First is a short where you have divergence on three value lines. Second is a long where you only have two so less probability.
Anyway I dont want to derail this thread anymore
Boxing clever since 76.
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Disliked{quote} Yes it will happen throughout the month but at the end of the month is when the major re balancing happens.You will often see articles mentioning this at the end of the calendar month where they one or another currency needs rebalancing. They can either do the adjustment in the stock or the FX markets. It is usually done through FX as their is more liquidity and therefore easier to do. {image}Ignored
Disliked{quote} I went short EC at 1.4926. From that point market is ranging and i cant decide should hold the position or close it at dip with minimum loss. How to predict that where market will go after breaking range.Ignored
Disliked{quote} You need to educate yourself on probability theory.Nobody knows the future.You dont need to know the future to make money.Sounds contradictory but its true. I can't manage your position.I dont know your account size trade size and how much DD you accumulated. Generally cutting 25% is good idea then watch and see how PA goes. I apologize but I am going to remove you until you get some experience.You lack sufficient experience to be here.Ignored
Disliked{quote} So true even if when forecasts print green the currency goes south and that goes to say was the forecast already priced in? Did the pound go north in order for a negative projection around brexit. I came to realise that with fundamentals its good to build a bias but that's not concrete and i can generally find so many Professional fundamental traders that contradict their opinions to each other I suppose that unique in itself and like you said by M.Douglas every moment in the market is unique. I guess that why have the correct MM Mindset...Ignored
Disliked{quote} when you can watch PA go against you and you have the balls to stay calm, collected ,shrewd and can act anytime then you know you have arrived as a trader. When you wet your pants start praying you know you are not there yet.Ignored
Disliked{quote} I went my pants but that got nothing to do with trading. Last week strong vs weak. Time to buy the discounts and sell the magnified ? {image}Ignored
Disliked{quote} I think last summer I took some time off and did not post.Just watched PA did not visit FF for good deal of time.Emptied my head and watched PA day in day out.Learned great deal. I think your mind is restless.I would suggest not post for a week lag off from here and don't read this thread.Just watch PA and observe how news effects pairs. You'll learn great deal on trading and yourself. Cheers.Ignored
Disliked{quote} Your probably right at the moment i am over analysing everything and at the moment its midnight here in U.K my Mrs things I am anti-social, all I do is digest every forum, website fx related. I might have a month Davit because i feel exhausted with it all. I suppose i badly want it. I jump in the freezing cold sea every morning 5 am just to clear my mind and connect with a high power to just feel connect with Dreams and goals and hopefully purpose. I am intune with PA i mean i can spend hours talking about price action. Lets look at GU its...Ignored
Disliked{quote} Your probably right at the moment i am over analysing everything and at the moment its midnight here in U.K my Mrs things I am anti-social, all I do is digest every forum, website fx related. I might have a month Davit because i feel exhausted with it all. I suppose i badly want it. I jump in the freezing cold sea every morning 5 am just to clear my mind and connect with a high power to just feel connect with Dreams and goals and hopefully purpose. I am intune with PA i mean i can spend hours talking about price action. Lets look at GU its...Ignored
Disliked{quote} Hi copi88, Thank you for sharing your knowledge here. It seems to me that this re-balancing, or clearing the books, happens many times on Fridays on one or two cross-pairs when Brokers need to balance their books by suddenly widening their spread, or locking you out when the GBP flies up like what happened to me by one Broker yesterday, but not by another Broker - so, I traded the same GBP pairs there with a small profit. The MMs and other big Fx companies have big daily expenses (Payrolls, Buildings, utilities ), so they will try whatever...Ignored
Disliked{quote} FX works just like any other auction market. When your broker (if they are a market maker) accepts your trade they are taking the otherside of that position. MMs will widen the spread or withdraw their liquidity only if and when they detect large institutional buying or selling pressure as they do not want to be on the otherside of that trade. MM make their money by facilitating large volumes of transactions. They do not care if the market goes up or down. MMs love it when the market trades in a small range. They can just rotate price back...Ignored
Disliked{quote} FX works just like any other auction market. When your broker (if they are a market maker) accepts your trade they are taking the otherside of that position. MMs will widen the spread or withdraw their liquidity only if and when they detect large institutional buying or selling pressure as they do not want to be on the otherside of that trade. MM make their money by facilitating large volumes of transactions. They do not care if the market goes up or down. MMs love it when the market trades in a small range. They can just rotate price back...Ignored
Disliked{quote} Hi Copi welcome to Pivots! Nice contributions. I believe Stop hunting is real but its indirect function of large orders trying to get filled.Large orders can't get filled anytime or they may have to pay wider spread and each tic can be worth lot of money hence they need the liquidity to get filled at best possible price therefore hit pockets of Stops and this triggers burst of liquidity and they get filled opposite direction and why most swings basically end with a spike. Also retail traders place 20-30pips below around numbers major S/R...Ignored