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  • #47,241
  • Nov 26, 2008 2:38pm Nov 26, 2008 2:38pm
Man, this is slower than the Asian "watching the paint dry" market!
  • #47,242
  • Nov 26, 2008 2:41pm Nov 26, 2008 2:41pm
Quoting TradeWell
Man, this is slower than the Asian "watching the paint dry" market!
id stick around if i was you...i think asian session is where alot of magic will happen today
Different opinions highly valued, ignorant to slander.
  • #47,243
  • Nov 26, 2008 2:42pm Nov 26, 2008 2:42pm
Quoting TradeWell
Man, this is slower than the Asian "watching the paint dry" market!
Hell, we've just been spoiled by these past many weeks of incredible average trading range! What are we going to do when it returns to +/- 190 pips per day, or worse.......goes into cardiac arrest and only produces +/- 89 pips per day while undergoing withdrawal....., huh?
  • #47,244
  • Nov 26, 2008 2:47pm Nov 26, 2008 2:47pm
Quoting traderathome
Hell, we've just been spoiled by these past many weeks of incredible average trading range! What are we going to do when it returns to +/- 190 pips per day, or worse.......goes into cardiac arrest and only produces +/- 89 pips per day while undergoing withdrawal....., huh?
Bigger lots size and more forum posts
  • #47,245
  • Nov 26, 2008 2:50pm Nov 26, 2008 2:50pm
Quoting Dansnali
Bigger lots size and more forum posts
Ha! Good one!
  • #47,246
  • Nov 26, 2008 2:59pm Nov 26, 2008 2:59pm
Finally... 2 nice pin bars on the 20m with their toes pointing up.

Die Yoorow Die!!

And a chart for Doblece...

Seriously tho, this is why I like the 20m over the 15m when you have the option.. I looked at the 15m and had no idea what that meant.
Attached Images
FUBAR...
  • #47,247
  • Nov 26, 2008 3:01pm Nov 26, 2008 3:01pm
Quoting Dansnali
Bigger lots size and more forum posts
then one day....BAM!
Newbie loses 1000pips to unknown flux..
  • #47,248
  • Nov 26, 2008 3:09pm Nov 26, 2008 3:09pm
Quoting psiholog
id stick around if i was you...i think asian session is where alot of magic will happen today
Well I have nowhere else to go except my cave.
Attached Image
  • #47,249
  • Nov 26, 2008 3:09pm Nov 26, 2008 3:09pm
Quoting ak4x
Finally... 2 nice pin bars on the 20m with their toes pointing up.

Die Yoorow Die!!

And a chart for Doblece...

Seriously tho, this is why I like the 20m over the 15m when you have the option.. I looked at the 15m and had no idea what that meant.
so what is your analysis? are we looking for a retest of 2800?
  • #47,250
  • Nov 26, 2008 3:13pm Nov 26, 2008 3:13pm
here is a perfect example of the "common gap" that i have mentioned quite a bit lately. keep in mind this is ibfx i dont know if they are visible on other broker platforms. Note that each individual gap was filled at some point or another. If there is a gap and lets say pa moves up 30pips higher...most often pa will come back to fill those gaps. In the last few minutes notice there was a 3pip gap between candlesticks. that gap is guaranteed to be filled as all gaps higher then 1pip do end up getting filled.

Conclusion..given that all gaps from the low have been filled...there is room for more upside movement before this thing continues south as i think it will

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Different opinions highly valued, ignorant to slander.
  • #47,251
  • Nov 26, 2008 3:32pm Nov 26, 2008 3:32pm
Can someone check current USD INDEX and tell me?
I see 2 difference value with 2 brokers one shoot it up to 91,19 If that true then ..!!!
  • #47,252
  • Nov 26, 2008 3:33pm Nov 26, 2008 3:33pm
here is how i would play such gaps. note that since my last post all 5min candlesticks have had gaps in between them. So i know pa will go back up...how do i know when to enter the market?...when a strong support is reached. That support at the moment is 23.6% fib retracement from the high at 1.3080 to the current low. and yes i did put a buy here with a tight stop loss...take profit where all these gaps began...the 1.2900 level

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Different opinions highly valued, ignorant to slander.
  • #47,253
  • Edited 3:48pm Nov 26, 2008 3:42pm | Edited 3:48pm
Quoting psiholog
here is how i would play such gaps. note that since my last post all 5min candlesticks have had gaps in between them. So i know pa will go back up...how do i know when to enter the market?...when a strong support is reached. That support at the moment is 23.6% fib retracement from the high at 1.3080 to the current low. and yes i did put a buy here with a tight stop loss...take profit where all these gaps began...the 1.2900 level
Psi,
You've been staring at these charts way too long.
I know there are holes in any method, but just check this out.
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  • #47,254
  • Nov 26, 2008 3:48pm Nov 26, 2008 3:48pm
Quoting psiholog
here is a perfect example of the "common gap" that i have mentioned quite a bit lately. keep in mind this is ibfx i dont know if they are visible on other broker platforms. Note that each individual gap was filled at some point or another. If there is a gap and lets say pa moves up 30pips higher...most often pa will come back to fill those gaps. In the last few minutes notice there was a 3pip gap between candlesticks. that gap is guaranteed to be filled as all gaps higher then 1pip do end up getting filled.

