Price is everything | Page 179 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EIP: Everything In Price (PIE) 16 replies

Everything to Nothing to get Everything? 7 replies

Price Is Everything - Lets Focus on Price and Swings 17 replies

Price is Everything (Long Term and Semi-Auto Edition) 26 replies

Everything You Wanted To Know About Electronic Trading, by Linda Bradford Raschke 0 replies

Attachments: Price is everything
Exit Attachments

Price is everything

  • #3,561
  • Nov 9, 2010 11:24am Nov 9, 2010 11:24am
Unbelievable thanks red USDDKK is exact inverse of EURUSD. It seems like the USDDKK is potentially a lead indicator.

I finally have my second trade for the day the first one I cought 10 pips on the 2nd trade is still open it was a sell at 1.3929 I have since moved my sl to 1.3891, current price 1.3875

I will manage the trade as price action changes. This is a strategy I have been trying to work on as far as managing a successful trade, I call it mapping price (seems to allow me to stay in or out of a trade.)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
Know when to hold em, Know when to fold em!
  • #3,562
  • Nov 9, 2010 11:28am Nov 9, 2010 11:28am
Quoting bigwal
Red,

Raw price action, errrrr. Whats with the chart, i cant even see price

Attached Image (click to enlarge)
Click to Enlarge Name: 11.09.2010-18.23.58.png Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ec.jpg Size: 62 KB




2 views - same demand zone


jlako tech
  • #3,563
  • Nov 9, 2010 11:31am Nov 9, 2010 11:31am
Quoting goods
Unbelievable thanks red USDDKK is exact inverse of EURUSD. It seems like the USDDKK is potentially a lead indicator.

I finally have my second trade for the day the first one I cought 10 pips on the 2nd trade is still open it was a sell at 1.3929 I have since moved my sl to 1.3891, current price 1.3875

I will manage the trade as price action changes. This is a strategy I have been trying to work on as far as managing a successful trade, I call it mapping price (seems to allow me to stay in or out of a trade.)

ahhh - making sense now ............


many more pennies will fall - watch this space
  • #3,564
  • Edited 11:57am Nov 9, 2010 11:39am | Edited 11:57am
Quoting redsword11
ahhh - making sense now ............


many more pennies will fall - watch this space
What I think I am starting to notice is you need to respect the trade for what the market does. NOt every swing trade will be successful, hence this one could be I dont know. Get out if market reverses and keep profit if it keeps running then keep it going. I am also convinced it would be time to short rallies, and I do have a feeling like the big pullback is going on now.

The market has personalities hence the people trading it, their person's and points of view change so I need to follow them, (them being big money).

I have moved EU short sl to 1.3885 above previous congested range.
Know when to hold em, Know when to fold em!
  • #3,565
  • Nov 9, 2010 11:47am Nov 9, 2010 11:47am
Quoting Dropped Onion
partial close here
closed rest of audjpy short @ second target which was demand on 15m chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7.gif Size: 16 KB
Click to Enlarge Name: 77.gif Size: 19 KB
  • #3,566
  • Nov 9, 2010 11:49am Nov 9, 2010 11:49am
@ Red

another 2 views, ooooooooh, we have confluence.


This could be a limit order jobbie.

But this is a pure price action thread isnt it. RAW
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 27 KB
Click to Enlarge Name: eurcad fib.gif Size: 28 KB
I need to finish something i started
  • #3,567
  • Nov 9, 2010 11:50am Nov 9, 2010 11:50am
Quoting Dropped Onion
closed rest of audjpy short @ second target which was demand on 15m chart.


well traded D.O


yep
  • #3,568
  • Nov 9, 2010 11:53am Nov 9, 2010 11:53am
Dropped onion,

I have see a few of your trades now, well done.

you are very organised with your view, you follow price when you are in trade . I like that, its like you are nuturing your trade.

W
I need to finish something i started
  • #3,569
  • Nov 9, 2010 11:58am Nov 9, 2010 11:58am
Quoting goods
What I think I am starting to notice is you need to respect the trade for what the market does....

