Hey all, its Nathaniel - "THe BiPolar TraDer"
If you have not realised by now, I am back again with another market analysis on EUR/USD. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.
LITTLE BIG MOVEMENT LATEST BLOG POST
Now let's get down to the good stuff.
EUR/USD - Hopefully you read my last market analysis because this is just a brief update on how the market has moved in the last 2-3days. If you remember, I said this market would be like watching paint dry, and I guess you could say my wish came true. Swing traders are still biting their nails with price not moving too far away from the VWAP, while the intraday traders are probably laughing while the money rolls in on those high-frequency trades. If you remember the prices to look for are within my value areas (RED and GREEN box areas). For the traders looking to go SHORT on the EUR/USD you may want to wait for a pullback to the 1.1300 price point. Swing traders looking to go LONG should be waiting for the price to drop below 1.11500. Trading is a game of patience, and on the EUR/USD pair, the swing traders should be sitting on the bench or actively managing the downtrend.
To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. I have not backtested this indicator, plus I would want to improve the indicator by defining a range. Watch this space :-), but I think it is publicly available already, so be my guess and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Next update will be in the coming week - Thank you for your love and support.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
EURUSD
If you have not realised by now, I am back again with another market analysis on EUR/USD. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.
LITTLE BIG MOVEMENT LATEST BLOG POST
Now let's get down to the good stuff.
EUR/USD - Hopefully you read my last market analysis because this is just a brief update on how the market has moved in the last 2-3days. If you remember, I said this market would be like watching paint dry, and I guess you could say my wish came true. Swing traders are still biting their nails with price not moving too far away from the VWAP, while the intraday traders are probably laughing while the money rolls in on those high-frequency trades. If you remember the prices to look for are within my value areas (RED and GREEN box areas). For the traders looking to go SHORT on the EUR/USD you may want to wait for a pullback to the 1.1300 price point. Swing traders looking to go LONG should be waiting for the price to drop below 1.11500. Trading is a game of patience, and on the EUR/USD pair, the swing traders should be sitting on the bench or actively managing the downtrend.
To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. I have not backtested this indicator, plus I would want to improve the indicator by defining a range. Watch this space :-), but I think it is publicly available already, so be my guess and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Next update will be in the coming week - Thank you for your love and support.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
EURUSD
