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  • #2,641
  • May 23, 2011 2:16am May 23, 2011 2:16am
Similar to EU but with clearer reference points...GU open test drive on Asia is on VPOC of friday. IB range was above avg but the Open test drive conviction seems to suggest IBH to hold the high for asia & range xtend (rx) downwards at most 1x.therefore a Normal Variation day type.

Now with a rebound on POC upon London open with an open drive...below Asia VA or DVA, suggest initiating buyers...

But i m still wary as 6150 is so close & have not been tested yet since GU tends towards round numbers...with that said last friday strong rebound was off the POC cluster area too...areas of support.


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  • #2,642
  • May 23, 2011 3:14am May 23, 2011 3:14am
AU's wider then average IB suggest a Normal day but with open drive with increase tempo, the high of today or the IBH should hold..suggesting a Normal variation day. Price is now sitting 79% retracement level

Wide IB also suggest limited rx thus for now we see only around <0.5xIB; with that shorterm traders is in control

What follows now potentially, should be a range trading to hold the balance around DPOC for today, strategy is to range trade..

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  • #2,643
  • May 23, 2011 4:28am May 23, 2011 4:28am
London open price broke IBL also last week IBL 4048, my finger says "Sell it now", but my brain tell me "don't be a Laggard". Errr!
  • #2,644
  • May 23, 2011 7:51am May 23, 2011 7:51am
Quoting Evak
AU's wider then average IB suggest a Normal day but with open drive with increase tempo, the high of today or the IBH should hold..suggesting a Normal variation day. Price is now sitting 79% retracement level

Wide IB also suggest limited rx thus for now we see only around <0.5xIB; with that shorterm traders is in control

What follows now potentially, should be a range trading to hold the balance around DPOC for today, strategy is to range trade..

Attachment
Au extended up to 1xIB now instead... with such wide IB the low should hold....:S

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  • #2,645
  • Edited 9:06am May 23, 2011 8:52am | Edited 9:06am
Quoting Evak
Similar to EU but with clearer reference points...GU open test drive on Asia is on VPOC of friday. IB range was above avg but the Open test drive conviction seems to suggest IBH to hold the high for asia & range xtend (rx) downwards at most 1x.therefore a Normal Variation day type.

Now with a rebound on POC upon London open with an open drive...below Asia VA or...
rx all the way down more then 2xIB right onto last wed low low; proximity to it's VAL too unfolding into a double distribution day type or almost...by end of day POC should shift* down to lower distribution,.,.
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  • #2,646
  • May 24, 2011 1:57am May 24, 2011 1:57am
GU's opens below range today with calm Open-drive suggesting Responsive. Average IB range suggest up to rx of 1xIB or more perhaps a Normal variation day...at the least.

Entry was made on the dip back to VAL, initial risk is yesterday's low. Target to VAH or 1xIB & next to upper balance of yesterday's double distribution (about 2xIB)

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  • #2,647
  • May 24, 2011 5:52am May 24, 2011 5:52am
Quoting Evak
GU's opens below range today with calm Open-drive suggesting Responsive. Average IB range suggest up to rx of 1xIB or more perhaps a Normal variation day...at the least.

Entry was made on the dip back to VAL, initial risk is yesterday's low. Target to VAH or 1xIB & next to upper balance of yesterday's double distribution (about 2xIB)

Attachment
Great observation Kave, for eu I saw an b shape profile, I anticipate price might move higher, buy pending order was filled @4050, will hold over night if us open support higher price.
  • #2,648
  • Edited 6:59am May 24, 2011 6:35am | Edited 6:59am
Quoting alexm
Great observation Kave, for eu I saw an b shape profile, I anticipate price might move higher, buy pending order was filled @4050, will hold over night if us open support higher price.
U know....

Prior to Asia session open, the overnite inventory was long. But, Asia opening tested on previous NY session's POC but did not take out indicates confidence i gather. The opening type is auctioning though but most importantly it did not take out the previous session low but it BROKE the previous session high... & of coz location of the test suggest responsive since is just below the overnite VA.

From then on we look north...

EU session profile* with One-time framing up but liquidation break should be around the target POC..hence
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  • #2,649
  • May 24, 2011 7:39am May 24, 2011 7:39am
I exited my long at 4088 before the 30 min pin bar complete, looks like the US session going to reverse, so I'm going to stand aside and see what might happened later.

Since now we have a weekly VPOC at 4254, I have a buy pending order sitting at 4100. Let's see what US session bring us.

This thread is getting quite, I seems like seeing the "vision" clearer. LOL!
  • #2,650
  • May 24, 2011 8:14am May 24, 2011 8:14am
Quoting alexm
I exited my long at 4088 before the 30 min pin bar complete, looks like the US session going to reverse, so I'm going to stand aside and see what might happened later.

Since now we have a weekly VPOC at 4254, I have a buy pending order sitting at 4100. Let's see what US session bring us.

This thread is getting quite, I seems like seeing the "vision" clearer. LOL!
Ya baby.... F the pin bar (i know you sucks) and break higher, filled my buy order, I consider now is a high risk buy location, move stop to BE at 4100 If I got stop out, im done for the day.
  • #2,651
  • Edited 9:24am May 24, 2011 9:13am | Edited 9:24am
Quoting Evak
GU's opens below range today with calm Open-drive suggesting Responsive. Average IB range suggest up to rx of 1xIB or more perhaps a Normal variation day...at the least.

