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  • #853,541
  • Nov 16, 2013 2:28am Nov 16, 2013 2:28am
Quoting attila
{quote} Who knows... Maybe because 3487 is a potential trend reversal level on the weekly chart... It was up all day long to begin with.. {image} Other than that, pure PA on the 5 minutes chart around it.. {image} Also, some levels on the daily chart.. Wait, I must be repeating these.. I'm sure they've been covered already by the thread's numbers machine gun. {image} And H4 is still in a box so far.. {image}
Hi Attila

Are you still trading the Volman's method?
Wherever you go, there you are.
  • #853,542
  • Nov 16, 2013 7:28am Nov 16, 2013 7:28am
Quoting priceaction1
keep one tick chart or what ever fit in your trading method, with your trading plate form. it will help full to identify the direction of money flow. price and volume are the only indicators which can be used for trading decision, though true total volume can not be known either!!!! all other indicators are by product of price and time. so price is always ahead of indicators. try to use those Indi that are not price dependant. (if any!!) over leverage and stop loss kills. master one set up and stick on it, use your own analysis, don't fallows others...
Wise advice. Actually, you can use a lot of price independent indicators: Astrology, I-Ching, Tarot, Runic bone, crystal ball, etc.
Don't blame the tools. Blame the carpenter.
  • #853,543
  • Nov 16, 2013 7:42am Nov 16, 2013 7:42am
Quoting DareXau
{quote} What's so astonishing in it ??? ... Euro was at that price level many times before as well as in much higher & lower levels too. {image} http://www.scotiafx.com
The Yen data is particularly interesting given how it completely retraced last week's bear rally on EJ. Glad I took profit when I did on that one....tempted to short it again at this level but it doesn't fit in my trading plan so perhaps I'm being a little greedy.
  • #853,544
  • Nov 16, 2013 7:45am Nov 16, 2013 7:45am
Quoting KecoaKecil
{quote} Wise advice. Actually, you can use a lot of price independent indicators: Astrology, I-Ching, Tarot, Runic bone, crystal ball, etc.
so "moral of the story" no indicator!!!! for price action trader, remember "price action" is a one trading method. as there are so many others and I respect all (don't want to start any kind of fight!!) . I have crystal ball, shown in 853583 post, It show me the future direction after 20,000 lot trading open secret!!! enjoy.
don't predict direction, but dance with flow of water
  • #853,545
  • Nov 16, 2013 7:47am Nov 16, 2013 7:47am
Quoting milam
{quote} Hi Attila Are you still trading the Volman's method?
Hi. I don't know. What's the Volman's method?
  • #853,546
  • Nov 16, 2013 7:57am Nov 16, 2013 7:57am
Quoting lovesuccess
I will celebrate when the f.. euro hits the ground with an ice cold beer!!!!
The tax man's taken all my dough,
And left me in my stately home,
Lazing on a sunny afternoon
And I can't sail my yacht,
He's taken everything I've got,
All I've got's this sunny afternoon

Save me, save me, save me from this squeeze
I got a big fat mama trying to break me
And I love to live so pleasantly,
Live this life of luxury,
Lazing on a sunny afternoon
In the summertime
In the summertime
In the summertime

My girlfriend's run off with my car,
And gone back to her ma and pa,
Telling tales of drunkenness and cruelty
Now I'm sitting here,
Sipping at my ice cool beer,
Lazing on a sunny afternoon

Help me, help me, help me
  • #853,547
  • Nov 16, 2013 8:39am Nov 16, 2013 8:39am
Simple way to find the trend!!!! green = major impulsive trend, Black = major corrective, (trend in corrective action, Blue = minor impulsive, Orange = minor corrective.)

rule of thumb price move in the direction of main trend like "rubber band" move and corrective action is like crawling.

1.3520 to 1.3550 area is to watch.
If we consider 3 drive move than 1.3050-1.3000 area is to watch.

But trade in "now" time frame. with strong MM.
Attached Image (click to enlarge)
Click to Enlarge Name: main trand..GIF Size: 76 KB
don't predict direction, but dance with flow of water
  • #853,548
  • Nov 16, 2013 8:49am Nov 16, 2013 8:49am
I think i found a trade on Sliver:
1-Long Sliver, 20.6X Stop 19.90 target 26.00 ( Risk Reward : 1:5.4)
2-Long Sliver 18.50 Stops 17.50 Target 26.00 , 28.00 (Risk Reward 1:7.5)

* I just added the chart, just in case someone interested on the WHY?
Attached Image (click to enlarge)
Click to Enlarge Name: Sliver.PNG Size: 52 KB
"It's the Margin, Stupid."
  • #853,549
  • Nov 16, 2013 9:06am Nov 16, 2013 9:06am
Hi priceaction1. Is that some kind of indicator?

