Right now is
11:02 am wellington
0702 tokyo
10:02 PM london
5:02 New york
we are wrapping it up for now, asian session will start and usually we dont see a lot of moves there.
what i do see is deceleration in selling pressure, 72 pips below open at its lowest point. compare that with 220 and 155 last two days.
the market as i have observed always travels in 3 points ALWAYS, and that is the only sure thing i know about the markets.
acceleration from inflection point= A loss of current impulse momentum= B correction= C back to ABCABCABCABCABCABC continuously.
as i stated before a break below 1.30 was important to happen today however seems like at this point 34 pips from Open deceleration in selling is happening with the only logical explanation is that that LESS SELLING>MORE BUYING, be it profit taking or whatever you want to call it, this is due to go into phase C= correction
how far? i do not know, i mathematically we are looking at a possible imediate target of 1.3060ish or so, as a probability, however as we know anything can happen, the market is moved by orders consuming liquidity hence we cannot accurately predict it, but how it quotes we can get a feel of what is the prevalence in orders.
is this a turning point in the market? who knows, so far its been selling consistently lower, so what is safer? bet for a kick ass correction?
or let it play out and see what level orders fizzle out to re enter short or go long according to the influx of money seen in the chart?
all i know is that 167 pips is the average monthly movement per day
today our range was 118 that is 71%, compare with last 4 days 105%,94%,137%,139% how is this important?
volatility follows volatility, and it goes from LOW TO HIGH BACK TO LOW
11:02 am wellington
0702 tokyo
10:02 PM london
5:02 New york
we are wrapping it up for now, asian session will start and usually we dont see a lot of moves there.
what i do see is deceleration in selling pressure, 72 pips below open at its lowest point. compare that with 220 and 155 last two days.
the market as i have observed always travels in 3 points ALWAYS, and that is the only sure thing i know about the markets.
acceleration from inflection point= A loss of current impulse momentum= B correction= C back to ABCABCABCABCABCABC continuously.
as i stated before a break below 1.30 was important to happen today however seems like at this point 34 pips from Open deceleration in selling is happening with the only logical explanation is that that LESS SELLING>MORE BUYING, be it profit taking or whatever you want to call it, this is due to go into phase C= correction
how far? i do not know, i mathematically we are looking at a possible imediate target of 1.3060ish or so, as a probability, however as we know anything can happen, the market is moved by orders consuming liquidity hence we cannot accurately predict it, but how it quotes we can get a feel of what is the prevalence in orders.
is this a turning point in the market? who knows, so far its been selling consistently lower, so what is safer? bet for a kick ass correction?
or let it play out and see what level orders fizzle out to re enter short or go long according to the influx of money seen in the chart?
all i know is that 167 pips is the average monthly movement per day
today our range was 118 that is 71%, compare with last 4 days 105%,94%,137%,139% how is this important?
volatility follows volatility, and it goes from LOW TO HIGH BACK TO LOW
AVT INVENIAM VIAM AVT FACIAM
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