today ITM trade. Ηopes for a deal in US caused a rise of the USD but we had an exhaustion when the price hit the High of the day. Put Option with 1H expiry time.
EUR/USD today chart. We have a big rise about 120pips.
What is the crazy thing with this? -Two weeks ago we had the US goverment shoutdown. The US dollar stayed steady and we had a small rise(about 10 pips) in the currency pair. -Yesterday we had the final deal and today a 120 pips rise for EUR/USD.
Who was expecting this? Nobody. This nice today example shows us that the market can be unpredictable.
Blue Rectangle We had the US unemployment claims. A number smaller than the previous time and near to the forecast. The market moved down about 20 pips (logical,in the correction I took an ITM put option with 5min expiry) and then it moved up again.
Conclusion These days, because of the US condition, you may find yourself in the wrong side of the market. If you don't understand what is happening or you can't explain it, it's better to play safe or to stay away from situations like this.
Today trades
(almost +300$ net profit, not a big profit but in days like this one I am happy with this)
Hey holyfire, -the first thing to notice for me is that we have lower highs -the price with bearish volume broke the triple 34 EMA(high,close,low) and the 89 EMA. -Then we had a rejection when the price was trying to come back -In the second try of the price to come back above the EMAs we had a new rejection and the same candle turned into a bearish volume candle and this means that the bearish move which began from the lower highs has still strength to go lower.
These were the signs for me to take a put option with 5min expiry. Simple price action and volume analysis.
Thanks Kostasze! Nice move. So the red volume candle indicates that bearish movement will continue? Or do I have to filter the colour through price action like red candle on a support level = bearish climax, red candle on resistence = continuation. Where can I get the colour codes? Really appreciate your help man.
The green and the red volume candles are climax candles(big price change with big volume). The blue and the magenta are high volume candles. I combine volume behavior with price action.
Last trade of the day, some minutes ago. Downtrend for #JPM, put option when we had a buying climax bar with a rejection in a lower high spot. The last candle of the expiry was bullish with high volume but hopefully the trade was ITM.
Hey guys, from now on(Monday 15/11), you can watch my trades (real- time) ,for free, in http://mytradelook.com/. I created a trading social network in which everyone can build his own trading profile for free, make friends, get education, post, watch and share trades and knowledge!
Comments
http://www.fxstreet.com/analysis/london-gold-market-report/2013/10/03/
EUR/USD today chart. We have a big rise about 120pips.
What is the crazy thing with this?
-Two weeks ago we had the US goverment shoutdown. The US dollar stayed steady and we had a small rise(about 10 pips) in the currency pair.
-Yesterday we had the final deal and today a 120 pips rise for EUR/USD.
Who was expecting this?
Nobody. This nice today example shows us that the market can be unpredictable.
Blue Rectangle
We had the US unemployment claims. A number smaller than the previous time and near to the forecast. The market moved down about 20 pips (logical,in the correction I took an ITM put option with 5min expiry) and then it moved up again.
Conclusion
These days, because of the US condition, you may find yourself in the wrong side of the market. If you don't understand what is happening or you can't explain it, it's better to play safe or to stay away from situations like this.
Today trades
(almost +300$ net profit, not a big profit but in days like this one I am happy with this)
Kind Regards,
Kostasze
Hey holyfire,
-the first thing to notice for me is that we have lower highs
-the price with bearish volume broke the triple 34 EMA(high,close,low) and the 89 EMA.
-Then we had a rejection when the price was trying to come back
-In the second try of the price to come back above the EMAs we had a new rejection and the same candle turned into a bearish volume candle and this means that the bearish move which began from the lower highs has still strength to go lower.
These were the signs for me to take a put option with 5min expiry. Simple price action and volume analysis.
Kind Regards,
Kostasze
Really appreciate your help man.
http://www.forexfactory.com/showthread.php?t=114792
The green and the red volume candles are climax candles(big price change with big volume). The blue and the magenta are high volume candles. I combine volume behavior with price action.
Have a great weekend!
Kind Regards,
Kostasze
Have a great weekend
Kind Regards,
Kostasze
from now on(Monday 15/11), you can watch my trades (real- time) ,for free, in http://mytradelook.com/.
I created a trading social network in which everyone can build his own trading profile for free, make friends, get education, post, watch and share trades and knowledge!
more details:
http://mytradelook.com/about/
http://mytradelook.com/message-for-the-members-3/ (how I will post my trades)
I hope to see you around!
Kind Regards,
Kostasze