Hawaii, still in the trade? Let us know your levels for SL, it appears price has lowered from your demand level some 30 pips, off to sleep. Good Luck.
DM if you have any questions
Price is Everything Chat Room
- #3,323
- Jul 3, 2012 12:46am Jul 3, 2012 12:46am
Nicely done, J
Re your first sell - I'm really impressed at your nerve holding the 200 p dd.
I certainly can't advocate it, as I like to suffer minimal dd, but I'm always delighted to see it end well
You will be amazed to know that I'm holding gold longs from last 9 months
And these longs helped me so much in learning
I don't believe in demo
IMO trading needs guts to believe yourself and patience
And when your real money is at stake you tend to Learn harder to protect your money
When we start learning supply demand in first glance it looks like we are going against trend and little dd weakens our believe in supply demand
but now when my order fails I try to find out a reason why that happened
Also my MM is to earn 15 to 20% in first 2 years so my lots are quite low
I learned the fact that 98% ppl loose their money and rest 2% enjoy that money
And to become part of that 2% is not possible in months
It will take years and what all we need is discipline and consistent learning
Happy trading
- #3,324
- Edited 2:28am Jul 3, 2012 1:59am | Edited 2:28am
- | Joined Feb 2010 | Status: Trader | 283 Posts
HI all,
Short EU, noticed evidence of sellers and then a really bearish bar,
any critique welcome
EDIT: Out at BE - if it were a really good level price should have broke down quicker - maybe this is just compression up to the next zone - am waiting
EDIT 2: I really should have more faith in my analysis - this would have been a nice winner :/
Short EU, noticed evidence of sellers and then a really bearish bar,
any critique welcome
EDIT: Out at BE - if it were a really good level price should have broke down quicker - maybe this is just compression up to the next zone - am waiting
EDIT 2: I really should have more faith in my analysis - this would have been a nice winner :/
- Look to the left, Trade to the right
- I am the system
- #3,328
- Jul 3, 2012 11:13am Jul 3, 2012 11:13am
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #3,336
- Jul 4, 2012 3:41am Jul 4, 2012 3:41am
Hi all,
Is this a QM setup? A low, A lower Low, then a higher high then buy the previous low?
Also, IF, How is the 'big announcement' on AG going?
SEbastian,
This looks like a classic QM setup. Nice pocket of demand where you have your buy limit which seems to have been hit. Hope you are locked in.
Hi everyone,
I like to use a site called www.forexlive.com for a bit of commentary on the markets, and also to get an idea of touted orders ( they get intel on where big orders are rumored to be sitting ).
I've marked up EU with the orders they had for today: http://www.forexlive.com/blog/category/orders/
interesting to see how they line up with Supply Demand levels & could also help when you are trying to figure out what level to take, and which not!
Just food for thought, and a conversation starter regarding confluence and using other information to aid in S/D trading
I like to use a site called www.forexlive.com for a bit of commentary on the markets, and also to get an idea of touted orders ( they get intel on where big orders are rumored to be sitting ).
I've marked up EU with the orders they had for today: http://www.forexlive.com/blog/category/orders/
interesting to see how they line up with Supply Demand levels & could also help when you are trying to figure out what level to take, and which not!
Just food for thought, and a conversation starter regarding confluence and using other information to aid in S/D trading
- Look to the left, Trade to the right
- I am the system
- #3,339
- Jul 4, 2012 4:05am Jul 4, 2012 4:05am
There is definetely a brief pause just below 1.2520. If you look further back at the drop from 28th June, you will see more potential supply->demand swap zones. My guess is most of them would be good for at least a scalp.
W Szczebrzeszynie chrząszcz brzmi w trzcinie
