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  • #676,201
  • Aug 6, 2012 11:59am Aug 6, 2012 11:59am
Yes they change the candle configuration in the last seconds. They do that many times. Yes, I use candles a lot, but only when I figured s/r is in place.. The candles lie a lot when they are not at significant levels. And it's not one candle. It's always a group that can give you clues.. Look at m5 now.. It came down, then it bullish engulfed, then it spinned, and now it can't make a LL.. What does that tell you. The market is undecided (at least) if not turning..
Quoting RWalker
This re-opens a question about candles that came up last night.

I watched as the candle closing at noon EST was being completed (mainly because of a comment you made) in basically the last two and a half minutes. In that short time the candle could have become a doji, an inverted hammer, or nothing special. In those last 150 secs, someone made sure it wasn't a doji by pushing the price up far enough (150 secs prior to where it might have risen) for it to have a body... but a small body.

Now, as I am watching the current candle being formed,...
  • #676,202
  • Aug 6, 2012 12:00pm Aug 6, 2012 12:00pm
Quoting RWalker
This re-opens a question about candles that came up last night.

I watched as the candle closing at noon EST was being completed (mainly because of a comment you made) in basically the last two and a half minutes. In that short time the candle could have become a doji, an inverted hammer, or nothing special. In those last 150 secs, someone made sure it wasn't a doji by pushing the price up far enough (150 secs prior to where it might have risen) for it to have a body... but a small body.

Now, as I am watching the current candle being formed,...
Walker mate I am just confused and you must explain me something,
What I understood is that in your view candles in forex or any other market are use everyday by those big hedge funds and banks just to confuse us is that correct? furthermore how much money you have to drop on the market to push price let's say 5 pips?
swing it!
  • #676,203
  • Aug 6, 2012 12:01pm Aug 6, 2012 12:01pm
Quoting attila
Yes they change the candle configuration in the last seconds. They do that many times. Yes, I use candles a lot, but only when I figured s/r is in place.. The candles lie a lot when they are not at significant levels. And it's not one candle. It's always a group that can give you clues.. Look at m5 now.. It came down, then it bullish engulfed, then it spinned, and now it can't make a LL.. What does that tell you. The market is undecided (at least) if not turning..
or maybe you Attila, I just don't get it and wish to know what's that mean
swing it!
  • #676,204
  • Aug 6, 2012 12:03pm Aug 6, 2012 12:03pm
arrogant - "Having or revealing an exaggerated sense of one's own importance or abilities".

Kind of like talking about how many years one has been doing something and putting down others that are new to it.

Hmmm, let's see.
  • #676,205
  • Aug 6, 2012 12:03pm Aug 6, 2012 12:03pm
Maybe it'll be a stupid question but I would like to ask... We have 4th Eliot Wave now?
  • #676,206
  • Aug 6, 2012 12:03pm Aug 6, 2012 12:03pm
Quoting attila
Yes they change the candle configuration in the last seconds. They do that many times. Yes, I use candles a lot, but only when I figured s/r is in place.. The candles lie a lot when they are not at significant levels. And it's not one candle. It's always a group that can give you clues.. Look at m5 now.. It came down, then it bullish engulfed, then it spinned, and now it can't make a LL.. What does that tell you. The market is undecided (at least) if not turning..

Hmm. That'll take a little while to digest.

Thank you.
  • #676,207
  • Aug 6, 2012 12:04pm Aug 6, 2012 12:04pm
Quoting attila
Yes they change the candle configuration in the last seconds. They do that many times. Yes, I use candles a lot, but only when I figured s/r is in place.. The candles lie a lot when they are not at significant levels. And it's not one candle. It's always a group that can give you clues.. Look at m5 now.. It came down, then it bullish engulfed, then it spinned, and now it can't make a LL.. What does that tell you. The market is undecided (at least) if not turning..
Might be because its finding support in that rising trendline that started from 1.2348. At least that's where I'm buying from.
  • #676,208
  • Aug 6, 2012 12:04pm Aug 6, 2012 12:04pm
Quoting tomspin
or maybe you Attila, I just don't get it and wish to know what's that mean
sorry, what's the question?
  • #676,209
  • Aug 6, 2012 12:04pm Aug 6, 2012 12:04pm
Quoting attila
09 now...
I can see on 1 H a nice berish candle -af course did not close under 09 but very close - are you take-ing in consideration shorts ?
  • #676,210
  • Aug 6, 2012 12:05pm Aug 6, 2012 12:05pm
Quoting Iro
Might be because its finding support in that rising trendline that started from 1.2348. At least that's where I'm buying from.
I don't know if I would buy, but I would not sell after the market becomes undecided after a drop..
  • #676,211
  • Aug 6, 2012 12:07pm Aug 6, 2012 12:07pm
Quoting Emilpl
Maybe it'll be a stupid question but I would like to ask... We have 4th Eliot Wave now?
according to me , yes ... which is something i advise you not to count on me for anything , i risk my money and i don't mind losing it - but i can't really cause someone else to lose his
"It's the Margin, Stupid."
  • #676,212
  • Aug 6, 2012 12:09pm Aug 6, 2012 12:09pm
Quoting attila
I don't know if I would buy, but I would not sell after the market becomes undecided after a drop..
Buy a small lot and don't risk - if it worked out you got a piece of the action, if not then you can blame yourself for listening to me , and vow not to listen to anyone no matter what ..
"It's the Margin, Stupid."
  • #676,213
  • Aug 6, 2012 12:09pm Aug 6, 2012 12:09pm
Quoting attila
sorry, what's the question?
Who is manipulating candles mate, my world has changed I always thought they represent what is going on with freely moving 3 trillion $ market,
swing it!
  • #676,214
  • Aug 6, 2012 12:13pm Aug 6, 2012 12:13pm
Quoting tomspin
Who is manipulating candles mate, my world has changed I always thought they represent what is going on with freely moving 3 trillion $ market,
Nobody, I think.. Even though I said "they".. Candles represent the the sentiment of the market.. Many times they get changed the last second.. Many times they don't.. Think about it.. Let's say H1 is dropping slowly and it's ready to bearish engulf the previous candle.. What could happen, as it drops it finds a heavy buy right underneath that sends it up.. Does it mean it was manipulated? I don't believe so. It's just what may happen on the lower time frames that makes it change on a dime..

