What is going on? 135+ pips down an up per 30 minutes!
Everything is possible!!! Step by Step...
- #55,541
- Aug 7, 2013 5:02am Aug 7, 2013 5:02am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
- #55,543
- Aug 7, 2013 5:06am Aug 7, 2013 5:06am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
I enclose two interesting info indicators. The first is the indicators for automatically determining the average entry price. The second is the table that is being updated in the chart and shows all the open positions on all currency pairs and their current status and the breakeven price. {image} {file} {file}
http://www.forexfactory.com/showthre...60#post6642160
http://www.forexfactory.com/showthre...50#post6784350
Everything is possible!!! Step by Step...
GJ: Added first two long scouts.
Profit run from previous Bear Building now entering what I would consider a good position to start building longs. The Bulls MM have pushed priced down below key levels (you can think of it as the tail end of the BEARs profit release). We are also approaching two historic support. First is the 148.28 (currently hit) as prices made a double bottom in the past. The second is the 147 whole number level.
H4 has been really good for sniping GJ lately. I highly recommend it along with the M1 and M15.
Profit run from previous Bear Building now entering what I would consider a good position to start building longs. The Bulls MM have pushed priced down below key levels (you can think of it as the tail end of the BEARs profit release). We are also approaching two historic support. First is the 148.28 (currently hit) as prices made a double bottom in the past. The second is the 147 whole number level.
H4 has been really good for sniping GJ lately. I highly recommend it along with the M1 and M15.
insanity: Doing the same thing over... and expecting different results -AE
- #55,546
- Edited 5:53am Aug 7, 2013 5:28am | Edited 5:53am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} Just insane what is happening in GU right now xD
You can hear the BOE's press conference live - as I am. The BOE handed out at the begining of their conference a 44 page press release, including charts etc, so the initial push was down when the press found a dovish statement - no rates increase etc, then - as they read the documents and the Q&A session started a more hawkish opinion was formed and so up went Cable - helped somewhat by $US selling off.
The Q&A continues, so its almost a full hour now.....and I've pirated a few pips along the way
Trading Levels with WRBs
- #55,547
- Aug 7, 2013 5:29am Aug 7, 2013 5:29am
- | Commercial User | Joined Oct 2012 | 3,968 Posts
{quote} You can hear the BOE's press conference live - as I am. The BOE handed out at the begining of their conference ~50 pages incliding charts etc, so the initial push was down when the press found a dovish statement - no rates increase etc - as they read the documents and the Q&A session started a more hawikish opinion was formed and so up went Cable - helped somwhat by $US selling off. The Q&A continues, so its almost a full hour now.....and I've pirated a few pips along the way
Wow, crazy movements, I fell asleep right before it unfortunately
Jeeez, that's totally insane right there.
- #55,548
- Aug 7, 2013 5:33am Aug 7, 2013 5:33am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} Wow, crazy movements, I fell asleep right before it unfortunately
Trading Levels with WRBs
GJ: Added first two long scouts. Profit run from previous Bear Building now entering what I would consider a good position to start building longs. The Bulls MM have pushed priced down below key levels (you can think of it as the tail end of the BEARs profit release). We are also approaching two historic support. First is the 148.28 (currently hit) as prices made a double bottom in the past. The second is the 147 whole number level. H4 has been really good for sniping GJ lately. I highly recommend it along with the M1 and M15. {image} {image}
Looks like there is still a lot of volatility. May be affected from GU. As GU are BEARS, they could be driving the price up substantially for the final run down. As such, GJ may be affected. Always good to take profit when your level has been reached, especially in high volatile times. I'll wait a little more for the dust to setting before re-entry of GJ. Although I'm in a good position and H4 showing strong signs of reversal, I just feel it's not safe. So staying away. ^.^
insanity: Doing the same thing over... and expecting different results -AE
- #55,550
- Aug 7, 2013 5:39am Aug 7, 2013 5:39am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
TAH, I have a question about Control Panel.
Don't you think there is mistake with showing of Range levels?
Don't you think there is mistake with showing of Range levels?
Everything is possible!!! Step by Step...
- #55,551
- Aug 7, 2013 5:39am Aug 7, 2013 5:39am
- Joined Mar 2011 | Status: I should be on your ignore list | 5,597 Posts
EU: Added 34th short scout. A great drive up by MMs to load up on a tremendous amount of shorts. Note, the price going up is not all MM. MM just pushes it enough so that the market will jump end and do the rest of the work for them. That's why you'll see that gas pedal pushed multiple times. Price stopped again as always and reversing. Why!? Two things. 1. MMs collecting all those buy orders (loading up on shorts). 2. Risk aversion from traders. And the 2nd point is what MMs use to also prevent prices to go to the moon.
insanity: Doing the same thing over... and expecting different results -AE
- #55,553
- Aug 7, 2013 5:44am Aug 7, 2013 5:44am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Everything is possible!!! Step by Step...
- #55,554
- Aug 7, 2013 5:46am Aug 7, 2013 5:46am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #55,556
- Aug 7, 2013 6:01am Aug 7, 2013 6:01am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
{quote} GJ: Closed both scouts for +239 Pips (119.5 pips per trade) Looks like there is still a lot of volatility. May be affected from GU. As GU are BEARS, they could be driving the price up substantially for the final run down. As such, GJ may be affected. Always good to take profit when your level has been reached, especially in high volatile times. I'll wait a little more for the dust to setting before re-entry of GJ. Although I'm in a good position and H4 showing strong signs of reversal, I just feel it's not safe. So staying away. ^.^...
Guys - be careful with selling GBP too hard. The one thing that often changes market sentiment and market direction is a perceived change of posture by a Central Bank and we now need time to see IF this has just happened
Hint - watch the Fibonacci retraces of this huge ID swing...
Trading Levels with WRBs
{quote} Nicely done - you took what was being offered
insanity: Doing the same thing over... and expecting different results -AE
