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  • #915,301
  • Aug 8, 2014 4:02am Aug 8, 2014 4:02am
Quoting vlady1974
This is my theory of the "mis-price" at 3334. Using Bollinger Bands as a model, the normal sequence of events has price oscillating between Tops and Bottoms. This is represented by price closing outside of the bands at extreme levels. Using the 1H as the timeframe, the sequence has recently gone from Top to Bottom but then instead of posting a new Top (this is the blank box in the chart below), it recorded a new Bottom. This then represents a mis-price of unresolved arbitrage. Therefore the current Top 3409 is out of sequence and cannot sustain...
If you want to learn new traders you read this post, is as robust as it gets.
I don't even have a cool signature
  • #915,302
  • Aug 8, 2014 4:04am Aug 8, 2014 4:04am
Quoting MrBach
{quote} I learned that hedging is a double blade sword that needs to be watched with 4 eyes. Yeah I wasn't expecting that bullish sentiment that early, my fault.
Thats right. You need to be multi tasking expert to manage hedging.

I went through that hedging (after a long break) couple of weeks back. Manage to survive with little profit BUT wasted 14 days.

Focus on single direction and correct your mistakes. That way, you learn trading.

Profit is another monster. What do you gain from a trade? Is not only the monetary value but also the trade value.

Good luck in your future trades.
  • #915,303
  • Aug 8, 2014 4:05am Aug 8, 2014 4:05am
Quoting NoCoolNick
{quote} Okay, no need for chart. My smallest FT I have open and trade of is 15M, sometimes 5M if its really slow. I'm just curious to know how other traders find their numbers , but i guess your are much more scalper than i am. Good call by the way..
Any time mate....

for me is not about more or less...... we are all different.....scalping and daily suits my personality....finding what suits us best is the greatest step forward....
  • #915,304
  • Aug 8, 2014 4:06am Aug 8, 2014 4:06am
Quoting hathor
{quote} Hi Eurusdd! I have some questions: - what happens if the system fails (like now)...0.001% has happened. Shouldn't it disable the 1.33364 call? - has ever happened that the market didn't give a sh*t to those numbers? - what is the time limit in this 1.33364....can't happen 1.34500 before (after 1.33900 happened)? why I find your system dangerous is because after 5/5 (100%) trades newbies will believe in you like hell, and I can imagine they will kick their money management because of 99.999% sure money. And like now I'm pretty sure, there...
Mis-pricing is mis-pricing and will be corrected. So, eurusd will correct 1.3343 below. I believe the rest of the day will be focused on that. The problem with this call is that I figured out that eurusd should fix 1.33364 before 1.3390 with a high prob. Eurusd went to 1.3342 and then turned around. However, that does not mean she will not correct 1.33364.
She will. This is why I said, the top is not sustainable!

[In other words, the downtrend is not complete]
  • #915,305
  • Aug 8, 2014 4:07am Aug 8, 2014 4:07am
london open and the last 4h close was above 3383.5...but still below 3405 and 3444.. not much direction in that. 3375 has not been touched...
those who can, do. those who cant, talk about those who can
  • #915,306
  • Aug 8, 2014 4:07am Aug 8, 2014 4:07am
Quoting Magicmen
I don't expect too much today. 60~80 pips swing (3343~3420)
lol with an daily atr at 40 something, it's a bit more with 60-80 swings. I'll be happy if we see 3350-3360 soon, then i will kill everything and close shop early.
I don't even have a cool signature
  • #915,307
  • Aug 8, 2014 4:08am Aug 8, 2014 4:08am
Check 5min chart. Its building a Turkish grand mosque
  • #915,308
  • Aug 8, 2014 4:09am Aug 8, 2014 4:09am
Quoting Eurusdd
{quote} It will. This top is not sustainable.
Hi Eurusdd,

Appreciate if you could let us know:
- Are your calls based on a system/procedure complete/final or are you testing it out as we go along.
- Do you have any specific trading system working for you to trade around your calls, if so are you willing to share it?

TF
  • #915,309
  • Aug 8, 2014 4:12am Aug 8, 2014 4:12am
Quoting NoCoolNick
{quote} If you want to learn new traders you read this post, is as robust as it gets.


thx for the kind words. I'm still very much a learner, bro.
A pip is only worth it if you know how much you risked to earn it
  • #915,310
  • Aug 8, 2014 4:13am Aug 8, 2014 4:13am
Quoting NoCoolNick
{quote} lol with an daily atr at 40 something, it's a bit more with 60-80 swings. I'll be happy if we see 3350-3360 soon, then i will kill everything and close shop early.
The only reason I have is TGIF

