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  • #71,561
  • Jan 8, 2019 7:45am Jan 8, 2019 7:45am
Quoting pipsquick16
The numbers that FF posts as far as who is long and who is short, on any given pair only covers retail traders, which is meaningless because its a drop in the bucket in comparison to the big boys, which is the banks.

Agreed. That and it covers a broad range of retails not just intraday guys but also fellas that have been holding positions from 1.17 months ago
You hesitate, you masturbate.
  • #71,562
  • Jan 8, 2019 7:49am Jan 8, 2019 7:49am
Quoting Ata-Turkoglu
New Sell Order: 1.1466 Lot: x/2 SL: 22 pips TP: Open Stay Green
Moving SL to 1.1460 (6/2=+3 pips locked)

Stay Green
Focus only on what truly matters!
  • #71,563
  • Jan 8, 2019 7:50am Jan 8, 2019 7:50am
Quoting pipsquick16
The numbers that FF posts as far as who is long and who is short, on any given pair only covers retail traders, which is meaningless because its a drop in the bucket in comparison to the big boys, which is the banks.
agreed. but it still swings 5% long to 5% short... and usually the ones who are short term traders have narrower stop losses (which are seen by the bots as simple pending orders).

So imagine if a whole load of retail traders have 30/1 margined positions opened "short" (as many are now) with a stop loss set at 1.1470 say... The "bots" will then look to move up to hit 1.1470 before going down below 1.14... as the "retail" traders had correctly predicted to be the direction earlier.

Thus it gives you a nice little potential "edge" to keep an eye out on sentiments and judge potential "stop loss levels" to see where prices may be driven up temporarily.
  • #71,564
  • Jan 8, 2019 7:51am Jan 8, 2019 7:51am
Breakdown
Now pull back to 1.14318 then drop like you never drop before
yes yes yes
  • #71,565
  • Jan 8, 2019 7:52am Jan 8, 2019 7:52am
Quoting pipsquick16
The numbers that FF posts as far as who is long and who is short, on any given pair only covers retail traders, which is meaningless because its a drop in the bucket in comparison to the big boys, which is the banks.
That is what I'm talking about. Those numbers are useless in either direction or what Starcraftmaz said!
I was holding my trade but after that comment my emotions started to get in the trade and I lost it. I was belving of 1.1420 but learned a lesson now to not open the thread while I'm shorting..
  • #71,566
  • Jan 8, 2019 7:54am Jan 8, 2019 7:54am
Quoting Dr.Forexx
Opened sell @1.4540. Tp: 1.1420. Sl: 1.1480
This was my trade.. Good luck all. And stay green!
  • #71,567
  • Jan 8, 2019 7:54am Jan 8, 2019 7:54am
Quoting Dr.Forexx
{quote} That is what I'm talking about. Those numbers are useless in either direction or what Starcraftmaz said! I was holding my trade but after that comment my emotions started to get in the trade and I lost it. I was belving of 1.1420 but learned a lesson now to not open the thread while I'm shorting..
Well that's life. I had also opened a short at 1.1467... then bottled it (after just 3 pips) because I thought it could still go up to 1.1490 since not many "stop losses" were hit yet.

so here we are now.. could have had a nice easy 40 pips!
  • #71,568
  • Jan 8, 2019 7:56am Jan 8, 2019 7:56am
Quoting engweijie
Reloaded on a fourth round of shorts (1 x Asia +42 pips , 1 successful London one +23 pips and the one earlier that got stopped out at -12 pips) when knkie’s spike came now let’s see if 1.1435 cracks this time since NY is about to kick into business. {image}
There we go.

Closed half of both shorts (1.14585 and 1.14518) at 1.14254 so +59 half pips cashed in. Rest of trades SL moved to 1.1437. I imagine that strong ass support should turn to good resistance now.
You hesitate, you masturbate.
  • #71,569
  • Jan 8, 2019 7:57am Jan 8, 2019 7:57am
Quoting Tslj.sg
New order @ market Sold 1.14660 SL: 1.14960( 30pips) TP : 1.14200( 46 pips)
Manually take profit 1.14260 +40pips

Sideline now....
ADR already 62.6 pips...
Wait to buy @ 1.14
tslj
  • #71,570
  • Jan 8, 2019 8:00am Jan 8, 2019 8:00am
Quoting hayder
{quote} agreed. but it still swings 5% long to 5% short... and usually the ones who are short term traders have narrower stop losses (which are seen by the bots as simple pending orders). So imagine if a whole load of retail traders have 30/1 margined positions opened "short" (as many are now) with a stop loss set at 1.1470 say... The "bots" will then look to move up to hit 1.1470 before going down below 1.14... as the "retail" traders had correctly predicted to be the direction earlier. Thus it gives you a nice little potential "edge" to keep an...
Nice post. Also to add, retail sentiment is not just about retailers. It's also a guage of what people commonly call "dumb money".

