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  • #918,001
  • Aug 20, 2014 6:08am Aug 20, 2014 6:08am
Quoting CholiPop
{quote} Althought the market has been super bull bias the last 2 months, One thing I have noticed is when using the method I have described to you is once on the 1hr you see that sentiment is shifting to the sell side, thats when the market gives us a breakout to the upside. I simply use that method once EU accumulates on the 15m tf. So what you do is this. You go to the main page of forexfactory. 1) Find the POSITIONS AND LIVE ACCOUNT BOX 2) Click the little yellow folder which is under the DETAILS subsection 3) When the little graph pops up change...
Understood.
This is awesome... It's like having your trend pool from traders around the world.
Great stuff.

Many thanks.
KEEP CALM AND CARRY ON SHORTING
  • #918,002
  • Aug 20, 2014 6:21am Aug 20, 2014 6:21am
Quoting CholiPop
{quote} ........You will then see over the last few hours the sentiment has began shifting to the SELL side now. Although it has done so at a very small rate, the reality is when that begins to happen you will see those sellers now become the bag holders. Being my entry setup has yet to occur I am simply watching for now, but the reality is if we do spike up, the second the news is released, we should see a nice long move down, then the reversal to the upside within a few mins. That would get the sellers happy, and finish off the bias bulls, then...
isnt there one new strategy here on FF? concerning this ratios?

So, how correct is this strategy?
  • #918,003
  • Aug 20, 2014 6:25am Aug 20, 2014 6:25am
Quoting NoCoolNick
ugly 1H candle (from my point of view )
If we get past 3292 I am looking for 3315ish
I don't even have a cool signature
  • #918,004
  • Aug 20, 2014 6:25am Aug 20, 2014 6:25am
Quoting Thirsty
{quote} Understood. This is awesome... It's like having your trend pool from traders around the world. Great stuff. Many thanks.
Your welcome. It would be great to have that type of information for all traders around the world, but since 95% of traders end up losing I figuered it would be good to go against the herd. If you look back to my last 3 post in which I have referred to that little graph you will notice that not only did I take the short trade based on everyone else going long, but I did so when the market was accumulating.
Banks scalp, why don't you?
  • #918,005
  • Aug 20, 2014 6:27am Aug 20, 2014 6:27am
Quoting 21vs7
{quote} isnt there one new strategy here on FF? concerning this ratios? So, how correct is this strategy?
Honestly I have not used it long enough to give any sort of stats, but my last three trades have been based on it. As mentioned before I only take those trades when the market is accumulating. I assume the market only accumulates, because those who influence the price want to see where they can make more money moving the price to. I honestly believe that those who influence the market scalp.
Banks scalp, why don't you?
  • #918,006
  • Aug 20, 2014 6:36am Aug 20, 2014 6:36am
Quoting gatorinla
{quote} 3289/80 had already done what it usually does for a pullback. it had to get below 3312/25 to complete it. the one for 3232 most times wants 3383.5 again. so i just have to wait for something that with current momentum may never happen. flat until, unless i see something
I am kind of thinking i wish i saw that.
My signature is: "Classified".
  • #918,007
  • Aug 20, 2014 6:37am Aug 20, 2014 6:37am
Quoting 21vs7
{quote} isnt there one new strategy here on FF? concerning this ratios? So, how correct is this strategy?
Hi 21vs7

Here is the first trade which I recommended using that little graph. You can see that I took a pretty big sell 50 usd per pip, and if you look back to that post you will see my sl was about 3 to 4 pips above my entry, which never got hit! Right before I took the trade I viewed the graph, posted my recommendation, and took the trade myself. As you can see the entry was right on, and I simply got out way to early. Yet I honestly aim for 50-150 usd per day.

