Revised Plan Shorting from .2400 Should be around CPI release.

Tug-of-War Journal

Today's Plan: Trade the short on double top Repeating yesterday's cycle. Should kick off new downward three push if no reset. image

Tug-of-War Journal

image Looks like cycle has finished. If this is right there is upside to come next since we broke the upward momentum and no new lows were possible. image Looks like the second half of the 15m cycle is coming around. I won't say how big its ...

EURUSD only

My point was Stop-Loss is miss named. It should be named: Automatically Executed Market Order But it is easier to sell a new trader on the idea their money is safe if they use a 'Stop-Loss' since everyone hates to lose money. But it is not 100% ...

EURUSD only

I wasn't talking about S/R. Only the mechanics behind price movement. You are right S/R are a combination of both Limit and Market Orders. When the Market Orders overwhelm the Limit Orders Price will continue. When Limit Orders outnumber Market ...

EURUSD only

Try Tonga! LOL

EURUSD only

Or you could think of it like this. Market Order = Car Limit Order = Wall The Car will keep driving until it hits a Wall. If the Wall is too thin the Car will keep driving until it hits a Wall thick enough to stop it. The exchange rate only changes ...

EURUSD only

Sadly Stop-Losses are exactly the same as manual exits. Stop-Loss = Automatically executed Market Order The common misconception is that a SL MUST be filled at the price it is placed at. This is just not so. Since it is a Market Order there must be ...

EURUSD only

I think the move up was the pre-planned move for the day. There could have been lots of excess dollars that needed exchanged into Euros. The China Tariff news was the 'excuse' to move those dollars in without anybody being the wiser. This also ...

EURUSD only

Truth is China needs the US. The last decades of growth have come because of the large trade deficit the US has been running with China. This is a wealth transfer fueled by an artificially weak Yuan. They have been in a trade war with the US for ...

EURUSD only

Most of the ADP releases used to look like todays reaction. Blah to nothing so I started ignoring them. I remember a few years ago when ADP adjusted their calculations to be more "accurate". It took most of the punch out of regular Non-Farm numbers. ...

EURUSD only

So why no big swing for non-farm??? Anyone? Really great better than expected news for US. Should be major US strength right?

EURUSD only

I'll take my own chill pill

EURUSD only

"You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before." - Rahm Emanuel Supply of a currency doesn't change rapidly. (The exception is QE) It is all being printed ...

EURUSD only

Going Forward I see this. We are at the arrow in the pattern more down to come. maybe around .2200 Again doesn't have to happen this way just what I am seeing at the moment. image

EURUSD only

Friends all they do is repeat the cycle! See a new pattern? Wait for it to repeat... image

EURUSD only

If your DOM indicator is using the data from a Level 2 Depth of Market feed it is the best one I have seen. All the DOM indies I have looked at have been based on Tick Volume. This is not Depth Of Market information, sadly. Only volume plotted on a ...

EURUSD only

This is a market structure question. The spread is made up of Limit Orders ONLY. This is our liquidity. Market orders are immediately absorbed by the limit orders on offer/bid. Market orders do not show up in the market until they are placed. Limit ...

EURUSD only

Agreed bullishness next.

EURUSD only

The first one looks like a completed two-cycles with three pushes. I don't see a third push yet on the current two cycles. image

EURUSD only