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  • #8,521
  • May 12, 2014 8:09am May 12, 2014 8:09am
Quoting Super_Mario
Small explanation, but i assume that's already obvious {image}
Can you please care to elaborate...?

I am going to further assume that you only place trades on "monday" or "friday" then because there are low volumes which can distort prices?
  • #8,522
  • May 12, 2014 8:14am May 12, 2014 8:14am
Quoting waleed.khan
{quote} Can you please care to elaborate...? I am going to further assume that you only place trades on "monday" or "friday" then because there are low volumes which can distort prices?
I dont think there's something else to elaborate, I marked key moments.
Greedy people who were buying panic are pushed out (punished for their greed) of their positions right now.
I dont place trades only on monday or friday, I place trades whenever such manipulations happen.
I don't care if price will return to 1280, I dont predict market that's too silly, all I care is to buy when they hunt stop losses and buy margin call sells, to set zero-loss stop order as soon as possible and get back to sleep (I explained that the other day)
  • #8,523
  • May 12, 2014 8:26am May 12, 2014 8:26am
Quoting Super_Mario
{quote} If it makes you feel better you can categorize me that way. But that's not quite correct because I never buy panic, panickers usually are punished - they are meat and fuel for trend, you can check the latest panic (ukraine-crimea related) spikes - they were drowned in blood. I buy BEFORE panic. When it's panic it's too late to buy. One of the patterns I was waiting for and talking about - happened just before/on the today's Australian session opening. That was not panic, that was usual low-liquidity market manipulation.
So was this an intra-day level trade then...? Your place of panic could also just mean that "U.S traders" are just waking up and increasing volumes as they see a psychological level breached! Now they are solely going to rely on support and resistance levels to see how much upside or downside the market has from this moment forth? You know as the old adage goes... "One man's garbage could be another's treasure"!
  • #8,524
  • May 12, 2014 8:46am May 12, 2014 8:46am
Quoting Super_Mario
Small explanation, but i assume that's already obvious {image}
I'm shorting on punishment
and I'm expecting it to at least retrace so I don't get stuck at 1287
  • #8,525
  • May 12, 2014 8:48am May 12, 2014 8:48am
Quoting Super_Mario
{quote} I don't care if price will return to 1280, I dont predict market that's too silly, all I care is to buy when they hunt stop losses and buy margin call sells, to set zero-loss stop order as soon as possible and get back to sleep (I explained that the other day)
Calling zones that are "panic", "greed" and "punished" Is primarily predicting market behavior - isn't it?
  • #8,526
  • May 12, 2014 8:52am May 12, 2014 8:52am
Quoting waleed.khan
{quote} Calling zones that are "panic", "greed" and "punished" Is primarily predicting market behavior - isn't it?
Predicting?
I don't think so.
"Zones" were marked AFTER it all happened.
History (even one tick which happened "just before" is still history) is the only thing available and trustworthy.
  • #8,527
  • May 12, 2014 8:56am May 12, 2014 8:56am
Quoting Super_Mario
{quote} Predicting? I don't think so. "Zones" were marked AFTER it all happened. History (even one tick which happened "just before" is still history) is the only thing available and trustworthy.
History is a matter of perspective; and perspectives can be "distorted".. I am not saying that yours is (mind you!) I am just saying that it could be! & there is nothing wrong with that...we are all human beings who make mistakes... To keep an unbiased mind is the most important thing! Your level of greed and punishment - could simply in less "pithy" terms mean "retracement" to others! Hence it is crucial to keep an open mind!
  • #8,528
  • May 12, 2014 8:56am May 12, 2014 8:56am
Quoting waleed.khan
(1) So was this an intra-day level trade then...?
(2) Your place of panic could also just mean that "U.S traders" are just waking up and increasing volumes as they see a psychological level breached!
(3) Now they are solely going to rely on support and resistance levels to see how much upside or downside the market has from this moment forth? You know as the old adage goes... "One man's garbage could be another's treasure"!
(1) I am sorry I don't know what is "an intraday level trade". Hoping for your elaboration on this.
(2) Exactly. Crowd woke up and hurrying not to be late for departing train. That is panic. And later greed (buying highs). Followed by punishment
(3) Support and resistance levels are just fuel, liquidity. It's mostly consisted of high-leverage low-deposit traders. It does not matter if they buy or sell - there are techniques to get monies of both bulls and bears.
  • #8,529
  • May 12, 2014 8:59am May 12, 2014 8:59am
Quoting waleed.khan
{quote} History is a matter of perspective; and perspectives can be "distorted".. I am not saying that yours is (mind you!) I am just saying that it could be! & there is nothing wrong with that...we are all human beings who make mistakes... To keep an unbiased mind is the most important thing! Your level of greed and punishment - could simply in less "pithy" terms mean "retracement" to others! Hence it is crucial to keep an open mind!
