As you can see from my chart recent price has reacted to something, question is, what is it???
Attached Image (click to enlarge)
wow great thread, never thought that trading with such tight SL and high RR is actually possible
I want to ask few things if you don't mind
1. I saw that you enter not long after GBP news release, you saw price manipulation running stops above two blue area that I marked, showing pins on M5, price didn't go back up thus you enter short GBPUSD (on black line), do I get it right? may I know what exactly is your consideration entering this?
2. On EURUSD I don't understand this, ITs accumulating in the pink zone, break the pinkzone a little and then accumulating again in the blue zone, what makes you say "that part exposed their intentions"? is it stophunt above pinkzone?
3. do you only trade EU and GU?
4. In percentage how much do you risk per trade?
5. In accumulation I'm having trouble on determining the direction it will break, what do you look for to determine it?
I want to ask few things if you don't mind
1. I saw that you enter not long after GBP news release, you saw price manipulation running stops above two blue area that I marked, showing pins on M5, price didn't go back up thus you enter short GBPUSD (on black line), do I get it right? may I know what exactly is your consideration entering this?
2. On EURUSD I don't understand this, ITs accumulating in the pink zone, break the pinkzone a little and then accumulating again in the blue zone, what makes you say "that part exposed their intentions"? is it stophunt above pinkzone?
3. do you only trade EU and GU?
4. In percentage how much do you risk per trade?
5. In accumulation I'm having trouble on determining the direction it will break, what do you look for to determine it?
In the end its just a stupid numbers game
- Joined Oct 2014 | Status: lonely | 2,261 Posts
let s see how this thread will continue
If i have to give credit to all people i learned from i have to create separate thread
The guy you mentioned i know already since few months. These concepts i develop and trade since years.
But he is legit.
- Joined Mar 2009 | Status: Getting closer to ...... | 1,787 Posts
{quote} Hi danzka, {image} {image}
For me this move was well orchestrated with the high printed, the bearish move away with the lower lows/Lower highs and the general placement that for most peoples stops. You can see the small runs back up as the stops are targeted but the best move is the final curtain, that liquidity run that takes out the high probably the smallest point. Its the stops here along with the fresh longs that get trapped that feeds this market drop. You know it happens time and time again and you're charts always point to it.
Few will do the homework, fewer still will do it in the detail you are known for. We learn real lessons from taking the time to look back and trying to understand really what was playing out.
Take care
Max
