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  • #481
  • Nov 10, 2015 11:42pm Nov 10, 2015 11:42pm
Quoting jmn5611
{quote} That was the world's fastest edit! I was about to ask you why you felt that wick's do not matter, but I see you reconsidered that position.
edit? What you mean? I havent edited my posts.
  • #482
  • Nov 10, 2015 11:45pm Nov 10, 2015 11:45pm
Quoting TheRealDeal
{quote} edit? What you mean? I havent edited my posts.
Maybe my eyes deceived me. That is quite possible. My mistake.
If you are good at something, never do it for free--Joker
  • #483
  • Nov 10, 2015 11:45pm Nov 10, 2015 11:45pm
That said, do wicks matter to you?
If you are good at something, never do it for free--Joker
  • #484
  • Nov 10, 2015 11:59pm Nov 10, 2015 11:59pm
Buy trade EURAUD M15
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_15M.jpg Size: 89 KB
  • #485
  • Nov 11, 2015 12:03am Nov 11, 2015 12:03am
Buy trade GBPUSD 5M
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  • #486
  • Nov 11, 2015 12:18am Nov 11, 2015 12:18am
Quoting jmn5611
That said, do wicks matter to you?
Wicks represent a thin move, which has thin liquidity, where price shoot and came back fast. If you push price through thin liquidity price may even jump to the level. Thin moves create liquidity gap, which are getting filled pretty fast. Why? Because after price jumps up and someone sells in a thin move, price would jump back down, because there is nothing to stop it. But why it comes down? Because it hits a liquidity pool.
Wicks are created by bank traders to hit stops and reverse price.
  • #487
  • Nov 11, 2015 12:41am Nov 11, 2015 12:41am
Quoting jmn5611
That said, do wicks matter to you?
Sorry i guess that didnt answer your question. I dont want to confuse people here. Bulk of the trading is in the candle bodies. there is also the liquidity. So significant levels are made by healthy swing points. And healthy swing points are where price stayed for some time in order to build liq pool. Looks like a range on the chart.
  • #488
  • Nov 11, 2015 12:53am Nov 11, 2015 12:53am
re posts 486 & 487:-

Another absolute gem in a great thread. Thanks TRD for making this thread.
  • #489
  • Nov 11, 2015 1:23am Nov 11, 2015 1:23am
banks accumulating posisions all day long. So move is coming. But i guess at NYO
  • #490
  • Nov 11, 2015 1:24am Nov 11, 2015 1:24am
Quoting camelia_
Buy trade EURAUD M15 {image}
cool
I am EU and EG long
Problem is no significant high/low was taken out during LO. Which makes accumulation more obvious.
  • #491
  • Nov 11, 2015 1:41am Nov 11, 2015 1:41am
GBPJPY, cool 1 min before news they told me that it was time to exit my long for now . I' gonna look for another entry now.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_JPY_5 Mins_snapshot23.png Size: 13 KB
You got to strike when the moment is right without thinking
  • #492
  • Nov 11, 2015 1:47am Nov 11, 2015 1:47am
Quoting TheRealDeal
banks accumulating posisions all day long. So move is coming. But i guess at NYO
Do you know France, Canada, and United States are on a bank holiday? Who is going to move the NYO?
You cannot be extraordinary by being normal
  • #493
  • Nov 11, 2015 1:54am Nov 11, 2015 1:54am
Quoting dkrock
{quote} Do you know France, Canada, and United States are on a bank holiday? Who is going to move the NYO?
in less liquid markets you dont need much orders to push price. dont forget that. But you could expect more surprises.
  • #494
  • Nov 11, 2015 1:56am Nov 11, 2015 1:56am
Quoting TheRealDeal
{quote} in less liquid markets you dont need much orders to push price. dont forget that. But you could expect more surprises.
I take the day off when major currencies are closed. Good Luck
You cannot be extraordinary by being normal
  • #495
  • Nov 11, 2015 2:15am Nov 11, 2015 2:15am
we had HH on the EU. So finally market structure broken on LTF
  • #496
  • Nov 11, 2015 2:24am Nov 11, 2015 2:24am
hello guys!

I missed a nice short on EJ today, 50% rejection.....well...i take advantage of France holiday
Attached Image (click to enlarge)
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"What would you attempt to do, if you knew your success was a certainty?"
  • #497
  • Nov 11, 2015 3:02am Nov 11, 2015 3:02am
Perfect MOMO there,
  • #498
  • Nov 11, 2015 3:02am Nov 11, 2015 3:02am
Perfect MOMO there.
  • #499
  • Nov 11, 2015 3:11am Nov 11, 2015 3:11am
Got another entry after they raid the stops to prepare the long move, still in from 186.39
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_JPY_5 Mins_snapshot3.png Size: 24 KB
You got to strike when the moment is right without thinking
  • #500
  • Nov 11, 2015 3:25am Nov 11, 2015 3:25am
Quoting Vincelev
Got another entry after they raid the stops to prepare the long move, still in from 186.39 {image}
Shorted GJ myself..
"What would you attempt to do, if you knew your success was a certainty?"
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