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- tuffysteeler replied Nov 7, 2019
Trying to be patient with GBP/USD but it's testing my nerves right now.
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- tuffysteeler replied Nov 7, 2019
Ideally I'd like to see the GU retest the high of the day at 1.28773 but will probably end up somewhere in the middle.
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- tuffysteeler replied Nov 7, 2019
PokerChip, I'm not sure if you've tried this but another thing that helps me find where I am in the cycle is to zoom out a bit and count the small volume clusters or "U" shaped patterns as it moves down and finds the reversal area.
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- tuffysteeler replied Nov 7, 2019
I appreciate the compliment PokerChip. Counting the levels and trying to get into the mind of the MM is the only way to look at this business. Other indicators can provide a little confirmation after the fact but that's about it.
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- tuffysteeler replied Nov 7, 2019
I'm hoping this area aligns with that "support" level to the left. Either way I think that even if I'm early by a level it's ready to come back by three more levels by the end of the week. At least that's my wishful thinking.
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- tuffysteeler replied Nov 7, 2019
Alright, I went long on GU I couldn't help myself. I may be catching a falling knife but my bias is upward for the day.
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- tuffysteeler replied Nov 7, 2019
I think the GBP/USD is ready for a reversal. I'm going to wait until the shift change to see where it settles before entering long.
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- tuffysteeler replied Nov 6, 2019
I've been trapped too many times in the past using indicators. I've often wondered if it would be a viable strategy to just trade the opposite way that most indicators tell you.
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- tuffysteeler replied Nov 6, 2019
They have those buyers trapped and they're not going to let them go. They'll give them a little hope then pull it back down until they give up. I'm hanging on to this until it bottoms out on Level 3.
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- tuffysteeler replied Nov 6, 2019
That long green candle looks like they're waving, "hey, buy me buy me!" Not to mention, Midweek reversals usually come after a run up like that.
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- tuffysteeler replied Nov 6, 2019
As PokerChip says think like a Market Maker. The way I look at it is that if I were them I would would have driven the price of the USD/JPY up dramatically then take advantage of the support traders by pumping the price up to induce buyers, then ...
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- tuffysteeler replied Nov 6, 2019
It looks that way. I'd say level 2 is coming today. I wouldn't be surprised if it ran up to stop hunt though before breaking the low.
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- tuffysteeler replied Nov 6, 2019
The EUR/USD looks like it's going to break to the upside after finding support at the "W" bottom formation.
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- tuffysteeler replied Nov 5, 2019
I'm in on GBP/CAD at 1.69358. I'm hoping it's on the second leg of a "W" at the 3rd level. Time will tell I guess.
The Jail Break System