Think we are entering distribution phase - new low should be broken in order to clean up the stops below 1.4160 - expecting a nice gravestone doji soon on which I hope to load up.
- #2,084
- Mar 23, 2016 8:44am Mar 23, 2016 8:44am
- Joined Oct 2014 | Status: lonely | 2,261 Posts
Look at the last 3 days on EU. Sellers comfortably adding more and more sells. No highs taken out. They are sitting and smilegetting more and more comfortable with the situation anticipating the price to fall further like a rock and give them more and more profits.
Banks -->
LIQUIDITY Sellers are going to suffer soon! TRD
- #2,089
- Mar 23, 2016 12:23pm Mar 23, 2016 12:23pm
- | Joined Oct 2012 | Status: in between fear and euphoria | 830 Posts
{quote} How did you fair with todays market? It was confusing in London Session
"left" longs on 4096 and 4138 - SL @ 4069
will see tomorrow, maybe it will be:
Inserted Video
- #2,094
- Mar 23, 2016 1:56pm Mar 23, 2016 1:56pm
- | Joined Oct 2012 | Status: in between fear and euphoria | 830 Posts
{quote} I know that, but I noticed some of the red news does not cause the spikes/big moves. Is it because people are not expecting anything from these news or simply MM are not interested to add orders into market at that moment when news is not reacting like they expect?
- you will get the larger picture after that.I have bolded what actually this thread is trying to teach you - to think in this manner. I believe TRD would tell you now to actually forget everything you have learned
and concentrate on market makers/banks/hedge funds psychology. It is the exact opposite of ours.
- #2,096
- Mar 23, 2016 2:00pm Mar 23, 2016 2:00pm
- | Joined Oct 2012 | Status: in between fear and euphoria | 830 Posts
{quote} {image} How come our H4 looks different? Does it mean my broker is rigged? xD Can anyone else post a live chart of theirs on GBPUSD H4?
Levels are the same - #2,097
- Edited 5:02pm Mar 23, 2016 4:34pm | Edited 5:02pm
- Joined Oct 2014 | Status: lonely | 2,261 Posts
{quote} Wait so what happened? I saw EU keep moving lower, I guess you were buying it right? How did you survive?
But thats not the most important thing. Important for me is to accumulate along with the banks. Getting best price without slippage.
Because tomorrow we will have TIME + PRICE concept in full motion
I dont recommend that kind of trading. So stick to your sniper trades
- #2,098
- Mar 23, 2016 5:29pm Mar 23, 2016 5:29pm
- Joined Oct 2014 | Status: lonely | 2,261 Posts
{quote} It depends on how many orders have been accumulated. I'll have some free time over the weekend, so I'll draw some charts on how I think market makers/banks see the charts
Have you ever wondered why price takes out a high and then comes back and runs in other direction?
Why S/R line is reached, price crosses it , runs a bit further then reverses and goes in your direction after you have been taken out?
What flag fail, why perfect pinbars fail? Why price pattern fail?
- #2,099
- Mar 23, 2016 5:31pm Mar 23, 2016 5:31pm
- | Joined Oct 2012 | Status: in between fear and euphoria | 830 Posts
{quote} I meant forget everything in the sense, dont trade retailer concepts. But know them, because stop hunt happens because of them. If there is no stop hunt area around, banks will create one to make you enter or to make you exit too early. They CREATE the trap, the "known" price structure form the books in order to MAKE you enter and put your SL, where they WANT you put. Have you ever wondered why price takes out a high and then comes back and runs in other direction? Why S/R line is reached, price crosses it , runs a bit further then reverses...
- end of week/weekend, no time atm
{quote} Survive? What are you talking about? If you mean how much DD in pips i can handle without being hit. Much more than this. But thats not the most important thing. Important for me is to accumulate along with the banks. Getting best price without slippage. Because tomorrow we will have TIME + PRICE concept in full motion
D Soon big enough to play as market makers xD