I have moved EU short sl to 1.3885 above previous congested range with 45 pips locked in. If we will start trading below 1.3800 I will possibly add to position.
Know when to hold em, Know when to fold em!
  • #3,570
  • Nov 9, 2010 12:03pm Nov 9, 2010 12:03pm
Quoting goods
I have moved EU short sl to 1.3885 above previous congested range with 45 pips locked in. If we will start trading below 1.3800 I will possibly add to position.


closed it - giving nothing back
  • #3,571
  • Nov 9, 2010 12:04pm Nov 9, 2010 12:04pm
Quoting redsword11
closed it - giving nothing back

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 67 KB
  • #3,572
  • Nov 9, 2010 12:09pm Nov 9, 2010 12:09pm
Quoting redsword11
closed it - giving nothing back
I am out as well took 80 pips today so far. Time to give my brain a rest and refresh see what happens in asain session.
Know when to hold em, Know when to fold em!
  • #3,573
  • Nov 9, 2010 12:09pm Nov 9, 2010 12:09pm
Quoting goods
I have moved EU short sl to 1.3885 above previous congested range with 45 pips locked in. If we will start trading below 1.3800 I will possibly add to position.
Hey Goods,

I thought you were a 15 pip guy.

Its a great feeling to go with the market, with the flow rather than against it.
Let the market lead you, you know she needs to pause maybe even back step slightly. Keep an eye on the next zone, will she reverse, will she continue.

Either way price will tell you.

W
I need to finish something i started
  • #3,574
  • Nov 9, 2010 12:11pm Nov 9, 2010 12:11pm
Quoting bigwal
Hey Goods,

I thought you were a 15 pip guy.

Its a great feeling to go with the market, with the flow rather than against it.
Let the market lead you, you know she needs to pause maybe even back step slightly. Keep an eye on the next zone, will she reverse, will she continue.

Either way price will tell you.

W
You are right buddy, right now I am just trying to keep mapping price and take what the market gives me. If it only gives me 15 so be it, if I get more awesome, my goal will strive to turn these into swing trades and more.
Know when to hold em, Know when to fold em!
  • #3,575
  • Nov 9, 2010 12:14pm Nov 9, 2010 12:14pm
well done Goods,

Just seen you close.

I have been there when you know where it is headed but greed just keep you in. in the past i have had 100 pip moves only to see it reverse and i would think its just a pullback/breather. only to see the whole lot disapear.

targets are often as clear as entries. But more people struggle to get out.

W

Happy thread today then
I need to finish something i started
  • #3,576
  • Nov 9, 2010 12:16pm Nov 9, 2010 12:16pm
Quoting redsword11
well traded D.O

yep
Red. Green on Cable. smaller TF tech.

clearly defined S/R. breakout. retest and rejection. short with tight stop. target area - that reliable price magnet of demand. done. dusted.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 18 KB
  • #3,577
  • Nov 9, 2010 12:22pm Nov 9, 2010 12:22pm
Quoting Dropped Onion
Red. Green on Cable. smaller TF tech.

clearly defined S/R. breakout. retest and rejection. short with tight stop. target area - that reliable price magnet of demand. done. dusted.



its good to write the action on the chart



makes alot of sense and NOTHING IS RANDOM
  • #3,578
  • Nov 9, 2010 12:25pm Nov 9, 2010 12:25pm
Quoting redsword11

NOTHING IS RANDOM
indeed. backwards that is modnar si gnihton........which translates roughly to 'price is everything'
  • #3,579
  • Nov 9, 2010 12:27pm Nov 9, 2010 12:27pm
Quoting redsword11

its good to write the action on the chart
exactly Red. it fortifies objective information on the chart. subjectivity/guessing has no place in sustainable trading.
  • #3,580
  • Nov 9, 2010 12:29pm Nov 9, 2010 12:29pm
Quoting Dropped Onion
indeed. backwards that is modnar si gnihton........which translates roughly to 'price is everything'


that isn't random either
6 traders viewing now