Here's what I've got as a Price Action S/R "MAP" ... the Red lines are potential significant S/R levels with Magenta semi-significant. The Cyan dashed lines are the Wkly Pivot levels. The Light Blue bars on the right vertical side of the chart represent Volume at Price on this 30-minute, 20 day chart:
Hope this is helpful to all ... and definitely follow MP analysis and your own analysis where things may line up and add significance at price levels for getting off a decent risk/reward trade.
And don't forget ... Wednesday is FOMC day ... stands for F*@K(ng Overall Massive Catastrophe for ____________ (fill in blank with your favorite pet peeve)!
PH
phileo
Rep: 3,062
Posts: 520
Originally posted by phileo
The PA looks to me like it is setting up for a relief rally once the FOMC report comes out.
I will be looking to go long on extreme down spikes on the FOMC rpt....
hah, did i guess wrong on that one....
lower highs now, we could be re-testing the lows 1080.
MO
MonkeyMeat
Rep: 12,738
Posts: 1,334
wow ... so far, that's one of the lamest responses to a Fed announcement I've seen in a while ... hit the markets with the impact of a mouse fart
PH
phileo
Rep: 3,062
Posts: 520
Euro is in a buying panic!!
TICK at +1400 !!
what the heck did big Ben say ??
fastest 4pts I've made all year
TICK at +1400 !!
what the heck did big Ben say ??
fastest 4pts I've made all year
PH
phileo
Rep: 3,062
Posts: 520
Originally posted by MonkeyMeat
wow ... so far, that's one of the lamest responses to a Fed announcement I've seen in a while ... hit the markets with the impact of a mouse fart
umm..... really?
HA
hari
Rep: 470
Posts: 60
2:23 bought at 1085
2:31 sold at 1090.50
fastest 5.5 pts ever for me :)
2:31 sold at 1090.50
fastest 5.5 pts ever for me :)
Originally posted by phileo
Euro is in a buying panic!!
TICK at +1400 !!
what the heck did big Ben say ??
fastest 4pts I've made all year
PH
phileo
Rep: 3,062
Posts: 520
Originally posted by phileo
long 1093
target 1095.5 this time
out 1093.25.
market is onto my tricks....
BR
BruceM
Rep: 216,211
Posts: 19,895
amazing...the 10 a'm reports created more volume on a one minute spike then the fed announcement...
87 - 89 get top billing from todays trade.......
87 - 89 get top billing from todays trade.......
Originally posted by hari
2:23 bought at 1085
2:31 sold at 1090.50
fastest 5.5 pts ever for me :)
Originally posted by phileo
Euro is in a buying panic!!
TICK at +1400 !!
what the heck did big Ben say ??
fastest 4pts I've made all year
