tntsunrise

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

FX:AUDUSD   Australian Dollar/U.S. Dollar
3534 36 113
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.
Comment:
snapshot
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FOMO buyers= worst kind of traders. , in this case, top buyers too
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qiang sha fa
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qly840118 PRO proping7511
are you Chinese? :)
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proping7511 qly840118
yes i 'm from beijing CHINA.
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qly840118 PRO proping7511
i'm in shen zhen now. :) nice to meet you
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proping7511 qly840118
ha ha ,nice to meet you ,friend !
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proping7511 qly840118
i like jack 'analyze,he is my hero .fighting!
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Hello Jack,
Do you open your trade when the price hit the retest the level or after (The next bar finish)?
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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 :)
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stop lose is to close.
try to use "limit" order not "stop" order to establish a trade.
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I am still in on short. Should i wait or leave the trade now?
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Sir Jack could it be some SHORT traders SL were hit at .754?
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That's market maker stop hunt.
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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
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nice Jack!
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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?
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PaQu IAmAgainst
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
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i close the short at 0.75, according Jack's idea.
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Mr. Jack, tell us the answer please............ should be novice traders right?
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Great chart, Jack!

Now the question is where the price's target, i am wondering.....
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watsonzou26 watsonzou26
0.73 or 0.715?
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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.
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thank you sir for your analyst
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hi, any idea on USDCHF, USDJPY, NZDUSD and EURJPY .....?
Please I need Idea on those pairs.
Thank you.
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emma2474u emma2474u
from Jack.....plz
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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
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emma2474u tntsunrise
ok...and thx for quick response.
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Jack have you revised your TP1 and TP2? 0.74200 on your new chart up here?
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for 1h chart.
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Sidd tntsunrise
Great :)
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Sidd tntsunrise
Stop loss Hit on this one..0.7550..I am sure there will be better trades again :)
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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
And just sold another lot at 0.7536, I'll never learn..
+1 Reply
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