Why does price make a pullback after a break? | Page 2 | Forex Factory

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Why does price make a pullback after a break?

  • #21
  • Feb 5, 2014 2:25pm Feb 5, 2014 2:25pm
Quoting JoeNY
I will start with my usual.... I'm not trying to be a dick but.... These types of post are the reason why I'm losing interest in being a part of this trading forum. Pure rubbish! Find a better trading style...adapt... There are plenty of clear signals each and every session to enter trades with minimum risk. I have minimum experience and find them all the time. I can only imagine how many entries the pros find everyday. Seriously find a better way to trade. There's money to be made.... SCREEN TIME - SCREEN TIME - SCREEN TIME.... did I mention screen...

no true if you can range trade it helps forget about using some turtle crap they traded over 20 markets different markets only a few trended.
  • #22
  • Feb 5, 2014 2:32pm Feb 5, 2014 2:32pm
Quoting enoc2g
{quote} no true if you can range trade it helps forget about using some turtle crap they traded over 20 markets different markets only a few trended.
What is your level of trading? Actually are you profitable or not?
SPC * Swollen PocketZ Crew!
  • #23
  • Feb 5, 2014 2:50pm Feb 5, 2014 2:50pm
Quoting JoeNY
{quote} What is your level of trading? Actually are you profitable or not?
no joe no good, up and down, i trade breakouts i had some really good months when it went to target any kind of chop and im pretty much screwed. im trying now to use the ranges more to tighten up my stops its helping a bit to slow down the losses i gotta see how it pans out. When things were going good for me i was up over 100 percent for about 6 months. then it collapsed range bound for me is no good, trying to tweak it to handle it better.
  • #24
  • Feb 5, 2014 2:52pm Feb 5, 2014 2:52pm
Quoting enoc2g
{quote} no joe no good, up and down, i trade breakouts i had some really good months when it went to target any kind of chop and im pretty much screwed. im trying now to use the ranges more to tighten up my stops its helping a bit to slow down the losses i gotta see how it pans out. When things were going good for me i was up over 100 percent for about 6 months. then it collapsed range bound for me is no good, trying to tweak it to handle it better.

here is what happened to me last night thank you fxcm for the 15 pip spread.
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  • #25
  • Feb 5, 2014 2:53pm Feb 5, 2014 2:53pm
Quoting enoc2g
{quote} no joe no good, up and down, i trade breakouts i had some really good months when it went to target any kind of chop and im pretty much screwed. im trying now to use the ranges more to tighten up my stops its helping a bit to slow down the losses i gotta see how it pans out. When things were going good for me i was up over 100 percent for about 6 months. then it collapsed range bound for me is no good, trying to tweak it to handle it better.
We all collapse. That's how we learn.. I will PM you something helpful to view on this site...Stand by,...
SPC * Swollen PocketZ Crew!
  • #26
  • Feb 5, 2014 2:55pm Feb 5, 2014 2:55pm
Quoting enoc2g
{quote} here is what happened to me last night thank you fxcm for the 15 pip spread. {image} {image}
You know that crap happens but not often enough to hurt performance. Tight stops take care of that. Give me a few... will pm
SPC * Swollen PocketZ Crew!
  • #27
  • Feb 5, 2014 2:56pm Feb 5, 2014 2:56pm
Quoting Magix
{quote} Commenting out of context doesn't make you look smart. Do you DD before you continue to embarrass yourself. K?
It wasn't out of context. How would you know how a pro thinks when you are clearly not a pro? A loud mouth with a heavy dose of arrogance, yes. A professional trader? Clearly not, and no amount of brash language will change that fact.
  • #28
  • Feb 5, 2014 2:59pm Feb 5, 2014 2:59pm
Live performance everything fell apart after may 2013 then alpari US left and I got switched to FXCM. Not blaming broker but i have noticed some pretty crazy crap with them on that last one up there i posted i filed an audit.
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  • #29
  • Feb 5, 2014 3:02pm Feb 5, 2014 3:02pm
Obviously there are so many participants in the market & many different expectations. Some purely speculative, for others it is just a business expense and have to transact at any price as time is more critical than cost. Then half the U.K. may sell their property and decide to buy a nice holiday home in Florida all on the same day and obviously need to buy US $ to facilitate this and totally unaware as to whether their transaction is a good deal or not. ( Highly likely that their bank or currency dealer telling them that they are very special customer and got them a hell of a deal !!!) Anyway suffice to say that there are many factors which influence fluctuations in currency valuation. That being said at it's very basic level a simple explanation is illustrated below. I do not wish to undermine anyone's intelligence here just feel for the people just starting out a very basic approach will hasten the learning process. Spreads, stop loss etc omitted for clarity !! Substitute Apples for anything, the principle remains the same. Once this is understood you then have the task of working out where you would be a buyer or a seller ?
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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #30
  • Feb 5, 2014 3:02pm Feb 5, 2014 3:02pm
Quoting JoeNY
{quote} You know that crap happens but not often enough to hurt performance. Tight stops take care of that. Give me a few... will pm

