Mr_Black_Oanda_April_Cont est

[Mr_black 10]

I am starting a new thread for April...I will try to post more frequently.

Here is My next week analysis for EURUSD.

The Market is in congestion, between 1.2873/1.2841 Supply Zone® and 1.2789/1.2762 Demand Zone (S). The fake moves surrounding DZ is a strong signal for changing direction and My prognosis is that Market will go Up to clear all Buy Stop Levels above 1.2873. My targets are T1@1.2890 and T2@1.2950...I do not have position on the contest account yet..to give you entry/stop levels.

[Mr_black 10]

@ promised, here is the trade I did today...Long in Demand Zone Exit @ Supply Zone...I am still bullish on EURUSD, but decision to close this trade is the 2 Supply Zones overhead...and the Market probably will go sideways...... better to exit and wait to see how the price will react...I linked this contest account whit MyFxbook the name is EasyPa.it will show all the trading activity , statistics and so on....:missy:

[Mr_black 10]

Its funny to look back and see how my predictions are doing.....blue line was what I forecast for today the red line is what actually happened....The good part is that Demand Zone was holding more buy orders just enough to drive the price back to the Supply Zone, sooner or later one of this zones will run out of gas.....and then boom:wtf:

Edited April 1, 2013 by Mr_black

[Mr_black 10]

Here is the trades for 02.04 1 loss -16 and 1win +40...

[Mr_black 10]

And here is the big picture....SZ (supply zone) 1.2875/1.2843 was still active, the market reaction was to build new zone where the big smart money was selling to the retail buyers herd...this is the phase known @ Distribution , I prefer to call it Accumulation of Buy Orders then the mark down phase follow (some people call it down trend)...and the winner is The Market a.k.a. Banks, Institutions, Pension Funds..... :rofl:

Ups, I forgot My Target1@1.2890 was missed by 15 pips....

[Mr_black 10]

There is a slow and steady selling going on for EURUSD. I need to see some climax selling when the herd catch up...first sign of temporall bottom....

[Mr_black 10]

I am still bearish for EUR/USD(referal to 1hr.)....reason for this is there was no sell off yet...no climax selling...My current possition is Short, the entry was@ 1.2827 stop 16 pips....target@ 1.2770/60...:helloooo:

[Mr_black 10]

I am still bearish for EUR/USD(referal to 1hr.)....reason for this is there was no sell off yet...no climax selling...My current possition is Short, the entry was@ 1.2827 stop 16 pips....target@ 1.2770/60...:helloooo:

Ha..they got me today...on the mark up...:crap:

[Mr_black 10]

Nice day....high volume sell off....I am looking for a new demand zone to be created ...

[Mr_black 10]

The market fail to create new Accumulation Zone .....I am expecting new drop to 1.2750 Level....the abbreviation sounds cool....Failure to Accumulate...FAcc.:haha:

[Mr_black 10]

This is My return for April:helloooo: