Its amazing how asleep it was , until it hit the 101.250 area .. There where all sorts of players ready at that level..
that area was a
1. a round number
2. retail resistance
3. bank resistance
the hourly pin took out all the week shorts , that had their stops above the the swing high of 21:00 candle .. The Central Banks are very mean people. ...
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Quote Originally Posted by wallstreetcappers:
Nice trade..
Its amazing how asleep it was , until it hit the 101.250 area .. There where all sorts of players ready at that level..
that area was a
1. a round number
2. retail resistance
3. bank resistance
the hourly pin took out all the week shorts , that had their stops above the the swing high of 21:00 candle .. The Central Banks are very mean people. ...
Its amazing how asleep it was , until it hit the 101.250 area .. There where all sorts of players ready at that level..
that area was a
1. a round number
2. retail resistance
3. bank resistance
the hourly pin took out all the week shorts , that had their stops above the the swing high of 21:00 candle .. The Central Banks are very mean people. ...
good trade. I was kind of surprised it jumped off that hard. I got caught waiting for 101.20 Still waiting to see if it gets there tonight.
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Quote Originally Posted by Knoxpoker:
Its amazing how asleep it was , until it hit the 101.250 area .. There where all sorts of players ready at that level..
that area was a
1. a round number
2. retail resistance
3. bank resistance
the hourly pin took out all the week shorts , that had their stops above the the swing high of 21:00 candle .. The Central Banks are very mean people. ...
good trade. I was kind of surprised it jumped off that hard. I got caught waiting for 101.20 Still waiting to see if it gets there tonight.
I am disappointed that FXDD does not do a better job streaming news..it is not good.
I think that a lot of people are realizing that this is exactly what twitter was made for, and guys that have the news aggregation sites/ news pay sites (which were all the rage 5 years ago), are going to be out of the job once joe sixpack realizes that he doesn't have to go to drudge or fox or MSNBC for news that caters to his biases.
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Quote Originally Posted by wallstreetcappers:
That is a BIG list..
I am disappointed that FXDD does not do a better job streaming news..it is not good.
I think that a lot of people are realizing that this is exactly what twitter was made for, and guys that have the news aggregation sites/ news pay sites (which were all the rage 5 years ago), are going to be out of the job once joe sixpack realizes that he doesn't have to go to drudge or fox or MSNBC for news that caters to his biases.
up 25 pips so far this week .. I really should be waking up at 3 am est to trade the London open ... But not until the summer. .. That is when you can get 20 pips or so in a flash .. The Asian session is more transparent ....be back tommorow
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up 25 pips so far this week .. I really should be waking up at 3 am est to trade the London open ... But not until the summer. .. That is when you can get 20 pips or so in a flash .. The Asian session is more transparent ....be back tommorow
Seriously though, I just compared my twitter feed side by side with a pay site that I had on a demo, and was blown away by how much quicker my twitter feed was than the pay feed.
Probably because it is a guy at his desk retyping tweets that he gets on his twitter feed.
Event days are the best. So quick. less than a second and most places are reporting it.
almost a full minute before CNBC, Bloomberg etc.
Try it this friday.
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Seriously though, I just compared my twitter feed side by side with a pay site that I had on a demo, and was blown away by how much quicker my twitter feed was than the pay feed.
Probably because it is a guy at his desk retyping tweets that he gets on his twitter feed.
Event days are the best. So quick. less than a second and most places are reporting it.
good trade. I was kind of surprised it jumped off that hard. I got caught waiting for 101.20 Still waiting to see if it gets there tonight.
I liked that area 101.200 but once I dropped to the 5 min at 21:35 price hit 101.50 and popped right back up .. So I figured if I was right and all that resistance was there , price would not even sniff my stop... But I knew it was only a scalp. Not the best setup but I didnt see much elsee going on since the market was so slow...
And this was something I liked , if you look at the hourly from 2/4-@4-5-6-7-am est it tested that 101.212 level for 4 hours could not break it , and also it was the first pull back from the start of the up swing that started @ 2/4 1 am est ..I sometimes will trade a pullback but on higher timeframes.. Again did not feel all warm and fuzzy about it , but wanted something tonight ...
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Quote Originally Posted by rick3117:
good trade. I was kind of surprised it jumped off that hard. I got caught waiting for 101.20 Still waiting to see if it gets there tonight.
I liked that area 101.200 but once I dropped to the 5 min at 21:35 price hit 101.50 and popped right back up .. So I figured if I was right and all that resistance was there , price would not even sniff my stop... But I knew it was only a scalp. Not the best setup but I didnt see much elsee going on since the market was so slow...
And this was something I liked , if you look at the hourly from 2/4-@4-5-6-7-am est it tested that 101.212 level for 4 hours could not break it , and also it was the first pull back from the start of the up swing that started @ 2/4 1 am est ..I sometimes will trade a pullback but on higher timeframes.. Again did not feel all warm and fuzzy about it , but wanted something tonight ...
Give me your top 5 on that list and I will try. I dont have twitter, not my style of course but if it meant fast streaming news I would follow 5-10 to make money off it...
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rick,
Give me your top 5 on that list and I will try. I dont have twitter, not my style of course but if it meant fast streaming news I would follow 5-10 to make money off it...