That's the reason we always have to wait for closes. If more aggressive one can drop to the lower TFs and try to figure out what the PA there will do to the higher TF..
  • #676,215
  • Aug 6, 2012 12:18pm Aug 6, 2012 12:18pm
Quoting fxkiller
you newbees here will not understand that.. that only this world means lot for traders..

now you may find this post funny or will not understand it, but if stay long-term in fx like me for over 6 yrs now, u will get that point..

[b][color=darkred]1. Forex = Forgein Currency exchange, we all know that! But it is not trading! Trading is the work, what we do, but market it selfs is an exchange. As i said, most of you think or beleive, that this is fight between traders or you against the...
Good point !





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #676,216
  • Aug 6, 2012 12:18pm Aug 6, 2012 12:18pm
Quoting attila
Nobody, I think.. Even though I said "they".. Candles represent the the sentiment of the market.. Many times they get changed the last second.. Many times they don't.. Think about it.. Let's say H1 is dropping slowly and it's ready to bearish engulf the previous candle.. What could happen, as it drops it finds a heavy buy right underneath that sends it up.. Does it mean it was manipulated? I don't believe so. It's just what may happen on the lower time frames that makes it change on a dime..

That's the reason we always have to wait for closes....
I've noticed that on the 8 AM candle before NY open.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #676,217
  • Aug 6, 2012 12:21pm Aug 6, 2012 12:21pm
Quoting droox
Besides following my trading plan i should learn something else : to ignore what this forum post .

I lost a great profit opportunity at 1,2350 when entering long everybody was yelling to sell , and it was an obvious bullish momentum but decided to exit at 1,2380
thats a good decision
Pecunia non olet
  • #676,218
  • Aug 6, 2012 12:22pm Aug 6, 2012 12:22pm
Quoting tomspin
Walker mate I am just confused and you must explain me something,
What I understood is that in your view candles in forex or any other market are use everyday by those big hedge funds and banks just to confuse us is that correct? furthermore how much money you have to drop on the market to push price let's say 5 pips?

First Q: because I have read FF threads occasionally and comments like Attila makes, I've gone from thinking candles were a crutch devised to help traders who weren't able to extract pa from noise or visualize complex relationships and a crutch with a defect: if the sampling offsets shifted relative to price movements (ie: move the time base, and candles form completely different patterns) ===> to thinking I missed something, and the position of the time base is an important part of what it's all about.

I've read comments by Attila, Cloggie and others who wonder how a candle will end!!! I used ignore them... now I take them seriously and yes, I really do think someone is causing this - I just don't know if it's intentional!

As to the size of bets made by retail traders: I believe it is wrong to confuse the size of a bet that is made with the amount of money that is lost. Banks may be running yards of ccy in and out of positions but their trading expenses are very low. You have run a lot of ccy thru to wave price around, but at the end of the day, your take from retail may be very large compared to winnings from other large players. That is just an opinion, but it implies they do care.
  • #676,219
  • Aug 6, 2012 12:22pm Aug 6, 2012 12:22pm
Quoting Kamui
I've noticed that on the 8 AM candle before NY open.
Oh, ny open ( and I mean nyse open here) is an animal in itself. They fake it, shake it and bake it until the ny boys get in place.. First half hour is a mess, normally. Sometimes an hour.. Then you have the move of the day until lse close, and then they let it slide the other way, and then there's one more move until nyse closes..
  • #676,220
  • Aug 6, 2012 12:30pm Aug 6, 2012 12:30pm
It's just sitting on 09 with 4 undecided candles on m15. Could drop if it want's to, but it could also go up. That's why I didn't like a trade at this level..
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