Attached Image (click to enlarge)
Click to Enlarge Name: advice.png Size: 125 KB



The chart below shows another accumulation, in which I have the second advice in which bias was to the long side once again. That is when the news was release, in which the first spike was upward, and then we had the nice move downward.
Attached Image (click to enlarge)
Click to Enlarge Name: secondadvice.png Size: 127 KB
Banks scalp, why don't you?
  • #918,008
  • Aug 20, 2014 6:38am Aug 20, 2014 6:38am
Quoting CholiPop
{quote} Your welcome. It would be great to have that type of information for all traders around the world, but since 95% of traders end up losing I figuered it would be good to go against the herd. If you look back to my last 3 post in which I have referred to that little graph you will notice that not only did I take the short trade based on everyone else going long, but I did so when the market was accumulating.
Actually from what i know its something like 70% loosers, 30% winners. But i guess few are winners for ever, and many are loosers for ever. So maybe the 95% applies given an enough long timeline.

On the other hand, given an enough long timeline i would say all traders accounts will total 0 or something in the equivalent, considering the... lets say PRECARIOUS promises of the USD and fiat currencies like it.
My signature is: "Classified".
  • #918,009
  • Aug 20, 2014 6:43am Aug 20, 2014 6:43am
Quoting CholiPop
{quote} I honestly believe that those who influence the market scalp.
Yah, and i would say they are aiming for 7 pip profits on the big lot scalps something like that on average. Then of course there is the crazy fast EAs that you could call scalpers to i guess.
My signature is: "Classified".
  • #918,010
  • Aug 20, 2014 6:50am Aug 20, 2014 6:50am
Quoting yaed
{quote} Yah, and i would say they are aiming for 7 pip profits on the big lot scalps something like that on average. Then of course there is the crazy fast EAs that you could call scalpers to i guess.
Take for example yaed. The market is most vulnerable during high impact news events. Which is why you see those wacky spreads once the news are released. Imagine if you have a broker ( which there are) where the spread stays tight during high impact news, you could simply earn a ton of money with big lot sizes if you trapped the market with pending orders using martingale. Dangerous if the spread becomes wide, but a no - brainier if you have a legit ecn broker. I was actually going to share my findings, but no one has been able to provide me with back testable tick charts. With that I would be able to show the weakness in the market, which we could all take advantage of.
Banks scalp, why don't you?
  • #918,011
  • Aug 20, 2014 7:13am Aug 20, 2014 7:13am
Quoting CholiPop
{quote} Honestly I have not used it long enough to give any sort of stats, but my last three trades have been based on it. As mentioned before I only take those trades when the market is accumulating. I assume the market only accumulates, because those who influence the price want to see where they can make more money moving the price to. I honestly believe that those who influence the market scalp.
Probability in this market is vely high for shorters. Statistics would say yay or nay

Price moves cus of supply and demand. No demand, it falls.
  • #918,012
  • Aug 20, 2014 7:13am Aug 20, 2014 7:13am
Quoting chazzle
{quote} will add if we get a re-test of the recent swing high close ( last thursday) - p/o at 8011 - aiming for 8060 on this - pos. is 7990 atm with stops at 7970 EG D1 {image}
EG UCAD cable all good - euro - pain in the ass - all flat till after fomc - slightly green and keeping it that way - good luck those trading it
  • #918,013
  • Aug 20, 2014 7:18am Aug 20, 2014 7:18am
3 or 4 pips?? profit!! .. Really I envy some people...

1.326x is charming point to buy.I think it will push through 1.331x first but it doesnt worth for risks at the moment. I dont trust the bias which created by mentals (scalpers)
Its not an advice and sorry for grammar.
  • #918,014
  • Aug 20, 2014 7:27am Aug 20, 2014 7:27am
Quoting 21vs7
{quote} Probability in this market is vely high for shorters. Statistics would say yay or nay Price moves cus of supply and demand. No demand, it falls.

