Oh! that's really helpful. Thank you

Flying Dutchman

Especially if there is major news on JPY. and things get more tricky when the news calendar only provides a TENTATIVE time.

Flying Dutchman

The same potential area of interest for EJ and UJ. Considering their ADR, quite possible to achieve in a day. FOMC Meeting Minutes ?? image image

Flying Dutchman

Interesting GJ chart. The price might be heading to rebalance. image

Flying Dutchman

Noted gracefully. Thank you

Flying Dutchman

The pip difference is only (163.895 - 163.775) = 12 pips. Not significant, anyway, I would be looking at the ZONE/LEVEL instead of the specific price point.

Flying Dutchman

Thank you. In this ASIA session, I am struggling to read the CHART. My mind is cluttered with confusion and not able to form any thesis. is it me? or WEDNESDAY? I would better stay away, and should not force myself to see the things that possibly, ...

Flying Dutchman

I noticed the wicks are excluded from the FIB (1st pic), any particular reason?

Flying Dutchman

LONDON PA was tricky. Missed out on the GU move ( I was controlled by the FEAR). SETUP was there though, below the PDL, PSL, and RN. However, got some pips from UC and my old trusted NU. image

Flying Dutchman

I was just cracking a joke, referring to the HFT ALGO, using the metaphor of CHAT-GPT.

Flying Dutchman

I guess they are setting it up nicely. PUMP UP till the news, and then DUMP. Anyway, I try to avoid the news day/hour.

Flying Dutchman

Session break for me, See you all during Frankie / London.

Flying Dutchman

The market is only 50% random, magically

Flying Dutchman

During the DnP in ASIA, took 6 trades in total, with the same setups, 3 winners and 3 losers. Managed to get 60+ pips, even with only a 50% win rate, just by cutting my losses short. image

Flying Dutchman

The TRADE-GPT never sleeps.

Flying Dutchman

In the meantime, a nice PUMP & DUMP happening across all the differently TAGGED pairs.

Flying Dutchman

From a small retail trader's perspective, instead of TAGGING the pair as MAJOR, MINOR, CROSS, EXOTIC, and whatsoever, I only focus on the Stability of the currency, liquidity, spreads, availability (broker and platform), and the CB's intervention ( ...

Flying Dutchman

Very sticky PA, not looking promising which is expected due to the US holiday. So decided to TP my positions on UJ and EJ. The setup was nice though. Can't complain, the day has been very productive. (TOUCH WOOD !!) image

Flying Dutchman

Thank you, Sir. Truly a picture that says a thousand words.

Flying Dutchman

EJ and GJ both are ranging at the high of the structure. If UJ starts going south, both the GJ and EJ will be runaway trains, considering their ADR. Just an opinion, however, the market will do whatever it wants to do. image

Flying Dutchman