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  • #1,015,421
  • Jul 31, 2015 3:53pm Jul 31, 2015 3:53pm
Quoting build11
{quote} .....This next part is my opinion . When you see retracements , pullbacks etc , this is large banks trying to keep their books straight . Major moves are made by the other big players (hegdge funds etc ) for FA reasons . ( To make money ) or a big banks books really got screwed up . I'll try to find the thread that explains this better . Do a google search on the internal workings of the currency markets but be prepared to to sift thru a boatload of bullshit . Hope this helps a little Dennis
Suppose hedge funds go net longs and drive the market up, and so big banks have net shorts. At the end of month the banks want to square their book so they have to get out their net shorts (close them), the market goes up, not retrace. Hedge funds net longs drive the market up, and the squaring of banks net shorts also drive the market up. So double up.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,422
  • Jul 31, 2015 3:54pm Jul 31, 2015 3:54pm
Quoting gatorinla
{quote} stops in place.. nfp pump is my fear holding over weekend.. month looks red atm {image}
I am flat into the weekend as most weekends.

have a good one
  • #1,015,423
  • Jul 31, 2015 3:54pm Jul 31, 2015 3:54pm
Quoting edyraper
{quote} Let us see nfp pump please , today's move left me just these two lovely positions would love to see at least 1021/6 again to add again {image}
The first one is from a while ago, right?

Ah, and the bears wake up from hybernation!
  • #1,015,424
  • Jul 31, 2015 3:55pm Jul 31, 2015 3:55pm
Quoting forexings
{quote} Hold your tongue new kid. Mind your own business
what is your problem?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,425
  • Jul 31, 2015 4:02pm Jul 31, 2015 4:02pm
swissy probably down for early days next week. That big down wick mostly will be revisited.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,426
  • Jul 31, 2015 4:02pm Jul 31, 2015 4:02pm
week a doji close.. month red
those who can, do. those who cant, talk about those who can
  • #1,015,427
  • Jul 31, 2015 4:02pm Jul 31, 2015 4:02pm
Holding over the weekend.

Inserted Video
  • #1,015,428
  • Jul 31, 2015 4:11pm Jul 31, 2015 4:11pm
Quoting eborn
{quote} The first one is from a while ago, right? Ah, and the bears wake up from hybernation!
The first one is from 13.07.2015
And bears never sleep
  • #1,015,429
  • Jul 31, 2015 4:30pm Jul 31, 2015 4:30pm
Quoting edyraper
{quote} The first one is from 13.07.2015 And bears never sleep
iAh, my daughter was born the day before so I missed that
  • #1,015,430
  • Jul 31, 2015 5:46pm Jul 31, 2015 5:46pm
[quote=navk;8411913][quote=Kribstreet;8411833]
Quoting navk
{quote} Nothing special about those what you see in my chart. These are : 200 + 100 + 50 + 20 sma Daily open line MACD as you see in my chart. Some support / resistance lines. FIB lines as you see in my chart. This is what you need as for tech is concerned. Then you need to have some MM rules.
LOL looks familiar well done ,regards B
  • #1,015,431
  • Edited 10:58pm Jul 31, 2015 6:31pm | Edited 10:58pm
edit: Another look at charts suggests there is prob. of alternate scenario.
  • #1,015,432
  • Jul 31, 2015 10:29pm Jul 31, 2015 10:29pm
All this back and forth, pointing fingers; I'm going to take gator's advise and spend my time over in sisse's thread.
  • #1,015,433
  • Aug 1, 2015 12:57am Aug 1, 2015 12:57am
funny pic for a funny week... good jOB ALL!! bye...
Attached Image (click to enlarge)
Click to Enlarge Name: a2f2f6d656469612d63616368652d6196e696d672e636f6d2f373336782f37372f37344646362653833633478.jpg Size: 93 KB
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #1,015,434
  • Aug 1, 2015 2:24am Aug 1, 2015 2:24am
Quoting gatorinla
{quote} watch the close.. 0786 is still alive.. 0974 ish is one bulls dont want closed below (week).. bears would like 0964 closed or more today. 0786 is actually a bullish norm.. usually when bulls want 0786, and bears want 0786.. it most times gets a poke.. once 0786 is reached, bulls want 15xx and bears 1122/44 (1122/1435 w/oHH) but if its truly bearish now.. a trip to 1122/44 would be enough, after 0786 s touched. 4h closed 1102... its still above 0964, but its all one could expect after dropping 110 pips.. its still 4h a close below 1048.7.....
Man reading your posts, like betting on the whole table at the casino hehe, geez...but indeed … you really like to talk...
  • #1,015,435
  • Aug 1, 2015 2:34am Aug 1, 2015 2:34am
What I look for in the charts:
Position Charts: Open/close trades
15 min consolidating
30 min consolidating

