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  1. #11
    EUR/USD intraday upgrade gt;
    I discovered potential toping activity on EUR/USD close to the degree of 1.1670. I marked letters on the chart and this is explanation gt; I detected 6E EUR/USD futures chart gt;

    a - Wide spread of this bar closing on the cover of the bar within an ultra-high volume (Buying climax)
    b - Down bar closing on the low at a very large volume. If there was strong buying on the previous pub the bar can close on the reduced and with rather large volume, It has to be a weakness.
    C - The slim spread of this bar closing at the middle with a minimal volume. No demand - no professional interest for higher prices.
    D - Offer at a high volume just after the no demand (no demand confirmed)

    Based on market profile, there's weak opening to the NY session and potential rotation. Notice that sellers did a turning near precisely the same degree on Friday.

    Feel free to post comment along with your own trading thoughts


  2. #12
    Quote Originally Posted by ;
    quote Hello, , I will stay away now from USD/JPY since it's not too great for position trading. USD/JPY is in my view in neutral-bullish mode. The trend is definitely bullish but the other factors aren't good fundamentally for smart and rising money awaiting new fundamental advice. Speeches of Kuroda in period may provide more hints for money that is smart. Right now weak traders are accountable for the currency pair. Technical picture appears bullish to neutral. Lets call it. Momentum is neutral...
    Due Petar! This makes sense!

  3. #13

  4. #14

  5. #15
    Quote Originally Posted by ;
    New upgrade gt;
    For the EURUSD pair, do you believe it bullish as long as it holds above the back channel?

    Additionally, for USDJPY, looking ahead to see an update now that we understand the resistance level is consuming.

    Excellent video analysis all around!

  6. #16
    Quote Originally Posted by ;
    quote For the EURUSD pair, would you think about it bullish as long as it holds over the downwards channel? Additionally looking forward to find an upgrade that we know the resistance level is holding up. Video analysis all around!
    Thank you very much
    1.1661 is a vital level for me (breakout candle reduced). Since, in the event the price can back of the demand it may signify fake breakout.

    Talking of USD/JPY. I discovered prints onto the penetration of trendline on profile chart, and it is a sign that provide overcame demand. There was a reaction from buyers for being fearful of reduced prices, they were fearful following the news to view their positions in SL so they attempting maximum to shield. Anyhow, professional traders do not care about them and they will do what's required to profit from such weak traders.

    In professional analysis is obviously about desktop and significance of price action. The same price action but with desktop can represent a different thing. As the Tom said gt; Any current activity that's taking place cannot alter the strength or weakness. It's crucial to remember that near background indiions are just as important as the most recent.
    You do the exact same thing in your life. Your daily decisions are based on your own background information and only partially on what's happening 'now'. If you won the lottery last week, yes, you might be buying a yacht now, but your choice to buy a yacht is going to be contingent upon your history of strength emerging in your life. The market is exactly the same. History weakness or strength heavily influences the activity of today as an alternative to what is actually occurring now [this is the reason 'news' does not have a effect]. If the market is being artificially marked this up will be attributed to weakness in the background. When prices are being artificially discounted it's going to due to strength in the background. You are being shaken out another or one way!


  7. #17
    Hello everyone,
    Just some Upgrades on EUR/USD and USD/JPY. EUR/USD is playing with the crowd. Failed and HSS formation fake rejection. If you are not enough smart to read those market maker maneuvers, you have no chance. As I marked yesterday, the breakout of a bullish flag and respecting 50SMA such as support are signs that we might see a rise. Today, we might have test pub in a high quantity (signal of power).

    Notice on market profile that yesterday the value changed greater and followed the increase, which can be a indiion that traders agree to the higher price of EUR/USD.


  8. #18
    USD/JPY got apparent distribution in my view. Broken rising wedge, successful rejection of resistance bunch and fake breakout on the futures market to clean weak traders. Like I said, USD/JPY is my only position atm but I have risk and potential return on the drama.

    I target 108.20 however, the projected goal is 107.35.

    Profile confirming willingness from professionals to take a lower price on USD/JPY.

    The patience is needed. The market will decide. Our work like professionals would be to discover a good chance, establish position and detect farther fundamental and technical condition if that we will need to adjust. This is the most significant business on the world and it is not the stage being right all the time, it's a point to make money by earning more when you're right than losing when you're wrong!

    I have to quote Jesse gt; Read carefully gt;

    ?The speculator's main enemies are always boring from within. It is inseparable from human nature to hope and to dread. In speculation once the market goes against you expect that every day is going to be the previous day and you lose more than you have to had you not listened to hope to the identical ally that is so potent that a success-bringer to empire builders and pioneers, big and little. When the market goes your way you become fearful that another day will take away your profit, and you also get out. Fear keeps you. The trader has to fight these two deep-seated instincts. He has to undo what you might call his impulses. Instead of trusting he has to fear; rather than stressing he has to expect. He has to fear that his loss will develop into a much larger loss, and expect that his profit might become a large profit. It is totally incorrect to bet in market how the ordinary person does.?
    #8213; Jesse Livermore



  9. #19

  10. #20
    Hello, found some free time and wanted to post you quote of the day gt;

    Successful Purchasing requires time, discipline and patience. However great the gift or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant. Warren Buffett

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