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Price is everything

  • #8,721
  • Feb 10, 2011 8:03am Feb 10, 2011 8:03am
Great example of CADJPY - Loony inverse correlation Red is describing to us:
http://pictureup.cz/picture/verejny/[email protected]
Notice how DX rising is sinking Yen, but as CAD sinks the Yen too, USDCAD goes to hell.
  • #8,722
  • Feb 10, 2011 8:18am Feb 10, 2011 8:18am
EU
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  • #8,723
  • Edited 12:43pm Feb 10, 2011 8:26am | Edited 12:43pm
Quoting priceaction
I agree PP.

But it was worth risking 11 pips in my book.
We just never really know what'll happen next.
So long as I get more winners than losers, that's all I care about. Not trying to be right all the time. That's a mugs game.

I came out with a 13 pip windfall.
Better than slap in the face. You are right, trying to be right is a mugs game. Stacking the odds in your favour is not.

Some time later: And there she goes straight up to the next supply level. Looks like we were both wrong and right. Trust GU to kick everyone out of the zone, taking stops, before deciding its going north. Still, kept to my rules and and entered a much better level on the euro instead.
  • #8,724
  • Feb 10, 2011 9:41am Feb 10, 2011 9:41am
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partial close
  • #8,725
  • Feb 10, 2011 9:43am Feb 10, 2011 9:43am
Daily at supply zone.

Red ,is this called compression on 15 min tf ??
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  • #8,726
  • Feb 10, 2011 9:46am Feb 10, 2011 9:46am
Quoting anthoniex
EU

what would be your TG if long?
  • #8,727
  • Feb 10, 2011 9:50am Feb 10, 2011 9:50am
Quoting honeybhi
Daily at supply zone.

Red ,is this called compression on 15 min tf ??

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it is - but cable has the makings of a move north
  • #8,728
  • Feb 10, 2011 9:51am Feb 10, 2011 9:51am
Quoting redsword11
Attachment



it is - but cable has the makings of a move north

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  • #8,729
  • Feb 10, 2011 9:55am Feb 10, 2011 9:55am
Quoting redsword11
Attachment

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out with most
  • #8,730
  • Feb 10, 2011 9:57am Feb 10, 2011 9:57am
Quoting redsword11
Attachment




partial close

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closed
  • #8,731
  • Feb 10, 2011 9:58am Feb 10, 2011 9:58am
And im back.

Well that was a dissapointing day.

My gbpchf limit order at 54255 didnt get filled... missed out on a 100 pips... so i missed a golden opportunity in order to go in to a lunch meeting about a job which turned out to be a fucking disaster.

So apparently you need an MBA and a masters degree in order to get a low paying job to get schooled by idiots who know less about trading than you do.

I have trader friends who work floors... and they are fucking idiots... they work at banks and ask me for trading advice... are you fucking kidding me?

This job market is fucking ridiculous... im pissed off... really pissed of. Expect a lot more activity from me in the future because i am preparing a motherfucking sleep schedule for next week. 4 hours of sleep per day, 20 hours of scalping and trading...

I just got... really fucking pissed off... god fucking damnit..

be back in an hour or so
  • #8,732
  • Feb 10, 2011 10:14am Feb 10, 2011 10:14am
Quoting redsword11
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out with most

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out
  • #8,733
  • Feb 10, 2011 10:16am Feb 10, 2011 10:16am
Quoting Orbital
And im back.

Well that was a dissapointing day.

My gbpchf limit order at 54255 didnt get filled... missed out on a 100 pips... so i missed a golden opportunity in order to go in to a lunch meeting about a job which turned out to be a fucking disaster.

So apparently you need an MBA and a masters degree in order to get a low paying job to get schooled by idiots who know less about trading than you do.

I have trader friends who work floors... and they are fucking idiots... they work at banks and ask me for trading advice... are you fucking...
yeah! same everywhere, but here is where the money can be made my friend.
I'm working day and nighs even weekends studying price, because I want to see my girlfriend out of a mfuker job that's killing her and the pay is a fuking joke
  • #8,734
  • Feb 10, 2011 10:24am Feb 10, 2011 10:24am
I know how you feel,
mindless imitation of the failed past -- that's what prevailing institutional model bids us to do.
And much of added value society produces nevertheless that could be used to transform the system is sucked by omnipresent corruption.

It is multi-generational challenge to clear the barriers defending status quo -- it will be the legacy of the age we are living in.


Quoting Orbital
And im back.

Well that was a dissapointing day.

My gbpchf limit order at 54255 didnt get filled... missed out on a 100 pips... so i missed a golden opportunity in order to go in to a lunch meeting about a job which turned out to be a fucking disaster.

So apparently you need an MBA and a masters degree in order to get a low paying job to get schooled by idiots who know less about trading than you do.

I have trader friends who work floors... and they are fucking idiots... they work at banks and ask me for trading advice... are you fucking...
  • #8,735
  • Feb 10, 2011 10:26am Feb 10, 2011 10:26am
Quoting willi9723
yeah! same everywhere, but here is where the money can be made my friend.
I'm working day and nighs even weekends studying price, because I want to see my girlfriend out of a mfuker job that's killing her and the pay is a fuking joke
And believe me red's comments and the rest here have change the way I trade
  • #8,736
  • Feb 10, 2011 10:26am Feb 10, 2011 10:26am
gartley on usdchf daily.. im going for it soon

Edit:

I forgot:

the ratios are:
AB = 63.9% retracement of XA
BC= 55.29% of AB
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  • #8,737
  • Feb 10, 2011 10:28am Feb 10, 2011 10:28am
eurgbp, cluster + source of rally on the left + 61.8% fibonacci:

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  • #8,738
  • Feb 10, 2011 10:51am Feb 10, 2011 10:51am
Quoting redsword11
Attachment



closed
Hi Red,
Cable just moved to 1.6128,
i've longs at 1.6100 stops to BE,
should i hold or close and reenter on retracement?
  • #8,739
  • Feb 10, 2011 11:01am Feb 10, 2011 11:01am
Quoting Orbital
gartley on usdchf daily.. im going for it soon

Edit:

I forgot:

the ratios are:
AB = 63.9% retracement of XA
BC= 55.29% of AB
Having that one on the spot too, mate:
http://pictureup.cz/picture/verejny/...0_ga_h4_tl.png
  • #8,740
  • Feb 10, 2011 11:02am Feb 10, 2011 11:02am
Quoting willkohsg
Hi Red,
Cable just moved to 1.6128,
i've longs at 1.6100 stops to BE,
should i hold or close and reenter on retracement?


hey, l can't really advise you like this


its not for me to govern your trades, don't want to give you advice like that


sorry
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