr 12, 2024 6:48am Apr 12, 2024 6:48am
Quoting pedro319
Guys this is yet another very good example of funny/ challenging but technically coherent market behaviour. On both pairs GU and EU, market is bouncing off overbought D1 alone, it hasn't even reached the targets, 1.0628 for EU and 1.2438 for GU. This is designed to confuse the traders, why would price bounce off thin air?? (no support) Don't worry, those targets will be met but the question is exactly when, I would like to think soon but the possibility of bounces before completion can't be ruled out! The reason??? So...
I am also at the same level for EURUSD as yours! 1.0625 to 28
Stop Procrastinating
  • #1,590
  • Apr 12, 2024 6:49am Apr 12, 2024 6:49am
Quoting pedro319
Guys this is yet another very good example of funny/ challenging but technically coherent market behaviour. On both pairs GU and EU, market is bouncing off overbought D1 alone, it hasn't even reached the targets, 1.0628 for EU and 1.2438 for GU. This is designed to confuse the traders, why would price bounce off thin air?? (no support) Don't worry, those targets will be met but the question is exactly when, I would like to think soon but the possibility of bounces before completion can't be ruled out! The reason??? So that traders don't open super...
All I can see is the Pitchfork.
Go Bulls Go!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-04-12_14-46-45.png Size: 96 KB
  • #1,591
  • Apr 12, 2024 6:52am Apr 12, 2024 6:52am
Quoting ChoyFX
{quote} All I can see is the Pitchfork. Go Bulls Go!! {image}
Confluence with the monthly fib of DXY. I just hope I am right.
Attached Image (click to enlarge)
Click to Enlarge Name: DXY_2024-04-12_14-50-40.png Size: 54 KB
  • #1,592
  • Apr 12, 2024 6:57am Apr 12, 2024 6:57am
Quoting ChoyFX
{quote} Confluence with the monthly fib of DXY. I just hope I am right. {image}
For bounces yeah but make no mistake, this time we are going deeper into the abyss!! where the currency has never been!!
We watch the charts from every angle so you don't have to!!
  • #1,593
  • Apr 12, 2024 7:01am Apr 12, 2024 7:01am
Wait, I come after reading the rules of this thread!
Stop Procrastinating
  • #1,594
  • Apr 12, 2024 7:02am Apr 12, 2024 7:02am
Quoting pedro319
{quote} For bounces yeah but make no mistake, this time we are going deeper into the abyss!! where the currency has never been!!
Thanks Pedro! That's my view also, just looking for some pips to grab from the bounce.
  • #1,595
  • Apr 12, 2024 7:05am Apr 12, 2024 7:05am
Quoting ahmerjamil
Wait, I come after reading the rules of this thread!
  • #1,596
  • Apr 12, 2024 7:08am Apr 12, 2024 7:08am
This is the one I had for today but now there is no point I guess. Still want to share with my new and old friends.
Attached Image (click to enlarge)
Click to Enlarge Name: unnamed.jpg Size: 71 KB
We watch the charts from every angle so you don't have to!!
  • #1,597
  • Apr 12, 2024 7:10am Apr 12, 2024 7:10am
Quoting T721
{quote}
Stop Procrastinating
  • #1,598
  • Apr 12, 2024 7:11am Apr 12, 2024 7:11am
Quoting ChoyFX
{quote} Thanks Pedro! That's my view also, just looking for some pips to grab from the bounce.
Trade the bounce, keep it small because next week we are going to destroy this pair. You get me??
We watch the charts from every angle so you don't have to!!
  • #1,599
  • Apr 12, 2024 7:12am Apr 12, 2024 7:12am
Quoting pedro319
This is the one I had for today but now there is no point I guess. Still want to share with my new and old friends. {image}
I hope I will not get banned too for laughing on this!
  • #1,600
  • Apr 12, 2024 7:15am Apr 12, 2024 7:15am
no bounces for me today, sticking with the plan


btw poor animal, rip
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