But still now mind is in bullish, since Monday buy and buying.
  • #918,015
  • Aug 20, 2014 7:40am Aug 20, 2014 7:40am
Quoting wannaberich
{quote} aren't you considering a long at 3232 if it goes directly there? i am considering longing 55 or 32. even better 1.3205...
not really.. its target. so if i wanted to long it would be before 3232, since we didnt go back to 3383.5... dont lose money on my account..atm i am flat.. i see some possible bounces 3269 72 57 28. that dont mean they will happen.. i will not be around for news. so i dont want to gamble on any support. looking for 3102 and 3012 myself.. i just dont have a position. being on the side for me, is where i want to be. if for some reason we get to 3383 or higher,, i will be looking to short
those who can, do. those who cant, talk about those who can
  • #918,016
  • Edited 8:02am Aug 20, 2014 7:50am | Edited 8:02am
Quoting CholiPop
{quote} Take for example yaed. The market is most vulnerable during high impact news events. Which is why you see those wacky spreads once the news are released. Imagine if you have a broker ( which there are) where the spread stays tight during high impact news, you could simply earn a ton of money with big lot sizes if you trapped the market with pending orders using martingale. Dangerous if the spread becomes wide, but a no - brainier if you have a legit ecn broker. I was actually going to share my findings, but no one has been able to provide...
Yupp thats one way. But because that kind of knowledge and technology is spreadable, its also dangerous and stressfull because the banks will probably make it "illegal" if you do it without the right kind of Rotschild protection. What if you just trade in a way that is hard to explain and hard to create an EA out of? No danger and stress, since nobody can take from you what they dont even understand?

Uhm i could probably make an EA out of how i trade, but it would take VERY LONG to fill that database with the right patterns. Just the TP function would take weeks to make, because there is so many "If x then y. If y then z. If y- then a" and on and on.

I normaly aim for 7 pip, but i can sometimes see i might double that or x2.5 that depending on volatility and final shape of price. But if i get say 4 pips of profit and then loose 2 i close on 2 as a profit. And thats very general, id have to add LOTS of ad hoque parenthesis to that.
My signature is: "Classified".
  • #918,017
  • Aug 20, 2014 7:52am Aug 20, 2014 7:52am
Quoting oundar
3 or 4 pips?? profit!! .. Really I envy some people... 1.326x is charming point to buy.I think it will push through 1.331x first but it doesnt worth for risks at the moment. I dont trust the bias which created by mentals (scalpers)
I think i average at 2.5 pips something like that. And thats AFTER giving Alpari 1.5 or so. Considering i sometimes have drawdown of say 200 pips, im not sure HOW i do it, i just do it.
My signature is: "Classified".
  • #918,018
  • Aug 20, 2014 8:03am Aug 20, 2014 8:03am
Quoting yaed
{quote} Yupp thats one way. But because that kind of knowledge and technology is spreadable, its also dangerous and stressfull because the banks will probably make it "illegal" if you do it without the right kind of Rotschild protection. What if you just trade in a way that is hard to explain and hard to create an EA out of? No danger and stress, since nobody can take from you what they dont even understand?
You are correct about that. I honestly don`t trade those news events because I don`t have the broker which allows those spreads, and because I have not created (nor do I know anything about coding) the ea. It I have the basic jist of how it would work. I am pretty sure someone has it out there. Yet, it hasn`t been made public. Simply thinking out side of the box can make you a lot of money in the short term. You can see that I withdrew my winnings from my account, and with some of that money I will have the EA created. It won`t even cost more then 300usd to create, but should it work well ONCE, i would recover that investment 10 fold on the first attempt.

The only reason why I am certain that it would work (the ea) is because every single high impact news which occurs for AUD, EUR, USD I have archived with a screen capturing program (more like video capturing). I have enough data to see the weakness and know how to have the EA created. Even the biggest market movement NFP has a sweet spot. All you would need is the spread to remain tight.
Banks scalp, why don't you?
  • #918,019
  • Aug 20, 2014 8:06am Aug 20, 2014 8:06am
3308 and 3366 are good targets for longs, if the bottom stays untouched after FOMC. I wouldn't hold for more.
Everyone can see the chart, but only a few can actually read it.
  • #918,020
  • Aug 20, 2014 8:06am Aug 20, 2014 8:06am
Quoting yaed
{quote} I think i average at 2.5 pips something like that. And thats AFTER giving Alpari 1.5 or so. Considering i sometimes have drawdown of say 200 pips, im not sure HOW i do it, i just do it.
So,
You are a possible Alpari emplyee of the month?

Just joking... Given your kind of trading strategy isn't better to use another broker with a lower spread?
KEEP CALM AND CARRY ON SHORTING
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