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The Swamp

  • #36,661
  • Jun 12, 2019 6:39am Jun 12, 2019 6:39am
Quoting pipcenturion
{quote} You can take profit at 1.13146 then re-sell at 1.1327
here
  • #36,662
  • Jun 12, 2019 6:40am Jun 12, 2019 6:40am
Quoting Boulder
{quote} testing 18 mins to go... update: bulls held its stop again...new hour to go..
I noticed the untested support and had to take the small profit and wait to re-sell later.
  • #36,663
  • Jun 12, 2019 6:40am Jun 12, 2019 6:40am
power nap till news..
those who can, do. those who cant, talk about those who can
  • #36,664
  • Jun 12, 2019 6:45am Jun 12, 2019 6:45am
Quoting pipcenturion
{quote} I noticed the untested support and had to take the small profit and wait to re-sell later.
that is what I did all morning..
  • #36,665
  • Jun 12, 2019 6:48am Jun 12, 2019 6:48am
Quoting pipcenturion
Here's a 5 - point harmonic pattern for EURNZD: Bearish crab {image}
there is a bearish engulfing (outside bar) on H4.

This can serve as your price action confirmation for the sell instead of just selling "blindly" at the 161.8% fibonacci expansion level.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4_PA_signal.png Size: 33 KB
  • #36,666
  • Jun 12, 2019 7:25am Jun 12, 2019 7:25am
Quoting pipcenturion
{quote} there is a bearish engulfing (outside bar) on H4. This can serve as your price action confirmation for the sell instead of just selling "blindly" at the 161.8% fibonacci expansion level. {image}
nothing blind about being near 200
those who can, do. those who cant, talk about those who can
  • #36,667
  • Jun 12, 2019 7:29am Jun 12, 2019 7:29am
heads up.. ...
those who can, do. those who cant, talk about those who can
  • #36,668
  • Jun 12, 2019 7:32am Jun 12, 2019 7:32am
pa getting below 1321 may turn bearish now. see if it slaps it down..
those who can, do. those who cant, talk about those who can
  • #36,669
  • Jun 12, 2019 7:34am Jun 12, 2019 7:34am
see how it settles now..
those who can, do. those who cant, talk about those who can
  • #36,670
  • Jun 12, 2019 7:44am Jun 12, 2019 7:44am
Quoting gatorinla
see how it settles now..
same numbers have been printed for now nearly 6-7 months, each time we have seen a small spike in price then to sharply fall... let's see if today is same or not... 1.1340-50 holding for now... January 11th is a good example of seeing a 30 pips spike then100 pip sharp fall
Cheers!!
  • #36,671
  • Jun 12, 2019 7:47am Jun 12, 2019 7:47am
Quoting gatorinla
pa getting below 1321 may turn bearish now. see if it slaps it down..
1323 may have been enough.. it just hit 1323
those who can, do. those who cant, talk about those who can
  • #36,672
  • Jun 12, 2019 7:51am Jun 12, 2019 7:51am
Quoting PipsMaster23
{quote} same numbers have been printed for now nearly 6-7 months, each time we have seen a small spike in price then to sharply fall... let's see if today is same or not... 1.1340-50 holding for now... January 11th is a good example of seeing a 30 pips spike then100 pip sharp fall
people are complicating something very simple. People are letting their "need to be right" affect their trading. Its near the 200.. sell it.. if wrong take the small loss...
rejection off the 200 is a trend.. a trend no different than eu dropping for the last 1.5 years. in fact that is 2 separate trends.
those who can, do. those who cant, talk about those who can
  • #36,673
  • Jun 12, 2019 7:52am Jun 12, 2019 7:52am
Quoting gatorinla
{quote} nothing blind about being near 200
moving averages aren't the best tools to help on get into a trade at the most optimal price level.

Reason: Average (or mean) is a measure of CENTRAL TENDENCY.

You need to use measures of DISPERSION to pick the optimal levels.

