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  • #1,123,301
  • Jul 14, 2017 8:35am Jul 14, 2017 8:35am
Quoting skillz16
Gap up is this right? Where it does not trade at all at those prices and just rises on really high demand on next bar. I don't think this was technically a "gap" or a "gap up" right? I could be wrong though. {image}
I think he saw a gap up because his platform probably froze and bugged out on him. There is no gap atm. Just a lot of shorts got killed is all
  • #1,123,302
  • Jul 14, 2017 8:36am Jul 14, 2017 8:36am
HOLY CRAP! What just happened? Someone just SLAMMED it here now! If 1.14370 then 1.1420 break that would be REALLY interesting... haha.


Is connor(s) missing this? Man. Haha. Some interesting PA here this morning...
  • #1,123,303
  • Jul 14, 2017 8:38am Jul 14, 2017 8:38am
I take a piss and 25 pips are gone
  • #1,123,304
  • Jul 14, 2017 8:40am Jul 14, 2017 8:40am
Why did the price reverse so fast?? Im new to forex but will the uptrend continue?
  • #1,123,305
  • Jul 14, 2017 8:40am Jul 14, 2017 8:40am
Quoting KiinGPurP
I take a piss and 25 pips are gone
Haha they could come back here soon right? Some crazy PA. As a short who took some hurt, I'd say it recovers off of 1.14370 to hurt me more. AND/OR to make me uncomfortable over the weekend

Haha, maybe I do this because I really AM a masochist...
  • #1,123,306
  • Jul 14, 2017 8:42am Jul 14, 2017 8:42am
am starting to wonder if the bad news was already expected... and the range remains in play.
  • #1,123,307
  • Jul 14, 2017 8:43am Jul 14, 2017 8:43am
Quoting DXB-trader
Why did the price reverse so fast?? Im new to forex but will the uptrend continue?
1. No one knows what's next. That is the fun.

2. Should base off of these for the LONGS: 1.14370 then 1.1420.

3. Max upside IMO should be 1.1550 with a low probability of getting there...

4. Near term "short support" would be no higher than 1.1480... but if it jumps through that, we PROBABLY WILL SEE close to 1.1550ish which sucks for shorts.
  • #1,123,308
  • Jul 14, 2017 8:44am Jul 14, 2017 8:44am
I appreciate all your support guys! I told myself many times " Quitters never win" and I never quit anything, this time is different. Woke up this morning to see another 15% of my account gone. I am not even mad anymore. You all right guys, from each of your points! Maybe take a break not bad idea. At this point I am lost. I had bad times in past but this time is worst. I will stick around for a while since I met a lot of very good people here but just mostly reading. I wish you all the best. We are all fighting here who is right or wrong but when someone needs help we all getting together and helping. This is the best thread in entire FF.
  • #1,123,309
  • Jul 14, 2017 8:44am Jul 14, 2017 8:44am
Can't believe these crazy people wanna drive EURO to 1.16 but based on what lol? If current H4 support holds then get ready for the rally.
Read in between the price!!!
  • #1,123,310
  • Jul 14, 2017 8:47am Jul 14, 2017 8:47am
if euro ends today around 1.147-1.1480 I GUARANTEE YOU there is GOING TO BE A GAP UP to KILL ALL THE SHORTS above it's HH. Be careful.
  • #1,123,311
  • Jul 14, 2017 8:53am Jul 14, 2017 8:53am
I'd think 1.1500 and 1.1550 are max targets for up instead of down, but by saying this I risk sounding pretty comical because that is a heck of a lot higher than here.

I'd think 1.1500 should hold but who knows I suppose. Wild action/point here for it now for sure.

I'd personally like to see it stay below 1.1480, but this market fuc@#$ hates me and does not care what I "personally" want so... haha.
  • #1,123,312
  • Jul 14, 2017 8:56am Jul 14, 2017 8:56am
jumped out of longs and am now fflat.. the chicken looks cooked... It seems like it was already priced.
  • #1,123,313
  • Jul 14, 2017 8:57am Jul 14, 2017 8:57am
Quoting Takisd
am starting to wonder if the bad news was already expected... and the range remains in play.

