Not yet , I am assuming we will have a big run up before we see a good down move. "They" will want to trap more long traders and stop them out on the way down before they start a long trip down. I am waiting for 1 or 2 up thrusts before I think to go short again. If I wanted to get crazy I could set a sell order at 103.00 because I know for sure it will have alot of trouble breaking that level. But I never trade like that, I like to see confirmation. If it does continue thru 103.00 there is no way it is going thru 103.150. I will set a sell order at that level for sure. I will tell you why in a minute..
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Not yet , I am assuming we will have a big run up before we see a good down move. "They" will want to trap more long traders and stop them out on the way down before they start a long trip down. I am waiting for 1 or 2 up thrusts before I think to go short again. If I wanted to get crazy I could set a sell order at 103.00 because I know for sure it will have alot of trouble breaking that level. But I never trade like that, I like to see confirmation. If it does continue thru 103.00 there is no way it is going thru 103.150. I will set a sell order at that level for sure. I will tell you why in a minute..
when you get a chance open a 15 min chart of USD/JPY and put your 8 -20-50-100 ema on the chart.rt Tell me what you see at 1/29/14 @ 4:15 am if you are using NY close charts.
and what do you see @ 1/28/14 @ 12:45 pm on the chart same 15 min chart.. You will not learn this anywhere and noone will know to teach you this..
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when you get a chance open a 15 min chart of USD/JPY and put your 8 -20-50-100 ema on the chart.rt Tell me what you see at 1/29/14 @ 4:15 am if you are using NY close charts.
and what do you see @ 1/28/14 @ 12:45 pm on the chart same 15 min chart.. You will not learn this anywhere and noone will know to teach you this..
very good .. that is the area of concern in the future. Not pivot points or fib levels and all that dung.. Thats where you look for resistance in days ahead, and look for signals.@ 102.851 the pair is struggling to break that mark. And as we see Rick got triggered and lost quicker than anything he could have imagined. He went long at what he saw as a place that it would break thru. When he could have waited for a break and retest of the break area.
Now every meatball in the country went short at that pin bar where Rick went long , they might grab some pips maybe 15 or so but will shortly be stopped out once the pair rides higher to the next resistance. Now that we have not seen any signals to go short and the pair has yet to have 2 closes below the 8 ema, we hang tight, at least wait for the pair to get to the round number of 103.00 that is where there could be a big sell order , meaning banks might have orders there or even experianced retail traders will know there will be alot of action there, as well as resistance 15 pips above it.
Point of story if it did blow thru and retest the the candle that blew thru the number , then smart money has no interest in bringing this pair higher. They are looking to suck the noobs in and stop them out on the way down. Pairs have a tough time getting past 2 resistance points let alone 1. Also the daily will tell you the last thing right now is a long. You have to break resistance the 8 20 and 50 ema. That would be one powerful candle.....and the pair didnt even test the 20 ema on the 15 min. Not ready to drop in my eyes . Screen time will be the only way to learn this, staring at that screens till your eyes cant focus.
OK look for a down move to suck shorts in . then an up thrust to around 103 flat then signal to go short . like for a break of the 8 and retest of that same candle and fail on the 15 min chart, not the best signal but also include a short stop. But only at the 103 area or above, you will have alot of other traders looking for the same thing at that level..And right now you have divergence, and the MACD is going to cross, great time to suck in the shorts. This tells me that there will be a set up soon.. Dont get me wrong , after the cross of the MACD it could drop, but I would never count on that , I would rather see if a trap is coming.. Got all that ??
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very good .. that is the area of concern in the future. Not pivot points or fib levels and all that dung.. Thats where you look for resistance in days ahead, and look for signals.@ 102.851 the pair is struggling to break that mark. And as we see Rick got triggered and lost quicker than anything he could have imagined. He went long at what he saw as a place that it would break thru. When he could have waited for a break and retest of the break area.
Now every meatball in the country went short at that pin bar where Rick went long , they might grab some pips maybe 15 or so but will shortly be stopped out once the pair rides higher to the next resistance. Now that we have not seen any signals to go short and the pair has yet to have 2 closes below the 8 ema, we hang tight, at least wait for the pair to get to the round number of 103.00 that is where there could be a big sell order , meaning banks might have orders there or even experianced retail traders will know there will be alot of action there, as well as resistance 15 pips above it.
