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EURUSD

  • #675,541
  • Aug 5, 2012 7:04pm Aug 5, 2012 7:04pm
it looks like a big player just loaded up on shorts to me
  • #675,542
  • Aug 5, 2012 7:04pm Aug 5, 2012 7:04pm
1:
Quoting pkimnyc
breakouts in asia = low volume = usually trap moves.
2:
Quoting RWalker
There is probably a good sized chunk of trapped bear left over from Friday. Someone might be having bear for dinner.

Wait a minute, 1 & 2 = ah soooo...

interesting
  • #675,543
  • Aug 5, 2012 7:05pm Aug 5, 2012 7:05pm
Quoting Inphi
It's probably just a shakeout of last week's debacle.
or a stop hunt in session. It suspiciously penetrated Resistance as easily as it went back down.
I'm not adept of conspiracy things such as the bear-trapping stories, but i see things like that i really wonder...
Who is dumb enough to move the market that much and get stuck?

50bps out of nowhere. Only a monkey can do that.
  • #675,544
  • Aug 5, 2012 7:05pm Aug 5, 2012 7:05pm
Quoting granty
it looks like a big player just loaded up on shorts to me
How so?
  • #675,545
  • Aug 5, 2012 7:06pm Aug 5, 2012 7:06pm
Quoting divak
i hate these shitty moves, always touch SL for nothing. Just because some monkey just mixed up buy and sell buttons in an obscure bank
the bear at 1.24 earlier was not strong enough apparently, it needed a stronger rejection, it went up looking for 1.2440 on an unexpected breakout at this kind of hour, claimed to be covering for eur/aud ? lol..

A fat bear camp from 1.2440 pushes price down. Price on eur/usd and aud/usd is knocking me off my technical as well. It's always asking for more upside when u think of reversal.
  • #675,546
  • Aug 5, 2012 7:06pm Aug 5, 2012 7:06pm
Quoting divak
i hate these shitty moves, always touch SL for nothing. Just because some monkey just mixed up buy and sell buttons in an obscure bank
The one who ate your sl and many others is laughing
New voice message: Why are you calling me? If I need you, I'll call you!
  • #675,547
  • Aug 5, 2012 7:12pm Aug 5, 2012 7:12pm
Quoting KillerWhale
The one who ate your sl and many others is laughing
not today, but i got owned a lot in the past.
Now, any position i enter, i put 200bps SL.

Now if EURUSD wants to get me, it's gonna have to move its big ass

I find it good, as it obliges me to have very very conservative money management; and at the same time i avoid the shitty ranges,bumps and feed myself both ways if needed
  • #675,548
  • Aug 5, 2012 7:13pm Aug 5, 2012 7:13pm
Quoting pip_trader
How so?
a huge spike in volume sucking the price up and spitting it back down again almost instantly
  • #675,549
  • Aug 5, 2012 7:15pm Aug 5, 2012 7:15pm
Quoting granty
a huge spike in volume sucking the price up and spitting it back down again almost instantly
what volume? you mean interbank hogwash.
  • #675,550
  • Aug 5, 2012 7:15pm Aug 5, 2012 7:15pm
Quoting divak
not today, but i got owned a lot in the past.
Now, any position i enter, i put 200bps SL.

Now if EURUSD wants to get me, it's gonna have to move its big ass

I find it good, as it obliges me to have very very conservative money management; and at the same time i avoid the shitty ranges,bumps and feed myself both ways if needed
200 pip sl is not necessary, to many resistances in the way.
My sl was 15 pips, Now be + 8
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  • #675,551
  • Aug 5, 2012 7:16pm Aug 5, 2012 7:16pm
Quoting tomspin
Alright buddy, if it works for you than fine, I never fire my trade unless it is confirmed by candle at sup & res - it is a very simple concept which most don't see,

I agree that s+r of many origins is very important. I also pay a tremendous amount of attention to tl's and ew's and even to news (taken with a large grain of salt). The only problem I have with candles is that most of the time they only confirm - they don't predict.
  • #675,552
  • Aug 5, 2012 7:16pm Aug 5, 2012 7:16pm
Quoting granty
a huge spike in volume sucking the price up and spitting it back down again almost instantly
the market this past 2 months is just pointless. Bernanke farts, it moves by 50bps. Draghi is coughing, moves by 100.

Some unknown economists says BS on BBG or WSJ, then it moves a lot.
2h later, people have forgotten

Then u wonder why the global economy is such a mess today...
  • #675,553
  • Aug 5, 2012 7:17pm Aug 5, 2012 7:17pm
Quoting KillerWhale
200 pip sl is not necessary, to many resistances in the way.
My sl was 15 pips, Now be + 8
Sure, but i just meant i got owned and sometimes lost a lot on these stupid bumps that dont materialize into any clear trend.
Now, im safe from these
  • #675,554
  • Aug 5, 2012 7:19pm Aug 5, 2012 7:19pm
Quoting RWalker
I agree that s+r of many origins is very important. I also pay a tremendous amount of attention to tl's and ew's and even to news (taken with a large grain of salt). The only problem I have with candles is that most of the time they only confirm - they don't predict.
note this. no one can predict the market. period. not even with ew.
  • #675,555
  • Aug 5, 2012 7:20pm Aug 5, 2012 7:20pm
Quoting divak
the market this past 2 months is just pointless. Bernanke farts, it moves by 50bps. Draghi is coughing, moves by 100.

Some unknown economists says BS on BBG or WSJ, then it moves a lot.
2h later, people have forgotten

Then u wonder why the global economy is such a mess today...
What do you mean with bps?
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  • #675,556
  • Aug 5, 2012 7:21pm Aug 5, 2012 7:21pm
Quoting KillerWhale
What do you mean with bps?
sorry, pips. Work habit.
(bp = basis points for the newbies, used for rates, yields, some prices, bond quotes, etc...)
  • #675,557
  • Aug 5, 2012 7:22pm Aug 5, 2012 7:22pm
Quoting divak
sorry, pips. Work habit.
lol, ok
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  • #675,558
  • Aug 5, 2012 7:26pm Aug 5, 2012 7:26pm
Quoting RWalker
I agree that s+r of many origins is very important. I also pay a tremendous amount of attention to tl's and ew's and even to news (taken with a large grain of salt). The only problem I have with candles is that most of the time they only confirm - they don't predict.
Greed, fear and uncertainty is coded in candles, all fundamental news are represented on our charts by candles - shadows show us hesitation and full bodies mesure buyer's/seller's commitment in the market. I respect all kind of trading and I don't say that only one method is right, that's just silly. Could you describe shortly the way you determine your entry & exit???
swing it!
  • #675,559
  • Aug 5, 2012 7:27pm Aug 5, 2012 7:27pm
good morning ,

as usual i am little late for party, now waiting on fence

did any news backed that move or just Stops ?
Mohan
  • #675,560
  • Aug 5, 2012 7:29pm Aug 5, 2012 7:29pm
Quoting mohan76
good morning ,

as usual i am little late for party, now waiting on fence

did any news backed that move or just Stops ?
Yeah, you already missed most of the pips for this week.
But good morning
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