josi wrote: Thu Apr 02, 2020 1:20 am
You clearly got me on USDJPY, man - congratulations, it worked out for you.
I didn't see that move coming.
PS: I re-checked H1 and H4 - nope: can't see anything to make that move likely for me. The more praise on you.
PPS: even oil makes a move now -l I'm flabbergasted - did you push it down yourself to make your predictions come true (at the end of the day)?
I'd love to hear exactly how you could predict those moves - if they weren't pure chance or news-related - because now that they're here my indicators (HMAs) confirm them but before they happened I didn't have anything to go on.
With GBPUSD - still not my choice of GBP... for today - you could at least argue that your scalp was a MMO (measured move objective, i. e. a repetition of the first move).

Thanks Josi.. i will take explain as best as I can.. Yes with Oil I took into account some fundamentals with demand been on global lows since most airlines are not operating at the moment due to the Coronavirus...Ina addtion, the main technicals i had to go with on the 1 hour time frame suggested a continuation of the downtrend...I cannot stress how effective the 200ma is in acting as a trend guide or your trend line so to speak...Basically i had all my emas been above price after new LH was set and also to note was the rsi level (momentum been below 50) with increasing selling average volume ( OBV )...Based on the above indications; i then looked for sell opportunities.. Price likely to fall to previous low around price level 21.01

Excuse my last posts ; brief notes included on each chart