I think I mentioned earlier. We will not see 1.33331 again this year. Don't ask me reasons. I know nothing more than basic politics.
  • #915,311
  • Aug 8, 2014 4:13am Aug 8, 2014 4:13am
Quoting TradeForexFx
{quote} Hi Eurusdd, Appreciate if you could let us know: - Are your calls based on a system/procedure complete/final or are you testing it out as we go along. - Do you have any specific trading system working for you to trade around your calls, if so are you willing to share it? TF
I tried to make a call here without stop-loss because people have different tastes. Therefore, the best is to give a number that price is attracted to. In that way everyone can decide for himself how to use the info.
  • #915,312
  • Aug 8, 2014 4:14am Aug 8, 2014 4:14am
Quoting NoCoolNick
{quote} 3394 is the last line of defence..
How is this number or numbers thrown by other members without supporting charts any different from numbers given by Eurusdd? Eurusdd is not asking anyone to trade these numbers. If someone wants to trade it, he should carry out his due diligence, If a "Newbie" trades it without necessary due diligence, he should not be trading at all.
TF
  • #915,313
  • Aug 8, 2014 4:16am Aug 8, 2014 4:16am
last thing I can say is that eurusd has created two problems. depending on volume, she could correct 1.33364 today!!! I expect that.
  • #915,314
  • Aug 8, 2014 4:16am Aug 8, 2014 4:16am
Quoting Magicmen
Check 5min chart. Its building a Turkish grand mosque
Hmmm.. 15 min chart is building Irish cathedral.
  • #915,315
  • Aug 8, 2014 4:24am Aug 8, 2014 4:24am
Quoting vlady1974
This is my theory of the "mis-price" at 3334. Using Bollinger Bands as a model, the normal sequence of events has price oscillating between Tops and Bottoms. This is represented by price closing outside of the bands at extreme levels. Using the 1H as the timeframe, the sequence has recently gone from Top to Bottom but then instead of posting a new Top (this is the blank box in the chart below), it recorded a new Bottom. This then represents a mis-price of unresolved arbitrage. Therefore the current Top 3409 is out of sequence and cannot sustain...
http://www.forexfactory.com/attachme...1&d=1407487675

Very interesting chart and explanation! thank you vlady1974!
  • #915,316
  • Aug 8, 2014 4:24am Aug 8, 2014 4:24am
Quoting TradeForexFx
{quote} How is this number or numbers thrown by other members without supporting charts any different from numbers given by Eurusdd? Eurusdd is not asking anyone to trade these numbers. If someone wants to trade it, he should carry out his due diligence, If a "Newbie" trades it without necessary due diligence, he should not be trading at all. TF
You have a point!!!

Anyway, I am not worried about the fact the eurusd hit 1.3390 before 1.33364. It does not change the fact that it will go back to 1.33364. I added 1.3390 in order to give anyone following the info an idea of where to enter or place a stop-loss.
1.33364 is the only valid number right now. So, i still claim, the downtrend is not complete. eurusd will go back there.
  • #915,317
  • Aug 8, 2014 4:26am Aug 8, 2014 4:26am
Quoting vlady1974
{quote} Mr Honnold is fricking awesome. Him and Sharma.

Love them both. Last year I had the honour to shake Sharmas hand

People say, I am even fast than they are in the descent
  • #915,318
  • Aug 8, 2014 4:30am Aug 8, 2014 4:30am
Quoting infinitus
{quote} Love them both. Last year I had the honour to shake Sharmas hand People say, I am even fast than they are in the descent


You're a climber bro? Cool! I'm budding beginner of the indoor variety. My gf introduced me to it. I'm currently in a long year phase of getting physically fit to up my game. My best is only V1 on bouldering and V5 on top rope. I probably suck right now. But it's great fun.

Sharma is the pinnacle - awesome you got to meet him. His partner is fricking hot as well LOL.
A pip is only worth it if you know how much you risked to earn it
  • #915,319
  • Aug 8, 2014 4:32am Aug 8, 2014 4:32am
Quoting Eurusdd
{quote} Mis-pricing is mis-pricing and will be corrected. So, eurusd will correct 1.3343 below. I believe the rest of the day will be focused on that. The problem with this call is that I figured out that eurusd should fix 1.33364 before 1.3390 with a high prob. Eurusd went to 1.3342 and then turned around. However, that does not mean she will not correct 1.33364. She will. This is why I said, the top is not sustainable! [In other words, the downtrend is not complete]
Thanks for sharing EURUSDD. You know i mean it.

I consider myself lucky to 'experience' one exception of your calls. as you can see i actually did put my leg into the water ;D

Do you 'see' anything special regarding the market between the time you made the high-probability call and the time when the market actually decided not to move that way, and hit 1.3990 first?
  • #915,320
  • Aug 8, 2014 4:36am Aug 8, 2014 4:36am
Quoting TradeForexFx
{quote} How is this number or numbers thrown by other members without supporting charts any different from numbers given by Eurusdd? Eurusdd is not asking anyone to trade these numbers. If someone wants to trade it, he should carry out his due diligence, If a "Newbie" trades it without necessary due diligence, he should not be trading at all. TF
3396 is a support/resistance line from years ago. Newbies should check their weekly chart. This is beginner basics.
You chart them, become familiar with what happened around them. Become familiar with the SPACE around them.
It doesn't mean price won't go through them, it means there will be reaction and turbulence around them.

When they start inter-acting or overlapping with Fibs then that's the opportunity to develop your own trading personality, etc etc. and make your own trading decisions (rightly or wrongly).
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A pip is only worth it if you know how much you risked to earn it
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