Great. A quick nice 25 pips. Thank you.
Now the drinks are on you.
How did you anticipate that little breakdown?
Keep going down Dragon, off you go chop chop!
(Stay alert folks, a bear trap is still possible...)
Dragon Riders GBP/JPY
- #25,461
- Jul 12, 2017 3:00am Jul 12, 2017 3:00am
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
Now the drinks are on you.
Keep going down Dragon, off you go chop chop!
(Stay alert folks, a bear trap is still possible...)
- #25,462
- Jul 12, 2017 3:20am Jul 12, 2017 3:20am
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
- #25,463
- Jul 12, 2017 3:24am Jul 12, 2017 3:24am
- | Membership Revoked | Joined Mar 2017 | 2,260 Posts
{quote} SL:147.52tp1:147.10 tp2:146.7 TP3:146.45 TP4:146.1
if you my trade,My-post analysis, subscribed to ME
- #25,465
- Jul 12, 2017 3:43am Jul 12, 2017 3:43am
From 7 - 9:15 that pattern is called a long accumulation.
As an institution who needs to get large size on the book you cannot buy at the market, you need to have passive limit orders waiting in the market.
So in order to go long they need to find Sellers.
To go long institutions will make it look like a bearish market, lower highs with lower lows in order to encourage sellers into the market.
Once they move it rapidly to the upside, all those sellers have to become buyers to exit their positions, thereby fueling the up move and helping the longs with their trade. They will start selling into that buying depending on volumes and orderflow.
Some clues that gave it away are the pins to the downside, the heavy buying deltas and value was to the upside. See the blue and yellow lines.
As an institution who needs to get large size on the book you cannot buy at the market, you need to have passive limit orders waiting in the market.
So in order to go long they need to find Sellers.
To go long institutions will make it look like a bearish market, lower highs with lower lows in order to encourage sellers into the market.
Once they move it rapidly to the upside, all those sellers have to become buyers to exit their positions, thereby fueling the up move and helping the longs with their trade. They will start selling into that buying depending on volumes and orderflow.
Some clues that gave it away are the pins to the downside, the heavy buying deltas and value was to the upside. See the blue and yellow lines.
Boxing clever since 76.
- #25,467
- Jul 12, 2017 4:01am Jul 12, 2017 4:01am
- | Joined Sep 2014 | Status: Trader | 1,138 Posts
{quote} What's to laugh about? I make a bet about the direction of the market and at some point I will lose or win that bet, end of story, there is nothing funny (or sad) here, it's just business.
- #25,471
- Jul 12, 2017 5:38am Jul 12, 2017 5:38am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
From 7 - 9:15 that pattern is called a long accumulation. As an institution who needs to get large size on the book you cannot buy at the market, you need to have passive limit orders waiting in the market. So in order to go long they need to find Sellers. To go long institutions will make it look like a bearish market, lower highs with lower lows in order to encourage sellers into the market. Once they move it rapidly to the upside, all those sellers have to become buyers to exit their positions, thereby fueling the up move and helping the longs...
Institution 's bull is clear now, only not know their target, 146.303 DO level?
Be a spectator, not a player
- #25,473
- Jul 12, 2017 6:19am Jul 12, 2017 6:19am
- | Joined Sep 2014 | Status: Trader | 1,138 Posts
{quote} over 450 pips and shove that up you A hole. LOL SO MANY LOSING TRADERS that post here I LOVE GETTING ATTACKED BY LOSING TRADERS IS THERE ANYONE THAT CAN TRADE?
no. Only you can trade vecuz you made 500 pips in 15 days..
- #25,474
- Jul 12, 2017 6:28am Jul 12, 2017 6:28am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
