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Price is everything

  • #3,301
  • Nov 5, 2010 9:10am Nov 5, 2010 9:10am
15 minutes buyers. let's see if they can hold the pair.

area 1.407 - 1.409

also USX 15M H&S pattern. don't like H&S but that's what I see. not confirmed yet.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3,302
  • Nov 5, 2010 9:15am Nov 5, 2010 9:15am
Quoting DMA Trader
15 minutes buyers. let's see if they can hold the pair.

area 1.407 - 1.409

also USX 15M H&S pattern. don't like H&S but that's what I see. not confirmed yet.


Attached Image (click to enlarge)
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  • #3,303
  • Nov 5, 2010 9:15am Nov 5, 2010 9:15am
here is the chart. also watch the GREEN Line
it's extremly important. coming from weekly trend. the last line in the sand for DXY
Attached Image (click to enlarge)
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3,304
  • Nov 5, 2010 9:19am Nov 5, 2010 9:19am
Quoting DMA Trader
here is the chart. also watch the GREEN Line
it's extremly important. coming from weekly trend. the last line in the sand for DXY

Attached Image (click to enlarge)
Click to Enlarge Name: dkk.jpg Size: 70 KB



dkk is holding and testing new support created by the inverted level, insight also to dx setiment


should rally
  • #3,305
  • Nov 5, 2010 9:28am Nov 5, 2010 9:28am
Attached Image (click to enlarge)
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  • #3,306
  • Nov 5, 2010 9:39am Nov 5, 2010 9:39am
Supply looks like it could be getting weaker on GU the retraces are getting samller each time.

15min below
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  • #3,307
  • Nov 5, 2010 9:45am Nov 5, 2010 9:45am
Quoting reflex
Supply looks like it could be getting weaker on GU the retraces are getting samller each time.

15min below


its now bound - until news l think


capped above and below - it does look like prices are consuming supply for an advance through supply


check 5min - see the pivots turning to clusters ......... know what that means ?
  • #3,308
  • Nov 5, 2010 9:49am Nov 5, 2010 9:49am
Quoting redsword11
its now bound - until news l think


capped above and below - it does look like prices are consuming supply for an advance through supply


check 5min - see the pivots turning to clusters ......... know what that means ?
I don't know what the cluster is telling us?

Is it telling us supply and demand are just as strong as each other? But we should excpect a break through the supply north because of the HL pullbacks on the 15min showing more strength to the upside then downside?
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  • #3,309
  • Nov 5, 2010 9:56am Nov 5, 2010 9:56am
Quoting reflex
I don't know what the cluster is telling us?

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  • #3,310
  • Nov 5, 2010 10:00am Nov 5, 2010 10:00am
Quoting redsword11
Attachment
Thanks alot for showing me that. Amazing the amount I have picked reading this thread for the last couple of days.

Cheers.
  • #3,311
  • Nov 5, 2010 10:04am Nov 5, 2010 10:04am
Quoting redsword11
Attachment
can also be a bear flag.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3,312
  • Nov 5, 2010 10:06am Nov 5, 2010 10:06am
Quoting reflex
Thanks alot for showing me that. Amazing the amount I have picked reading this thread for the last couple of days.

Cheers.


you are developing your price vision - you already have a trading plan with just that alone - not so confusing now is it .............
  • #3,313
  • Nov 5, 2010 10:10am Nov 5, 2010 10:10am
Quoting DMA Trader
can also be a bear flag.

more a wedge on 5 min with contracting prices, triangle to supply and then whipsaw south
  • #3,314
  • Nov 5, 2010 10:13am Nov 5, 2010 10:13am
aud developing a bearish whipsaw config on 30 min from supply zone
  • #3,315
  • Nov 5, 2010 10:13am Nov 5, 2010 10:13am
Quoting redsword11
you are developing your price vision - you already have a trading plan with just that alone - not so confusing now is it .............
No its not atal I am hoping to have one write out by monday I took this week off of live trading to write a plan becasue trading was becoming difficult as I didn't have a plan for trade managment like when will stops be moved to BE how much will I take off at 1st target ect.

Looks like that BO of the pivot highs could have been a fakeout. Price went right into the middle of the supply zone on the 15min then turned and this bar is looking to close pretty bearish.
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  • #3,316
  • Nov 5, 2010 10:16am Nov 5, 2010 10:16am
Quoting reflex
Looks like that BO of the pivot highs could have been a fakeout. Price went right into the middle of the supply zone on the 15min then turned and this bar is looking to close pretty bearish.
The low of the cluster could hold but a BO south you would consider quite bearish?

I'll stop with all the questions well your trading.
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  • #3,317
  • Nov 5, 2010 10:23am Nov 5, 2010 10:23am
Quoting reflex
No its not atal I am hoping to have one write out by monday I took this week off of live trading to write a plan becasue trading was becoming difficult as I didn't have a plan for trade managment like when will stops be moved to BE how much will I take off at 1st target ect.

Looks like that BO of the pivot highs could have been a fakeout. Price went right into the middle of the supply zone on the 15min then turned and this bar is looking to close pretty bearish.

....... and further more Reflex - now you know ANY CLUSTER ON ANY PAIR ON ANY TF is a balance between buyers and sellers - when one side is exhausted then it will break one way or the other - so now there is NO SUCH THING AS NOISE or anything random in this market



it may not be tradable but atleast you know what is going on within the dynamics and functions that market exhibits between supply and demand zones
  • #3,318
  • Nov 5, 2010 10:24am Nov 5, 2010 10:24am
Thought I'd try red's no wick stylie, I really like it. Really lets you focus on the more important levels.
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  • #3,319
  • Nov 5, 2010 10:30am Nov 5, 2010 10:30am
Attached Image (click to enlarge)
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demand not supply - wrote supply by mistake
  • #3,320
  • Nov 5, 2010 10:30am Nov 5, 2010 10:30am
Quoting frankkn
Thought I'd try red's no wick stylie, I really like it. Really lets you focus on the more important levels.


yeah - bin all the distraction - raw momentum PA
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