Thread: Daily Analysis of Majors

Hello bro.

Bro this tech is awesome man .
I try 3 transactions on my USDJPY calc and all these are shut in profit. As well as the GBPUSD its woa. Look at this its moving at the 1.9509 target. It may reach the 1.9335 too.

Thanks for this great trading tips bro.
If theres something I could add or lost pls inform me.

Best regards man,

Me.

There are a few buy setups working as a result of the information sell off. Just be careful watch the levels for a indiion of a bounce.

Remember, you are buying at a good value at these levels.

Good luck.

So I can not really comment on it just a note, I don't follow the EURJPY.

So the EURUSD struck a buy zone. If you decide to buy it according to your analysis, your target would be 4830 now since 4646 was taken out in the session. (A nice short commerce).

When it settles below 4572 and you market, then your target is 4341.

Be cautious today, and be eager to reverse if needed. I watch the near and use bars.

Bro im wondering is the ideal Stop loss.
Is the closing price be a Stop loss or the stop loss is set based on our own risk.

Your risk ought to be above/below a key level. So that if you flip, your stop loss is manageable, the trick is to get positioned near the level. I can not answer this question for YOU. This is your job based upon your risk tolerance.

Accept carrying smaller losses near an integral level, knowing your profit from the directional movement will probably be greater.

One matter (concerning positioning and risk) that I'd urge you to see.

When price is slumping through a key level, many bigger players and market manufacturers will attempt to position on the spike. Expecting that price will reverse. Otherwise they take their reduction on the side that is incorrect.

Confusing probably, but for this morning when the EURUSD surged down through 4572, my guess would be many were postioning long below this level. They'll expect that demand turns price and traders will probably be caught short. Be cautious when setting up. If your risk tolerance isn't large it's best to wait for price put up and to settle below or over a degree.


You Need to think like a trader, not like the rest of the herd.


In the situation above, once the EURO slammed into 4572, how do you think traders were positioned. Look at a chart and you will realize that they were placed long here. They would have been ceased by today. So when price hit this level, there was selling so those previous traders could get out of their longs (that were incorrect). Naturally, you will see a surge down here if price retakes the level and continues up, then it tells you that this was actually a solid degree for buying. If price continues down in this level, then you are aware that is is point.

Not rocket science, but many do not think this way. It's in how I ascertain amounts as time 12, a clue. It's well worth it, although it's not easy work to keep track of it all. You need to put in the effort.

I believe thats exactly what occurred in USDJPY right now bro 106.24 was shot again from downside.its sideways again now. How dull.

Waiting for 106.70/74 to be carried out to placing longs. Or when its not taken ill set a shorts.

Originally Posted by ;

One matter (concerning positioning and risk) that I would recommend you to watch.

When price is slumping through a key level, many bigger players and market manufacturers will attempt to position on the surge. Expecting that price will soon reverse. If not their reduction is taken by them on the incorrect side.

Confusing likely, but like this morning when the EURUSD jumped down through 4572, my guess is many were postioning long under this level. They'll hope that demand turns price and traders will soon be caught short. Be careful when setting up. If your risk tolerance is not large it's ideal to await price set up and to settle under or over a level.


You Need to think like a trader, not just like the rest of the herd.


In the scenario above, once the EURO slammed into 4572, how can you believe traders were put. Look at a chart and you'll see that they were likely positioned long here. They would have been stopped out by now. So when price hit this level, there was selling so many previous traders could escape their longs (which were incorrect). Naturally, you will find a surge down here, nevertheless if price retakes the level and proceeds upward, then it lets you know that this was in fact a level for buying. If price continues down in this amount you know that's is good point.

Not rocket science, but many don't believe this way.

Here are the current numbers.
https://forexintuitive.com/attachments/1518235270.pdf

USDJPY for now

108.10

107.72 Up

107.42

107.07 Down

106.53

105.42

bro check up This if theres something wrong plz correct me.