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  • #416,561
  • Mar 31, 2011 3:26pm Mar 31, 2011 3:26pm
Quoting Faller
Thanks....

Should point out these calls don't always
work but if you know what to look for you
can make some quick cash on a couple
of s&p cars.
You can remain irrational longer than you can remain solvent.
  • #416,562
  • Mar 31, 2011 3:28pm Mar 31, 2011 3:28pm
Quoting pipper
Thanks Venice. thanks for the tip. Will do mate
Yup. Ascending (bullish) triangle as an example... for those that don't see them, they really get hurt.

What you have is a rising lower trend line, with a solid straight across resistance line. The herd sees this resistance as no way of breaking through and begins selling here.

What you come to find out, is that the selling (supply) is less and less and thus, unable to push price down as far as the last go around. This is where the rising lower trend line comes from. Eventually, the supply runs out at the resistance point and BOOM, we now have a lot of people who are upside down at this point, but more importantly, have there stops set right above the resistance level.

As the level pops, stops are getting hit, probably some margin calls in there as well. Fueling the fire for it to go even higher and higher. Then take profit and more selling happens. Price comes back down, but we now have a resistance turned support area (BEST AREA FOR LOW R/R RATIO). Buy here and make the sellers squirm once again. The retest can happen from the same candle that broke out to several candles later, so always keep that in mind.

All about supply and demand baby, and interpreting it correctly. Always pay attention to what the charts are saying about supply and demand. It's all there, always on the charts. We just suck at reading.

go getum!
  • #416,563
  • Mar 31, 2011 3:28pm Mar 31, 2011 3:28pm
Quoting jezek5
$508 million sell imbalance at close of stock market
got things moving a bit.
Later he updated: "sorry MOC was 1.8bil to SELL"

Note: every day there is a an imbalance to buy or to sell. Though end of month/quarter is usually much larger than typical.
  • #416,564
  • Mar 31, 2011 3:31pm Mar 31, 2011 3:31pm
Quoting SunTrader
Later he updated: "sorry MOC was 1.8bil to SELL"

Note: every day there is a an imbalance to buy or to sell. Though end of month/quarter is usually much larger than typical.
Yeah, not sure what the value was behind this.

The markets would not be very fun at all if supply and demand were balanced.
  • #416,565
  • Mar 31, 2011 3:32pm Mar 31, 2011 3:32pm
Quoting SunTrader
Later he updated: "sorry MOC was 1.8bil to SELL"

Note: every day there is a an imbalance to buy or to sell. Though end of month/quarter is usually much larger than typical.
It was a good one this time.
Made up for a dead afternoon.
You can remain irrational longer than you can remain solvent.
  • #416,566
  • Mar 31, 2011 3:32pm Mar 31, 2011 3:32pm
where dose it come from? bull for $? is this risk aversion?
  • #416,567
  • Mar 31, 2011 3:33pm Mar 31, 2011 3:33pm
Quoting Venice
Yeah, not sure what the value was behind this.

The markets would not be very fun at all if supply and demand were balanced.
Not really any value to forex but big with stocks and stock futures.
  • #416,568
  • Mar 31, 2011 3:37pm Mar 31, 2011 3:37pm
i dont mean to sound narcissistic, but....

Quoting attila
the name of the game is down today. i have too many sell signals and most of the charts are or are turning bearish.
  • #416,569
  • Mar 31, 2011 3:37pm Mar 31, 2011 3:37pm
Quoting Venice
Yup. Ascending (bullish) triangle as an example... for those that don't see them, they really get hurt.

What you have is a rising lower trend line, with a solid straight across resistance line. The herd sees this resistance as no way of breaking through and begins selling here.

