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  • #28,481
  • Mar 5, 2013 11:16am Mar 5, 2013 11:16am
Quoting pkimnyc
Bottom is dictated by market makers, not by tredlines.
The Forex markets are not stock markets. MMs have no way to decide the bottoms or the tops.
daddybearforex. com
  • #28,482
  • Mar 5, 2013 11:18am Mar 5, 2013 11:18am
Quoting DaddyBear
The Forex markets are not stock markets. MMs have no way to decide the bottoms or the tops.
K
  • #28,483
  • Mar 5, 2013 11:19am Mar 5, 2013 11:19am
Quoting pkimnyc
Bottom is dictated by market makers, not by tredlines.
I guess you cannot read ADX well, interpreting the Candles without taking other factors into considerations may lead a trader to a premature conclusion.

http://www.forexfactory.com/attachme...1&d=1362510766
daddybearforex. com
  • #28,484
  • Mar 5, 2013 11:21am Mar 5, 2013 11:21am
Quoting Mr. Scott
Just something to watch, as it bounced off tl first time.

http://www.forexfactory.com/attachme...1&d=1362510599
I think we saw the same thing at the same time and came to this forum at the same moment.
daddybearforex. com
  • #28,485
  • Mar 5, 2013 11:29am Mar 5, 2013 11:29am
IF I read my daily chart correctly, I'd say the surge since last night could be the wave IV. As such, the bottom has not in place until the wave V is completed.

Quoting DaddyBear
I guess you cannot read ADX well, interpreting the Candles without taking other factors into considerations may lead a trader to a premature conclusion.

http://www.forexfactory.com/attachme...1&d=1362510766
daddybearforex. com
  • #28,486
  • Mar 5, 2013 11:29am Mar 5, 2013 11:29am
An Idea...............
Attached Image
The More You Learn, The More You Earn.....
  • #28,487
  • Mar 5, 2013 11:32am Mar 5, 2013 11:32am
Quoting DaddyBear
IF I read my daily chart correctly, I'd say the surge since last night could be the wave IV. As such, the bottom has not in place until the wave V is completed.
The reason we've got a surge was because most people took the minor lower DTL seriously but ignored the major one below.

http://www.forexfactory.com/attachme...1&d=1362510766
daddybearforex. com
  • #28,488
  • Mar 5, 2013 11:33am Mar 5, 2013 11:33am
50 pip drop in EJ..........
The More You Learn, The More You Earn.....
  • #28,489
  • Mar 5, 2013 11:33am Mar 5, 2013 11:33am
Quoting forexalien
50 pip drop in EJ..........
Just kidding ,...........Got Cha...........!
The More You Learn, The More You Earn.....
  • #28,490
  • Mar 5, 2013 11:35am Mar 5, 2013 11:35am
Quoting DaddyBear
I guess you cannot read ADX well, interpreting the Candles without taking other factors into considerations may lead a trader to a premature conclusion.

http://www.forexfactory.com/attachme...1&d=1362510766
by the time adx catches up with the price, isn't it usually too late? just asking out of curiosity.

on that note regards to there is no market makers in forex: guess who's doing all the stop hunting work?
  • #28,491
  • Mar 5, 2013 11:36am Mar 5, 2013 11:36am
Quoting forexalien
Just kidding ,...........Got Cha...........!
I just got 15 pips with 4 contracts tho............
The More You Learn, The More You Earn.....
  • #28,492
  • Edited Mar 6, 2013 10:26am Mar 5, 2013 11:38am | Edited Mar 6, 2013 10:26am
As to the reading of Candles, I'd say following Westerner's interpretations may not be the only or best way to go. Japan's culture nursed the creation of such a wonderful charting system. Understanding Japanese culture is a must to master the art of Candlesticks.

http://upload.wikimedia.org/wikipedi...dge_in_Edo.jpg
Rice broker in 1820s Japan
Katsushika Hokusai (http://en.wikipedia.org/wiki/Hokusai) (葛飾北斎) (1760–1849)
daddybearforex. com
  • #28,493
  • Mar 5, 2013 11:39am Mar 5, 2013 11:39am
Quoting pkimnyc
by the time adx catches up with the price, isn't it usually too late? just asking out of curiosity.

on that note regards to there is no market makers in forex: guess who's doing all the stop hunting work?
My triple ADX is just bitchen, it tells me when to get in and when to get out..................
Attached Image (click to enlarge)
Click to Enlarge Name: aud 5m adx 7 signs of continuation.JPG Size: 92 KB
The More You Learn, The More You Earn.....
  • #28,494
  • Mar 5, 2013 11:40am Mar 5, 2013 11:40am
Quoting pkimnyc
by the time adx catches up with the price, isn't it usually too late? just asking out of curiosity.

on that note regards to there is no market makers in forex: guess who's doing all the stop hunting work?
ADX is a real time indicator.

I did not say there is no MM in the Forex markets. I said MMs cannot decide the tops or the bottoms in the Forex markets. Please read my messages with a magnifier in case you don't have reading glasses.
daddybearforex. com
  • #28,495
  • Mar 5, 2013 11:41am Mar 5, 2013 11:41am
Quoting forexalien
My triple ADX is just bitchen, it tells me when to get in and when to get out..................
And Multiple Time Frames for larger trends...................
Attached Image (click to enlarge)
Click to Enlarge Name: adx all short.JPG Size: 102 KB
The More You Learn, The More You Earn.....
  • #28,496
  • Mar 5, 2013 11:43am Mar 5, 2013 11:43am
Quoting DaddyBear
ADX is a real time indicator.

I did not say there is no MM in the Forex markets. I said MMs cannot decide the tops or the bottoms in the Forex markets. Please read my messages with a magnifier in case you don't have reading glasses.
of course they do. you might wanna look into it.
  • #28,497
  • Mar 5, 2013 11:43am Mar 5, 2013 11:43am
1900 pages.. not bad .not bad............
The More You Learn, The More You Earn.....
  • #28,498
  • Mar 5, 2013 11:46am Mar 5, 2013 11:46am
Quoting pkimnyc
of course they do. you might wanna look into it.
IMO, MM can do something minor during off peak hours but they have no ability to turn the tides.
daddybearforex. com
  • #28,499
  • Mar 5, 2013 11:47am Mar 5, 2013 11:47am
Quoting forexalien
1900 pages.. not bad .not bad............
Thanks for your contributions from the outer space. Cheers!
daddybearforex. com
  • #28,500
  • Mar 5, 2013 11:48am Mar 5, 2013 11:48am
looks like down from here,opened a sell position
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au daily.png Size: 152 KB
Click to Enlarge Name: au h4.png Size: 141 KB
Click to Enlarge Name: au h1.png Size: 154 KB
Sometimes it's better to be wrong,to learn..
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