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Volumes. Daytrading. Signals, trades and statements every day.
Good morning, traders. For the convenience and speed of reading, I will try to transform my posts and structure them so that you will feel most comfortable reading them.
Last day's results.
The market, as always, very accurately implemented the scenario we had outlined.
Yesterday I wrote:
"The potential for a move down accumulated at the top of the balance sheet has not yet been realized, moreover locally and even more so globally there have been no critical signs of a reversal yet.
To buy now precisely it is impossible. I expect fall further, at least to 1.1775 and further."
That's exactly what happened. The price fell to our target, even 10 pips lower.
Fixing the situation.
There was some serious volume at 1.1775 below and an equally serious reaction followed, which created a new intraday balance of 1.1765 - 1.1820, within which we will be moving in the near future. That does not mean that we have to reach the lower boundary of the balance now, then the upper boundary, etc., just that it is a price range that we are paying attention to now with its structure inside.
On the upside there was also serious volume and as I wrote yesterday, the potential for a move down is not globally exhausted and even after yesterday's move up, there were no critical signs of a reversal. For now we continue falling down to the levels in the zone of the lower boundary of the balance, and there will be seen the reaction, how far up the price will go within the balance after that.
Signals.
As there is a strong pressure from the sellers of a more global order than intraday, it is a bit dangerous to give buy signals, though we are in the balance and taking into account its current stage, it is possible to buy below the balance.
Sell at 1.18 with a target of 1.1775
Buy at 1.1775 and buy at 1.1765 with a target of 1.18
Can you help answer these questions from other members on NexusFi?
Notice how exactly, how beautifully the levels we set and the planned scenario worked out. We managed to sell and buy yesterday. I gave 2 signals to trade, one from above to sell and one from below to buy, and the price eventually went exactly at these levels. Below is a screenshot of the grid of levels that was drawn yesterday morning.
Fixing the situation.
Globally, the situation has not changed much since yesterday’s post. We are still moving towards the lower boundary of the global balance and there are no critical signs of a reversal yet. Nevertheless the volatility is quite complicated and as the consequence there is a lot of variability, so we have to be very careful now.
I am not going to give any specific scenarios and signals. We need to look at the situation at the moment.
Good morning, traders. I should say right away that today is not a simple day, so there will not be super interesting signals today, but this is fine, because we objectively assess the market and act reasonably within the system, instead of just making deals like on an assembly line, based on some mythical things like technical analysis or Elliot waves.
Nevertheless I will make a small review. By the way, I will add 6B (GBP/USD) soon, so there will be more signals.)
Yesterday I wrote, that there were no critical signs of reversal yet and indeed the price went down and updated another low, but then the first sign appeared.
The intraday key level at 1.1781 (red rectangle on the screenshot) was not retained and the price started to consolidate above it. But it is just the first signal, which is not enough to identify the reversal yet. Moreover, the price has broken through the level and is moving above it, but it has not yet repositioned.
In a word, now it is a difficult situation, which requires special attention and monitoring of the confirming factors.
Sell at 1.1825 and 1.1836 with the target at 1.1807.
The blue level is paid attention. If there is no buying there, the price will rotate above the level, hinting that it will not be held, you can carefully sell to 1.1765 and 1.1756. But this is not a signal, there are many factors to consider in the moment, so I will write if the selling is appropriate.
Yesterday I gave 2 levels for the short. As a result, the first level was beautifully taken and the second one we hadn't caught.
Unfortunately, when I wrote the post, I marked take profit where it should have been if the price reached the second sell level and forgot to indicate take profit in case if the market had fallen after the first level.
Nevertheless, the take profit was achieved, though not very big. I closed the deals far away myself.
In the coming days I will add the pound to our public trading. I have already made a couple of deals there yesterday.
I traditionally do not give recommendations on Friday, so until Monday 😉
Good morning, traders and chart lovers. We continue our public trading, which is effective and exciting by the way. Last week was a beautiful week, as well as all the others. I hope this week will not be an exception
Before we start, I would like to ask all kind and caring people to like the post. And the best and brightest to subscribe, at least for today, because in the evening, I will make a post with an overview of my daily analysis and transactions for June, it will be very cool and I would like the post was on the main page and more people saw it.
Fixing the situation
For the past 3 weeks we have been moving towards the lower boundary of the global balance, while also being in the local balance phase, which is expanding downward. Selling signs prevailed and there were no signs of a reversal, as I wrote about in my posts throughout this time.
Last week it formed a more consistent lower boundary and generated some volume there. At the same time, there have been no critical signs of a reversal in the global balance so far.
The best thing today is to hold an observation position and see how Friday's volume plays out. Most likely, the balance in the blue rectangle will be further rationing and expanding.
Signals. (At least I will give you something today.)
You can very carefully sell at 1.1795 with a target of 1.1771 and a stop at 1.1808. Although, if certain factors triggered, it is possible to close on the break-even if the scenario is unsuccessful. I will write about it in the Telegram if something happens. But better, as I said above, today to be in an observation position.
Let's sell at 1.1820 with the target 1.1795 and stop at 1.1837.
