KingME

The Mechanics behind why we pop off of levels

FX:EURUSD   Euro / U.S. Dollar
187 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.
So what is the call here? up or down?
Reply
KingME 99nines
Depends on your time frame.
Reply
99nines KingME
based on the chart you published.. what is the call?
Reply
KingME 99nines
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.
Reply
99nines KingME
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?
Reply
KingME 99nines
The chart gave an example. We popped off of what we gained.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out