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  • #1,126,501
  • Aug 5, 2017 2:13pm Aug 5, 2017 2:13pm
Quoting F.g
{quote} I believe this is a warning of stop-loss hunting for Sunday... Those with solid bearish view should lift their protection up to 1.18 37 min. .....
Good number. I have the same exactly.
  • #1,126,502
  • Aug 5, 2017 4:12pm Aug 5, 2017 4:12pm
This is what I was seeing (D1, EURAUD):
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Took the short early. It was a bit risky to trade against the trend.
  • #1,126,503
  • Edited Aug 6, 2017 6:42am Aug 5, 2017 5:04pm | Edited Aug 6, 2017 6:42am
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On the daily prices just got to the 9sma (200sma on the weekly and 50sma on the monthly), if we draw the trendline the same TL can be moved up to make the channel line (CL) placing it on a point in between the points of the TL... Traders enter at the TL and take profit at the CL......the correction was due........the issue is we do not know when she will turn....

The hourly gives us more information and maybe to pin point our entry.......here we have a rising wedge in a rising wedge........

Bears were hesitant to short.....they been kicked in their teeth a several times.......bulls also hesitant to sell completely.......they all thinking of 1.25.....

The news was an excuse to have a reason for both side....

I sold at the top of the small wedge with a protect stop just above the new extreme (before the news)......I could have stayed a bit more.....but it is all easy in hindsight........

I was long also UJ which made a DB after a break of a major trendline and I also covered my short on cable......which before "his man fart talk" made a break out pull back on a upper TL.

Next week another battle.......
trading is simple but is simple is not easy.
  • #1,126,504
  • Edited 5:29pm Aug 5, 2017 5:17pm | Edited 5:29pm
Quoting malcolmb14
hope everyone comes and beats on the chest when they have massive losses..... lol this is the daily .... lets see how next week unfolds .. but there is a strong potential for a move to monthly s2 and 50% fib retracement of the big move. But this is FX and i day trade... so I would ignore me. {image}
If you want massive losess the eur usd is gonna have to start looking like the inverted usd/eur ,,,,,,,,, that last big volume day on the inverted usd/eur equates to the 1650 area on the eur/usd , well shit malc there may be something to this volume crap lol,,,, cheers all .
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Just not the way it was ever explained to me ,,,,, that selling into up bars and buying down bars 1st time I heard that ,,,, charts show it it ,,,,,,,,,, kinda falls in line with the view Ive had for a long time ,,,,, its not a sprint its a marathon
  • #1,126,505
  • Aug 5, 2017 5:42pm Aug 5, 2017 5:42pm
Quoting digger1
{quote} If you want massive losess the eur usd is gonna have to start looking like the inverted usd/eur ,,,,,,,,, that last big volume day on the inverted usd/eur equates to the 1650 area on the eur/usd , well shit malc there may be something to this volume crap lol,,,, cheers all . {image} Just not the way it was ever explained to me ,,,,, that selling into up bars and buying down bars 1st time I heard that ,,,, charts show it it ,,,,,,,,,, kinda falls in line with the view Ive had for a long time ,,,,, its not a sprint its a marathon
I don't hate it :/
  • #1,126,506
  • Aug 5, 2017 6:10pm Aug 5, 2017 6:10pm
Either way..its hard to get solid direct by all styles of trade atm...I look at one thing only though.. the bars. And when I see a long pin facing up on a weekly in the clouds where its been trading.. I don't care so much what caused it and how long it took to form or with what volume. I see a short.
  • #1,126,507
  • Aug 5, 2017 8:02pm Aug 5, 2017 8:02pm
Quoting Venomousssss
Either way..its hard to get solid direct by all styles of trade atm...I look at one thing only though.. the bars. And when I see a long pin facing up on a weekly in the clouds where its been trading.. I don't care so much what caused it and how long it took to form or with what volume. I see a short.

I diasagree .

