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  • #819,641
  • Jul 31, 2013 3:18pm Jul 31, 2013 3:18pm
I mentioned 1.3.. taking another look at the chart, HDA's 3080 looks better, maybe a little bit higher for me 3120 or so.. that's IF this is the top.
  • #819,642
  • Jul 31, 2013 3:19pm Jul 31, 2013 3:19pm
Quoting HDA
Price Action is what RULES THE MARKET!!!!!!! PRICE ACTION!!!!! First Lesson - Learn what the Option Expiry Contracts Are for everyday. The market will not move until after the Option contracts expire. So once you know the price levels from the contracts you can play your trading day. If you find that indicators work and tell you what to do, knock yourself out. But - its Price Action that dictates the market. What I'm sharing with you - this information - you will see know it and appreciate it more if you acquire the experience of trading an institutional...
how to know price action without a chart? you can put all volumes and prices in your head with a good memory? or you write them down on paper faster than a chart on screen?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #819,643
  • Jul 31, 2013 3:20pm Jul 31, 2013 3:20pm
NO COMMENT
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MY OPINION NOT FINANCIAL ADVISE
  • #819,644
  • Jul 31, 2013 3:22pm Jul 31, 2013 3:22pm
Quoting attila
I mentioned 1.3.. taking another look at the chart, HDA's 3080 looks better, maybe a little bit higher for me 3120 or so.. that's IF this is the top.
3080 is just about the POC (point of control) of the TPO (time price opportunity) profile of recent years that euro has been traded. if you hold positions long enough you will be there.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #819,645
  • Jul 31, 2013 3:25pm Jul 31, 2013 3:25pm
Quoting ffleo
{quote} 3080 is just about the POC (point of control) of the TPO (time price opportunity) profile of recent years that euro has been traded. if you hold positions long enough you will be there.
also you need to have a deep pocket so you do not go broke if the market go against you for some time.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #819,646
  • Jul 31, 2013 3:27pm Jul 31, 2013 3:27pm
Quoting ffleo
{quote} 3080 is just about the POC (point of control) of the TPO (time price opportunity) profile of recent years that euro has been traded. if you hold positions long enough you will be there.
31165 is also the middle of a main cluster I have here.. I have to re run something when I get the time.. things change slightly as more ticks come online.
  • #819,647
  • Jul 31, 2013 3:31pm Jul 31, 2013 3:31pm
Quoting attila
{quote} 31165 is also the middle of a main cluster I have here.. I have to re run something when I get the time.. things change slightly as more ticks come online.
needs to drop below 3250 to enter that cluster.. otherwise we're looking at 3400.. that's where we're pointing this very moment... tomorrow is the ecb stuff rumored to be dovish as well..
  • #819,648
  • Jul 31, 2013 3:37pm Jul 31, 2013 3:37pm
Quoting attila
{quote} 31165 is also the middle of a main cluster I have here.. I have to re run something when I get the time.. things change slightly as more ticks come online.
today daily range is 135 pips and we hit resistance at 3345. of course there would be tons sell orders at 3345.
we have support at 3300 and 3235
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #819,649
  • Jul 31, 2013 3:37pm Jul 31, 2013 3:37pm
Cehennemin dibine kadar yolun var formasyonu...
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  • #819,650
  • Edited 4:16pm Jul 31, 2013 3:39pm | Edited 4:16pm
Quoting davidsayli
EUR/USD DAILY CHART If it close under this trend-line today i will add more "sell positions" targetting 1.2950 {image}

Why don't you look your chart again and NOTICE THE DOUBLE BOTTOM at 1.2758.... Which invalidates your trend line bud....

The DB will NOT be complete until 1.34 is breached. Good luck with your trend line and shorting it - you may grab 100 pips or so.... But anyone who has been around long enough in this game knows that a double bottom (especially on a daily chart) is more powerful than a trend line.

Your trend line is in fact now INVALID because it failed to make a LOWER LOW not only once, BUT TWICE!

GL bears.

What you are actually looking at is a pennant with bullish bias confirmed by the double bottom.
  • #819,651
  • Jul 31, 2013 3:40pm Jul 31, 2013 3:40pm
Quoting ffleo
{quote} how to know price action without a chart? you can put all volumes and prices in your head with a good memory? or you write them down on paper faster than a chart on screen?
This is what I'm talking about. Until you have had the exposure, you will then realize that most of what you are doing is not governed by your indicators.

Lets take for example Volume - The volume you get from your broker is just your brokers volume - with an institutional account you are seeing the true volume in the inter banking system.

At the retail level, because the account sizes are small relative to institutional accounts your orders will always be filled.

