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  • #19,101
  • May 1, 2014 8:09am May 1, 2014 8:09am
Quoting jone3
please "tarantula, egkid" and "godim" do analysis on euro/jpy i like yours analysis...
Here is GBPUSD, if i spot something interesting on EJ i will post it
  • #19,102
  • May 1, 2014 8:47am May 1, 2014 8:47am
i there everyone nice forum one more following this .
nice work .
can i post same charts as well tarantula sow everyone can helps my evolucion on forex ?
sorry my english i´m from portugal
Scalping
  • #19,103
  • May 1, 2014 9:13am May 1, 2014 9:13am
Quoting guguxpto
i there everyone nice forum one more following this . nice work . can i post same charts as well tarantula sow everyone can helps my evolucion on forex ? sorry my english i´m from portugal
Thanks. yes there are many good traders here in our Den
  • #19,104
  • May 1, 2014 8:03pm May 1, 2014 8:03pm
Hi all
One thing can kill market and trade Low volume and that's happen to me yesterday because i forgot there are some banks off and try to involove in a trade but it's ok.

any way nzd/u my trade
target maybe not clear in chart it's 8580
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  • #19,105
  • May 1, 2014 8:33pm May 1, 2014 8:33pm
Quoting egkid
Hi all One thing can kill market and trade Low volume and that's happen to me yesterday because i forgot there are some banks off and try to involove in a trade but it's ok. any way nzd/u my trade target maybe not clear in chart it's 8580 {image}
Holiday in China for 1 week. Hong Kong,China and Taiwan stock markets along with banks were closed yesterday.
  • #19,106
  • May 1, 2014 9:38pm May 1, 2014 9:38pm
Quoting egkid
Hi all One thing can kill market and trade Low volume and that's happen to me yesterday because i forgot there are some banks off and try to involove in a trade but it's ok. any way nzd/u my trade target maybe not clear in chart it's 8580 {image}
Market acting in strange way actully not strange will explain more next post
I'm out +1 because black Dogi in 30 min No trade for me till next week
  • #19,107
  • May 1, 2014 9:51pm May 1, 2014 9:51pm
Quoting egkid
{quote} Market acting in strange way actully not strange will explain more next post I'm out +1 because black Dogi in 30 min No trade for me till next week
As my teacher says:

The key to understanding how an imbalance can occur is to recognize that the other timeframe buyer does not deal directly with the other
timeframe seller. Recall that the local, or scalper, acts as a middleman between these two longer-term participants. Thus, the other timeframe buyer generally buys from a local, and the other timeframe seller typically sells to a local. Imbalance occurs when there are more other timeframe buyers than sellers or more other timeframe sellers than buyers, leaving the local with an imbalance. Before we can learn how to measure this imbalance, we must first gain a better understanding of how the locals conduct their business.

The locals position themselves between the flow of outside buy orders and outside sell orders (orders placed predominantly by off-floor,
other timeframe participants). For example, suppose that a floor broker receives an order to sell 100 contracts at, say, $5.00 per contract. The locals would buy the contracts from the broker and then turn around and sell them to another floor broker who has an order to buy 100 contracts at $5.02. In this situation, the locals perform their role of facilitating trade and, in return, receive a small margin of profit.

The trade facilitation process is seldom so ideal, however. Often there are more other timeframe buyers than sellers—causing the local's
inventory to become overloaded. For example, if an usually large number of sell orders enter the pit, the local's inventory begins to accumulate to a point where he gets "too long." In other words, the local has purchased too much from the other timeframe seller. If the other timeframe buyer does not appear relatively quickly, the local must bring his inventory back into balance in some other way. One's first thought would be that the local simply needs to sell off his excess inventory. However, this is not so easy, for reversing and selling would only serve to accentuate the selling that is already flowing into the market. Therefore, his first priority is to stop the flow of outside sell orders by dropping his bid in hopes that the market will stabilize and he can balance his inventory.

