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  • #28,481
  • Mar 5, 2013 1:16pm Mar 5, 2013 1:16pm
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 1:18pm Mar 5, 2013 1:18pm
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 1:19pm Mar 5, 2013 1:19pm
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 1:21pm Mar 5, 2013 1:21pm
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 1:29pm Mar 5, 2013 1:29pm
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 1:29pm Mar 5, 2013 1:29pm
An Idea...............
Attached Image
The More You Learn, The More You Earn.....
  • #28,487
  • Mar 5, 2013 1:32pm Mar 5, 2013 1:32pm
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 1:33pm Mar 5, 2013 1:33pm
50 pip drop in EJ..........
The More You Learn, The More You Earn.....
  • #28,489
  • Mar 5, 2013 1:33pm Mar 5, 2013 1:33pm
Quoting forexalien
50 pip drop in EJ..........
Just kidding ,...........Got Cha...........!
The More You Learn, The More You Earn.....
  • #28,490
  • Mar 5, 2013 1:35pm Mar 5, 2013 1:35pm
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 1:36pm Mar 5, 2013 1:36pm
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 12:26pm Mar 5, 2013 1:38pm | Edited Mar 6, 2013 12:26pm
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 1:39pm Mar 5, 2013 1:39pm
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 1:40pm Mar 5, 2013 1:40pm
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 1:41pm Mar 5, 2013 1:41pm
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 1:43pm Mar 5, 2013 1:43pm
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 1:43pm Mar 5, 2013 1:43pm
1900 pages.. not bad .not bad............
The More You Learn, The More You Earn.....
  • #28,498
  • Mar 5, 2013 1:46pm Mar 5, 2013 1:46pm
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 1:47pm Mar 5, 2013 1:47pm
Quoting forexalien
1900 pages.. not bad .not bad............
Thanks for your contributions from the outer space. Cheers!
daddybearforex. com
  • #28,500
  • Mar 5, 2013 1:48pm Mar 5, 2013 1:48pm
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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