Price is everything

I'm getting so sick of your link dude

Please I don't want to feel hostile towards you but every time you post in here you just shamelessly plug your shit

It's been pointed out before that you are welcome to share charts but that's it

Daily is clearly showing an uptrend, 15m is showing signs of reversal weakness with the trendline and the first supply zone.
Noticeable though is the fact that 4hr broken, now either they want to trap buyers in that zone forcing a sell, or they will try to trap sellers with the next daily bar, its really an either or at this point.

I've read predicitons about the net long speculative positions going to rise by 30 000 next week. I dont think its unreasonable. Im also trying to look at options data right now but the important data usually is masked and from what ive heard theres a lot going on via darkpools right now (unconfirmed rumormill though). So lets stick to the technicals.

I would feel safer buying lower even if its for small movements, im not feeling safe shorting this right now, neither do i feel safe buying.
This is one of the setups where you can either go nuclear on your account or play it smart, this is partially the reason why i took out my 150 pip EU long before the markets closed ( chart is a couple of pages back). The other one is i wanted to cover positively for the negative short i took to early.

If you look closely on the daily chart 1.47513 seems to be the magic number that longs will need to break and at least close above on a daily/4hr chart to convince me entirely were going to 1.51.

Were between a rock and a hard place right now regarding the Euro... you have the shitsandwich which is the US economy and the metric shitstorm which is the sovereign debt crisis in the eurozone. At the end of the day and trust me.. i know this more than anyone else (or at least most people):

Don't get emotionally attached or hold a bias for the EU depending on your fundamental and macroeconomic analysis. Go whereever institutions want to go, trading based on your convictions and flawed perspective of the economy will cost you your account if you swing hard.

Personally im looking at a couple of currency pairs and waiting for another daily 100 pip swing setup while entertaining myself on being heavy on commodities. Watch out for oil though...

EDIT: Forgot to add this, technically also in weekly supply.. =/

Crude Short:

Moved stops to BE+2 , lets see if this slides or rides:

what's the problem with posting charts and link ? everybody posts his charts and link...why do u want me to be apart ?

I think it's because people actually share their thoughts whereas you're just trying to promote your own log (hence consistently posting a link to it on all your posts)

I'm kinda sad about missing this one. On the weekly chart I see a possible bear flag with a lot of lower wick soaking up demand. As I looked in the intraday, I had the area of supply zone marked and was waiting to short around there. It opened up and just started going down. Maybe we can see another test higher into the supply before the next real leg down?

On the bright side, going long on silver off the pin and demand zone Friday seems to be working out pretty well at the moment. Have my stop to lock profit

You may get your opportunity again, im still in my crude short i entered earlier but seriously considering to exit at +30 right now...

EDIT: took crude out +28

EU and GU charts... tough to read the clusters to the left... im blank on ideas other than scalps, its possible to set up swing shorts now but the stops need to be above the highs.

On Gu... that zones is just a fucking mess, dont feel like touching it

What do you think of the supply zone i have on the D1 chart for the euro? I'm really just sitting on my hands until that region to look for bearish PA.

hi all,

just shorted gbp small scalp with 20p sl and 20p target at 1:1 risk reward ratio.

edited: shorted from 1.6425 at the close of third bear candle.

edited: i am changing my r:r. 80% at 1:1 ratio and the rest 20% at 1:1.5 to improve my odds because i see the next demand zone is somewhere near 95.

u shorted into demand area...never jump onto a running train, hope it plays out for you.

might be a bear engulf on h1 = goof for ur shorts

lets c

I dont see the sell order on that chart... please provide a chart where others can see your entry, or provide an entry in form of a number in text





BTW: Should have kept crude short open a little bit longer holy shit i missed out on an awesome amount of pips

hi,

i was long earlier on that demand zone but i think it's broken for now. so shorting might be a good idea for me.

anyway, just pure speculation.

hi all,

just shorted euro at 4606 with 20p sl and targeting 1:1 as always.

Hi Keikor,

I am new here, but If I was forced to make a decision I would rather buy at that point than sell.

Comments appreciated.

Regards

Martin

Hello ,

You are purchasing at the point where the buyers are sitting(Demand zone) . You should buy there , not short here . Anyways you shd have a eye how price action react in this levels