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Price is everything

  • #6,361
  • Jan 19, 2011 12:43pm Jan 19, 2011 12:43pm
So far i would establish S/R level and jump into a trade when price comes to that level not waiting for conformation, that's what is called catching a falling knive i guess, but i think i should change that and wait a conformation first.
Although catching a falling knives has its advantages like tight stops.
  • #6,362
  • Jan 19, 2011 1:02pm Jan 19, 2011 1:02pm
Quoting fx111
So far i would establish S/R level and jump into a trade when price comes to that level not waiting for conformation, that's what is called catching a falling knive i guess, but i think i should change that and wait a conformation first.
Although catching a falling knives has its advantages like tight stops.


can't afford to guess a level - tight stops can be placed AFTER the confirmation of a pattern


wait for PA to give you the entry and thats it
  • #6,363
  • Jan 19, 2011 1:56pm Jan 19, 2011 1:56pm
Quoting redsword11
Attachment



rarely use limits but placed one @ right shoulder as an add on

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PA as suggested by price structure
  • #6,364
  • Jan 19, 2011 2:48pm Jan 19, 2011 2:48pm
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manual stop above high
  • #6,365
  • Jan 19, 2011 3:40pm Jan 19, 2011 3:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 64 KB



this horizontal has been inverted several times - seems a pivotal area
  • #6,366
  • Jan 19, 2011 4:08pm Jan 19, 2011 4:08pm
Quoting redsword11
Attachment

Attachment


manual stop above high

closed @ entry
  • #6,367
  • Jan 19, 2011 4:26pm Jan 19, 2011 4:26pm
Quoting redsword11
Attachment


this horizontal has been inverted several times - seems a pivotal area


Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 71 KB





there it is



lower zone could be a buy
  • #6,368
  • Jan 19, 2011 5:56pm Jan 19, 2011 5:56pm
Quoting redsword11
Attachment



PA as suggested by price structure

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 74 KB
  • #6,369
  • Jan 19, 2011 6:17pm Jan 19, 2011 6:17pm
Quoting lukaz_86
SL to b/e
and out +55 pips

short on GU from 5986, half out +18 pips

Attached Image (click to enlarge)
Click to Enlarge Name: gu short.gif Size: 13 KB
  • #6,370
  • Jan 19, 2011 6:21pm Jan 19, 2011 6:21pm
Quoting lukaz_86
and out +55 pips

short on GU from 5986, half out +18 pips

Attachment


no comment
  • #6,371
  • Jan 19, 2011 6:36pm Jan 19, 2011 6:36pm
Quoting redsword11
bought more



longer term stuff

Attached Image (click to enlarge)
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closing first entry @ entry


build ........
  • #6,372
  • Jan 19, 2011 6:45pm Jan 19, 2011 6:45pm
Quoting redsword11
Attachment



should really have waiting for more confirming PA before entry


looks ok for now

Attached Image (click to enlarge)
Click to Enlarge Name: ec.jpg Size: 68 KB



the monster turns


nothing much scares me but this pair ........
  • #6,373
  • Jan 19, 2011 6:59pm Jan 19, 2011 6:59pm
whats your arget on this?

Quoting redsword11
Attachment


the monster turns


nothing much scares me but this pair ........
  • #6,374
  • Jan 19, 2011 7:02pm Jan 19, 2011 7:02pm
Quoting hkkhanus
whats your arget on this?

this whore cost me an investor not so long ago



tg - all the way down ( cadjpy will rally with uj - this will drop eurcad )
  • #6,375
  • Jan 19, 2011 7:06pm Jan 19, 2011 7:06pm
oh sorry about that,,,
sounds like its got some badass movements???
Quoting redsword11
this whore cost me an investor not so long ago



tg - all the way down ( cadjpy will rally with uj - this will drop eurcad )
  • #6,376
  • Jan 19, 2011 7:10pm Jan 19, 2011 7:10pm
Quoting redsword11
this whore cost me an investor not so long ago



tg - all the way down ( cadjpy will rally with uj - this will drop eurcad )


not as simple as that


loony is not a function of dx as many traders think - remember the eu rally and loony rallied @ the same time ........... the answer to that is uj moving with respect to the yen and not dx, this is why you must view uj and dx @ the same time to determine if uj is moving according to the yen or dollar


uj is the fx market maker and swissy - but not so much swissy now since intervention has stopped


its all uj and cadjpy


not good with chats but this is the market when you trade loony, aud, kiwi - must view uj with dx and cadjpy
  • #6,377
  • Jan 19, 2011 7:17pm Jan 19, 2011 7:17pm
when uj moves with yen - cadjpy and loony are inverted pairs and therefore if loony rallies aud and kiwi tend to fall


if uj moves according to dx the market is fcuked up - this is not taught, when you lose accounts its self taught


invite any trading guru in here - paid thousands for BS - feeding fodder nonesense when l would spit in their eye for free


any trader any pair any tf - fcukers couldn't lace my boots


bring them here - feel free - GO AND SEE RED AND GIVE HIM HELL ...... will see all those fundemental fcuks and emas crossing
  • #6,378
  • Jan 19, 2011 7:20pm Jan 19, 2011 7:20pm
Attached Image



what l look like so they don't mistake me



cut you with a blunt sword
  • #6,379
  • Jan 19, 2011 7:22pm Jan 19, 2011 7:22pm
bring your trading soul
  • #6,380
  • Jan 19, 2011 8:17pm Jan 19, 2011 8:17pm
come with it sharpened


as l will - you have nothing, nothing ........
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