I have a trendline there (1.2280). Will take partial profit but so far price goes there without retracement..(7 bars up in a row). Might go thru. nobody knows. Ivo

EURUSD only

reversed (ALT-R) ;-) with small loss. Still not safe.. I just HAVE to trade the opening. Too many nice moves.

EURUSD only

Shorted exactly at this moment. High volume bar going up..low range... Taken out by another bar that started with high (prorata/projected) volume..then volume dropping of while going down taking out previous bar. FBO of my shallower channel forming ...

EURUSD only

preflight check We're trading around yesterday's high/close. Range only 34 pips so far. Average volume over the 14 last 5min bars is very decent. On the daily price has room to go until around 1.233 However, right now we're going down. Price well ...

EURUSD only

Some observations... 1. Daily is snapping back on INCREASING volume... 2. Note the power of the VWAP (on the 5min..). All the time action around it. +91 pips today but not enough size on the good moves. Still very decent, had a bad start.

EURUSD only

Yeah.. or maybe what we've been "waiting" for whole day is happening! ;-) Ivo

EURUSD only

I agreed at moment of writing. Luckily I could take 2/3 profits and 1/3 hit SL. Then re-entered at good price. Right now it seems a "little" different..

EURUSD only

mmm interesting... re-entered.. Something happened around here that made me hold it some longer... I don't know...it's different. Ivo

EURUSD only

This move was not extremely hard to see... :-) Before that it was struggling. Thinking about not trading at all before news.

EURUSD only

preflight check We're at trendline on daily... kind of went thru it yesterday but on low volume. If we snap back we may have a big move to the upside. Range so far only 29pips. Short term trend is bullish. Trading within yesterday's range but took ...

EURUSD only

Tough session... I'm not convinced at all about the bulls. There seems to be resistance ahead all the time, on every attempt. Of course the high-volume pinbar at the bottom was a nice gift!

EURUSD only

+17 pips, not trading very well..

EURUSD only

Sure, I don't disagree. But a lot of these 5min candles may look very differently as 15min candles.

EURUSD only

BTW about these high volume/low range candles... We have to also check the higher timeframe. It may look like high volume / low range on the 5min but then when the 15min finishes it may be that not much is going on. The higher timeframe prevails ...

EURUSD only

I'm watching 1.2222222222222222 Ivo

EURUSD only

yes... but after 9 candles going one way I've never seen price NOT trying to make a point 3.... So.. yes... true.. but just for a point 2 (I believe). However... these point 2's often also provide good opportunities cause they may go further than ...

EURUSD only

until this bar it was yes... all depends on the timeframe.. Ivo

EURUSD only

preflight analysis We moved only 25 pips for far. A small move in beginning of day increase the chances for a big one later on. We are around yesterday's lows... volume is low right now. If it goes up today it could go big because we're at important ...

EURUSD only

Mm.. maybe not the best day for taking the afternoon off... ;-) +4 pips today..from the morning, lol. Another day tomorrow. Ivo

EURUSD only

what's up what's down? We're talking 37 pips range here on EURUSD... takes about one second to take all that out. It's nothing. Ivo

EURUSD only