The Swamp | Page 397 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #7,921
  • Jul 31, 2016 12:57pm Jul 31, 2016 12:57pm
Quoting gatorinla
{quote} if you talking about eu.. it never got past 1072.. you could wait still. i don't know if it will break support. u can consider 1089ish a support today. more R on chart.. read yesterday for that most times entry.. support on this chart in that area {image}
I am sorry. Should have been more clear here. UJ buy triggered and stop hit at 102.8x and 102.3x respectively. thank you for the reply man! Next time I will be more clear
  • #7,922
  • Jul 31, 2016 11:09pm Jul 31, 2016 11:09pm
Quoting NaughtyPip
Expect dollar strength going into next week. {image}
dollar strength over next couple days imo. Lots of unfilled orders to the upside on dx. Books need filling. NFP not till friday. If us economy is weak then the big guys will want to sell at a higher price come friday, they won't let price fall before then.
  • #7,923
  • Edited Aug 1, 2016 1:18am Jul 31, 2016 11:16pm | Edited Aug 1, 2016 1:18am
Quoting NaughtyPip
{quote} dollar strength over next couple days imo. Lots of unfilled orders to the upside on dx. Books need filling. NFP not till friday. If us economy is weak then the big guys will want to sell at a higher price come friday, they won't let price fall before then.
How do you know any of these ? the amount of unfilled orders and other stuff ?
  • #7,924
  • Jul 31, 2016 11:27pm Jul 31, 2016 11:27pm
Quoting edyraper
{quote} How do you know any of these ? the amount of unfilled orders and other bs ?
Why is it bs? I know from 6 years of staring at charts for 8 hours a day.

When price moves quickly from one price to another, it means that there was lack of liquidity/ more buyers than sellers or vice versa, as you know. If price moves really quick i.e. with hugh momentum and little pullbacks then it is an unefficient market, and orders will not have been fulfilled. Therefore institutions will move the price back to that area to fullfill orders that otherwise would be left behind, otherwise they lose money. This also happens in area's where buyers/sellers are trapped and is why we get the phenomenom of support and resistance.
  • #7,925
  • Jul 31, 2016 11:51pm Jul 31, 2016 11:51pm
Quoting NaughtyPip
{quote} Why is it bs? I know from 6 years of staring at charts for 8 hours a day. When price moves quickly from one price to another, it means that there was lack of liquidity/ more buyers than sellers or vice versa, as you know. If price moves really quick i.e. with hugh momentum and little pullbacks then it is an unefficient market, and orders will not have been fulfilled. Therefore institutions will move the price back to that area to fullfill orders that otherwise would be left behind, otherwise they lose money. This also happens in area's where...
How do you know they haven't filled their orders yet. 96.19 was bear norm monthly closed below PA wise things are set.
  • #7,926
  • Aug 1, 2016 12:00am Aug 1, 2016 12:00am
Quoting NaughtyPip
{quote} Why is it bs? I know from 6 years of staring at charts for 8 hours a day. When price moves quickly from one price to another, it means that there was lack of liquidity/ more buyers than sellers or vice versa, as you know. If price moves really quick i.e. with hugh momentum and little pullbacks then it is an unefficient market, and orders will not have been fulfilled. Therefore institutions will move the price back to that area to fullfill orders that otherwise would be left behind, otherwise they lose money. This also happens in area's where...
​
if that is what you have got from 6 years staring at the chart then you are on the wrong path, it is not how it works.
you are assuming to much price control and more importantly price will not pass an order without fulfilling it therefore all the orders at a price point will have been dealt if the price has moved through it.
  • #7,927
  • Aug 1, 2016 12:13am Aug 1, 2016 12:13am
Quoting MaxDoom
{quote} ​ if that is what you have got from 6 years staring at the chart then you are on the wrong path, it is not how it works. you are assuming to much price control and more importantly price will not pass an order without fulfilling it therefore all the orders at a price point will have been dealt if the price has moved through it.
Welcome back Max
  • #7,928
  • Aug 1, 2016 12:33am Aug 1, 2016 12:33am
D
Quoting MaxDoom
{quote} ​ if that is what you have got from 6 years staring at the chart then you are on the wrong path, it is not how it works. you are assuming to much price control and more importantly price will not pass an order without fulfilling it therefore all the orders at a price point will have been dealt if the price has moved through it.

Are you saying that every limit or stop order in the market is fulfilled no matter how big so long as price passes through it?
  • #7,929
  • Aug 1, 2016 12:35am Aug 1, 2016 12:35am
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #7,930
  • Aug 1, 2016 12:51am Aug 1, 2016 12:51am
Quoting NaughtyPip
D{quote} Are you saying that every limit or stop order in the market is fulfilled no matter how big so long as price passes through it?
You are mistaking the filling of orders and the building of positions.

Every order is filled but banks often enter very smoothly into positions over several weeks and sometimes even months.

Really Order flow is not something you can dismiss as bs but is also not something which can be used as the core of a strategy. Unless you are trading a $300mn+ account with 1:1 leverage or something... Or if you're trading Gold/Indices/other commoddities
  • #7,931
  • Aug 1, 2016 12:55am Aug 1, 2016 12:55am
Quoting alexpi
{quote} You are mistaking the filling of orders and the building of positions. Every order is filled but banks often enter very smoothly into positions over several weeks and sometimes even months. Really Order flow is not something you can dismiss as bs but is also not something which can be used as the core of a strategy. Unless you are trading a $300mn+ account with 1:1 leverage or something...
Yep accumulation/ distribution etc, honestly I understand all that. That was the first thing I learnt back in 2010 when I read master the markets. But I don't use volume anymore. It's hard to convey what I am getting at in a few sentences, it would take pages. But there are also exceptions to the rule. Anyway I guess we will let charts do the talking. I see dollar going up over next couple of days. If not then no love lost.
  • #7,932
  • Aug 1, 2016 12:59am Aug 1, 2016 12:59am
Quoting MaxDoom
{quote} ​ if that is what you have got from 6 years staring at the chart then you are on the wrong path, it is not how it works. you are assuming to much price control and more importantly price will not pass an order without fulfilling it therefore all the orders at a price point will have been dealt if the price has moved through it.

