hannele » Fri Mar 20, 2015 11:39 am wrote:Thank you Dudest, will have look what you been up to

cheers
hannele

dudest » Thu Mar 19, 2015 11:24 am wrote:
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The Fox has set-up quite ALOT of A-B-C pattern stop hunts to change direction ( don't miss it! days like these you can multiply your account MANY times over )

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Piter80 » Fri Mar 20, 2015 4:08 pm wrote:For me they will go lower.

Captain Jack » Wed Mar 06, 2013 10:34 am wrote:
I didn't forget your post as I was saving it for later reply...delivered now.

Yes, the yellow line tends to stand out and grab your attention. I mentioned earlier that price is always moving, returning to previous levels and that it is drawn to some areas and levels more frequently than others. Round numbers, sweet spots, pivots, support & resistance, fibo and gann numbers. Everything we use as tools of the trade as well as some I've missed. Areas that we seek out in our search for profits. Areas to begin and end trades. In other words, all of the areas that both bulls and bears frequent together. We've all heard it, "the bulls and bears are fighting it out here" yada yada... But in reality, it's not the bulls and the bears who control price, it's the fox or the shark or any number of larger predators who are also attracted to these "areas of interest" that price seems so drawn to. Remember also that I say price is driven to a point with intent.

My question to you is, do bulls and bears create these areas of interest with their tools of trade, or are these areas created by something else, to draw the bulls and bears together in a small area?

Hunters, who are predators, will sometimes use sound, corn, feed, meat, scent, dogs, other hunters, and numerous other methods to draw their prey to them. Sometimes, herding it into a smaller, confined area. Once the prey is within easy reach, it's an easy kill. Once trapped in a confined area, it's like shooting fish in a barrel.

Consider the question posed above again and think on this. Is price drawn to these "areas of interest" because of some tool we use, or because a numerical ratio says it is, or is price driven to these areas to trap bulls and bears into a feeding zone for the sharks, wolves, jackals and fox that "hunt" the same areas we do? Are the tools and indicators not the "bait" the fox uses to trap the bulls and bears? Trapping them in a confined area where confusion, pain and panic set it in?

Take a look at this chart. Notice the tick volume as this "event" unfolds.

In my opinion, the yellow line and all lines like it are the "bait" that draws the most number of traders, both bulls and bears, into a killing zone. Most will leave it with lighter accounts.

You can make a lot of money in these areas when you recognize the sign. This is a 4hr chart and time moves slow. Traders are not focused on the broad picture, but tend to have "tunnel vision". Their focus is tight and narrow. Also note the "pins" that appear at a lot of the turning point - the tracks of the fox. When these occur on the lower time frames, scalpers get their asses handed to them do to the speed of the swings. Again, this is a "dirty" pattern with seeds of deception sown in. . They usually don't worry about covering it as much in the lower time frame but in the higher ones, you have more time to analyze it.

CJ

dudest » Thu Mar 19, 2015 9:47 am wrote:
After the recent drop, 73.6 is now at the VBRN

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go4pips » Fri Mar 20, 2015 6:02 pm wrote:Hello,

Officially I have to admit I don't know NOTHING about trading. Since I dint have much time when ever I get to the pc I see a great move and jumping into it like a kid in a candy store.
What the hell?? : :
I know better then that, how do you keep your hand off from the key board , its almost feels like having an anxiety/rush hmmm... any body knows what I am talking about, have any of you had this kind of behavior under the process of learning to trade, and of course I tangle up in the short/ long or non of above , just to fined out when later looking at from a relax eye and rested mined WOW what was I thinking, it is all there I shouldn't be taking the trade under such condition at least not the one I have.



I have to tape my hand to the table

E.