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  • #520,761
  • Aug 11, 2011 6:28pm Aug 11, 2011 6:28pm
4H PASSED
Already put my target for tomorrow
Quoting egkid
Right
Add to that Time
for example on my 1H chart
after 8H if we didn't close under 1.4180 with strong move down that give bullish sign
Time....
Attached Image
  • #520,762
  • Aug 11, 2011 6:29pm Aug 11, 2011 6:29pm
Quoting 2046
what fake bar at which 2am (timezone)? got a screenshot or something?
Ok, here is the thing. Between 1AM and 4AM (New York time), when you see 1 or 2 wide range bars popping up (especially if the market has been relatively quiet), it usually means the market is about to reverse quickly, because that's the time when Forex dealers start playing games with the traders. They will quickly move the price in one direction and make you believe there is a breakout in progress, and then BAM, they will reverse the trend and flush your stop.

Of course it does not work all the time (and you need other confirmation patterns anyway) but that's the general idea.

Yesterday on this thread I saw a lot of : "Oh wow, we have a breakout guys, time to buy the euro". Well that's exactly what the dealers want us to believe. And then they burn our stops and take our entire position.

They do that almost everyday, and sometimes at different hours, just to keep us confused.

Now don't get too excited, it could take months or even years of study to figure out a way to make money with that principle.

Anyway, cannot say more, shhhhh
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  • #520,763
  • Aug 11, 2011 6:31pm Aug 11, 2011 6:31pm
Quoting fxjawn
stop at BE and tp is down at 4191 lets see...
I like it, brother. Protected it...and not being overly greedy on the TP! Couldn't really change anything on that even if you don't get full TP.

Looking good for a man running on fumes!
  • #520,764
  • Aug 11, 2011 6:34pm Aug 11, 2011 6:34pm
Heading to bed, h4 to daily hit. m5/m15 looking nice but needs some fresh momentum / consolidation. Don't expect a lot without here. Watch out for turnaround.
  • #520,765
  • Aug 11, 2011 6:34pm Aug 11, 2011 6:34pm
Quoting kenfen69
Zoinks!

Who know whats coming up today? I really get the sense that there is a LOT of stuff under the rug...with more to come. Don't know will it fit. Would be an epic run!

ps- Don't be scared...ghosts are gone! Not there tonight, right...just the one night?
not ready to risk more then i got on the table yet.. 5, bull has a weak long.. waiting for a reason
those who can, do. those who cant, talk about those who can
  • #520,766
  • Aug 11, 2011 6:34pm Aug 11, 2011 6:34pm
Quoting yoursong
Heading to bed, h4 to daily hit. m5/m15 looking nice but needs some fresh momentum / consolidation. Don't expect a lot without here. Watch out for turnaround.
Have a good sleep, mate...catch you soon.
  • #520,767
  • Aug 11, 2011 6:35pm Aug 11, 2011 6:35pm
Quoting Mr Breakout
Ok, here is the thing. Between 1AM and 4AM (New York time), when you see 1 or 2 wide range bars popping up (especially after the market has been relatively quiet), it usually means the market is about to reverse quickly, because that's the time when Forex dealers start playing games with the traders. They will quickly move the price in one direction and make you believe there is a breakout in progress, and then BAM, they will reverse the trend and flush your stop.

Of course it does not work all the time (and you need other confirmation...
why would u go long into supply...
  • #520,768
  • Aug 11, 2011 6:36pm Aug 11, 2011 6:36pm
Quoting fxjawn
stop at BE and tp is down at 4191 lets see...
A good trade, is one that you cannot lose money on
  • #520,769
  • Aug 11, 2011 6:36pm Aug 11, 2011 6:36pm
Quoting kenfen69
I like it, brother. Protected it...and not being overly greedy on the TP! Couldn't really change anything on that even if you don't get full TP.

