Yep, supply and demand. I think you get the idea. Zoom in to 1 minute and look at how price left that point.

Price Action Observations

Red Pirate, I showed an example for the 6am candle. Here is an example for the monthly open. d

Price Action Observations

just to show, the bounce.

Price Action Observations

and there you have it... to the very pip (now now she will bounce back up)

Price Action Observations

kokopelli, Example of 6am candle. Levels marked in pink. See how price respects it? Strange.... (not always, just often) It is (one of) my points of reference. Entry -> moving away yesterday's 6am candle. Confirmation -> reaction from 6am candle. ...

Price Action Observations

Thanks. You have Skynet to thank for me coming back, would not be here otherwise. d

Price Action Observations

I know, seems stupid doesn't it. I have no answer beyond that it appears to work. Of course, not every day. Some days you will see the 8am is better. However, over the long haul, it's the 6am that takes the prize. I have used the 8am, 7am and 6am. ...

Price Action Observations

Not even sure why... Chart just has that feel about it. Felt like posting it.

Price Action Observations

Hi Red Pirate. I am little over the forum thing, so I may not post much. However, I will answer questions, so ask away any time. Regarding fundamental analysis, that is certainly the domain of Skynet. Here is some information he provided me when I ...

Price Action Observations

"It may mean something. It may mean nothing at all".... Great video....

Trading with Deadly Accuracy

I do not disagree. I was showing an example of the same technical pattern I had pointed out on CAD. Its always easy to point out entries in hindsight. Most monkeys can do that (Edit: referring to myself - the CAD entry I showed was in hindsight), ...

Trading with Deadly Accuracy

Example on larger time frame. Potential setup. d

Trading with Deadly Accuracy

8 pips.. bummer. This is my take. See pic 4 in series. Notice the similarity to this?

Trading with Deadly Accuracy

Awesome shit. Give me some time to digest this information. d

Price Action Observations

Very insightful. Brilliant summary. The other thing is pointing out what to stop doing. One of the last pieces of guidance went something like this. ''I have been looking at your trades, and you are doing OK, but your problem is that you ...

Trading with Deadly Accuracy

Absolutely it can d

Trading with Deadly Accuracy

Absolutely RandomOne. Simple is just as good. Sometimes better. Yes, there is some truth in that. A good example is the effect it had on my commodities trading. I paid for futures training (in class room) with Futures Trading Legend Larry ...

Trading with Deadly Accuracy

I do, but not actively. Maybe a few entries a month. Looking to close it down longer term and stick with currencies. d

Trading with Deadly Accuracy

OK, here is another. Similar idea. Simple stuff. BTW, break of monthly open may see AUD fall lower for the rest of the month.

Price Action Observations