Under certain circumstances it is even possible to go down to the widening of the global balance, but many factors should work together, so I cannot say anything about it beforehand.
So, today is rather a day of aiming.
By the way, I will add 6B (GBP/USD) to my public trading, so... Well, yeah... Anyway... All have a nice week
I gave 2 signals to go short and one of them worked very well. The deals are shown on the screenshot. I myself, watching the situation in the moment, managed to get into a couple of deals.
Fixing the situation
We still cannot identify the reversal within the global balance, as the key level 1.1820 was not repositioned upwards. Plus the structure of the upward movement is not the strongest. But the situation is so far, that I cannot give any exact day signals today. It is necessary to look at the situation in the moment.
And we are professionals, so we won't make any unnecessary decisions if the situation is unclear. But most of the time there is clarity, so we are not worried
I did not give any scenarios or signals yesterday, but notice how beautifully our grid of levels worked out. Unfortunately, I did not have time to buy at the gray level, but I opened a couple of trades higher. Plus I got one trade on the pound. So far I have not done a full analysis on the pound and did not include it in my posts, but I will start doing it one day.
We are still in a complex, fairly tight balance, which is a very tricky situation. I will not burden you with analysis today, I will just give you trading recommendations, which I plan to follow today.
Sell at 1.1848 and 1.1854 with a target of 1.1825 and stop at 1.186.
Buy at 1.1810 and at 1.1798 with a target of 1.1820 and 1.1835 and stop at 1.1790
Buy at 1.1780 and 1.1770 with a target of 1.1807 and stop at 1.1763
Yesterday was a powerful volatile day, which worked perfectly with our yesterday's signals. We missed one entry level by literally 2 points. First, the first buy signal worked, the price reached take profit level. Then the price went further down and took long levels to buy, and then quickly reached the targets.
I didn't have enough time to watch the charts yesterday and I didn't manage to do everything I wanted, but the deals were done.
In the intraday auction, the signs of buyer power prevail. That's why yesterday we bought from the supports. Yesterday confirmed that strength, and it closed upwards and was volatile, and yesterday's volumes were buying.
It is rather dangerous to sell now, and it is naturally too high to buy. Therefore it makes sense to look around a bit, to wait until the price begins to test the nearest support and resistance, and based on its reaction to make a decision, to enter at these levels or not. Therefore it is difficult to give clear signals in advance. But I will try.
Sell at 1.1883, 1.1890 and 1.1905 with a target of 1.1863 and stop at 1.1912
We buy at 1.1809 with the target 1.1840
It is also possible that the price may go up from 1.1840, but here we must watch the price behavior in the moment.
Yesterday I wrote that the signs of buyer power prevail and that it is dangerous to sell. As a result, the price grew the whole day and reached the levels I gave for shorts. Although, I said that it was better to wait and look around. The price reacted both to the first and the second levels by the pullback, but did not reach the target.
Just a few minutes ago the last short level was taken and the reaction followed at it as well. In general, considering the situation and the fact that within the local balance there was an upside reversal, plus the intraday signs of the buyers' strength still prevail, it is dangerous to short, but we tried it and we will see what will happen next. The target is now at 1.1870 and the stop is at 1.1915.
As usually I do not give signals on Friday, the more so that yesterday's signals are still working, therefore I wish everyone a nice weekend.
By the way, it will be August already on Monday, so I will make a post with review of deals and results for July. The month turned out to be very productive. Thank you to everyone who is interested in my blog and my public trading. Thanks to you my actions are becoming more deliberate and overall trading is more interesting and exciting.
Good morning traders. A new month has arrived, which means we have turned the next page in our stats and I will make a post with an overview of the results for July in the next few days. Our trading is getting more and more interesting. At the beginning of June we started with 30 euros, and now the account is already 214.
As always, let’s start with a review of the results of the last day. Or rather the past two days, because my signals of Thursday worked for 2 days in a row and they worked fine.
First of all, I said that the market was strong from the buyers point of view, nevertheless I gave some short-side signals at the top of the market. In the end the market did show growth and eventually reached short levels. Three of them were given. On the first two there was a clear reaction right on the levels, but the target was not reached and the price finally reached the last short level, from which it powerfully and beautifully reversed down having reached the targets.
However I haven’t traded on EUR in particular, as all my lot was placed in GBP. But I did make a couple of deals. Notice how nicely the grid of levels works.
To continue a full upward movement within the local balance to its upper boundary at 1.1968 it is necessary to hold the level of 1.1820.
Today, the price is likely to rebuild the intraday newly formed balance at 1.1850 – 1.1905. Although, if Friday’s high volume level at 1.1860 is not held, then 1.1835 and 1.1820 may be tested.
Short at 1.1905 (exactly at this level if certain factors are met… I will describe in a moment) and at 1.1922 with a target of 1.1888 and a stop at 1.1932
We buy at 1.1823 with the target 1.1848 and stop at 1.1806.
In the Pound, I did a preliminary analysis and drew a grid of levels, but I have not go deep enough to give specific recommendations. Therefore, the first review on the pound will be tomorrow.
