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EURUSD

  • #720,861
  • Nov 22, 2012 7:24am Nov 22, 2012 7:24am
Quoting gatorinla
i got a question.. when someone sells, who buys?
is it you?
  • #720,862
  • Nov 22, 2012 7:27am Nov 22, 2012 7:27am
Quoting gatorinla
i got a question.. when someone sells, who buys?
who is giving u BID feed in mt4 will buy it.
  • #720,863
  • Nov 22, 2012 7:27am Nov 22, 2012 7:27am
Quoting gatorinla
i got a question.. when someone sells, who buys?
what i get from tick chart: (no challenging =no dealing ),we are in uptrend swing and there is no consistent moves (taking profit traders or new buy positions) so in terms of tick and spread you see flatten events but you see suddenly a huugh move(in the scale) it means relative to current volume of the market. some big deals are takeing in place(again taking profit traders or new buy positions )
  • #720,864
  • Nov 22, 2012 7:30am Nov 22, 2012 7:30am
Quoting KiwiTrada
yes agreed, "but" I have been trying to find good support for swissy, may have inverted H&S 4hr her tapping now-+ 10 pip, that hr close was nice little push, now I wait see if her start print a RS i will get chart in minute
this is it actually looks better daily,

pretty ugly really, what you reckon, priciples are ok, she tried twice to go lower but bulls rejected, then the head was formed by last big effort by bears, and rejected, now she is trying the 2nd time right side and I think if holds could be seen as a reasonable trend change pattern, which would send eu lower

but hey she could just crash straight through to the floor, but Im pretty sure SNB will have a little say in stopping that shit
Attached Image (click to enlarge)
Click to Enlarge Name: Swissy 4hr 22 11 2012.jpg Size: 81 KB
If you are new to Forex? Say Goodbye to your account!!
  • #720,865
  • Nov 22, 2012 7:31am Nov 22, 2012 7:31am
Quoting vlady1974
If I was selling, then a SUCKER!!!

Kidding!
just making a point... buyers and sellers are =.. if u hear someone pushing this point beware.
usually someone is just repeating something heard and learned. like some of our ancestors said and repeated. "like the world is flat"...
those who can, do. those who cant, talk about those who can
  • #720,866
  • Nov 22, 2012 7:33am Nov 22, 2012 7:33am
Quoting keradk
ok! now I can short again, like I did last summer...mmmm short again
you will likely have a drawdown. PA didn't hit 2900
Attached Image
  • #720,867
  • Nov 22, 2012 7:38am Nov 22, 2012 7:38am
S/L moved up to 80, not letting the NY f**ker's trim too much off my profit. Once again, thanks London & NY can go swivel
  • #720,868
  • Nov 22, 2012 7:39am Nov 22, 2012 7:39am
Quoting gatorinla
just making a point... buyers and sellers are =.. if u hear someone pushing this point beware.
usually someone is just repeating something heard and learned. like some of our ancestors said and repeated. "like the world is flat"...


One of the things I learned from you in the "useless" group is actually learning to develop your own view of the market.
You're spot on. buyers = sellers so we can only go with what we know, and price will either prove us wrong/right.
There isn't one voodoo formula or formulae that sets a trading plan on fire.
A pip is only worth it if you know how much you risked to earn it
  • #720,869
  • Nov 22, 2012 7:42am Nov 22, 2012 7:42am
Quoting yelena
you will likely have a drawdown. PA didn't hit 2900
Timely recall
  • #720,870
  • Nov 22, 2012 7:43am Nov 22, 2012 7:43am
Quoting vlady1974
But surely you know about support and resistance.
Surely you have an account that is of decent size to support your stops.

Rising, doesn't mean LONG. If the move up has happened and you're flat and price is approaching a significant resistance level, rather than trying to "pick the top", seasoned traders just place a short at or near the level and put in place significant stop losses for the vibration.
For newbies, this is a mind fuck = why would I allow a position to go underwater? etc etc

So in this case, we are certain of the road blocks....
fair enough, I've only been trying my hand at this for a year. Only recently started becoming profitable, but that was patience and discipline issues rather than strategy. I now try to trade only Tues - Thurs, and only during the London morning/lunch session

I get the impression though that many are short biased, with there judgement still being influenced by the ongoing eurozone crisis. Fact is the euro & dollar are both ugly sisters, both as bad as each other when it comes to fundamentals
  • #720,871
  • Nov 22, 2012 7:44am Nov 22, 2012 7:44am
hey guys, now you can sell.. i've bought the top as always!
failure is not an option.
  • #720,872
  • Nov 22, 2012 7:47am Nov 22, 2012 7:47am
Quoting Kilgore T
days like these are tricky, when the other side of the pond is closed. Various species of venomous speculators have an easy job, killing stops and freaking people out.
Why must you look at it that way. Why not look at it like the market is hitting Take profits
  • #720,873
  • Nov 22, 2012 7:50am Nov 22, 2012 7:50am
Quoting gatorinla
i got a question.. when someone sells, who buys?
hi
for more than once I thought about it ...
if I sell .. until my stop loss is reached I'ma buyer ... correct me if I'm wrong in my thinking ...
  • #720,874
  • Nov 22, 2012 7:59am Nov 22, 2012 7:59am
Quoting chess king
hi
for more than once I thought about it ...
if I sell .. until my stop loss is reached I'ma buyer ... correct me if I'm wrong in my thinking ...
yep.. there is no way to know.. who is doing what.. a short on exit is a buy. and vice verse. one way that some brokers use is retail interest verse institutional. the retail are more likely to be on the wrong side.
those who can, do. those who cant, talk about those who can
  • #720,875
  • Nov 22, 2012 8:00am Nov 22, 2012 8:00am
Quoting bennyblanco
fair enough, I've only been trying my hand at this for a year. Only recently started becoming profitable, but that was patience and discipline issues rather than strategy.

I get the impression though that many are short biased, with there judgement still being influenced by the ongoing eurozone crisis. Fact is the euro & dollar are both ugly sisters, both as bad as each other when it comes to fundamentals
I'd say Benny, ignore everyone else. If you have a process and pays, who's to say you're wrong. Everything else is just noise.

Having said that:

If everyone is short, despite the fundamentals - then those who have consistent reasoning are probably the ones whose brain you want to pick. I mean, just 3 days ago everyone was wanting to sell expecting the price to tank to 1.26XX. I think this is because they see a Fib indicator and they just think well it HAS to go there. Well it doesn't. Price moves of its own accord.

I for one, have now fully accepted Support and Resistence levels combined with timeframes. My reason for shorting @ 1.2887 is due to a midpoint of a big bear move on the daily and 4H and I think it will form a cup and handle. I'm not short on bias though as I've been longing this beast all week.

Gator's concept of elastic band price movements is a really good concept to understand.... price doesn't move in straight lines. Something I picked up from Cloggie (years ago now) is that price has a memory, so I tried trading with naked price action only.... had some success using Breakout strategies to exploit this idea. Top and bottom pickers, well I've lost so much money trying to predict this... but I'll give you a £1000 strategy: "look to the left. If there's empty space, it's probably a trigger". Figure it out... this has made me money.

Ok. I'll stop waffling now. Lunch.
A pip is only worth it if you know how much you risked to earn it
  • #720,876
  • Nov 22, 2012 8:03am Nov 22, 2012 8:03am
Inserted Video
  • #720,877
  • Nov 22, 2012 8:07am Nov 22, 2012 8:07am
pound is getting pounded
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  • #720,878
  • Nov 22, 2012 8:12am Nov 22, 2012 8:12am
12PM Hourly Low 1.28736 needs to be taken out if this is gonna retrace.
A pip is only worth it if you know how much you risked to earn it
  • #720,879
  • Nov 22, 2012 8:12am Nov 22, 2012 8:12am
Quoting 21vs7
http://www.youtube.com/watch?v=JGstHASo1t4

hahahah love this one ) LOL
Loosening is not an option
  • #720,880
  • Nov 22, 2012 8:13am Nov 22, 2012 8:13am
Quoting KiwiTrada
pound is getting pounded
yep stuck on daily pivot line
Loosening is not an option
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