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Until price was in free fall I stopped all attempts of buying corrections and most time was waiting proper conditions to short (but market didn't give me anything). On the night of 26/09 I saw huge volumes and spike = its all good sign of at least correction. Or new trend.
But when I looked into options I didn't see (and still same picture) anything about new trend moreover - on weeks puts prevail over calls and I see levels below 26/09 lows. This is not good. Not good. Simultaneously COT data shows same as before - shorts (but they may delay for weeks).
I made some considerations about future movement of GBP and God Gives me something which I reflected on the pictures below.
1) Good scenario.
Scenario 1
If price doesn't stop falling from my limit order then
2) a bad one Scenario 2
And if price on GBPUSD goes lover 1:1 to 0,96 - 0,95 then what will happen to euro?
Can you help answer these questions from other members on NexusFi?
Long time no see, while 6b is bit unclear for me i switched on euro and below a few small trades. I have to wait a lot because market gives not too much opportunities now.
6e-micro
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one more thing i want share with others
couple months ago I've founded really worth to read (and watch) - high stakes trader Tom Hougaard
we made new low but we are in up correction and as I wrote 24 of Oct - for myself I see NQ in up correction generally, moreover - this whole movement which started 13 of Nov is 1st attempt to do something bigger than just a up correction. You could say - you trade against strong downtrend and you right - so this is why I added so small money (s/l = 188$).
NQ 2022-11-30
what I think about GBP and EUR - I check periodically open interest - we just distribute money so I don't trust in this uptrend, I think its kind a correction of global downtrend but I'm waiting (just waiting) of new points to enter in longs and I hope to see something maybe till end of this week.
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I always thought - I'll write something... idk bigger with great details in my journal but reality is - I can't. For me better to write everything on the chart (also not too much) and add something in comment, moreover hardly read other journals - because others in their universes)
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So this is it. Lets say - I was lucky. I wait for something bigger = this is not the end but I have only 1 contract and I took money off the market.
something interesting & important in nq and i want share with others NQ
im watching nq so i added the biggest levels (red - puts, blue - calls) on the chart in month / week options and you can see how they work, so if im right i expect to see price at 10500 - here maybe another pivot point
to better understand contrast of that volume i added screen with weekly puts
don't pay attention on total result sum, its grand total volume, not reflected one figures