TheShakeOut

EURUSD's strength not confirmed, showing hidden selling instead

CME:E61!   Euro Futures
The chart tells a story and the story unfolds bar by bar.
Thank you for your suggestion. I will surely read their books....
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Wow this is great analysis. I have a question- If it is showing hidden buying in the Daily Bar, doesn't that mean, the hourly chart will be pretty much bullish throughout the day? I apologize if the question doesn't make any sense, I am new and learning everyday.....

Thank you.
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TheShakeOut PRO bd.barney.7
Thank you for your question, there is not such a thing as a senseless question.
It does not mean that the hourly chart was bullish throughout the day. It means that there must have been hidden selling on that day. That is the only cause for that bar to have the spread, the volume and the close price it has.
If you use smaller time frames, you can use this information to find alignment between the analysis of the smaller and the bigger time frame. That will allow you to find higher probability setups.

I would recommend that you read Tom Williams and Gavin Holmes. Only a few people understand the markets like they do. Good luck on your learning.
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I really like this Bulls v Bears supply and demand analysis, it makes for an interesting read and I appreciate the time spent to put it together. With a Lower high and a higher low it is difficult to see any major trend which concurs with your analysis. As a long term trader I am still in the pair from July 2014 but am now very close to exiting. Thanks again for the analysis
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Thank you for your comment. It is vital for traders and investors to understand the relationship between supply and demand.
There is a huge battle going on in this pair right now. The break out of the congestion between 1.1070 and 1.0450 it is likely to cause a big move.
Stay tuned, I will keep posting daily updates of this analysis. Regards
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