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Trading With Limit Orders

  • #141
  • Dec 5, 2010 4:44pm Dec 5, 2010 4:44pm
i reckon eurusd is gonna fall,elliot wave forecast says it,ill just wait until london to see wat they have to say
  • #142
  • Dec 5, 2010 4:51pm Dec 5, 2010 4:51pm
Quoting dragan53
i reckon eurusd is gonna fall,elliot wave forecast says it,ill just wait until london to see wat they have to say
How far and for how long do you think it will fall?

See what who has to say?
  • #143
  • Dec 5, 2010 4:54pm Dec 5, 2010 4:54pm
Quoting CollectPIPS
Just to understand it better: does ECB buying bonds mean ECB injecting money into the market? In other word, QE, in a sense?

Congratz for a quick & easy profit on gap http://cdn.forexfactory.com/images/s...m/thumbsup.gif
Well at this point we just know that the ECB was buying bonds and keeping it hush hush while the euro dropped earlier in the week. Maybe to let it reach institutional buy orders at demand?? Anyways the facts are to be released tomorrow. We don't know if they were buying or printing and buying.


Quoting frankkn

I am sure that fundamentals drive the market. Instead of trying to pan through all of the angles, I'd rather let the pros show me through volume. When price reaches the daily supply level you've shown we will probably see a vicious reaction!
Yeah, I definitely hear you on the fundies. Just so you know I don't pay attention to fundamentals solely for trading. I try to keep up to speed regardless but it is interesting to see the two things mesh. Supply/Demand and Fundies both drive markets. Most people think it's solely fundies driving the market but I feel that certain issues are brought to the spot light at certain times for certain reasons. They're kind of the same thing when you really get down too it. Two ways to discuss the same thing. When and where people are buying/selling. Again, how I see it.



Quoting frankkn
...Haha long winded, but my point is that when we reach that supply level these are the things we'll need to watch for. I like TOS you should get it if you haven't already.
Wow that is super interesting. Please throw up a chart utilizing VSA sometime but I definitely hear what you're saying. Pinbar at demand/supply would be just mint!


Quoting frankkn
BTW Blue hows your 4x4 coming along? You guys get snow too?
We didn't really get more than a dusting. It was gone by noon. 4x4 project is going swimmingly albeit it's taking a bit longer than anticipated. There's a bunch of stuff I didn't expect but that's kind of what happens when you build up a motorized vehicle! Gotta get a couple extra hands to help me with a thing or two but after that I should have everything wrapped up in a week or so. After that is troubleshooting...at least that's what I'm going to go ahead and expect. I'm stoked about it though. The whole experience has been mucho bueno!
  • #144
  • Dec 5, 2010 4:55pm Dec 5, 2010 4:55pm
todd gordons ellit wave study says it,and hes a pretty succesfull trader
http://twitpic.com/3ckdd8

i will wait for furter signal then a $20 short would be good
  • #145
  • Dec 5, 2010 5:04pm Dec 5, 2010 5:04pm
Yeh, these are the s/d zones I got on my charts. Am getting there

Quoting frankkn
Hahaha you're right! Thanks for pointing that out lol

Here is my weekly, and Blue's got the daily covered already
  • #146
  • Dec 5, 2010 5:06pm Dec 5, 2010 5:06pm
Quoting Bluehills
Well at this point we just know that the ECB was buying bonds and keeping it hush hush while the euro dropped earlier in the week....
Great thoughts on fundamentals, I should be focusing more on current events because I'm going to have to talk to clients about them. Can't tell them the dow is headed for supply or whatever lol (not that it is, I don't watch DJ for now, hopefully I'll be trading futures when I have more time)

Next week is the last week of my current schedule. After that I'll see a complete flip and I'll be available to trade during prime US trading hours, and I'll be posting tons of volume trading hopefully.

My volume experience is limited to 5m-1h charts for the most part, it is very different from larger time frames. I'm sure some VSAers may disagree, but my personal VSAing is way accurate on small time frames.

Basically all you're doing is looking for their orders (selling into an up move and vice versa, shown through UHV) and then a lack of interest in higher prices.

And holy shit man you must have some cash to be funding all this!

Is this your job?? If it isn't it should be, if you love what you do you never work a day in your life right?
  • #147
  • Dec 5, 2010 5:09pm Dec 5, 2010 5:09pm
Quoting dragan53
todd gordons ellit wave study says it,and hes a pretty succesfull trader
http://twitpic.com/3ckdd8

i will wait for furter signal then a $20 short would be good
LOL

At this moment in time I think the most high probability, and low risk short opportunity is going to be at the daily supply level Blue highlighted for us.

