Price is everything | Page 325 | Forex Factory

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Price is everything

  • #6,481
  • Jan 20, 2011 9:11pm Jan 20, 2011 9:11pm
.
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  • #6,482
  • Jan 20, 2011 9:16pm Jan 20, 2011 9:16pm
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  • #6,483
  • Jan 20, 2011 9:37pm Jan 20, 2011 9:37pm
Quoting redsword11
Attachment
Nice entry Red. I am also long AU. partial close at previous high/supply.

rationale for trade

1. support area held up and price could not close lower
2. downward trendline broken to upside
3. strong bull bar

earlier i wanted to short this market, but waited for further prices. prices could not break low/demand/support so i took a long position. the ability to have short term views on long/short positions and the willingness to change these notions with the market is essential to executing profitable trades.
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  • #6,484
  • Jan 20, 2011 11:11pm Jan 20, 2011 11:11pm
Quoting Dropped Onion
Nice entry Red. I am also long AU. partial close at previous high/supply.

rest out at breakeven
  • #6,485
  • Jan 21, 2011 1:28am Jan 21, 2011 1:28am
Quoting redsword11
Attachment


sold the nok

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hit tg
  • #6,486
  • Jan 21, 2011 1:37am Jan 21, 2011 1:37am
Quoting redsword11
....... and sold gbpaud @ 1.6134 giving it 40 pips manual


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it begins
  • #6,487
  • Jan 21, 2011 2:09am Jan 21, 2011 2:09am
Quoting redsword11
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either way

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dx capped - need to be careful we might get a reaction here north
  • #6,488
  • Jan 21, 2011 2:15am Jan 21, 2011 2:15am
forget my manners



good morning all





team spirit
  • #6,489
  • Jan 21, 2011 2:21am Jan 21, 2011 2:21am
Quoting redsword11
forget my manners



good morning all





team spirit
Morning Red & Co.
Ive been to bed twice and your still here knocking them out.
  • #6,490
  • Jan 21, 2011 2:24am Jan 21, 2011 2:24am
Quoting Decimal
Morning Red & Co.
Ive been to bed twice and your still here knocking them out.

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we are @ supply - notice this level is stacked on the left


won't break easily
  • #6,491
  • Jan 21, 2011 2:32am Jan 21, 2011 2:32am
Quoting Decimal
Morning Red & Co.
Ive been to bed twice and your still here knocking them out.
That just reminded me of Cinderella Man :-)
watched it the other day.

Good morning to all.
  • #6,492
  • Jan 21, 2011 2:33am Jan 21, 2011 2:33am
Quoting redsword11
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possible outcome


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breakout did occur faster than l expected - not much of a dip


@ horizontal now - this is supply
  • #6,493
  • Jan 21, 2011 2:33am Jan 21, 2011 2:33am
Quoting Sdvsa
That just reminded me of Cinderella Man :-)
watched it the other day.

Good morning to all.


good morning trader
  • #6,494
  • Jan 21, 2011 2:47am Jan 21, 2011 2:47am
Morning..


Had some trades in the morning.. One with negative outcome the second with positive... Here are my entries.

Any comments??

Thanks

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  • #6,495
  • Jan 21, 2011 2:51am Jan 21, 2011 2:51am
Hi guys. Hope all is well
  • #6,496
  • Jan 21, 2011 2:54am Jan 21, 2011 2:54am
Quoting T@rantula
Hi guys. Hope all is well


T@ - really good to see you
  • #6,497
  • Jan 21, 2011 2:55am Jan 21, 2011 2:55am
Hi T.

Here is much clearer thread than eur/usd... I ll just stop there for fun not trading...


Think to sharp my skills here with some redswords help...
  • #6,498
  • Jan 21, 2011 3:02am Jan 21, 2011 3:02am
As I was yesterday betting on residual power in EU to make new swing high and locked myself in a claustrophobic M5 bar chart, here is how it went along on other pairs, best of them being EURAUD:
http://img577.imageshack.us/img577/1...10121aum15.png
EU for comparison:
http://img709.imageshack.us/img709/1...10121eum15.png

It was exhausting lesson to me, teaching me never ever to lock myself in one pair, one TF anymore -- Red's words "any pair, any TF" echoing in my head now.

Back to present, as EU is finally making its swing, and provided we close the week on these new highs, there will be plenty opportunities to exploit those mechanics on our way to 1.6. But first things first: next week yet another opportunity to buy cheap at 1.33-1.325 area is in my order-book :-)
  • #6,499
  • Jan 21, 2011 3:17am Jan 21, 2011 3:17am
Quoting redsword11
T@ - really good to see you
Thanks mate. Im really happy to see you too. A good trader and a good friend.

Quoting Vladimir1987
Hi T.

Here is much clearer thread than eur/usd... I ll just stop there for fun not trading...


Think to sharp my skills here with some redswords help...
Yes Vladimir. You can learn a lot from Red.
  • #6,500
  • Jan 21, 2011 3:18am Jan 21, 2011 3:18am
I dont payto much attention to this patterns but its there.

A bear flag, i will concentrate on the break of the horizontal line and a forming base for new long chances..

Will have to wait for the momentum of the down move and the base of course..


Its a 5 min chart

EDIT: In my view this is weakening strength..
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