EURUSD - Last Friday we got a move into sell area I was writing about on August 22. I took a short trade on Friday but was quite agressive, so the entry price was not ideal.
I closed that position few minutes ago. I do not like this market. We are in 10 pip range and volume is so low.
Crude Oil - My video analysis (2013 07 23 Crude Oil Market Profile Price Action analysis - YouTube) from July 23 is still valid.
However it is important to appreciate the current situation around Syria. I have hedged my short position. I expect move around 115,50 and eventually 118. I will close my hedge around those levels.
I do not rule out a violent spike if something goes bad politically or militarily. I will keep eye on this market and eventually hedge again.
Market is strange since yesterdays spike to the upside from key support around 1,3325 - 1,3315.
At the moment it occurs to me that price is likely to test below yesterday´s low. Thre is key support around that low so it will be very important what happens around it. We have poor high yesterday, so there is good potential for upside move.
If we do not close below 1,3320 on daily I am more inclined to price rising and testing again into 1,3400 - 1,3415 area.
The poor low was tested yesterday.
EURUSD - I have changed my medium term bias to short side. Yesterday we broke away from previous medium term Value Area (VA) and broke below 1,3300 with a single print.
Yesterday´s daily VA was established lower which made me change my medium and short term bias to short side. I am waiting for price to get into 1,3280-1,3300 resistance and will look for short trade there.
EURUSD - I have posted new video analysis on EURUSD.
Check it at 2013 09 03 Forex EURUSD Market Profile Price Action analysis - YouTube
Hi Tomas,
I just start learning market profile myself and I find your thread very interesting, hope to learn alot here.
Cheers
Hello ysnoor. Good to hear that. Market Profile has really brought my trading to much higher level. Give it time and effort, it will pay off.
Thanks, I’m still new trying to get myself familiar with it.
I’m using market profile 2 indicator I got from earnforex.com, not sure if it’s good or not, but so far it seems okay to me. The way I see it, yesterday EUR/USD value was around 1.3120, and looks like it’s ranging so far today, not really sure what to expect considering NFP is coming up later, any insight?
EURUSD - Friday´s data did not bring continuation of downside move. There is poor high at las week´s high. I consider it healthy to be tested, before continuation of downside move continues. I see sideways move as more likely for today, but I do not rule out bigger correction all the way to 1,3300.
I still maintain my medium / long term view that 1,3000 - 1,2900 area should be tested.
I currently hold long position with target at 1,3210. If target is reached I will wait for test of last week´s high and then look for signal to enter into short position at one of the resistances highlighted in the attached picture.
EURUSD - we had a nice short squeeze during Monday US session. Yesterday, the short covering continued in my opinion.
I closed my long from Monday´s tweet. I tried to short from 1,3240, but closed the postion for a scratch, since value migrated higher.
At the moment I am long from 1,3261 and I expect test to 1,3300. I am still willing to short there, but I want good confirmation.
EURUSD - We have poor high from yesterday and also from today. There is also poor high from August 28. All these highs are candidates for a test and I expect price to test them.
I have short term bullish bias and hold long position. I consider it healthy for price to test at least into 1,3350 - 1,3360 area which I consider a good resistance. I will watch for signs of sellers there. If sellers do not enter there I would expect test above 1,3400 with 1,3420 another good resistance where big sellers could enter the market.
There is poor structure below current price so the risk for downside move is high. I still maintain my medium to longer term bearish bias with potential to test poor low around 1,3100 and 1,3000-1,2900 area of crazy overnight move after FOMC MM release.
Not doing anything since Monday. Waiting for big Ben tonight. For EURUSD I still maintain my medium to longer term bearish view with potential to test into 1,300 - 1,2900 area of ineffectivity.
We will know more tomorrow.
EURUSD - I had to completely forget my bearish bias when Ben surprised the market last night.
I immediatelly took 2 long positions. I closed the first one few minutes ago and still hold the second one.
My bias is clearly bullish at least for few days. I will attempt to enter long again if I get pullback into support.
it’s seem a trading jourmal only than a trading system. >.<
FastStare - From time to time I share my view at the market (see the whole Thread). In order to show that I really do the trades in line with my market view I post printscreens from those trades. If you go trhough the whole Thread you will see the consistency and next time you see my post you might simply give it more weight.
I am not here to educate. I only share knowledge.
Have good trades
it is P&F Chart?
its seems like a Price Volume Chart. Sorry I don’t get your whole thread. entry/exit you made profit but How you share your knowledge if You just shared your entry/exit diary? you shared your chart but It’s hard for newbie to gauge the market with that.
This is Market Profile chart. It is part of Market Profit Pack (simply Google it out).
As for sharing my knowledge - if you take my post from Sept. 13 for example, I clearly stated I had short term bullish bias, I hold long position and I highlighted 3 different targets in the chart.
What more would like like to have to gauge the market?
