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How to Beat the Market Makers at Their Own Game

  • #261
  • Jan 30, 2020 2:35am Jan 30, 2020 2:35am
Quoting ezcurrency
Newbie, GBPAUD H4 chart. Is this a good level to look for shorts? Regards, EZ {image}
I'm not the expert here , but it looks like a good level to me, will be interesting to hear Newbie's view
  • #262
  • Jan 30, 2020 8:14am Jan 30, 2020 8:14am
Quoting ezcurrency
Newbie, GBPAUD H4 chart. Is this a good level to look for shorts? Regards, EZ {image}
it is not a fresh supply zone anymore. it tested once can u see that.. so now look for the daily supply area .. price is in the zone already and let the price action to do its its job now
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  • #263
  • Jan 30, 2020 10:07am Jan 30, 2020 10:07am
Thanks for pointing that out (the first test and fail, so not valid anymore). I will watch the daily, but I not really comfortable buying AUD now. Its getting quite oversold, but with the Wuhan virus in China affecting China growth, that will likely spill over into AUD as well. It may keep falling till this virus is contained. Best to step aside and not buy AUD ... or at least wait for a rally in AUD against other pairs to short.

Regards,
EZ
  • #264
  • Jan 30, 2020 1:36pm Jan 30, 2020 1:36pm
Hi Newbie

Awesome trading.

I took this trade - GBPAUD short at resistance - do you have any comments - would you take a trade like this?

Thanks

PC
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Less is more...
  • #265
  • Jan 30, 2020 2:56pm Jan 30, 2020 2:56pm
Quoting pipcruiser
Hi Newbie Awesome trading. I took this trade - GBPAUD short at resistance - do you have any comments - would you take a trade like this? Thanks PC {image}
Keep the tight stop and it will hit your take profit .. but tomorrow there will be Brexit event . so watch out those GBP pairs . cheers !!!
  • #266
  • Jan 30, 2020 2:57pm Jan 30, 2020 2:57pm
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  • #267
  • Jan 30, 2020 3:13pm Jan 30, 2020 3:13pm
Quoting newbie2014
{quote} Keep the tight stop and it will hit your take profit .. but tomorrow there will be Brexit event . so watch out those GBP pairs . cheers !!!
Thanks buddy!

PC
Less is more...
  • #268
  • Jan 30, 2020 3:38pm Jan 30, 2020 3:38pm
Quoting pipcruiser
{quote} Thanks buddy! PC
you are welcome
  • #269
  • Jan 30, 2020 10:52pm Jan 30, 2020 10:52pm
I think the bottom in AUD may be possibly forming, and we may see a major turn up in AUD crosses from here. I'd appreciate you guys/gals input.

Take a look at FF Calendar (filter AUD), and look at fundamental news the past few months. Generally most releases beat expectations, yet AUD has been hammered. Next, take a look at these longer term charts, with approximate supply/demand zones drawn as horizontal red lines:

AUDCHF Weekly
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AUDJPY monthly (may fall more)
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AUDNZD weekly
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I started an AN long grid. Thinking may do ACHF also long.

EA, GA also look like good shorts (perhaps long term???)

What do you all think?

EZ
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  • #270
  • Edited 11:54pm Jan 30, 2020 11:44pm | Edited 11:54pm
Caveat ... A lot of the recent AUD weakness is due to the Coronavirus scare. Any slowdown in China affects AUD. It may be prudent for this to blow over. I've seen some of the forecast models for the virus spreading, and it may affect 1M people in a few weeks.

https://www.zerohedge.com/health/coronavirus-geometric-progression-suggests-100000-infections-week

Edit: another good article:


Market Implications
Mongolia (https://time.com/5772289/mongolia-china-border-closed-coronavirus/) and North Korea (https://www.aa.com.tr/en/asia-pacific/north-korea-closes-border-with-china-amid-mystery-virus/1710451) have already closed their border with China. Hong Kong is restricting its border. As cases continue to emerge in Japan and outside of Asia, calls will grow for the Chinese to engage in drastic action to stop its spread.
This potentially means Chinese businesses will halt, flights will stop (see the plunge in crude oil on oversupply worries (https://www.cnbc.com/2020/01/27/oil-tumbles-to-more-than-3-month-low-on-fears-coronavirus-will-slow-global-growth.html)) and the global supply chain will grind to a halt. This could have enormous economic consequences for global growth.

https://www.biancoresearch.com/coronavirus-growth-rates-and-market-reactions-2/

Sorry to clutter the thread with real world news which will affect the fundamentals ... but it is important to consider all of this in addition to the supply/demand zones and price action.

Regard,
EZ
  • #271
  • Feb 3, 2020 10:30pm Feb 3, 2020 10:30pm
AUDUSD quick Scalping on News
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  • #272
  • Feb 3, 2020 11:36pm Feb 3, 2020 11:36pm
Quoting ezcurrency
I think the bottom in AUD may be possibly forming, and we may see a major turn up in AUD crosses from here. I'd appreciate you guys/gals input. Take a look at FF Calendar (filter AUD), and look at fundamental news the past few months. Generally most releases beat expectations, yet AUD has been hammered. Next, take a look at these longer term charts, with approximate supply/demand zones drawn as horizontal red lines: AUDCHF Weekly {image} AUDJPY monthly (may fall more) {image} AUDNZD weekly {image} I started an AN long grid. Thinking may do ACHF...
AUD went up few pips due to today news.. we have to wait for the confirmation in london and neywork sessions
  • #273
  • Feb 4, 2020 10:08am Feb 4, 2020 10:08am
Quoting newbie2014
{quote} AUD went up few pips due to today news.. we have to wait for the confirmation in london and neywork sessions
I think its just a bounce, and AUD may at least retest lows before heading up. I don't think the world is out of the woods yet regarding the coronavirus.

AUDCHF in a downtrend ... is this a good place to look for shorts (once price action confirms)?

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  • #274
  • Feb 12, 2020 9:30am Feb 12, 2020 9:30am
First i want to apologies for not posting charts and results in here recently .. i was busy with my new project . when i can i will trade results . here is my today news trading .. now sell is activated . when u see whats coming trading become boring
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  • #275
  • Feb 12, 2020 6:28pm Feb 12, 2020 6:28pm
Quoting newbie2014
First i want to apologies for not posting charts and results in here recently .. i was busy with my new project . when i can i will trade results . here is my today news trading .. now sell is activated . when u see whats coming trading become boring {image}
Here we go .. Sell trade before and after
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  • #276
  • Feb 15, 2020 12:06pm Feb 15, 2020 12:06pm
Sam Seiden: Supply/Demand Basics
https://www.youtube.com/watch?v=uX6TUrTxD7U

Sam Seiden: Supply and Demand Trading with Mechanical Indicators and Oscillators in the Forex
https://www.youtube.com/watch?v=M1xysxdFf68

Sam Seiden: Odds Enhancers To Increase Your Odds
https://www.youtube.com/watch?v=_7DeDnpTnjI

Sam Seiden: One Day One Topic: ORDER FLOW - Trade What is Real, Not What You Feel
https://www.youtube.com/watch?v=Yt0vLMehgrM
  • #277
  • Feb 15, 2020 4:55pm Feb 15, 2020 4:55pm
My new template
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  • #278
  • Feb 15, 2020 5:40pm Feb 15, 2020 5:40pm
Quoting Forexholy
My new template {image}
I see some TRO indicators
Thx for the videos about SD, it's time to grasp some info about it.
  • #279
  • Feb 15, 2020 6:39pm Feb 15, 2020 6:39pm
https://www.youtube.com/watch?v=Pf1KqUkN35Q
  • #280
  • Feb 15, 2020 6:40pm Feb 15, 2020 6:40pm
https://www.youtube.com/watch?v=XpmBHYpA6Ms
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