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EURUSD

  • #480,621
  • Jul 5, 2011 3:33pm Jul 5, 2011 3:33pm
Quoting FibbinArchie
i know we're between sessions atm, but bounce so far resembles a dead cat imo (ie. just your bog standard, 20 to 30 pip corrective trend retrace), southern hemisphere also needs to digest news on portugal, let's see if china is still buying..
I think thats why we are hesitating to the downside, perfect setup for commercials... Bull mindset for retailers..

1.3xx might be coming around, not trading it for that long though...
  • #480,622
  • Edited 3:47pm Jul 5, 2011 3:35pm | Edited 3:47pm
Quoting 10piptrade
Hi Pkimnyc just wanted you to know that the sell trade that we spoke about over the weeken was close today for 100 pip, been updating as the week went by.
yes it did, after it shot up about 40-50 pips or so.
waiting one more day to pass would have given you the same entry or better as to the friday's entry.
in any case, good trade.
  • #480,623
  • Jul 5, 2011 3:36pm Jul 5, 2011 3:36pm
Quoting Larseg
I think thats why we are hesitating to the downside, perfect setup for commercials... Bull mindset for retailers..

1.3xx might be coming around, not trading it for that long though...
what are the retail cot figures and how recent are they?
  • #480,624
  • Jul 5, 2011 3:47pm Jul 5, 2011 3:47pm
Quoting FibbinArchie
what are the retail cot figures and how recent are they?

commercials are quite similar longs/shorts at 6,7mill and 6,9 mill

but non commercials in long are 300 000 (almost 30%) more than the shorts, so loooong squeeeze

However thats 8 days ago... and yesterday was new readings (hence after this sell off)...

Trying not to outsmart myself here
  • #480,625
  • Jul 5, 2011 3:50pm Jul 5, 2011 3:50pm
Quoting Mr Hatch
If you ask your buddy, build a wall around that thread, so everything can stay national... oioioi.
Had to laugh!

I wonder what yer man (MS) thinks of the Great Wall? Now THAT's a wall!
  • #480,626
  • Jul 5, 2011 3:52pm Jul 5, 2011 3:52pm
Quoting Larseg
commercials are quite similar longs/shorts at 6,7mill and 6,9 mill

but non commercials in long are 300 000 (almost 30%) more than the shorts, so loooong squeeeze

However thats 8 days ago... and yesterday was new readings (hence after this sell off)...

Trying not to outsmart myself here
you know lars, i think that's the trouble with cot, especially since retail tends to be short term in fx, it's out of date within hours of being published...
  • #480,627
  • Jul 5, 2011 3:57pm Jul 5, 2011 3:57pm
Quoting FibbinArchie
you know lars, i think that's the trouble with cot, especially since retail tends to be short term in fx, it's out of date within hours of being published...

Absolutely, as with fundamentals and COT its shown on the 8H & daily frames as the market movers cant hide from showing it in the longer TF,
  • #480,628
  • Jul 5, 2011 3:57pm Jul 5, 2011 3:57pm
Quoting kenfen69
Had to laugh!

I wonder what yer man (MS) thinks of the Great Wall? Now THAT's a wall!
they start blaming about one german sentence but dont care about binary codes?

big lol
Hero calls followed by margin calls...
  • #480,629
  • Jul 5, 2011 3:58pm Jul 5, 2011 3:58pm
Hey folks. Posted over the weekend about some levels I always watch for market flows...sweet spots, if you will. I attached an indicator, but it was definitely the wrong version. The one that is in some of my templates is attached here now...

I edited the mq4 file to suit my template, but have a play and you can change the colors and line style to whatever you want. As mentioned before, it won't show all the levels...I didn't ever take the time to do that, but I have...

xx00
xx20
xx33
xx50
xx66
xx80

...as the visible ones. xx10 and xx90 are easy to visualise. Just drop a horizontal line at those points if you really need them. Anyway...blah, blah, blah.

Hope you're all nice and green!
Attached File(s)
File Type: mq4 SDX-SweetSpots_v5.2.mq4   13 KB | 351 downloads
File Type: ex4 SDX-SweetSpots_v5.2.ex4   8 KB | 257 downloads
  • #480,630
  • Jul 5, 2011 4:00pm Jul 5, 2011 4:00pm
Quoting Larseg
Absolutely, as with fundamentals and COT its shown on the 8H & daily frames as the market movers cant hide from showing it in the longer TF,
Yep. Turning points are pretty blatantly obvious if you know what you are looking for.

