Bought Ozzie @ nice 5m-demand, first target previous bar lows @ 9972
Pipcrawler
Fozzy Chat Room 7 replies
DislikedBought Ozzie @ nice 5m-demand, first target previous bar lows @ 9972Ignored
DislikedAnd yes, stopped out on my remaining position @ BE @#$!*& ..........Ignored
DislikedThe way I see it.. it was both a reaction and a new base for a new demand. This is stacking.
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DislikedDoes look CP'd. AU flagging too within a similar structure. Trying to keep some live play documentation on today's trades.
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DislikedWould I be right in thinking this is compressed? I would appreciate any comments.Ignored
DislikedQuestion to IF, do you have a bellwether chart?
You shred up the charts and your 1min entries are immaculate, but I realize this is just for refinement. All time frames can give you perspective, but do you focus on a chart such as the 1hr and where important decisions have been made and then zoom on down?
Edit: I know you look at all timeframes, just do you give precedence to one over the other?Ignored
DislikedIn hindsight I realize what I've overlooked in my analysis:
1. I overlooked a higher TF demand ie. daily demand, right below my 5m-demand
2. For price to move higher from my 5m-demand, that pivot low and an intermediate supply had to breached, the first bounce spiked and consumed that intermediate supply
Does this make sense ?Ignored
DislikedCan you explain to me why this demand level did not have more of a reaction.
I can see that decision to move down had been made, but it just seems like it should have gotten a bigger reaction.
I am starting to see levels act as blocking factors, and maybe too many levels and blocking factors had come in as price made a laborous journey down.Ignored
DislikedCan you explain to me why this demand level did not have more of a reaction.
I can see that decision to move down had been made, but it just seems like it should have gotten a bigger reaction.
I am starting to see levels act as blocking factors, and maybe too many levels and blocking factors had come in as price made a laborous journey down.Ignored
DislikedThat's how I saw it. However this analysis could be completely wrong and if it is, I wouldn't mind someone correcting me.Ignored
Dislikedthat's nice. Check this site (http://www.nobrainertrades.com) out and look for the stuff they do on liquidity gaps. Reminds me of this trade bigtime.
The basic concept of it is that those large poles pretty much always get revisited. Another confluence. If you cant find it, i'll dig it out for you. Some kind soul pointed me there, so i must return the favourIgnored
DislikedHi everyone!
Can anyone help me find the reason why price dropped so quickly at the 0.9978 area on AUDUSD? I can't find the exact decision that caused it. I thought it was going to drop from the area where I drew the blue rectangle, but the reaction was weak and it kept on compressing and then turned where it did. (The move happened 30 minutes before news.)
Thank you,
Helena
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DislikedThat's how I saw it. However this analysis could be completely wrong and if it is, I wouldn't mind someone correcting me.Ignored