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  • #52,801
  • Oct 16, 2018 4:46am Oct 16, 2018 4:46am
Quoting callmechief
{quote} The interbank market consists of the biggest players in Forex. But not just any big players. they are hedge funds, central banks, etc... They are the liquidity providers and no, thy do not have a central order book, because this would prove collusion amongst the "nasty 10" as I call it. They have this name because the top 10 banks in the world including UBS, Goldman Sachs, Deutsche Bank provide liquidity to the majority of retail traders. Below is a screenshot from the mt4 manager user guide. SOAK IT ALL IN!! This is a part of every liquidity...
Nice post, thanks for sharing.
  • #52,802
  • Oct 16, 2018 4:49am Oct 16, 2018 4:49am
Quoting kamikaze351
{quote} but 7 consecutive HL's (incl. Sunday) on other side. {image}
That's an interesting point, always good to see both sides of the argument. I guess we'll find out soon enough.

My opinion (Just an opinion, not even analysis) is that it will go to around 1.153 and then to 1.17x this week, so we could both be right
  • #52,803
  • Oct 16, 2018 4:53am Oct 16, 2018 4:53am
Hi 10min to H1 close.
Looks like 1H will break down Blue TL, close bleoow LO, Close bellow LWMA, therefore switch to m5 and find short entry...
1.1579 looks a good place to do it...
time to scalp longs and trend shorts.
my half cent...
If you don't know how to earn money, don't loose it.
  • #52,804
  • Oct 16, 2018 4:53am Oct 16, 2018 4:53am
Should've taken my 21pips and left if I was a little observant. Eagerly waiting for my 30pips and neglected a vital clue. Now I have given them all back to them. Disgusting but that's OK.
Anyways, the learning continues. It take's years(9 or more post graduation) to become a brain or heart surgeon. Market too is demanding it's own years of intensive training but I want to make it faster. I have to make it faster, a lot faster. Possibly 1yr should be enough with a mentor like ATA and you guys here.
Always grateful to have found this thread immediately I registered in FF.
  • #52,805
  • Oct 16, 2018 4:56am Oct 16, 2018 4:56am
Quoting post
{quote} Additional shorts closed at 1.1567, Asian daily low now Europe low. original still running, Happy Trading.
EU could try re-testing 1.1535. IMO

Happy Trading
Trades technical moves enforced by fundamentals
  • #52,806
  • Oct 16, 2018 5:01am Oct 16, 2018 5:01am
H1 green line is very flat but based on past experience, my guts tell me that bulls are getting ready to push this back up. (Correlates with my general view that best place to buy is often the area where candles slow down just below the green line). No rush though, so once again: green line on H1 is flat!

Stay Green
Focus only on what truly matters!
  • #52,807
  • Oct 16, 2018 5:01am Oct 16, 2018 5:01am
Quoting Starcraftmaz
{quote} That's an interesting point, always good to see both sides of the argument. I guess we'll find out soon enough. My opinion (Just an opinion, not even analysis) is that it will go to around 1.153 and then to 1.17x this week, so we could both be right
if price will stay below 1600 it's going to be bearish again. I am very careful when I see a lot of articles about weakening dollar, collapsing US economy, political conflicts involving US, etc. This is usually a trap to confirm all long positions and than bust them all with new wave.
Ki Sang has time for everything
  • #52,808
  • Oct 16, 2018 5:03am Oct 16, 2018 5:03am
adding short @ 1.1573
tp 1.1530
Sl 10pips

check 1: Price was flat compared to previous Lo was flat
check 2 : H1 closed below 54lwma

jus my 2 cents
  • #52,809
  • Oct 16, 2018 5:05am Oct 16, 2018 5:05am
Quoting post
{quote} EU could try re-testing 1.1535. IMO Happy Trading
totally agree! and here is why...it is a big flat. I ain't looking at fundamentals...but all the signs of a consolidation are there in the structure.
Additionally from a level perspective...Price action started today being smack in the middle of a Daily O, above it a Monthly O and below it a Weekly O.
Too many Os in my opinion lol lol because unless cleared ...this will continue to be choppy.

If WeeklyO is cleared we might tag the 1.1535.
Question is:how does post get levels from fundamentals lol lol?
  • #52,810
  • Oct 16, 2018 5:05am Oct 16, 2018 5:05am
What I don't really understand is the sudden long movement from this morning.

My assumption is that it was a movement to try to catch stop losses on shorts ?

