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Price is everything

  • #7,801
  • Feb 4, 2011 7:04am Feb 4, 2011 7:04am
Quoting redsword11
Attachment


might spike down first then break north

Hi Red,
Im still holding eu long from yesterday, is it worth hold or better to bail now and move on. ?
  • #7,802
  • Feb 4, 2011 7:06am Feb 4, 2011 7:06am
Quoting Decimal
Hi Red,
Im still holding eu long from yesterday, is it worth hold or better to bail now and move on. ?

bail it


l was forced to scalp heavy to make up losses on it and had to bail cable too
  • #7,803
  • Feb 4, 2011 7:06am Feb 4, 2011 7:06am
Quoting redsword11
some of you may have had a crazy spike on loony yesterday - spiked north


this is often a leading indicator for a trend change, usually happens on exotics like eurnzd, gbpcad and seen it on kiwi too


loony dropped to 4hr horizontal, this could be a buy

Red, can you show as a chart, please?
  • #7,804
  • Feb 4, 2011 7:10am Feb 4, 2011 7:10am
Quoting xman
Red, can you show as a chart, please?

Attached Image (click to enlarge)
Click to Enlarge Name: sp.jpg Size: 64 KB




when this happned - nothing else moved - no other pairs did anything similar, brokers usually say misquote or bad tick data - nope, this is an indicator
  • #7,805
  • Feb 4, 2011 7:11am Feb 4, 2011 7:11am
Quoting redsword11
bail it


l was forced to scalp heavy to make up losses on it and had to bail cable too

EU chopped. Yeah I was heavy in cable too and got took out.
Back to where I was two weeks ago now, but I can get it back next week with a couple of nice ones.
  • #7,806
  • Feb 4, 2011 7:18am Feb 4, 2011 7:18am
Quoting Decimal
EU chopped. Yeah I was heavy in cable too and got took out.
Back to where I was two weeks ago now, but I can get it back next week with a couple of nice ones.


EU has still not breached that demand zone, NFP can give you a north bound spike for 70 - 100 pips easily but thats not trading


let this train crash happen, new poles and flags will develop and we will get it back


l feel it too D
  • #7,807
  • Feb 4, 2011 7:41am Feb 4, 2011 7:41am
Quoting redsword11
Attachment


might spike down first then break north

Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 110 KB
  • #7,808
  • Feb 4, 2011 7:45am Feb 4, 2011 7:45am
At sup/res level.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 75 KB
  • #7,809
  • Feb 4, 2011 8:04am Feb 4, 2011 8:04am
bought cable @ 1.60800


30 pip stop
  • #7,810
  • Feb 4, 2011 8:07am Feb 4, 2011 8:07am
bought eu @ 1.35918


around 30 pip stop
  • #7,811
  • Feb 4, 2011 8:13am Feb 4, 2011 8:13am
I had a long pending at 35825, got triggered. 23 pips in profit now but my takeprofit is set to 80 pips on this trade.

There is a decently big demand zone on 4hr chart so 3652 is not out of the question.
  • #7,812
  • Feb 4, 2011 8:20am Feb 4, 2011 8:20am
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 70 KB




aud hit this supply zone, also daily max fib @ 88.6
  • #7,813
  • Feb 4, 2011 8:25am Feb 4, 2011 8:25am
Bought eurcad 1.3389


check 4hr and daily
  • #7,814
  • Feb 4, 2011 8:27am Feb 4, 2011 8:27am
Bought loony stops @ 0.98225
  • #7,815
  • Feb 4, 2011 8:35am Feb 4, 2011 8:35am
Quoting redsword11
Bought loony stops @ 0.98225
im with you, monthly support is always good for some longs : P

Phanti.
Hero calls followed by margin calls...
  • #7,816
  • Feb 4, 2011 8:36am Feb 4, 2011 8:36am
Quoting Orbital
I had a long pending at 35825, got triggered. 23 pips in profit now but my takeprofit is set to 80 pips on this trade.

There is a decently big demand zone on 4hr chart so 3652 is not out of the question.

TG 1.3620
  • #7,817
  • Feb 4, 2011 8:36am Feb 4, 2011 8:36am
jesus... EU priceaction is annoying me.. i hope this doesnt build another pole down.. otherwise id be severely frustrated..
  • #7,818
  • Feb 4, 2011 8:37am Feb 4, 2011 8:37am
Quoting Orbital
jesus... EU priceaction is annoying me.. i hope this doesnt build another pole down.. otherwise id be severely frustrated..
im sidelined until daily close. below 3570 will trigger bears for monday/tuesday.
Hero calls followed by margin calls...
  • #7,819
  • Edited 8:56am Feb 4, 2011 8:43am | Edited 8:56am
hello,

audusd caught my attention, nice supply (not nice swap on shorts though):

Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 24 KB
  • #7,820
  • Feb 4, 2011 8:51am Feb 4, 2011 8:51am
M5.I still see it down to 1.6040

Red GU chart plz.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 71 KB
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