Attachments: Price is everything

Price is everything

#3,161
Nov 2, 2010 9:16pm Nov 2, 2010 9:16pm

Scarlett
| Joined Jan 2006 | Status: Trader | 151 Posts

Hi there,

I came by this thread late and I have to say, it sure is impressive...

Great contribution.

Question: How are y'all handling stops? I haven't seen them on the charts and I am interested to know how Red and Onion get out on a trade that isn't working.

Thanks

Scarlett

#3,162
Nov 2, 2010 10:07pm Nov 2, 2010 10:07pm

redsword11
Joined Nov 2008 | Status: living deliberately | 11,122 Posts

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PA suggests a correction in the making

#3,163
Nov 2, 2010 10:08pm Nov 2, 2010 10:08pm

redsword11
Joined Nov 2008 | Status: living deliberately | 11,122 Posts

Quoting Scarlett

Disliked

Hi there,

I came by this thread late and I have to say, it sure is impressive...

Great contribution.

Question: How are y'all handling stops? I haven't seen them on the charts and I am interested to know how Red and Onion get out on a trade that isn't working.

Thanks

Ignored

l will try and answer this with real trades

#3,164
Nov 2, 2010 10:15pm Nov 2, 2010 10:15pm

Learn2b
| Joined Jul 2010 | Status: Trader | 16 Posts

Hi redsword11,

What did you mean by 'Watching PA for cluster to get engulfed north' in you Cable 15M chart?

Thanks
Learn2b

#3,165
Nov 2, 2010 10:20pm Nov 2, 2010 10:20pm

redsword11
Joined Nov 2008 | Status: living deliberately | 11,122 Posts

Quoting Learn2b

Disliked

Hi redsword11,

What did you mean by 'Watching PA for cluster to get engulfed north' in you Cable 15M chart?

Thanks
Learn2b

Ignored

if the cluster gets enguilfed north it will act as a support for further advance to supply above, so the LEVEL will turn to support

can go long AFTER it gets enguilfed to supply level, then watch PA - price action - for short @ supply

#3,166
Nov 2, 2010 11:51pm Nov 2, 2010 11:51pm

Ipndasno
| Joined Feb 2010 | Status: Trader | 593 Posts

Quoting Dropped Onion

Disliked

hey Ipndasno.

i like those zones also. price shows you where it wants to go. cable currently wants to go from S/R area to supply.

bought cable. Redy to trade?

Ignored

Your a little late on the Long on GU, so make sure you keep your SL tight at BE.

Now even though th supply is present, we can have ""news momemtum"" that doesnt respect our zones. Also since this current supply is so close to the same supply zone from two days ago, We may see less sellers and potentially break through this DOUBLE top on the LArger Timframe.

Also with FOMC only 12 hours away, I wouldn't risk as much as normal. but being on the long side seams to be the DEMAND ;-)

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I had shorts on GU to the Demand Zone that I boxed in Black. Closed them. Sitting out, now.. I'll see if something looks good in Lond.

#3,167
Nov 3, 2010 2:05am Nov 3, 2010 2:05am

msmarple
Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts

I was expecting more risk-averse trading for today ( news later ), so until now it looks good.

Looking at supply and demand levels is a great learning experience ( your charts ! ).

thank you

__________
michael

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Be like water.

#3,168
Nov 3, 2010 2:09am Nov 3, 2010 2:09am

Ipndasno
| Joined Feb 2010 | Status: Trader | 593 Posts

PMI in 2 hours may shoot this up, so lets look for a longs in Demand zone

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Heres a cleaner version

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#3,169
Nov 3, 2010 4:35am Nov 3, 2010 4:35am

Ipndasno
| Joined Feb 2010 | Status: Trader | 593 Posts

Quoting Ipndasno

Disliked

Now even though th supply is present, we can have ""news momemtum"" that doesnt respect our zones. Also since this current supply is so close to the same supply zone from two days ago, We may see less sellers and potentially break through this DOUBLE top on the LArger Timframe.
.

Ignored

Well that played out as expected. GBP NEWS has been getting leaked early on both PMI releases.