n38steps

n38steps

For reference

n38steps

Just for reference

n38steps

Messy, but trying to nail the bounce point. In this leg 42.63 would be the lowest untested gained support in this leg. I'm wondering if that would be the best place for a substantial rally.

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Just big picture levels for reference

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blah blah blah blah blah blah blah blah

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Looking for a short yen trade this week. Like it most against the dollar.Long usdjpy around 112.20's up to 116.00, which might take a couple of weeks. Stop somewhere under 111.60

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Don't forget how the market is still stacked. Nothing has changed yet other than some covering. (For own reference)

n38steps

As long as we can gain 1.14284 quickly all support should hold and 1.15630 shouldn't be a problem. The base we are bouncing off is a massive monthly test of support. Big picture stuff!

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gbp is net short but....... the yen is net shorter so i will run with that one for the time being, but 4hr gotta show willing now.

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Chopped up by CL today, v clear now on the daily though. Check out the hourly from the 14th of Feb this year. Look how precisely the bottom of today drop bounced from the start of the leg. I think it should rally from here, but needs to stay under the 15 min level to keep shorting from this area..... i think! (famous last words)

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Still got a short bias for the moment, but 1.12232-ish is untested and with it being the monthly, could be a good place to bounce from. Momentum permitting I will defo try long here, even if it's just for a few days.

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Rally then drop from there

n38steps

Continue lower early in the week through 1ET, maybe retrace once we touch untested 57.45 area.

02:00

n38steps

Well, it kind of looks like it. Last Tuesday I was trading GBPJPY and the way the price action moved that day felt tight and compacted. When i was skipping through charts of the S&P this morning, I was surprised to see such a tight mirroring of price. I don't really like the concept of correlations, so i'm gonna avoid that word. I don't think they are correlated,...

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Not sure exactly how the journey down to 1ET would happen, but in this chart I'm trying to look at what has been gained and lost to get to the high, that might give clues as to where intraday resistance could be during the week.

n38steps

Could be too wide with my levels here, but I'm literally looking at the most pronounced gained level for this timeframe. Big picture though!

00:14

n38steps Updated 

More text in here.... volume on my computer isn't very high though... mmmmmmm

n38steps

Here it is