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  • #867,121
  • Jan 1, 2014 1:03pm Jan 1, 2014 1:03pm
Quoting infinitus
Clearly on the same page with you here
Happy new year man
"It's the Margin, Stupid."
  • #867,122
  • Jan 1, 2014 1:04pm Jan 1, 2014 1:04pm
Quoting mitrapips
{quote} That is a different question. But what do you mean as bet wrong? If you are right about the daily trend but trying to gain from the 15M (hence indiscriminate MM) and get stopped out do you call that betting right about the direction?
yes. some retails get the direction right, but bet with big position and hence tight stop, get constantly stopped out by small market movement temporarily going agaisnt them.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,123
  • Jan 1, 2014 1:06pm Jan 1, 2014 1:06pm
Quoting Baggi
{quote} Still not answering the question I'm asking. No worries, I know it's my fault. Let me try asking another question, perhaps this will assist me in finding the answer I'm looking for. When will these trades start including USD pairs again? I haven't seen any for 23 hours. {image}

How could we have answer your question qualified , when we do not know which broker you chose?

Normally you go to your brokers homepage to look for that answer
  • #867,124
  • Jan 1, 2014 1:07pm Jan 1, 2014 1:07pm
Quoting Vachus
{quote} Happy new year man

Happy New Year to you as well, Vachus.
  • #867,125
  • Jan 1, 2014 1:12pm Jan 1, 2014 1:12pm
Quoting ffleo
{quote} yes. some retails get the direction right, but bet with big position and hence tight stop, get constantly stopped out by small market movement temporarily going agaisnt them.
How come? What if in few weeks time it comes the other way. Then one can say that the trader never got it right in the first place. So whenever you are thinking 'oh man I got it right this time but got stopped out' first define which time frame you got it right at and after that which time period your MM was suitable for. So saying that the trader got the right direction is a bucket of hogwash, imo, but I know what you are implying
The price will go where it has to go.
  • #867,126
  • Jan 1, 2014 1:21pm Jan 1, 2014 1:21pm
i love you all,
hope we have much fun and pips 2014
failure is not an option.
  • #867,127
  • Jan 1, 2014 1:25pm Jan 1, 2014 1:25pm
Quoting infinitus
{quote} Yeah, but how do YOU trade that? I love the tugs of war, because I love range trading. The more wars, the more opportunities in a (often) well defined range
I do not trade consolidations, but when I did, I would trade the BO in the direction of the previous leg, making sure that into the consolidation prices where making HL's and HH"s, I would draw a line as a lid of the consolidation combining the most significant points and monitor each candle below it, I would not enter if the BO was strong, starting the move from the bottom of the consolidation, in those cases I would wait for a test back to the lid, I would prefer a slowly built up to the lid where my average would gently push price above the lid after prices bounced a couple of time between the lid and the average….. Now I have a question for you. What do you think it was happening between the parts in what I described in bold?
Wherever you go, there you are.
  • #867,128
  • Jan 1, 2014 1:39pm Jan 1, 2014 1:39pm
Quoting Vachus
Here is the one million dollar question ... ready , go : If orders with ability to move prices are hiding at / below / above specific places , lines or supply areas or demand ... who's moving the price after the orders were filled or before ? This is the main reasons, illusions of supply & demands, the magic line, candle formations or chart formations or trend lines - doesn't not work. Here is more interesting questions , you might try to answer it : The conventional wisdom is , buy or sell with a confirmation ... if all market participants are...
It doesn't matter who does it first.. Early traders are always punished... for 3 times..
  • #867,129
  • Jan 1, 2014 1:44pm Jan 1, 2014 1:44pm
gewitter suckers..
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failure is not an option.
  • #867,130
  • Jan 1, 2014 1:48pm Jan 1, 2014 1:48pm
have to change your opinion faster than your ugly old wife her pantys in this game.. yo ho ho
failure is not an option.
  • #867,131
  • Jan 1, 2014 1:52pm Jan 1, 2014 1:52pm
Quoting infinitus
{quote} Yeah, but how do YOU trade that? I love the tugs of war, because I love range trading. The more wars, the more opportunities in a (often) well defined range
How do generals use the map and different strategies while waging war? Same thing... The chart is like a map.. There are camps (consolidations), supply lines (distance from the last consolidation to where the price is atm), number of troops (volume), front lines (important levels), decoys (testing levels), misinformation (news rumors), how's the move? slow and steady while securing gained ground, or is it fast stretching the supply lines...and on and on.. same thing..

