first time in 500+ pips when smart money is selling... is it retrace or reloading?

EURUSD

yes you can, but it's a little bit different. for instance, let's say you have three shorts open, all in profit, each of 10,000 units. a total of 30,000. now let's say you want to book 10% = you just buy 3,000 units, and you are left with 27,000 ...

EURUSD

i see quite a few posts about targets and wanted to say a few words. while i don't disagree with taking profits along the way, i can certainly tell you that closing entire position while in a trend is not necessarily a very profitable thing. we ...

EURUSD

do you have a statistic showing that trading multiple pairs is better than trading just one?

EURUSD

oh nice... another low for today while i was posting.

EURUSD

quite a move isn't it. and it's not over. by my calculations, we should go to 1.26 area by the end of the year. resistances above are - short term: 1.3495 area medium term: 1.3570 area, and then 1.3855 and 1.3985 all these levels are nice places to ...

EURUSD

yw. as for the indicator, sorry but i use a different platform. p.s. just remembered: you may wanna read "master the markets" by tom williams, it's a very good book and it'll give you a totally different understanding of what's going on behind price ...

EURUSD

it may take a while... here's a chart to illustrate what i'm saying - previous move up. i got candles colored by the balance between ask and bid volume: green candles = buying, red candles = selling. i think it's quite obvious, isn't it. tight ...

EURUSD

when i said they started buying, that actually meant no more SELLING... or no more ASKING, in other words - so no more up trend, because smart money is not interested in getting a better price as they sold everything... hence price is dropping.

EURUSD

nope... big mistake. we need to wait for them to accumulate first, and then start asking for higher prices before we can go long.

EURUSD

looks like big guys stopped selling, and started buying. let's see, is this because they believe the direction has changed ?

EURUSD

and guys, i am not administering exams here on forexfactory... what i am saying is based on my experience and my knowledge, refined to make it plain simple. the real mechanisms behind price are more complicated but for us is important to have a ...

EURUSD

see, this is incorrect. smart money does not take profit in an uptrend, they are continuously selling. they have all the supply, and they are keep asking for higher prices - again, because they own everything. we, the suckers, are buying from them. ...

EURUSD

just answer my question: what happens in an uptrend?

EURUSD

yes you are way off. let me ask you this: do you know what happens in a trend, let's say an uptrend? what is smart money doing in an uptrend? and what are we suppose to do?

EURUSD

you didn't get what i meant. and from your answer, i can see you're way off... no offense and no disrespect.

EURUSD

end of trading week. i wanted to post a chart for short/medium term (h1) showing the cumulative balance between ask/bid volume for the last 24 bars color coding: red candle = more bids; green candle = smart money buying. just a quick note before i ...

EURUSD

yes, true, in fact it may go as high as 1.3820 (which is another 150 pips from where we stand now) without losing it's bearish bias. a break there will be the signal that bulls took control and this move up is not just a correction but a ...

EURUSD

today we had a rally with a lot of SELLING (see ask-bid window below) but on LOW volume (lowest in two weeks). this to me looks just like booking some profits and/or reloading more shorts. i would vote for more downside in the next days.

EURUSD

as it is now, the push down continues; 1.3750 is the line in the sand (see blue line), going above it would mean it's either correcting or continuing climbing to a new high. but for now i will sell every rally... until this dip is over.

EURUSD