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  • #591,361
  • Feb 3, 2012 5:40am Feb 3, 2012 5:40am
Quoting Z3iz3i
But if you know how to PLAY, that is where the money is made.
it is allways about how to play
  • #591,362
  • Feb 3, 2012 5:40am Feb 3, 2012 5:40am
Quoting Z3iz3i
It is no straight movement now. Why Friday fucks up people is because with low liquidity there are many asset classes where stop hunt is done and which correlates each other. They are out of sync a lot of time.

That is why movement is such a zig-zag and with sudden spikes.

But if you know how to PLAY, that is where the money is made.

"there are many asset classes where stop hunt is done and which correlates"... first time I've read that here. Sage!
  • #591,363
  • Feb 3, 2012 5:40am Feb 3, 2012 5:40am
Quoting Z3iz3i
It is no straight movement now. Why Friday fucks up people is because with low liquidity there are many asset classes where stop hunt is done and which correlates each other. They are out of sync a lot of time.

That is why movement is such a zig-zag and with sudden spikes.

But if you know how to PLAY, that is where the money is made.
hi, do you mind explaining the concept of stop hunt in forex? i've seen a lot of posts saying that the big fish are stop hunting.

why do u wanna stop hunt retailers?
  • #591,364
  • Feb 3, 2012 5:43am Feb 3, 2012 5:43am
Quoting mercy seat
Additional bigger sell limits has been triggered at 1.3183 with mine ...

Time 11h46 CET ...




;-|
Partial adjustments at 1.31711 and 1.31681 ...

Done ...




;-|

http://www.forexfactory.com/images/m...ading_dark.gif

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #591,365
  • Feb 3, 2012 5:45am Feb 3, 2012 5:45am
Quoting happytrader
hi, do you mind explaining the concept of stop hunt in forex? i've seen a lot of posts saying that the big fish are stop hunting.

why do u wanna stop hunt retailers?
First off: there's no "hunting" involved (as if the Rat didn't know where they were!). It's actually stop RUNNING.
  • #591,366
  • Feb 3, 2012 5:45am Feb 3, 2012 5:45am
EU may have to supply up to 145 billion in next Greece aid... this is much higher than has been expected .... talk yesterday of a 15 billion dollar black hole... fits with this...

They have to pay it but they are not going to like it
  • #591,367
  • Feb 3, 2012 5:47am Feb 3, 2012 5:47am
follow up on the cancelled meeting Euro finance ministers are to meet when there is clarity on Greek PSI deal.... no clarity...no meeting
  • #591,368
  • Feb 3, 2012 5:47am Feb 3, 2012 5:47am
You don't suppose the Rat reads the threads on this forum... Nah, I'm hallucinating! Just some Greek news.
  • #591,369
  • Feb 3, 2012 5:48am Feb 3, 2012 5:48am
took long profits right on the top at 1.3185 and will fade strength up to 1.3250 with smaller shorts, lets see what market will do...

NFP was not very important in last 6 months, but i think this one will lead the way.....esp equties are in big euphory in overshoot levels without single correction, so bad number a lot below expectation may cause some selloff..

especially im bit awared of Bens last FOMC and low rates till 2014 - i hope this didnt have connection with upcoming NFP

anyway range trading still in play for now with quite good possibility of market getting direction after nfp - good number can mean massive rally to 1.34 - 1.35 levels because of bunch SLs above 1.3250 - all above means aggressive breakout buying with tight SL - anything below - fading strength

also take care about headlines about greek stuff
  • #591,370
  • Feb 3, 2012 5:51am Feb 3, 2012 5:51am
hi everyone new to this forum been viewing for about 3 mo. love all the info and im wondering why I have not signed up sooner! Am short at .70 by the way...
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #591,371
  • Feb 3, 2012 5:53am Feb 3, 2012 5:53am
Quoting freedom48
before we break 83 level will try to buy on deeper places lets see if

