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  • #1,189,921
  • Edited 9:28am Jan 27, 2021 9:18am | Edited 9:28am
Quoting Leesi
The real agressive way of stealing position by algo.. From Weak bulls...
Your saying they sell positions to drop price so they can knock out weak bulls?

What do they gain from doing so who is doing it?
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  • #1,189,922
  • Jan 27, 2021 9:42am Jan 27, 2021 9:42am
Quoting lefronce
{quote} its simple rectangle. i draw possible support.
Worked very well.
Looking for profitable short term trades ...|
  • #1,189,923
  • Jan 27, 2021 9:55am Jan 27, 2021 9:55am
Quoting mistaouting
{quote} Your saying they sell positions to drop price so they can knock out weak bulls? What do they gain from doing so who is doing it?
Just imagine If you are keeping an account with 1000 dollar and keeping 2 lot with 50% margin at say 2100.A shark having millions in account push the price lower, what will happen to your position if if hit 2059?
That is the simple maths!
  • #1,189,924
  • Jan 27, 2021 10:09am Jan 27, 2021 10:09am
yes it completed. later i will show you next trade .
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  • #1,189,925
  • Edited 10:29am Jan 27, 2021 10:18am | Edited 10:29am
Quoting Leesi
{quote} Just imagine If you are keeping an account with 1000 dollar and keeping 2 lot with 50% margin at say 2100.A shark having millions in account push the price lower, what will happen to your position if if hit 2059? That is the simple maths!
But why would someone do that?

That person being stopped out doesn't benefit that person with the larger account by stopping them out.

"A shark" will sell an ass load of its position to push price down just to knock out stops below it and that would benefit the "shark" how? Plus its devaluing the remaining position the "shark" didn't sell?

Here is some math consider...big shark has butt load of position at 1.2100....it sells half of that butt load positions to push price down to 1.2000 to knock out baby sharks to gain what?....in addition to what it seems like a no gain for big shark...they also have the remaining butt load of their position they just devalued 100pips for nothing other than to knock out stops?

EDIT: I would bet what happen earlier was a matter of profit taking and risk reduction based on news from EU and upcoming Fed meeting which probably has less effect and was probably priced in already....serious doubt it was a shark with intention of dropping price to only knock out stops
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  • #1,189,926
  • Jan 27, 2021 10:32am Jan 27, 2021 10:32am
Quoting mistaouting
{quote} But why would someone do that? That person being stopped out doesn't benefit that person with the larger account by stopping them out. "A shark" will sell an ass load of its position to push price down just to knock out stops below it and that would benefit the "shark" how? Plus its devaluing the remaining position the "shark" didn't sell? Here is some math consider...big shark has butt load of position at 1.2100....it sells half of that butt load positions to push price down to 1.2000 to knock out baby sharks...
Dear algo game is totally different from what u know..
Micro lots are used to trigger stop loss and massive circular trade happens. I prefer not to discuss that manipulation much in an open forum..
You sit and start to think, how you can steal my position if you are a sharq and how u can gain from it.. Then you will know many things which u never learned or never try to think about..
This market is somewhat like, our eyes are folded and others can see ur move..
So keep all ur trade like how u are fighting with an invisible enemy..
In simple words, take your profit when u see it..!
  • #1,189,927
  • Jan 27, 2021 10:33am Jan 27, 2021 10:33am
Crazy volatility today. I was talking to Leesi here and took off my short to go for a nap and came back to find out that EU droped to 2058 while I was gone. Pissed off that I didn't took more money and managed to buy at 2072 lucky it retraced up here on 2100 now on break even. Buckle up for later, it can reach 2170 again.
Looking for profitable short term trades ...|
  • #1,189,928
  • Jan 27, 2021 10:51am Jan 27, 2021 10:51am
Quoting Leesi
{quote} Dear algo game is totally different from what u know.. Micro lots are used to trigger stop loss and massive circular trade happens. I prefer not to discuss that manipulation much in an open forum.. You sit and start to think, how you can steal my position if you are a sharq and how u can gain from it.. Then you will know many things which u never learned or never try to think about.. This market is somewhat like, our eyes are folded and others can see ur move.. So keep all ur trade like how u are fighting with an invisible enemy.. In simple...
Makes no sense...that a "shark" would devalue its position to knock out traders stop losses... that would devalue their own position. What makes sense is knowing when and where buyer and sellers will come to market....aka support and resistance aka demand and supply....also knowing how news can cause those buyers and sellers to act.

Most traders here buy and sell in areas that are not fit to support their risk reward...understanding technical and fundamentals will help alleviate that mindset that someone (shark) is stop hunting. Come down to 3 things.

analysis was wrong
entry bad
stop loss to tight

takes patience to get optimal entry...FOMO is a real thing also

some of the reason that most get ate by sharks....but they just happen to be in the way...no one is going back for them

