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  • #347,381
  • Dec 16, 2010 12:08pm Dec 16, 2010 12:08pm
Quoting Martingale
no worries gator they are just selling some more tickets for the ride down the hill to the guys who lives uptown..
my lowest entry is 3262.. its all good. moment of truth
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those who can, do. those who cant, talk about those who can
  • #347,382
  • Dec 16, 2010 12:09pm Dec 16, 2010 12:09pm
not relevant. major players are ALWAYS buying into a downtrend.

Quoting aiyoyo
If you want china, here this one count?

news time: December 15, 2010 at 23:38 GMT
China Actively Buying EUR/USD Overnight

China was reportedly an active buyer of EUR/USD at regular intervals on the 1.32 handle during the London and NY sessions. Other Asian central banks were also spotted. The amounts are being described as “moderate”.

Just "moderate" amount
Nihil Sine Deo.
  • #347,383
  • Dec 16, 2010 12:09pm Dec 16, 2010 12:09pm
Quoting Geppy
any time-frame... although I'm biased to a min of 1H and preference of 4H+

Also, I heard somewhere that H&S are trend reversal formations which means they occur at tops or bottoms (for inverse H&S). I guess any peak, higher peak, lower peak formation is now a H&S? Man, I sure need to start trading these pattern thingys.
we got our hour now.
those who can, do. those who cant, talk about those who can
  • #347,384
  • Dec 16, 2010 12:11pm Dec 16, 2010 12:11pm
Looks like decision time.
4 hrs bearish engulfing candle looks like it ought to go down,
but the x-mas rally in the dow isn't helping the cause.
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You can remain irrational longer than you can remain solvent.
  • #347,385
  • Dec 16, 2010 12:11pm Dec 16, 2010 12:11pm
Quoting Mr Hatch
http://www.forexfactory.com/showthre...52#post4248552
look where we were then, and where we are now, schlauschiss.
I meant that, in futures for example, you can measure and use the volume as a tool. In intraday/spot trading, you can't read volume. It is all done by speculation.

I guess I don't trust some sources as they can easily manipulate the information how they want to in order to have it perceived a certain way.

I guess I don't get your point of 'then vs now'
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #347,386
  • Dec 16, 2010 12:12pm Dec 16, 2010 12:12pm
Quoting Scrat
not relevant. major players are ALWAYS buying into a downtrend.
I do not understand this. What for they buy into downtrend? What good for tanking the falling?
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #347,387
  • Dec 16, 2010 12:13pm Dec 16, 2010 12:13pm
Quoting gatorinla
we got our hour now.
Yeah? so it closed below your "neckline"?
check out my blog: forexmademillionaire dot com
  • #347,388
  • Dec 16, 2010 12:13pm Dec 16, 2010 12:13pm
Quoting Scrat
not relevant. major players are ALWAYS buying into a downtrend.
i don't think some realize for every sell there is a buy. no matter who it is.
those who can, do. those who cant, talk about those who can
  • #347,389
  • Dec 16, 2010 12:14pm Dec 16, 2010 12:14pm
Quoting gatorinla
my lowest entry is 3262.. its all good. moment of truth
Good luck Gator. You have been extremely consistent (even stubborn some may say) shorting these levels since last week but thats the way to trade in my books too: Consistency and taking without hesitation every setup in your trading plan.

I hope this time it will pay back. In my case, I will only join you with shorts after a clean break.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #347,390
  • Dec 16, 2010 12:14pm Dec 16, 2010 12:14pm
Quoting Geppy
Yeah? so it closed below your "neckline"?
not yet.. but to be honest... im based on 5 different methods atm..
those who can, do. those who cant, talk about those who can
  • #347,391
  • Dec 16, 2010 12:14pm Dec 16, 2010 12:14pm
Quoting Texaspips
I meant that, in futures for example, you can measure and use the volume as a tool. In intraday/spot trading, you can't read volume. It is all done by speculation.

I guess I don't trust some sources as they can easily manipulate the information how they want to in order to have it perceived a certain way.

I guess I don't get your point of 'then vs now'
i just falsified your statement that volume doesn't contain useful information.
the bounce you see now was announced by volume more than an hour ago.
  • #347,392
  • Dec 16, 2010 12:19pm Dec 16, 2010 12:19pm
Quoting Mr Hatch
i just falsified your statement that volume doesn't contain useful information.
the bounce you see now was announced by volume more than an hour ago.
no no, I meant that you CANNOT see the actual volume, what you are talking about, IMO isn't volume but activity that is measured differently, and that would be like an indicator ... lagging.

Okay, we were talking about two different things, if you don't look at currency futures, I would open up an account & check it out. It can help with this spot trading.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #347,393
  • Dec 16, 2010 12:19pm Dec 16, 2010 12:19pm
Quoting gatorinla
i don't think some realize for every sell there is a buy. no matter who it is.
I know there is buy for every sell. But I did not read the news china selling...maybe I miss it.
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #347,394
  • Dec 16, 2010 12:20pm Dec 16, 2010 12:20pm
Quoting T@rantula
3265 may be an upside trigger. Either we will have an upside momentum break leading to 3290 or a retest of 3185.

EU trapped in a range.
Well we are back in the range again
  • #347,395
  • Dec 16, 2010 12:20pm Dec 16, 2010 12:20pm
Okay, basically you can't measure volume as there is no central location to measure it.
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #347,396
  • Dec 16, 2010 12:23pm Dec 16, 2010 12:23pm
Quoting gatorinla
not yet.. but to be honest... im based on 5 different methods atm..
A bit of choppy PA is not enough to validate the bulls case. Right now everything I see, 4 confirming methods, supports the bears.
"Timing Is Everything. Really I Swear It Is"
  • #347,397
  • Dec 16, 2010 12:23pm Dec 16, 2010 12:23pm
Quoting aiyoyo
I do not understand this. What for they buy into downtrend? What good for tanking the falling?
demand, there's always demand. the supply is what moves the market. so when the price is dropping they buy and so they dry up the supply. then the price moves up in their favor. when the herd figures out what's going on, they start to buy as well. the smart money then sells into the herd buying and they flood the supply. the price then drops, the herd is holding the bags.

very simple actually.
  • #347,398
  • Dec 16, 2010 12:24pm Dec 16, 2010 12:24pm
Quoting TexasforEX
A bit of choppy PA is not enough to validate the bulls case. Right now everything I see, 4 confirming methods, supports the bears.
yeah, looks like these moves can be exaggerated by 50 pips.

I guess that is what happens when you play soccer with 1/2 the players. You have to run that extra 50 yards to get the ball back on your side!
In a world of Bulls & Bears ... I'm a Motha Fkn T-Rex
  • #347,399
  • Dec 16, 2010 12:26pm Dec 16, 2010 12:26pm
Quoting aiyoyo
I know there is buy for every sell. But I did not read the news china selling...maybe I miss it.
think about it..china buying is no different then the others selling. its all set up so some body in the media is told someone is buying. they even claim it is china or whoever.
hell if i was long in a red trade id say china and the moon was buying. who pays the media? the guys in the red trade.
those who can, do. those who cant, talk about those who can
  • #347,400
  • Dec 16, 2010 12:26pm Dec 16, 2010 12:26pm
Quoting Texaspips
Okay, basically you can't measure volume as there is no central location to measure it.
exactly.
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