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  • #1,114,841
  • Jun 6, 2017 4:10pm Jun 6, 2017 4:10pm
Quoting denisius
{quote} Now you scare me. I called my broker already, he promised manual stop at my SL. But I might will listen to you !
you might think of what a stop/loss is, it is a stop/loss order ... meaning when the set limit is reached the order to sell/buy the equivalent of your open position get's triggered to close your position. When you have something like a flash crash a a massive spike, you order gets triggered at the set value but it does not mean it will be executed at this value, it will be executed at the next possible value, so you can still make a massive loss even with a stop/loss set. They work well in normal markets, but in extreme moves they won't help at all.
  • #1,114,842
  • Jun 6, 2017 4:11pm Jun 6, 2017 4:11pm
Quoting Connors
{quote} Pissing me off so bad as well. Took it @1.1276 Stop @1.1300 TP @1.1220
I dont expect it to go down for next 3hrs.
  • #1,114,843
  • Jun 6, 2017 4:11pm Jun 6, 2017 4:11pm
Quoting Connors
Does anyone have any clue what the price action was about today? I mean seriously what the fuck.. It managed to end the day without touching any significant supply or demand area, amazing job. Tomorrow can get worse, depending on tonight's close. In case it closes above weekly open, during Asia it may hit orders above 1.1300 but I am not really sure what to make of it. Asking myself why they haven't done it already, probably has sth to do with option expiries on Thursday.
If you can see where value is you will have a good idea of what the institutions are up to.
Looking at it from a technical point of view you can see from market profile below what price is bullish. Price goes up in the low vol Asian period.
When price goes up in the low vol period expect it to go down in the high vol period. Technically value (Point of control ) from yesterday is below the price at open. Usually they will go and retest that area to see if there is any more business there.

When the guys come into their desks for the European session they are not going to buy it at that high price. Its expensive. They want to go long but they need their discount first.
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The chart below the blue line is the main line that values EURUSD. Price is at value at the open.
First sell at the red box as value starts to drop but price goes up.

There is a certain price area where they push price down to to get their discount. The target is the green box at 1.1243. See how far price has diverged from the blue line which doesnt move. They spend the rest of the morning accumulating for the long. They keep pushing it down , keep pushing it down until the next volume period when the NY desk opens.
Green and red boxes are other trades as price and value diverges.

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Boxing clever since 76.
  • #1,114,844
  • Jun 6, 2017 4:14pm Jun 6, 2017 4:14pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
[Quote = Connors; 9949807] {quote} Por favor, me leve seu e-mail. Eu ainda tenho suas declarações de corretores podem enviá-los para você. E verifique o que aconteceu em 6 de outubro do ano passado. Por volta das 2:00 da manhã, hora do Reino Unido. Fora do azul ... alguns corretores imprimiram 1.1400s. As paradas são inúteis quando isso acontece. 200 K no compartimento. [/ Quote]
OMG!!!
Studing..............
  • #1,114,845
  • Jun 6, 2017 4:14pm Jun 6, 2017 4:14pm
Quoting Connors
{quote} I mean seriously, why did they rush it so bad closer to yesterday's low and why didnt they penetrate any significant demand area. Too weird. Close is very bullish if it is above weekly open, but just maybe another dirty trick of the bastards. They want you to believe it, dont they always.

Here is what I think; May plan on brexit hurt GPb , She was a bitch toward free trade agreement, EU will block GBP further more if she will keep bitching, which means if she Wins GBP going down. Plus some one profit already on cheaper pound. Now if those 2 are related , higher pound not good for EU ether after brexit complete since there will be some trading regulations and they have to buy pound for E BUT eventually it will improve brits economy and bring pound higher. So if pound drops Euro goes up! I HOPE...... Don't judge my way of thinking, just read between the lines..... if you understand my gibberish!
  • #1,114,846
  • Jun 6, 2017 4:22pm Jun 6, 2017 4:22pm
Quoting copi88
{quote} If you can see where value is you will have a good idea of what the institutions are up to. Looking at it from a technical point of view you can see from market profile below what price is bullish. Price goes up in the low vol Asian period. When price goes up in the low vol period expect it to go down in the high vol period. Technically value (Point of control ) from yesterday is below the price at open. Usually they will go and retest that area to see if there is any more business there. When the guys come into their desks for the European...

Good thinking! Thanks! Very well explained point. I thought about it too just couldn't wrap my mind around it.
  • #1,114,847
  • Jun 6, 2017 4:23pm Jun 6, 2017 4:23pm
Short 50/50 Hope to be lucky today.
Special one
  • #1,114,848
  • Jun 6, 2017 4:23pm Jun 6, 2017 4:23pm
Quoting yanitsa
{quote} I do not know , but I favor pound lower .
Thank you.
  • #1,114,849
  • Jun 6, 2017 4:23pm Jun 6, 2017 4:23pm
Quoting Connors
{quote} Perfect, much appreciated. C, it also used to be the case but not anymore, price almost always returned back to London close next day one of those tricks I had since London seemed to have the best price at all times. Also the price action during London session has become so weird as if they let Asia or US to set the trends. I notice a significant change of price behaviour. You have any views on the matter, or do you agree at all?
Yes agree find the LDN close not as relevant for EURUSD as for GBPUSD.