Ahh, so nice to see your name on the thread. Welcome back man, we have been talking about you last week.
  • #7,933
  • Aug 1, 2016 1:38am Aug 1, 2016 1:38am
Quoting MaxDoom
{quote} ​ if that is what you have got from 6 years staring at the chart then you are on the wrong path, it is not how it works. you are assuming to much price control and more importantly price will not pass an order without fulfilling it therefore all the orders at a price point will have been dealt if the price has moved through it.
Mr Doom welcome back
  • #7,934
  • Aug 1, 2016 1:44am Aug 1, 2016 1:44am
uk manufacturing took a nut kick.. it also has q2 R 1.33xx at highs . if it can't drop it now. that does not promising for those wanting a large drop. some other catalyst thursday and friday to move it. a Q2 R isn't one to spit at. even now 3177 could be attracting it with some 3160 ish as a st support. on the other hand, 3903 is an attractant. that's the one i have played for over the past few weeks. uk news thurs, u.s. nfp wed and fri. closes above those dotted lines may be positive for my trades.. atm just the uj on my side
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 61 KB
those who can, do. those who cant, talk about those who can
  • #7,935
  • Aug 1, 2016 1:48am Aug 1, 2016 1:48am
Quoting NaughtyPip
{quote} Why is it bs? I know from 6 years of staring at charts for 8 hours a day. When price moves quickly from one price to another, it means that there was lack of liquidity/ more buyers than sellers or vice versa, as you know. If price moves really quick i.e. with hugh momentum and little pullbacks then it is an unefficient market, and orders will not have been fulfilled. Therefore institutions will move the price back to that area to fullfill orders that otherwise would be left behind, otherwise they lose money. This also happens in area's where...
That what you are talking about is behavior in future markets not forex. Forex is way to liquid to miss orders, just my 2 cents.
  • #7,936
  • Aug 1, 2016 1:49am Aug 1, 2016 1:49am
Quoting gatorinla
uk manufacturing took a nut kick.. it also has q2 R 1.33xx at highs . if it can't drop it now. that does not promising for those wanting a large drop. some other catalyst thursday and friday to move it. a Q2 R isn't one to spit at. even now 3177 could be attracting it with some 3160 ish as a st support. on the other hand, 3903 is an attractant. that's the one i have played for over the past few weeks. uk news thurs, u.s. nfp wed and fri. closes above those dotted lines may be positive for my trades.. atm just the uj on my side {image}
maby interesting for intraday, there is a pivot cluster little deeper. of course nothing important long term but intraday may get a visit
Attached Image (click to enlarge)
Click to Enlarge Name: Cluster GBP.PNG Size: 18 KB
  • #7,937
  • Aug 1, 2016 1:50am Aug 1, 2016 1:50am
Quoting gatorinla
uk manufacturing took a nut kick.. it also has q2 R 1.33xx at highs . if it can't drop it now. that does not promising for those wanting a large drop. some other catalyst thursday and friday to move it. a Q2 R isn't one to spit at. even now 3177 could be attracting it with some 3160 ish as a st support. on the other hand, 3903 is an attractant. that's the one i have played for over the past few weeks. uk news thurs, u.s. nfp wed and fri. closes above those dotted lines may be positive for my trades.. atm just the uj on my side {image}
gu q2,, 3332 the 00 est one. biggest drop in 18 years for uk
Attached Image
those who can, do. those who cant, talk about those who can
  • #7,938
  • Aug 1, 2016 1:58am Aug 1, 2016 1:58am
uj is below that dotted line with closes (102.49).. if i can do the same with -102.07, i don't see a whole lot of reason for it to stop dropping.
Attached Image
those who can, do. those who cant, talk about those who can
  • #7,939
  • Aug 1, 2016 2:01am Aug 1, 2016 2:01am
Quoting gatorinla
uk manufacturing took a nut kick.. it also has q2 R 1.33xx at highs . if it can't drop it now. that does not promising for those wanting a large drop. some other catalyst thursday and friday to move it. a Q2 R isn't one to spit at. even now 3177 could be attracting it with some 3160 ish as a st support. on the other hand, 3903 is an attractant. that's the one i have played for over the past few weeks. uk news thurs, u.s. nfp wed and fri. closes above those dotted lines may be positive for my trades.. atm just the uj on my side {image}
gu is close to 3177 atm.. we will see what happens after. uj closed below 102.27 now.. it may be ripe soon.
those who can, do. those who cant, talk about those who can
  • #7,940
  • Aug 1, 2016 2:01am Aug 1, 2016 2:01am
Quoting PipJet
{quote} maby interesting for intraday, there is a pivot cluster little deeper. of course nothing important long term but intraday may get a visit {image}
D-PP is 3227 isn't it ?
or 3222, there is a bit slippage I guess. but yours is really low... ?
Attached Image (click to enlarge)
Click to Enlarge Name: DPP.png Size: 21 KB
30 traders viewing now