who will laugh first
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- #41
- Dec 16, 2024 10:59pm Dec 16, 2024 10:59pm
- Joined Jun 2013 | Status: enjoying life | 23,867 Posts
- #42
- Edited Dec 17, 2024 12:11am Dec 16, 2024 11:53pm | Edited Dec 17, 2024 12:11am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
Market Structure is the King.....
- #43
- Dec 17, 2024 12:01am Dec 17, 2024 12:01am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
Market Structure is the King.....
- #44
- Dec 17, 2024 12:26am Dec 17, 2024 12:26am
- Joined Jun 2013 | Status: enjoying life | 23,867 Posts
- #45
- Dec 17, 2024 4:09am Dec 17, 2024 4:09am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
GU Short @ 1.2683 stoploss 1.2712 {image}
This battle is very vicious. The bull against my entry but I am not afraid. Risking just 0.05 of Capital Base with assurance that repeating same process severally will give me an edge.
If the bull can have it, we shall be looking at next resistant zone around 1.2755/70.
If the seller were able to win this battle, we shall be taken profit around 1.23xx. Caution at 1.2607/15.
Any better suggestion are welcome.
Market Structure is the King.....
!! Radha Radha !!- #47
- Dec 17, 2024 4:47am Dec 17, 2024 4:47am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
Market Structure is the King.....
- #48
- Dec 17, 2024 8:41am Dec 17, 2024 8:41am
- Joined Jun 2024 | Status: Still Learning | 2,827 Posts
Hope it doesn't hit stoploss
- #49
- Dec 17, 2024 8:55am Dec 17, 2024 8:55am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
Market Structure is the King.....
{quote} Looks like the Sellers are showing signs of winning the battle though not yet huruhu.. Buyers could not penetrate our defence.. If yes, it's gonna be a roller coaster bounty harvest.
the horses are running with a predetermined outcome.
"The Rich Never Pay Retail"
- #51
- Dec 17, 2024 9:29am Dec 17, 2024 9:29am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
{quote} PA will be interesting if price gets to 1.2713/15 today that will determine banking intent. Imho PA has already been decided
What are your expectations as regards direction, Bull/Bear ?
Market Structure is the King.....
{quote} Yeah! price already touched 1.2713 earlier predicted by you... What are your expectations as regards direction, Bull/Bear ?
it did? just goes to show you that there is always minor price discrepancy between data feeds and brokers. "the rich never pay retail" ill take a look and come back to this post and edit 
it is wait and see, probabilities for tomorrow and the rest of the week are volatility, and big swings in price, that only favors market makers. it would be highly unlikely a significant move will start today.......if there are players that have inside information, it will be quiet and methodical price movement. somebody always knows the outcome before it is revealed, imho
and.......there can always be profits taken out of the market before interest rate decisions, that is when a lot of counterintuitive price movement occurs imho.
"The Rich Never Pay Retail"
- #53
- Dec 17, 2024 9:41am Dec 17, 2024 9:41am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
{quote}
I am enjoying our interactions..
Market Structure is the King.....
- #55
- Dec 17, 2024 10:00am Dec 17, 2024 10:00am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
{quote} Remember, three interest rate decisions tomorrow, including BOE. Anything can happen
Market Structure is the King.....
- #56
- Dec 17, 2024 10:34am Dec 17, 2024 10:34am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
Market Structure is the King.....
- #57
- Dec 17, 2024 10:44am Dec 17, 2024 10:44am
- Joined Oct 2009 | Status: Trader | 5,639 Posts
Always trade your own plan...I don't provide trading signals.
- #58
- Dec 17, 2024 11:08am Dec 17, 2024 11:08am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
Market Structure is the King.....
{quote} I just want to know your technical position as regards direction. Really aware of news impact on price/direction...
looking at the hourly PA for the GU it appears to be fairly methodical which indicates, imho, 2 probable scenario's: cautionary profit taking (most likely) or long positioning (most unlikely, but possible) either way there is a high probability of significant price swings, liquidity sweeps, stops run.......before direction is revealed. the bottom line is; holding a position from now until tomorrow is a calculated guess at best. we, as human beings with the insatiable need to be correct, will convince ourselves of the probability of outcome that we need. Some will be correct but the vast majority will be incorrect and the cycle will start all over again. The sad fact is, it has already been decided and only a very few are correct consistently, without inside information it is almost an unrepeatable process because of the completely counterintuitive nature of trading. There will be a lot of money made tomorrow but very little of it will reside with us, the gnats on the elephant's asses. Best strategy, stand aside and wait. There is always higher probability trades than this one....... "Old Man Shit"
"The Rich Never Pay Retail"
- #60
- Dec 17, 2024 11:17am Dec 17, 2024 11:17am
- Joined Dec 2020 | Status: Trader | 1,673 Posts
Market Structure is the King.....