If lower prices do not cut off selling, the local may then be forced to "jump on the bandwagon" and sell (liquidate) his longs at a lower price.
  • #19,108
  • May 2, 2014 2:08am May 2, 2014 2:08am
eur/usd H1
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #19,109
  • May 2, 2014 2:23am May 2, 2014 2:23am
Quoting godim
eur/usd H1 {image}
Grounds.
More questions than answers. Caution.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #19,110
  • May 2, 2014 4:02am May 2, 2014 4:02am
Quoting godim
eur/usd H1 {image}
Development.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #19,111
  • May 2, 2014 4:40am May 2, 2014 4:40am
Quoting egkid
Hi all One thing can kill market and trade Low volume and that's happen to me yesterday because i forgot there are some banks off and try to involove in a trade but it's ok. any way nzd/u my trade target maybe not clear in chart it's 8580 {image}
Hey bro,SLow market is caused by yesterday's holiday in Europe, but also waiting for today's NFP results. NZDUSD is in uptrend, but on NFP there is a possibility to buy into retracement. So far its up. i wont trade prior to NFP.

Quoting godim
{quote} Development. {image}
Hey Godim,
Technically yes. 3850 is the level where buyers are ( same with GBPUSD although GBPUSD found buyers at 6875 ).
  • #19,112
  • May 2, 2014 5:25am May 2, 2014 5:25am
Quoting T@rantula
{quote} Hey bro,SLow market is caused by yesterday's holiday in Europe, but also waiting for today's NFP results. NZDUSD is in uptrend, but on NFP there is a possibility to buy into retracement. So far its up. i wont trade prior to NFP. {quote} Hey Godim, Technically yes. 3850 is the level where buyers are ( same with GBPUSD although GBPUSD found buyers at 6875 ).
support is 6865, in time
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #19,113
  • May 2, 2014 6:07am May 2, 2014 6:07am
Quoting godim
{quote} Development. {image}
stop without losing or closing small profit.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #19,114
  • May 2, 2014 6:18am May 2, 2014 6:18am
Hello everyone... Someone mentioned few post earlier something about Eur/Jpy setup. I'm looking at these two areas for safe trade (yes, I know it's a long shot but well worth it).
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"A handful of patience is worth more than a bushel of brains"
  • #19,115
  • May 2, 2014 6:32am May 2, 2014 6:32am
Quoting godim
{quote} support is 6865, in time {image} {image}
Yep, the price went o 6855 ( I had a pending order at 6850 per my ANALYSIS ) but i wasnt close to PC to actually trade it ( id enter with 1/2 risk around 55 ).
  • #19,116
  • May 2, 2014 6:34am May 2, 2014 6:34am
Quoting Iron Pawn
Hello everyone... Someone mentioned few post earlier something about Eur/Jpy setup. I'm looking at these two areas for safe trade (yes, I know it's a long shot but well worth it). {image} {image}
Thanks for contribution
  • #19,117
  • May 2, 2014 6:52am May 2, 2014 6:52am
Quoting T@rantula
{quote} Thanks for contribution
Not a problem at all... it's been quiet today and plenty of time for analysis ... also, keeping my fingers crossed on Gbp/Aud sell (at the moment I don't like what I see, but that's the nature of our game; it might or it might not work)... pozdrav!
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"A handful of patience is worth more than a bushel of brains"
  • #19,118
  • May 2, 2014 7:01am May 2, 2014 7:01am
Quoting godim
{quote} stop without losing or closing small profit. {image}
UpSwing and UpTrend and everything like that. But ... The price entered the area that I call the "last line of defense." In this area, anything is possible.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #19,119
  • May 2, 2014 7:12am May 2, 2014 7:12am
This is what i see on EURUSD. Everything has been explained on the chart

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  • #19,120
  • May 2, 2014 7:28am May 2, 2014 7:28am
Quoting godim
{quote} UpSwing and UpTrend and everything like that. But ... The price entered the area that I call the "last line of defense." In this area, anything is possible. {image}
on the rule 38%, stop is under Lo.
Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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