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  • #558,201
  • Nov 4, 2011 4:58am Nov 4, 2011 4:58am
Quoting screwup
need more green coming soon
unbelievable. you're damn good. NO LOSING TRADE AT ALL!
  • #558,202
  • Nov 4, 2011 4:59am Nov 4, 2011 4:59am
Quoting cloggie
Easy there, we came all this way and have 52 above here, may as well have a nibble first to see what gives over there.
yeah that's what it was, just a nibble. still dont trust this up move, could be pump and dump
In other news: A ranger was trapped between a bull and a bear
  • #558,203
  • Nov 4, 2011 4:59am Nov 4, 2011 4:59am
PPI in 1
  • #558,204
  • Nov 4, 2011 5:00am Nov 4, 2011 5:00am
Quoting digiff
yeah that's what it was, just a nibble. still dont trust this up move, could be pump and dump

At least hopefully now you know for the next time not to short it 15 pips before a similar setup.

There is still lots of jockeying for position here at 52, everybody and his brother is eyeballing the stops that are right here. We all know they are here, blatantly obvious, now let's see what the guys that have those stops are going to do and what appetite the guys that are gunning for them off that last move have to trip them. That is the game you need to play.
  • #558,205
  • Nov 4, 2011 5:03am Nov 4, 2011 5:03am
are we done with that 3850 or not yet? futures down a liitle
  • #558,206
  • Nov 4, 2011 5:04am Nov 4, 2011 5:04am
Planning to go long at 60, that's what my system says....

What do you guys say
  • #558,207
  • Nov 4, 2011 5:04am Nov 4, 2011 5:04am
Eu shorterm analysis of wave

http://www.forexfactory.com/showthre...=1#post5102310
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  • #558,208
  • Nov 4, 2011 5:07am Nov 4, 2011 5:07am
Quoting happytrader
unbelievable. you're damn good. NO LOSING TRADE AT ALL!
Not really. If you closer, instead of opening a 3 lot position, he would open 3 single 1 lot position. And that amounts to about 5-7 winning trades in a row. If you day trade/scalp, that is nothing. My last 5 trades were winners.
  • #558,209
  • Nov 4, 2011 5:09am Nov 4, 2011 5:09am
Quoting 21vs7
Nothing special for now.

They are making a move on CHF.

Going for lunch after PPI.
Over. If there will not be any political shit again...this baby is going to be ranging a bit. NFP to lo0ok out.

FooD!
  • #558,210
  • Nov 4, 2011 5:09am Nov 4, 2011 5:09am
Quoting cloggie
At least hopefully now you know for the next time not to short it 15 pips before a similar setup.

There is still lots of jockeying for position here at 52, everybody and his brother is eyeballing the stops that are right here. We all know they are here, blatantly obvious, now let's see what the guys that have those stops are going to do and what appetite the guys that are gunning for them off that last move have to trip them. That is the game you need to play.

Now ask yourself, what is it going to take for traders to give up those stops. We either need a change of sentiment that made them put the stops there, there is loads of them from the afternoon session yesterday and the Asia session overnight, and they need to know that giving up those stops gives them the opportunity to join the crowd and make up for the loss of position.

Either of them can be clearly seen on the charts, that's where we get momentum bars, it is the additional traders/money needed to get the stops and the change of sentiment of the stop holders and the increased traders/money following the new herd.

Any lack of any of that and the stops will hold and that will be clearly displayed on your charts, simples.
  • #558,211
  • Nov 4, 2011 5:12am Nov 4, 2011 5:12am
Quoting cloggie
Now ask yourself, what is it going to take for traders to give up those stops. We either need a change of sentiment that made them put the stops there, there is loads of them from the afternoon session yesterday and the Asia session overnight, and they need to know that giving up those stops gives them the opportunity to join the crowd and make up for the loss of position.

Either of them can be clearly seen on the charts, that's where we get momentum bars, it is the additional traders/money needed to get the stops and the change of sentiment of...

And here is your answer, look at your 5, what do you see, yup a momentum bar created by the traders gunning for the stops, giving up the fight and the stop holders protecting them, job done. Now we need to know whether those stop gunners just gave up the fight or capitulated and joined the older sentiment, how do we know that? Yup a conitnuance of the momentum caused by the gunners to give up and by the holders gloating having confidence in their stops and adding to positions, if there is none, then we are just going to sit here for a bit longer to see who blinks next. That is the key to holding on to a trade or banking what you got out of the fight. You won a battle, now let's see who is going to win the war.
  • #558,212
  • Nov 4, 2011 5:14am Nov 4, 2011 5:14am
Quoting cloggie
There is still lots of jockeying for position here at 52, everybody and his brother is eyeballing the stops that are right here. .
Looks like noone is blinking yet, just back to nibbling lol
In other news: A ranger was trapped between a bull and a bear
  • #558,213
  • Nov 4, 2011 5:18am Nov 4, 2011 5:18am
Quoting cloggie
if there is none, then we are just going to sit here for a bit longer to see who blinks next.

