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  • #432,841
  • May 2, 2011 6:42am May 2, 2011 6:42am
hmm, reckon 4900 options barrier could be under threat on reduced liquidity when NY wakes up...

also ideal stop hunting distance for premature shorts...
  • #432,842
  • May 2, 2011 6:43am May 2, 2011 6:43am
Hello all ive been selling into this rally
Ambition
  • #432,843
  • May 2, 2011 6:47am May 2, 2011 6:47am
Quoting yaser2us
thanks for your note but you know the price action and indicators are presented diffident meaning of movement. it does not mean which is great it mean each of them has its translation from mathematics language.

have a great trade.
I can understand indicators being math based, but how is price action also maths? Price action is just price :S either way, you refer to it as a language, and that's what it is, in my opinion.

I believe the market tells you a story, you just gotta read it :-)

All I use are EMAs to guide my understanding of price movements - that's as mathematical as it gets for me.

Also, when I was referring to the volume, I was referring to the number of market participants or the amount of money going into a pair, per se - to take note of behavior of price. Wasn't referring to a certain number based indicator for triggers of entries or exits or anything.

Hope it clarifies things.
Trends, breakouts, price action.
  • #432,844
  • May 2, 2011 6:49am May 2, 2011 6:49am
Quoting aizazk
I can understand indicators being math based, but how is price action also maths? Price action is just price :S either way, you refer to it as a language, and that's what it is, in my opinion.

I believe the market tells you a story, you just gotta read it :-)

All I use are EMAs to guide my understanding of price movements - that's as mathematical as it gets for me.

Also, when I was referring to the volume, I was referring to the number of market participants or the amount of money going into a pair, per se - to take note of behavior of price....
I see that the price action signals wont become clear until close of the daily bar today should be a dramatic move to the downside today thats my take
Ambition
  • #432,845
  • May 2, 2011 6:53am May 2, 2011 6:53am
PhAnTi have you taken any trades today?
  • #432,846
  • May 2, 2011 6:55am May 2, 2011 6:55am
Quoting talentfx
I see that the price action signals wont become clear until close of the daily bar today should be a dramatic move to the downside today thats my take
Not that I'm looking for a price action signal on the daily, I don't know if it will make a dramatic move or not. If it closes within the (daily) range, then expect a breakout of that range soon.
Trends, breakouts, price action.
  • #432,847
  • May 2, 2011 6:58am May 2, 2011 6:58am
Quoting aizazk
I can understand indicators being math based, but how is price action also maths? Price action is just price :S either way, you refer to it as a language, and that's what it is, in my opinion.

I believe the market tells you a story, you just gotta read it :-)

All I use are EMAs to guide my understanding of price movements - that's as mathematical as it gets for me.

Also, when I was referring to the volume, I was referring to the number of market participants or the amount of money going into a pair, per se - to take note of behavior of...
you are right,but let me know how could you count the wave, volume and etc. it is represented by number and price is value, right? it means you can do it by math but it is not enough for trading because it is complex task.

according short about 5 min left ago i saw a signal for short according price action and indicators and also it depends by your strategic and money management to do trade or not.
Good companion, is a trophy.
  • #432,848
  • May 2, 2011 6:58am May 2, 2011 6:58am
Quoting FibbinArchie
hmm, reckon 4900 options barrier could be under threat on reduced liquidity when NY wakes up...

also ideal stop hunting distance for premature shorts...
Seems very likely.
  • #432,849
  • May 2, 2011 6:59am May 2, 2011 6:59am
Quoting aizazk
I can understand indicators being math based, but how is price action also maths? Price action is just price :S either way, you refer to it as a language, and that's what it is, in my opinion.

I believe the market tells you a story, you just gotta read it :-)

All I use are EMAs to guide my understanding of price movements - that's as mathematical as it gets for me.

Also, when I was referring to the volume, I was referring to the number of market participants or the amount of money going into a pair, per se - to take note of behavior of price....
agree with you in principle, however a mathematical measure of momentum or rate of change can also be of use in reading price...
  • #432,850
  • May 2, 2011 7:01am May 2, 2011 7:01am
Quoting neo1599
Seems very likely.
I think so, let's see if price agrees...
  • #432,851
  • May 2, 2011 7:01am May 2, 2011 7:01am
Quoting aizazk
Not that I'm looking for a price action signal on the daily, I don't know if it will make a dramatic move or not. If it closes within the (daily) range, then expect a breakout of that range soon.
Yeah sorry my methods pa signals and my other method both my method says look for a move south and for that to occur the price action signal will have to move down 100 points or more today so thats what im expecting anytime today before the close of the daily it might not be dramatic it could slowly crawl there as well. This is my opinion I am not making a trade reccomendation and take no responsibility for any other traders actions.
Ambition
  • #432,852
  • May 2, 2011 7:04am May 2, 2011 7:04am
Quoting FibbinArchie
I think so, let's see if price agrees...
ism numbers out in a couple of hours...
  • #432,853
  • May 2, 2011 7:07am May 2, 2011 7:07am
Look Sharp/Trade Tight
  • #432,854
  • May 2, 2011 7:07am May 2, 2011 7:07am
Quoting yaser2us
you are right,but let me know how could you count the wave, volume and etc. it is represented by number and price is value, right? it means you can do it by math but it is not enough for trading because it is complex task.

according short about 5 min left ago i saw a signal for short according price action and indicators and also it depends by your strategic and money management to do trade or not.
I'm currently flat, just waiting to see if NY brings any breakouts for me.
Trends, breakouts, price action.
  • #432,855
  • May 2, 2011 7:10am May 2, 2011 7:10am
Quoting talentfx
Yeah sorry my methods pa signals and my other method both my method says look for a move south and for that to occur the price action signal will have to move down 100 points or more today so thats what im expecting anytime today before the close of the daily it might not be dramatic it could slowly crawl there as well. This is my opinion I am not making a trade reccomendation and take no responsibility for any other traders actions.
how's that no stop strategy working out for you?
  • #432,856
  • May 2, 2011 7:11am May 2, 2011 7:11am
Quoting PayTheLimit
most of europe on bank hols today...

couple of observations...

my feed opened dead on today's pivot point and we got a 100 pip overnight range 763 to 863, looking at maybe fading a range breakout, see what it does later...
  • #432,857
  • May 2, 2011 7:12am May 2, 2011 7:12am
Quoting FibbinArchie
agree with you in principle, however a mathematical measure of momentum or rate of change can also be of use in reading price...
Yes, you are right, but then again, it would turn into an indicator instead of reading from price alone. I agree with what you're trying to say there, but that's not what I look for and it's not part of my strategy, so I just don't go there .
Trends, breakouts, price action.
  • #432,858
  • May 2, 2011 7:12am May 2, 2011 7:12am
Quoting hindustani
damn i left euro at 4848, went down and played gta vice city for 2 hours and the idiot is still where i left it

sounds like we do not see much action today
short again 4840. TP 4807 SL 4849
looking for investors . pm me
  • #432,859
  • May 2, 2011 7:13am May 2, 2011 7:13am
hmm they got bin laden eh?
Ambition
  • #432,860
  • May 2, 2011 7:14am May 2, 2011 7:14am
Quoting talentfx
This is my opinion I am not making a trade reccomendation and take no responsibility for any other traders actions.
Don't worry - I have no intention of trading against the trend unless the trend itself changes.
Trends, breakouts, price action.
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