Point of story if it did blow thru and retest the the candle that blew thru the number , then smart money has no interest in bringing this pair higher. They are looking to suck the noobs in and stop them out on the way down. Pairs have a tough time getting past 2 resistance points let alone 1. Also the daily will tell you the last thing right now is a long. You have to break resistance the 8 20 and 50 ema. That would be one powerful candle.....and the pair didnt even test the 20 ema on the 15 min. Not ready to drop in my eyes . Screen time will be the only way to learn this, staring at that screens till your eyes cant focus.
OK look for a down move to suck shorts in . then an up thrust to around 103 flat then signal to go short . like for a break of the 8 and retest of that same candle and fail on the 15 min chart, not the best signal but also include a short stop. But only at the 103 area or above, you will have alot of other traders looking for the same thing at that level..And right now you have divergence, and the MACD is going to cross, great time to suck in the shorts. This tells me that there will be a set up soon.. Dont get me wrong , after the cross of the MACD it could drop, but I would never count on that , I would rather see if a trap is coming.. Got all that ??
trigger?? if you mean signal yes .. you can trade a big bullish of bearish candle that blows thru to 50 ema , that in my eyes are the big boys sending the market in the direction they want. Then and only then you look at the bottom of that candle for your entry to go in the direction of the candle... Look at your charts and look for areas were you see a long bullish or bearish candle that blows thru the 50ema. Then look where price retraces and starts again in the direction of that blow thru candle. Do it on the 15 min chart.
Here @ 1/29/14 @ 22:45 you have a large bullish candle that went right thru the 50 ema. look at the retest of that ONE candle @ 1/30/14 @ 4:00 am ..SO price went up after the blow thru then retraced back to 102.227 could not break that level then started a great trend up of 70 pips.. There are actually 2 really bullish candles one at 22:45 and 23:00 times.. even better . Now everyone and there sister went long there just to get killed right away, never getting in the positive. So I wait for scenerios like that. Great example of the retail trader getting thier clock cleaned.. Got all that??
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trigger?? if you mean signal yes .. you can trade a big bullish of bearish candle that blows thru to 50 ema , that in my eyes are the big boys sending the market in the direction they want. Then and only then you look at the bottom of that candle for your entry to go in the direction of the candle... Look at your charts and look for areas were you see a long bullish or bearish candle that blows thru the 50ema. Then look where price retraces and starts again in the direction of that blow thru candle. Do it on the 15 min chart.
Here @ 1/29/14 @ 22:45 you have a large bullish candle that went right thru the 50 ema. look at the retest of that ONE candle @ 1/30/14 @ 4:00 am ..SO price went up after the blow thru then retraced back to 102.227 could not break that level then started a great trend up of 70 pips.. There are actually 2 really bullish candles one at 22:45 and 23:00 times.. even better . Now everyone and there sister went long there just to get killed right away, never getting in the positive. So I wait for scenerios like that. Great example of the retail trader getting thier clock cleaned.. Got all that??
ok USD/JPN entry order @ 102.740 broke support and picking up all the sell orders, I have to see a retest of 102.740 to trust this down move. Traders that trade MACD divergence might win one here. But if it sniffs around 102.70 or above again I will like it alot better .Have my order ready at 102.740 with a 20 pip stop.. 30 pip limit
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ok USD/JPN entry order @ 102.740 broke support and picking up all the sell orders, I have to see a retest of 102.740 to trust this down move. Traders that trade MACD divergence might win one here. But if it sniffs around 102.70 or above again I will like it alot better .Have my order ready at 102.740 with a 20 pip stop.. 30 pip limit
Because if it starts to go back up and gets around 102.700 I can set a short stop above the high at 102.900 and it will only have to be 20 pips. There is no doubt in my mind it will test that 22:30 15 min bear candle. Could be tonight, could be tommorow, but my order will be waiting to short then. 102.328 if it breaks that its gone.
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Because if it starts to go back up and gets around 102.700 I can set a short stop above the high at 102.900 and it will only have to be 20 pips. There is no doubt in my mind it will test that 22:30 15 min bear candle. Could be tonight, could be tommorow, but my order will be waiting to short then. 102.328 if it breaks that its gone.
OK just woke up to notice my order got triggered at 102.750 as the pair went up to retest 102.775 just like I said , then ran 63 pips to the downside..picked up 37 pips ..Its like having a .crystal ball..
