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  • #520,841
  • Aug 11, 2011 8:35pm Aug 11, 2011 8:35pm
Quoting egadsforex
You certainly seem like a great predator. So when you find tose stops you are hunting for will you be able to take then out?
Just curious.
im not a predator bro i just know how they think so i trade in line with them... yes the stops below this heavy support will be taken out
  • #520,842
  • Aug 11, 2011 8:43pm Aug 11, 2011 8:43pm
Quoting 2046

I see your point of fake breakouts, would be interesting to see how to best detect one.
It took me more than 3 years of study to find one way to exploit that phenomena. Of course it is not foolproof (nothing is in trading). The only problem is that I have to search for that particular pattern on 25 different currency pairs each day, and that's a huge and complicated task.

And even if I find one on, let's say on the GBP/CAD chart, sometimes the stop is so big compared to the reward that I simply have to ignore the trade signal.

Quoting 2046
in the case you are refering to there was a doji which indicated the reversal, so it should not have come as a surprise
Yes a doji bar or a hammer could give us an additional clue but I hardly use them, I trade with pure price action and zero indicator. The RSI, Macd, Bollinger Bands, Overbought this Oversold that and all that stuff no thank you.

And quite frankly the trader does not need them to make money.
  • #520,843
  • Aug 11, 2011 8:45pm Aug 11, 2011 8:45pm
looking for 1.4150-1.1425
Attached Image (click to enlarge)
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  • #520,844
  • Aug 11, 2011 8:47pm Aug 11, 2011 8:47pm
Long at 41895...SL at 4175
  • #520,845
  • Aug 11, 2011 9:00pm Aug 11, 2011 9:00pm
Quoting gatorinla
closed shorts.. running a smaller long at 4188.5
5m trigger was barely there.
closing mine at 4206 10 or 16
those who can, do. those who cant, talk about those who can
  • #520,846
  • Aug 11, 2011 9:05pm Aug 11, 2011 9:05pm
Quoting egkid
Can u post ur view for tomorrow?
I have to wait until midnight (NY time) and then I will start looking for trading setups. Please keep in mind that I watch 25 currency pairs and EUR/USD is only one of them. But if I see something interesting on the euro I will post it here.
  • #520,847
  • Aug 11, 2011 9:08pm Aug 11, 2011 9:08pm
Quoting gatorinla
st bear #1 completed at 1735.70/1742.48.. figures are probably off.. mine are based on 1814.50 high.. some say we actually went higher. atm we are approaching at 1756.71. then 1767.75 (both resistance.). atm i have 1756.21 as the high since the bottom bounce at 1732.20. we will see what pa says

#2 is 1663.21 may find some support at 1708.26
1616.94
it went higher then 1799.59 target.. thats actually within 1% of the chart started at 250. po

the market may still not be giving up its secrets. gold should drop if equities rise. equities can rise...
so far so good.. its respecting #2 path
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those who can, do. those who cant, talk about those who can
  • #520,848
  • Aug 11, 2011 9:13pm Aug 11, 2011 9:13pm
Quoting Monroe

In fact, i would think during times of illiquidity its easier for players to manipulate patterns and bars to get others on board to help them get what they want
While it is true that FX brokers/dealers can more easily manipulate the price when the market is less liquid (and that means during the Asian session in particular), they also need a lot of traders ($$$) to commit to a trade, long or short, so that they can create the maximum of "damage".

And the best time to do that is during the first hours of the London and Frankfurt sessions, between 1AM and 4AM.
  • #520,849
  • Aug 11, 2011 9:15pm Aug 11, 2011 9:15pm
Yesterday NY roll gave it a bounce but the stops below 4178 are still intact. I think we'll have another attempt from above 4204.
  • #520,850
  • Aug 11, 2011 9:23pm Aug 11, 2011 9:23pm
Quoting Mr Breakout
While it is true that FX brokers/dealers can more easily manipulate the price when the market is less liquid (and that means during the Asian session in particular), they also need a lot of traders ($$$) to commit to a trade, long or short, so that they can create the maximum of "damage".

And the best time to do that is during the first hours of the London and Frankfurt sessions, between 1AM and 4AM.


What color is the sky on your planet son?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #520,851
  • Aug 11, 2011 9:26pm Aug 11, 2011 9:26pm
Quoting Magix


What color is the sky on your planet son?
red.
  • #520,852
  • Aug 11, 2011 9:26pm Aug 11, 2011 9:26pm
Quoting fxjawn
im not a predator bro i just know how they think so i trade in line with them... yes the stops below this heavy support will be taken out
Cool.... and GOOD LUCK !
  • #520,853
  • Aug 11, 2011 9:31pm Aug 11, 2011 9:31pm
Quoting pkimnyc
red.
I think somebody needs to loosen the fit of their tinfoil hat...

Just a thought...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #520,854
  • Aug 11, 2011 9:32pm Aug 11, 2011 9:32pm
Quoting Magix
I think somebody needs to loosen the fit of their tinfoil hat...

Just a thought...
you're dreaming... you know it.
  • #520,855
  • Aug 11, 2011 9:36pm Aug 11, 2011 9:36pm
Quoting Mr Breakout
While it is true that FX brokers/dealers can more easily manipulate the price when the market is less liquid (and that means during the Asian session in particular), they also need a lot of traders ($$$) to commit to a trade, long or short, so that they can create the maximum of "damage".

And the best time to do that is during the first hours of the London and Frankfurt sessions, between 1AM and 4AM.
there is always solution

just get 10 different brokers.. and check the price.. if that doesnt helps you then the only thing I can think is an

Aluminium hat.. [cheers]

http://thumbs.dreamstime.com/thumbla...1644w2RF7N.jpg
  • #520,856
  • Aug 11, 2011 9:37pm Aug 11, 2011 9:37pm
Quoting Piters
there is always solution

just get 10 different brokers.. and check the price.. if that doesnt helps you then the only thing I can think is an

Aluminium hat.. [cheers]
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #520,857
  • Aug 11, 2011 9:38pm Aug 11, 2011 9:38pm
Quoting Magix


What color is the sky on your planet son?
You really expect an answer with that kind of childish and rude behavior?
  • #520,858
  • Aug 11, 2011 9:39pm Aug 11, 2011 9:39pm
Hi traders ) How are you all?
  • #520,859
  • Aug 11, 2011 9:39pm Aug 11, 2011 9:39pm
Quoting Mr Breakout
While it is true that FX brokers/dealers can more easily manipulate the price when the market is less liquid (and that means during the Asian session in particular), they also need a lot of traders ($$$) to commit to a trade, long or short, so that they can create the maximum of "damage".

And the best time to do that is during the first hours of the London and Frankfurt sessions, between 1AM and 4AM.
brokers no, dealers will run stops on there books but as I have said there are more players out there then just dealers, dealers want to offload risk as fast as possible and they work orders for clients. they don't commit to trades, thats more prop traders. dealers can shift the market in there favor at certain times and will do so, but they can also get in trouble
  • #520,860
  • Aug 11, 2011 9:40pm Aug 11, 2011 9:40pm
Quoting Mr Breakout
You really expect an answer with that kind of childish and rude behavior?
No.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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