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cigarguy replied Jan 21, 2011Which Way — eur/usd 15m consolidating. Which way Up or Down? Ranging between M4 and R1. On Friday, anybodys guess!! Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Yes, and they all claim no dealing desk, but have stop hunters !! No way to treat customers, but they don't care. I have been trading FX for some years now and still make $, but want to know whats really going on behind the scenes and use that to ...
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Yes they do. I don't want to get into a discussion on this topic and distract from this great thread. Just google "do they run stops on forex" for a start. This is another whole discussion and this is not the place to have it, but good to know. I ...
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Yes indeed. I don't use hard stops. I only place an emergency stop in case of major event. (ie war or computer crash or somethng major) I manage each trade. I have had my stops taken out too many times by stop hunters and then watch my trade go my ...
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Ok, we are on the same page! I just see there are a lot of new traders here. Knowledge is power. Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Did not mean to give you a headache with these details. lol
Regards, CigarguyPrice Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Be Careful — There may be pump and dump by PPM's before London close.
And candles with long wicks they will run your stops. Just my 2 cents. Regards, CigarguyPrice Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Shorted Eur/Usd — Took quick 10 pips, eur/usd 15 min. Got out price stalling by Fib R1. Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Dredding82, Congrats !! 84 viewers and 28 members viewing.
I've been around here for about 4 years. WOW Regards, CigarguyPrice Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Nice Bounce — Same move I was talking about. (sorry for late post) Too many screens to look at. lol Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Thats what I was referring to. It shot up at the top of the hour. Nice to know when it may move that fast. Just additional info to have using your system. Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Great! you caught the move from R1. Hope others did also.
I did not post the entire chart because I use one Broker for orders and another for charting, I have 3 different computers and screens. I only post from one puter. Next time I will ...Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Forgot, eur/usd 15m bounce off Fib R1 top of hour. Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Top of Hour Move — Dredding82, This is that top of the hour move I was talking about. Your system works great with 15 min t/f but traders should be aware when close to new hour bar. PA can change quickly. Just my opinion. Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 21, 2011
Bid Price & Timer — Thought some might like this little Bid Line Price & Timer indicator. Not mine found on another thread long time ago. Enjoy
Regards, CigarguyPrice Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 20, 2011
I agree. I trade 5m and 15m charts. I didn't mean to trade the Hour chart. What I was referring to was at the beginning of the hour bar (you can see this by watching a hour chart with a candle timer) that is a good time to pay attention and look for ...
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 20, 2011
Hour Trade — Dredding82, Do you give any credence to the Top of The Hour trade? I have watched the beginning of the hour bar and noticed many big moves take place at this time. It seems that each hour bar is good for one good move at the ...
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 20, 2011
Looks like Pump & Dump — Appears like the PPM's (private price manipulators) pumped, then some consolidation and then dumped prior to news. Also, the 2 moving averages ( 5 smoothed high and 5 smoothed low) may help some with consolidation ...
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 20, 2011
What about Pics? — Sounds good, but what about posting a pic for the others to see? A lot of new people here wanting to learn. Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System
- cigarguy replied Jan 19, 2011
Tpl and Indicators — Just for your information, I just downloaded both templates from the first post and all workig fine. Regards, Cigarguy
Price Action Trading with Indicators! The Freebie System