Yes, I really appreciate your help in making me think things through. I am most gratefull for that. You really are making me clarify points and how I see trading. However there are many ways to skin this cat. The repricing risk is especially great around ECB intrest rate changes and the speech afterwards and at NFP so you don't want to be in the markets around these times. However I think it's almost impossible to outguess fundamentals (or 'funnymentals' ) and that's the reason one should stick to the technicals as they arise ... so it's not really necessary to find out what's driving the data as long as your charts make sense at least imho. And I am aware that this is almost heresy to some people ... but that's the way I see it ... Off to the dentist now ... with a bit of luck I am back in a big hour.
But price is NOT fluid. For example, vds16 wrote that he "Sold everything at 1.2080." Note that the exchange rate is now back down below 1.2040. Thank goodness he locked in his profits when he had the chance or those 40 pips would have vanished like smoke—but now he can reenter a long position with those gains safe in hand AND collect a few dozen more.
seems I didn't miss too much at the dentist and all too right you are, I woulda haven been cursing big time if I had missed that profit opportunity ... looking for a new long idd but waiting for the right setup to come along ... the best of the day could be over ... unless something happens around ema20 on hourly
Fluid meaning constantly moving (except weekends and daily rolls of course). The fact that price went from 1.2080 back to 1.2040 means it IS fluid. He can't answer my question so maybe you would like to?
well, I am back ... my guess would be that the bigger the timeframe the bigger the players that are active on that timeframe ... at least that was what I had been told by another trader ... kinda makes sense to me
looking back I probably should have shorted that evening star on hourly: all my other timeframes were overbought ... well too bad, I had to leave (and tomorrow again I will have to miss the entire NY session).