Hah, down and up, your raking it in yo-yo style, now for back down again! I think the words you sometimes use, rinse and repeat!
5 min showed high volume/pinsā¦demand coming in, Iām sure you see that. Also, the 1hr closed bullish as I mentioned I was waiting for. My entry was on the push through supply (effort to rise) at 10:00 gmt. My stop was at 1.3125. Again for the record this was an aggressive, counter background tradeā¦but the setup was there no doubt.
btw, the āreasonā for that wild up move was due to China getting involved in saving the Euroā¦blah blah, SM was already positioned before hand.
@ pete pls ā¦i tink we are on a mark down now,cos of d high volume in the 1 hr chartā¦but pls correct me if am wrongā¦awiatin ur reply plsā¦still learning dis system
I always appreciate your posts. My charts, thanks to my feed from both Go Markets and Realtime didnāt show any pins or other signs on the five minute chart. Surprisingly, it showed up crystal clear on the one minute chart. I donāt usually use the one minute chart, any thoughts on using the one minute chart for set ups. Thanks in advance,
Mike
We are simply in a range by my definitionā¦neither dist or accum, but it does seem more selling than buying so it could break down out of the range eventuallyā¦but the proper entry was that ND up high in the range at London open with weakness to the left.
That wild up move on breaking news ends up being a sign of weaknessā¦would be typical to move down to the bottom of the range after such a maneuver.
Then 2 ND, 50 PIPS, thanks very much!
Yeah, I noticed that wild move up candle on the 5m closed close the point of that initial ND at the London openā¦
If I wasnāt trying to be safe and keep the profit for the dayā¦and we didnāt have that fib zone in the way, I would have taken it too. Maybe taken it against the fib, afterā¦such a maneuver lol. Congrats!
A bit of irony there I think, I think that was the safest of all!
Ha! point taken. 
EUR/USDā¦distribution phase in 1H and also 5m TFā¦the end of the partā¦ miss 1st opportunityā¦will wait later on retracement with the sign of Last Point of Supply. Wickoff mention: feeble rally attempts on narrow spreadā¦blaā¦blaā¦blaā¦
Hah, I wasnāt making a point as such, but actually that is kind of the point - thatās how trading is, up again then? 
GOOD LUCK
Mike
Thatās funny, Iām long off the 1H 61.8, all that demand showing up there, push through supply 13:30, shake out at 13:55, confirmed NS after thatā¦ Risky long into a fib area but, thereās just soo much demand showing up. I could be wrongā¦ 
I was seeing the long as well, but I wouldnāt buy into that area of weakness. Keeping it simpleā¦the 1hr had stopping vol at fib zoneā¦then all kinds of long entries showed up on the 5 min off that fib.
too aggressiveā¦not good! but hey! itās doublr doji! go short!!!
Only put a small position into it, wasnāt expecting a big move, but a move nonetheless.
Glad most of us caught that long 61.8 fib. Looked like a nice easy setup on my first day back trading. Been out of the country the last few days and 4% is nice on the first morning back!