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How to read the market

  • #61
  • Mar 22, 2024 7:11am Mar 22, 2024 7:11am
Today we had high of 1.5185

We had reversal at 1.5125

Which is around 60 points

Also I said pay attention to the 1.5125 level

Check the chart and try to figure out what happened at that level exactly

It's in front of your eyes I mean the answer
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  • #62
  • Mar 22, 2024 7:14am Mar 22, 2024 7:14am
Quoting zalzil123
Also keep in mind High and of the day range say 20 to 30 points week range say 70 to 90 points month range say 140 to 170 Yearly range say 1000 to 1200 points Hope you understand what I am trying to highlight to you
I get very different values when looking at ATR...
  • #63
  • Mar 22, 2024 7:19am Mar 22, 2024 7:19am
Quoting zalzil123
Today we had high of 1.5185 We had reversal at 1.5125 Which is around 60 points Also I said pay attention to the 1.5125 level Check the chart and try to figure out what happened at that level exactly It's in front of your eyes I mean the answer {image}
1.5125 was the close on Wed. = open of Thursd.
  • #64
  • Mar 22, 2024 7:36am Mar 22, 2024 7:36am
Quoting zalzil123
In the box Thx Which level we are going to reverse today and why Is it the 65 70 or 75 or 80 level I meant 1.5165 70 75 80
written in the charts.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #65
  • Mar 22, 2024 7:42am Mar 22, 2024 7:42am
Inthebox your boxes are right

But you don't need boxes go for horizontal lines as they call them trend lines.

High was 1.5185

Normally we reverse back at 20 or 40 points

So 85 -20 = 65 ie the level expected to reverse was 1.5165
  • #66
  • Mar 22, 2024 7:45am Mar 22, 2024 7:45am
Remember I told you 1.5125

Let's adjust it to 1.5130

Now Let's check the chart

Look at the chart and see
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  • #67
  • Mar 22, 2024 7:51am Mar 22, 2024 7:51am
Enclosing the same chart with 3 circles
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  • #68
  • Mar 22, 2024 7:57am Mar 22, 2024 7:57am
1st circle from the left

Low of the candle was 1.5130

2nd circle

High of the candle was 1.5130

3rd circle

Both close and open price of the 2 candles are exactly on the1.5130 level

So of course it's a very sensitive level ie zone level

That's why we reversed at that level
  • #69
  • Mar 22, 2024 7:58am Mar 22, 2024 7:58am
That'll comes under :

HOW TO READ THE MARKET
  • #70
  • Mar 22, 2024 8:12am Mar 22, 2024 8:12am
Quoting zalzil123
Remember I told you 1.5125 Let's adjust it to 1.5130 Now Let's check the chart Look at the chart and see {image}
Why adjust now?
These levels were on the chart when u said 1.5125? Are you saying 1.5130 now becomes a barrier to going up?
  • #71
  • Mar 22, 2024 9:09am Mar 22, 2024 9:09am
normally most pairs hit zero levels like 1.1520 30 40 70

the only exemptions are the 2 institutional levels 0.0035 and 0.0065

Like 1.4035

Or 1.6065

The 0.0025 it means it broke the 0.0030 level I mean it hits it to reverse.

Can you see the 4pm black candle hit the 30 level and start to go downwards
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  • #72
  • Mar 22, 2024 12:25pm Mar 22, 2024 12:25pm
usdjpy : Range

Daily 85 points 1.5100 to 1.5185

Weekly 295 points 1.4890 to 1.5185

For the week 18/03 to 22/03
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  • #73
  • Mar 22, 2024 12:51pm Mar 22, 2024 12:51pm
Ok..so where is price heading next..break 1.51 or break high?
  • #74
  • Mar 22, 2024 2:46pm Mar 22, 2024 2:46pm
Danger mouse

Be patient

We just finished the week

Give me some time

Also don't want to make any mistakes

Have a nice weekend everyone.
  • #75
  • Mar 24, 2024 3:22am Mar 24, 2024 3:22am
Hi everyone

We hit the low @ 146.50

And Friday we hit a level @ 151.80

What do you think?

Is it the high of the month

Think about it we shoot up 530 points

Use your common sense without need for anything

I need everyone to participate
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  • #76
  • Mar 24, 2024 3:25am Mar 24, 2024 3:25am
how about you xxiox

What do you think?
  • #77
  • Mar 24, 2024 3:29am Mar 24, 2024 3:29am
This is the weekly chart

Maybe it will help you

Anyone ?....
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  • #78
  • Mar 24, 2024 3:33am Mar 24, 2024 3:33am
Guys , it's very clear

Just look at any chart daily or weekly

Tomorrow is the last week of the month
  • #79
  • Mar 24, 2024 3:39am Mar 24, 2024 3:39am
In that case

Let's use someone who can help us

And it's dxy or the dollar index

If dxy is set to go up then usdjpy will go up

And vice versa
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  • #80
  • Mar 24, 2024 3:42am Mar 24, 2024 3:42am
Do you think dxy completed the reversal pattern

On the weekly chart or not

If yes we must come down

What do you think?
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