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General Trading Chat / Ideas

  • #9,501
  • Sep 28, 2019 5:57pm Sep 28, 2019 5:57pm
I hope you all have good rest of your weekend
ex nihilo
  • #9,502
  • Sep 28, 2019 8:28pm Sep 28, 2019 8:28pm
EUR/USD weekly
last quarter eur$ lost over 430 pip...
...this 2 x weekly low app. at 1.0926,..seem to be important for me because if any buying power have to appear...it has to be in this area...
...bigger picture says that we will see lower prices
... 1.0850 seems to be a descending channel support...this channel plays good so far

daily....
..what i call support 1 at app. 1.0925-6 is at the same time 2 x weekly low...it could be important price to take some action...
..if we go trough this price on Monday...and close below on 1H or 4H basis...we will reach support 2 on 1.0905-6 ... or 1.0900...which plays two times as a daily support...
...next station could be a descending channel support at app. 1.0850

...1.0963-4-5.... monthly and weekly low...could play as a resistance....
...next significant resistance at app. 1.0995 - 1.1000..

where we will go? I think both sides..bulls and bears can make some money out of it...chart will tell where to enter the battlefield...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Capture daily.PNG Size: 65 KB
  • #9,503
  • Sep 29, 2019 12:19am Sep 29, 2019 12:19am
Quoting RickM
{quote} Hi ZenY I believe you can trade any pair without fear of losing pips if you just stick to trading within areas that contain Large Liquidity pools. I have alerts for 22 pairs and Gold. The only difference with majors is these pools of orders are larger so trends appear stronger. The reality is trends do not actually exist, just directional movement for the consumption of these orders. When this process is not occurring, it’s random action to encourage traders to open positions by setting the trap call resistance. Green Pips
Hey RickM, as you trade liquidity gaps, how do you set up alerts for when those occur?
  • #9,504
  • Sep 29, 2019 1:07am Sep 29, 2019 1:07am
Quoting Profitgrowth
{quote} Hey RickM, as you trade liquidity gaps, how do you set up alerts for when those occur?
Hi Profitgrowth

I trade Liquidity gaps ONLY when they lie in a area that's surrounded with orders contained within a Liquidity pool. That means near a resistance area or a new high or new low on any time frame you like.
My alert system is set up on another indicator which tells me the area is hot with orders, i then stalk the charts for Wide Ranging Candles.

Cheers
Trading thin liquidity at the boundary of the charts
  • #9,505
  • Sep 29, 2019 2:01am Sep 29, 2019 2:01am
Quoting digger1
My kids will have tht chance ,, daughter there now ,, sure as hell aint gonna be a free ride ,, she has a job to pay for some of her shit ,,,, yea it could all covered easy enough ,,, but tht dont teach her much about real life ,, will say she will probably have it easier than my son will ,,, she is my little girl lol,, son ,, he gonna do shit the hard way ,, he will learn ,, and he will take care of his sister if it ever came to tht ,, both will probably get fat and lazy when I take my last breath lol,, but if they blow it they will have the means...
I love your attitude! I'm a firm believer in tough love, it's worked for my kids. I've got a son who went down for 12 months doing naughty things with weed as a teenager who then worked with me for a few years in my business and was told it's my way or the highway, at 25 he now earns 250K a year with a major Australian company and is number 1 this year out of 2000 account managers. My youngest daughter used to call me from University in tears because it was all too hard, she got told that tears solve fuck all, just do it. She came out with an Honours Degree and is going back next February to do her Masters.

