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  • #161
  • Dec 5, 2010 11:05pm Dec 5, 2010 11:05pm
<How far and for how long do you think it will fall?> does dragan have a crystal ball? LOL

Anyway, we have these demand levels untested yet: 1.2970, 1.2587, 1.1876......


Quoting frankkn
How far and for how long do you think it will fall?

See what who has to say?
  • #162
  • Dec 5, 2010 11:15pm Dec 5, 2010 11:15pm
Quoting CollectPIPS
<How far and for how long do you think it will fall?> does dragan have a crystal ball? LOL

Anyway, we have these demand levels untested yet: 1.2970, 1.2587, 1.1876......
is this eurusd

wat exactly do u mean untested?
  • #163
  • Dec 5, 2010 11:16pm Dec 5, 2010 11:16pm
Yes sir.

Price hasn't revisited the levels since it last left them, as Seiden taught.

Quoting dragan53
is this eurusd
  • #164
  • Dec 5, 2010 11:34pm Dec 5, 2010 11:34pm
Quoting CollectPIPS
Yes sir.

Price hasn't revisited the levels since it last left them, as Seiden taught.
why should we be worried about that,thats a sign of strong trend
  • #165
  • Edited 2:50am Dec 6, 2010 12:29am | Edited 2:50am
Not a matter of 'worry'. Seiden taught that price will often come back to revisit untested levels. So, these are levels that price is most likely to reach on its way up or down, & where it is most likely to turn around.

Quoting dragan53
why should we be worried about that,thats a sign of strong trend
  • #166
  • Dec 6, 2010 1:43am Dec 6, 2010 1:43am
Quoting CollectPIPS
Not a matter of 'worry'. Seiden taught that price will often come back to revisit untested levels. So, these are levels that price is most likely to reach on its way up or down.
ouh,like support and resistance ,fibos,i see
  • #167
  • Dec 6, 2010 2:49am Dec 6, 2010 2:49am
Yup, but in this & similar threads they call it supply & demand levels/zones. You may want to use same to sound professional

Quoting dragan53
ouh,like support and resistance ,fibos,i see
  • #168
  • Dec 6, 2010 5:34am Dec 6, 2010 5:34am
Quoting CollectPIPS
Yup, but in this & similar threads they call it supply & demand levels/zones. You may want to use same to sound professional
the market doesnt care if ur pro or not,as long as u follow the smart money ur a winner
  • #169
  • Dec 6, 2010 7:05am Dec 6, 2010 7:05am
Cldn't be more true

Quoting dragan53
the market doesnt care if ur pro or not,as long as u follow the smart money ur a winner
  • #170
  • Dec 6, 2010 7:45am Dec 6, 2010 7:45am
went long eurousd @ 3255, took half off at 1st taregt 3300 (speed bump and supply on 15 min), and remainder off at 3275. Reason for taking quick profits is because we are right in the middle of the weekly zones. Price turned around at the 50% level between weekly levels. It pays to take quick profits around this level as price can go either way as the market is usually a lot choppier according to Seiden.
  • #171
  • Dec 6, 2010 10:25am Dec 6, 2010 10:25am
Quoting CollectPIPS
Cldn't be more true
CACHING!
  • #172
  • Dec 6, 2010 11:34am Dec 6, 2010 11:34am
GBPJPY is approaching last week's low, but this area has been tested several times already so demand may be gone.
  • #173
  • Dec 6, 2010 3:44pm Dec 6, 2010 3:44pm
Quoting dragan53
free drug doses
Now that's what I'm talkin about!
  • #174
  • Dec 6, 2010 3:50pm Dec 6, 2010 3:50pm
EU longs filled. The second reached its 1:3 TP, and the first is still workin.

I moved my stop to break even. I've found that my good trades will hit my TP within hours, and also as Porkpie mentioned we're in a strange place on the long term supply and demand picture so I'm going SL to BE and holding out for 1:3 on this one too.

Hey Pork nice entry, 4 pips different from mine!

Edit:

For dragan; this is an example of an advantage of trading LO. I would definitetly have been tempted to move my stop to BE too early. I could be looking at 2 break even trades.

Conversely, even if I had left my stops alone I would have at least had some anxiety from watching the charts.

So there are two advantages.
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  • #175
  • Dec 6, 2010 4:30pm Dec 6, 2010 4:30pm
I mentioned recently how I would like to keep a closer eye on longer time frames, and not just look at them on the weekends. That way I can be more careful as we approach long term SD levels.

It's probably a good idea to look at the longer term levels in the same manor every day, so here's my daily. I'll try to post one each day in the same way.

Sam Seiden said before to look to the left (from price's current location) and up to find the next supply level, and down for the next demand level.

Using this method I've marked the major supply and demand from the weekly in blue. Next I switched to a daily and circled in green the major daily levels.

I think this will be an easy-to-maintain daily analysis, with the purpose of keeping me aware of the next levels.

The reason I want to be aware of these "next levels" is so I don't go short into a demand level or long into a supply level, and also to provide me with a bias.
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  • #176
  • Dec 6, 2010 5:11pm Dec 6, 2010 5:11pm
Quoting frankkn
I mentioned recently how I would like to keep a closer eye on longer time frames, and not just look at them on the weekends. That way I can be more careful as we approach long term SD levels.

It's probably a good idea to look at the longer term levels in the same manor every day, so here's my daily. I'll try to post one each day in the same way.

Sam Seiden said before to look to the left (from price's current location) and up to find the next supply level, and down for the next demand level.

Using this method I've marked the major supply...
Yes, this is what I do, I throw up all my levels from 3 time frames on the chart as different colours so when I am on the smaller time frame I know where I am on the bigger picture. I can then have several pairs on one screen.

Nice patience with the Euro trades there Frank. I was a little over leveraged (for Christmas presents...) so took my money and ran (to the shops ).
  • #177
  • Dec 6, 2010 8:59pm Dec 6, 2010 8:59pm
nice frankk,the best trading style is the one that suits ur personality
  • #178
  • Dec 7, 2010 8:18am Dec 7, 2010 8:18am
Quoting evancds
GBPJPY is approaching last week's low, but this area has been tested several times already so demand may be gone.

I didn't trade this long, but will look for shorts at 132.
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  • #179
  • Dec 7, 2010 3:41pm Dec 7, 2010 3:41pm
Hit my other target this morning on EU.

No other positions filled yet, patiently waiting.

I just got home from the gym and need to hop in the shower, later I'll toss up my daily review
  • #180
  • Dec 7, 2010 4:24pm Dec 7, 2010 4:24pm
Daily EU, price is retracing as hourly dollar index approaches supply.

Just had a long nzd/usd filled, my EU longs are down further at the next demand(posted yesterday or the day before)
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