But watch the volume cycles and look for where they took price during the low volume and where previous volume nodes areas on market profile for a targets unless these areas have already been rejected.
Boxing clever since 76.
  • #1,114,850
  • Jun 6, 2017 4:26pm Jun 6, 2017 4:26pm
Quoting Connors
Does anyone have any clue what the price action was about today? I mean seriously what the fuck.. It managed to end the day without touching any significant supply or demand area, amazing job. Tomorrow can get worse, depending on tonight's close. In case it closes above weekly open, during Asia it may hit orders above 1.1300 but I am not really sure what to make of it. Asking myself why they haven't done it already, probably has sth to do with option expiries on Thursday.
Traded within acceptable range.
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Was a yen/nzd day, neither eur nor usd were stronger than the other to break out.
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Tomorrow if Eur manages to stay above pivot & today's mid at 1.1267-62, it shall hit 1.1300-06 short after London. Depends on Aud news tonight and if it starts strengthening in the crosses.
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  • #1,114,851
  • Jun 6, 2017 4:44pm Jun 6, 2017 4:44pm
Quoting Connors
{quote} Thanks man, agree totally. I took a short @1.1276 but probably best to close it, dont think it can go anywhere I'd like during Asia. Was wondering why the feck they are not hitting 1.1300 already, painful to watch grass grow. That's all. Received you mail in between, looking into it.
Daily top has been rejected. nothing wrong with short here.
  • #1,114,852
  • Jun 6, 2017 4:46pm Jun 6, 2017 4:46pm
Quoting swing 123
{quote} Daily top has been rejected. nothing wrong with short here.
Another 2hrs 15mins will further confirm it.
  • #1,114,853
  • Jun 6, 2017 4:54pm Jun 6, 2017 4:54pm
Quoting Connors
{quote} It is sitting above weekly open, that is somewhat worrying with a short here man. Still targeting 1.1213?
Current number is 1278. Bulls not giving up. Will wait for short if below close in 2hrs.
  • #1,114,854
  • Jun 6, 2017 4:56pm Jun 6, 2017 4:56pm
Quoting Connors
{quote} It is sitting above weekly open, that is somewhat worrying with a short here man. Still targeting 1.1213?
Doesn't worry me. Do you think the handful of pips above weekly open means we're going to break new highs over the next 36 hours while waiting for Thursday's news or continue ranging to the down side since the top is being rejected? The answer seems pretty clear to me.
"The fun is in the hunt. Not the kill."
  • #1,114,855
  • Jun 6, 2017 5:31pm Jun 6, 2017 5:31pm
When prices broke above 1.1285 to 1.133 and 1.137 price at the beginning of his movement begins.
if you my trade,My-post analysis, subscribed to ME
  • #1,114,856
  • Jun 6, 2017 5:58pm Jun 6, 2017 5:58pm
Quoting Ron25
{quote} What would be the impact of UK election on EU pair? During the French Election, everybody knows that Euro goes up if Macron wins. This time, what would it be if PM May wins?
Lol, you answered the question. When Socialists win, currency going UP (more empty upbeat promises). When Cons win, currency going down (the end of the World talking start). I'm not biased with cons or leftists, by the way. I hate Trump, but like Theresa May.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,114,857
  • Jun 6, 2017 6:00pm Jun 6, 2017 6:00pm
Quoting Connors
{quote} It is not bearish that's what I mean, having a bias is essential while trading however one needs to evaluate both sides of the story. No need to be strong biased mate.
I'd say with the next 36 hours in mind it's definitely a bearish bias.
"The fun is in the hunt. Not the kill."
  • #1,114,858
  • Jun 6, 2017 6:03pm Jun 6, 2017 6:03pm
The air is getting thin up on Euro mountain, that is for sure!

Looks like 1.132 needs to hold for SHORTS after Thursday news and the day in general. Will be interesting for sure to see if there is a classic "blow off top"... Or if we go even higher. Man. Haha
  • #1,114,859
  • Jun 6, 2017 6:04pm Jun 6, 2017 6:04pm
I keep repeating since May, 23d, that untill Euro won't fill the gap at 1.0750 (on Daily chart) it won't go anywhere, but down.
Elliot Waves count say that we are at final correction's leg (Wave C) down. Then multi years UP trend begins.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #1,114,860
  • Jun 6, 2017 6:19pm Jun 6, 2017 6:19pm
Quoting Montrealer
I keep repeating since May, 23d, that untill Euro won't fill the gap at 1.0750 (on Daily chart) it won't go anywhere, but down. Elliot Waves count say that we are at final correction's leg (Wave C) down. Then multi years UP trend begins.
Yep... and once that uptrend begins we can all just walk away from FF and talk to eachother over Mojitos in the Caribbean for the next 10-15 years.

Or off the coast of Sicily.
"The fun is in the hunt. Not the kill."
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