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Price is everything

  • #1,101
  • Aug 30, 2010 2:15am Aug 30, 2010 2:15am
nice short opportunity
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  • #1,102
  • Aug 30, 2010 5:34am Aug 30, 2010 5:34am
Quoting xeqter
nice short opportunity

Good call.
  • #1,103
  • Aug 30, 2010 5:45am Aug 30, 2010 5:45am
I entered long EURUSD from demand zone (well seen on M1, source of the rally), and from the uptrenline on H1.
EURUSD H1, EURUSD M1
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  • #1,104
  • Aug 30, 2010 6:24am Aug 30, 2010 6:24am
What's your opinion about this level in GBPUSD?
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  • #1,105
  • Aug 30, 2010 6:43am Aug 30, 2010 6:43am
Quoting powerlexus
I entered long EURUSD from demand zone (well seen on M1, source of the rally), and from the uptrenline on H1.
EURUSD H1, EURUSD M1
@ BE+1. Price have troubles getting through 1.2711 zone EURUSD M5.
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  • #1,106
  • Edited 7:23am Aug 30, 2010 6:52am | Edited 7:23am
Quoting willi9723
What's your opinion about this level in GBPUSD?

its ok, but take RR into conseideration with a possible long there, need to define your tg
  • #1,107
  • Aug 30, 2010 7:01am Aug 30, 2010 7:01am
Quoting willi9723
What's your opinion about this level in GBPUSD?
Imho it is too wide, I think it is possible to define more exactly, on smaller time frames, source of the move up. It is possible that previous demand zone still in play (1.5440 zone), because of the strong rally last time it was visited, and also move up from a little cluster on 5 minute time frame probably can send prices higher
GBPUSD H1, M5
Attached Image(s) (click to enlarge)
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  • #1,108
  • Aug 30, 2010 7:15am Aug 30, 2010 7:15am
Quoting redsword11
its ok, but take RR into conseideration with a possible long there, need to defined your tg
You got me right away. I always have a hard time with RR. It's easer to pick the level where to enter but exits...for me is the hard part.
  • #1,109
  • Aug 30, 2010 7:22am Aug 30, 2010 7:22am
Quoting willi9723
You got me right away. I always have a hard time with RR. It's easer to pick the level where to enter but exits...for me is the hard part.

traders help traders



all the talent in this thread, we will get the market together



welcome
  • #1,110
  • Aug 30, 2010 7:28am Aug 30, 2010 7:28am
Quoting powerlexus
Imho it is too wide, I think it is possible to define more exactly, on smaller time frames, source of the move up. It is possible that previous demand zone still in play (1.5440 zone), because of the strong rally last time it was visited, and also move up from a little cluster on 5 minute time frame probably can send prices higher
GBPUSD H1, M5
You are right!! that's the source of that move on the hourly chart...thanks nice point
  • #1,111
  • Aug 30, 2010 7:49am Aug 30, 2010 7:49am
sold loony


bought cadjpy
  • #1,112
  • Aug 30, 2010 8:01am Aug 30, 2010 8:01am
long aud tiny risk
  • #1,113
  • Aug 30, 2010 8:46am Aug 30, 2010 8:46am
correct me if I am wrong but isn't this divergence.. I'm not to good at calling this stuff..
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  • #1,114
  • Aug 30, 2010 9:32am Aug 30, 2010 9:32am
Quoting redsword11
sold loony


bought cadjpy

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  • #1,115
  • Aug 30, 2010 9:57am Aug 30, 2010 9:57am
Quoting redsword11
sold loony


bought cadjpy

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Red
  • #1,116
  • Aug 30, 2010 12:42pm Aug 30, 2010 12:42pm
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  • #1,117
  • Aug 30, 2010 1:01pm Aug 30, 2010 1:01pm
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  • #1,118
  • Aug 30, 2010 1:43pm Aug 30, 2010 1:43pm
Quoting willi9723
What's your opinion about this level in GBPUSD?
Willi,

For me this is not a valid demand zone because of the risk/reward. You will need about 50 pips for the stop yet the most you can get from this trade (based on the high after the last time price was at that level, 5575) does not meet my 1:3 risk reward requirement.

I believe sam seiden eluded to this on one of his videos. But again, it depends on your trading style. If 1:1 is all you are looking for, then it is a valid level for you, but not for me.

Hope that helps. Watch one of Sam Seiden's video about this for clarification.

Kulu
  • #1,119
  • Aug 30, 2010 8:04pm Aug 30, 2010 8:04pm
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very low risk long, stops @ 84.195 just below low



Red
  • #1,120
  • Aug 30, 2010 8:32pm Aug 30, 2010 8:32pm
Quoting kulu
Willi,

For me this is not a valid demand zone because of the risk/reward. You will need about 50 pips for the stop yet the most you can get from this trade (based on the high after the last time price was at that level, 5575) does not meet my 1:3 risk reward requirement.

I believe sam seiden eluded to this on one of his videos. But again, it depends on your trading style. If 1:1 is all you are looking for, then it is a valid level for you, but not for me.

Hope that helps. Watch one of Sam Seiden's video about this for clarification.

Kulu...
Thanks
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