Conclusion..given that all gaps from...
What broker started this gap crap? IMHO, we are just being encouraged to mini-scalp them........2 pips commission for the broker, out of 1-3 pips total for trades! And there must be HUNDREDS of these opportunities daily...!!!

(Yeah, right.)
  • #47,255
  • Nov 26, 2008 3:54pm Nov 26, 2008 3:54pm
Quoting dwildes
Psi,
You've been staring at these charts way too long.
I know there are holes in any method, but just check this out.
common gaps as investopedia says refers strictly to ranging markets. we are in a ranging market right now. what you portray there is the 25% when gaps do not get filled in which case those gaps become either support or resistance. that is called a "breakaway gap"...thank you ak4x for the correct terminology
Different opinions highly valued, ignorant to slander.
  • #47,256
  • Nov 26, 2008 3:57pm Nov 26, 2008 3:57pm
I lost today... grrrr My error was being confident in a position and moving the stop... NEVER MOVE THE STOPS !!!!! I still can't believe why I did it... I'm done of trying to see correlation between euro and dow or oils..
  • #47,257
  • Nov 26, 2008 3:58pm Nov 26, 2008 3:58pm
Quoting Epipany
so what is your analysis? are we looking for a retest of 2800?
Analysis would be too strong of a word at this point, as I'm only about 50% focused here and doing other stuff this pm.

That said, i don't have any reasons to believe we won't see 2840 (a fib level I'm currently using) at this point, and very likely 2800-20 as well. Keep in mind that this time of day is weird, and most of what i do is look for the momentum plays from earlier in the day to play out to conclusion and look for hints (only) of the next moves in asia w/o that actually turning into bias for the evening.

Then I try to clean the mental slate and wait for asia to actually send the signals. That for me (and I can't stress this enough) is what PA does or doesn't do at or near 5:00PM EST relative to the Central Pivot. That is a bias only and I'm not married to it, but I will usually trade it until the charts get into synch for the evening. If they don't then I trade very little except for scalping.

The only way that will work for anyone else is by sticking that CP on your screen and watching it day after day until you feel you got it or not. This is a thing I brought over from the yen crosses and I learned it from the yen master of all time... dove alliance.

It's a little more iffy imo on the yoorow but works well enough for me. That could also be cuz the eu has been so correlated to the ej for some time now, and gets it's leash pulled there first. This could also change soon even if it's true today.

So bottom line is all things need to be flexible and fluid... Us most of all.

I will say my last re-entries (after the first stop outs) from 2914 eu and 23.66 ej are doing wonderful atm...

Remember... for me 5pm EST can change everything.

Current 1hr chart below. Clues are all there.
Attached Image
FUBAR...
  • #47,258
  • Nov 26, 2008 4:01pm Nov 26, 2008 4:01pm
Quoting psiholog
common gaps as investopedia says refers strictly to ranging markets. we are in a ranging market right now. what you portray there is the 25% when gaps do not get filled in which case those gaps become either support or resistance. that is called a "breakaway gap"...thank you ak4x for the correct terminology
But if we are ranging, we will always bounce between the stronger levels of support/resistance. Wouldn't you be better served to trade off the support/resistance of the ranging market in that case?
  • #47,259
  • Nov 26, 2008 4:05pm Nov 26, 2008 4:05pm
Quoting dwildes
But if we are ranging, we will always bounce between the stronger levels of support/resistance. Wouldn't you be better served to trade off the support/resistance of the ranging market in that case?
you are entirely correct. this "gap" thing coincides with a strong support as i explained...draw a horizontal line over 1.2880 (which is also currently 23.6% retracement). note that for the past 24-48 hours it was a pivotal point of support/resistance. strong resistance until it was broken...it should be strong support now....stop loss is always there in case i am wrong...something that happens all the time
Different opinions highly valued, ignorant to slander.
  • #47,260
  • Nov 26, 2008 4:13pm Nov 26, 2008 4:13pm
Quoting psiholog
you are entirely correct. this "gap" thing coincides with a strong support as i explained...draw a horizontal line over 1.2880 (which is also currently 23.6% retracement). note that for the past 24-48 hours it was a pivotal point of support/resistance. strong resistance until it was broken...it should be strong support now....stop loss is always there in case i am wrong...something that happens all the time
I suppose my feeble mind can't seem to grasp the relevance of these gaps.

If it gives you an edge though - go for it! But it just seems you may be making something out of nothing, or you could have found something that helps you. Hopefully it's the latter.

Have a good one!
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