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- SystemFX2011 replied Aug 4, 2011
MM'ers were wanting to catch the long positions, they wasn't ready -- they wanted more longs before stop hunting them, now the MM'ers have decided they want to cash in...
and this is the result
AUD/USD
- SystemFX2011 replied Aug 4, 2011
k, get off that 5m, use 15m... 5m has far too much noise and lets off false patterns.
AUD/USD
- SystemFX2011 replied Aug 4, 2011
what you're seeing now is fractal disparity. g/j and u/j will go sideways for a bit before continuing... g/u e/u a/u n/u will come down... then g/j will come down later
USD/JPY Discussion
- SystemFX2011 replied Aug 4, 2011
what TF are you using there? switch to a higher one, better confirmations of more downside to come. and for the love of god, get off those small time frames.
AUD/USD
- SystemFX2011 replied Aug 4, 2011
cant say as i said before. anyone notice a lot of first time posters are joining all of a sudden.... wonder how many of them have more than one account here? interesting
AUD/USD
- SystemFX2011 replied Aug 4, 2011
no really? what you want us to do? interpret it for you?
USD/JPY Discussion
- SystemFX2011 replied Aug 4, 2011
it's all good... time to take a break, let the fresh air come in... new day tomorrow - or take off the entire week / long weekend break, start a fresh monday
AUD/USD
- SystemFX2011 replied Aug 4, 2011
you might want to go back to my post again... you read it wrong
take a GOOD look at the image.. i left the open prices out, the price column you see, is the CURRENT price
not the open price.. all of those trades are in profit
AUD/USD
- SystemFX2011 replied Aug 4, 2011
Fibs only work part of the time, not all the time. again, MM'ers know all the tricks and they know that normal traders learn to study them and they aim for those levels to stop hunt ppl. I don't though, that chart I showed the other day is something ...
AUD/USD
- SystemFX2011 replied Aug 4, 2011
This is a clients account, I had to take out lot sizes (due to NDA of client) and entry prices (had to take out due to NDA of MM'ers)... TP's are there... monitor them.
These trades are currently up - over 1,400 pips already.AUD/USD
- SystemFX2011 replied Aug 4, 2011
S/R's is all a farse... that's retail trading. these MM'ers know all the tricks "normal" traders do, and they target those weaknesses -- they stop hunt you out, mess with your mind, your emotions take over, and mess with you again and again. not ...
AUD/USD
- SystemFX2011 replied Aug 4, 2011
my bad... i thought you were talking about usd/chf - i figured that to be a weird post you made since it was on the wrong thread... sorry about that Emanuel
Cable Update (GBPUSD)
- SystemFX2011 replied Aug 4, 2011
the "technical term" is called a W formation
current 4HR TF needs to break the start of the 2nd leg, then watch it climb
USD/CHF
- SystemFX2011 replied Aug 4, 2011
nice trade, keep a look out for 81.582 ish for 100EMA target
(daily TF) USD/JPY Discussion
- SystemFX2011 replied Aug 4, 2011
sorry to hear that - but don't worry, we all experienced this before - part of the parcel of trading. I've lost my shirt many a time - freak'n frustrating I can tell you.
You see, its not you that is making the mistakes. FX can get you to a point ...AUD/USD
- SystemFX2011 replied Aug 4, 2011
W formation broke, more upside to come: 0.7891 next target (took off 4hr TF 50 EMA) then 0.8173 100 EMA target, same time frame. will stall around 0.79943
Cable Update (GBPUSD)