The only time you will see me catch a 'top' or 'bottom' is if the daily has turned, and the next day we goes for a retest of the high or low.

I can wait an extra candle stick for that... less time in the trade, less exposure, less risk... done deal for me, for sure...!
  • #480,631
  • Jul 5, 2011 4:03pm Jul 5, 2011 4:03pm
Quoting PhAnTi'
they start blaming about one german sentence but dont care about binary codes?

big lol
Sorry Jonas...

I have no probs with the German. I just got a kick out of the subtle dig at Mr Mercy...and his passion for walls.

I saw some of the binary posted, is that looper still going? There is a fella at another site I have been a member at for YEARS...and he is called Binary Bob. Every feckin post is binary. So annoying. Funny at first, but 8, 9, 10 years later? Come on, mate!

Did I hear Erdinger induced hangover today?
  • #480,632
  • Jul 5, 2011 4:05pm Jul 5, 2011 4:05pm
Quoting Venice
Yep. Turning points are pretty blatantly obvious if you know what you are looking for....
I don't know what to look for. Please explain...
Robitussin, for the whole family
  • #480,633
  • Jul 5, 2011 4:07pm Jul 5, 2011 4:07pm
good morning all..

woke up this morning to see my TP's got hit at 1.4400. very happy.

I've reloaded a short just now at 1.4430 which on my graph is the 38.2fib retracement from yesterdays drop. Hoping to catch a drop to 1.438 today sometime.

Anyone else still holding shorts?

Mitch
  • #480,634
  • Jul 5, 2011 4:09pm Jul 5, 2011 4:09pm
Quoting ajsweet
I don't know what to look for. Please explain...
Start off reading up on your candle stick patterns, big hint, engulfing patterns; and most importantly, on a time frame that matters.

Lower time frames can see engulfments that are just fake outs... some good, some bad. Bigger time frames like 4h and daily/weekly, not so much. It's not very often that the daily chart will lie to you.
  • #480,635
  • Jul 5, 2011 4:11pm Jul 5, 2011 4:11pm
Quoting kenfen69
Hey folks. Posted over the weekend about some levels I always watch for market flows...sweet spots, if you will. I attached an indicator, but it was definitely the wrong version. The one that is in some of my templates is attached here now...
Much more better! Thanks again. Didn't want to mess up yout weekend by pitchen a bitch after you where so kind to put that up!
  • #480,636
  • Jul 5, 2011 4:11pm Jul 5, 2011 4:11pm
Quoting torontobboy2
I've sent you a private message.
Thanks, responded to your message.

TF
  • #480,637
  • Jul 5, 2011 4:13pm Jul 5, 2011 4:13pm
On that note - check out http://www.babypips.com/school/

This site is great for new-comers to forex. I started there and traded demo using some of these methods.

Sorry if posting that site was against some sort of rule, I'll delete it if so.

Mitch

Quoting Venice
Start off reading up on your candle stick patterns, big hint, engulfing patterns; and most importantly, on a time frame that matters.

Lower time frames can see engulfments that are just fake outs... some good, some bad. Bigger time frames like 4h and daily/weekly, not so much. It's not very often that the daily chart will lie to you.
  • #480,638
  • Jul 5, 2011 4:13pm Jul 5, 2011 4:13pm
Quoting Venice
Yep. Turning points are pretty blatantly obvious if you know what you are looking for.

The only time you will see me catch a 'top' or 'bottom' is if the daily has turned, and the next day we goes for a retest of the high or low.

I can wait an extra candle stick for that... less time in the trade, less exposure, less risk... done deal for me, for sure...!

Would make it easier if we broke 4000 or 4900 but that's trading,

coffee time,
  • #480,639
  • Jul 5, 2011 4:16pm Jul 5, 2011 4:16pm
Quoting Larseg
Would make it easier if we broke 4000 or 4900 but that's trading,

coffee time,
Yep, at least it isn't consolidating in a 200 pip range.
  • #480,640
  • Jul 5, 2011 4:20pm Jul 5, 2011 4:20pm
Hmm... Effen Vodka... not to shabby...

Imported from Holland :x
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