One style fits all ..I trade everything using the same style I have demonstrated here this week . Futures , fx , stocks using options etc

our own own worst enemy is ourselves in trading . We think the market moves everyday and can get caught in a choppy consolidation phase, which are where you can lose money and get confused on the real direction . We feel the need to be in the market at all times otherwise we will lose an opportunity .

reality is fx has about two or three good days movement a week . The other days are consolidation

once a teader understands how the markets work making money , in theory , is simple .
Blogging daily now at www.volume.zone
  • #1,126,508
  • Aug 5, 2017 9:14pm Aug 5, 2017 9:14pm
Quoting malcolmb14
{quote} I diasagree . One style fits all ..I trade everything using the same style I have demonstrated here this week . Futures , fx , stocks using options etc our own own worst enemy is ourselves in trading . We think the market moves everyday and can get caught in a choppy consolidation phase, which are where you can lose money and get confused on the real direction . We feel the need to be in the market at all times otherwise we will lose an opportunity . reality is fx has about two or three good days movement a week . The other days are consolidation...
Ill always toss my thought out there. But ultimately the reason I'm on this forum is to get more insight from other traders. And I'm thankful for yours Shoot..just yesterday I learned not to bet against Hilmy when he opens his casino
  • #1,126,509
  • Aug 5, 2017 10:39pm Aug 5, 2017 10:39pm
Quoting de5151
Looks like down from here? {image}

Have an open mind and no bias... I know it's hard but 90 of how to make money in fx is battling our own minds.

If you swing trade wait wait for a daily close under a 14sma and then an up wave ...this will prove the reversal z
markets always move in three waves with the second wave often being the biggest . That applies in any time frame .

Never pick tops and bottoms .. a market can keep going even when you think it can't
Blogging daily now at www.volume.zone
  • #1,126,510
  • Aug 5, 2017 10:40pm Aug 5, 2017 10:40pm
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very power resistance on monthly
EUR down
  • #1,126,511
  • Aug 5, 2017 10:42pm Aug 5, 2017 10:42pm
Quoting digger1
{quote} If you want massive losess the eur usd is gonna have to start looking like the inverted usd/eur ,,,,,,,,, that last big volume day on the inverted usd/eur equates to the 1650 area on the eur/usd , well shit malc there may be something to this volume crap lol,,,, cheers all . {image} Just not the way it was ever explained to me ,,,,, that selling into up bars and buying down bars 1st time I heard that ,,,, charts show it it ,,,,,,,,,, kinda falls in line with the view Ive had for a long time ,,,,, its not a sprint its a marathon

the very very best example of this ... professional money buys in down bars ...go to a chart of BP the stock . The time was around the time the gulf of mexecico well head broke at 1km down . The news was the well head repair had failed . That was the highest volume day ever of BP on a down bar and the low of the stock for months to come
Blogging daily now at www.volume.zone
  • #1,126,512
  • Aug 5, 2017 10:58pm Aug 5, 2017 10:58pm
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  • #1,126,513
  • Aug 5, 2017 11:17pm Aug 5, 2017 11:17pm
Quoting malcolmb14
{image}
Hopefully we will visit 1.1540 - 1.1520 zone >D
Know yourself before fight with the market.
  • #1,126,514
  • Aug 5, 2017 11:54pm Aug 5, 2017 11:54pm
so ignore last post form me .. I was trying to do this one from my Iphone ....

Here is my analysis long term for Euro . Is this is a top reversal ? To early to tell ..

