{quote} While we are on the topic, what's your TP?
Well, I for one thought 103.27 was going to be the line in the sand before heading down. Since price has pushed through this area it can now go to 104+, most likely 104.37. However, I am staying out becasue i still think based on volume and value that there is still a very good chance price goes sharply down. Of course I could be wrong but it still seems like this is retail buying and not big guys buying. Longterm this pair is headed up I believe, but not before a gooooooood drop. We shall see. happy pips to those making them.
Well now that the week is over and can look at the chart I see a fall.Why? The weekly market profile finished as a completed file, but the following things show a move may occur: Complete profile Price ended up above the weekly value area and is near the top of the range 102.99 is where sellers are and is also a previous monthly point of control. So with those factors, price is out of balance which means there is potential for a big move either way. The reason I see a fall is the fact it is close to a previous monthly point of control on a retest,...
- #44,610
- Apr 8, 2014 8:57am Apr 8, 2014 8:57am
hello guys,
sorry but i can't completly understand this sell off on u/j
1 it's true that we have a correlation with the index, and so u/j f in stock market
2 it's true that Boj don,t change its monetary policy with other stimulus, situation that was largely predicted by the market, and so never surprise
3 it's true that by the hike of sales tax the target of the 2% of infation may be achieved faster
but it;s true also that many economist surveyed by bloomberg and reuters wait other stimulus between may and july. Kuroda&co. are ready to add new QE because certanly the tsales tax will hit the consumers.
And the speech of the fed about a possible increase rate in the first quarter of 2015
So why there is a so strong sell in the market ? the sellers aren't afraid by the speech of Abe and Kuroda and the dovish sentiment on the yen ? i can understand the bearish sentiment, but not the strong of this sentiment.
sorry but i can't completly understand this sell off on u/j
1 it's true that we have a correlation with the index, and so u/j f in stock market
2 it's true that Boj don,t change its monetary policy with other stimulus, situation that was largely predicted by the market, and so never surprise
3 it's true that by the hike of sales tax the target of the 2% of infation may be achieved faster
but it;s true also that many economist surveyed by bloomberg and reuters wait other stimulus between may and july. Kuroda&co. are ready to add new QE because certanly the tsales tax will hit the consumers.
And the speech of the fed about a possible increase rate in the first quarter of 2015
So why there is a so strong sell in the market ? the sellers aren't afraid by the speech of Abe and Kuroda and the dovish sentiment on the yen ? i can understand the bearish sentiment, but not the strong of this sentiment.
hello guys, sorry but i can't completly understand this sell off on u/j
I would suggest checking out the auction theory thread. It really helped me get a feel for how I see the market. And its great for me because I just cant get into the fundementals even though I know it is a strong tool for those who use it.
- #44,613
- Apr 8, 2014 9:29am Apr 8, 2014 9:29am
{quote} I am pretty bad at understanding fundi's but technical I am getting good at. To help answer your question, go to my post dated March 29th. There I gave reasons why I expected a fall. What really helps me is seeing where perceived value was and where it could fall or rise to based on that. I would suggest checking out the auction theory thread. It really helped me get a feel for how I see the market. And its great for me because I just cant get into the fundementals even though I know it is a strong tool for those who use it.
- #44,614
- Apr 8, 2014 9:48am Apr 8, 2014 9:48am
- Joined May 2012 | Status: CoC'd again ! | 8,578 Posts
{quote} Pretty convincing bear trap if you ask me.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
WE HAVE ALSO A REBOUND ON SP500 and eurstoxx50 and dax in the last 2h. But u/j still nothing......
- #44,619
- Apr 8, 2014 11:05am Apr 8, 2014 11:05am
- | Joined Nov 2012 | Status: blind eyes... | 1,018 Posts
long try to retrace 102.09 tp 102.55.
{quote} sorry, have you use MARKET PROFILE and POC to find the fair value ?
The market finds fair value itself. If anyone could know in advance for sure what price would do they would not only be a billionaire but a trillionaire!