What you come to find out, is that the selling (supply) is less and less and thus, unable to push price down as far as the last go around. This is where the rising lower trend line comes from. Eventually, the supply runs out at the resistance point and BOOM, we now...
Very good clear explanation, well done, Raz
Never say never.
  • #416,570
  • Mar 31, 2011 3:38pm Mar 31, 2011 3:38pm
Quoting attila
i dont mean to sound narcissistic, but....
http://www.anthonyroberts.info/wp-co...Team_small.gif
  • #416,571
  • Mar 31, 2011 3:44pm Mar 31, 2011 3:44pm
that it wasn't that stupid. only bold

you guys can't say that i didn't warn you LOL

(20th straight win! after 3 years seems like i am getting there...)

green pips

Quoting wannaberich
i know it's kind of bold (or stupid, take your pick) to say this but we have just turned down.

green pips
dreams do come true.
  • #416,572
  • Mar 31, 2011 3:46pm Mar 31, 2011 3:46pm
Quoting wannaberich
that it wasn't that stupid. only bold

you guys can't say that i didn't warn you LOL

(20th straight win! after 3 years seems like i am getting there...)

green pips
Way to go WBR.

I also have a pretty solid streak running. 16 wins, 1 loss, 19 wins, 1 loss, then I dropped the ball and had another loss after a win (GASP, I almost had two back to back losses). LOL.... starting off again with a shebang. I want a 20 streak this time
  • #416,573
  • Mar 31, 2011 3:49pm Mar 31, 2011 3:49pm
for some swing trader lovers !!

E/U might heads for 1.3000 !

5 wave ended with double top- ABC correction to daily flag @ 1.3000
Attached Image (click to enlarge)
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  • #416,574
  • Mar 31, 2011 3:51pm Mar 31, 2011 3:51pm
Cheers Mate... Much appreciated

Quoting Venice
Yup. Ascending (bullish) triangle as an example... for those that don't see them, they really get hurt.

What you have is a rising lower trend line, with a solid straight across resistance line. The herd sees this resistance as no way of breaking through and begins selling here.

What you come to find out, is that the selling (supply) is less and less and thus, unable to push price down as far as the last go around. This is where the rising lower trend line comes from. Eventually, the supply runs out at the resistance point and BOOM, we now have...
Disclaimer: Check your 1m charts
  • #416,575
  • Mar 31, 2011 3:56pm Mar 31, 2011 3:56pm
kind of worried with one sell i had stuck at 4177. at the time i entered it wasn't but that level turned out to be the lower edge of a 5m cluster and i saw the thing ugly.

but this one i just called... very good. waited for hours for that entry. we had a small gap at 1.42048 on the 1m and my last bull target was there it. they bboth got filled and the bears were free to take over.

well, you've seen the rest

we still have a gap open at 1.4026 (2 different data feed, gap made on full volume, no "sunday, diferent broker, diferent open time" kind of gap).

i expect us to pullback from this move down at 1.4143 (but i'll probably be sleeping)

green pips V

Quoting Venice
Way to go WBR.

I also have a pretty solid streak running. 16 wins, 1 loss, 19 wins, 1 loss, then I dropped the ball and had another loss after a win (GASP, I almost had two back to back losses). LOL.... starting off again with a shebang. I want a 20 streak this time
dreams do come true.
  • #416,576
  • Mar 31, 2011 5:01pm Mar 31, 2011 5:01pm
is it just me or is this thread dying?
  • #416,577
  • Mar 31, 2011 5:06pm Mar 31, 2011 5:06pm
I think you're right. Even on weekends the traffic here is more..
  • #416,578
  • Mar 31, 2011 5:10pm Mar 31, 2011 5:10pm
Quoting Liquor_Slit
for some swing trader lovers !!

E/U might heads for 1.3000 !

5 wave ended with double top- ABC correction to daily flag @ 1.3000
how did you get by with that name for so long? lolllllllllllll
  • #416,579
  • Mar 31, 2011 5:11pm Mar 31, 2011 5:11pm
Quoting detailas
I think you're right. Even on weekends the traffic here is more..

Hey Guys,
new to forum though i've been reading thread regularly and have learnt a lot lately.

recently laid off and trying to make living from Forex.Before it was a side show.
2 yrs into forex and stocks trading.will ask silly questions time to time.
  • #416,580
  • Mar 31, 2011 5:14pm Mar 31, 2011 5:14pm
Quoting attila
is it just me or is this thread dying?

thats because they are with me



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