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  • #34,821
  • Aug 15, 2018 4:32am Aug 15, 2018 4:32am
Quoting Sossos
At this point I would have to say that someone with deep pockets is buying everything close to 1320. They've held their ground now for 6 hours.
Yeah, the divergence on the 1hr is so strong. I don't know if it will hold. I intend to scalp buy 1.130x for a few pips if it gets there. I need a bit higher to sell, maybe a correction towards 1.1365 -75.
  • #34,822
  • Aug 15, 2018 4:33am Aug 15, 2018 4:33am
Quoting Sossos
At this point I would have to say that someone with deep pockets is buying everything close to 1320. They've held their ground now for 6 hours.
It appears that way ,, but price keeps getting closer and closer to ripping thru the 1320 ish area ,, needs a good pop soon or they wasted a bunch lol
  • #34,823
  • Aug 15, 2018 4:37am Aug 15, 2018 4:37am
An old Aussie buddy of mine used to call this cornering the pigs. The flat bottom and the angle coming down, one team is gonna win, just don't know which one yet.
  • #34,824
  • Aug 15, 2018 4:38am Aug 15, 2018 4:38am
Quoting Sossos
At this point I would have to say that someone with deep pockets is buying everything close to 1320. They've held their ground now for 6 hours.
I would call it an idiot with deep pockets. It will be moving lower.. If not today, tomorrow, or next week. It will move lower.
  • #34,825
  • Aug 15, 2018 4:41am Aug 15, 2018 4:41am
Quoting Sossos
An old Aussie buddy of mine used to call this cornering the pigs. The flat bottom and the angle coming down, one team is gonna win, just don't know which one yet.
They have worked that over bout every way they could , somebody will win here soon its not as much the weekly S 1 as it is the quarterly S 1 tho ,, that adds a little weight to that level
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  • #34,826
  • Aug 15, 2018 4:41am Aug 15, 2018 4:41am
Quoting SuperTiger
{quote} I would call it an idiot with deep pockets. It will be moving lower.. If not today, tomorrow, or next week. It will move lower.
If it doesn't move lower today (which means it moves higher first) then the "idiot" would have made his money. He took the risk and may be in for a little rise.
  • #34,827
  • Aug 15, 2018 4:51am Aug 15, 2018 4:51am
Quoting Mitiblotch
{quote} If it doesn't move lower today (which means it moves higher first) then the "idiot" would have made his money. He took the risk and may be in for a little rise.
That would make me the idiot! LOL Honestly, to my eye it is going down in the next few hours.
The Euro-zone has major problems fundamentally.
  • #34,828
  • Aug 15, 2018 4:52am Aug 15, 2018 4:52am
Digger, what type of pivot points do you use. You know like standard, fib, demark etc... ?
  • #34,829
  • Aug 15, 2018 4:53am Aug 15, 2018 4:53am
Having pockets with the right /and generous/ depth and being ready to risk might give you the opportunity to change the market enough to make it worth. I think chances are someone is making profit of this long positions by the end of the day. People in uncertainty, looking at H1 chart might be willing to follow the big pockets buying /lowest low keeping almost constant/.
  • #34,830
  • Aug 15, 2018 4:54am Aug 15, 2018 4:54am
Quoting Sossos
Digger, what type of pivot points do you use. You know like standard, fib, demark etc... ?
Camarilla pivots and the standard ones
  • #34,831
  • Aug 15, 2018 4:58am Aug 15, 2018 4:58am
So you use one each for different time frames?
  • #34,832
  • Aug 15, 2018 5:04am Aug 15, 2018 5:04am
Quoting SuperTiger
{quote} That would make me the idiot! LOL Honestly, to my eye it is going down in the next few hours. The Euro-zone has major problems fundamentally.
If you're talking fundamentals, then "within hours" isn't the right timeframe.
  • #34,833
  • Aug 15, 2018 5:04am Aug 15, 2018 5:04am
Consolidation/Distribution/Accumulation.. what ever u name it.. im waiting it almost 2 hour.. pufft .. hahahaha...
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  • #34,834
  • Aug 15, 2018 5:06am Aug 15, 2018 5:06am
Quoting Sossos
Just a comment Donwealt, I spent my entire evening last night starting at the first page (1463) that Ata started from his first page. I then went to my charts on the same days that he was commenting and drawing lines on. I did what he was doing. After 150 pages of the blog and about a week worth of charts I started to really see how, what he did and got a feel for his methods. By doing that kind of work it starts to become you. Your faith in it builds. Now this morning I draw my lines, look at the MA, check the London opens. Bias is still sell,...
I have been practing Ata's too. On m15, one occurred at LO horizontal line1340 (that even coincided with my own set up....which I missed(sucks). Another occurred at 13367.......which I got in late @13320 as follow-through, but got spiked off at BE(sucks) cos I use 10 pips BE rule. I'm getting freaked out but I believe I will get better with time. Especially having the presence of mind to get in at first entry. Follow-through trades frequently get knockout at BE.
  • #34,835
  • Aug 15, 2018 5:08am Aug 15, 2018 5:08am
Quoting Sossos
So you use one each for different time frames?
I use the weeklys to trade the quarterlys back and forth mainly ,, use the dailys for better entries on the swings during the week or scalps for day trades
  • #34,836
  • Aug 15, 2018 5:09am Aug 15, 2018 5:09am
Currently in a trade now with 6.4 pips profit. And this 1320 don't semm to be giving way. Don't know whether to get out or sit tight.
  • #34,837
  • Aug 15, 2018 5:13am Aug 15, 2018 5:13am
Quoting Donwealt
Currently in a trade now with 6.4 pips profit. And this 1320 don't semm to be giving way. Don't know whether to get out or sit tight.
Its slowly losing the battle ,, unless some buyers show up with deeper pockets
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  • #34,838
  • Aug 15, 2018 5:18am Aug 15, 2018 5:18am
Well, if a buyer does show up, he's gonna have to take out 1349 to make me a believer.
  • #34,839
  • Aug 15, 2018 5:18am Aug 15, 2018 5:18am
Good scruff going on right here anyway ,,, the longer charts divergence should show its hand pretty quick tho if it is going too here
  • #34,840
  • Aug 15, 2018 5:21am Aug 15, 2018 5:21am
Don, look at the market your dealing with. It's been in a 20 tick range for almost 10 hours now.
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