11 more silver.. love silver better than gold
Attached Image
EIP: Everything In Price (PIE) 16 replies
Everything to Nothing to get Everything? 7 replies
Price Is Everything - Lets Focus on Price and Swings 17 replies
Price is Everything (Long Term and Semi-Auto Edition) 26 replies
Everything You Wanted To Know About Electronic Trading, by Linda Bradford Raschke 0 replies
DislikedHere's a breakout trade I took that was stopped out at. I made an analysis of what I did wrong and was hoping you pros can chime in on it too
Note to self: Trade retracements of breakout NOT BREAKOUTS ITSELF
http://www.hotstockmarket.com/image/...t/500/flags/LLIgnored
DislikedHere's a breakout trade I took that was stopped out at. I made an analysis of what I did wrong and was hoping you pros can chime in on it too
Note to self: Trade retracements of breakout NOT BREAKOUTS ITSELF
http://www.hotstockmarket.com/image/...t/500/flags/LLIgnored
DislikedNice one! The supply zone is actually a demand zone! Zones above price are supply, below price are demand. Fake-outs do occur and hence keep an eye on PA to determine when to enter the market.
Correct... try to avoid trading breakouts, more so on the higher timeframes.
Ignored
DislikedHere's one that gives an alarm and popup and optional email when price approaches a line you draw, be it horizontal or diagonal. Just fill in the description of the line as Alert_1Ignored
DislikedEasily done... we knew what you meant! Did it myself all the time with Support and Resistance... and still do occasionaly... lolIgnored
Dislikedhey bbakker what do you think of these? I'm currently watching how PA will develop in these zonesIgnored
DislikedI hope you took that GBPJPY short.
Personally, I would wait for 117 on EURJPY for the short, but the area marked out is a valid supply zone and you will see a reaction from it... just maybe not a big one!
GBPJPY could be a swing trade, but the demand zone at 130 will be tough to crack IMHO.
I am a JPY bear!
I am focusing on EU, SLV, GLD, Oil and ES at the moment to really get to know these instruments!Ignored
DislikedYeah I'm waiting for E/J to reach well into the supply zone first or some sort of strong PA signal.
As for G/J, I shorted at break of 133 in the 5min chart.
Speaking of futures I've been keeping track of them too and trading them demo account. Here's two trades I took since this morning, both off the break below supply zone. Hope to learn much from youIgnored
DislikedOil is a good short! I went for SLV instead! Don't follow DJ, but ES, although that has bear written all over it... probably in anticipation of QE3 ending at the end of June. If that happens watch world indices tumble and dollar gain some serious strength... maybe the ball has already started rolling!Ignored
DislikedP.S. Oil just dropped its knickers... ching ching. My SLV short is looking good too! Happy days!
Patience... is to wait until price comes to your area before you pull the trigger and sometimes you wait for confirmation on the lower timeframes. Once price has left... you have missed the boat. Don't go jumping in... time to wait again or look at different instruments.Ignored
DislikedP.S. Oil just dropped its knickers... ching ching. My SLV short is looking good too! Happy days!
Patience... is to wait until price comes to your area before you pull the trigger and sometimes you wait for confirmation on the lower timeframes. Once price has left... you have missed the boat. Don't go jumping in... time to wait again or look at different instruments.Ignored
DislikedAttachment
See how price has hit that demand zone... that should be your 1st target... the opposing demand level if short or supply level if long. 200 sma on m15 for confluence and crucially, it has not made a lower low... yet! Therefore, bulls are still in control!
Now wait for price to make a lower high... if it does, you short still looks good, but it doesn't matter because you already took some profit of the table and possible moved to BE. Now if it does make a lower low, switch to a higher timeframe and see how far you can...Ignored
Dislikedwhat do you guys think about this chf long? i am in with 20pips sl under the trendlineIgnored