EDIT: IF SO 60-70 level could be a nice one before buying hope so..)
hmm maybe a good place to reenter buy for € on 58

Edit : I took it the formation tells me that this is a step for new daily hihgs ( however steps are also many times broken )
" Accepting losses is the most important single investment devise "
  • #591,372
  • Feb 3, 2012 5:58am Feb 3, 2012 5:58am
there were to many tp, at 3185.

i hope it wont switch now
  • #591,373
  • Feb 3, 2012 6:00am Feb 3, 2012 6:00am
Quoting mercy seat
Partial adjustments at 1.31711 and 1.31681 ...

Done ...




;-|

http://www.forexfactory.com/images/m...ading_dark.gif

Covered 75% of prev. entries at 1.3159 ...

Profit stops for the rest of positions ...

Time 12h52 CET




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #591,374
  • Feb 3, 2012 6:00am Feb 3, 2012 6:00am
Quoting mercy seat
Partial adjustments at 1.31711 and 1.31681 ...

Done ...




;-|

http://www.forexfactory.com/images/m...ading_dark.gif

lol ya , then your scenario is we will go south from now on?
" Accepting losses is the most important single investment devise "
  • #591,375
  • Feb 3, 2012 6:02am Feb 3, 2012 6:02am
Quoting Tellerton
First off: there's no "hunting" involved (as if the Rat didn't know where they were!). It's actually stop RUNNING.

...and I can add this:

If you think you're fooling anyone by using a mental stop, it's probably for naught. If your broker's the busy little beaver, they've formed a statistical model which delivers an expected stop level for accounts not using stops. They will make it available to the Rat.

And of course, the Rat knows your margin point + take profit.
  • #591,376
  • Feb 3, 2012 6:04am Feb 3, 2012 6:04am
Quoting freedom48
lol ya , then your scenario is we will go south from now on?
Well ...

Timing is a very important point in trading ...

I would tend to say it is a little late now ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #591,377
  • Feb 3, 2012 6:08am Feb 3, 2012 6:08am
Quoting mercy seat
Well ...

Timing is a very important point in trading ...

I would tend to say it is a little late now ...




;-|
Maybe later ... in case of pop up much higher again ...

Maybe then you get another chance for this kind of trading stance ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #591,378
  • Feb 3, 2012 6:08am Feb 3, 2012 6:08am
Quoting mercy seat
Well ...

Timing is a very important point in trading ...

I would tend to say it is a little late now ...




;-|
for sure... today morning I took this PA from 3136 and get out from 3183... but my secenario was to take it again from deeper place and already took it from 58 but your trigger alarm forces me back to stay out.. cause a big trigger can end with 100 pip moves and my indic ator gaves me also the trigger signal but your pointing of a big trigger forces me to think twice before staying on buy position
" Accepting losses is the most important single investment devise "
  • #591,379
  • Feb 3, 2012 6:13am Feb 3, 2012 6:13am
Quoting Tellerton
...and I can add this:

If you think you're fooling anyone by using a mental stop, it's probably for naught. If your broker's the busy little beaver, they've formed a statistical model which delivers an expected stop level for accounts not using stops. They will make it available to the Rat.

And of course, the Rat knows your margin point + take profit.
Yes ... right ... they know where the major stops are sitting ...

Yes - they know who and they know where and they know how much ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #591,380
  • Feb 3, 2012 6:20am Feb 3, 2012 6:20am
Quoting mercy seat
Yes ... right ... they know where the major stops are sitting ...

Yes - they know who and they know where and they know how much ...





;-|
hi guys,

just keep in mind that for retail brokers are your stoplosses not important, because they are completely unable to move with eur/usd even for 5 pips

SL hunting on eur/usd can be done(and is) by major top tier banks and some second tier banks like socgen etc....and is done by whole G10 department - that means by couple of fx spot traders cos everyone has their own limits for positions
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