Far too many people these days fuck with these kids heads, you don't get a flag in real life for participation, it's called winning, that's where the flags are.
Ardua Ad Astra Per
  • #9,506
  • Sep 29, 2019 5:30am Sep 29, 2019 5:30am
Quoting RickM
{quote} Hi Profitgrowth I trade Liquidity gaps ONLY when they lie in a area that's surrounded with orders contained within a Liquidity pool. That means near a resistance area or a new high or new low on any time frame you like. My alert system is set up on another indicator which tells me the area is hot with orders, i then stalk the charts for Wide Ranging Candles. Cheers
hey RickM I am also intrested in gap trading but i am not able to find a broker with zero or fixed spreads.can you suggest me a broker suitable for gap trading with spread less than 6 pips?I will be grateful.
  • #9,507
  • Sep 29, 2019 7:20am Sep 29, 2019 7:20am
the opposite end of the spectrum my old dad stole from me and smashed up my stuff out of jealousy i keep my kids away from him
Turn your wounds into wisdom
  • #9,508
  • Sep 29, 2019 8:38am Sep 29, 2019 8:38am
Possible bullish scenario for AU thinking it might 6960 area and make head and shoulders
Attached Image (click to enlarge)
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ex nihilo
  • #9,509
  • Sep 29, 2019 8:39am Sep 29, 2019 8:39am
Good morning semi pros
ex nihilo
  • #9,510
  • Sep 29, 2019 9:10am Sep 29, 2019 9:10am
Quoting hamdibbb
{quote} hey RickM I am also intrested in gap trading but i am not able to find a broker with zero or fixed spreads.can you suggest me a broker suitable for gap trading with spread less than 6 pips?I will be grateful.
Hi Hamdibbb

I use IC Markets as they give Raw Spreads and quick Execution.
But the biggest factor on getting the lowest spreads is the time you are trading and I don't mean London or Asia session. Price moves from liquidity pool to Liquidity pool across areas on the chart that are barren of any real density. When price hits these dense pools, the real magic begins and order after order is being consumed at high rates. During this time, pairs like GBPNZD move from 1.8 pips plus down to 0.3 pips. EURUSD stays at 0.0 for quite a while and GBPUSD jumps around between 0.1 to 0.2. Many other pairs will be around 0.3 for short periods last from seconds to minutes.
This is what the broker doesn't tell you, they want you to buy positions after the fire sale has finished.

Now is when you should be trading if your trading plan allows it - maybe look for a trading plan that takes advantage of these cheap prices.
Trading thin liquidity at the boundary of the charts
  • #9,511
  • Sep 29, 2019 12:07pm Sep 29, 2019 12:07pm
NZDUSD at 88.6 monthly, last day of September looks to be doji. triangle on H4
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ex nihilo
  • #9,512
  • Sep 29, 2019 3:17pm Sep 29, 2019 3:17pm
the greatest game on earth is about to begin charts ready players ready
We are Sparta!
God speed now make some money
Turn your wounds into wisdom
  • #9,513
  • Sep 29, 2019 3:23pm Sep 29, 2019 3:23pm
Quoting Bk55
the greatest game on earth is about to begin charts ready players ready We are Sparta! God speed now make some money
Lets dominate
ex nihilo
  • #9,514
  • Sep 29, 2019 3:24pm Sep 29, 2019 3:24pm
Quoting Oc6oph
{quote} Lets dominate
Turn your wounds into wisdom
  • #9,515
  • Sep 29, 2019 3:29pm Sep 29, 2019 3:29pm
Quoting Bk55
{quote}
Do you have any trade plans
ex nihilo
  • #9,516
  • Sep 29, 2019 3:36pm Sep 29, 2019 3:36pm
Quoting Oc6oph
{quote} Do you have any trade plans
just watching a few pairs for now bud
Turn your wounds into wisdom
  • #9,517
  • Sep 29, 2019 3:42pm Sep 29, 2019 3:42pm
Quoting Bk55
{quote} just watching a few pairs for now bud
I’m watching AU NU and USDJPY maybe cup pattern on USDJPY or inverted head and shoulder forming on daily chart
ex nihilo
  • #9,518
  • Sep 29, 2019 3:43pm Sep 29, 2019 3:43pm
USDJPY
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ex nihilo
  • #9,519
  • Sep 29, 2019 3:45pm Sep 29, 2019 3:45pm
watching silver and gold
silver first lower low h4 under the monthly where as gold rejected monthly i dont think i will range trade gold this weak will sit on my hands and wait for direction
Turn your wounds into wisdom
  • #9,520
  • Sep 29, 2019 3:46pm Sep 29, 2019 3:46pm
Quoting Oc6oph
USDJPY {image}
what way do you see it going ?
Turn your wounds into wisdom
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