And guess what, there is none, so guess what, yup we are still sitting here forming a new range, one battle was won, 52 held, now we are on to the next battle to see who is going to win the war. A war it is, there is money involved.

Now you gotta judge the next battle, will the stopholders protect their 52 on the next onslaught? We know it is going to get weaker, not all of the holders held that 52, loads booked their profits when they saw the herd approaching so any new test of that 52 will only get less of a defence, there are less of them up there, so as long as the gunners still have an appetite, and we can judge that by momentum bars getting to the stops, it will give.

You can also look at price patterns to see what is going on, new traders will join the battle when they judge that the momentum is swinging their way, those are the speculators, the opportunists that let others do the initial fight and just join in when it looks like they are winning, you can judge that by new momentum bars.

This whole little play or battle can be clearly seen on your charts, no indicators needed, just look and see what price is doing and how it behaves, then ask yourself, why is it behaving the way it is.
  • #558,214
  • Nov 4, 2011 5:21am Nov 4, 2011 5:21am
Quoting cloggie
And here is your answer, look at your 5, what do you see, yup a momentum bar created by the traders gunning for the stops, giving up the fight and the stop holders protecting them, job done. Now we need to know whether those stop gunners just gave up the fight or capitulated and joined the older sentiment, how do we know that? Yup a conitnuance of the momentum caused by the gunners to give up and by the holders gloating having confidence in their stops and adding to positions, if there is none, then we are just going to sit here for a bit longer...
This is golden to me. Very nice post. Tho i still think should have held my buy earlier, even if we were raging. I mean with proper entries and TP nothing can go wrong even in a range, no?
  • #558,215
  • Nov 4, 2011 5:23am Nov 4, 2011 5:23am
Quoting cloggie
now we are on to the next battle to see who is going to win the war. A war it is, there is money involved.
Hear hear... well put.
In other news: A ranger was trapped between a bull and a bear
  • #558,216
  • Nov 4, 2011 5:25am Nov 4, 2011 5:25am
We know some traders want that 52, why and how do we know that, we did not see a "wet cat of an electric fence" bounce, that is telling us that we did not see and en masse change of play here, so the opportunist are now joining the little herd here to see how bad those 52 guys really want them and how many of them are left up there, quite a few of them would have ran for the exits, now let's see how big the remainder of them are.

On the ramparts, archers to the ready, pound your shields, we are gunning for you, let's see what you got, you've been up here long enough.
  • #558,217
  • Nov 4, 2011 5:27am Nov 4, 2011 5:27am
At what point do you decide that the stop runners have given up the battle? I mean judging a reversal versus a retrace?
  • #558,218
  • Nov 4, 2011 5:28am Nov 4, 2011 5:28am
i don't know what's wrong with me or my luck! every time i enter a trade, it usually goes well for 10 pips and then reverse to my SL.

it's like a curse !!!! i'm damn frustrated!!!!
  • #558,219
  • Nov 4, 2011 5:29am Nov 4, 2011 5:29am
EUR/USD is likely to go up further as couple of candles before formed W. My first target is 1.3895. And my next target is 1.3995.

This is my first post...it may be wrong.
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  • #558,220
  • Nov 4, 2011 5:29am Nov 4, 2011 5:29am
So what will happen with U.s NFP (etc) release ? (1230pm gmt)

Well firstly, it's not what it used to be in respect of markets' reaction that's for sure. Secondly we are 'thru the looking glass' and black is white -and- white is black, or at least it can be - ie the reliable old reaction of $ strength on a good number and $ weakness on a poor number has been skewed by the risk-on / risk off thing...ie a good number shows U.s may be growing so there may be a better apetite for riskier assets and $ sells-off as money flows into other such asset classes, and vice versa.

The main variables are of course the headline number itself, the private sector jobs number, and un-employment rate ; their relationship with the previous number, (any revisions to those,) and of course these numbers' relationship to the forecasts.

Add to the usual 'circus' the febrile atmosphere re the Eu/Greek situation and ongoing G20 and anything (or indeed nothing) can happen

Whatever your approach - Good Luck. Anything can happen and I personally don't care what it is - just as long as it does.

' with volatility comes opportunity (for gain and loss) ! '


PS: Are bulls gaining some traction here as ascending trend line holds? - can they break through the 38.2% fib of the fall from last week's hi to this week's current lo ? and upside thru that previous 4hr/daily swing lo zone (previous support = potential resistance ?)

Near-term Daily screenshot below.


G/L
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