Are we not talking about this? In which case it was a perfect place to bounce? image

ReadtheMarket - Supply and Demand with Price Action

Yes, it's a good and well used pattern. The first engulf at A is not enough for a turn..and price frequently breaks the low..your point 1. Safer to wait for an engulf and a further engulf of the engulf... B&C ,,before the buy at 3. Also nice to see ...

Volman meets Burke or My journey with PA

Damn...where does it see DAX going today?

Flying Dutchman

0.8 pounds..if chuck is eating. 700 pounds .. if chuck is digging.

Cable Update (GBPUSD)

It was just a squashed up m30 to try and get some price from left hand side of chart into view..before the big plunge south happened

Flying Dutchman

I think there's a chance of a run north from this area..but i'd prefer 179.70 area for a bounce (at least take 180 roundie buyers out first) image

Flying Dutchman

What are u saying? A break of the purple bands is a buying signal?

Flying Dutchman

nice...and again, that same pattern..LS...bounce from LS...FO the LS to test where last orders are..and finally future bounce right on LS image

ReadtheMarket - Supply and Demand with Price Action

Are you talking about a Swiss Franc unpegging type scenario? I've thought about these "black swan" events and how to protect against them, especially if trying to scale in and maximise a longer term position. Being exposed to the market overnight is ...

Cable Update (GBPUSD)

And from what I've seen...it's very common for a bounce right at that exact point, isn't it? image

ReadtheMarket - Supply and Demand with Price Action

Hmm..it reached the kink of the kink..I thought these days that was considered target hit?

ReadtheMarket - Supply and Demand with Price Action

What's been engulfed here to indicate further downside? What am I not seeing? image

ReadtheMarket - Supply and Demand with Price Action

Well..FOMC at 7pm UK..so a bit of fireworks then as the federal Stop Collection Program kicks in image

Flying Dutchman

Post punk ..those were the days (this'll get TT groovin on a Saturday mornin') Undertones - Jimmy Jimmy (who didn't have one of them parkas that Feargal's got on?) video Skids - The Saints Are Coming video Gang of Four ...

What kind of music you hear while you trade?

2 month slump? Holy crap. That is an eternity for a scalper. I've been aware of his name for many years but haven't really followed him closely. From what you've posted Blue it always seemed like he was pretty focused on his money ...

Flying Dutchman

Well that theory is certainly different from IF's first post of an FTR, as we clearly see it come back and touches the previous top. image Also, when we look closely..we may have missed out another important "kink" ..depending on what is to the ...

ReadtheMarket - Supply and Demand with Price Action

From post 3976 BE - Break even BEFL - Bearflag BO - Breakout BSZ - Breakout and Stop Loss Zone BUFL - Bullflag CP - Compression CPLQ - CP followed by Liquidity DBD - Drop base drop, descending pole flag pole DBR - Drop base rally DBT - Double top D1 ...

ReadtheMarket - Supply and Demand with Price Action

Hi, I guess they are not gonna be his exact steps in closer inspection. The most important step 1 will be identifying the correct left shoulder with regards to what happened to the left of it...that may involve a few steps on it's own. I think it's ...

ReadtheMarket - Supply and Demand with Price Action

Ok, as far as that target goes, I'll admit I should've zoomed out for the bigger picture first image

ReadtheMarket - Supply and Demand with Price Action

Nice mvf The matrix 8 points? 1. Clear left shoulder with nice history. 2. Breaks LS with kink. 3. Retrace to LS that falls short (maybe not necessary for this particular trade) 4. Break back above LS and retrace back BELOW it...important 5. ...

ReadtheMarket - Supply and Demand with Price Action