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EURUSD

  • #542,501
  • Sep 22, 2011 7:16pm Sep 22, 2011 7:16pm
  •  XDorkX
  • | Joined Sep 2011 | Status: I'm Polish & better looking than U | 183 Posts
Ok, did I miss a news headline or something?
  • #542,502
  • Sep 22, 2011 7:18pm Sep 22, 2011 7:18pm
Japan offering to help EURO-zone with debt ?
  • #542,503
  • Sep 22, 2011 7:19pm Sep 22, 2011 7:19pm
the headline is: JPY is bank holiday today
Quoting XDorkX
Ok, did I miss a news headline or something?
  • #542,504
  • Sep 22, 2011 7:21pm Sep 22, 2011 7:21pm
looks pretty much like a trap
I recommend you read something else as this sentence is now concluded.
  • #542,505
  • Sep 22, 2011 7:21pm Sep 22, 2011 7:21pm
  •  XDorkX
  • | Joined Sep 2011 | Status: I'm Polish & better looking than U | 183 Posts
I mean what's going on with the Euro, what'd I miss for this rally?
  • #542,506
  • Sep 22, 2011 7:21pm Sep 22, 2011 7:21pm
Quoting rootkit
the headline is: JPY is bank holiday today
http://www.forexlive.com/blog/2011/0...z-debt-crisis/
  • #542,507
  • Sep 22, 2011 7:23pm Sep 22, 2011 7:23pm
  •  XDorkX
  • | Joined Sep 2011 | Status: I'm Polish & better looking than U | 183 Posts
So many rumors, so little time!

Is that Tom, from myspace?
  • #542,508
  • Sep 22, 2011 7:25pm Sep 22, 2011 7:25pm
morning, major league aspirator.

theres a massive bull candle.

im way ahead of the game. longed long time ago

watcch out though, supply zone.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #542,509
  • Sep 22, 2011 7:25pm Sep 22, 2011 7:25pm
Quoting Obaidah
looks pretty much like a trap
yeah,
emergency statement from G20 about debt crisis coming up .. .

Thursday 21:45 GMT press conference from G20 chairman but it's already
Friday morning here and Friday 00:24 GMT?!

Weird
  • #542,510
  • Sep 22, 2011 7:27pm Sep 22, 2011 7:27pm
looks like we will have a new support level in the area of 1.3530 or I'm wrong
Trade or not to trade - that is the question...
  • #542,511
  • Sep 22, 2011 7:37pm Sep 22, 2011 7:37pm
  •  XDorkX
  • | Joined Sep 2011 | Status: I'm Polish & better looking than U | 183 Posts
Quoting freakout
looks like we will have a new support level in the area of 1.3530 or I'm wrong
I see the same thing.
  • #542,512
  • Sep 22, 2011 7:44pm Sep 22, 2011 7:44pm
Quoting XDorkX
I see the same thing.
its called a supply zone.
buyers freak out here, because here is where sellers put their orders.

you can see how the wick just drifted off the level.
Have I got something on my face, SOLDIER?
  • #542,513
  • Sep 22, 2011 7:48pm Sep 22, 2011 7:48pm
  •  XDorkX
  • | Joined Sep 2011 | Status: I'm Polish & better looking than U | 183 Posts
Quoting bumapatria
its called a supply zone.
buyers freak out here, because here is where sellers put their orders.

you can see how the wick just drifted off the level.
Yeah I see that Bumapatria, thank you for the explanation. Now why is that zone the supply zone and not the next or the one before?
  • #542,514
  • Sep 22, 2011 7:52pm Sep 22, 2011 7:52pm
Quoting XDorkX
Yeah I see that Bumapatria, thank you for the explanation. Now why is that zone the supply zone and not the next or the one before?
its all the matter of choosing your levels. the one in which the most imbalance and least number of candles is in, is the best. In this case, imho, this one is good. it shows how important supply and demand is. Buyers knew they would exit here. My explanation: well planned. out of us session and london session crossover, and they just aimed for the most viable target, which is the nearest.

