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  • #41
  • Dec 7, 2010 1:21am Dec 7, 2010 1:21am
I will try to catch some good moves on EurGbp.
Breakout under this line ( remember it is a region not an exact nbr)
We need breakout with momentum.
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  • #42
  • Dec 7, 2010 11:24pm Dec 7, 2010 11:24pm
GbpUsd

Today I will hunt some short on GbpUsd.
I will search for some good entries from current price. (1.5712)
  • #43
  • Aug 13, 2011 4:11am Aug 13, 2011 4:11am
Hi,

USDCHF made a clear reversal candle.
Let see if we get some nice uptrend now. I'm ready.

Price friday close : 0.77751
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  • #44
  • Aug 14, 2011 8:06am Aug 14, 2011 8:06am
Hi,

AUDUSD make a nice candelstick. I'm ready to trade it.
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  • #45
  • Sep 9, 2011 12:40pm Sep 9, 2011 12:40pm
Hello!

When you trade this where is your TP? Do you just let it ride until you get a reversal or something like a spinning top?

Quoting seykota
Hi,

AUDUSD make a nice candelstick. I'm ready to trade it.
  • #46
  • Sep 12, 2011 4:10am Sep 12, 2011 4:10am
Hi

When I open such trade I do not decide where the TP or SL will be. - Not my style -
I'm a trend follower so "ALWAYS to late in and ALWAYS to late out".

I closed this trade 3-4 weeks after I open it. Maybe you can see why. - Look for W1 candles -

Have a good trading week.

B.R
Sey.

Quoting TheSwede
Hello!

When you trade this where is your TP? Do you just let it ride until you get a reversal or something like a spinning top?
  • #47
  • Sep 14, 2011 2:05am Sep 14, 2011 2:05am
Yea I think I can se why. Spinning top/Hammer. Was this also a good enought sell signal for you?


Quoting seykota
Hi

When I open such trade I do not decide where the TP or SL will be. - Not my style -
I'm a trend follower so "ALWAYS to late in and ALWAYS to late out".

I closed this trade 3-4 weeks after I open it. Maybe you can see why. - Look for W1 candles -

Have a good trading week.

B.R
Sey.
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  • #48
  • Sep 14, 2011 10:18am Sep 14, 2011 10:18am
Quoting TheSwede
Yea I think I can se why. Spinning top/Hammer. Was this also a good enought sell signal for you?
Hi,

Yes right candle. I never close based on one candle. But the candle give me signs. Signs reduce my confidence in the trade and other signs make me close the trade.
I close always to late
  • #49
  • Sep 19, 2011 6:00am Sep 19, 2011 6:00am
Hi,

Current EU level is interesting because we are moving aroung 0% of one MN fibonacci.

Lets see what comes out ?
Bet on long ?
Attached Image (click to enlarge)
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  • #50
  • Sep 19, 2011 7:20am Sep 19, 2011 7:20am
I see, interesting.
I guess you are not going to trade this before the monthly close?
There seem to be a lot of negative "news" in the EZ right now do you take that into account before placing a TA-trade?

Quoting seykota
Hi,

Current EU level is interesting because we are moving aroung 0% of one MN fibonacci.

Lets see what comes out ?
Bet on long ?
  • #51
  • Sep 19, 2011 7:56am Sep 19, 2011 7:56am
Quoting TheSwede
I see, interesting.
I guess you are not going to trade this before the monthly close?
There seem to be a lot of negative "news" in the EZ right now do you take that into account before placing a TA-trade?
I try to trade the market from my TA views.
You write " lot of negative 'news' in the EZ" What is a negative news for EZ ?
Why I ask that is because market act weird right now and I can not tell you that "this news will be negative for EURUSD".

We have a Gap on EU and market will probably test/clean this region. That why I bet on some long for EU ( No big ride but quick long trade )

//Sey
  • #52
  • Sep 19, 2011 9:44am Sep 19, 2011 9:44am
I agree with you on the news. The market behaviour around "news" is not always what I expect especially not now. I generally try not to pay any attention to news (just the market reaction) and try to avoid being in trades when important news are released.

