Dislikedvery rarely - you don't know if a level is going to respected or not - therefore its not my kind of thing
Prices approach a level, wait for reaction, if l see something l recognise - entry with no hesitationIgnored
- #682
- Aug 11, 2010 4:05pm Aug 11, 2010 4:05pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #683
- Aug 11, 2010 4:28pm Aug 11, 2010 4:28pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #684
- Aug 11, 2010 4:32pm Aug 11, 2010 4:32pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #685
- Aug 11, 2010 4:44pm Aug 11, 2010 4:44pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #686
- Aug 11, 2010 4:48pm Aug 11, 2010 4:48pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
dx @ 78.6 of move north, watching market reaction
- #687
- Aug 11, 2010 5:09pm Aug 11, 2010 5:09pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
When levels are stacked like they are here - the market usually keeps you guessing, if prices react to FIRST ZONE - that might be a trap only to turn at the lower zone - how often has this happened to us traders
Red
- #688
- Aug 11, 2010 5:22pm Aug 11, 2010 5:22pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Attachment
When levels are stacked like they are here - the market usually keeps you guessing, if prices react to FIRST ZONE - that might be a trap only to turn at the lower zone - how often has this happened to us traders
Red
- #689
- Aug 11, 2010 5:37pm Aug 11, 2010 5:37pm
Attachment
When levels are stacked like they are here - the market usually keeps you guessing, if prices react to FIRST ZONE - that might be a trap only to turn at the lower zone - how often has this happened to us traders
Red
But I'm also a crapy trader... So I'll learn someday....
- #690
- Aug 11, 2010 5:41pm Aug 11, 2010 5:41pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
That has to be one of the things I learn how to keep myself out of. I get my @ss kicked by stacked zones all the time
Exactly what happened on swissy this week - remember we were on it?
Ok - how to play it - you can buy the entry on first zone knowing it is a trap, place buy limits lower at extremes - this is one time l might be forced to use limits. If prices then turn at second zone your first entry will be like an add on to your llimits
Mark my words - there will be some BS news that will spike this asshole to lower zone and take out breakevens and stops - market makers, l see your play
Red getting angry
- #692
- Aug 11, 2010 7:26pm Aug 11, 2010 7:26pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #694
- Edited 6:36am Aug 12, 2010 5:32am | Edited 6:36am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #695
- Aug 12, 2010 7:08am Aug 12, 2010 7:08am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Hit tg - but l got stopped out before this played out, pity
Red
- #696
- Aug 12, 2010 7:27am Aug 12, 2010 7:27am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #698
- Aug 12, 2010 7:38am Aug 12, 2010 7:38am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Exactly what happened on swissy this week - remember we were on it?
Ok - how to play it - you can buy the entry on first zone knowing it is a trap, place buy limits lower at extremes - this is one time l might be forced to use limits. If prices then turn at second zone your first entry will be like an add on to your llimits
Mark my words - there will be some BS news that will spike this asshole to lower zone and take out breakevens and stops - market makers, l see your play
Red getting angry
Awaiting entry north
- #699
- Aug 12, 2010 9:15am Aug 12, 2010 9:15am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
spike went to exactly 78.6 for the fib fans, there is also a gartley present
all in north
Red
- #700
- Aug 12, 2010 9:32am Aug 12, 2010 9:32am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts