tntsunrise

Educational Study: Who are those people bought aud at 0.7540?

FX:AUDUSD   Australian Dollar/U.S. Dollar
3519 36 113
5 months ago
Educational Study:

We see a long Beairh Pin bar after RBA's int decision.

Ask yourself one question:
who are thoese people buying aud at 0.7540?
are they novice trader or institution trader?
and who are the people selling aud to them?

Don't Chase the Price
Always Buy Low, Sell High.
4 months ago
Comment:
snapshot
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Related Ideas

altcoins_trading
5 months ago
FOMO buyers= worst kind of traders. , in this case, top buyers too
Reply
proping7511
5 months ago
qiang sha fa
Reply
qly840118 PRO proping7511
5 months ago
are you Chinese? :)
Reply
proping7511 qly840118
5 months ago
yes i 'm from beijing CHINA.
Reply
qly840118 PRO proping7511
5 months ago
i'm in shen zhen now. :) nice to meet you
Reply
proping7511 qly840118
5 months ago
ha ha ,nice to meet you ,friend !
Reply
proping7511 qly840118
5 months ago
i like jack 'analyze,he is my hero .fighting!
Reply
Predictindex
5 months ago
Hello Jack,
Do you open your trade when the price hit the retest the level or after (The next bar finish)?
Reply
Irawan
5 months ago
i put a buy stop ad 7535, and it hit it
coz i open a sell yesterday,

to prevent further minus, i put a buy stop @_@
now i closed the buy n lost some pips

still alot need to learn :)
Reply
watchkiller Irawan
5 months ago
stop lose is to close.
try to use "limit" order not "stop" order to establish a trade.
Reply
chhabrakaran37
5 months ago
I am still in on short. Should i wait or leave the trade now?
Reply
mchilado
5 months ago
Sir Jack could it be some SHORT traders SL were hit at .754?
Reply
WilliamsValera
5 months ago
That's market maker stop hunt.
Reply
Alland296
5 months ago
i am only novice, but i thought that pin bar was a stop run, however there was a bearish butterfly at the top.

i got a little greedy LOL
Reply
gfknn5
5 months ago
nice Jack!
Reply
IAmAgainst
5 months ago
I always asked myself that, who buys something that is in the top of a sharp vertical move, with RSI on 90 or when price is reaching a major resistance, etc..? Once, part of the answer was "me", but I moved passed that.. and with the billions that forex moves, it's impossible that novice retail traders can move the price.
Could it be that central banks tried to push the price up cause they need AUD high for whatever reason but the amount of sell limits orders at the previous high was too overwhelmingly high and ended up being stronger?
Reply
PaQu IAmAgainst
5 months ago
Robots do their job. You never know where is the top of the move. If the robot defines the trend it buys as long at it defines the opposite trend. Even if last few transaction are closed with loss - overall there is a profit
Reply
jujiang
5 months ago
i close the short at 0.75, according Jack's idea.
Reply
Praja
5 months ago
Mr. Jack, tell us the answer please............ should be novice traders right?
Reply
watsonzou26
5 months ago
Great chart, Jack!

Now the question is where the price's target, i am wondering.....
Reply
watsonzou26 watsonzou26
5 months ago
0.73 or 0.715?
Reply
critenks29
5 months ago
People thinking that it is a small pullback and they think the trend will continue up. But they are novice traders cause they are buying High.
Which turned out to be a mistake for them.
Reply
smozy
4 months ago
thank you sir for your analyst
Reply
emma2474u
4 months ago
hi, any idea on USDCHF, USDJPY, NZDUSD and EURJPY .....?
Please I need Idea on those pairs.
Thank you.
Reply
emma2474u emma2474u
4 months ago
from Jack.....plz
Reply
tntsunrise TOP emma2474u
4 months ago
USDCHF similar to EURUSD, so i am short eurusd, u may long usdchf.
USDJPY i close my short, waiting to buy at 99.
nzdusd similar to AUD,
My advice: Don't trade too many pairs. trade 3 pairs good enough
Reply
emma2474u tntsunrise
4 months ago
ok...and thx for quick response.
Reply
Sidd
4 months ago
Jack have you revised your TP1 and TP2? 0.74200 on your new chart up here?
Reply
tntsunrise TOP Sidd
4 months ago
for 1h chart.
Reply
Sidd tntsunrise
4 months ago
Great :)
Reply
Sidd tntsunrise
4 months ago
Stop loss Hit on this one..0.7550..I am sure there will be better trades again :)
Reply
IAmAgainst
4 months ago
Are you still in? I added one more lot at 0.751 but I'm not so sure it bearish anymore..
+1 Reply
IAmAgainst IAmAgainst
4 months ago
And just sold another lot at 0.7536, I'll never learn..
+1 Reply
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