Sorry bro but this was a technical move, entirely. Altough I expected to meet fresh buyers this morning around 1.1385, they didnt give a chance. Please see below:

Quoting Connors
{quote} I work with hidden gaps when pa reaches a new high or low. The area 1.1468/1.1478 is where I see price filling it before a major drop but it is not a rule of course. Once/if it is sorted, a short trade would be safer but pa is exhausted and it may fail to do that. I have the exact 1.1415 on my chart, let's see today's close bud.
Hidden gaps especially work when it is at the top or bottom of a trend. It is now sorted with the high of today however it also now opened the gateway to 1.1530/1.1540 area. If it werent Friday, it would drop like a piece of stone after touching 1.14675. Instead, pa will screw with anyone who was hoping for a large drop.
  • #1,123,314
  • Jul 14, 2017 8:58am Jul 14, 2017 8:58am
Quoting skillz16
HOLY CRAP! What just happened? Someone just SLAMMED it here now! If 1.14370 then 1.1420 break that would be REALLY interesting... haha. Is connor(s) missing this? Man. Haha. Some interesting PA here this morning...
That's some pretty regular and common PA there after news/spikes. You gotta be aware of it always as it is what traps traders in the wrong direction and then kills them when they start adding while PA keeps going to its original direction. It's some kind of second chance for those who entered opposite trade somewhere close to top of initial spike or for those who want to add positions to the original spike direction.
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  • #1,123,315
  • Jul 14, 2017 9:11am Jul 14, 2017 9:11am
Quoting denisius
I appreciate all your support guys! I told myself many times " Quitters never win" and I never quit anything, this time is different. Woke up this morning to see another 15% of my account gone. I am not even mad anymore. You all right guys, from each of your points! Maybe take a break not bad idea. At this point I am lost. I had bad times in past but this time is worst. I will stick around for a while since I met a lot of very good people here but just mostly reading. I wish you all the best. We are all fighting here who is right or wrong but when...
If you can't afford it, quit. If you can play a small account with small leverage and preset risk and profit, stick with it and trade for the experience and for learning. Go through systems/ideas/develop your own and eventually you will make progress. Just don't listen to what anyone says about where price is heading, that's yours to identify. Give it a year or five and you will be around b/e, which is a good point to start trading with more money.
  • #1,123,316
  • Jul 14, 2017 9:12am Jul 14, 2017 9:12am
Quoting sakisf
{quote} That's some pretty regular and common PA there after news/spikes. You gotta be aware of it always as it is what traps traders in the wrong direction and then kills them when they start adding while PA keeps going to its original direction. It's some kind of second chance for those who entered opposite trade somewhere close to top of initial spike or for those who want to add positions to the original spike direction. {image}
It is the "fear and greed" 40%-60% decline of the initial move right?

Initial was 0.003 to 1.1440. That puts the targets to BUY or LIFT BAD SHORTS if you want at these:

1.1420+0.0012 = 1.1432.
1.1420+0.0018 = 1.1438.

*NOTICE THAT: We saw the 60% traceback today, and that usually does not happen. You usually get the 40% one max on the strong moves in either direction...

Ain't "fear and greed" great?
  • #1,123,317
  • Jul 14, 2017 9:12am Jul 14, 2017 9:12am
oh shit they might fill the US index gap
  • #1,123,318
  • Jul 14, 2017 9:13am Jul 14, 2017 9:13am
How I feel atm

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Read in between the price!!!
  • #1,123,319
  • Jul 14, 2017 9:14am Jul 14, 2017 9:14am
Quoting skillz16
{quote} It is the "fear and greed" 40%-60% decline of the initial move right? Initial was 0.003 to 1.1440. That puts the targets to BUY or LIFT BAD SHORTS if you want at these: 1.1420+0.0012 = 1.1432. 1.1420+0.0018 = 1.1438. *NOTICE THAT: We saw the 60% traceback today, and that usually does not happen. You usually get the 40% one max on the strong moves in either direction... Ain't "fear and greed" great?
Something like that. Search the posts of KzX, he had some very good ideas about these numbers and that was how he was trading.
  • #1,123,320
  • Jul 14, 2017 9:25am Jul 14, 2017 9:25am
Those spikes mess all TA up......trades need be be taken before the release because PA always knows...... missed my long on GU and short with UJ (I think a bit of fear kicked in) .....clear signals were given prior in the slow/tight movements....... Not trades for me today........Lesson learned..... Always something to learn......

made 7% this week on my Audi major account......and 8.2 on my Maserati risky one.... I did not start the week well but I was able to get it back bit by bit with patience and being very focused .........it is not easy....every week is a real challenge.........

This post is for Denisius, hopefully he will find this perception useful.

All the best...Done for the week.
trading is simple but is simple is not easy.
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