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Price is everything

  • #7,721
  • Feb 3, 2011 9:19am Feb 3, 2011 9:19am
Quoting Orbital
EU aiming for 36829 (magnetic zone over the past weeks)? Or are you aiming higher again?

Also interessted in why cable long because daily suggests short =/

EDIT:

Scalped 46 pips today already... i think im done for the day.. have dinner reservations either way and cant scalp on a phone

added cable @ 1.61372


will send charts when l can
  • #7,722
  • Feb 3, 2011 9:20am Feb 3, 2011 9:20am
theres a confirmation for the usdchf supply zone posted previously:

so lets see if it holds
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  • #7,723
  • Edited 10:24am Feb 3, 2011 9:43am | Edited 10:24am
bought kiwi, stops below the demand zone on chart

EDIT:and out +8 pips

EDIT2: Should have let this run up more.
  • #7,724
  • Feb 3, 2011 10:18am Feb 3, 2011 10:18am
sold dkk


confluences suggest a retrace beginning right now
  • #7,725
  • Edited 10:31am Feb 3, 2011 10:20am | Edited 10:31am
long UJ 81.59.
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  • #7,726
  • Feb 3, 2011 10:31am Feb 3, 2011 10:31am
Quoting redsword11
sold dkk


confluences suggest a retrace beginning right now
Any comments on that EU trade of yours?
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  • #7,727
  • Feb 3, 2011 10:33am Feb 3, 2011 10:33am
Quoting redsword11
sold dkk


confluences suggest a retrace beginning right now

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tech, 2 view of dkk
  • #7,728
  • Feb 3, 2011 10:33am Feb 3, 2011 10:33am
Quoting Orbital
Any comments on that EU trade of yours?

will begin retrace
  • #7,729
  • Feb 3, 2011 10:39am Feb 3, 2011 10:39am
Quoting redsword11
will begin retrace
Hi Red, any target levels on EU?
  • #7,730
  • Feb 3, 2011 10:39am Feb 3, 2011 10:39am
Quoting redsword11
added cable @ 1.61372


will send charts when l can

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poor entries higher
  • #7,731
  • Feb 3, 2011 10:43am Feb 3, 2011 10:43am
Quoting willkohsg
Hi Red, any target levels on EU?

1.37450


will just have to monitor PA as it develops
  • #7,732
  • Feb 3, 2011 10:43am Feb 3, 2011 10:43am
Quoting redsword11
will begin retrace
Interessting, i just scalped some more swissy, kicking myself in the nuts for exiting the kiwi long early, watching EUR/AUD had a 7 pip shot previously along the bollinger bands to a demand zone.

Im ignoring EU for now until the next 2 4HR and 1hr candles. Need to be at the dinner at 20:00 which is in 2 hours and 20 minutes so ill scalp some more swissy for now.

GBP/USD longs are looking interessting but 62xx doesnt seem like a zone where it wants to hold.
What i find interessting is that todays announcements from trichet moved the market this much. Even though im a very skeptical person concerning fundamentals and prefer sticking to Price action, the amount of volatility in that move had nothing to do with the move down. I posted yesterday a pic of a daily fork and that last candle signalled that the bull move was exhausted and a LOT of shorts were sitting at that level.

I think thats what you would call a compression on a daily chart/4hr chart level. Either way it was interessting to watch the reaction today.

Will be back probably when NY closes and will be up during asias session for a while.
  • #7,733
  • Feb 3, 2011 10:53am Feb 3, 2011 10:53am
Interessting setup.... normally i would go long on these but time for a shower, scalped swissy some more from 3452 to 3444
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  • #7,734
  • Feb 3, 2011 11:00am Feb 3, 2011 11:00am
Quoting Orbital
Interessting setup.... normally i would go long on these but time for a shower, scalped swissy some more from 3452 to 3444

Nice chart - looks like your really getting the hang on these entries.
Have a nice evening.
  • #7,735
  • Feb 3, 2011 11:03am Feb 3, 2011 11:03am
Quoting Decimal
Nice chart - looks like your really getting the hang on these entries.
Have a nice evening.
There was a guy who taught me how to read priceaction and how to mark important levels and how to scalp around them. He also taught me the concept of supply and demand.

And then there is red who i have probably learned the most from.. he has an amazing ability to read supply/demand levels. Because its not easy to recognize the important ones
Red is a fucking genius
  • #7,736
  • Feb 3, 2011 11:25am Feb 3, 2011 11:25am
Quoting Dropped Onion
hoping to see a turnaround in EU. maybe today we can get a nice big drop. hope always works
got that drop. now for some more please. has EU been capped and turning down?
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  • #7,737
  • Feb 3, 2011 11:26am Feb 3, 2011 11:26am
Quoting redsword11
Attachment



poor entries higher

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partial close



come on cable - make it north
  • #7,738
  • Feb 3, 2011 11:28am Feb 3, 2011 11:28am
Quoting Orbital
There was a guy who taught me how to read priceaction and how to mark important levels and how to scalp around them. He also taught me the concept of supply and demand.

And then there is red who i have probably learned the most from.. he has an amazing ability to read supply/demand levels. Because its not easy to recognize the important ones
Red is a fucking genius

...... making me blush
  • #7,739
  • Feb 3, 2011 11:39am Feb 3, 2011 11:39am
bought uj @ 81.504 stop @ 81.377


if and when it reaches 81.64 area, will either turn or retrace higher
  • #7,740
  • Feb 3, 2011 11:47am Feb 3, 2011 11:47am
Is anyone still short on GU?
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