Take for example how the market will react to a Greek default (probably negativ in the short prespective but positive in the long run, but then again who knows) you just don't have a clue, better to follow everybody else.

I also try to trade the market from a TA perspective (I look on timeframes up to daily but will start to look on weekly as well after your previous posts).

The gap always have been kind of a mystery thing for me. I like more to look att backfills for the different session to see if a region should be "cleaned". I'm not so sure this gap will get filled (at least not sure enought to trade it).

Quoting seykota
I try to trade the market from my TA views.
You write " lot of negative 'news' in the EZ" What is a negative news for EZ ?
Why I ask that is because market act weird right now and I can not tell you that "this news will be negative for EURUSD".

We have a Gap on EU and market will probably test/clean this region. That why I bet on some long for EU ( No big ride but quick long trade )

//Sey
  • #53
  • Sep 19, 2011 1:20pm Sep 19, 2011 1:20pm
Kinda looks like if it breaks this point it will tank
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Spinner 'Tis in the Waiting.....
  • #54
  • Sep 19, 2011 2:50pm Sep 19, 2011 2:50pm
Hi,

0% was not only important for me. H1 just closed over my 0%
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  • #55
  • Sep 19, 2011 2:59pm Sep 19, 2011 2:59pm
Quoting TheSwede
I agree with you on the news. The market behaviour around "news" is not always what I expect especially not now. I generally try not to pay any attention to news (just the market reaction) and try to avoid being in trades when important news are released.

Take for example how the market will react to a Greek default (probably negativ in the short prespective but positive in the long run, but then again who knows) you just don't have a clue, better to follow everybody else.

I also try to trade the market from a TA perspective (I look on timeframes...
Words are words. Try to understand the psychology behind the word.
If you study candlesticks try to understand why those pattern are reversal pattern, etc.

So what behind the word "gap" in forex ?
Why will over 90% of the gaps get tested and nearly 95% of all gaps are filled by half ?

I can give you some hints if you are stucked.

P.S
Of course I can give the answer here and now but that will not help you to be a trader.
  • #56
  • Sep 20, 2011 3:35pm Sep 20, 2011 3:35pm
Gap is a sign that market react on some market event when market was closed. If the trading that day/week continues to trade above/under that point, a gap will exist in the price chart. Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement.

There is an old saying that "the market abhors a vacuum and all gaps will be filled."
  • #57
  • Sep 20, 2011 4:09pm Sep 20, 2011 4:09pm
Some charts show quite a few unclosed gaps though. If there was one when g/j was 500 I wonder if anybody's still waiting for that
Spinner 'Tis in the Waiting.....
  • #58
  • Sep 21, 2011 4:58am Sep 21, 2011 4:58am
And this is also true about gaps between sessions. eg
london opens at 1.32 and closes at 1.33.
Next day we open at 1.335 then we have a gap. This gap is also likely to be filled.

The problem is that in Forex we never close (not even on weekends except for us retailers). This is why I like to look at sessions instead of weekend gaps.

Quoting seykota
Gap is a sign that market react on some market event when market was closed. If the trading that day/week continues to trade above/under that point, a gap will exist in the price chart. Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement.

There is an old saying that "the market abhors a vacuum and all gaps will be filled."
  • #59
  • Sep 21, 2011 12:51pm Sep 21, 2011 12:51pm
Well and now its closed.

Quoting seykota
Gap is a sign that market react on some market event when market was closed. If the trading that day/week continues to trade above/under that point, a gap will exist in the price chart. Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement.

There is an old saying that "the market abhors a vacuum and all gaps will be filled."
  • #60
  • Sep 21, 2011 12:52pm Sep 21, 2011 12:52pm
Hi,

I understand your view.
I trade big WE gaps if I see reasons why the gap exist.

Made some pips from this ....

Good luck with your trading.

Quoting TheSwede
And this is also true about gaps between sessions. eg
london opens at 1.32 and closes at 1.33.
Next day we open at 1.335 then we have a gap. This gap is also likely to be filled.

The problem is that in Forex we never close (not even on weekends except for us retailers). This is why I like to look at sessions instead of weekend gaps.
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