Anyone see that stop removal last night? | Page 2 | Forex Factory

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Anyone see that stop removal last night?

  • #21
  • Sep 24, 2012 9:21pm Sep 24, 2012 9:21pm
I have no idea what the future brings...

I just saw a trade setup and started buying... And viola... $$ rolls in as everyone short blows out in a capitulation.


This is only smallies playing right now... But damn, I tell you people are idiots... They keep shorting against this steadily rising tide!

That spike there "might" have put in the top. Well know in an hour... Two consolidation cycles required before buying again now because that was a solid higher high in a slow trend.
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  • #22
  • Sep 24, 2012 9:53pm Sep 24, 2012 9:53pm
Quoting MasterGamble
I have no idea what the future brings...

I just saw a trade setup and started buying... And viola... $$ rolls in as everyone short blows out in a capitulation.


This is only smallies playing right now... But damn, I tell you people are idiots... They keep shorting against this steadily rising tide!

That spike there "might" have put in the top. Well know in an hour... Two consolidation cycles required before obuying again now because that was a solid higher high in a slow trend.
come back to this post a year later and maybe youll understand
  • #23
  • Edited 11:03pm Sep 24, 2012 10:06pm | Edited 11:03pm
Quoting MasterGamble
You think todays markets are perfectly honest nowadays???...
I would argue that stop hunts are not dishonest anyway, the market is about providing liquidity to get everyones orders filled and "stop hunts" do precisely that.

Also some people act as if the guys who put their stops around about the same place are stupid, the reality is when you are exiting a losing trade the optimal stop placement is close to where the stops will be.

- Place the stop too far before the stops and you will get stopped out when the market is not necessarily turning against you.

- Place a stop after the stops is stupid on many levels. The main one's being you can exit at the stops and get back in around the same spot if there is no big spike without the risk or you can exit around the stops and get a better price to enter again if there is a spike
  • #24
  • Sep 25, 2012 12:18pm Sep 25, 2012 12:18pm
Quoting sidhujag
come back to this post a year later and maybe youll understand

or two
  • #25
  • Sep 25, 2012 4:05pm Sep 25, 2012 4:05pm
Well turns out that spike was the top being put in before the stop run. We cracked on the second cycle...

Was an exhausting night. I had to stay awake all the way until US session to capture the runner move... Woot! Wasn't going to let them get away from me.

I kinda realized there was some real momentum behind the pre-eu session move and not just a stop hunt... And it was going to take ages to regain price strength. For some reason I still chased one move into 1.2920 resistance... Cut it for a small loss then patiently waited all night for the runner to properly set up and not worry about missing it...

Remind me to always check my numbers... The numbers are never wrong! Discipline!

And she finally came!!! Transitioned from ranging into trending price action past noon Brussels time and started pushing! BUY HAND OVER FIST! WUAHAHA!!!
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  • #26
  • Sep 25, 2012 4:15pm Sep 25, 2012 4:15pm
There was a certain amount of manipulated price action last night. You can see it in here... Price is spending a LOT of time time trying to press upward while buyers come in fast at the lows. Some big boys were trying to hold the market down for a break of 1.29 but that wasn't happening yet!

When they finally got a little momentum on their side and couldn't break it down on a solid push below 1.29... They FINALLY realized their goose was cooked and the market was not going to go down!

That is my read on last night.
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  • #27
  • Sep 25, 2012 6:16pm Sep 25, 2012 6:16pm
Quoting MasterGamble
There was a certain amount of manipulated price action last night.
How do you know this ?

Quoting MasterGamble
You can see it in here... Price is spending a LOT of time time trying to press upward while buyers come in fast at the lows.
They're coming in fast 'ay ? Seems like a couple of buyer's may be getting momentary heartburn.

Quoting MasterGamble
Some big boys were trying to hold the market down for a break of 1.29 but that wasn't happening yet!
And what's their names ( the big boys) where did you find them and what were they were doing ??

When they finally got a little momentum on their side and couldn't break it down on a solid push below 1.29... They FINALLY realized their goose was cooked and the market was not going to go down!

Quoting MasterGamble
That is my read on last night.

Now it's below 1.29
Is their goose still cooked ?

Just wondering (sounds delicious, by the way).

PLZ let us know the hottest goose on the menu.


THX
When the Joker is in the deck.. fear not and play it well
  • #28
  • Last Post: Sep 25, 2012 8:53pm Sep 25, 2012 8:53pm
Their goose got cooked in that runup cycle!

They went tapioca then the EUR/USD went down for fundamental reasons during mid/late US session.

The US market breaking down shifted sentiment fundamentally toward risk off and back toward the dollar.

Going to be around four days before US markets are in a retracement cycle and supportive of the EUR/USD again... If they don't crash, that is... LoL!
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