Its best used on higher timeframes, but right now, this one is proving well enough for the next move down, or just some good ranging.


bears are only going to run in us session crossover with london session and after that.

i hope you get what im trying to say.

ADD: It also provides high reward low risk entries.
Attached Image (click to enlarge)
Click to Enlarge Name: supply.gif Size: 24 KB
Have I got something on my face, SOLDIER?
  • #542,515
  • Sep 22, 2011 7:53pm Sep 22, 2011 7:53pm
this thing now at best can go sideways
I recommend you read something else as this sentence is now concluded.
  • #542,516
  • Sep 22, 2011 7:54pm Sep 22, 2011 7:54pm
Quoting XDorkX
Yeah I see that Bumapatria, thank you for the explanation. Now why is that zone the supply zone and not the next or the one before?
Probably because that's where many people think that the next bull run will begin and have placed orders accordingly which means that there is a supply of buyers which will drive the price up. Just my best understanding of the concept. BTW, I don't pay much attention to it I'm currently short with a TP of 1.3526 for a quick 15 pips.
  • #542,517
  • Edited 8:19pm Sep 22, 2011 7:59pm | Edited 8:19pm
Quoting jaws810
Probably because that's where many people think that the next bull run will begin and have placed orders accordingly which means that there is a supply of buyers which will drive the price up. Just my best understanding of the concept. BTW, I don't pay much attention to it I'm currently short with a TP of 1.3526
im sorry mate, but thats not supply and demand. Look in my thread and search supply and demand and you will find your answer. Its not as you say, that is wrong. supply like resistance, and demand is like support. mind that i said like not is.

heres the bounce occuring:

ADD: The novice buyers bought there, the institutions, banks blah, etc, sold. there is a difference.
Attached Image (click to enlarge)
Click to Enlarge Name: bounce.gif Size: 27 KB
Have I got something on my face, SOLDIER?
  • #542,518
  • Sep 22, 2011 8:22pm Sep 22, 2011 8:22pm
And the award for the Worst call of the week...

Of course, given his reptitious posting, he also claims second, third and fourth place in the category...

FOREXBOOM!

Way To Go Tiger!
Attached Image (click to enlarge)
Click to Enlarge Name: Award1.jpg Size: 135 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #542,519
  • Sep 22, 2011 8:25pm Sep 22, 2011 8:25pm
  •  XDorkX
  • | Joined Sep 2011 | Status: I'm Polish & better looking than U | 183 Posts
Quoting bumapatria
its all the matter of choosing your levels. the one in which the most imbalance and least number of candles is in, is the best. In this case, imho, this one is good. it shows how important supply and demand is. Buyers knew they would exit here. My explanation: well planned. out of us session and london session crossover, and they just aimed for the most viable target, which is the nearest.
I completely understand and that is probably the most informative comment I've seen thus far. Tyvm.
  • #542,520
  • Sep 22, 2011 8:26pm Sep 22, 2011 8:26pm
Quoting Magix
And the award for the Worst call of the week...

Of course, given his reptitious posting, he also claims second, third and fourth place in the category...

FOREXBOOM!

Way To Go Tiger!
it was a big disturbance especially to those wanting to know others' anaalysis.

sorry to say this, but screw him, he has no courage to come back here and say he trolled, and it truly ticked me off. Me and some other guys wanted his analysis on a chart, and he told the whole forum to basically forget PRICE ACTION!!! @$)#$)#@)$hfnksnfowiht...

"dont use gartleys, bats, harmonics, fibonacci, supply demand, support res., etc, use PRICE ACTION.".

magix, u do realize that these contribute to price action right?

total flunk.

twee, if he comes back here, put him in the commercial. hes a total disturbance especially to newbies.
Have I got something on my face, SOLDIER?
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