i think when this pair close few pips above 1.3000 will waking the BULLs....
- #582
- Sep 30, 2016 9:47am Sep 30, 2016 9:47am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
i think when this pair close few pips above 1.3000 will waking the BULLs....
D.P.
Bulls are very busy, ...sleeping.
Hunting High and Low
- #583
- Sep 30, 2016 9:49am Sep 30, 2016 9:49am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
DAILY PROFILES:
As you see current daily POC is very prominent and it is at the same level of the major composite POC: so it is very difficult to evade such a pole of attraction unless a big volume will step in. Anyhow consider that this is now mature to break, so we could wait for some good directional move even today (not so probable) or next week.
As you see current daily POC is very prominent and it is at the same level of the major composite POC: so it is very difficult to evade such a pole of attraction unless a big volume will step in. Anyhow consider that this is now mature to break, so we could wait for some good directional move even today (not so probable) or next week.
Ubi maior minor cessat
- #584
- Sep 30, 2016 9:59am Sep 30, 2016 9:59am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #585
- Sep 30, 2016 10:00am Sep 30, 2016 10:00am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
Ubi maior minor cessat
- #586
- Edited 10:13am Sep 30, 2016 10:02am | Edited 10:13am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
{quote} Yes...
D.P.let us rockkk
Hunting High and Low
- #587
- Sep 30, 2016 10:09am Sep 30, 2016 10:09am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
{quote} we have a chance...
Have a nice continuation,
Best L.
Ubi maior minor cessat
- #588
- Sep 30, 2016 10:16am Sep 30, 2016 10:16am
{quote} Yes...But I see a lot of volatility. No balance for now. An other test at yes RH/RN3000 (failed again) I don't know. I prefer to step away. But I'm not suggesting to follow me. If you have still psychological capital to spend and if you see opportunities obviously a trade is always licit. Have a nice continuation, Best L.
im ready for the bull....
- #589
- Sep 30, 2016 10:23am Sep 30, 2016 10:23am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
{quote} im ready for the bull....
Ubi maior minor cessat
- #590
- Sep 30, 2016 10:24am Sep 30, 2016 10:24am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
{quote} Yes...But I see a lot of volatility. No balance for now. An other test at yes RH/RN3000 (failed again) I don't know. I prefer to step away. But I'm not suggesting to follow me. If you have still psychological capital to spend and if you see opportunities obviously a trade is always licit. Have a nice continuation, Best L.
@30200
Now I have thought of coming back to 30000
D.P.
Hunting High and Low
- #591
- Sep 30, 2016 10:26am Sep 30, 2016 10:26am
{quote} It is absolutely possible. Considering what we have above. For now it tagged the mid level of the move down from 09.22 and went down again. But now we are above yesterday RH/3000. I'm still in but I really have no more energies to monitor this thing.
im with you mr Lock....
i still have few more ciggaretes and a full cup of coffee here.... keeps me awake for the next few hours...
- #592
- Sep 30, 2016 10:50am Sep 30, 2016 10:50am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
{quote} im with you mr Lock.... i still have few more ciggaretes and a full cup of coffee here.... keeps me awake for the next few hours...
{quote} GOT IT !!
Best L.
Ubi maior minor cessat
- #593
- Edited 1:54am Oct 3, 2016 1:08am | Edited 1:54am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
08:08 +1GMT (edited untill 08:53)
EARLY MORNING REPORT
Starting with a top-down perspective:
MONTHLY
In the monthly chart we can see that August was an inside bar of July, so we were in a perfect balance environment. Then Semptember attempted a breakout above the top of this balance and failed: as written many times, when we are in a balance, no matter the rimeframe, and price fails above or below it, the natural target is the opposite side of that balance. In this case Aafter the failure above August september aimed to the opposite side of the balance that in this case was August low, exactly the zone where we are now.
As you see we have now 3 back to back monthly lows in less than 60 pips: October low(2916), September low (2914) and August low(28654). A test below them has good odds to be seen in the next days.
WEEKLY
What happened in monthly chart is reflected in the weekly chart where as you see we are now in a 5 periods one timeframing down, meaning that we are in weekly trend down. In order to stop this trend we need at least a retracement above the last weekly high at 3057 zone.
