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Order Flow - Achieving the mindset

  • #1,681
  • May 31, 2011 12:57pm May 31, 2011 12:57pm
I think that the press conference on Thursday should be taken into account with this analysis, as there has been some hawkish rhetoric in the past few days, which keeps getting brushed under the radar by the Greece Situation. It would appear that participants who were far from the market saw the rumour from this minor politician as a good ruse to get price going to hit their bids.

Makes the argument for your long all the more convincing in my opinion. It may just assist you in managing your trade well over the next few days.

Regards,
xXTrizzleXx
  • #1,682
  • May 31, 2011 1:04pm May 31, 2011 1:04pm
Quoting xXTrizzleXx
I think that the press conference on Thursday should be taken into account with this analysis, as there has been some hawkish rhetoric in the past few days, which keeps getting brushed under the radar by the Greece Situation. It would appear that participants who were far from the market saw the rumour from this minor politician as a good ruse to get price going to hit their bids.

Makes the argument for your long all the more convincing in my opinion. It may just assist you in managing your trade well over the next few days.

Regards,
xXTrizzleXx...
thanks for your input Trizzle, yes I am aware of that, however I'm counting on this move sooner then that. Also, if I were to short, I'd be looking to short into those stops and positions built up so far would also look to TP up there.

Also, poor US data helping this as well.

The press conference thursday I'll be watching the wires for another trade.
  • #1,683
  • May 31, 2011 1:07pm May 31, 2011 1:07pm
Quoting Monroe
thanks for your input Trizzle, yes I am aware of that, however I'm counting on this move sooner then that. Also, if I were to short, I'd be looking to short into those stops and positions built up so far would also look to TP up there.

Also, poor US data helping this as well.

The press conference thursday I'll be watching the wires for another trade.
Good luck.

I'll try to trade while you're asleep so you don't hunt me down like the last time with Carnegie.

Regards,
xXTrizzleXx
  • #1,684
  • May 31, 2011 1:12pm May 31, 2011 1:12pm
Quoting xXTrizzleXx
Good luck.

I'll try to trade while you're asleep so you don't hunt me down like the last time with Carnegie.

Regards,
xXTrizzleXx

when did I hunt you down with Carnegie? lol

I realize this is close to short territory, but 4445 looks like the spot for it, i'll be watching how it all progresses...
  • #1,685
  • May 31, 2011 1:18pm May 31, 2011 1:18pm
Asian session has been seeing a lot of gunning lately. I've been seeing mid east names repeatedly. Seems they've been buying since the lows last week. Gunning in the Asian session seems to be a reoccurring pattern since then.

The Euro and the AUD have been getting gunned in lockstep. Bad AUD news and Chinese selling today leaves the AUD lower but still consolidating above key intraday S/R. Much like the Euro. I think a break below these levels will be important but some more gunning in the Asian session doesn't sound out of the question to me. Especially since there's rumored barrier interest to throw into it now.
Cautiously optimistic. . .
  • #1,686
  • May 31, 2011 1:20pm May 31, 2011 1:20pm
Quoting Tact1cal
Asian session has been seeing a lot of gunning lately. I've been seeing mid east names repeatedly. Seems they've been buying since the lows last week. Gunning in the Asian session seems to be a reoccurring pattern since then.

The Euro and the AUD have been getting gunned in lockstep. Bad AUD news and Chinese selling today leaves the AUD lower but still consolidating above key intraday S/R. Much like the Euro. I think a break below these levels will be important but some more gunning in the Asian session doesn't sound out of the question to me....
you're correct about that... it's not unusual for asia though.
  • #1,687
  • May 31, 2011 1:29pm May 31, 2011 1:29pm
Quoting Monroe
you put your stop right at the target for rizzle trizzle??


I've been quivering anytime I see your posts ever since...
  • #1,688
  • May 31, 2011 1:33pm May 31, 2011 1:33pm
Quoting xXTrizzleXx


I've been quivering anytime I see your posts ever since...
hahaha
  • #1,689
  • May 31, 2011 1:42pm May 31, 2011 1:42pm
How to tell if you're in an OF thread.

