Same, same, but different! LOL.... yeah, like that.... -CJ-

Why it is possible to predict price movement?

Did you make money? Used to love watching them expire...lol -CJ-

Technical Analysis alone will not give you an edge

Hello Mr. Scott, I sold both covered and naked, out of the money, options to generate additional income for my accounts. I do not trade forex options although many choose them over spot forex. -CJ-

Technical Analysis alone will not give you an edge

This post from long ago tries to explain how they show you something but don't or try to hide something by presenting it in different ways. What they can't hide are the underlying truths... it's up to us to spot the deception... it's all about ...

Why it is possible to predict price movement?

Retail traders have no impact but an aggregation of retail trader orders, in a congestion area are of interest to market makers, who will then work price based on those aggregate orders.... and take as many as they can... -CJ-

Technical Analysis alone will not give you an edge

Yes, I've traded options extensively in the equities markets... -CJ-

Technical Analysis alone will not give you an edge

Round numbers matter, but only to the market makers. They are some of the "congestion areas" where retail traders congregate and their small orders are aggregated into much larger groups of orders.... -CJ-

Technical Analysis alone will not give you an edge

I'll take that back, my bad as I miss read your post... -CJ-

Technical Analysis alone will not give you an edge

Aye mate, but those are specific to price prediction and projection and their creation... -CJ-

Technical Analysis alone will not give you an edge

I will also inform you to the fact that this same price pattern WILL form on every higher time period on this pair, at varying points in the future. The higher the time period, the longer for it to mature.... you can monitor for their formation well ...

Why it is possible to predict price movement?

It's the wrong thread to be discussing this.... please post any questions about predicting price movement in this thread url -CJ-

Technical Analysis alone will not give you an edge

The EURUSD price map as posted here long ago was a projection of price based on lower time frame price patterns... unlike the map on AJ that I'm trading now... it follows an already established pattern so I did not have to project it. This is a good ...

Technical Analysis alone will not give you an edge

You must understand that the patterns being created today are creating the "congestion areas" that so many traders will use in the coming months and years... they drive price, quickly to an area and pause, this is where they are creating them...this ...

Why it is possible to predict price movement?

I am far from a master... and in this case, perhaps we try to force a setup when none really exits.... either way, profit was to be made. -CJ-

Why it is possible to predict price movement?

Entry point is well defined as when price fails to make a new HH, and falls through the bump trend line, as drawn from bump start to the low of the bump... failure at any point negates the trade, move to the next. -CJ-

Why it is possible to predict price movement?

The goal is not to make a perfect trade, the goal is to make a profitable trade. As with any trade setup, the trade must be managed. Failure to manage even the best trade setup will result in disaster. Had I entered that trade, I would have been ...

Why it is possible to predict price movement?

If you are trading on the lower time period, you are correct as it is the peak high of the 1st three pushes off the peak low... pushes on higher time frames are levels on lower time frames. -CJ-

Why it is possible to predict price movement?

Price did indeed make new highs and the setup is invalidated... HOWEVER, it could have been a profitable trade depending on your trade management. Even failed setups can provide profit, or do you not protect trades in profit? The pair is also being ...

Why it is possible to predict price movement?

Ummmm.... that is a live chart and the cycle is about to begin to the downside.... The Peak High has formed and we begin the downward cycle this week... -CJ-

Why it is possible to predict price movement?

To tell you the truth, I very rarely look for them anymore. The one I'm trading is just a pattern I recognized from the past as it is distinct in nature and was easily spotted. Normally when I trade, I just try to trade MM patterns. Once you locate ...

Technical Analysis alone will not give you an edge