DAILY
What is clear from the daily chart is that we are now in a forcing action aiming to test the monhtly balance low at 29645 (August low). You see that is a forcing action because it tested the top of the lower daily bracket 6 times in the last 10 days. Meaning that there is no new money selling at all in this action. At least for now. After the possible and also probable test below August, we could consequently expect a possible reaction in order to correct all the weaknesses at the top of the lower daily bracket. But this is only a possibility: in fact the current 1 timeframing lower in the daily chart could also be confirmed if current action will find something good below August (meaning new sellers below that level)
SESSIONS (see chart)
You see that if current Tokyo session will close somewhere here we are going to have a GB gap down. And this will happen in a day started with a notable gap lower from Friday pit unchanged at 2976. Note that Tokyo is acting without China partecipation (bank holiday) So it is particularly weak. Anyhow if this gap will eventually be and if it will resists we could see a first test of the August low 29645.
If instead the gap will not be and or it will be retraced quikly we will find price back inside the Friday balance and then in the pole of attraction of the main composite poc at 2968.
In any case keep in mind that the cluster zone at 3032 level (including in it also the Friday pit session poor high at 30225) is extraordinary weak. So if something will go wrong downside, this is a clear possible target upside.
A final note is about the 2 double pass pit gap zone above 30464-3065 and below 28875-2902 as underlined in the chart: these zones need a correction made by a pit session: so if price will go lower the last one below in a different session we could expect a correction by the upcoming pit sessions. Specially the older lower double pass pit gap will be very attractive for upcoming pit sessions if price will go lower it in other different sessions, because in this case it will become a triple pass gap zone.
EARLY MORNING REPORT
Starting with a top-down perspective:
MONTHLY
In the monthly chart we can see that August was an inside bar of July, so we were in a perfect balance environment. Then Semptember attempted a breakout above the top of this balance and failed: as written many times, when we are in a balance, no matter the rimeframe, and price fails above or below it, the natural target is the opposite side of that balance. In this case Aafter the failure above August september aimed to the opposite side of the balance that in this case was August low, exactly the zone where we are now.
As you see we have now 3 back to back monthly lows in less than 60 pips: October low(2916), September low (2914) and August low(28654). A test below them has good odds to be seen in the next days.
WEEKLY
What happened in monthly chart is reflected in the weekly chart where as you see we are now in a 5 periods one timeframing down, meaning that we are in weekly trend down. In order to stop this trend we need at least a retracement above the last weekly high at 3057 zone.
DAILY
What is clear from the daily chart is that we are now in a forcing action aiming to test the monhtly balance low at 29645 (August low). You see that is a forcing action because it tested the top of the lower daily bracket 6 times in the last 10 days. Meaning that there is no new money selling at all in this action. At least for now. After the possible and also probable test below August, we could consequently expect a possible reaction in order to correct all the weaknesses at the top of the lower daily bracket. But this is only a possibility: in fact the current 1 timeframing lower in the daily chart could also be confirmed if current action will find something good below August (meaning new sellers below that level)
SESSIONS (see chart)
You see that if current Tokyo session will close somewhere here we are going to have a GB gap down. And this will happen in a day started with a notable gap lower from Friday pit unchanged at 2976. Note that Tokyo is acting without China partecipation (bank holiday) So it is particularly weak. Anyhow if this gap will eventually be and if it will resists we could see a first test of the August low 29645.
If instead the gap will not be and or it will be retraced quikly we will find price back inside the Friday balance and then in the pole of attraction of the main composite poc at 2968.
In any case keep in mind that the cluster zone at 3032 level (including in it also the Friday pit session poor high at 30225) is extraordinary weak. So if something will go wrong downside, this is a clear possible target upside.
A final note is about the 2 double pass pit gap zone above 30464-3065 and below 28875-2902 as underlined in the chart: these zones need a correction made by a pit session: so if price will go lower the last one below in a different session we could expect a correction by the upcoming pit sessions. Specially the older lower double pass pit gap will be very attractive for upcoming pit sessions if price will go lower it in other different sessions, because in this case it will become a triple pass gap zone.
Ubi maior minor cessat
- #594
- Oct 3, 2016 2:06am Oct 3, 2016 2:06am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
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- #595
- Oct 3, 2016 2:21am Oct 3, 2016 2:21am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
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- #597
- Oct 3, 2016 2:31am Oct 3, 2016 2:31am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
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- #598
- Oct 3, 2016 2:38am Oct 3, 2016 2:38am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
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- #599
- Oct 3, 2016 2:50am Oct 3, 2016 2:50am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
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- #600
- Oct 3, 2016 2:55am Oct 3, 2016 2:55am
- Joined Apr 2012 | Status: Trader | 8,327 Posts
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