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  • #114,481
  • Jun 24, 2009 2:48pm Jun 24, 2009 2:48pm
This may be the upturn that turns everything around.....
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  • #114,482
  • Jun 24, 2009 2:48pm Jun 24, 2009 2:48pm
got a ticket up for 1.4 retest
  • #114,483
  • Jun 24, 2009 2:48pm Jun 24, 2009 2:48pm
Been following this thread for a while now, just became a member
  • #114,484
  • Jun 24, 2009 2:48pm Jun 24, 2009 2:48pm
Just broken through a railroad crossing (trendlines cross). Looking good. Protect profits with trailing stops newbies.
  • #114,485
  • Jun 24, 2009 2:50pm Jun 24, 2009 2:50pm
Quoting TrooperCoope
Gonna try to get long around 1.3895 with SL 1.3883. TP A: 1.3950 and TP B: 1.4010.

chart
TP 1 hit, SL at break even.

@Atlast, those Pitchfork techniques work wonderfull. Thanks a lot for pointing me into that direction the other day!
  • #114,486
  • Jun 24, 2009 2:52pm Jun 24, 2009 2:52pm
Quoting Atlast
Just broken through a railroad crossing (trendlines cross). Looking good. Protect profits with trailing stops newbies.

I think I'll just take a ride on your train for a while!
  • #114,487
  • Jun 24, 2009 2:52pm Jun 24, 2009 2:52pm
Quoting Atlast
Be aware of it, how it works, then forget it. Just trade your chart and watch the candles and PA. The less in your head while you're trading the better.
P.S. if you want a strategy of how to capatalise on where people place their stops, there are simple ones and profitable. Contact me and I will point you in the right direction.
Point me in the right direction, Atlast....PM me. Allow me to turn my back on these manipulators whose only good point is that they assure volatility...LOL!!!!
  • #114,488
  • Jun 24, 2009 2:53pm Jun 24, 2009 2:53pm
Quoting FX-Petra
Retail traders do make money riding the backs of hedgefunds when they go on a stop hunt. Agian, I refer you to Darkstar's stop hunting thread, if it is still availble. The first thing you have to know is where the stops are. Thomson financial is a news service that gives some information on stop locations. Stop hunting is a very indepth topic that cannot be fully discussed in the confines of this thread.
To be more accurate the biggest bullies in this space are banks... there are very few hedge funds that can complete with the kind of capital the banks are using.

A bank trader a tier 1 bank can blow up any hedge fund position out there.

m
  • #114,489
  • Jun 24, 2009 2:54pm Jun 24, 2009 2:54pm
That's all for me today....I have slopped at the trough long enough. Covered all my weekly pip goals with a great day today (well, last 30 hours). I am taking Asian session off tonight and going to a movie... will take a fresh look tomorrow for NY session.
  • #114,490
  • Jun 24, 2009 2:57pm Jun 24, 2009 2:57pm
Quoting FX-Petra
That's all for me today....I have slopped at the trough long enough. Covered all my weekly pip goals with a great day today (well, last 30 hours). I am taking Asian session off tonight and going to a movie... will take a fresh look tomorrow for NY session.

Nice! Enjoy.
  • #114,491
  • Jun 24, 2009 2:57pm Jun 24, 2009 2:57pm
Quoting acumen
To be more accurate the biggest bullies in this space are banks... there are very few hedge funds that can complete with the kind of capital the banks are using.

A bank trader a tier 1 bank can blow up any hedge fund position out there.

m
Yes, retail banks also engage in stop hunts. A big bank can do one on its own. Hedgefunds usually act together (more than one).

How are you, Acumen? Aren't you in Germany for a while?
  • #114,492
  • Jun 24, 2009 2:58pm Jun 24, 2009 2:58pm
Quoting acumen
To be more accurate the biggest bullies in this space are banks... there are very few hedge funds that can complete with the kind of capital the banks are using.

A bank trader a tier 1 bank can blow up any hedge fund position out there.

m
Acumen, you speak as a person with knowledge in this area. So, I'd like to ask you a question about just HOW do the banks move the price so fast, so far. If this was the stock market, I'd surmise two "desks" collude, one buying what the other is selling or visa versa.....fast & furious to make sure the price moves before too much volume is required. Same in forex?
  • #114,493
  • Jun 24, 2009 2:58pm Jun 24, 2009 2:58pm
Quoting GainPips
Been following this thread for a while now, just became a member

Welcome!
Better safe than sorry
  • #114,494
  • Jun 24, 2009 3:00pm Jun 24, 2009 3:00pm
Quoting notch
I think I'll just take a ride on your train for a while!
Be careful where you enter. Price fell off exactly to the pip the line that is drawn in lower channel. It is now at a critical point. 1.3933. Just pull up a chart and use the pitchfork using the pivots I show in the chart. Then drill down to lower TF to see the PA. I am done for the day. The session will probably enter a prolonged low volatility period, which would be fine, but I've reached my daily target, double. Will just catch up with some of the comments from earlier on the forum.
  • #114,495
  • Jun 24, 2009 3:01pm Jun 24, 2009 3:01pm
Quoting FX-Petra
Yes, retail banks also engage in stop hunts. A big bank can do one on its own. Hedgefunds usually act together (more than one).

How are you, Acumen? Aren't you in Germany for a while?
I wish... just off the radar.

Enjoy the movie... I saw Hangover yesterday.

Funny as hell... if you like that style of humor.

m
  • #114,496
  • Jun 24, 2009 3:02pm Jun 24, 2009 3:02pm
Quoting Atlast
Be careful where you enter. Price fell off exactly to the pip the line that is drawn in lower channel. It is now at a critical point. 1.3933. Just pull up a chart and use the pitchfork using the pivots I show in the chart. Then drill down to lower TF to see the PA. I am done for the day. The session will probably enter a prolonged low volatility period, which would be fine, but I've reached my daily target, double. Will just catch up with some of the comments from earlier on the forum.

Okay. Thanks and have a nice evening/night.
  • #114,497
  • Jun 24, 2009 3:03pm Jun 24, 2009 3:03pm
Quoting acumen
I wish... just off the radar.

Enjoy the movie... I saw Hangover yesterday.

Funny as hell... if you like that style of humor.

m
Then Hangover it is!! Thanks for the review.
  • #114,498
  • Jun 24, 2009 3:03pm Jun 24, 2009 3:03pm
Quoting traderathome
Acumen, you speak as a person with knowledge in this area. So, I'd like to ask you a question about just HOW do the banks move the price so fast, so far. If this was the stock market, I'd surmise two "desks" collude, one buying what the other is selling or visa versa.....fast & furious to make sure the price moves before too much volume is required. Same in forex?
I'm not exactly sure.

Let me ask around and I'll get back to you.

Don't let me forget.

m
  • #114,499
  • Jun 24, 2009 3:05pm Jun 24, 2009 3:05pm
Quoting TrooperCoope
TP 1 hit, SL at break even.

@Atlast, those Pitchfork techniques work wonderfull. Thanks a lot for pointing me into that direction the other day!
Cool, glad to hear you're collecting the pips.
  • #114,500
  • Jun 24, 2009 3:08pm Jun 24, 2009 3:08pm
Quoting M.A.C.Doug
Im in short mode - no breakout this session, any attempt will probably be false and unlikely to make it higher than 1.4130. Euro is overbought and running into heavy resistance. Retrace down is more likely
How good was that!? like the bounce at my fibs after the move? - I got some pips out of that too. I love TA and the EURO - a winning combination
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