PEOPLE!!! Care!!! I desired to ask. . Might it be feasible to be aware of when market will move 50pips??? Dont take care of which direction. . I need to understand. . Why and when market sometimes make big candles ( 50pip)?
PEOPLE!!! Care!!! I desired to ask. . Might it be feasible to be aware of when market will move 50pips??? Dont take care of which direction. . I need to understand. . Why and when market sometimes make big candles ( 50pip)?
So its impossible to predict when market will make big move (~50pip) (dont care in which direction)?
Sorry for my poor english
Every time a big announcement occurs like now that greece's debt is going to be cut and the EU has now a billion dollar parachute, then you may count the market is likely to create a 50 pip move.Originally Posted by ;
I think such movement can occur when markets are hit by #1072; very important part of advice either ecomonical or political. You can just browse through a economic calendar to learn events which can produce the maximum volatility (NFP, GDP etc) and wait patiently. Good luck.
Yes, you can use technology indiors to point the way and usually, big candles on some quick movement will happen anytime a monetary policy upgrade is announced or some other newsmaker hits the monitor. .
3 Attachment(s)Occasionally (rarely) you will find signs before the event (whether it's formally anticipated or not) which are obvious after the fact but it's difficult to spot them at the making without sufficient screentime. . However, the patterns are pretty objective.
Basically it's a dump-and-pump orderflow mechanism, the market creates a small wave using a roundish top, then it moves down with force but it's kinda smooth (not jerky but'careful' pip-by-pip movement without even upticks), makes a horizontal candle without a lower wick (usually on top or bottom of the hour). . If you find this scenario (pics 1, 2) and the next candle starts to explode, it's a high probability long trade. . A buy stop just above the previous round peak is better than pursuing the spike. I never fade this type of spikes liberally, they happen to possess follow-through.
Pic 3 shows yet another variation whenever there's a small but certain move up (filled with tension, like a spring) before the last pump. The chart portrays a massive move - EU's response to SNB EC peg - however, the traders apparently'worked' on it hours earlier. Pattern-wise, this kind is more likely to look in 1min TF with much smaller timespan and pip dimensions (very frequently used in off session stop hunting). Usually the 1min are not worth an entry (too quick and not too reliable) but once they completely play out, they are rather safe to fade - stop reduction just over the spike is okay (they got what they desired ). If they occur at tops or bottoms at the ideal time, they are great counter entries because the market is probably headed the other way.
Why can I mention longs (significance xxx/USD). . Funny thing is, I have noticed a lot of these patterns but nearly always in bullish moves - against the USD.
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Impossible? Why? We certainly can't predict all market movement, but in certain exceptional case we could, not only 50 pips, however more.
Nobody can forecast the future. Just follow the tendency....or swim WITH the wave, not from it and you will find a lot of easy, low stress 50pip moves
I can't understand the PA in E/U too.
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