USDCAD: All that you need to understand.....Robber Banks at work....manipulate price, do tremendous buying, restrain price from going up a lick until you are ready!In poker, this is where the "dealer" pulls out aces from that special pouch authorized by the House and claims the pot, all according to House rules.
{image}
- #71,485
- May 14, 2014 1:22pm May 14, 2014 1:22pm
EUR/USD
2 nice possibilites again.
W8 for the signals.
BTW look to my entries - here it is !! I DID NOT WAIT FOR more signals !! Everything bad
Any bull signs after my 1. entry? No
Any signals after my 2 and 3. entry ? maybe yes, but no resistance break!
Why i did that? No idea .. NO PATIENCE
2 nice possibilites again.
W8 for the signals.
BTW look to my entries - here it is !! I DID NOT WAIT FOR more signals !! Everything bad
Any bull signs after my 1. entry? No
Any signals after my 2 and 3. entry ? maybe yes, but no resistance break!
Why i did that? No idea .. NO PATIENCE
- #71,486
- May 14, 2014 1:52pm May 14, 2014 1:52pm
NZD USD
Long build closed with profit.
3x Entry on retrace level
I think, that price can go up , but i will wait probably for another retracement with good volume.
i saw now already second weakness ..
Long build closed with profit.
3x Entry on retrace level
I think, that price can go up , but i will wait probably for another retracement with good volume.
i saw now already second weakness ..
- #71,490
- May 14, 2014 6:13pm May 14, 2014 6:13pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
What these two charts look like?{image}
woah trippy
- #71,492
- May 14, 2014 6:35pm May 14, 2014 6:35pm
GU, entered short quick +6.5 standard, possible wait for retrace and added but had to close early can't watch right nowRegards, Cigarguy {image}
Also you referred to the paper clip for the SR indicator, what do you mean? and please pardon my ignorance.
Thanks
- #71,494
- Edited 7:01pm May 14, 2014 6:50pm | Edited 7:01pm
It seems early to longs in pairs XXXJPY, at least for the GBPJPY. I'll wait to see what happens.
AUDUSD and NZDUSD are easier to take decisions, or EURAUD.
AUDUSD and NZDUSD are easier to take decisions, or EURAUD.
Check your emotions. How are you?
- #71,495
- May 14, 2014 6:58pm May 14, 2014 6:58pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Hi Cigarguy - can you PM the link/indy to the template you are using on this chart pls? The candle colours are different and look interesting. Also you referred to the paper clip for the SR indicator, what do you mean? and please pardon my ignorance. Thanks
wizz2014,
The paperclip above right of thread contains the indicators. The Sonic R template and indicators are at Post # 1 and the candles are HA candles. They have no special meaning to me except for visual with my older eyes and the Sonic candles work just fine.
Regards,
Cigarguy
Keep It Simple
- #71,496
- May 14, 2014 7:01pm May 14, 2014 7:01pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
It seems early to longs in pairs XXXJPY, at least for the GBPJPY. I'll wait to see what happens.
AUDJPY, H1 {image}
both good points.. what i'm trying to figure out is why they spike price just as the news comes out, and it was positive for the JPY.. now it's getting hammered back down
- #71,497
- May 14, 2014 7:11pm May 14, 2014 7:11pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} {quote} both good points.. what i'm trying to figure out is why they spike price just as the news comes out, and it was positive for the JPY..
allisonmagic,
I am sure that you know by now that the MM's mostly have a plan as to how they are going to run price and use the news as a catalyst to steal our money (regardless if news is positive or negative) Usually with a spike in one direction( attempting to sucker in longs/shorts of retail traders. Sonicers know better
) and then a continuation in the direction most beneficial/profitable for them as planned. Usually around support/resistance levels/numbers Regards,
Cigarguy
Keep It Simple
- #71,498
- May 14, 2014 7:19pm May 14, 2014 7:19pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
{quote} allisonmagic, I am sure that you know by now that the MM's mostly have a plan as to how they are going to run price and use the news as a catalyst to steal our money (regardless if news is positive or negative) Usually with a spike in one direction( attempting to sucker in longs/shorts) and then a continuation in the direction most beneficial/profitable for them as planned. Usually around support/resistance levels/numbers
yup, i've seen price jump one way just before the release, then hammer it down right at the release. So when something else happen, it just kinda gets me thinking
also.. can you guys give me some feedback on this ? Did i do this classic properly ?
- #71,499
- Edited 7:45pm May 14, 2014 7:32pm | Edited 7:45pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} yup, i've seen price jump one way just before the release, then hammer it down right at the release. So when something else happen, it just kinda gets me thinking
IMO, it is a descent scout entry although dragon below EMA, but I would watch close with the quarter number so close above. Also with consideration given to H1(not one of your mini-charts). But just MO being primarily a scalper and not a position trader. Many others are far more detailed in position trade analysis. I usually look at M15 or higher t/f's and then drop down to M1 or M5 and look for a good entry coinciding with higher t.f of course. When position trading finding the best lower t/f entry as when scalping not as important. Most scalpers understand what I mean and just my style
Regards,
Cigarguy
Keep It Simple