Trending Charts: Which direction to go - long or short
1 Hr Down trend
2 Hr Up trend
Daily Undefined - looks like it may be starting a down trend

Overview Charts:
Daily Undefined - looks like it may be starting a down trend
Wk Down trend but weak
Mn Up trend beginnings but not well defined

My strategy now is short trades because I see overall the trend is down, however there is some kind of transition going on. Will also go longs but use much caution. If I'm 15 pips in the green long I'll usually put in a zero stop so if it turns around I won't lose.
Taigen Profit This Month: na
  • #1,015,436
  • Aug 1, 2015 2:44am Aug 1, 2015 2:44am
Quoting gatorinla
{quote} at what point is a broken trendline not a trendline?
Yeah, I'm not so sure I care a great deal about trendlines. Oh sure, once in awhile there's one that's real obvious, with many touch points, that nearly everyone will agree on. You just glance at the various hi/lo points on a chart, and you can almost see the line before you draw it. But in my (still pretty newbie) opinion, those are rare. Most trend lines I see people draw on charts are almost arbitrary.... I guess kinda "eye of the beholder". So.... yeah, I rarely pay much attention to them (which I realize MAY be a mistake on my part).
  • #1,015,437
  • Aug 1, 2015 3:17am Aug 1, 2015 3:17am
Quoting gatorinla
{quote} at what point is a broken trendline not a trendline?
ohlc outside TL I guess, and trendline is nothing else than part of the schiff modiffied pitchfork of high/low/high or L/H/Lbut that's another subject..
  • #1,015,438
  • Aug 1, 2015 5:12am Aug 1, 2015 5:12am
Not sure where to post this message
suppose I have 5 windows open
M1, M5. M15, H1, H4 of EUR/USD
I change settings of each window
so that autoscroll is unchecked
Next I review all my trades for the week
so if I move the cursor to 27 July 2013 9 pm all five windows move to the same time
This will be very good for analysis. This feature exists in Ninja Trader
do u think a script like this exists for MT4 ?
  • #1,015,439
  • Aug 1, 2015 6:23am Aug 1, 2015 6:23am
Quoting Ata-Turkoglu
Cold water for sleeping bears
that was like you said , was a cold water , and wasn't on my desk to refill
even this one killed my dreams (my daily H was 1.11134 - stopped with 0.4 pips)
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  • #1,015,440
  • Aug 1, 2015 9:13am Aug 1, 2015 9:13am
Everyone I suppose has their own criteria for what determines a trend on a given chart. If it is consistent then the indicators being used are working for you. I determine trends base on crossovers mainly such as the linear regression the EMA along with some MA's. The RSI is a good confirmation tool as well as others. I don't do the butterfly and pitchfork stuff though they're are many the swear by them.

When I was in Mexico for three months, I relied mainly on just a couple indicators with my iPhone.

The idea is to see patterns which can be defined as trends. When I follow my own rules by this method I'm rarely not in the green. The fundamentals, in my view, are strictly there for the central banks to push the PA in a certain direction. That is where you can get screwed. It's the X-factor.
Taigen Profit This Month: na
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