There was an ote (79%) on H1 (Fri high / low) just out of Asia session. However, I supct the big move was more down to rumours that Weidmann was going to resign from the Bundesbank and some vague talk of the Bank asing a couple of other German banks to look at what would happen in the event of a split in the Euro zone. Resignation now refuted as “utter garbage” by Bundesbank!.
Likewise, but I went long @ 1.3280, 15 pip SL, came close too, but 50% off at 30 pips… I think I’ll probably be stopped out, as im now at BE, but I’ll be watching NYO for another chance for a Long.
Some divergence too, lower highs in the USDX, lower lows in the Fiber, higher lows in the Cable (only just)…
Here are my reasons - 2013 Jan 22 Volume Spike
Sorry I can’t maintain my site and post a full analysis and on here at the same time.
I’ll be posting on Twitter, or do you Tweet on Twitter?
Hi PP, are you using the MT4 Volume indicator?
Perfect analysis although i dont use Volume
Yes on IBFX, except I use my own colourful take on it, just to highlight the trading zones easier.
Yes - in retrospect a Short at the beginning of LOKZ on a TS was a “no brainer”, except my brain was stalking a Long, so missed that big pip haul.
Have taken first TP 30 pips
Final TP 13380
PP, I just can’t see this, the volume increase always seems after the event to me, could you explain a bit more please.
I’m still thinking of the T-Rex during the AS.
Suspect that Fiber may go a lot higher, although I’ll be all out at 13380 due to my other suspicion of a Z Day
It’s the amount of change, a spike, it will always be subjective as everything else, but it’s anything that stands out really.
i would say that you are not far wrong - compare the 2 Asain Sessions - the fibre and Us 10YR price - remember they usually act inverted.
notice the sharp rise in the 10yr WHILE fibre also was rising - this divergence very often indicates a false move, often I’ve seen that the bond market is right.
Also notice the doji on the 10yr up at the asian high later on, guess what time that is - 9.00 -9.15 gmt,
Now check the 9.15 candle on mt4 on fibre - checking my feed in my live a/c - that fibre action was 15mins later.
There were 2 heads up this morning from the 10 yr divergence - the first after AS that the fibre rise was judas and the second was at 9.00 LO that the fall had reached an end.
Yes Sir
OK. Thanks I will keep watching.
Well, this was decent, closed out remaining position @ 75 pips.
Its days like these that really illustrate the importance of using a tight SL to achieve big reward to risk.
Trading today:
15 pip SL @ 2% risk.
50% closed @ 30 pips, giving me 2% return.
50% closed @ 75 pips, giving me a further 5% return.
I think we’re going to continue up, but Im sure we’ll get another opportunity to get Long
Is it just me took Cable long?
Im with you
Does not t market structure is Bullish in 4hr/dly USDX? So, what’s make foreign currency go up? Even ICT also expecting a bullish move in fiber! Can anyone post the dollar index analysis please? Which part am missing?
imgur: the simple image sharer
Awesome!!! Glad I’m not the only one who is reaping the rewards today
Daily chart is already oversold… We shall see where this is heading…