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  • #695,841
  • Sep 21, 2012 5:37am Sep 21, 2012 5:37am
They are good at clearing SL's
COT: The precious data ignored
  • #695,842
  • Sep 21, 2012 5:37am Sep 21, 2012 5:37am
Quoting PipTrapper
Look at it this way. Is the market overbought or oversold?
overbought to me, for a month already...
  • #695,843
  • Sep 21, 2012 5:37am Sep 21, 2012 5:37am
A potential trap I'm watching for.

Trend line traders will look to buy the retest but the real demand levels are lower (exactly where the stops are).
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  • #695,844
  • Sep 21, 2012 5:39am Sep 21, 2012 5:39am
Quoting mercy seat
SETUP since ASIAN SESSION!



2012-09-20_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-38 # E31 (NA)

A Range trading setup ...

Elliott points still further down ... but Elliott is not everything ...

Position Trades Bias (+2) still in neutralized mode ...

First down ... then up ... then down again ...

Another wave down to 1.2952 - 1.2936 expected at first or even to below 1.2906 in case of an extention ...

In case of hold and reverse...
Hello traders!

Hello To European Session and NY Session Ahead!




Quick survey for the EUR/USD based on latest rollover-open ...





2012-09-20_23h45 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-38 # E31 (NA)






As you can see ... a renewed neutral stance as well again ...

It is not bullish!

Okay?

Therfore sell all the rallies now ...

Elliott points down towards 1.2914 ...

From below 1.3172 ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #695,845
  • Sep 21, 2012 5:40am Sep 21, 2012 5:40am
Quoting tirmizi
as soon as ny session open fall will begin massive fall i am buckling up for sky dive
So far, you are the winner. If this goes all the way to 2880, I'll be your dog
  • #695,846
  • Sep 21, 2012 5:41am Sep 21, 2012 5:41am
Quoting divak
ok, so what is the trap at present moment?

make believe it will go down?
I think it is a side effect here. There is only point to trick market if they are really heavily one sided.

Just big leverage bank's algos competing against each other (different timeframes), getting fast in and out.
They think they are smarter than I am.
  • #695,847
  • Sep 21, 2012 5:41am Sep 21, 2012 5:41am
Quoting forex_J
So far, you are the winner. If this goes all the way to 2880, I'll be your dog
hahahaahahhaha
  • #695,848
  • Sep 21, 2012 5:43am Sep 21, 2012 5:43am
Quoting forex_J
So far, you are the winner. If this goes all the way to 2880, I'll be your dog
  • #695,849
  • Sep 21, 2012 5:45am Sep 21, 2012 5:45am
will touch 1.30123 big money jumps in after that go up
  • #695,850
  • Sep 21, 2012 5:45am Sep 21, 2012 5:45am
Quoting aeternum
so you are just gambling?
yes i am gambling with logic and probabilities and you call it trading

what you call stop loss, i call it "fold"
what you call session over lap, i call it "changing hand"

what you call spike up down, i call it "raising the "pot"

what you call adding, i call it "betting"

what you call over bought/sold, i call is "forced betting"

what you call its real move, i call it "showing hand" and revealing the hidden cards in the poker whether its bluff or real

got some idea

trading/gambling i was once expert poker player

find any similarities ???
Learning Requires Failure
  • #695,851
  • Sep 21, 2012 5:46am Sep 21, 2012 5:46am
Quoting Mr.Kruger
www.youtube.com/watch?v=5LvLn9PWln8
You can remain irrational longer than you can remain solvent.
  • #695,852
  • Sep 21, 2012 5:47am Sep 21, 2012 5:47am
Quoting tirmizi
yes i am gambling with logic and probabilities and you call it trading

what you call stop loss, i call it "fold"
what you call session over lap, i call it "changing hand"

what you call spike up down, i call it "raising the "pot"

what you call adding, i call it "betting"

what you call over bought/sold, i call is "forced betting"

what you call its real move, i call it "showing hand" and revealing the hidden cards in the poker whether its bluff or real

got some idea

trading/gambling i was once expert poker player

find...
very nicely put.
  • #695,853
  • Sep 21, 2012 5:48am Sep 21, 2012 5:48am
Quoting tirmizi
yes i am gambling with logic and probabilities and you call it trading

what you call stop loss, i call it "fold"
what you call session over lap, i call it "changing hand"

what you call spike up down, i call it "raising the "pot"

what you call adding, i call it "betting"

what you call over bought/sold, i call is "forced betting"

what you call its real move, i call it "showing hand" and revealing the hidden cards in the poker whether its bluff or real

got some idea

trading/gambling i was once expert poker player

find any similarities...
Turmaz is back!!!!!!
You can remain irrational longer than you can remain solvent.
  • #695,854
  • Sep 21, 2012 5:50am Sep 21, 2012 5:50am
going short and hoping for eur/usd to go back to its 1.292ish
  • #695,855
  • Sep 21, 2012 5:52am Sep 21, 2012 5:52am
I'm really wondering if it's a real move down or just a squeeze before heading back to the top.

Annoying PA
COT: The precious data ignored
  • #695,856
  • Sep 21, 2012 5:53am Sep 21, 2012 5:53am
Quoting pkimnyc
very nicely put.
yes traders and gamblers both lose sometimes!

but odd should be on our side to be profitable in the end!!
Learning Requires Failure
  • #695,857
  • Sep 21, 2012 5:53am Sep 21, 2012 5:53am
Quoting kuroro001
I'm really wondering if it's a real move down or just a squeeze before heading back to the top.

Annoying PA
you reflect my worries

I'll wait and see if it goes down to 1.300 and how it will behave once there
  • #695,858
  • Sep 21, 2012 5:55am Sep 21, 2012 5:55am
Quoting divak
overbought to me, for a month already...
lol. Okay yes it has been overbought for a month according to the die hard bears (and I am one of them). However, now we are at major technical resistance on many fronts and a topping pattern has started. In a topping pattern in a market that is still net short, the reversal is not V-shaped. Instead it ranges a bit at the top. While it is in the bottom cycle of a topping range, quite often there will be many short positions in play with stops just above the next resistance above, but below the major resistance.

At this point a market maker can issue a bid large enough to start tripping stop losses. The stop losses act as additional buy orders which drive (spike) the price back up to major resistance (or just past it) where the same market maker has waiting offers.

It's not that simple and it does take many pages to properly explain the whole theory behind how it works, but this should give you an idea.

This YouTube video should get you started on your hunt for knowledge in this area... Enjoy.

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #695,859
  • Sep 21, 2012 5:56am Sep 21, 2012 5:56am
Quoting kuroro001
I'm really wondering if it's a real move down or just a squeeze before heading back to the top.

Annoying PA
i think 3046 is mid of this current move down, traders might have taken fresh short positions + its FRYday, either bulls or bear will fried today
Learning Requires Failure
  • #695,860
  • Sep 21, 2012 5:56am Sep 21, 2012 5:56am
From 1.30000
Today's high = 1.30465 =+46.5
Today's low = 1.29540 =-46.0
and now heading back to 1.30000

If Ardabil was aiming this symmetry it's an art.
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