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Price is everything

  • #3,221
  • Nov 4, 2010 10:57am Nov 4, 2010 10:57am
Quoting DMA Trader
very nice

do you post often here ?

l started this thread a while ago, would be good to have your input here


l don't regard it as my thread, moveover - traders help traders thread, most welcome to post as you please here




Red to have you here trader
  • #3,222
  • Edited 11:00am Nov 4, 2010 10:58am | Edited 11:00am
Quoting redsword11
wait for a little more PA and see if there is something you recognise for entry


l am short for the reasons l have given in my chart, can't advise you to take it but you must know WHY you entered based on whatever you trading style or plan is
I asked you about stops before and I see that you do alot of manual stops which I think makes alot of sense....

I wonder if you have a rule for when you are wrong (like, say, "i'm wrong when I'm short and price closes above a new resistance on my TF or something like that) or is it strictly a "feel" for the action...

Thanks
Scarlett
  • #3,223
  • Nov 4, 2010 11:04am Nov 4, 2010 11:04am
Red, thanks for reminding me to look at the crosses for clues. This one may or may not be able to break it's daily down trendline, but FIB ratio is very tempting here. I shall keep an eye on it.
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  • #3,224
  • Nov 4, 2010 11:06am Nov 4, 2010 11:06am
Quoting Scarlett
I asked you about stops before and I see that you do alot of manual stops which I think makes alot of sense....

I wonder if you have a rule for when you are wrong (like, say, "i'm wrong when I'm short and price closes above a new resistance on my TF or something like that) or is it strictly a "feel" for the action...

Thanks


its a broad subject, l can say that l ABSOLUTELY HATE getting taken out and then it goes in your direction, also because l monitor the PA, l choose to bail or reverse positions


can't advise you but trading styles and plans are more to do with your personality than anything else - YOU HAVE TO FEEL TOTALLY @ EASE WHEN YOU ENTER, if you don't something is not suitng your personality and that implies your trading style needs revised
  • #3,225
  • Nov 4, 2010 11:12am Nov 4, 2010 11:12am
That's good....
Scarlett
  • #3,226
  • Nov 4, 2010 11:13am Nov 4, 2010 11:13am
Quoting redsword11
Attachment

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  • #3,227
  • Nov 4, 2010 11:25am Nov 4, 2010 11:25am
Quoting redsword11
Attachment
I was looking today on the retracements before range. on the really bullish PA.

and they are not big. average 150 pips. so we get right to your target zone. where also there are former resistance

let's see.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3,228
  • Nov 4, 2010 11:27am Nov 4, 2010 11:27am
Quoting DMA Trader
I was looking today on the retracements before range. on the really bullish PA.

and they are not big. average 150 pips. so we get right to your target zone. where also there are former resistance

let's see.


the EASE at which that first cluster got broken does suggest it will drop to support
  • #3,229
  • Nov 4, 2010 11:37am Nov 4, 2010 11:37am
Quoting redsword11
the EASE at which that first cluster got broken does suggest it will drop to support
I usually look on time to pass before being sure about that level. broken since they like to run the stops and that level is very important.
so if they would respect the down movement we should see some resistance near 1.424level. so that area should hold for now.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3,230
  • Nov 4, 2010 11:49am Nov 4, 2010 11:49am
Quoting redsword11
the EASE at which that first cluster got broken does suggest it will drop to support
fighting with the level again. we should see some stops hit below R1
we didn't make it to 40.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3,231
  • Nov 4, 2010 11:55am Nov 4, 2010 11:55am
Quoting DMA Trader
fighting with the level again. we should see some stops hit below R1
we didn't make it to 40.



its south to support
  • #3,232
  • Nov 4, 2010 12:01pm Nov 4, 2010 12:01pm
Sold EGg .8750
  • #3,233
  • Nov 4, 2010 12:09pm Nov 4, 2010 12:09pm
Attached Image (click to enlarge)
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historic low approach



If prices bounce from the lows, this pair maybe an indicator that kiwi ( therefore aud ) will correct south


worth watching GN reaction and all commodity pairs
  • #3,234
  • Nov 4, 2010 12:34pm Nov 4, 2010 12:34pm
Quoting redsword11
its south to support
they got hit.
1.42 now.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3,235
  • Nov 4, 2010 12:37pm Nov 4, 2010 12:37pm
Quoting DMA Trader
they got hit.
1.42 now.

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south to support
  • #3,236
  • Nov 4, 2010 1:24pm Nov 4, 2010 1:24pm
Quoting Fxfighter
Sold EGg .8750


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  • #3,237
  • Nov 4, 2010 1:31pm Nov 4, 2010 1:31pm
Quoting redsword11
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south to support


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  • #3,238
  • Nov 4, 2010 1:33pm Nov 4, 2010 1:33pm
Quoting redsword11
Attachment



south to support
testing the yellow channel again...
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3,239
  • Nov 4, 2010 1:50pm Nov 4, 2010 1:50pm
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  • #3,240
  • Nov 4, 2010 2:14pm Nov 4, 2010 2:14pm
Quoting redsword11
Attachment
nice
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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