I don't use moving averages (my earlier trading days had me using Bollinger bands) but I have out grown that stage now.
  • #36,674
  • Jun 12, 2019 7:53am Jun 12, 2019 7:53am
Quoting Boulder
{quote} update for today: H1 uptrend stop is 1316 atm. Using time stop, there are 80% chance H1 will reverse to downtrend today
3rd testing this morning , 8 mins to go...
  • #36,675
  • Jun 12, 2019 7:54am Jun 12, 2019 7:54am
Quoting gatorinla
{quote} people are complicating something very simple. People are letting their "need to be right" affect their trading. Its near the 200.. sell it.. if wrong take the small loss... rejection off the 200 is a trend.. a trend no different than eu dropping for the last 1.5 years. in fact that is 2 separate trends.

Totally agree!
Cheers!!
  • #36,676
  • Jun 12, 2019 8:00am Jun 12, 2019 8:00am
Quoting Boulder
{quote} 3rd testing this morning , 8 mins to go...
HI has reversed to down trend with stop 1338.....
lets see it will test H4 uptrend stop soon.. 1298 atm
  • #36,677
  • Jun 12, 2019 8:09am Jun 12, 2019 8:09am
Quoting pipcenturion
{quote} moving averages aren't the best tools to help on get into a trade at the most optimal price level. Reason: Average (or mean) is a measure of CENTRAL TENDENCY. You need to use measures of DISPERSION to pick the optimal levels. I don't use moving averages (my earlier trading days had me using Bollinger bands) but I have out grown that stage now.
there is no magic bullet. Your method, is your method. If it makes u money great. All methods can leave you holding your ass in hand at times. Yours is no better than anyone else's. I have watched thousands come and go here. The one thing that kills their account is they refuse to adapt.
Trading is averages, averages are odds. There are no crystal balls here. Just snake oil salesman. I hope your method works great. I had this conversation with volume gurus for years. I sent one of the biggest ones in a post yesterday. The last I heard is he is back in retail sales.
your volume is distorted because their in no central gathering of volume. Your volume is local to your brokers feed. So its distorted. The 200 method allows your stop to be limited. Price is real. Numbers are real.
those who can, do. those who cant, talk about those who can
  • #36,678
  • Jun 12, 2019 8:18am Jun 12, 2019 8:18am
Quoting gatorinla
{quote} there is no magic bullet. Your method, is your method. If it makes u money great. All methods can leave you holding your ass in hand at times. Yours is no better than anyone else's. I have watched thousands come and go here. The one thing that kills their account is they refuse to adapt. Trading is averages, averages are odds. There are no crystal balls here. Just snake oil salesman. I hope your method works great. I had this conversation with volume gurus for years. I sent one of the biggest ones in a post yesterday. The last I heard is...
@gatorinla, nobody is battling for his strategy's supremacy. We have to learn to be tolerant of other people and their views.

Let every man use what works best for him.

Enjoy your day buddy!
  • #36,679
  • Jun 12, 2019 8:30am Jun 12, 2019 8:30am
lets see we can print 1300 under today... next to print 1307...

RU R2 ----------1.1346
FP R2 ----------1.1344
RU R1 ----------1.1336
FP R1 ----------1.1335
MP R3 ----------1.1330
FP PP ----------1.1321
RU S1 ----------1.1316
FP S1 ----------1.1307
RU S2 ----------1.1306
FP S2 ----------1.1298
RU S3 ----------1.1289
  • #36,680
  • Jun 12, 2019 8:38am Jun 12, 2019 8:38am
Quoting pipcenturion
{quote} @gatorinla, nobody is battling for his strategy's supremacy. We have to learn to be tolerant of other people and their views. Let every man use what works best for him. Enjoy your day buddy!
its math.. even a trendline is a moving average.. I trade a u.s. broker. my brokers feed contains U.S. trades made through a U.S. bank. It does not contain world volume. For instance trading a Chinese broker through a Chinese bank is different. Something may have happened their to lower or raise volume. It won't be shown on my feed as volume. It will be distorted. Only price will be shown. The shown price is the world average of the pairs value in real time. The volume in not included. high volume on my feed just shows me the volume is high on my broker or brokers bank.
those who can, do. those who cant, talk about those who can
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