I have been following them for a few years now..I have to say that they have actually sort of harmed my investment approach..they are so focused on gold and anti markets that their perspective is skewed and sort of inaccurate.
I do like reading their inside view, but there is a limit to the benefit of following their agenda..
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Quote Originally Posted by rick3117:
You should also add @zerohedge
I have been following them for a few years now..I have to say that they have actually sort of harmed my investment approach..they are so focused on gold and anti markets that their perspective is skewed and sort of inaccurate.
I do like reading their inside view, but there is a limit to the benefit of following their agenda..
I just like their macro comentary. I think you are right though, but as long as you know their agenda you can take what they say with a grain of salt. Just like knowing that forex.com and Dailyfx.com have an interest in inducing trades, because they are affiliated with brokers.
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I just like their macro comentary. I think you are right though, but as long as you know their agenda you can take what they say with a grain of salt. Just like knowing that forex.com and Dailyfx.com have an interest in inducing trades, because they are affiliated with brokers.
Nice trade ... Quick pips .. Best feeling in the world...
Hey Rick what did you see that made you pull the trigger?
Look to the far left on the 15 min chart @2/3/14 @ 3:30 am eastern time .. you see all the emas cross??? Now price tested that area twice last night. right around the 101.540 level .. after it tested it , price had small up thrusts, then price broke that level @ 2/5/14 @ 7:30 am est. price fell to and closed @ 100.950 .. Now price rallied back up past that 101.720 area .. What I look for is a retrace back to the area around the ema crosses that happend on 2/3/14 @3:30 am est time...The logic behind it is ..If price bounced twice and then fell thru it to the down side, then ran back up past it on the new uptrend , if price gets near that level again I will be ready to pull the trigger...So I already watched price hold at that area twice, so I know it will be an active level once it gets near it again... Look at the pin bar on the 15 min chart @2/5/14 that formed @ 11:00 am est ...Right as it got around that level it picked up all the buy orders ...then right after a hugh bullish candle formed to give a nice reward ...It ran about 30 pips and is now at a wall @101.473... Hope this helps. people to see true support and resistence on the chart. And active areas ...
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Quote Originally Posted by rick3117:
USD/JPY I am in at 101.10
Stop @ 100.70 Limit @ 101.90
Nice trade ... Quick pips .. Best feeling in the world...
Hey Rick what did you see that made you pull the trigger?
Look to the far left on the 15 min chart @2/3/14 @ 3:30 am eastern time .. you see all the emas cross??? Now price tested that area twice last night. right around the 101.540 level .. after it tested it , price had small up thrusts, then price broke that level @ 2/5/14 @ 7:30 am est. price fell to and closed @ 100.950 .. Now price rallied back up past that 101.720 area .. What I look for is a retrace back to the area around the ema crosses that happend on 2/3/14 @3:30 am est time...The logic behind it is ..If price bounced twice and then fell thru it to the down side, then ran back up past it on the new uptrend , if price gets near that level again I will be ready to pull the trigger...So I already watched price hold at that area twice, so I know it will be an active level once it gets near it again... Look at the pin bar on the 15 min chart @2/5/14 that formed @ 11:00 am est ...Right as it got around that level it picked up all the buy orders ...then right after a hugh bullish candle formed to give a nice reward ...It ran about 30 pips and is now at a wall @101.473... Hope this helps. people to see true support and resistence on the chart. And active areas ...
I was looking at that EMA cross, I am actually using the values that you mentioned, earlier. I like them much better. 8,20,50,100.
I was using 15,30,100 before, and I like the aspect of being "warned" with a breach of the 20.
Aside from that, I had a level of price that I knew I wanted. 101.20 and below.
I just needed to know that the 100.60 level wasn't going to break, I pulled the trigger when I felt confident on the 5 min chart, then gained confidence when the 15 min panned out.
now looking at 1hr charts for exit.
I was taking a shower when my trade $hit the bed. In retrospect I should have set my limit lower, would have gotten out quick with over 50 pips. Not complaining about the 35 pips I currently have, but would rather not wait for a profit if I don't have to. I am just glad that I decided to gut it out, and not close when it hit back down into negative territory. Inching it's way up now we will see another retest in Japanese trading tonight.
I think this runs up to 102 territory sooner than later.
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I was looking at that EMA cross, I am actually using the values that you mentioned, earlier. I like them much better. 8,20,50,100.
I was using 15,30,100 before, and I like the aspect of being "warned" with a breach of the 20.
Aside from that, I had a level of price that I knew I wanted. 101.20 and below.
I just needed to know that the 100.60 level wasn't going to break, I pulled the trigger when I felt confident on the 5 min chart, then gained confidence when the 15 min panned out.
now looking at 1hr charts for exit.
I was taking a shower when my trade $hit the bed. In retrospect I should have set my limit lower, would have gotten out quick with over 50 pips. Not complaining about the 35 pips I currently have, but would rather not wait for a profit if I don't have to. I am just glad that I decided to gut it out, and not close when it hit back down into negative territory. Inching it's way up now we will see another retest in Japanese trading tonight.
I think this runs up to 102 territory sooner than later.
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