AU looking weak, just waiting for the breakout south
What time you going to bed? 7-8p eastern?
Things finally opened up yesterday, a great EU short was on, 8:1 RR! (Iāll sheepishly admit I had a TP at 2:1)
this tight range/low vol has been rubbish this past month.
Hello Petefader, I`m in the process of reading "Master the Markets"by Tom Willians and I became in love with VSA methodology. As a rookie in this method, should I start reading your older thread to get a grasp of the the method or starting from this one is fine?
regards
looking really weak, still waitingā¦:eek:
Isnāt the overall background for AUSUSD bullish?
Depends on the time frame, month bull, weekly bear both at retracement points. The daily/4 is sideways in a distribution or reconsolidation triangle. The 1hour which is what we use most is in a downtrend. Well see what todays news brings
I intend to do that in the near future. Summarize all of peteās work in a simple format for him to distribute. Just need time to go back to re-learning vsa again with my busy hectic work schedule.
How are you pete! been a while! hope you are doing well. hope family life is treating you well 
I am not sure I would consider it bullish. More rangy/consolidating, I would like to see where price goes on the daily. Either way I did catch a nice short earlier this week.
Looks like lots of high volume selling on the eurusd 1.3420 level
Closed for small profit, something doesnāt feel quite right.
Anyone else got some setups?
Thatās why i didnāt took it. High volume on the bottom of first bar pushed the market up. And we are still above that volume. To risky for me.
Thats a crazy looking chart, what kind of chart is it?
Itās a cluster chart.
Current situation on the Euro, itās a good start.
Edit: Sorry for the bad quality, i have no idea how to change that.
gbpusd looking like its building up long orders prior to the rate decision
good time to get in a eurusd sell if you missed it
Yen short offered up last night, Iām officially a convert that the 1HR TF is where to read the tea leaves.
Hereās my analysis of EU.
My short might not have been warranted, as we saw a decent amount of Demand enter the market Thursday. But one look at the daily and youāll see weāve been trending down for quite some time, however, we could be oversold. With the bearish reaction we saw Friday, on what could have been a day of profit taking, a failed attempt to get above the weekly highs suggest to me that we could move a little lower.