Recent content by Mandrake

Hi Sive, Thanks for the excellent video explanation on the psychological mechanics of DRPO. I saw a lot of DRPO the past few days but now I understand that they are not.

Another crappy week in forex..

Hi Sive, Thanks, I understand what you mean.

Hi Sive, I see a DRPO in weekly. I have been waiting quite some time for this to happen, I am positioning myself for a big drop. But it worries me that I do not see it in your analysis. Does it not have a big part in the current context ?

Hi Sive, Daily EUR closed above 3x3. It looks like the DRPO is not coming thru. It hit 4hr fib confluence and bounced upwards. Perhaps a continual upwards movement from here on !

Oh ya having said all that lousy movement; today Eur did hit hourly fib 61.8% at around 1.3962 than continued down move seems to be on target for this one. But NFP in a while.

OK Hmm... I do follow bloomberg news daily but I ddin't feel that it is a good reason for erractic movement; unless all this meant that alot of big players are sitting out of the market hence there is no strong technical movements ! Or does this mean alot of big players are just buying it up non...

Hi Sive, Thanks for reply. I was actually refering to forex market as a whole not just EUR. I had taken a huge hit in the past 3 weeks. Signals came; went for the kill just to have the price move back sharply, even if it did move down more I hardly get more than 50pips which messed up my SL and...

Hi Sive & Comrades, Well.. that retracement last night was super shallow, its moving up still; further into overbought now. The past 1month is so bad on price action and technicals and price movement are hopelessly erractic I am starting to lose faith in forex. I thought coming out of the...

Hi Henry what about NFP ?

Hi guys, Eur is showing strong buying the past 3 hours even though daily is still in overbought...

Hi guys, EUR just had a breakout on 4hr

Yeah man EUR buying is really crazy. I can't believe it moves up non stop like that without any good retracement. It is heavily overbought. And the chinese are supporting EUR by buying greek bonds. I wonder how much longer this extreme buying is gonna go on. I'm just sitting on the side until...

Thanks man

Does anybody know why GBP is going down while the rest of majors are moving up against the dollar ?