IMHO

Edit: matter of an imbalance of buyers and sellers at certain levels and or for certain reasons
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  • #1,189,929
  • Jan 27, 2021 11:19am Jan 27, 2021 11:19am
Quoting mistaouting
{quote} Makes no sense...that a "shark" would devalue its position to knock out traders stop losses... that would devalue their own position. What makes sense is knowing when and where buyer and sellers will come to market....aka support and resistance aka demand and supply....also knowing how news can cause those buyers and sellers to act. Most traders here buy and sell in areas that are not fit to support their risk reward...understanding technical and fundamentals will help alleviate that mindset that someone (shark) is stop hunting. Come down...
I dont want to argue.. Just follow what u learned!
If fundementals works well,so easy to make money.
It is a combination of three fundemental, TA, and Sentiments.
What i discussed you will get to know only if you have the tools to do it.. That tool is with the big sharks.. They know from a level if a drop comes, what will be reaction of retailers..
They know how to slap the retailers and steal their position.
You can call it in other way too.. Demand and supply etc.. Etc...
But there are lot of other ways to stop out those traders with sudden moves.. They even know ur stop loss too.
Just look around u.. U will realise what i am talking about..
Still u couldnt spot it, just ignore my thoughts!
  • #1,189,930
  • Jan 27, 2021 11:26am Jan 27, 2021 11:26am
Quoting Js3mwtRc
Crazy volatility today. I was talking to Leesi here and took off my short to go for a nap and came back to find out that EU droped to 2058 while I was gone. Pissed off that I didn't took more money and managed to buy at 2072 lucky it retraced up here on 2100 now on break even. Buckle up for later, it can reach 2170 again.
I feeled my greed, I am out and enough for today +30 more pips!

I like to look beyond FOMC and what Powell will say, bored with that all week reading reviews that may have priced in already. I'd like to hear what do you think about US GDP tomorrow!
Looking for profitable short term trades ...|
  • #1,189,931
  • Jan 27, 2021 11:38am Jan 27, 2021 11:38am
here eurusd next possible move
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  • #1,189,932
  • Jan 27, 2021 11:39am Jan 27, 2021 11:39am
Another EUR/USD turning point on 1H chart which will occur on 2021.01.27
EST in 15 min time frame included
Attached Image (click to enlarge)
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  • #1,189,933
  • Jan 27, 2021 11:43am Jan 27, 2021 11:43am
Quoting Leesi
{quote} I dont want to argue.. Just follow what u learned! If fundementals works well,so easy to make money. It is a combination of three fundemental, TA, and Sentiments. What i discussed you will get to know only if you have the tools to do it.. That tool is with the big sharks.. They know from a level if a drop comes, what will be reaction of retailers.. They know how to slap the retailers and steal their position. You can call it in other way too.. Demand and supply etc.. Etc... But there are lot of other ways to stop out those traders with sudden...
Its not a argument for me lol...no emotion involved for me to feel that way. I apologize for making you feel that way.

Lack of understanding gives way to BS explanations sometimes....like someone saying a ghost made something fall off the table because they had no other way to describe it. Or saying the earth is flat because no one falls off....lack of understanding.

Learn Support and Resistance, learn how fundamentals move the market, use tools likes MAs, ATRs, Fibs, BBands, ect.

But don't blame sharks for bad entries and exits....

Sharks (whoever whatever that is) goals are to make money and protect money. Stop hunting fulfills neither...your stops just get in the way.

Again, apologies for making you feel like it was argument. Thought it was a very civil discourse; dont get that much these days when people have opposing views. Still some civility in the world; good luck to you!
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  • #1,189,934
  • Jan 27, 2021 11:48am Jan 27, 2021 11:48am
Quoting mistaouting
{quote} Its not a argument for me lol...no emotion involved for me to feel that way. I apologize for making you feel that way. Lack of understanding gives way to BS explanations sometimes....like someone saying a ghost made something fall off the table because they had no other way to describe it. Or saying the earth is flat because no one falls off....lack of understanding. Learn Support and Resistance, learn how fundamentals move the market, use tools likes MAs, ATRs, Fibs, BBands, ect. But don't blame sharks for bad entries and exits.... Sharks...
Hope you are not a shark..!
Just kidding...
I never bother to read long stories in other threads.. I know why they writing so long to convince.. Lol..
But i really like your explanations.
Chill dear!
  • #1,189,935
  • Jan 27, 2021 11:50am Jan 27, 2021 11:50am
Quoting Leesi
{quote} Hope you are not a shark..! Just kidding... I never bother to read long stories in other threads.. I know why they writing so long to convince.. Lol.. But i really like your explanations. Chill dear!
Reading is FUNdaMENTAL!

EDIT: that's funny, its matches your trading style

edit: meaning your in and out pretty quick..guess your running from that shark
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  • #1,189,936
  • Jan 27, 2021 12:07pm Jan 27, 2021 12:07pm
IMHO if feds sound like rates are not going anywhere for the next year or more euro may start move back up. If feds hint that rates could possibly change in the next year or so USD may get a quick bid and eurousd may break this support for the week
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  • #1,189,937
  • Jan 27, 2021 12:09pm Jan 27, 2021 12:09pm
EUR/USD turning point on Daily chart which occurred most probably on 27th (Today)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily_2021.01.27.PNG Size: 37 KB
  • #1,189,938
  • Jan 27, 2021 12:18pm Jan 27, 2021 12:18pm
A bullish move, because fed is dovish looks to me very easy to predict, we would all make money! That makes me think like a bear, or a traped one. I have an order at 2122 with very small risk (10 pips) which I don't advice to anyone just for some gamble!
Looking for profitable short term trades ...|
  • #1,189,939
  • Jan 27, 2021 12:56pm Jan 27, 2021 12:56pm
Quoting mistaouting
IMHO if feds sound like rates are not going anywhere for the next year or more euro may start move back up. If feds hint that rates could possibly change in the next year or so USD may get a quick bid and eurousd may break this support for the week
not the statement or the rate I'm waiting on but the conference. hope it get a buy at support
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  • #1,189,940
  • Jan 27, 2021 1:11pm Jan 27, 2021 1:11pm
Shorted now at 1.2114

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