DislikedJust wondering. I'm in short now. My TP is 1.1185 just want to take it quick. What's about you guys. What is your TP?Ignored
who dares wins
1
- #1,117,561
- Jun 19, 2017 6:50am Jun 19, 2017 6:50am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
who dares wins
- #1,117,562
- Jun 19, 2017 6:54am Jun 19, 2017 6:54am
Take a look at market profile in line with supply and demand (volume) and you can see what probably should happen next.
Fridays market ended with a very strong close and has a bullish shape.
The area within the red box is value, this is where the majority of trade took place, where buyers and sellers accepted price. ie this is where the market valued the EUR.
If you ever did economics 101 this is where the supply curve meets the demand curve.
The market makers want to take the market to where the most business will take place as they make their money on churn.
Coming into Monday the markets trades down on lower volume, it then pops up on high volume.
Note the big down bar at the green arrow. It comes down in decreasing volume back into value. Note the size of the bar too. This is called a withdrawal of liquidity.
The market makers want to test if there is still any business to be found in the old value area and withdraw their liquidity to move the market lower.
If volume decreases coming back into value that means traders are no longer interested in that price point and value has shifted. It has shifted higher as there was high volume as price traded up. So the MMs will not hang around here if there is no trade. They will take it back to where they found business earlier..
The green box is your buying zone.
Fridays market ended with a very strong close and has a bullish shape.
The area within the red box is value, this is where the majority of trade took place, where buyers and sellers accepted price. ie this is where the market valued the EUR.
If you ever did economics 101 this is where the supply curve meets the demand curve.
The market makers want to take the market to where the most business will take place as they make their money on churn.
Coming into Monday the markets trades down on lower volume, it then pops up on high volume.
Note the big down bar at the green arrow. It comes down in decreasing volume back into value. Note the size of the bar too. This is called a withdrawal of liquidity.
The market makers want to test if there is still any business to be found in the old value area and withdraw their liquidity to move the market lower.
If volume decreases coming back into value that means traders are no longer interested in that price point and value has shifted. It has shifted higher as there was high volume as price traded up. So the MMs will not hang around here if there is no trade. They will take it back to where they found business earlier..
The green box is your buying zone.
Boxing clever since 76.
- #1,117,563
- Jun 19, 2017 7:02am Jun 19, 2017 7:02am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
Feels like Groundhog Day, super slow 
Self discipline It is a practice
- #1,117,564
- Edited 7:26am Jun 19, 2017 7:03am | Edited 7:26am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
- #1,117,565
- Jun 19, 2017 7:04am Jun 19, 2017 7:04am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
Feels like Groundhog Day, super slow
who dares wins
- #1,117,566
- Jun 19, 2017 7:15am Jun 19, 2017 7:15am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
WTF...it goes down then straight back...hopefully to test the new resistance 1.1200. Or am I only winning 1 pip again? 
who dares wins
- #1,117,567
- Jun 19, 2017 7:21am Jun 19, 2017 7:21am
- Joined Aug 2016 | Status: Trader | 10,367 Posts
RBs hit my SL at 91... Reentered long again immediately...
- #1,117,568
- Jun 19, 2017 7:25am Jun 19, 2017 7:25am
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
When life gives you lemons, make lemonade
- #1,117,570
- Jun 19, 2017 7:30am Jun 19, 2017 7:30am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
{quote} Hey buddy did you forget to press the start button
Self discipline It is a practice
- #1,117,571
- Jun 19, 2017 7:30am Jun 19, 2017 7:30am
- Joined Jul 2016 | Status: Trader | 3,318 Posts
trading is simple but is simple is not easy.
- #1,117,572
- Jun 19, 2017 7:30am Jun 19, 2017 7:30am
- Joined Aug 2016 | Status: Trader | 10,367 Posts
RBs hit my SL at 91... Reentered long again immediately...
- #1,117,573
- Jun 19, 2017 7:33am Jun 19, 2017 7:33am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
Finally my target of 31pips was hit. UJ long still open...locked in 21pips though...
who dares wins
- #1,117,574
- Jun 19, 2017 7:37am Jun 19, 2017 7:37am
- Joined May 2010 | Status: Trader | 2,693 Posts
{quote} here is the updated M30 TF euroltfx index and usdltfx index bearish starting on the beginning weekly range ..... EurUsd M30 ... bearish camp now {image} {image} {image}
EuroLtfx Index Bearish
USDltfx M30 Index Bullish
Eu/Usd M30 Bearish ..
- #1,117,575
- Jun 19, 2017 7:39am Jun 19, 2017 7:39am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
Finally my target of 31pips was hit. UJ long still open...locked in 21pips though...
Self discipline It is a practice
- #1,117,576
- Jun 19, 2017 7:44am Jun 19, 2017 7:44am
- Joined May 2010 | Status: Trader | 2,693 Posts
{quote} Here is EuroUSD M3o ... Bearish Structure ....
- #1,117,577
- Jun 19, 2017 7:44am Jun 19, 2017 7:44am
- Joined Mar 2015 | Status: Trader | 1,445 Posts
Can someone clarify something for me:
If you are being paid a swap, that means that you are borrowing in the low yield currency, lending in the high. So in EURUSD case you are short EURUSD.
Shouldn't one favor if at all possible staying in the direction of the positive swap on any currencies traded? I honestly trade long/short irregardless of the swap, but if this is all based off of interest rate differentials, shouldn't the positive swap ultimately indicate direction?
I'm probably wrong, but wanted to ask since many have more experience that I do.
If you are being paid a swap, that means that you are borrowing in the low yield currency, lending in the high. So in EURUSD case you are short EURUSD.
Shouldn't one favor if at all possible staying in the direction of the positive swap on any currencies traded? I honestly trade long/short irregardless of the swap, but if this is all based off of interest rate differentials, shouldn't the positive swap ultimately indicate direction?
I'm probably wrong, but wanted to ask since many have more experience that I do.
- #1,117,578
- Jun 19, 2017 7:44am Jun 19, 2017 7:44am
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
- #1,117,579
- Jun 19, 2017 7:44am Jun 19, 2017 7:44am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
{quote} PERFECT 31 pips LoL
who dares wins
- #1,117,580
- Jun 19, 2017 7:48am Jun 19, 2017 7:48am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
Can someone clarify something for me: If you are being paid a swap, that means that you are borrowing in the low yield currency, lending in the high. So in EURUSD case you are short EURUSD. Shouldn't one favor if at all possible staying in the direction of the positive swap on any currencies traded? I honestly trade long/short irregardless of the swap, but if this is all based off of interest rate differentials, shouldn't the positive swap ultimately indicate direction?
who dares wins