Can somebody enlighten me ?
  • #52,811
  • Oct 16, 2018 5:06am Oct 16, 2018 5:06am
Quoting Nameless009
adding short @ 1.1573 tp 1.1530 Sl 10pips check 1: Price was flat compared to previous Lo was flat check 2 : H1 closed below 54lwma jus my 2 cents
You got it all wrong my friend.. a close below green is never enough to open a sell!

Stay Green
Focus only on what truly matters!
  • #52,812
  • Oct 16, 2018 5:08am Oct 16, 2018 5:08am
Quoting Ata-Turkoglu
H1 green line is very flat but based on past experience, my guts tell me that bulls are getting ready to push this back up. (Correlates with my general view that best place to buy is often the area where candles slow down just below the green line). No rush though, so once again: green line on H1 is flat! Stay Green
Does your MACD spot any divergence?
Sorry to disturb...
If you don't know how to earn money, don't loose it.
  • #52,813
  • Oct 16, 2018 5:10am Oct 16, 2018 5:10am
Quoting Mitiblotch
The upper wicks on last three daily candle sticks, including today, makes it obvious that this may not stay above 1.16 anytime soon. Plan: I'm selling any up spikes.
It's headed down even if it gets above 1.16000 for while. Initially thought it would reach 1.165-1.17 area before the H&S is formed on D1 but I'm now open to the fact that it might as well take it down from here. If today closes bearishly, then it takes some serious fundamentals fro Eurozone to shake it out of the bearish inclination. A D1 hidden bearish divergence is already about to set in.
  • #52,814
  • Oct 16, 2018 5:10am Oct 16, 2018 5:10am
Quoting Ata-Turkoglu
{quote} You got it all wrong my friend.. a close below green is never enough to open a sell! Stay Green
Welcome back Ata, but the price also closed below trendline or am I doing it wrong ?
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  • #52,815
  • Oct 16, 2018 5:13am Oct 16, 2018 5:13am
Quoting kayikayi
{quote} totally agree! and here is why...it is a big flat. I ain't looking at fundamentals...but all the signs of a consolidation are there in the structure. Additionally from a level perspective...Price action started today being smack in the middle of a Daily O, above it a Monthly O and below it a Weekly O. Too many Os in my opinion lol lol because unless cleared ...this will continue to be choppy. If WeeklyO is cleared we might tag the 1.1535. Question is:how does post get levels from fundamentals lol lol?

LOL.. . The thing is I use fundamentals to set up my mind for buy or sell and tech chart for Entry and EXIT Hope everything is clear to you now. lol

Happy Trading my friend.
Trades technical moves enforced by fundamentals
  • #52,816
  • Oct 16, 2018 5:14am Oct 16, 2018 5:14am
Quoting Nameless009
{quote} Welcome back Ata, but the price also closed below trendline or am I doing it wrong ? {image}
It rarely can work but I still don't recommend using past BLUE trendlines once candles closed back above Green line. In the current case, the trendline you are using is obsolete. I would wait at least for a Blue TL breakout on M15 before jumping in short. Trade safe and good luck.

Stay Green
Focus only on what truly matters!
  • #52,817
  • Oct 16, 2018 5:17am Oct 16, 2018 5:17am
Quoting Ata-Turkoglu
H1 green line is very flat but based on past experience, my guts tell me that bulls are getting ready to push this back up. (Correlates with my general view that best place to buy is often the area where candles slow down just below the green line). No rush though, so once again: green line on H1 is flat! Stay Green
I am also think that up is where the eu will go.
Still above 50% correction , still in the pattern of new 3 elliot waves up , i am staying until 1.16290.
By the way , my sl didn't trigger , sl at 1.15655 , and so is the last low
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yes yes yes
  • #52,818
  • Oct 16, 2018 5:20am Oct 16, 2018 5:20am
In the meantime, if this current H1 candle closes bullishly, then the bulls will have the upper hand in the meantime.
  • #52,819
  • Oct 16, 2018 5:20am Oct 16, 2018 5:20am
im gona buy another long an itsy bitsy one LOL since im over half my margin and i dont like going over ...if this hourly candle closes above previous one close
buy the rumor,sell the news
  • #52,820
  • Oct 16, 2018 5:24am Oct 16, 2018 5:24am
Quoting Moty
{quote} I am also think that up is where the eu will go. Still above 50% correction , still in the pattern of new 3 elliot waves up , i am staying until 1.16290. By the way , my sl didn't trigger , sl at 1.15655 , and so is the last low {image}
Good to see that you think likewise but the difference between you and me is that you have trades open with drawdown and I am on sidelines. If we end up wrong you will feel some pain I will not.

Stay Green
Focus only on what truly matters!
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