As to trading inside consolidations.... Everything is a consolidation, even at grand scale..
  • #867,132
  • Jan 1, 2014 1:57pm Jan 1, 2014 1:57pm
Quoting milam
{quote} I do not trade consolidations, but when I did, I would trade the BO in the direction of the previous leg, making sure that into the consolidation prices where making HL's and HH"s, I would draw a line as a lid of the consolidation combining the most significant points and monitor each candle below it, I would not enter if the BO was strong, starting the move from the bottom of the consolidation, i[b]n those cases I would wait for a test back to the lid, I would prefer a slowly built up to the lid where my average would gently push price...

please clarify: what do you mean with "average"


normally, when price retests such a zone, one looks first to the left side of the chart to look, if that zone was consolidating range beforehand. Then one looks, if this consolidating range beforehand was "incline-base-incline-formation" or "decline-base-decline-formation". If you like to go short on a retest of such a zone, the zone should be a "decline-base-decline-formation".

This zones are most of the time zones of imbalance. Qualifier for this are

a) low volume in this zone beforehand
b) little time spent in this zone beforehand
c) when price moved away from this zone beforehand, best would be a gap or a strong move (do not take the trade when the price creeped away from it)

What means "imbalance": simply no or low supply, no or low demand situation



When the zone was no zone of imbalance, but a zone surrounding a POC (zone of balance), situation is a bit more complicated to trade
  • #867,133
  • Jan 1, 2014 2:04pm Jan 1, 2014 2:04pm
35 pip gap down on the open
All posts are my personal opinion
  • #867,134
  • Jan 1, 2014 2:04pm Jan 1, 2014 2:04pm
Quoting attila
{quote} How do generals use the map and different strategies while waging war? Same thing... The chart is like a map.. There are camps (consolidations), supply lines (distance from the last consolidation to where the price is atm), number of troops (volume), front lines (important levels), decoys (testing levels), misinformation (news rumors), how's the move? slow and steady while securing gained ground, or is it fast stretching the supply lines...and on and on.. same thing.. As to trading inside consolidations.... Everything is a consolidation,...

can underline everything you said.

But with the last sentence I have my problems (everything is a consolidation)

you have trends, you have consolidations

but what seems to be a consolidation on one TF might be a trend on a lower TF

what looks like a trend, can be part of a consolidation on higher TF


But when I understand right:

yes, there can not be infinite growth
  • #867,135
  • Jan 1, 2014 2:06pm Jan 1, 2014 2:06pm
Quoting Rtm
35 pip gap down on the open

can not see it

source of that?
  • #867,136
  • Jan 1, 2014 2:07pm Jan 1, 2014 2:07pm
I mentioned today where should one spend 90% of his energy, and the first point was figuring out WHEN do we ENTER consolidations.. This post was right after that long spike into 3900, and look where we are today.. where would you be now if you went crazy short on dec 27th.. This is why figuring this stuff out is more important than any other bull shit that's out there...

Quoting attila
well OK... right now it looks short.. but that doesn't mean anything.. after a spike like this, everybody's confused and it'll take a while (several good days I think) for the market to adjust.. can it continue up? yes, but think about the move it has to develop to maintain today's momentum.. I don't think it's possible without some retrace or a long consolidation in this area.. so I think there's nothing to do for the rest of the month..
find something that will tell you ranging is next.
  • #867,137
  • Jan 1, 2014 2:08pm Jan 1, 2014 2:08pm
Quoting infinitus
{quote} can underline everything you said. But with the last sentence I have my problems (everything is a consolidation) you have trends, you have consolidations but what seems to be a consolidation on one TF might be a trend on a lower TF what looks like a trend, can be part of a consolidation on higher TF But when I understand right: yes, there can not be infinite growth
there are trends inside consolidations, at both small and large scale.. that's what I meant..
  • #867,138
  • Jan 1, 2014 2:10pm Jan 1, 2014 2:10pm
Quoting infinitus
{quote} can not see it source of that?

Your broker may just show a HUGE down bar.
Oanda MT4 :
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All posts are my personal opinion
  • #867,139
  • Jan 1, 2014 2:14pm Jan 1, 2014 2:14pm
Quoting Rtm
{quote} Your broker may just show a HUGE down bar. Oanda MT4 : {image}

no, I am with Dukascopy, and they closed yesterday at 22 GMT the shop @ 3741

so I have in fact a retail-gap-up
  • #867,140
  • Jan 1, 2014 2:14pm Jan 1, 2014 2:14pm
Quoting infinitus
{quote} please clarify: what do you mean with "average" normally, when price retests such a zone, one looks first to the left side of the chart to look, if that zone was consolidating range beforehand. Then one looks, if this consolidating range beforehand was "incline-base-incline-formation" or "decline-base-decline-formation". If you like to go short on a retest of such a zone, the zone should be a "decline-base-decline-formation". This zones are most of the time zones of imbalance. Qualifier for this are a) low volume in this zone beforehand...
Infy

I will answer this later, I really need to run
Wherever you go, there you are.
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