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Price is everything

  • #4,621
  • Nov 22, 2010 3:48pm Nov 22, 2010 3:48pm
Quoting Windpip
Hi All,
I am a newbie but I have already decided that the price action is my preferred trading method. I want to follow this thread but I have difficulties understanding your method. Please point me to the thread where this method is explained. Thank you!
Check out the first post in http://www.forexfactory.com/showthread.php?t=255586

Once you have got it, come back to this thread for more frequent updates. You will learn a lot from Red.

Yoiu have made a good decision!
  • #4,622
  • Nov 22, 2010 4:05pm Nov 22, 2010 4:05pm
Quoting bbakker
Check out the first post in http://www.forexfactory.com/showthread.php?t=255586

Once you have got it, come back to this thread for more frequent updates. You will learn a lot from Red.

Yoiu have made a good decision!

thanks for that input


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if the price structure holds true, eu will head north through zone
  • #4,623
  • Nov 22, 2010 4:31pm Nov 22, 2010 4:31pm
Quoting redsword11
if the price structure holds true
Compression ?
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Don't just be a sheep : make your own idea of it.
  • #4,624
  • Nov 22, 2010 4:35pm Nov 22, 2010 4:35pm
Quoting kassec
Compression ?

yes, appears to be, those bull flags may hold, but that level above current price is key


@ BE



the compression may only play south to the bull flags ..........
  • #4,625
  • Nov 22, 2010 4:54pm Nov 22, 2010 4:54pm
Quoting redsword11
the compression may only play south to the bull flags ..........
I have buying/selling pressure divergences both ways right now. F.... ! The biggest ones say south however. I think I'll keep my account out of this for now.
Don't just be a sheep : make your own idea of it.
  • #4,626
  • Nov 22, 2010 4:58pm Nov 22, 2010 4:58pm
Quoting kassec
I have buying/selling pressure divergences both ways right now. F.... ! The biggest ones say south however. I think I'll keep my account out of this for now.

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  • #4,627
  • Nov 22, 2010 5:43pm Nov 22, 2010 5:43pm
Quoting bbakker
You must try to resist in averaging down. Averaging up, yes, but not down. The market will punish you at some stage if you continue to average down.

Just some friendly advice... do what you will with it.
Hy bbakker,

I tottaly agree with you. I blew an account doing that (end of 2008) and instead of quitting I tried to learn more. I just can't average up, don't know why. So, I refined the average down with a "feeling semi-martingale" and I'm close to 43% on 2 1/2 months DEMO. Of course I only do that near SD zones or at least I try to. Learning from RED, DO and some more traders I think I can do it. Let's see...

Thanks again for your wise words bbakker and accept my Best Regards.
  • #4,628
  • Nov 22, 2010 5:52pm Nov 22, 2010 5:52pm
sold cable @ 1.59502
  • #4,629
  • Nov 22, 2010 5:57pm Nov 22, 2010 5:57pm
Quoting redsword11
sold cable @ 1.59502

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  • #4,630
  • Nov 22, 2010 6:58pm Nov 22, 2010 6:58pm
Hi guys! Holiday in my country so i join the rest and took the day off!! (what a bum!! LOL) Well, i see you've been collecting some pips!!
Red, heres my H$ vuiew of cable. Still in bullish mode inside the blue ascending channel, but it seems we have a black descending channel insede this blue one, so today if USD strenght continues we'll have a test of the blue channel along with the highlighted triangle. Brake of this we'll see me shorting testing the black descending channel.
Currently flat drawing TL's across the board.
Good trades mates!
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  • #4,631
  • Nov 22, 2010 7:05pm Nov 22, 2010 7:05pm
Short E/U

I'll take that holiday money
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Annoying Precision
  • #4,632
  • Nov 22, 2010 7:07pm Nov 22, 2010 7:07pm
Quoting maurofx
Hi guys! Holiday in my country so i join the rest and took the day off!! (what a bum!! LOL) Well, i see you've been collecting some pips!!
Red, heres my H$ vuiew of cable. Still in bullish mode inside the blue ascending channel, but it seems we have a black descending channel insede this blue one, so today if USD strenght continues we'll have a test of the blue channel along with the highlighted triangle. Brake of this we'll see me shorting testing the black descending channel.
Currently flat drawing TL's across the board.
Good trades mates!
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this short is just a scalp, but which way is RECENT MOMENTUM?
  • #4,633
  • Nov 22, 2010 7:13pm Nov 22, 2010 7:13pm
Quoting redsword11
Attachment

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closed most @ BE
  • #4,634
  • Nov 22, 2010 7:20pm Nov 22, 2010 7:20pm
Good Trade . I closed mine for 43 pips

Quoting redsword11
Attachment



closed most @ BE
Annoying Precision
  • #4,635
  • Nov 22, 2010 7:20pm Nov 22, 2010 7:20pm
Quoting redsword11
Attachment


this short is just a scalp, but which way is RECENT MOMENTUM?
Indeed you're right, I have the same bias. Hopefully your scalp can turn into an intradat keeper.
Good luck!!!
  • #4,636
  • Nov 22, 2010 7:24pm Nov 22, 2010 7:24pm
Quoting Ipndasno
Since we had this fast selloff/correction, we may see a fast move to the upside.

I'll be looking for some good PA signals for Longs on EU. Attachment

we also have a lot of news in Lond Session tonight that will affect this move on EU. So depending on news, we may see Eur fall to the next level.

LET PA GUIDE YOU
EU couldn't get past that BLUE level on this current attached chart as I expected. EU pushed lower..
  • #4,637
  • Nov 22, 2010 7:25pm Nov 22, 2010 7:25pm
Quoting erikte279
Short E/U

I'll take that holiday money

you're on the button as usual
  • #4,638
  • Nov 22, 2010 7:26pm Nov 22, 2010 7:26pm
Quoting kassec
I think I'll keep my account out of this for now.
Couldn't resist and went short from 1.3628, 1.3617, 1.3610, 1.3609 and 1.3596. All closed at different levels. Nice move

Looking for new entry around 1.3575/1.3580. Nap time if none.
Don't just be a sheep : make your own idea of it.
  • #4,639
  • Nov 22, 2010 7:26pm Nov 22, 2010 7:26pm
Quoting maurofx
Indeed you're right, I have the same bias. Hopefully your scalp can turn into an intradat keeper.
Good luck!!!


hey dude, good the hear from you


cable won't breakdown easily, so its north and south as PA gives entries
  • #4,640
  • Nov 22, 2010 7:29pm Nov 22, 2010 7:29pm
Now I'm long....small stop
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Annoying Precision
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