I see that EUR/USD looking very weak and that we may see potential bullish crab in future. I see EUR/USD near 1.0656. The level of 1.0655 will be completed bullish crab. Will watch for potential buying opportunities near D point.
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Trader_Dale
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Thanks for heads up! Good luck mate.
PetarJacimovic
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@Trader_Dale, You are welcome mate. Today, not so tradeable day, I got no positions, hope that tomorrow we will have something .
Trader_Dale
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@PetarJacimovic, better no positions than SL positions, right? How do you determine tradeable day? Just curious.
PetarJacimovic
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@Trader_Dale, Hello mate, I wait market specialists - market makers to show their hands and act before I do any position. For me there is no purpose of trading pure based on mechanical references without deep understanding how market makers and specialists operate. Wyckoff explained very good in his books hot large operators trap the crowd and make them to change their opinions to the side of these operators. I will post my GBP/USD trading idea in few minutes and you can see what I mean.
Best Regards,
Petar
Trader_Dale
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@PetarJacimovic, cool thanks for your reply mate. I havent read any of Wyckoff books. Looks quite interesting.