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  • #20,901
  • Dec 29, 2014 7:45am Dec 29, 2014 7:45am
Quoting ClockTrader
{quote} I studied last 11 months expiration dates.. researched them with VVSA-15 & more.. I did not look at OI at all. I'll stick to my test shorts..
Sorry, based upon what you said about waiting for "contract expiry", I thought you were referring to the remaining OI to be either rolled or assigned. I thought most of that was completed with just 299 remaining so thought is wasn't going to be a factor. Now with your new comments it appears you've done research on price movement near/after contract expiry so not referring to OI. I just misunderstood your reason for waiting for the expiration.
  • #20,902
  • Dec 29, 2014 8:56am Dec 29, 2014 8:56am
Quoting RaufNG
Hi folk, Can anyone suggest most reliable indicator for M15 chart please. Thanks and stay green.
try parabolic sar if you know well about it or try exponential moving average 20, RSI also, they are great scalping indicators
  • #20,903
  • Dec 29, 2014 9:05am Dec 29, 2014 9:05am
I have never ever focused on OI, it maybe an imp. factor, spec_and pointed that out once. I'm just not sure on that front.

I studied last 11 months only in the light of expiration dates & VVSA yesterday. Expiration doesn't guarantee a fall, but, IF VVSA supports, it must be tested IMHO..

I added nice shorts downwards, at the same time, also added thin longs, net pos. is nice heavy short (test levels only), but very very safe.

Trading very safely with caution.. PA is the last thing I would trust in this world..

We may have support in the 1180-85 area, lets see..

PS: Reduced/mitigated risk from shorts..

Quoting srt
{quote} Sorry, based upon what you said about waiting for "contract expiry", I thought you were referring to the remaining OI to be either rolled or assigned. I thought most of that was completed with just 299 remaining so thought is wasn't going to be a factor. Now with your new comments it appears you've done research on price movement near/after contract expiry so not referring to OI. I just misunderstood your reason for waiting for the expiration.
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  • #20,904
  • Dec 29, 2014 9:07am Dec 29, 2014 9:07am
watching pa all morning you can see it wanting to fall - it got the push past the 1190 -

but how far will the fall be?
  • #20,905
  • Dec 29, 2014 9:07am Dec 29, 2014 9:07am
Quoting RaufNG
Hi folk, Can anyone suggest most reliable indicator for M15 chart please. Thanks and stay green.
There are numerous free indicators out there. How to use them, how to fine tune settings may take as long as several years before you can make nice money out of your trades IMO.
Hello World!
  • #20,906
  • Dec 29, 2014 10:12am Dec 29, 2014 10:12am
Quoting RaufNG
Hi folk, Can anyone suggest most reliable indicator for M15 chart please. Thanks and stay green.
ExtremeFibo
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  • #20,907
  • Dec 29, 2014 10:35am Dec 29, 2014 10:35am
@1180, will take part profit now..

Quoting ClockTrader
I have never ever focused on OI, it maybe an imp. factor, spec_and pointed that out once. I'm just not sure on that front. I studied last 11 months only in the light of expiration dates & VVSA yesterday. Expiration doesn't guarantee a fall, but, IF VVSA supports, it must be tested IMHO.. I added nice shorts downwards, at the same time, also added thin longs, net pos. is nice heavy short (test levels only), but very very safe. Trading very safely with caution.. PA is the last thing I would trust in this world.. We may have support in the 1180-85...
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  • #20,908
  • Dec 29, 2014 10:36am Dec 29, 2014 10:36am
out of my short from the 1190 break at 1181
Senior Trader Multi-Account Manager
  • #20,909
  • Dec 29, 2014 10:44am Dec 29, 2014 10:44am
Quoting ClockTrader
@1180, will take part profit now.. {quote}
12 pm NY almost there, took most of the profit.. Trade Safe & Light.. Greens to everyone..
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  • #20,910
  • Dec 29, 2014 6:37pm Dec 29, 2014 6:37pm
Quoting ClockTrader
{quote} There are numerous free indicators out there. How to use them, how to fine tune settings may take as long as several years before you can make nice money out of your trades IMO.
Hi, can you be more specific please, if you don't mind : what and where exactly ? Thanks in advance
Those that get up at 5 a.m. rule the world.
  • #20,911
  • Dec 29, 2014 7:06pm Dec 29, 2014 7:06pm
search for baby pips, go through it and then ask about indicators.
Mining gold
  • #20,912
  • Dec 29, 2014 9:07pm Dec 29, 2014 9:07pm
Quoting KoraDuba
{quote} Hi, can you be more specific please, if you don't mind : what and where exactly ? Thanks in advance
Search "Top 5 Forex Indicators" etc.
Google, it helps.

Try 5-6 indi of your choice, pick a few incl. SMA.

Use these for about 2 yrs on different TFs to see whether they work for you or not.

Trade with your pocket money if you don't like DEMO accounts.
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  • #20,913
  • Dec 29, 2014 9:12pm Dec 29, 2014 9:12pm
Quoting ClockTrader
@1180, will take part profit now.. {quote}
Regretting that i didn't do the same,,, the fact that price keeps getting supported at 1180 can only be seen as bullish until it gets below there and stays... I'm not sure why this is happening with EU making new lows etc. But the why's do not really matter.
  • #20,914
  • Dec 29, 2014 9:22pm Dec 29, 2014 9:22pm
Quoting Ck87
{quote} Regretting that i didn't do the same,,, the fact that price keeps getting supported at 1180 can only be seen as bullish until it gets below there and stays... I'm not sure why this is happening with EU making new lows etc. But the why's do not really matter.
Check this other post, right after that, I took most profit @ 1180-82:

Quoting ClockTrader
{quote} 12 pm NY almost there, took most of the profit.. Trade Safe & Light.. Greens to everyone..
This is very confusing situation for me right now.. I have no idea what to do.. Go with current week's trend? i.e. Go Short?

OR best would be to apply SLs @ BE.. on both longs & shorts, that would still require deeper strategy..

I'll let Asian session play out, plan something before London morning..
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  • #20,915
  • Dec 29, 2014 9:42pm Dec 29, 2014 9:42pm
Quoting ClockTrader
{quote} Search "Top 5 Forex Indicators" etc. Google, it helps. Try 5-6 indi of your choice, pick a few incl. SMA. Use these for about 2 yrs on different TFs to see whether they work for you or not. Trade with your pocket money if you don't like DEMO accounts.

Thanks buddy, will check it out.
Those that get up at 5 a.m. rule the world.
  • #20,916
  • Dec 29, 2014 11:06pm Dec 29, 2014 11:06pm
Quoting ClockTrader
{quote} Check this other post, right after that, I took most profit @ 1180-82: {quote} This is very confusing situation for me right now.. I have no idea what to do.. Go with current week's trend? i.e. Go Short? OR best would be to apply SLs @ BE.. on both longs & shorts, that would still require deeper strategy.. I'll let Asian session play out, plan something before London morning..
I think we're about to see a huge drop in the next coming weeks and that's why this is happening, trying to scare out shorts/shake them out before the big drop, but it definitely stinks of a strange market personality right now. It's that 1180 pivotal point, it's so major. The truth is if 1180 was really that strong of support we would have rallied strongly above it and not been back there, the fact that we're at 1180 so often lately is sort of a sign that we're going to break through lower, at least that's what I'm thinking. I still maintain we're going to see -1k gold.
  • #20,917
  • Dec 29, 2014 11:11pm Dec 29, 2014 11:11pm
may be u r right. i am long sl 1183
  • #20,918
  • Dec 29, 2014 11:38pm Dec 29, 2014 11:38pm
Yea, we may see 1K sooner or later, but, instead of waiting that long, we should be able to make money.

The market may remain range-bound several months in a row. In most cases, on the basis of 30yr study, June has shown huge bottoms.. Maybe we get to see a nice bottom by June-15

I'll just focus on current rally & next rally & most imp.. prefer swing trades.. I'll keep it simple.

Tried to play long term trades last yr, wasn't fun. Up-Down swing trades been good lately.

Quoting Ck87
{quote} I think we're about to see a huge drop in the next coming weeks and that's why this is happening, trying to scare out shorts/shake them out before the big drop, but it definitely stinks of a strange market personality right now. It's that 1180 pivotal point, it's so major. The truth is if 1180 was really that strong of support we would have rallied strongly above it and not been back there, the fact that we're at 1180 so often lately is sort of a sign that we're going to break through lower, at least that's what I'm thinking. I still maintain...
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  • #20,919
  • Dec 29, 2014 11:42pm Dec 29, 2014 11:42pm
Weight wise these are almost equal..

I'm thinking of testing shorts IF 1195 can sustain.. without risking any $

Going forward today, I think I shall have some cues by NY morning..

PS: Trade light & safe!
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  • #20,920
  • Dec 29, 2014 11:50pm Dec 29, 2014 11:50pm
Quoting ClockTrader
Weight wise these are almost equal.. I'm thinking of testing shorts IF 1195 can sustain.. without risking any $ Going forward today, I think I shall have some cues by NY morning.. PS: Trade light & safe! {image} {image}
VVSA on M5 & M15 suggest this is going up :-( At least, this is what it appears right now.. & may even continue....

This is not in line with what I was thinking, I got nothing to lose, but I wish I was prepared for what is happening right now.

So, this is a situation where our thoughts don't match with our analysis & we are not prepared to follow the analysis due to bad timing.

So, what do I do now? I'll sit on sidelines until NY morning & await some cues..
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