Many people don't known there is even a better aggregated order guage. This is not meant to tell you the direction, but to help you wait for better entries. Yesterday the percentage of sellers to buyers was high so it was obvious there may be a short squeeze.

So what do you do? If you are convinced about a short when sellers are much more than buyers the smart thing to do is to wait to sell at a higher price, and vice versa. See this below:
Attached Image (click to enlarge)
Click to Enlarge Name: PSX_20190108_145534.jpg Size: 124 KB
  • #71,571
  • Jan 8, 2019 8:04am Jan 8, 2019 8:04am
Quoting Mitiblotch
{quote} Nice post. Also to add, retail sentiment is not just about retailers. It's also a guage of what people commonly call "dumb money". Many people don't known there is even a better aggregated order guage. This is not meant to tell you the direction, but to ,are you have better entries. Yesterday the percentage of sellers to buyers was high so it was obvious there may be a short squeeze. So what do you do? If you are convinced about a short when sellers are much more than buyers the smart thing to do is to wait to sell at a higher price, and...
oh wow there is a warm up to winter sale!
in wondering about yourself, you forgot what you came here to be part of
  • #71,572
  • Jan 8, 2019 8:09am Jan 8, 2019 8:09am
yea. here's the link for fellow forumers.

https://fxssi.com/tools/current-ratio
  • #71,573
  • Jan 8, 2019 8:10am Jan 8, 2019 8:10am
Going long here, giving up on my short for now.
Entry 1.14268
Stop is 1.14229 TP 1.1469

EDIT: Stop moved to BE, I want no part of this if it going to retest.

Not going to be a hero here.

I love and hate my small stop losses.

Trend line support here. Lack of news makes me think this just won't get to my original short side target. I very well could be wrong and anything could and probably will happen.

Best to all. Trade responsibly.
Attached Image (click to enlarge)
Click to Enlarge Name: 01-08-19 Chart.JPG Size: 62 KB
  • #71,574
  • Jan 8, 2019 8:10am Jan 8, 2019 8:10am
Boys!!! Be careful this shit is going higher if I am not wrong
Don't believe me just watch!
  • #71,575
  • Jan 8, 2019 8:15am Jan 8, 2019 8:15am
Quoting asyurei3
Going long here, giving up on my short for now. Entry 1.14268 Stop is 1.14229 TP 1.1469 Not going to be a hero here. I love and hate my small stop losses. Trend line support here. Lack of news makes me think this just won't get to my original short side target. I very well could be wrong and anything could and probably will happen. Best to all. Trade responsibly. {image}
1.1420/1.1425 is pretty decent support so I wouldn’t call that a bad move. I’m still holding 50% of my shorts (I’m shooting for 1.1400) else I’d be in with you on this. Best of luck!
You hesitate, you masturbate.
  • #71,576
  • Jan 8, 2019 8:16am Jan 8, 2019 8:16am
Quoting LCForex
Boys!!! Be careful this shit is going higher if I am not wrong
Agreed. The long squeeze only slipped the pair by ~15 pips. Long at 1.1428 now, SL 1.1408.
Patience is key
  • #71,577
  • Jan 8, 2019 8:18am Jan 8, 2019 8:18am
Quoting asyurei3
Going long here, giving up on my short for now. Entry 1.14268 Stop is 1.14229 TP 1.1469 Not going to be a hero here. I love and hate my small stop losses. Trend line support here. Lack of news makes me think this just won't get to my original short side target. I very well could be wrong and anything could and probably will happen. Best to all. Trade responsibly. {image}
having small stops can be less risky if opening 2 positions 1 target at 1:1R or 1:2 that would be very small and let the second one run! So no net negetive pips if even SL of second is hit
  • #71,578
  • Jan 8, 2019 8:20am Jan 8, 2019 8:20am
Quoting engweijie
{quote} 1.1420/1.1425 is pretty decent support so I wouldn’t call that a bad move. I’m still holding 50% of my shorts (I’m shooting for 1.1400) else I’d be in with you on this. Best of luck!
Its actually pretty smart using BB and MACD on 5 min in a low volatile day. He is aiming for a 1:10+R trade which is really good if he gets it.
  • #71,579
  • Jan 8, 2019 8:26am Jan 8, 2019 8:26am
Quoting Abrar1299
{quote} Its actually pretty smart using BB and MACD on 5 min in a low volatile day. He is aiming for a 1:10+R trade which is really good if he gets it.
it's a conservative entry and realistic target given we've gone that high before in the last 2 days and overall the outlook is bullish. not a bad play at all if you ask me.
You hesitate, you masturbate.
  • #71,580
  • Jan 8, 2019 8:28am Jan 8, 2019 8:28am
I would have bought this support but I have bad memories of buying supports when EU isn't done with ADR. The previous 4hr candle was a strong, engulfing bear. Seems there is some power in this bear. Who knows what N.Y. wants.
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