Some people refer to these markets as "Random" ... Not Me...
Friday saw some wild moves with the markets. I caught a little with the AUD. But I have been far to busy to be staying up till 2:00 AM trading the London session.
In spite of the moves look where profits were taken. Daily pivot, supply, 100 fib level. Then at the 138.2 and supply. Finally at the 161.8. Price structure is a beautiful thing when you see it and put some organization to it.
I compare this to a Chess game. Every move is calculated with the anticipation of each future move.
Even with a tragic earthquake and tsunamis price fell to demand and reversed. See 30 min chart.
Will price hit the upper Supply Zone and reverse? Now we wait and plan our next move. PA will move first on the opener.
Rufus
Friday saw some wild moves with the markets. I caught a little with the AUD. But I have been far to busy to be staying up till 2:00 AM trading the London session.
In spite of the moves look where profits were taken. Daily pivot, supply, 100 fib level. Then at the 138.2 and supply. Finally at the 161.8. Price structure is a beautiful thing when you see it and put some organization to it.
I compare this to a Chess game. Every move is calculated with the anticipation of each future move.
Even with a tragic earthquake and tsunamis price fell to demand and reversed. See 30 min chart.
Will price hit the upper Supply Zone and reverse? Now we wait and plan our next move. PA will move first on the opener.
Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.