- #58,883
- Sep 12, 2013 1:48am Sep 12, 2013 1:48am
{quote} That's the big problem, in July PVRSA show MMs were Bears on GBP/JPY and GBP/USD. - 6000 pips drawdown on GJ - on GU the price never fell
One reason i was skeptical about taking any short EU and GU trade
The USD has been weak..
It is possible to make large sums trading, small losses, large wins
- #58,884
- Sep 12, 2013 2:13am Sep 12, 2013 2:13am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
This has my attention and UJ has now closed its retail gap from the weekend....I did take a 1 unit buy at LO, but I'd like to see a pull back into a Higher Low to move to a 2 unit buy...... PS I could do with some input from LF on this Andrews PF.... {image}
I got busy......earlier, I was looking for +$20 again, but the higher tick volume in the green large spinning top ~S 1 suggested that it was better to take what was on offer - and I did. BFN
PS I bought GbpUsd off its third test of its DP
Trading Levels with WRBs
- #58,885
- Sep 12, 2013 2:25am Sep 12, 2013 2:25am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #58,887
- Sep 12, 2013 2:54am Sep 12, 2013 2:54am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
{quote} I got busy......earlier, I was looking for +$20 again, but the higher tick volume in the green large spinning top ~S 1 suggested that it was better to take what was on offer - and I did. BFN PS I bought GbpUsd off its third test of its DP {image}
While I was study it I have found that usually you are doing entries the same time as I see confirmation form volumes.
For example today. At 1m chart I am doing analyzing of volumes by next algorithm (for shorts):
1-Price went down below Dragon
2-Movement confirmed by high tick activity
3-Tick volumes going down
4-On balance volume (OBV) crossed middle level of its 60M range
Profit should be fixed when OBV went out of its range, ticks slowed down and we get some kind confirmations from PA (touched levels, formed pin bars etc)
Here i matched 2 posible trades, and they are the same as yours.
Everything is possible!!! Step by Step...
- #58,888
- Sep 12, 2013 2:59am Sep 12, 2013 2:59am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #58,889
- Sep 12, 2013 3:04am Sep 12, 2013 3:04am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Everything is possible!!! Step by Step...
- #58,890
- Sep 12, 2013 3:17am Sep 12, 2013 3:17am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} Hello I am also using Armada Markets. I still have a test account. - less than 500£. I have made one withdrawal it was processed fast. So far too early to tell because I am their client less than 1 month
Whatever is obvious is obviously wrong!"
- #58,892
- Sep 12, 2013 3:22am Sep 12, 2013 3:22am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} Every indicator can be used when you know how exactly it can be used and why do you use it.
What Tah will tell about that? He has own story for those garbage indicators.Almost every indicator tells truth afterwards
but not PVSRA, it shows the truth presently.
Whatever is obvious is obviously wrong!"
- #58,893
- Sep 12, 2013 3:27am Sep 12, 2013 3:27am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
{quote}
Everything is possible!!! Step by Step...
UJ Analysis: Two hours left before US unemployment claims and we are currently testing the price gap a second time. MM's may use this bounce to push price higher to run a final round of shorting and use news to break through. Expecting lots of price manipulation and whipsaws as they try to assume all the liquidity by shaking traders out. We can see that they've already screwed the first round of traders with the false price gap break. Still too early IMHO for a break. But nothing to fear when SL is not here 
.
-qFish
. -qFish
insanity: Doing the same thing over... and expecting different results -AE
- #58,895
- Sep 12, 2013 3:55am Sep 12, 2013 3:55am
- Joined Aug 2013 | Status: So sorry for always replying late! | 506 Posts
{quote} Hello I am also using Armada Markets. I still have a test account. - less than 500£. I have made one withdrawal it was processed fast. So far too early to tell because I am their client less than 1 month
All right
I hope you don't mind adding you to my buddies list, I'll check later about the situation with this company ... Ezz So sorry for always replying late! But I got 2 Jobs!!
- #58,896
- Edited 5:14am Sep 12, 2013 4:27am | Edited 5:14am
I want to add some more theory about chart analysis.
Here we go. As you can see it's current 1m chart of EU. After I made a picture price made a new high and is now testing support of a breakout.
I want to say that when you see price in range making higher lows and effort to drop the price is lost (meaning some significant volume was involved), when every downward reversal fails to make a new low it's possible that the breakout will happen. You should watch what price is doing after the support lines are touched, if the price easily break-through or reverse and close of the lows. I believe that opposite is called distribution.
Here we go. As you can see it's current 1m chart of EU. After I made a picture price made a new high and is now testing support of a breakout.
I want to say that when you see price in range making higher lows and effort to drop the price is lost (meaning some significant volume was involved), when every downward reversal fails to make a new low it's possible that the breakout will happen. You should watch what price is doing after the support lines are touched, if the price easily break-through or reverse and close of the lows. I believe that opposite is called distribution.
Pips in Wonderland
- #58,897
- Sep 12, 2013 4:47am Sep 12, 2013 4:47am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
UJ Analysis: Two hours left before US unemployment claims and we are currently testing the price gap a second time. MM's may use this bounce to push price higher to run a final round of shorting and use news to break through. Expecting lots of price manipulation and whipsaws as they try to assume all the liquidity by shaking traders out. We can see that they've already screwed the first round of traders with the false price gap break. Still too early IMHO for a break. But nothing to fear when SL is not here
I'm waiting with my UJ shorts, because the last gap is not filled yet and there is a one gap more. So I hope they gonna fill it too
Whatever is obvious is obviously wrong!"
I want to add some more theory about chart analysis. Here we go. As you can see it's current 1m chart of EU. After I made a picture price made a new high and is now testing support of a breakout. {image} I want to say that when you see price in range making higher lows and effort to drop the price is lost (meaning some significant volume was involved), when every downward reversal fails to make a new low it's possible that the breakout will happen. You should watch what price is doing after the support lines are touched, if the price easily break-through...
Here the EU dropped in 1 minute to touch the support and fail to follow making a spring with high volume showing that buyer were present. Spring is a breakthrough of a support line which fails, closing well of the lows, preferably with noticeable volume meaning buyers were present. The opposite is called upthrust. Remember that it happens on support/resistance lines or at channel demand/supply lines. There is also possible testing of this level. Always look what next candles/bar do to know how the market is responding to current situation.
Pips in Wonderland
{quote}
Pips in Wonderland