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That is why you must understand each party of the market. The motivation of each of them. Those who took profits then you was short. They are was speculators scalpers of small timeframe. And they are profesionals too. Why they took profits? Answer lies in motivation and how they see market.
In general and in a big TF euro is going down. It need to test important levels of support to find byers who will pull it higher, because sellers want theirs profits and will became less and less agressive with each movement down.
Before you start to learn COT you need to learn how to jump in the right moment using a tape, how to jump with a minimal risk. COT is a next step. Do not hurry.
May be you will not need COT at all)))
Euro FX. I do not like thin instruments so Dollar index is more likely. But there is levels for your battle)))
Here is the deal. Today you look tape at this prices. You record a video or taking notes there, and then write a post on this topic with your observations on euro.
1) big prints
2) dynamics
3) limit orders on ask and on bid and size of them
4) result
this is 4 moments of your observations))) that will be very interesting)))
Yea, Its nice to know now that there are 3 parties and not only 2. lol. Thin Instrument? I do not know the difference in behavior between thin or fat. Euro is fine for now. Am I allowed to know what these levels are or not yet?
This is the chart you gave me. The highest level is at 1.4220. When I start at 7am central, price was already above there and went up... If you tell me how you made the levels I could of put more higher. I think you just mark the highs on the daily chart for above current market price. And below current market price you mark the daily lows and try to get at least 2 daily lows at same price.