it will be easier if we can get 4h closed below yesterday low before news..
lighten my positions prior to fundamental data anouncement..
lighten my positions prior to fundamental data anouncement..
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DislikedGood Morning Again Traders No colouring for me too tired. Heading back to bed. As you notice the level 1.6570 is being respected as I explained. Amazing isn't it. once you begin to understand why the market does what it does, you can trade, almost stress free Will the level hold, we just have to wait and see. nothing is 100 % in this business. The spike you just saw was the BIG BOYS positioning themselves and defending the LEVEL HDA OUT Zzzzzzzzzz back to bed I wish you all the best in your trades.Ignored
Disliked{quote} well, i think that's because people closing/lighten their position prior to news (no significant volume on the movement).. every tech trader do that.. what's more important is how the 4h close later or in near term the 1h..Ignored
Disliked{quote} A-speculator: NO HINDSIGHT TRADING Lay your case on the table so we get a better understanding. When the 4H or 1H closes what can be expected based on the closes? It's important you explain things before they happen HDA OUTIgnored
Disliked{quote} ok, let's based things on 1h.. now, in 1h, price failed to break the high of the range and the uptrust was due to price rejected last low from 1h, normal things to happen as price reached resistance or support. more importantly is when looked in the daily, we can see distribution happened and price able to close lower than the low of the consolidated candles, here where one can see that bullish stream no longer exist or has been minimized. in 4h, price more into neutral but seeing from the close of the candles and the wicks, it seems more...Ignored
Disliked{quote} @A-speculator: I applaud you. This is trading. Put your case out before the market moves. Most traders share their outlook on the market after the market, moves and speak of profits made. Well done Now we just have to wait and see what price action does. Well done We will never always be right, but how we develop as traders is when you can state your case, before the fact and learn from it after price action decides. Very well done Then you have those traders who observe everything you say and reserve their...Ignored
Disliked{quote} sorry mate, i don't quite understand what's happening.. i expect an argument.. do you disagree/agree on my points.. thing is, there are things i may have overlook, as a human i think that is normal, so i don't mind people to come and bashing me, as you said we are here to share..Ignored
Disliked{quote} @A-speculator: I'm trying to get back to bed The point from the exercise was not to argue. It was to allow you to share, before the fact and then lets see what happens. As for agreeing or disagreeing with you. We have to put today in context. If it was a normal trading day, then yes I agree, but 8:30am eastern, NFP, most times have to be taken into account. So we are at a let see what happens HDA OUTIgnored
Disliked{quote} ok, let's based things on 1h.. now, in 1h, price failed to break the high of the range and the uptrust was due to price rejected last low from 1h, normal things to happen as price reached resistance or support. more importantly is when looked in the daily, we can see distribution happened and price able to close lower than the low of the consolidated candles, here where one can see that bullish stream no longer exist or has been minimized. in 4h, price more into neutral but seeing from the close of the candles and the wicks, it seems more...Ignored
Disliked{quote} My experience in this situation is as follows. Despite the huge advantage of the bears. Bulls still have not given up. They, so to speak, have the right to the last shot. And if NFP allowed, they will try to close above 6617.Ignored
Disliked{quote} elbert3: Suffo is allowed to login, but he cannot post. HDA OUTIgnored
Disliked{quote} yeah. also think about it for a sec, what if NFP beats, and comes out in range of 220-260K. us companies are hiring finally, seems so.Ignored