Do you have anything you would like to share regarding trading with limit orders? I'd love to hear
  • #148
  • Dec 5, 2010 5:09pm Dec 5, 2010 5:09pm
So, you take volume into picture, too. Do you look at volume in its raw form, or do you use any VSA indicators? What are they? Thx.

Quoting frankkn
...

I am not sure how much VSA I've mentioned in here so far....
  • #149
  • Dec 5, 2010 5:11pm Dec 5, 2010 5:11pm
Quoting CollectPIPS
Yeh, these are the s/d zones I got on my charts. Am getting there
Where are you from C, what kinds of things do you do?

Edit:

For intra day, I use IBFX tick volume on 5m, 15m, 30m, and 1h.

For daily/weekly/4h I use TOS futures. I like the 4h vol the best when looking at daily/weekly supply so far but I'm not used to these TF volume.

No indicators.
  • #150
  • Dec 5, 2010 5:14pm Dec 5, 2010 5:14pm
Quoting frankkn
LOL

At this moment in time I think the most high probability, and low risk short opportunity is going to be at the daily supply level Blue highlighted for us.

Do you have anything you would like to share regarding trading with limit orders? I'd love to hear
what is so special about limit orders?
  • #151
  • Dec 5, 2010 5:16pm Dec 5, 2010 5:16pm
Quoting dragan53
what is so special about limit orders?
My brother did you read the thread? LOL because this is the point of the thread.
  • #152
  • Dec 5, 2010 5:27pm Dec 5, 2010 5:27pm
Quoting frankkn
My brother did you read the thread? LOL because this is the point of the thread.
oye,plannned trades,when ur not on the computer,am i right,
in that case u can just get a mobiletrader
  • #153
  • Dec 5, 2010 5:38pm Dec 5, 2010 5:38pm
Quoting dragan53
oye,plannned trades,when ur not on the computer,am i right,
in that case u can just get a mobiletrader

That's one important aspect

In addition to that, I've discovered that when trading LO you can more easily separate yourself from the trade so that your own fear and greed don't interfere. No sweating and no mistakes!

Trading LO allows you to be sure that you're going to stick to your plan, no matter what, in a way that is easy-breezy because you're not sweating your pips and fuckin up because you're human.
  • #154
  • Dec 5, 2010 5:40pm Dec 5, 2010 5:40pm
Quoting dragan53
mobiletrader
I'll have a break soon, but my life is far too busy to actively trade even if I had a black berry or Iphone. Once my career gets going I'll be able to trade 1h probably.
  • #155
  • Dec 5, 2010 6:52pm Dec 5, 2010 6:52pm
Quoting shstevens
Hi,

Related to this, does anyone know a reliable platform or service in which you can enter price alerts and receive a text or e-mail that w/help with enter/exiting trades.

thanks for any suggestions
sierra charts
  • #156
  • Dec 5, 2010 7:10pm Dec 5, 2010 7:10pm
Quoting frankkn
I'll have a break soon, but my life is far too busy to actively trade even if I had a black berry or Iphone. Once my career gets going I'll be able to trade 1h probably.
get a break man
  • #157
  • Dec 5, 2010 7:43pm Dec 5, 2010 7:43pm
Quoting dragan53
get a break man

LOL working 1:30pm-10:00pm instead of 7:00am-3:30pm with no classes is my break.

But honestly even if I had all the time in the world, I would rather enjoy my life than be a slave to my monitor.
  • #158
  • Dec 5, 2010 7:51pm Dec 5, 2010 7:51pm
wou,is that 4 tuition fees?
  • #159
  • Dec 5, 2010 7:56pm Dec 5, 2010 7:56pm
Quoting dragan53
wou,is that 4 tuition fees?
Yep, and rent, bills, and food. Thank goodness for forex so I can occasionally buy my Melanie a new pair of shoes
  • #160
  • Dec 5, 2010 8:05pm Dec 5, 2010 8:05pm
Quoting frankkn
Yep, and rent, bills, and food. Thank goodness for forex so I can occasionally buy my Melanie a new pair of shoes
wouu living in the usa is hard,i live in australia and here everyone gets welfare,even drugies,they even get free drug doses in small doses,so they dont go crazy

u should like move here when u finish ur school
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