DislikedAlright, what's a DP? Divergeance point? Diplomatic pip? Directional predeterminant???Ignored
if you are really the queen of the pips you should know that
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DislikedAlright, what's a DP? Divergeance point? Diplomatic pip? Directional predeterminant???Ignored
Dislikedlol daily pivot
if you are really the queen of the pips you should know thatIgnored
Dislikedshhhh did you not know the Queen can order the cook to make rabbit stew tonight for being subordinateIgnored
Dislikedis this possibly a pull back because of overbought? it seems to be coming down a little now. Or would you say resistance is at playIgnored
Dislikedmalcolmb14 this retracement is going to throw me into doubt for i was prefering to see this 3 months selloff party stops at a significant level (148 or so) just to make sure that we're not going to see the current low levels for a long time,
i'd like to know what do you think, is this the bottom or we might dive alittle bit deeper?Ignored
Dislikedshort now i think for a little 150 pip ride back down into 158.60 .
I still have my 2 longs on and added along the way ... but the last 15 min candle was way to long and the market does not like those wide spread candles ...
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DislikedLooks like it still wants to trade up to 160.50 area and probably down 200-300 pips from there and then goes up again .. lolIgnored
Dislikedlets see ..
1) 160 is whole number and important one .. did not manage to break even by 1 pips = fantsatic place to short
2) the up moves was very impulsive .. meaning fast and furious . The professioansl want this as they want to push it to higher levels.
We had the double top earlier at 158.22 and that is the level that a lot of retial investors would have bought long at thinking ' break out' . They liekly rode the pair all the way down to 155 ( yes we have a habit of doing that) .. hating themselves for not closing for only 100 pip loss . If the price came slowly back to their entry price they would be happy to get out for break even . SO Mr market maker pushes price up fast through the previous area of Supply ( 158.22) to entice the longs at 158 ish to stay in and not sell .... thus mening that buyers are in control driving price higher . We will liekly get a pull back to the 158 .22 level .... why .. well MR Market makers is a smart cookie .... he figures if he / she drives it down there once more , the same dopey reatil investors that bought at 158 would now add more to their position .... this will drive prices up even higher than the first break out.
This is the principle I use to trade futures .. it is called open range tradingIgnored