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OK just woke up to notice my order got triggered at 102.750 as the pair went up to retest 102.775 just like I said , then ran 63 pips to the downside..picked up 37 pips ..Its like having a .crystal ball..
yes buy order was a little high .. Just got in .. If it was during the day I would have done it manually.. 103.319 stopped the bleeding on the first hard down move...there were alot of orders sitting around that area you can see on the 15 min all the pins bottom of the candles.
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yes buy order was a little high .. Just got in .. If it was during the day I would have done it manually.. 103.319 stopped the bleeding on the first hard down move...there were alot of orders sitting around that area you can see on the 15 min all the pins bottom of the candles.
great video on why your stops get hit, and its not the broker that is doing it .. What he did say is that the OTC forex market is like the "Wild wild west." What he did not say is that the Central Bank is the one hitting your stops, and pulling or pushing the market in the direction they want... I hope I can help and you can become a better trader. I have been I the shoes of the novice, and its the worst feeling in the world to win 3 trades and think you have the game won and then to lose 6 in a row. I know how I felt and I could not sleep at night .
https://youtu.be/csgucgxz9pY
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great video on why your stops get hit, and its not the broker that is doing it .. What he did say is that the OTC forex market is like the "Wild wild west." What he did not say is that the Central Bank is the one hitting your stops, and pulling or pushing the market in the direction they want... I hope I can help and you can become a better trader. I have been I the shoes of the novice, and its the worst feeling in the world to win 3 trades and think you have the game won and then to lose 6 in a row. I know how I felt and I could not sleep at night .
NO .. I came across that video while i was looking for forex order book.. Meaning where big banks have large orders sitting. I had a service I used to pay for but canceled it once you get a feel for where banks and other large players have their orders sitting. The only problem with the service is sometimes banks will put pending orders in that turn out to be fake..This topic is a whole other story. He does explain about stop hunting , I hear alot about on chat rooms. There is no such thing as a stop hunt by brokers, its the banks that will stop the retail trader out 90 percent of the time...
Most of the people on the chatrooms are so "green" lets just say listening to them is not what you want to do.
I stick to picking tops and bottoms of trends..
You know what the saying is?
"They trend is your friend till the end."
"Go long till your wrong."
I know there are alot of people backchecking my info to see if it holds merit. I know there are plenty of people watching my calls and how they are almost to the PIP. What I am surprised at is that there are not more questions...After a couple of more winners this week I think more traders looking but not responding to this thread will start coming out of the woodwork. I invite all questions that I can answer. It is such a complex game , until you have such a trustworthy and proven plan.
The job market is not getting any better, I went out there to work again and its disgusting. Lets just say you open 3 lots and catch a 30-40 pip runner ... That is some serious cake.. I know some people cant trade 3 lots .. But if you follow a trading plan it is not out of reach.. If someone can scrap up $2000.00 trading capital , there is no doubt they can make 500 a month trading lots at 30,000 , or 3 dollars a pip..You need to average 8 pips a day , out of 25 trading days.. 166 pips a month.. To make 500 a month.. The money is there for the taking..
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NO .. I came across that video while i was looking for forex order book.. Meaning where big banks have large orders sitting. I had a service I used to pay for but canceled it once you get a feel for where banks and other large players have their orders sitting. The only problem with the service is sometimes banks will put pending orders in that turn out to be fake..This topic is a whole other story. He does explain about stop hunting , I hear alot about on chat rooms. There is no such thing as a stop hunt by brokers, its the banks that will stop the retail trader out 90 percent of the time...
Most of the people on the chatrooms are so "green" lets just say listening to them is not what you want to do.
I stick to picking tops and bottoms of trends..
You know what the saying is?
"They trend is your friend till the end."
"Go long till your wrong."
I know there are alot of people backchecking my info to see if it holds merit. I know there are plenty of people watching my calls and how they are almost to the PIP. What I am surprised at is that there are not more questions...After a couple of more winners this week I think more traders looking but not responding to this thread will start coming out of the woodwork. I invite all questions that I can answer. It is such a complex game , until you have such a trustworthy and proven plan.
The job market is not getting any better, I went out there to work again and its disgusting. Lets just say you open 3 lots and catch a 30-40 pip runner ... That is some serious cake.. I know some people cant trade 3 lots .. But if you follow a trading plan it is not out of reach.. If someone can scrap up $2000.00 trading capital , there is no doubt they can make 500 a month trading lots at 30,000 , or 3 dollars a pip..You need to average 8 pips a day , out of 25 trading days.. 166 pips a month.. To make 500 a month.. The money is there for the taking..
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