mjws00 wrote:EURNZD. Interesting chart. Almost identical to that GBPUSD chart the fox tricked me on. But could set up very nicely with a 3 move push. Tap the High, sell it.

Made my shortlist.

lhDT wrote:Is this a "M" on cable ?
If yes, is it a good plan to short at the top, and again at the bottom when broken ?

Captain Jack wrote:

Angat wrote:

Pueo wrote:

lhDT wrote:

Angat wrote:Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push?

Broke yesterday high, broke asian range, strong h1, stong m15 with no wicks.
It this is just stop hunt, that's really big hunting time !
My short is currently at -50 and SL is 50 pips away ...

Will try to stack at the first signal.

We should expect the stop hunts 25-50 pips above/below the asian consolidation zone.

Stop hunts do not always happen or do they?

They don't happen before a straight away move....

CJ

Captain Jack wrote:Anybody watching EURNZD?

CJ

swisscheese wrote:

Captain Jack wrote:Anybody watching EURNZD?

CJ

CJ

This Level was good for a few Short-Trades with very low Risk/tight SL.
Maybe it ist still a good Short Level...

Now I'm Long here as the Low prints are pushing higher.

Edi

rosst wrote:

Captain Jack wrote:

Angat wrote:

Pueo wrote:

lhDT wrote:

Angat wrote:Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push?

Broke yesterday high, broke asian range, strong h1, stong m15 with no wicks.
It this is just stop hunt, that's really big hunting time !
My short is currently at -50 and SL is 50 pips away ...

Will try to stack at the first signal.

We should expect the stop hunts 25-50 pips above/below the asian consolidation zone.

Stop hunts do not always happen or do they?

They don't happen before a straight away move....

CJ

I went back about 2 years and stop hunts (25-50 pips above/below price) happen a few times a month )if I remember correctly - maybe 3 or 4 times a month on most pairs) - and when price hits that zone - about half the time it will show you an M or W and then keep on going (not reverse as expected). Some people like CJ can see this stuff like no one else! Plus he is saving you guys over 5 grand for the useless courses out there...

swisscheese wrote:

Captain Jack wrote:Anybody watching EURNZD?

CJ

CJ

This Level was good for a few Short-Trades with very low Risk/tight SL.
Maybe it ist still a good Short Level...

Now I'm Long here as the Low prints are pushing higher.

Edi

Captain Jack wrote:

Durante wrote:

Angat wrote:Morning, I see this thread has been busy again. On the GBPUSD, its created a new high, its this a level 3 push or a stop run or even both?

Yesterdays GU move was an intraday trending move, also known as an intentional move. They can often be identified when they cut the London high and stay above it for more then 30 minutes. These moves usually won't reverse for three sessions or half way through the third session after the move started.

So you think it's going to rise for 2 more sessions?

I follow a 3 day cycle from the last peak low, which should bring us to a new peak high level 3 today....

Interesting as I see several GBP pair at the 3rd level from the last peak low...

CJ

Captain Jack wrote:

swisscheese wrote:

Captain Jack wrote:Anybody watching EURNZD?

CJ

CJ

This Level was good for a few Short-Trades with very low Risk/tight SL.
Maybe it ist still a good Short Level...

Now I'm Long here as the Low prints are pushing higher.

Edi

Unless I'm mistaken, this was the stop hunt.....

CJ