Looks like price will stall today and wait for NFP tomorrow.

Flying Dutchman

Nice trade opportunity.

Flying Dutchman

DOL relevant for intraday. Strike at M15/H1.WOL and MOL relevant for investing. Strike at H4/D1.

Flying Dutchman

It appears that OLs are relevant, irrespective of time, when price is within their range.

Flying Dutchman

Except the MOL and WOL, can we still consider it a buy hemisphere if price is above it although the DOL is 3 or more days old or is it invalidated by some parameters?

Flying Dutchman

What does grandma story mean?Thank you for your patience and staying with this thread. I am now slowly gaining grounds although I do not see every angle yet, only those that makes sense to me.The OB/OS mindset has hijacked me.

Flying Dutchman

image

Flying Dutchman

I assume foreign exchange price moves up and down to cater the economic stand of a country. So the central banks in charge of the currency adjust the price accordingly to suit the policy of the state.

Flying Dutchman

You are saying that all these press release is pointing that EU and GBP will fall yet EU will hit PMOL? Perhaps a pullback before rockfall or just statement of false narrative as always in news.

Flying Dutchman

image

Flying Dutchman

image

Flying Dutchman

You mean that whole move in NY that breaks the previous low? = because market intended to break the low why would it return to the starting point? Makes sense.

Flying Dutchman

Perhaps there is no harm putting a sell with 10-20 pips SL. image

Flying Dutchman

Market intent was to rise but as we can see it failed many times since last week as can be seen in PWOL and previous DOL. This week it also failed to rise and dropped at WOL. Now yesterday was another try. Price is at buy hemisphere during Tokyo but ...

Flying Dutchman

I think I'm slowly taking ground on here. image

Flying Dutchman

I would like to flush myself of this Fibonacci mindset which is unreliable and self fulfilling at most. But thank you for sharing your view.

Flying Dutchman

Does not seem to make sense, what is this Fair Value Gap? If the market is an Algo, a perfect AI catering all markets, how can a GAP be possible when it only moves in a virtual environment on its own?

Flying Dutchman

Yeah. The world has been too cruel lately. Perhaps time is needed to assimilate new concepts and detoxify years of forex lies.

Flying Dutchman

I can see in EU that it broke previous low then reversed. But the 4 charts did not broke previous high yet reversed. I can also see that some price touched those perhaps previous DOL or levels yet did not closed above them then reversed. I'm too ...

Flying Dutchman

Thanks for clarifying. Another equation to solve in my notebook, "serious valuation issues". If you may, in what way will EURUSD can incur serious valuation issues by not closing above PWOL? You mean like an incursion into another dimension?

Flying Dutchman