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  • #601
  • Sep 12, 2017 4:16pm Sep 12, 2017 4:16pm
GBP/CAD M30 Short Trade

Price is getting stretched..
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Sept 17 GBP:CAD M30 Short Trade 2.png Size: 160 KB
  • #602
  • Sep 12, 2017 4:24pm Sep 12, 2017 4:24pm
Quoting stevepatt
GBP/CAD M30 Short Trade Price is getting stretched.. {image}

It really is.
But I suspect unusual behavior, I mean look at all those inside candles.
What gives!?
  • #603
  • Sep 12, 2017 4:49pm Sep 12, 2017 4:49pm
Quoting faatkumo
{quote} It really is. But I suspect unusual behavior, I mean look at all those inside candles. What gives!?

Price will keep going up until it encounters enough Pending Sell Orders to enable Buyers to Liquidate their positions.

In effect Price becomes too expensive to Buy.

All we can do is, try to, Anticipate where there will be enough Sell Orders (in this case) to cause a PullBack or change of Market Direction.

I don't know if there is anything "odd" happening within the Market £ has been Bullish across the board today.
  • #604
  • Sep 12, 2017 4:52pm Sep 12, 2017 4:52pm
Quoting stevepatt
{quote} Price will keep going up until it encounters enough Pending Sell Orders to enable Buyers to Liquidate their positions. All we can do is, try to, Anticipate where there will be enough Sell Orders (in this case) to cause a PullBack or change of Market Direction. I don't know if there is anything "odd" happening within the Market £ has been Bullish across the board today.


Gotcha.
Okay I just thought it's odd, as Ryan mentioned similar behavior to be suspect.
  • #605
  • Sep 12, 2017 8:28pm Sep 12, 2017 8:28pm
Quoting faatkumo
{quote} Gotcha. Okay I just thought it's odd, as Ryan mentioned similar behavior to be suspect.
I'm hoping the .90 level on EURGBP is going to be the level where buy orders will start to accumulate......if that's the case, I bet big players will manipulate price first.....all speculation and wishful thinking.
What you do is a reflection of you....what I do is a reflection of me.
  • #606
  • Sep 13, 2017 12:27am Sep 13, 2017 12:27am
Quoting stevepatt
GBP/CAD M30 Short Trade Price is getting stretched.. {image}
GBP/CAD M30 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Sept 17 GBP:CAD M30 Observations.png Size: 176 KB
  • #607
  • Sep 13, 2017 12:28am Sep 13, 2017 12:28am
Quoting Cubbybgood
Since I'm going out of town tomorrow. I was wondering what people would want from my future videos when I get back. Any suggestions of what you would like to see other than my personal trading progress?

Hi Ryan,

I'd be interested in seeing more about how you read the Market.

Structure - Price Action etc.
  • #608
  • Sep 13, 2017 12:30am Sep 13, 2017 12:30am
Quoting stevepatt
{quote} EUR/GBP H1 Long Trade Update.. News going against me on this Trade have to see if the 0.90000 BRN has attracted Buyers {image}
EUR/GBP H1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Sept 17 EUR:GBP H1 Observations.png Size: 159 KB
  • #609
  • Sep 13, 2017 12:46am Sep 13, 2017 12:46am
Quoting stevepatt
{quote} GBP/CAD M30 Observations {image}
I've been watching this one as well Steve....I dont think this pair has showned its hand yet at this level.
What you do is a reflection of you....what I do is a reflection of me.
  • #610
  • Sep 13, 2017 1:05am Sep 13, 2017 1:05am
Quoting Ezzy
{quote} I've been watching this one as well Steve....I dont think this pair has showned its hand yet at this level.

Hi Ezzy,

As Retail Traders we don't know which Levels Banks/Institutions are using to place their Pending Orders.

All we can do is look to the left and make judgments based on our Market Knowledge.

It could well continue to rise from 1.62000 but there are other Levels of Selling above.
  • #611
  • Sep 13, 2017 4:43am Sep 13, 2017 4:43am
Quoting stevepatt
GBP/CAD M30 Short Trade Price is getting stretched.. {image}
GBP/CAD M30 Short Trade Result

+54 Pips Net

Return on Trade +0.27%

Cumulative Return +12.03%

We don't know Institutions intentions until a move occurs but, that small Bullish Push above 1.62000, that Triggered my second Trade, was done deliberately.
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Sept 17 GBP:CAD M30 Short Trade Result.png Size: 131 KB
  • #612
  • Sep 13, 2017 4:58am Sep 13, 2017 4:58am
Quoting stevepatt
{quote} GBP/CAD M30 Short Trade Result +54 Pips Net Return on Trade +0.27% Cumulative Return +12.03% We don't know Institutions intentions until a move occurs but, that small Bullish Push above 1.62000, that Triggered my second Trade, was done deliberately. {image}


Get get ready to possibly go long.
Lol
  • #613
  • Sep 13, 2017 5:04am Sep 13, 2017 5:04am
Quoting faatkumo
{quote} Get get ready to possibly go long. Lol
i hope he pass on that at this point
there is always, always another trade!!
  • #614
  • Sep 13, 2017 5:06am Sep 13, 2017 5:06am
Trade on NZDCAD worked out: 52 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: 13-9-NZDCADH1.png Size: 52 KB
  • #615
  • Sep 13, 2017 8:44am Sep 13, 2017 8:44am
Hi all,
Does anyone know any indicator scan current chart and show us the inside bar setup?
Thanks.
  • #616
  • Sep 13, 2017 9:34am Sep 13, 2017 9:34am
Quoting faatkumo
{quote} Get get ready to possibly go long. Lol

Closed
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.jpg Size: 179 KB
  • #617
  • Sep 13, 2017 10:13am Sep 13, 2017 10:13am
Quoting Ducdaovn
Hi all, Does anyone know any indicator scan current chart and show us the inside bar setup? Thanks.

Hi Ducydaovn,

Try this one... Post #203

Anything you are looking for it's best to do a search of the thread before asking.
  • #618
  • Sep 13, 2017 10:15am Sep 13, 2017 10:15am
Quoting faatkumo
{quote} Closed {image}

Nice one, I wasn't around to Trade it.
  • #619
  • Sep 14, 2017 8:45am Sep 14, 2017 8:45am
Quoting stevepatt
{quote} Nice one, I wasn't around to Trade it.

Anyone in EURGBP?
Im 9 long trades in heavy from Friday.
  • #620
  • Sep 14, 2017 8:49am Sep 14, 2017 8:49am
Quoting faatkumo
{quote} Anyone in EURGBP? Im 9 long trades in heavy from Friday.
I am. Widened the grid space to about 40..50 pips.
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