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EURUSD M6E/6E Euro

  #901 (permalink)
 
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 tderrick 
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Al Brooks - "if pice is moving in one direction , I expect it to move that way forever"

= Short until proven otherwise...


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  #902 (permalink)
 
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 madLyfe 
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Big Mike View Post
If a market moves down easily but has a hard time moving up, why would that be bullish?

Mike

ya i know.. i read something i thought was there that was not.. at least im not planting any trades atm..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #903 (permalink)
 
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 Silvester17 
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Big Mike View Post
Why? That makes no sense to me.

Mike

sometimes (certainly not always), the market needs to go where it causes more pain.

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  #904 (permalink)
 
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 trendisyourfriend 
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Basically you are saying market makers may hide their real intention by faking a move in a certain direction while their true intention is the opposite direction. But what signs would reveal such a fake move is developing according to you? And what made you believe this is what was occuring today?


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


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  #905 (permalink)
 
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 Silvester17 
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trendisyourfriend View Post
Basically you are saying market makers may hide their real intention by faking a move in a certain direction while their true intention is the opposite direction. But what signs would reveal such a fake move is developing according to you? And what made you believe this is what was occuring today?


I don't know about faking a move. don't think you can apply certain rules to find reliable signs either. it's just one of those phenomena.

sorry for not being able to give you a better answer.

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  #906 (permalink)
 
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 trendisyourfriend 
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Big Mike View Post
If a market moves down easily but has a hard time moving up, why would that be bullish?

Mike

I think he was alluding to Yoga Trading where you trade upside down.

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  #907 (permalink)
 
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 Trafford 
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That is the thing if a market grinds up then quickly like a flash drops but drops to a place where there were signs of previous buying then you could infer that the market moved lower to buy from the weak buyers that liquidated their positions i.e. what you saw was initiated selling that was nothing more than a stop run in motion not too easy to see and to confirm but I guess it is about context. We are always looking out for the market to make a higher low on the retest to confirm that the market has enough shorts to make a rally to the upside and vice versa. A failed new low or failed new high brings about imbalances. Quick drop then build, quick drop then build, then you must watch for a failed low this is the final test before the rally.

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  #908 (permalink)
 zt379 
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difficult to annotate in real time /save/ post etc..
I was expecting the move up to complete the last leg of the volume cycle (thin black arrows).

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  #909 (permalink)
 zt379 
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all levels have expanded (pushed top trend lines up) so I expect a go around
(retrace and then move up) seeing this on the finer level = dotted lines/red/balck arrows.
Have no idea how low the retrace will be other than it not blowing out it's P1 @1.3060
nor how high the final move up will be..just my 2 pennies worth.

Ps: red/black arrows and trend lines in the blank space on right of chart are not prediacting the price
at which this ought to happen..they are floating..just indicative of the volume cycle I expect to complete.

PPS@ @Trafford....7-1...7-1...7-1...

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  #910 (permalink)
 zt379 
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Got the retrace and increasing black (dominant) volume for the last leg of the fastest cycle which is completing the
slower (thicker trend) line cycle.
No idea how far this will go etc...but seems we are in the final leg of things towards a new P1 of a down trend, not withstanding additional expansions of latest top trend lines, where
ever that may arrive...wierd stuff eh...and thats all she wrote...

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