yeah Joe Thanks thats what im doing we are thinking the same, im moving my stops closer these guys will eat you alive.
  • #31
  • Feb 5, 2014 3:22pm Feb 5, 2014 3:22pm
Sometimes you need to take one step back in order to go two steps forward!
  • #32
  • Feb 5, 2014 3:30pm Feb 5, 2014 3:30pm
Quoting ARTjoMS
Sometimes you need to take one step back in order to go two steps forward!
Amen brotha....
SPC * Swollen PocketZ Crew!
  • #33
  • Feb 5, 2014 3:55pm Feb 5, 2014 3:55pm
Quoting Zappa
{quote} It wasn't out of context. How would you know how a pro thinks when you are clearly not a pro? A loud mouth with a heavy dose of arrogance, yes. A professional trader? Clearly not, and no amount of brash language will change that fact.
It is completely out of context and again, you haven't taken 10 seconds to understand the results of my Trade Explorers, and I don't feel the need to justify, they are what they are for a specific purpose.

Past that, sure, I'm arrogant, but that doesn't change the information nor the facts. You are putting more to my delivery than the actual information.

If it is a fight you seek, perhaps challenge my information, not my delivery and lets see if we can have a chatsky about that, SLICK.

True, I no longer manage funds so, effectively I am no longer what would be considered by some standards a PRO...but this is only because I make more trading my own funds than do off of commissions for others.

So, if you want to make this about my delivery, go ahead...I could give a shit less.

If you want to challenge my statement for information, I will hear you out in your whiney assed opinion.

An exchange of information would prove a lot more beneficial than to carry on this conversation...but sadly, since you haven't put forward anything up to now, I don't expect much to follow.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #34
  • Feb 5, 2014 4:10pm Feb 5, 2014 4:10pm
From what i understand it is due to inefficiency in the market.

Think of it this way.

A bus ranging around or moving slowly up or down the street has time to pick up and drop off all its passengers. While a bus flying down the road with few stops has missed many passengers and has to go back to pick them up, usually to the point where it sped up.
  • #35
  • Feb 5, 2014 5:05pm Feb 5, 2014 5:05pm
Quoting Magix
{quote} It is completely out.....blah, blah, blah..

You're funny.

Moving along now...
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  • #36
  • Edited Feb 6, 2014 11:13am Feb 5, 2014 5:36pm | Edited Feb 6, 2014 11:13am
Quoting enoc2g
{quote} here is what happened to me last night thank you fxcm for the 15 pip spread. {image} {image}
Hi Enoc2g,

Perhaps you weren't aware, but the 15-pip spread you highlighted on your chart from yesterday did not happen at some random point in time. It occurred at 4:30 AM New York Time when the UK PMI data was released. Within 4 seconds of the news event, the price jumped 36.6 pips as you can see in the tick chart below. When taken in the context of that volatility, it should be understandable why the spread widened. For future reference, you can visit the DailyFX Calendar to know when news events are scheduled, so you can prepare for them accordingly.