See the image below and commentary on left side of image . If this sell materializes and we wait patiently a nice 250 to 300 SAFE pips can be made.

when you read the commentary ... remember this ;
professional money buys on down bars
professional money sells on up bars

Hence i talk about ultra high volume UP bars being a potential sign of weakness.
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  • #1,126,515
  • Aug 6, 2017 12:24am Aug 6, 2017 12:24am
Quoting malcolmb14
so ignore last post form me .. I was trying to do this one from my Iphone .... Here is my analysis long term for Euro . Is this is a top reversal ? To early to tell .. See the image below and commentary on left side of image . If this sell materializes and we wait patiently a nice 250 to 300 SAFE pips can be made. when you read the commentary ... remember this ; professional money buys on down bars professional money sells on up bars Hence i talk about ultra high volume UP bars being a potential sign of weakness. {image}
volume is bs anyway ... just ignore me
Blogging daily now at www.volume.zone
  • #1,126,516
  • Aug 6, 2017 1:24am Aug 6, 2017 1:24am
Quoting iemand
This is what I was seeing (D1, EURAUD): {image} Took the short early. It was a bit risky to trade against the trend.
Saw that iemand. It could be a valuable week if all goes to expectations...which is probably my first error...having an expectation. Got the first leg down after it settled down a bit. Now just gotta watch the fundamentals for any upset. Is there a thread dedicated to EA? Couldn't see one.
  • #1,126,517
  • Aug 6, 2017 1:46am Aug 6, 2017 1:46am
Quoting Tereticornis
{quote} Saw that iemand. It could be a valuable week if all goes to expectations...which is probably my first error...having an expectation. Got the first leg down after it settled down a bit. Now just gotta watch the fundamentals for any upset. Is there a thread dedicated to EA? Couldn't see one.
Quick comment on this one.

TRY and have zero bias .. then you can react to markets . I find when I have bias I keep thinking but the market HAS to go the direction I think its going . It ends up costing me $$$$$.

This is the market it can reverse on you in 5 seconds.... come each day to the market with a mind like a blank paper.

Also watch the charts for any upset NOT the fundamentals. ... everything we need is in the charts . If you are the fed reserve and want to sell $trillions of eurusd do you do it in 5 minutes or even one day..... it happens over days. These day are called consolidation days .. the tight range days that coil like a spring. This is professional money in the market taking huge positions.The longer these phases last the bigger the move . Think if you coil a spring and keep coiling it and coiling it until it can coil no more when you let it go the energy released is HUGE . The markets are essentially exactly the same.

how do we know when the markets consolidate the way its going ... that's the hard part .. or is it ? its actually simple as rule 1 .. everything we need to know is in the charts
Blogging daily now at www.volume.zone
  • #1,126,518
  • Aug 6, 2017 1:51am Aug 6, 2017 1:51am
Quoting iemand
This is what I was seeing (D1, EURAUD): {image} Took the short early. It was a bit risky to trade against the trend.
actually the real set up was on a 60 min and almost PERFECT

there was no way you could have lost on that trade if you took the sell on the top of the hourly on the third vertical ... all those high volume up bars sellers stamping on the buyers heads

now we have high volume down bars but closing on lows... that could be all selling . In order to determine this we have to wait to see reaction on Monday.

with two or three days of distribution eur has MUCH further to go down yet
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  • #1,126,519
  • Aug 6, 2017 2:25am Aug 6, 2017 2:25am
Quoting malcolmb14
{quote} actually the real set up was on a 60 min and almost PERFECT there was no way you could have lost on that trade if you took the sell on the top of the hourly on the third vertical ... all those high volume up bars sellers stamping on the buyers heads now we have high volume down bars but closing on lows... that could be all selling . In order to determine this we have to wait to see reaction on Monday. with two or three days of distribution eur has MUCH further to go down yet {image}
You using legendary Malcoms name to be impressive?
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  • #1,126,520
  • Aug 6, 2017 2:29am Aug 6, 2017 2:29am
Quoting malcolmb14
{quote} Quick comment on this one. TRY and have zero bias .. then you can react to markets . I find when I have bias I keep thinking but the market HAS to go the direction I think its going . It ends up costing me $$$$$. This is the market it can reverse on you in 5 seconds.... come each day to the market with a mind like a blank paper. Also watch the charts for any upset NOT the fundamentals. ... everything we need is in the charts . If you are the fed reserve and want to sell $trillions of eurusd do you do it in 5 minutes or even one day........
Very impressive but it doesn't ring a bell.

You are just a fool trying to impress this forum!
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F.g