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- Anotan replied Apr 30, 2024
Just for the sake of discussion, I'm not sure it's that simple to say forex is the biggest market in the world. Sector rotation is a stock market concept, but I think it applies to whole markets as well. Money moves from one market to another. 2019 ...
- Anotan replied Apr 27, 2024
UCAD on Monday might be interesting.. Highest volume bar on the lows and price broke above the high late Friday. Sunday could be a long setup if price comes down to test the mid point on narrow spreads and volume. The only thing is that there was ...
- Anotan replied Apr 26, 2024
If 80% of breakouts fail what about the other 20%? Do they break out with big volatility and unlikely to return to the entry? If so, I'll take those. But maybe you mean trend traders and not breakout traders. And based on the comments on the JPY ...
- Anotan replied Apr 26, 2024
Went to sleep during LO and my AJ long was stopped out. Picked up EJ in US though, was going to hold it over the weekend but closed it after I saw it was up 90+ pips. Just before the US session there was a mini shake out into the high ...
- Anotan replied Apr 26, 2024
Fib the interest rate bar, who woulda thought that price would continue along the same trend thats its been in for the last 4 days? Reading all the news stories, everyone guessing about if/when/where this intervention will occur instead of just ...
- Anotan replied Apr 25, 2024
I didn't catch today's entry on EU, but classic VZA. SoS on the previous day's low, price pushes up and comes back to retest the 50%. I tried VZA a few years ago but gave up because I was fibbing the highest volume bar everyday rather than just big ...
- Anotan replied Apr 18, 2024
Price wasn't going to break above the previous week's low on low volume. But to be fair, its hard to not make money going long on USD.
- Anotan replied Apr 16, 2024
Anyone take the EU short today? Same setup as yesterday on UCad except we saw a lack of interest to the upside as price tried to rally above yesterday's mid point. This is a smaller position that I normally trade, Daily is still in a down trend with ...
- Anotan replied Apr 15, 2024
UCad, Daily still making HHs and HLs. There was a little bit of a drop off in volume Friday, but when price bounced of Friday's midpoint buyers showed their hand. Still 6 hours left in the day, but today could potential close as a inside test which ...
- Anotan replied Apr 12, 2024
Yeah it's annoying when people say background but don't define it, like they expect everyone to have the same skill set and experience. Or they get off of some ego trip with making people guess. A big part of the markets is that price doesn't ...
- Anotan replied Apr 12, 2024
IMHO don't limit yourself to just one setup. If you took your car to a mechanic and all they had in their toolbox was a hammer, you would turn around and GTFO. Trading is the sameway, if all you have is a hammer then everything looks like a nail. In ...
- Anotan replied Apr 12, 2024
UCad long yesterday was stopped out, went back in on a no supply into the mid point of that high volume bar. I entered the trade just a few seconds before the bar closed, it was the end of day for me and I was ready to sleep. But following the ...
- Anotan replied Apr 11, 2024
I wouldn't consider it. On your last chart, 3 bars prior to bar 1.. That bar is bit higher in volume than the previous bar and quite a bit narrower and that bar wasn't worth noticing. I just look for sudden surge or decrease in volume into fresh new ...
- Anotan replied Apr 11, 2024
Relative volume is a hard lesson to learn for most people (me included). It's not about the highest or lowest volume on the chart. It's when there is a sudden surge of volume or a sudden withdrawal of volume. Professionals just can't hide those ...
- Anotan replied Apr 11, 2024
This definitely isn't a perfect rule.. but its something I like to keep in my tool box is when you see a big markup on news like NFP/CPI/Interest rates then the next day trade in the same direction as the markup. If big money is marking up price on ...
- Anotan replied Apr 11, 2024
Bar 1 shouldn't be seen as strength. Look at the previous bar, it's an up thrust so bar 1 is price reacting to the up thrust. Also 3 bars to the left of bar 1 is a bit of strength with a 2 bar rally which means bar 1 could also be absorption with ...
- Anotan replied Apr 2, 2024
Double check your math and think it through.
- Anotan replied Mar 11, 2024
tell your inside man the market took the day off to adjust to the time shift.
- Anotan replied Mar 8, 2024
This is good in theory, but in practice I doubt many would follow the recommendation on SL exits. Most will still add at those SL levels because they're trading like a "bank". Click on any TE on the Trades tab and you'll ...
- Anotan replied Mar 7, 2024
Im not a big trend line guy, I think they're very situational in Forex. AU slipped below the mid point of the trend channel, it could be losing steam. Plan is to close when it pops back up to the mid point. image Edit: I'm flat, NFP in 3h. image