Disliked{quote} I want a retrace back into my fib retracement, or I'm not getting in it I am short on usdcad, though. Don't look at too many pairs or else you risk becoming overwhelmed. {quote} I mean reversed the rally and dropped.Ignored
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Disliked{quote} This is my try: On the Daily: SUPPLY started at 24/06, very big red candle. http://prntscr.com/cpme5r On 4H we can zoom in a bit, we see that supply entered the market at 1.1350, see the turquoise line, on the 18/08 it entered this zone and topped at 1.1368 http://prntscr.com/cpmgqlIgnored
Disliked{quote} Thx, would be curious to know the reasons you took the trade, from long term and short term perspective.Ignored
Disliked{quote} The answer is within this recent price action. Markets are like a pendulum. They oscillate and you know, what goes up has got to fall The way I see it, price declined from 1.3170 and then rallied back to complete the range. It then proceeded to consolidate and this morning I woke up to see accumulation right below the level. I looked for an entry inside the range. What worries me is the dollar strength as demonstrated on the USDx chart I posted earlier... In case it manages to go beyond 96.32 it's bad news for my...Ignored
Disliked{quote} This is what I meant when I said it completed the range and needs new fuel to keep moving. Dipped to the asian session accumulation, straight into demand (and more importantly - liquidity) and took off. Also have a look at the dollar index, it busted the highs. {image} {image}Ignored
Disliked{quote} I modified my TP to yours at 1.3136 on the USD/CAD and it was almost the low...so thx for that, good trade for me On the other hand, I was stopped out on my EUR/USD trade , 10 pips lower it reversed, the problem with 2 demand zones on top of eachother, you don't know where to place your stop. Still learning, I will get better at this in the coming weeks http://prntscr.com/cpufznIgnored
DislikedThx for the good feed-back. Beeing able to work with stops of 7 to 8 pips would really require a good mastering of S&D. But it is also my aim. What are you looking at today? I have a supply zone marked out on the NZD/USD 30 min chart: http://prnt.sc/cq16mg On the EUR AUD I see a supply zone on the 1H, start marked by Turquoise line: http://prntscr.com/cq1b9b On the EUR CHF I took a short, too early it seems, because the candle will not close as a bearish engulfing: http://prntscr.com/cq1bxd Another one that looks...Ignored
Disliked{quote} The problem with EURGBP is that its main driver right now is GBP weakness. Cable is making record lows, and we're not sure when it will stop. We can only guess psych levels like 1.2750 or 1.2700 will hold it. It's a matter of pricing brexit in. If we go to a weekly chart, where we can see price action at those levels clearly, EURGBP is tackling the 0.8810 highs from february 2013. There are strong chances it rallies above those highs, reaching into an area of liquidty around 80 pips higher. Even then, there's no guarantee it will stop because...Ignored
Disliked{quote} The problem with EURGBP is that its main driver right now is GBP weakness. Cable is making record lows, and we're not sure when it will stop. We can only guess psych levels like 1.2750 or 1.2700 will hold it. It's a matter of pricing brexit in. If we go to a weekly chart, where we can see price action at those levels clearly, EURGBP is tackling the 0.8810 highs from february 2013. There are strong chances it rallies above those highs, reaching into an area of liquidty around 80 pips higher. Even then, there's no guarantee it will stop because...Ignored