hi taco....u caught it well...but heres how i see it....when i see price going down and volume rising up followed by a stage when volume goes down but price not moving much, i would consider it as cleaning up of orders before the move up....it means that the big boys want to clean up all the orders in the same price range...since the orders within a range would become less and less as time goes on, u see lessening volume.....
it was good for u that the price went down on a stop hunt but i would see this as clearing of existing orders b4 a move...
Ahh... You are seeing more in it than me but it makes perfect sense. Also the number of bars that you are looking it is more than me. Lets see if there's a Long opportunity that presents itself after bouncing off the pivot? Thanks. Rob
yes...u need to wait a bit...and also understand the background and market sentiment.....u should have noticed that yesterday euro broke thru a decently big SR region in 4380....so it was about to go higher....hence i was looking only for longs....
yes...u need to wait a bit...and also understand the background and market sentiment.....u should have noticed that yesterday euro broke thru a decently big SR region in 4380....so it was about to go higher....hence i was looking only for longs....
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yes, karthik. i´m in long with the eu too since yesterday, after the break of 1.4380 i waited for a pullback to entry and i´m in since 1.4350.
nice trade one more time for brax, i was tempted to close the yesterday long and trying to look for a short to take 30 pips just to this level, but i decided to stay with my original trade and now after this bounce i,m more confident whit the longs, looking for 150-200 pips. let´s see.
yes, karthik. i´m in long with the eu too since yesterday, after the break of 1.4380 i waited for a pullback to entry and i´m in since 1.4350.
nice trade one more time for brax, i was tempted to close the yesterday long and trying to look for a short to take 30 pips just to this level, but i decided to stay with my original trade and now after this bounce i,m more confident whit the longs, looking for 150-200 pips. let´s see.
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good one there mate....euro does look good to go to 1.45 atleast....and GU looks quite bullish as well....
hi taco....u caught it well...but heres how i see it....when i see price going down and volume rising up followed by a stage when volume goes down but price not moving much, i would consider it as cleaning up of orders before the move up....it means that the big boys want to clean up all the orders in the same price range...since the orders within a range would become less and less as time goes on, u see lessening volume.....
it was good for u that the price went down on a stop hunt but i would see this as clearing of existing orders b4 a move...
Trying to fiq out what happend to my head as every trade is missing the point.
its me of course.
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hmmm...i know its difficult....maybe u just need to get a feel of the market after all those holidays....last 2 days have been tough.....unless u stayed with a trade like i did with GU, theres a lot of chopping around going on....take ur time....