Attached Image (click to enlarge)
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Please keep in mind that on FXCM's No Dealing Desk (NDD) forex execution, we're simply passing on the best bid and ask prices we receive from 10+ competing liquidity providers. To make money, we just add a fixed pip markup which acts as a commission. That means, we make our money from your trading volume, not your losses. We have no interest in stopping out your trade, because we make the same amount executing your order whether you exit the trade for a profit or a loss. If the spreads widen, it's because the banks have widened their spreads because of the market conditions.

Jason
  • #37
  • Feb 5, 2014 6:14pm Feb 5, 2014 6:14pm
Quoting Zappa
{quote} You're funny. Moving along now... {image}
Well...

Now we can all feel so fortunate that you have joined in on the conversation.

What can we expect next, Zappa?

A round of fart jokes?

Maybe a couple of, pull my finger, moments?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #38
  • Feb 5, 2014 6:40pm Feb 5, 2014 6:40pm
I agree with some postings here. But, to the original poster, it is important to understand the market you are trading.
Asking WHY, is a very good thing.
Too many never ask that question to themselves.

In the 7+ years trading FX, I think I have seen it all. I have seen way too many people draw 50 lines, Download 1000+ indicators to their chart, talk about so many things and so many strategies it would make your head spin.
And guess what?....myself included.
I have seen multiple friends who made a nice living trading, only to fall victim to the market. Mistakes are necessary!
It's like boot camp....almost EVERYONE is NOT prepared for war....to fight....to kill. Boot camp prepares you for that.
It molds your brain to endure the pressure, the fatigue, the focus you need to be successful
Going thru these motions IS....essentially... "Your Boot Camp"

Even losing money, especially a large sum......IS important.
It tells your brain..."You think you know everything.......and you don't"
When you are a new trader...your mouth is WIDE OPEN....while your ears are completely closed.
LIFE...is ALWAYS the best teacher.....because people are usually not listening to the obvious
I lost $10,000 USD my first year in FX accounts and expenses....and it has proven to be the BEST lesson I have EVER LEARNED.
Take the plunge...go live...lose money. It's OK. Let it BURN YOU UP, Let it MOTIVATE YOU, let it help you gain TRUE FOCUS!!!

Never let anyone distract you from the "Why"....as it is just as important as the "How and Where"

FX-HedgeFund
Get Pips, Keep Pips, Repeat
  • #39
  • Feb 5, 2014 6:47pm Feb 5, 2014 6:47pm
Quoting Jason Rogers
{quote} Hi Enoc2g, Perhaps you weren't aware, but the 15 pip spread you highlighted on your chart from yesterday did not happen at some random point in time. It occurred at 4:30 AM New York Time when the UK PMI data was released. Within 4 seconds of the news event, the price jumped 36.6 pips as you can see in the tick chart below. When taken in the context of that volatility, it should be understandable why the spread widened.
Hello, I don't trade with FXCM but no, I can't understand why the spread would have widened that much
due to "volatility" during some of the most liquid of times.
For me, the spread normally widens during periods of very low liquidity.

So what's up with that?
When the Joker is in the deck.. fear not and play it well
  • #40
  • Feb 5, 2014 6:57pm Feb 5, 2014 6:57pm
Quoting FX-HedgeFund
I agree with some postings here. But, to the original poster, it is important to understand the market you are trading. Asking WHY, is a very good thing. Too many never ask that question to themselves. In the 7+ years trading FX, I think I have seen it all. I have seen way too many people draw 50 lines, Download 1000+ indicators to their chart, talk about so many things and so many strategies it would make your head spin. And guess what?....myself included. I have seen multiple friends who made a nice living trading, only to fall victim to the market....
lol

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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