Entry was made on the dip back to VAL, initial risk is yesterday's low. Target to VAH or 1xIB & next to upper balance of yesterday's double distribution (about 2xIB)

Attachment
GU session profile...

1:IB below average suggest potential for more then less range extension.
2:NY opening above London's range suggesting initiatives; opening auction eventually balance.
3rice have to take out previous session long or else we will see sellers; since previous session inventory was long.
4.Price just broke.
5:Now we watch the tempo of the moves..

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Edit: updated chart
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  • #2,652
  • May 24, 2011 12:22pm May 24, 2011 12:22pm
Quoting Evak
GU session profile...

1:IB below average suggest potential for more then less range extension.
2:NY opening above London's range suggesting initiatives; opening auction eventually balance.
3rice have to take out previous session long or else we will see sellers; since previous session inventory was long.
4.Price just broke.
5:Now we watch the tempo of the moves..

Attachment

Edit: updated chart
Attachment

After hitting rx of slight more then 2xIB, price rotate steadily back into fair price balancing nicely...now seeking support back onto London high.

This support may provide a platform for Asia opening higher & testing all the way up to Tp2 as shown, provided Asia opens above range at the very least with initiatives..

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  • #2,653
  • May 24, 2011 10:21pm May 24, 2011 10:21pm
1: NY (overnite) inventory was Long. But close below London High (lacking confidence)
2: Asia open with narrow IB below range (lack of upside confidence continues) with a bit of auctioning b4 breaking below IBL to rx of up to 4x.
3: Price was attracted towards previous NY session POC but right on 79% retracement of previous asia low & yesterday's high.
4: Now price is balancing around 4055
5: A 3 period wide Anomaly is spotted that may potential be filled..profile still uneven.

Possible scenario next could be Asia low be taken out & London finds support at 1.4 & reverse but for now it have to balance ? opinions anyone ?

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  • #2,654
  • Edited 12:25am May 25, 2011 12:14am | Edited 12:25am
Just a view in daily format.

1: IB is above avg ard 67pips. therefore rx expectancy may not extend beyond 1x of IB. One-time-framing down may suggest IBH to hold the high of today...perhaps...
2: Asia open below POC but withing range.
3: IB extend out of range now revisiting Monday's POC but no signs yet of being responsive...(sellers still dominant or lack of demand)
4: Yesterdays low of around 1.4 or ard 0.5xIB may provide support given the what we have seen on the Initial Balance..1.4 level also coincide with retracement level of 79% of the past 2 days.
5: Price is also back into Monday's range possibility finding fair value again here?

oh yeah, euro vicious cycle of debt crisis...= good bye 1.4000

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  • #2,655
  • May 25, 2011 3:50am May 25, 2011 3:50am
Hello, someone knows where can i find an intraday TPO? What i need is something like TPO chart v1.02 but info is taken by 1M and express in every 30M or 1H candles... Is possible modified TPO chart v1.02 and made what i need?

thanks and excuse my English.-
  • #2,656
  • Edited 4:20am May 25, 2011 4:09am | Edited 4:20am
Quoting Evak
1: NY (overnite) inventory was Long. But close below London High (lacking confidence)
2: Asia open with narrow IB below range (lack of upside confidence continues) with a bit of auctioning b4 breaking below IBL to rx of up to 4x.
3: Price was attracted towards previous NY session POC but right on 79% retracement of previous asia low & yesterday's high.
4: Now price is balancing around 4055
5: A 3 period wide Anomaly is spotted that may potential be filled..profile still uneven.

Possible scenario next could be Asia low be taken out & London finds...
1: Asia inventory was Short
2: London open with opening drives & did not take out asia low...
3: IB is below average suggest better then rx of perhaps up to 2x.=IB
5: Target to VPOC & expect liquidation break if market view this area to be excessive...


Idea trade location would be a dip back to VAL or DVAL...(miss by a pip
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Add:
GU is similar..

1: Opening drives off Asia's low but did not revisit.
2: IB merely below avg suggest at most 2xIB or less...

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  • #2,657
  • May 25, 2011 5:38am May 25, 2011 5:38am
Asian n London combine is a b profile, my strategy was a pending order above ibh, and it does play well. Will hold till us open to see what unca Sam can offer.
  • #2,658
  • May 25, 2011 6:22am May 25, 2011 6:22am
Quoting alexm
Asian n London combine is a b profile, my strategy was a pending order above ibh, and it does play well. Will hold till us open to see what unca Sam can offer.
Indeed..Between them, that LUA could be pile up eventually to be balance...

EU have a nice pullback low...could be trend-day perhaps.
  • #2,659
  • May 25, 2011 6:25am May 25, 2011 6:25am
Quoting Aesg
Hello, someone knows where can i find an intraday TPO? What i need is something like TPO chart v1.02 but info is taken by 1M and express in every 30M or 1H candles... Is possible modified TPO chart v1.02 and made what i need?

thanks and excuse my English.-
FYI...

http://www.forexfactory.com/showthre...18#post4609118
  • #2,660
  • May 25, 2011 7:16am May 25, 2011 7:16am
Quoting Evak
Indeed..Between them, that LUA could be pile up eventually to be balance...

EU have a nice pullback low...could be trend-day perhaps.
Hard to tell kave, US session always turn the table around. Exited my long with 45 pips profit.
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