Looking good for a man running on fumes!
thanks bro if it works out ill gonna take it on the way up from the bottom

look at yesterdays asian open.... its shaping up the same way.. and the fun up fom the bottom to above the tokyo channel was over 100 pips...

than price sat up there for ever and dicked around befor the bottom dropped out...

if its not that it will be the opposite ya know
i have just been leaving to many pips on the table during asia just dicking around
  • #520,770
  • Aug 11, 2011 6:38pm Aug 11, 2011 6:38pm
Quoting gatorinla
not ready to risk more then i got on the table yet.. 5, bull has a weak long.. waiting for a reason
Any levels you think the rubber band may stretch to? Or...what are you watching below, if that would be your approach?
  • #520,771
  • Aug 11, 2011 6:39pm Aug 11, 2011 6:39pm
daily , 4h, 1h all point to 4260 as important point on my system
  • #520,772
  • Aug 11, 2011 6:39pm Aug 11, 2011 6:39pm
Quoting kenfen69
Zoinks!

Who know whats coming up today? I really get the sense that there is a LOT of stuff under the rug...with more to come. Don't know will it fit. Would be an epic run!

ps- Don't be scared...ghosts are gone! Not there tonight, right...just the one night?
we will c #520830
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.PNG Size: 19 KB
those who can, do. those who cant, talk about those who can
  • #520,773
  • Aug 11, 2011 6:43pm Aug 11, 2011 6:43pm
Quoting RichFWebb
why would u go long into supply...
Few people can fade the price when it is moving fast and in one direction, especially trend followers.
  • #520,774
  • Aug 11, 2011 6:43pm Aug 11, 2011 6:43pm
Quoting fxjawn
look at yesterdays asian open.... its shaping up the same way.. and the fun up fom the bottom to above the tokyo channel was over 100 pips...
Yeah...its hard not to say history repeats itself sometimes. Anyone who wouldn't agree just needs to cast their eye over the recent daily chart. So...why not in Asian session, too?
Quoting fxjawn
than price sat up there for ever and dicked around befor the bottom dropped out...
That was pain-ful!

Could start to see some moves around this time now. GL brother.
  • #520,775
  • Aug 11, 2011 6:44pm Aug 11, 2011 6:44pm
Quoting egkid
daily , 4h, 1h all point to 4260 as important point on my system
its been that way for a while. #509310
those who can, do. those who cant, talk about those who can
  • #520,776
  • Aug 11, 2011 6:44pm Aug 11, 2011 6:44pm
Quoting kenfen69
Have a good sleep, mate...catch you soon.
Its brewing...

You too mate...

... in 5 1/2h

Play safe guys... One last Martini Rosso...

Inserted Video
  • #520,777
  • Aug 11, 2011 6:46pm Aug 11, 2011 6:46pm
Quoting gatorinla
its been that way for a while. #509310
Yes i know but i talk about future "my system tell that"
it's hard to explain but it is
  • #520,778
  • Aug 11, 2011 6:47pm Aug 11, 2011 6:47pm
Quoting gatorinla
we will c #520830
Nice g-man. Big azz zone. I may just place some of the exact same orders I did last night; already played and paid handsomely once...and not too much has changed. Little supply absorbed, so I'll have to account for that.

Thanks for the chart!
  • #520,779
  • Aug 11, 2011 6:47pm Aug 11, 2011 6:47pm
Quoting Mr Breakout
...the thing...
thanks, your post has certainly become understandable with the image.

I see your point of fake breakouts, would be interesting to see how to best detect one.

in the case you are refering to there was a doji which indicated the reversal, so it should not have come as a surprise
  • #520,780
  • Aug 11, 2011 6:50pm Aug 11, 2011 6:50pm
Quoting Mr Breakout
Ok, here is the thing. Between 1AM and 4AM (New York time), when you see 1 or 2 wide range bars popping up (especially if the market has been relatively quiet), it usually means the market is about to reverse quickly, because that's the time when Forex dealers start playing games with the traders. They will quickly move the price in one direction and make you believe there is a breakout in progress, and then BAM, they will reverse the trend and flush your stop.

Of course it does not work all the time (and you need other confirmation patterns...
Very Interesting i just notice it's pointing to guess what 4260
Explain more plz
What is phony wide range bar?
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