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  • #802,701
  • May 29, 2013 9:21am May 29, 2013 9:21am
Quoting zaphy
{quote} Norm is a 'price' (expressed as a number or as a fib level or a retracement level...) while a mofu is a range..where something often happens. A price will never become a mofu...it can become part of the range. But to answer the question, sure, price can go up and down and make a norm part of a mofu in the future. I don't think in this case, your original 'norm' would be related to the mofu. HTH

tell me more, i am interested in learning this "mofu/ norm" concept? is there a book or a indicator i could read?
those who can, do. those who cant, talk about those who can
  • #802,702
  • May 29, 2013 9:23am May 29, 2013 9:23am
Quoting KiwiTrada
{quote} forex market is always moving, especially 1 second after you enter trade
Oh I know that feeling... been there before! lol.... it's like the market cant move unless I am in a trade and then boom it starts moving opposite my position. Still remember those yucky moments.
In other news: A ranger was trapped between a bull and a bear
  • #802,703
  • May 29, 2013 9:24am May 29, 2013 9:24am
Something to look out for ? Watch out Bears ........
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Fools Rushing
  • #802,704
  • May 29, 2013 9:24am May 29, 2013 9:24am
Quoting Riskee
This is how I see it ......Three failures are enough for the market to continue it's direction.....but in the end no body really knows , so trade the technicals {image}

Dont forget the three failures at the bottom as well
  • #802,705
  • May 29, 2013 9:27am May 29, 2013 9:27am
Quoting gatorinla
{quote} tell me more, i am interested in learning this "mofu/ norm" concept? is there a book or a indicator i could read?
Inserted Video
Patience is a virtue...
  • #802,706
  • May 29, 2013 9:27am May 29, 2013 9:27am
Quoting gatorinla
{quote} tell me more, i am interested in learning this "mofu/ norm" concept? is there a book or a indicator i could read?

Different words but what Gat is saying is where she/he expects price to run and go up or down (Price can be read if you know what you are reading - Some people believe market does what it does but it works in a cycle, when it hits one R its supposed to get to a specific S despite it bouncing of other S's it will reach a specific S then be supported etc).... price goes in a cycle if you can read the fractals, this week because Monday's holiday screwed up the norm but it still went to the fractal... i was expecting as per earlier posts 1.2941 to be the bottom and by Friday 1.23070 but because Monday screwed us up and we didn't hit our area for short.... when we got down to 1.2841 i thought myself that shorters could take control... should have stuck to what the fractals/ larger ones suggested
  • #802,707
  • May 29, 2013 9:28am May 29, 2013 9:28am
Quoting sophiaphia
only reason I am swing trading this pair here since last week is the H4 Kumo cloud. we had not been near the H4 Kumo since early May, just steady down trend.On the 22nd we entered the by now very large kumo...gives a lot of sharp reactions both ways while stuck in the cloud. some nice swing trades.the H4 candle is going for a close above and out of the Kumo, but now it's thin...not as interesting. so this swing trade is the last one until it gets interesting again on the H4
interesting: here first time to close H4 candle completely over the Kumo cloud, since May 8th.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #802,708
  • May 29, 2013 9:37am May 29, 2013 9:37am
1.3 getting closer for TP.
one more bull spike to take out 2977?
----- Dragonfly out in the sun you know what I mean, don't you know
  • #802,709
  • May 29, 2013 9:37am May 29, 2013 9:37am
Quoting Taigen
... It seems that most of these posts are long termers and I was wondering if there were any short term traders or daily traders around here. Most of the analysis I've read does not apply to me. Just curious.
Most of the people trade short term here. Both short term to mid can work but in a certain market conditions. Euro dollar is pure heaven for intraday traders atm, but six month ago it was a swingers paradise - one is not better then the other it is a matter of what is good for you and how you can use it in your trading to gain some $$$. Simple eh?
swing it!
  • #802,710
  • May 29, 2013 9:38am May 29, 2013 9:38am
Quoting RussJ
{quote} Different words but what Gat is saying is where she/he expects price to run and go up or down (Price can be read if you know what you are reading - Some people believe market does what it does but it works in a cycle, when it hits one R its supposed to get to a specific S despite it bouncing of other S's it will reach a specific S then be supported etc).... price goes in a cycle if you can read the fractals, this week because Monday's holiday screwed up the norm but it still went to the fractal... i was expecting as per earlier posts 1.2941...
sometimes halfway also account for the final goal ... I often call the memory of Pair..in the last half
  • #802,711
  • May 29, 2013 9:39am May 29, 2013 9:39am
Quoting gatorinla
{quote} tell me more, i am interested in learning this "mofu/ norm" concept? is there a book or a indicator i could read?
i thought you have copyright/trademark for Mofu , forgot to register ?
Mohan
  • #802,712
  • May 29, 2013 9:42am May 29, 2013 9:42am
Quoting digiff
{quote} Oh I know that feeling... been there before! lol.... it's like the market cant move unless I am in a trade and then boom it starts moving opposite my position. Still remember those yucky moments.
any trader who says they havnt / dont have them is liars:nerd:

makes you think tho, imagine, study charts over and over, find a nice level to defend, enter, boom it goes against you, shit, do you think you got level wrong, or do you think there are big players also studying charts over and over, find a level, just happens to be same level as you found, "but" not to trade, "but" to trade against in other words, sentiment hunters / traders,
the more a level screams out enter enter, the better chance there is an ani spike, oh pa will most likely go the way it was screaming, but wicky leggy bs is like lawn mower, we are just one blade of grass, players mow the lawns, wicky leggy grass, put mower away, take catcher to bank, and hunt next "sentiment level" over and over it happens

I think key is find your level, wait for lawn mower to finish (wicky leggy pa) then have a go what you reckon
If you are new to Forex? Say Goodbye to your account!!
  • #802,713
  • May 29, 2013 9:43am May 29, 2013 9:43am
Quoting sophiaphia
{quote} interesting: here first time to close H4 candle completely over the Kumo cloud, since May 8th.

is 2832 near a line/ma in that cloud?
those who can, do. those who cant, talk about those who can
  • #802,714
  • May 29, 2013 9:44am May 29, 2013 9:44am
Quoting gatorinla
{quote} tell me more, i am interested in learning this "mofu/ norm" concept? is there a book or a indicator i could read?
I thought you don't read trading books. I can send you a book of the collected posts (40000ish) of a guy, can't recall the name, something like gatorinla. If the explanation I gave is wrong then I am sorry for misleading the OP...it is my understanding. Would appreciate to be corrected, should anyone have a more precise description of those concepts.
  • #802,715
  • May 29, 2013 9:48am May 29, 2013 9:48am
Quoting zaphy
{quote} I thought you don't read trading books. I can send you a book of the collected posts (40000ish) of a guy, can't recall the name, something like gatorinla. If the explanation I gave is wrong then I am sorry for misleading the OP...it is my understanding. Would appreciate to be corrected, should anyone have a more precise description of those concepts.
upload to rapidshare and send me the link, I'm interested, because I lost my copy.

Thanks in advance.
  • #802,716
  • May 29, 2013 9:51am May 29, 2013 9:51am
Quoting KiwiTrada
{quote} any trader who says they havnt / dont have them is liars:nerd: makes you think tho, imagine, study charts over and over, find a nice level to defend, enter, boom it goes against you, shit, do you think you got level wrong, or do you think there are big players also studying charts over and over, find a level, just happens to be same level as you found, "but" not to trade, "but" to trade against in other words, sentiment hunters / traders,the more a level screams out enter enter, the better chance there is an ani spike, oh pa will most...
post deserves to be framed.
  • #802,717
  • May 29, 2013 9:54am May 29, 2013 9:54am
Quoting zaphy
{quote} I thought you don't read trading books. I can send you a book of the collected posts (40000ish) of a guy, can't recall the name, something like gatorinla. If the explanation I gave is wrong then I am sorry for misleading the OP...it is my understanding. Would appreciate to be corrected, should anyone have a more precise description of those concepts.
I like to have it too please.
it is highly likely that i'm wrong... so dont follow me!
  • #802,718
  • May 29, 2013 9:56am May 29, 2013 9:56am
ES (S&P) Futures lost ground today at 1650 R and lost support @1644and is now around 1640 which is why I went S on EU at 1.2950. USDX is stabilized and found support around 83.5x

Something else is driving it up as EU and ES do not appear to be correlating at the moment.

ES is heading toward that major support area at 1633 (currently 1639.XX) that sisse pointed out last week. I still believe we see EU challenge LOWS for today.
  • #802,719
  • May 29, 2013 9:58am May 29, 2013 9:58am
Quoting Mr Hatch
{quote} upload to rapidshare and send me the link, I'm interested, because I lost my copy. Thanks in advance.
I thought you went through the posts yourself. Anyway, I'd like to have an ack from gator that he is OK with it. I can send you a 'Best of Hutchinson Hatch' if you interested?
edit: before 'I have your attention', it isn't for sale and I made that compilation for my own personal use and study.
  • #802,720
  • May 29, 2013 10:02am May 29, 2013 10:02am
out of respect for norm and a few traders (a big ass crab for 3032 min) here i shorted less then normal... we have not reached 2832 yet. i had to use a wide stop to 2998 + a little...s 2967
those who can, do. those who cant, talk about those who can
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