DislikedH & S on 15 min USD/CHF - Inverted H & S on EUR/USD
If they play out could go up few hundred pips from neckline break.Ignored
- #54,342
- Jan 6, 2009 2:14pm Jan 6, 2009 2:14pm
- Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts
crazy action.
seems like a bunch of auto trading software gone haywire.
Or then it's just big players opening/closing their huge positions at random moments.
edit: Also one thing to note on market at this moment is that all the people who have opened their positions during last 2 days have probably their stops between 2 day high and todays low. These play a big part in movement today [and even bigger with sr levels].
- #54,343
- Jan 6, 2009 2:22pm Jan 6, 2009 2:22pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
That's not "mad". Check out some of my back posts to unrepentant offenders for that...
I resize my charts before posting when neccessary but I usually snip only the part i want to post first, instead of the whole thing. There are several ways to do that, but my graphics editing software does it for me so that won't help you. Perhaps someone more familiar with the print screen thingy can advise you.
Anybody??
Iced earth, please shrink your charts so they don't blow up the thread. To those of you quoting him, please delete the chart portion before posting his oversize charts so THEY don't blow up the thread as well.
The only solution for that if you keep doing it is to stick you on the Ignore list so what I see goes back to normal size... not the best solution to an easily fixable problem.
Too much stress
Hey just kidding! Don’t get mad sweetie
- #54,347
- Jan 6, 2009 3:00pm Jan 6, 2009 3:00pm
- Joined Apr 2006 | Status: Trader | 2,429 Posts
So you are calling 30 pips in 2 hours fly? Holy sh*t your definition of fly is different from mine.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #54,351
- Jan 6, 2009 3:21pm Jan 6, 2009 3:21pm
- Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts
I was talking about fundamentals so here is a comic presentation of what I think about the US situation
edit: and some real stuff, level 2 is the "order book" for forex, on some interbank brokers like IB that I use you can see the order book that contains the nearest orders. When they are spread apart, that usually means that price is jumpy. That doesn't happen very often though but it's really good to see when there is low liquidity if you are anticipating moves. Also you can directly see the quote size on some level, that helps near s/r levels. And you can see how fast the market goes through some of really big levels, if it stops and stalls the market is different than when it just goes on even though there are huge orders (in range of 20mil+ on some certain price point) sitting there
http://www.investopedia.com/articles...vel2Quotes.asp
edit: and some real stuff, level 2 is the "order book" for forex, on some interbank brokers like IB that I use you can see the order book that contains the nearest orders. When they are spread apart, that usually means that price is jumpy. That doesn't happen very often though but it's really good to see when there is low liquidity if you are anticipating moves. Also you can directly see the quote size on some level, that helps near s/r levels. And you can see how fast the market goes through some of really big levels, if it stops and stalls the market is different than when it just goes on even though there are huge orders (in range of 20mil+ on some certain price point) sitting there
http://www.investopedia.com/articles...vel2Quotes.asp
- #54,353
- Jan 6, 2009 3:24pm Jan 6, 2009 3:24pm
- | Joined Dec 2008 | Status: Bear trapper/Bull rider | 474 Posts
I was talking about fundamentals so here is a comic presentation of what I think about the US situation
http://www.forexfactory.com/images/icons/icon10.gif
- #54,357
- Jan 6, 2009 3:32pm Jan 6, 2009 3:32pm
Here is an example pic from IB forex order book from their "idealpro" exchange that has multiple interbank connections - there is no central forex marketplace so there is no central order book either.
Note the example, now if a really big player would do 30 mil order, then upside it wouldn't move price much but if the order would be short, the price would jump more because there is not that much liquidity to the downside.
WOW , you know how to blow up the blog , pls keep it small
- #54,358
- Jan 6, 2009 3:37pm Jan 6, 2009 3:37pm
- Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts
Here is an example pic from IB forex order book from their "idealpro" exchange that has multiple interbank connections - there is no central forex marketplace so there is no central order book either.
Note the example, now if a really big player would do 30 mil order, then upside it wouldn't move price much but if the order would be short, the price would jump more because there is not that much liquidity to the downside.
edit: okay added it back here. I just get annoyed far too fast..
Note the example, now if a really big player would do 30 mil order, then upside it wouldn't move price much but if the order would be short, the price would jump more because there is not that much liquidity to the downside.
edit: okay added it back here. I just get annoyed far too fast..
- #54,359
- Jan 6, 2009 3:37pm Jan 6, 2009 3:37pm
- Joined Jan 2008 | Status: Inertial Member | 2,297 Posts
1.3570 looks like a good place to short again with upside risk towards 1.3640.
I'd like to wait for it go get cheaper to short.
I'd like to wait for it go get cheaper to short.