At the institutional level - different volumes are available at different prices. So lets say I want to sell the EUR 300 YARDS at 1.3300 - but at the time only 100yards are available at the price I will only get 100 yards filled at 1.3300 and the rest will be split up at different yards at different prices. but you have a set target in mind to get out at and you exit when it reaches your target.

But because you see the volumes of YARDS available at different prices you get a good indication of where the money flow is and the option contracts helps you as well in knowing the price levels to watch if you trade the forex.

So there is a lot going on and if your charts and indicators help you to trade and make money, nothing is wrong with that - I'm just sharing with you that Volume and Price action controls the market.

I use to devote a lot of time on here and share everything I know to try and pass on the knowledge, but it is time consuming and it wears me out.

I came back to see the changes to FF and I have two trades running that I shared with some FF traders and some how I just want to see it through with them before I go - They know themselves.

Its over a year since I last posted in here so I did leave and will again. Just sharing and going. I was to stop on Friday past, but I seeing these two trades I shared with some FF traders to the end and then I'm gone.

But - A formal education into the forex is the best advice I can give anyone.
  • #819,652
  • Jul 31, 2013 3:45pm Jul 31, 2013 3:45pm
This thread should be renamed "trading AGAINST the trend"
  • #819,653
  • Jul 31, 2013 3:49pm Jul 31, 2013 3:49pm
Quoting HDA
{quote} This is what I'm talking about. Until you have had the exposure, you will then realize that most of what you are doing is not governed by your indicators. Lets take for example Volume - The volume you get from your broker is just your brokers volume - with an institutional account you are seeing the true volume in the inter banking system. At the retail level, because the account sizes are small relative to institutional accounts your orders will always be filled. At the institutional level - different volumes are available at different...
i do not use indicators. 100% agree with you about price and volume. I have long been interested to know how to get the options data for FX.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #819,654
  • Jul 31, 2013 3:49pm Jul 31, 2013 3:49pm
Quoting Effex
This thread should be renamed "trading AGAINST the trend"

MAYBE YOU SHOULD OPEN A THREAD LIKE THAT NAME//
MY OPINION NOT FINANCIAL ADVISE
  • #819,655
  • Jul 31, 2013 3:51pm Jul 31, 2013 3:51pm
Quoting HDA
Price Action is what RULES THE MARKET!!!!!!! PRICE ACTION!!!!! First Lesson - Learn what the Option Expiry Contracts Are for everyday. The market will not move until after the Option contracts expire. So once you know the price levels from the contracts you can play your trading day. If you find that indicators work and tell you what to do, knock yourself out. But - its Price Action that dictates the market. What I'm sharing with you - this information - you will see know it and appreciate it more if you acquire the experience of trading an institutional...

CHART ??? who need a chart ?? ROFL..

Christopher had a chart, and discovered America instead of India..

He went LONG instead of SHORT//

All the best mate.. !!
  • #819,656
  • Jul 31, 2013 3:52pm Jul 31, 2013 3:52pm
Quoting Effex
This thread should be renamed "trading AGAINST the trend"
lol. mate, how do you define a trend and how long do they last?
  • #819,657
  • Jul 31, 2013 3:54pm Jul 31, 2013 3:54pm
Quoting Piters
{quote} CHART ??? who need a chart ?? ROFL.. Christopher had a chart, and discovered America instead of India.. He went LONG instead of SHORT// All the best mate.. !!
we are not institutional traders, we need a chart.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #819,658
  • Jul 31, 2013 3:55pm Jul 31, 2013 3:55pm
Quoting HDA
Price Action is what RULES THE MARKET!!!!!!! PRICE ACTION!!!!! First Lesson - Learn what the Option Expiry Contracts Are for everyday. The market will not move until after the Option contracts expire. So once you know the price levels from the contracts you can play your trading day. If you find that indicators work and tell you what to do, knock yourself out. But - its Price Action that dictates the market. What I'm sharing with you - this information - you will see know it and appreciate it more if you acquire the experience of trading an institutional...
100% with you power of price action!
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don't predict direction, but dance with flow of water
  • #819,659
  • Jul 31, 2013 3:56pm Jul 31, 2013 3:56pm
Let me break some bad news for you guys.. If you think Price Action mean Candles, you're wrong.
  • #819,660
  • Jul 31, 2013 3:57pm Jul 31, 2013 3:57pm
Quoting pkimnyc
{quote} lol. mate, how do you define a trend and how long do they last?

TRADING ON ONE DIRECTION UNTILL U GET MARGIN BOMB
MY OPINION NOT FINANCIAL ADVISE
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