Short entry triggered, game on.
, i trade twice a day , i look in 1H swing move , i've closed my position look again NY and next week. happy week end you and family
- #38,521
- Aug 10, 2012 4:01am Aug 10, 2012 4:01am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
, i trade twice a day , i look in 1H swing move , i've closed my position look again NY and next week. happy week end you and family
- #38,526
- Aug 10, 2012 6:57am Aug 10, 2012 6:57am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #38,527
- Aug 10, 2012 7:02am Aug 10, 2012 7:02am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #38,528
- Aug 10, 2012 7:12am Aug 10, 2012 7:12am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #38,529
- Aug 10, 2012 8:00am Aug 10, 2012 8:00am
- Joined Nov 2008 | Status: Trader | 50,214 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #38,530
- Aug 10, 2012 8:05am Aug 10, 2012 8:05am
nice game Grins
happy week end you and family
Grins
"The more I practice the luckier I get." Gary Player
- #38,536
- Aug 10, 2012 9:36am Aug 10, 2012 9:36am
It's Friday! Low liquidity brings the zombie traders out and their HFT pets, be careful out there. I'm done trading for the week but I'd like to thank TAH and Emmanuel for their help and attention this week. You guys are terrific and I appreciate your dedication to this thread and us. 
Beware the Friday Zombie Traders!!
Beware the Friday Zombie Traders!!
"The more I practice the luckier I get." Gary Player
- #38,540
- Edited 12:29pm Aug 10, 2012 10:06am | Edited 12:29pm
Ow... I got hit with -30 pips on GU....
And also -25p on EU...
Did I do wrong here, or just one of those days? :/
If you look at almost all of the candles from yesterday as price continued to go down they where candles with spikes down.
Normally you would think that these candles are clearing demand on the way down.
What they in fact do is clearing supply at each level, ie they are longing at each of these levels. What further builds trust into that theory, is
that almost all of the down candles are all met with an up candle. And yet price drops. Is it because they canīt hold price up ?. I think not.
So that when price finally reaches where they want it to be, price shoots up like a rocket, because there is no supply left at any level to stop it, since it has already been consumed.
Now the tricky part is to know where that level is. No one knows of course - but Gu most of the times likes to double bottom or top. So taking any order at such levels is more risky.
Hope this helps.
Anyway it was a great move from the shenegans who planned and executed this move.
Regards,
H.
"The future is already written in the past"