Attached Image
Cautiously optimistic. . .
  • #1,690
  • May 31, 2011 1:55pm May 31, 2011 1:55pm
Quoting Tact1cal
How to tell if you're in an OF thread.

Attachment


Top secret info being shared. If they find out your identity...

LOL!
  • #1,691
  • May 31, 2011 1:57pm May 31, 2011 1:57pm
Quoting Monroe
some orderflow analysis... what do you guys think....

firstly... report from IFR...



with a chart and PA analysis....

Attachment

what do you guys think? obvious target would be 4430/35 - 4450.
Let me see if I work can work my way through this. I'm still an order flow newbie; working my way through this and other OF threads. I'm glad that there's still interest in this thread.

Ok. The theme/sentiment on the day is bullish EUR/USD, but at the time that this news item was posted (I believe I saw the same thing around 12:30EST) the buyers were spent. We had already experienced the spike down when the German politician came out and said that Greece should leave the Eurozone. The pair dropped to the 1.4365 area where its shown that buyers are interested in holding this up. As Trizz points out, who is this politician anyway? Maybe he's trying to buy the dips??

The sentiment is still bullish, we've seen buyers step up the to plate. If we're long we know where potential selling can take place if this makes its way up.
  • #1,692
  • May 31, 2011 2:35pm May 31, 2011 2:35pm
I have already taken a trade from 4368 - 4423 in the morning. My other half was stopped out thanks to the news. So sitting out for now.
  • #1,693
  • May 31, 2011 5:17pm May 31, 2011 5:17pm
looks like classic pre news event/press conference (NFP this week) range consolidation typical 100 pip or so I'm guessing 4450-4350 range for position adjusting...

overall bullish sentiment for Euro and risk-on in markets today... though it is lofty up here. Greece "restructuring" being put off for now as it seems and further interest rate hikes in July being priced in... along horrible US data which is bringing possible QE3 fears. We also have to watch how the plans for Greece play out.

guess the market will have to digest this weeks data before anything crazy... of course, there's always the risk of the unexpected....
  • #1,694
  • May 31, 2011 5:37pm May 31, 2011 5:37pm
wooowweee look at her go
Cautiously optimistic. . .
  • #1,695
  • May 31, 2011 5:37pm May 31, 2011 5:37pm
well... out of that trade at 35, target hit... little quicker then I anticipated which is always nice. time for a brew....
  • #1,696
  • May 31, 2011 5:39pm May 31, 2011 5:39pm
Nicely done sir
Cautiously optimistic. . .
  • #1,697
  • May 31, 2011 5:41pm May 31, 2011 5:41pm
Quoting Tact1cal
Nicely done sir
thanks Tact1cal. cheers....

isn't she a beauty?

Attached Image (click to enlarge)
Click to Enlarge Name: eurotargethit.png Size: 13 KB
  • #1,698
  • Jun 3, 2011 9:19am Jun 3, 2011 9:19am
@Monroe: How was the NFP hunting today?
  • #1,699
  • Jun 3, 2011 11:00am Jun 3, 2011 11:00am
anyone noticed how AU behaved on Wednesday regarding the GDP number and the treasurer?

Was a good OF trade example.
.
  • #1,700
  • Edited 3:11pm Jun 3, 2011 2:32pm | Edited 3:11pm
Quoting vicky_ag
@Monroe: How was the NFP hunting today?
yo vicky... couldn't trade today but it sure looks like those bids at 4450 did the trick... (previous high tops from june 1st and the top of yesterdays 1hr retrace hammer... if you wanna get technical...) looks like a good wad of cash I missed...

well we're at the top of a channel due for a retrace... and there is next week's ECB meeting... lets hope for a dovish trichet... though I don't even think mike tyson in his prime could knock this bitch down...
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