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Price is everything

  • #3,721
  • Nov 10, 2010 11:54am Nov 10, 2010 11:54am
Quoting redsword11
not @ the same time, one or the other
exactly mate.
  • #3,722
  • Nov 10, 2010 12:10pm Nov 10, 2010 12:10pm
Quoting redsword11
Attachment

Attachment


closed near channel uptl
  • #3,723
  • Nov 10, 2010 12:11pm Nov 10, 2010 12:11pm
Quoting redsword11
closed near channel uptl

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  • #3,724
  • Nov 10, 2010 12:23pm Nov 10, 2010 12:23pm
Quoting bigwal
Internet connection issues all day.

Busy with other stuff aswell, might catch up later.

W


....... and good evening bigwal
  • #3,725
  • Nov 10, 2010 12:30pm Nov 10, 2010 12:30pm
You can call me Warren


You were funny last night Red.
I need to finish something i started
  • #3,726
  • Nov 10, 2010 12:33pm Nov 10, 2010 12:33pm
Quoting bigwal
You can call me Warren


You were funny last night Red.


awh man - threw a pillow across my room too! Nearly hit my cat
  • #3,727
  • Nov 10, 2010 12:50pm Nov 10, 2010 12:50pm
hows it been for you today Red.

We are seeing major turns all over the place. we want up and down movements.
I need to finish something i started
  • #3,728
  • Nov 10, 2010 12:53pm Nov 10, 2010 12:53pm
Quoting bigwal
hows it been for you today Red.

We are seeing major turns all over the place. we want up and down movements.


done ok - missed a nice move south on loony, caught some of it north


scalped all day here and there
  • #3,729
  • Nov 10, 2010 12:55pm Nov 10, 2010 12:55pm
sold cadjpy


be back in a bit - check 4hr dtl and 15 min PA
  • #3,730
  • Nov 10, 2010 1:34pm Nov 10, 2010 1:34pm
Second short for EU, closed first one with 80 pips profit. Here is the rally short setup
Attached Image (click to enlarge)
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Know when to hold em, Know when to fold em!
  • #3,731
  • Nov 10, 2010 1:36pm Nov 10, 2010 1:36pm
Quoting goods
Second short for EU, closed first one with 80 pips profit. Here is the rally short setup

Here is the 15 min chart pa setup, the 5 looks even sweeter.

Just wanted to see what I could squeeze out for EOD action
Attached Image (click to enlarge)
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Know when to hold em, Know when to fold em!
  • #3,732
  • Nov 10, 2010 2:21pm Nov 10, 2010 2:21pm
Hi Goods,

I see by your chart we are back up at supply level.

Also there is a bit of a lower highs being formed on the hourly by the wicks.

1 question what is your trigger bar for entry ?
I need to finish something i started
  • #3,733
  • Nov 10, 2010 2:24pm Nov 10, 2010 2:24pm
Quoting bigwal
Hi Goods,

I see by your chart we are back up at supply level.

Also there is a bit of a lower highs being formed on the hourly by the wicks.

1 question what is your trigger bar for entry ?

Hi buddy hope you are glad to have power back again. It was on the confluence of the fib retracement, those 2 trendlines, and the swing high on the 5 min chart. I am only shorting into rallies.

I just closed the trade, I dont like how it is reacting - perhaps end of day low liquidity, fake moves and what nots... I jacked 2 pips from the market.
Know when to hold em, Know when to fold em!
  • #3,734
  • Nov 10, 2010 2:41pm Nov 10, 2010 2:41pm
Goods,

I dont know if im missing something but i dont see the fibs are showing anything there. maybe i just use them different.

Im looking at the hourly and a nice pinbar has formed back at the supply level, although its a bit of a messy area up there.

I see a pinbar there, very nice too, but for me i would look for the next bar after it to break the base of the pinbar before i would enter. I always look for a clear trigger bar.

Price hasnt broke the base yet, thats what i would look at regarding this area, i tend to scroll up the tf, just to see if im playing into something nasty.

Stop would be at the nose of the bar also.

If that pinbar fails, or the trendline. its a no go.

I dont know if this is the correct way to say it

supply could be consumed at this level and we may go up.

Watch price
I need to finish something i started
  • #3,735
  • Nov 10, 2010 2:41pm Nov 10, 2010 2:41pm
Quoting goods
Hi buddy hope you are glad to have power back again. It was on the confluence of the fib retracement, those 2 trendlines, and the swing high on the 5 min chart. I am only shorting into rallies.

I just closed the trade, I dont like how it is reacting - perhaps end of day low liquidity, fake moves and what nots... I jacked 2 pips from the market.

Attached Image (click to enlarge)
Click to Enlarge Name: eu tech.jpg Size: 65 KB
  • #3,736
  • Nov 10, 2010 2:44pm Nov 10, 2010 2:44pm
sold aud @ 1.00506
  • #3,737
  • Nov 10, 2010 2:49pm Nov 10, 2010 2:49pm
Good's.

Look at my red horizontal line at the base of pinbar this is where you would enter a trade. with a sell stop. so its a pending trade. This way if it doesnt reject like it should you are not in the trade. This could still go down.

look at these pinbars at supply and demand levels, they can be good if you play them right.

The reason you put your stop above the nose is price rejected from there it shouldnt want to visit there again.

Lets see what happens here.
Warren


Red , yes right shoulder, i see it
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I need to finish something i started
  • #3,738
  • Nov 10, 2010 2:52pm Nov 10, 2010 2:52pm
Quoting redsword11
Attachment

Attached Image (click to enlarge)
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cable 15m min div near supply zone
  • #3,739
  • Nov 10, 2010 2:56pm Nov 10, 2010 2:56pm
I would look @ an entry, we have 2 pinbars now, very close to hourly close
I need to finish something i started
  • #3,740
  • Nov 10, 2010 4:07pm Nov 10, 2010 4:07pm
Quoting redsword11
sold aud @ 1.00506

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