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EURUSD 6E Euro
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EURUSD 6E Euro

  #941 (permalink)
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Silvester17 View Post
sometimes (certainly not always), the market needs to go where it causes more pain.

Nice move up today, maybe it's a bearish sign ?

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  #942 (permalink)
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The € is on a News-flight to the sky !!!

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  #943 (permalink)
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trendisyourfriend View Post
Nice move up today, maybe it's a bearish sign ?

I recall Jim Dalton saying once that sometimes markets like to go down before they go up if you get my gist. Until the market left that 9 day balance area either up or down you could not really tell but now we know they went down purely to buy and suck in some more shorts.

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  #944 (permalink)
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Trafford View Post
I recall Jim Dalton saying once that sometimes markets like to go down before they go up if you get my gist. Until the market left that 9 day balance area either up or down you could not really tell but now we know they went down purely to buy and suck in some more shorts.

No we do not know that. The market went down because it went down, and we don't know what it will do next. So, I go in my trading plan, and follow what it says to do when the market goes down.

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  #945 (permalink)
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SO

so , what is next

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  #946 (permalink)
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The trick is to know when we are in a pure mark up or mark down phase. If it can not be established then the phase may either be accumulation or distribution according to the VSA cosmology. Maybe the 9 days of balance were a phase of accumulation taking place. Who knows ?

As monpere wrote : "I go in my trading plan, and follow what it says to do when the market goes down"


Trafford View Post
I recall Jim Dalton saying once that sometimes markets like to go down before they go up if you get my gist. Until the market left that 9 day balance area either up or down you could not really tell but now we know they went down purely to buy and suck in some more shorts.


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  #947 (permalink)
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monpere View Post
No we do not know that. The market went down because it went down, and we don't know what it will do next. So, I go in my trading plan, and follow what it says to do when the market goes down.

That is correct we don't know why it went down but we can make an inference based on logic that the market has been in a 9 day range traded down to an area it had previously traded failed to trade lower was met with responsive buyers and traveled above a 100 day ATR high. I am just using deductive reasonging based on market generated data.

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  #948 (permalink)
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Can you post a screen capture of the 9 day range as you see it on your platform. I suppose you are using market profile!


Trafford View Post
That is correct we don't know why it went down but we can make an inference based on logic that the market has been in a 9 day range traded down to an area it had previously traded failed to trade lower was met with responsive buyers and traveled above a 100 day ATR high. I am just using deductive reasonging based on market generated data.


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  #949 (permalink)
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trendisyourfriend View Post
Can you post a screen capture of the 9 day range as you see it on your platform. I suppose you are using market profile!

I do not use Market Profile, I used to but not anymore. I can get the same thing from 30 or 60M bar charts. MP is only good for organising the data other than that not much else IMO

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  #950 (permalink)
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trendisyourfriend View Post
Nice move up today, maybe it's a bearish sign ?

some use larger time frames to get the "bigger picture", I use "classified facts".

don't see any reasons for a bearish sign. if the worst should happen with greece, I would let the "fast fingers" puke and then go long again.

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