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Price is everything

  • #2,481
  • Oct 12, 2010 4:56am Oct 12, 2010 4:56am
Quoting redsword11
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ok, this is where we get very much into the details ..... This level although at first sight looks like supply, it may be consumed by the the drop because its been spiked



this is were and when levels do fail because although they look like text book the level has already been consumed


in otherwords, if the spike was not there i would have more cxonfidence in the short - get it?

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  • #2,482
  • Oct 12, 2010 5:34am Oct 12, 2010 5:34am
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  • #2,483
  • Edited 7:56am Oct 12, 2010 7:10am | Edited 7:56am
BUY [email protected]
I'm not really bullish on USDCAD but it seems like buyers are indeed in this zone after this big drop

http://www.easy-upload.net/fichiers/...1010121446.png
http://www.easy-upload.net/fichiers/...0101214946.png

Closed, got super owned -10pips . Should have cut when this huge bunch of sellers came in
http://www.easy-upload.net/fichiers/...0101214510.png
Though you could learn from others mistakes, i'll restop polluting the thread for a while
  • #2,484
  • Oct 12, 2010 7:39am Oct 12, 2010 7:39am
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  • #2,485
  • Oct 12, 2010 7:55am Oct 12, 2010 7:55am
Quoting redsword11
Attachment


damn that loony, turned before the tg zone and enguilfed the other way, @ DP now, will hold north or bail if it drops any further
  • #2,486
  • Oct 12, 2010 8:38am Oct 12, 2010 8:38am
Any toughs on audusd 15 min?
  • #2,487
  • Oct 12, 2010 8:42am Oct 12, 2010 8:42am
Quoting willi9723
Any toughs on audusd 15 min?


difficult short, l will let it drop and look for a long
  • #2,488
  • Oct 12, 2010 9:43am Oct 12, 2010 9:43am
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when this resovles, it will with a bang l reackon
  • #2,489
  • Oct 12, 2010 10:00am Oct 12, 2010 10:00am
Quoting redsword11
difficult short, l will let it drop and look for a long
Boy you were right, got long on 15, amazing!
  • #2,490
  • Oct 12, 2010 10:01am Oct 12, 2010 10:01am
nzdusd long 30 min?
  • #2,491
  • Oct 12, 2010 10:08am Oct 12, 2010 10:08am
Quoting willi9723
nzdusd long 30 min?


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  • #2,492
  • Oct 12, 2010 11:13am Oct 12, 2010 11:13am
I was stopped out on GBPCHF. Clear demand zone but failed to hold.
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  • #2,493
  • Oct 12, 2010 11:23am Oct 12, 2010 11:23am
Quoting alter
I was stopped out on GBPCHF. Clear demand zone but failed to hold.
Is better to wait for engulfings at those areas, entering limit causes many stops outs. Am I right red?
  • #2,494
  • Oct 12, 2010 11:27am Oct 12, 2010 11:27am
Quoting willi9723
Is better to wait for engulfings at those areas, entering limit causes many stops outs. Am I right red?
Take a look at engulfing at jpy and cad righ now, those are interesting
  • #2,495
  • Oct 12, 2010 11:28am Oct 12, 2010 11:28am
Quoting willi9723
Take a look at engulfing at jpy and cad righ now, those are interesting
15 min or 30 min. in jpy
  • #2,496
  • Oct 12, 2010 11:30am Oct 12, 2010 11:30am
Quoting willi9723
Is better to wait for engulfings at those areas, entering limit causes many stops outs. Am I right red?


ok, all levels are subjective - there is no way to know for sure if it will be respected or not, therefore wait for reaction and enter based on enguilfing patterns you recognise



there is no mystery to any of this but YOU NEED TO READ PRICE @ LEVELS
  • #2,497
  • Oct 12, 2010 11:46am Oct 12, 2010 11:46am
Quoting willi9723
Take a look at engulfing at jpy and cad righ now, those are interesting
I engulfed a chocolate cake. That was interesting too.
  • #2,498
  • Oct 12, 2010 12:10pm Oct 12, 2010 12:10pm
Quoting alter
I was stopped out on GBPCHF. Clear demand zone but failed to hold.
There had been a lot of demand consumed by the level just above it. Prices reached your demand zone with a lot of momentum, suggesting bears were strong, as previous demand had been consumed. and on 4H (lower chart), bears are clearly in control.

safer to short rallies at supply or buy demand with price confirmation.

hope this helps...
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  • #2,499
  • Oct 12, 2010 12:10pm Oct 12, 2010 12:10pm
i went long on gbp/jpy. start of the up move on the 4HR time frame and bottom of flag. also 15 minute engulfing bull candle
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  • #2,500
  • Oct 12, 2010 12:19pm Oct 12, 2010 12:19pm
Quoting Phonetic
i went long on gbp/jpy. start of the up move on the 4HR time frame and bottom of flag. also 15 minute engulfing bull candle

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