Hxcjf,
I'm interested to learn whether you watch price action about these amounts before jumping in or do you simply leave your orders there ready from price to pick up?
Hxcjf,
I'm interested to learn whether you watch price action about these amounts before jumping in or do you simply leave your orders there ready from price to pick up?
Sorry guys, lots of wedding things with my bro and vaion, but I am back and it looks like these markets are eventually shaking loose. Here is three strong levels I visit off a rebound in the selloff that is panicked in the USDJPY. These generally work out fairly nicely.
I composed some more analysis on the installation over in the news department: https://www.forexforum.co.za/trading...s-selling.html
Here is the most retarded quote I've ever heard. How can YOU know where the money is searching. Particularly since the market is created on tick charts and from the order book, not out of a chart representing a time period. If everybody with large money used the 4H chart there would be NO MARKET. This is a innocent quote.Originally Posted by ;
I mean the kind of cash that leads to large imbalances at particular levels, like institutions and large funds that are trading the kind of size that would cause an excessive amount of slippage for scalping. You should be aware that if you are trading tick charts and level II's. Sure there are a lot of gamers inbetween these places, but I wish to get in where there is a large imbalance that will turn the market in my favor fast. I am talking about tens of thousands of lots in 1 place, and you could not scalp with that kind of size with getting your clock cleaned unless its one of these levels.
Doesn't get more evident than this, folks
https://www.forexforum.co.za/cryptoc...operation.html
Here's a killer commerce I entered the Dragon. . .before and after pictures so that you know I am not bluffing after the fact Do these levels work or what?
Posted my analysis here, simpler than copying and pasting: https://www.forexforum.co.za/cryptoc...nt-needed.html
This was a daily time period level at 157.50. . .drawdown at the stage was approximately 8 pips, such as spread.
Ask yourself, Where is the money in this market? Where will the people be looking to go long/short? Where are the orders? The limit orders? What is OBVIOUS to everybody?
These places are what we are searching for. We want either two GOOD reasons to trade a level, or 3 OK motives to trade a level, and the closer together the places are, the greater. Here is an illuion:
Notice how the 50 percent fib level along with the monthly pivot amount are EXACTLY the same! This trade endured a drawdown of 1 pip spread and conducted over 100 pips. This happens more often than you believe, and is extremely high probability.