Yea, I use my own definitions, hope none gets insulted about this.
And yes, everybody does mistakes. As I said - I don't care if for ANY reason price goes back to 1280, all I care to scan for situation where (statistically, based on real history) my risks are lowest possible. Risk is the only thing you can control as trader.
  • #8,530
  • May 12, 2014 9:08am May 12, 2014 9:08am
Quoting Super_Mario
{quote} (1) I am sorry I don't know what is "an intraday level trade". Hoping for your elaboration on this. (2) Exactly. Crowd woke up and hurrying not to be late for departing train. (3) Support and resistance levels are just fuel, liquidity. It's mostly consisted of high-leverage low-deposit traders. It does not matter if they buy and sell - there are techniques to get monies of both bulls and bears.
1) That which happens within a daily time frame; as opposed to days and weeks etc
2) What is wrong with that...When a herd spots a predator close by they run! They don't sit and wait and try to rationalize if they should or shouldn't. Its simple herd psychology and momentum trading... to translate this once a certain time of momemtum is built it isn't late to jump in as nobody knows where the top or the bottoms are going to be... What you are trying to say is that you like to get in the start ( No problem with that!) its just a different way to trade and mind you it is a risky place too as you are more often going to be wrong as opposed to right! Now you have your own system sorted out of an entry that is fine!
3) Support and resistance levels could be fuel; but they are respected most of the time too...What you are referring to are "fake outs" which happen but not as frequently as when s&r lines are respected...
  • #8,531
  • May 12, 2014 9:14am May 12, 2014 9:14am
all scalps closed for nice profit, waiting to see what Banks will do in the next twenty minutes before entering another trade. Technical looks like we could dip back to the 1290 level before coming up to the 1293 other than that I see sideways movement.
A genius is born every minute, me I am lucky if my socks match.
  • #8,532
  • May 12, 2014 9:17am May 12, 2014 9:17am
Quoting whackdiddy
all scalps closed for nice profit, waiting to see what Banks will do in the next twenty minutes before entering another trade. Technical looks like we could dip back to the 1290 level before coming up to the 1293 other than that I see sideways movement.
Yeah we could retrace a little...pic will be clearer by london close!
  • #8,533
  • May 12, 2014 9:26am May 12, 2014 9:26am
Quoting Super_Mario
{quote} Predicting? I don't think so. "Zones" were marked AFTER it all happened. History (even one tick which happened "just before" is still history) is the only thing available and trustworthy.
Did you take the trade after it happened?

I mean I understand your buy signal..it makes sense... but I am having trouble with your sell area? if you can rationalize with me as to why you think one should take profit in this area...what makes you think that this is a "greed/punishment" area?
  • #8,534
  • May 12, 2014 9:55am May 12, 2014 9:55am
watch out of the rush, 5 minutes... going to be choppy.
A genius is born every minute, me I am lucky if my socks match.
  • #8,535
  • May 12, 2014 10:15am May 12, 2014 10:15am
Can any 1 confirm on D1 chart there is a bullish Divergence?
  • #8,536
  • May 12, 2014 10:17am May 12, 2014 10:17am
Quoting blacksnake
Can any 1 confirm on D1 chart there is a bullish Divergence?
I don't think that can be classified as bullish divergence on d1 but it can be on 4hr chart!
  • #8,537
  • May 12, 2014 10:20am May 12, 2014 10:20am
Quoting waleed.khan
{quote} I don't think that can be classified as bullish divergence on d1 but it can be on 4hr chart!
yah... i also saw it in H4 Chart... just wanted to be sure... thanks mate...
  • #8,538
  • May 12, 2014 10:26am May 12, 2014 10:26am
Quoting blacksnake
{quote} yah... i also saw it in H4 Chart... just wanted to be sure... thanks mate...
No prob! in fact 4 hr chart is kinda strange....we went from hidden bullish divergence to bullish divergence (follow through is yet to be seen though)
  • #8,539
  • May 12, 2014 10:26am May 12, 2014 10:26am
i think we need the D1 chart to close above 200SMA so that we can see 1305 2morrow, if not, i think the bears still on hand~
  • #8,540
  • May 12, 2014 10:29am May 12, 2014 10:29am
Quoting blacksnake
i think we need the D1 chart to close above 200SMA so that we can see 1305 2morrow, if not, i think the bears still on hand~
True! Price has been sandwiched between the 100 sma and 200 sma since the first week of april! A close above will definitely give the bulls some stretch! (usually though....the longer the consolidation the larger the rally...) So you never know this could be a nice bull run if it works out!
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