So we should look for short entries on the EU?
Considering we are facing 2012 highs, we would expect higher volume prior to a return down, no?
Gus I would wait for proper buying climax following a downbar on H1. So selling maybe 2 hours from now.
Yes, after the unemployment from the states maybe.
The point I was making is that itās just a relatively weaker move than yesterdayās pound short, it could still go up quite a few more pips.
Who know the secret of the black magic box !
On the 1 Hour GBP weāve seen some pretty high volume, then extremely Low volume on a narrow up bar, Iād say thatās weak, good for a short?
Iād wait until is pushes out out of that recent range. But yes, iād guess it will push downward.
Buying pressure easing I think sheās about to sink, captain prepare to diveā¦
Keep an eagle eye on it and donāt let your wishes and hopes cloud sound judgement 
Remember the news in a couple of minsā¦
That would explain the lower volumes. Didnāt check for news. Pushed back of 1.5725 a few times, lower volumes, a test. Now a Nd away from the fall. But thereās News so I shall wait. Thanks for the heads upā¦
Wait for a No Demand on the GBP and then short, must be a goer?
Looking like it. Just broken through the previous channel. EU looking reasonable too, but was waiting to see if it may have double topped for us
Didnāt wait, jumped in when it broke below 1.5725 after it felt that level for so long. Anyone else get in??
ND need to be on the 5M or 15M?
I remember a post that you wrote that you use the 15M for this.
i jumped in to EURUSD with ND.
Yeah the setup was good. Distribution @ resistance level- up thrust- down we go . But in away we also just traded the news. Up 20 pips, gone to break even. Ppfx uses 15min. Petef uses 5min.
Been following the posts for a while but never really contributed. Getting good results so thought I would join in. Will try and post some of the trades I have made/make both good and bad for advise. Thanks
Not sure but I think you got the order wrong. The Nd should have been before the up thrust (bull trap) not after.
Shorted GBP/USD at 1.57237ā¦ profit at 1.56860 good stuff. Up 22% on my live account in 3 days
I am still in, aiming for todayās low at 1.5650. Locking in profits on the way. Thinking a big move after all that distribution.
Also gbp is weak against its euro correlate today.