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  • #3,181
  • Jun 10, 2011 4:02am Jun 10, 2011 4:02am
Quoting dongsky
that is not wrong... as long as you know what you see and feel


.........

now look at this candle... it pushed down very quick and fast and then it reversed... how does those shorts on this level feels now?

they're trapped!!! so most of them pannicked and will liquidate their exposure to control their pains... and this will just add to bulls strength...

so what will you expect the next movers ??

Attachment

created a hammer on the 15 tf.... moving up...correction or retracement not sure and don't care just go with the flow
  • #3,182
  • Jun 10, 2011 4:03am Jun 10, 2011 4:03am
Quoting dongsky
... and so it begun...

look what happened now... a lot of positioned short already closed their positions... so it initially pushed up... and some speculators sees this as long opportunity... so they buy... that's the start of the next candle...

but... it won't be long... if there's no genuine bulls present...

bears will soon take over again... and vice versa

so when you see this kind of action and you understand a bit... then you can have fun and squeeze some juice... don't be greedy...
know you're limitations... and when to...

Great dancing dongsky
  • #3,183
  • Jun 10, 2011 4:04am Jun 10, 2011 4:04am
In fact I was tempted to ride the correction...
(at least up to my EMA 20)
Are you in?
  • #3,184
  • Jun 10, 2011 4:06am Jun 10, 2011 4:06am
just popping in gents, at work have a great day.....weekend.
  • #3,185
  • Jun 10, 2011 4:08am Jun 10, 2011 4:08am
now look at this chart...

to me it is already neutral feel with possibility of bull run...

but before it will happen... it will re-test the previous lower low (point) and expect a bounce or rejection...

but if bears are relatively strong... then can expect sideways action or might possibly pushed it lower a bit... before going to range...

again... it's just me... that's how i look at it...

Attached Image (click to enlarge)
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Success consists of going from failure to failure without loss of enthusiam
  • #3,186
  • Jun 10, 2011 4:10am Jun 10, 2011 4:10am
Quoting kingjames
created a hammer on the 15 tf.... moving up...correction or retracement not sure and don't care just go with the flow

that's the magic of cross referencing with higher time frame... smaller time frame will just help me timed my trades... and if in trouble... when to exit or rescue...

that's the way
Success consists of going from failure to failure without loss of enthusiam
  • #3,187
  • Jun 10, 2011 4:11am Jun 10, 2011 4:11am
Quoting Jupiter
In fact I was tempted to ride the correction...
(at least up to my EMA 20)
Are you in?

nope i'm flat at the moment... needs some confirmation before deploying scout...

i lost my feel after i came back from errands
Success consists of going from failure to failure without loss of enthusiam
  • #3,188
  • Jun 10, 2011 4:15am Jun 10, 2011 4:15am
Eddy... I'm not completely naked (lol)...
I use my EMA as point of reference for dynamic S/R.
And only for this.
Is this a mistake?
I found out that they are a reality...
All test and retest are (!) there... or in the Zone.
I would like very much your view.
Boy ... today we have a great lesson.
  • #3,189
  • Jun 10, 2011 4:18am Jun 10, 2011 4:18am
++ Super Like ++

Thanks Dongsky!
  • #3,190
  • Jun 10, 2011 4:20am Jun 10, 2011 4:20am
Quoting Jupiter
Eddy... I'm not completely naked (lol)...
I use my EMA as point of reference for dynamic S/R.
And only for this.
Is this a mistake?
I found out that they are a reality...
All test and retest are (!) there... or in the Zone.
I would like very much your view.
Boy ... today we have a great lesson.
hey Franc
i normally put emas to my template... just to help me more feel the market... that i can see how far price action from the mean... and normally when it's too far... it will reverse to the mean...

since ema is always a lagger... i never used it as entry trigger i used it mostly to time my trade... exits and entries... or when not to engage at all...

hey, anything that works for you... go for it! there is no such thing as mistake... just don't over complicate things...
Success consists of going from failure to failure without loss of enthusiam
  • #3,191
  • Jun 10, 2011 4:23am Jun 10, 2011 4:23am
Quoting niksan
++ Super Like ++

Thanks Dongsky!
Success consists of going from failure to failure without loss of enthusiam
  • #3,192
  • Jun 10, 2011 4:27am Jun 10, 2011 4:27am
long scout... 4457 eu

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Success consists of going from failure to failure without loss of enthusiam
  • #3,193
  • Jun 10, 2011 4:33am Jun 10, 2011 4:33am
To me EMAs (as pure lines) are a reality...
together with Pivot Points are used by all the big boys
as their point of reference.
This is why I use them too.
The secret is: always watch and be nimble...
don't marry anything...
learn the "art of the extemporaneous response".
(and now they are testing the Zone... lol)
  • #3,194
  • Jun 10, 2011 4:42am Jun 10, 2011 4:42am
Quoting Jupiter
To me EMAs (as pure lines) are a reality...
together with Pivot Points are used by all the big boys
as their point of reference.
This is why I use them too.
The secret is: always watch and be nimble...
don't marry anything...
learn the "art of the extemporaneous response".
(and now they are testing the Zone... lol)
live with it, sleep with it... and later on... you will realize you have found your edge!


p.s. nobody really knows what the bigboys are doing and using they're bound with secrecy if one happened to be or used to be amongs them... do you think they will spread their secret?
Success consists of going from failure to failure without loss of enthusiam
  • #3,195
  • Jun 10, 2011 4:45am Jun 10, 2011 4:45am
... it's already a bullish sentiment...

we'll see

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Success consists of going from failure to failure without loss of enthusiam
  • #3,196
  • Jun 10, 2011 4:45am Jun 10, 2011 4:45am
Months of hard work... but now I have you.
You are the man.
  • #3,197
  • Jun 10, 2011 4:47am Jun 10, 2011 4:47am
4472... again... watch out.
  • #3,198
  • Jun 10, 2011 4:48am Jun 10, 2011 4:48am
okay.. i'm squared now... i want to drink now!..

let's party...

Success consists of going from failure to failure without loss of enthusiam
  • #3,199
  • Jun 10, 2011 4:50am Jun 10, 2011 4:50am
Quoting Jupiter
4472... again... watch out.

LOL, don't be so rigid... go with the flow... you might have a heart attack

nimble now...

i'm off!!!
Success consists of going from failure to failure without loss of enthusiam
  • #3,200
  • Jun 10, 2011 4:51am Jun 10, 2011 4:51am
Hi Eddy!

Cool stuff in here.
Would you accept me as your student too?


All the best!

Niels
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