I am waiting for Monday's open with a BEARISH bearing (see image 15mm)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-oanda-division1.png Size: 126 KB
  • #853,550
  • Nov 16, 2013 9:30am Nov 16, 2013 9:30am
Quoting Kanzler
{quote} The Yen data is particularly interesting given how it completely retraced last week's bear rally on EJ. Glad I took profit when I did on that one....tempted to short it again at this level but it doesn't fit in my trading plan so perhaps I'm being a little greedy.
After you took profit and one day later hit my target 131.20

Nov target zone for E/J, subject to E/U and U/J

Attached Image (click to enlarge)
Click to Enlarge Name: Ken EJ Mid term target zone.JPG Size: 47 KB
  • #853,551
  • Nov 16, 2013 9:33am Nov 16, 2013 9:33am
Quoting Ken A
{quote} After you took profit and one day later hit my target 131.20 Nov target zone for E/J, subject to E/U and U/J {image}
Where was your entry and risk zone on that long?
  • #853,552
  • Nov 16, 2013 9:46am Nov 16, 2013 9:46am
Quoting tommmaso
Losing trade today...Anyone has a reasonable explanation why price went up in EUR/USD from 12:00 GMT+1 on?
It was the news about China Reforms. The direct impact on that was hard selling on USD/JPY and the impact EUR/USD went up.
  • #853,553
  • Nov 16, 2013 9:47am Nov 16, 2013 9:47am
I need little help because I have OCD disease and My English is not very well.
Is this mean lack of vitamin B12 may be responsible for OCD? => the possibility that the B12 deficiency could be the consequence rather than the cause of OCD are suggested.
-milkeyway
  • #853,554
  • Nov 16, 2013 9:47am Nov 16, 2013 9:47am
Quoting Kanzler
{quote} Where was your entry and risk zone on that long?
119.x and buy stops at 124.00
  • #853,555
  • Nov 16, 2013 10:08am Nov 16, 2013 10:08am
Quoting Ken A
{quote} 119.x and buy stops at 124.00
You must be trading on the daily charts, we haven't been at 119 for a while haha.
  • #853,556
  • Nov 16, 2013 10:18am Nov 16, 2013 10:18am
Quoting Kanzler
{quote} You must be trading on the daily charts, we haven't been at 119 for a while haha.
Actually Weekly for those positions though I have intraday as well. Correction, it wasn't 119.xx but 120.xx. That one and those some from 101.xx were accidentally closed in the moment of panics when Berlusconi won the vote and E/J declined -600 pips in one stroke.
  • #853,557
  • Nov 16, 2013 10:21am Nov 16, 2013 10:21am
Hi all,

Done up a brief studies on how Market news affected Price action and causing currencies to decouple from it's fundamentals - for subject: EUR/USD.

Suggestions for improvement welcomed, much appreciated.

TITLE:
MARKET NEWS (RISK SENTIMENTS) DICTATES PRICE ACTION, AND OBSERVING FUNDAMENTALS COULD PRESENT GOOD RISK:REWARD OPPORTUNITY.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB



Disclaimer:
-NEWS TIMELINE & DETAIL MIGHT NOT BE ACCURATE, OR BRIEF AT BEST, AND DATE DIFFERENCE MIGHT BE DUE TO TIMEZONE DIFFERENCES.
- CURRENT FUNDAMENTAL STRENGTH is calculated by computing the results of fundamental data of the associated currency, with strength graded based on (1) if over or below market consensus / forecast, (2) if data is over or below it's 36months average, (3) if data is over or below market benchmark / or CB defined benchmark or (4) combination of either factors.
- CURRENT BASE STRENGTH is calculated by computing set of fundamental data of the associated currency, with data from up to 2008 is weighted by 3 months average vs 12months average vs 36months average, using the same weighting criteria as Current Fundamental Strength. Its formula is derived on Early October 2013, therefore the limited data history.
  • #853,558
  • Nov 16, 2013 10:23am Nov 16, 2013 10:23am
Quoting Ken A
{quote} Actually Weekly for those positions though I have intraday as well. Correction, it wasn't 119.xx but 120.xx. That one and those some from 101.xx were accidentally closed in the moment of panics when Berlusconi won the vote and E/J declined -600 pips in one stroke.
You have a lot more patience than I do, I get most of my entries on the M30/M5 and hold them for a couple weeks max. Although I'll enter a daily/weekly level if it's really nice.
  • #853,559
  • Nov 16, 2013 10:32am Nov 16, 2013 10:32am
Quoting Kanzler
{quote} You have a lot more patience than I do, I get most of my entries on the M30/M5 and hold them for a couple weeks max. Although I'll enter a daily/weekly level if it's really nice.
I have separate accounts for mid to long term and intraday sometimes scalping. I have been watching this thread from last year and hats off to those who can make fast pips from smaller charts. If they can take advantage only 25% of M1 chart can imagine the number of pips they make everyday.

It is easier on larger chart and forget all the daily noises long as it has pulled away 200-300 pips from BE most likely it will run and fundamentally supported due to Abe policy to raise inflation. Don't get this opportunity everyday though. There's value added being on the long side is the positive swaps.
  • #853,560
  • Nov 16, 2013 10:36am Nov 16, 2013 10:36am
Quoting Ken A
{quote} I have separate accounts for mid to long term and intraday sometimes scalping. I have been watching this thread from last year and hats off to those who can make fast pips from smaller charts. If they can take advantage only 25% of M1 chart can imagine the number of pips they make everyday. It is easier on larger chart and forget all the daily noises long as it has pulled away 200-300 pips from BE most likely it will run and fundamentally supported due to Abe policy to raise inflation. Don't get this opportunity everyday though. There's...
Hey, can you please help me for the post http://www.forexfactory.com/showthre...57#post7094457
-milkeyway
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