KingME

The Mechanics behind why we pop off of levels

FX:EURUSD   Euro Fx/U.S. Dollar
173 6 2
People will tell you it's a news event, or even better I hear people say that they are targeting stops. None of it is true. The only thing that institutions who control the market are doing is moving the market faster when news is released. The same structure is still applicable. Why do we pop off of what seems to be random levels? Real simple, you are popping off s/g targeting the distribution you lost or the R/G level. Progression will help you see the big picture, and how to take advantage of playing these FT's.

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99nines
a year ago
So what is the call here? up or down?
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KingME 99nines
a year ago
Depends on your time frame.
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99nines KingME
a year ago
based on the chart you published.. what is the call?
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KingME 99nines
a year ago
As stated before it depends what time frame you are looking at. This is 15 min. We are in progression we are range bound. setting up to tag what we gained even further along. It's not about UP or DOWN. On a time frame this small you will be going in both directions testing each leg until we exhaust the range then head to the next level within the progression. Your larger time frames give the overall direction of trend.
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99nines KingME
a year ago
so why post a chart about what moves prices without an example.. based on what your description says, it implies you can tell what makes prices pop. Or am I reading that wrong?
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KingME 99nines
a year ago
The chart gave an example. We popped off of what we gained.
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