A cluster of stops all the way to 1.6218 on GBPUSD
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stops hit on eurusd
EURUSD took 1.3877 support area and hit stop losses. Longs on EURUSD have evaporated. Fresh long traders wiped out. Retail traders saw this as an oportunity to follow the easy way. Stops are most welcome to push the market lower. Professional money waited for newcomers and belated traders taking the opposite side. The market trapped longs above 1.3945 towards 1.4000. Next very sensitive area at 1.3803.
GBPUSD heads towards 1.6372.
GBPUSD heads towards 1.6372.
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GBPUSD has hit 1.6372
GBPUSD has hit 1.6372, one of those levels that really matter. Really.
GBPUSD surged from 1.6372 +60 pips
Now you know why 1.6372 really mattered.
GBPUSD surged from 1.6372 +60 pips. The market is too fast to post everything I want.
GBPUSD surged from 1.6372 +60 pips. The market is too fast to post everything I want.
LONG GBPUSD @ 1.6336 and below, TP 1.6390
LONG GBPUSD @ 1.6336 and below, TP 1.6390.
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- gbpusd11.gif (78.08 KiB) Viewed 3870 times
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LONG GBPUSD @ 1.6336 closed at 1.6356 (+20pips)
LONG GBPUSD @ 1.6336 closed at 1.6356 (+20pips)
GBPUSD signaled a buy but momentum was feeble
GBPUSD signaled a buy but momentum was feeble and the position was closed. We know the target of a next retracement, however.
Stops were hit below 1.6372 but suprisingly not many, perhaps because there were limit entry buy orders which stopped the selloff and they have kept prices flat for almost 6 hours. The limit entry orders may eventually run out and prices may be pushed lower with this momentum. Strongly defended lower area lies at 1.6218. On three attempts no stops were found there, only limit entry orders. It is possible stops could have been moved higher and are on the way to 1.6218, not below it and the market is nearing those stops at a steady pace now. If hit GBPUSD would need little energy to dip below 1.6218.
At the moment I see a cluster of stops of those old and these new long positions. Once triggered it is easy to predict was will happen. Looking for a new low with a contrarian trade may be very unattractive from the perspective of risk/reward ratio.
See the next chart what is beginning to happen.
Stops were hit below 1.6372 but suprisingly not many, perhaps because there were limit entry buy orders which stopped the selloff and they have kept prices flat for almost 6 hours. The limit entry orders may eventually run out and prices may be pushed lower with this momentum. Strongly defended lower area lies at 1.6218. On three attempts no stops were found there, only limit entry orders. It is possible stops could have been moved higher and are on the way to 1.6218, not below it and the market is nearing those stops at a steady pace now. If hit GBPUSD would need little energy to dip below 1.6218.
At the moment I see a cluster of stops of those old and these new long positions. Once triggered it is easy to predict was will happen. Looking for a new low with a contrarian trade may be very unattractive from the perspective of risk/reward ratio.
See the next chart what is beginning to happen.
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- gbpusd1122.gif (48.19 KiB) Viewed 3854 times
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- gbpusd112.gif (22.46 KiB) Viewed 3863 times
TheRumpledOne meddles in my thread
TheRumpledOne meddles in my thread.
You wish this LIVE TRADES AND TRADE RECOMMENDATIONS went dead. You have deleted the important content of my thread and unabled editing the title. Are you in a conscious command of your brain? Do you happen to understand what an alert is and what modes are essential for its display?
You wish this LIVE TRADES AND TRADE RECOMMENDATIONS went dead. You have deleted the important content of my thread and unabled editing the title. Are you in a conscious command of your brain? Do you happen to understand what an alert is and what modes are essential for its display?
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GBPUSD slumps
GBPUSD slumps further. Knowing where limit orders and stop losses hide is more than anything.
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- gbpusd11223.gif (47.58 KiB) Viewed 3840 times
more stops triggered on GBPUSD
More stops triggered on GBPUSD. The pair has touched 1.6218. All levels are equal? NO, definitely NO.
There are very serious reasons behind this fact and knowing those reasons is more important than anything else. Now you also know that the use of conditional sentences in market outlooks is to give cover for people who do the job but should be banned to.
There are very serious reasons behind this fact and knowing those reasons is more important than anything else. Now you also know that the use of conditional sentences in market outlooks is to give cover for people who do the job but should be banned to.
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- gbpusd112231.gif (59.81 KiB) Viewed 3825 times
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