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Price is everything

  • #8,741
  • Feb 10, 2011 11:05am Feb 10, 2011 11:05am
Quoting redsword11
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
yeah i understand.. maybe my wording is wrong..sorry about that..

rather i think i should ask.. wat's the next tg level or supply zone above 1.6120 area i should target next?
  • #8,742
  • Feb 10, 2011 11:11am Feb 10, 2011 11:11am
Quoting lukaz_86
eurgbp, cluster + source of rally on the left + 61.8% fibonacci:

Attachment
there it goes:

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 106 KB
  • #8,743
  • Feb 10, 2011 11:12am Feb 10, 2011 11:12am
Quoting Sdvsa
Having that one on the spot too, mate:
http://pictureup.cz/picture/verejny/...0_ga_h4_tl.png
And to learn there with you,
I checked the source and we unfortunately cannot classify this price structure as an emerging Gartley because we did not have precise 61.8 retracement of the XA leg.
78.6 rectracement of XA we are having is eventually calling for Butterfly completion @ 127 XA converging with 224 BC projection and equal AB=CD projection:
http://pictureup.cz/picture/verejny/...ventualbat.png
To my understanding, any of harmonic price structures shouldn't be valid unless its underlying AB=CD pattern is completed and eventually extended.
  • #8,744
  • Feb 10, 2011 11:13am Feb 10, 2011 11:13am
Quoting willkohsg
yeah i understand.. maybe my wording is wrong..sorry about that..

rather i think i should ask.. wat's the next tg level or supply zone above 1.6120 area i should target next?

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 134 KB




it will not go north just now, after a blow like that into supply and geometry, it will create atleast a bullflag of some nature


this is where you scalp in both directions, buying lower as PA tells you and selling @ high as PA tells you


no long term trades just now, minor scalps in both directions
  • #8,745
  • Feb 10, 2011 11:14am Feb 10, 2011 11:14am
Quoting lukaz_86
there it goes:

Attachment


reacting to cable @ high


yep, should go
  • #8,746
  • Feb 10, 2011 11:17am Feb 10, 2011 11:17am
anyone watching this one? (4 hrs)?
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 29 KB
  • #8,747
  • Feb 10, 2011 11:25am Feb 10, 2011 11:25am
Quoting Sdvsa
And to learn there with you,
I checked the source and we unfortunately cannot classify this price structure as an emerging Gartley because we did not have precise 61.8 retracement of the XA leg.
78.6 rectracement of XA we are having is eventually calling for Butterfly completion @ 127 XA converging with 224 BC projection and equal AB=CD projection:
http://pictureup.cz/picture/verejny/...ventualbat.png
To my understanding, any of harmonic price structures shouldn't be valid unless its underlying AB=CD pattern...
Harmonics arent always precise, ive seen gartleys work out perfectly where the 61.8% exact retracement didnt occur, differing by a few percent, ive seen disfigured and disformed gartley patterns still working out great.

Im relying more on that supply zone to actually hold even though it really is a more intermediary zone.

Still thinking about entering short and hedging with a second currencypair.
  • #8,748
  • Feb 10, 2011 11:27am Feb 10, 2011 11:27am
Quoting Orbital
Harmonics arent always precise, ive seen gartleys work out perfectly where the 61.8% exact retracement didnt occur, differing by a few percent, ive seen disfigured and disformed gartley patterns still working out great.

Im relying more on that supply zone to actually hold even though it really is a more intermediary zone.

Still thinking about entering short and hedging with a second currencypair.
Hedge with GU

edit: sorry, couldn't help that.
I actually like your pip calculation projection, this is good insight into workings of your mind and of the effort you put in.

Appreciated!
  • #8,749
  • Feb 10, 2011 12:03pm Feb 10, 2011 12:03pm
sold gy
  • #8,750
  • Feb 10, 2011 12:07pm Feb 10, 2011 12:07pm
Quoting redsword11
sold gy

Attached Image (click to enlarge)
Click to Enlarge Name: gy.jpg Size: 70 KB




conditions favour this south
  • #8,751
  • Feb 10, 2011 12:10pm Feb 10, 2011 12:10pm
Quoting redsword11
Attachment



conditions favour this south

Attached Image (click to enlarge)
Click to Enlarge Name: gyc.jpg Size: 52 KB
  • #8,752
  • Feb 10, 2011 12:22pm Feb 10, 2011 12:22pm
Quoting redsword11
Attachment



conditions favour this south
I like the look of it too:
http://pictureup.cz/picture/verejny/..._tl-sdzone.png
Placed sell stop @ 133.977 (my broker has quite different quotes from the one the chart, probably has to do with spread median; on the chart, it correspond with 134.01; that is also why limit @ 132.92 a few days ago wasn't filled -- it was quite a painful discovery)
  • #8,753
  • Feb 10, 2011 12:23pm Feb 10, 2011 12:23pm
Quoting redsword11
Attachment
closed my gu long, looking at gu short..
having same PA as gy on m5.. compression pattern n at highs...
  • #8,754
  • Feb 10, 2011 12:40pm Feb 10, 2011 12:40pm
We might get it in sync we the retest of the break-out on the GU:

H4
http://pictureup.cz/picture/verejny/..._h4_retest.png

M5
http://pictureup.cz/picture/verejny/..._m5_retest.png

edit: ouch, and the limit filled, quite soon to my likings; should have adjusted instead of typing
  • #8,755
  • Feb 10, 2011 12:46pm Feb 10, 2011 12:46pm
(Some) Charts are starting to look a little complex, IMHO.
  • #8,756
  • Feb 10, 2011 12:50pm Feb 10, 2011 12:50pm
Quoting tjfxtrader
(Some) Charts are starting to look a little complex, IMHO.
It started quite simple, would you look a few steps back:
Quoting Sdvsa
"Charts, not chats:"
http://pictureup.cz/picture/verejny/..._gu_h4_fan.png
"Swords, not words."
  • #8,757
  • Feb 10, 2011 12:56pm Feb 10, 2011 12:56pm
Quoting tjfxtrader
(Some) Charts are starting to look a little complex, IMHO.
are you kidding me? whats complex about the charts?
  • #8,758
  • Feb 10, 2011 1:04pm Feb 10, 2011 1:04pm
Quoting Orbital
are you kidding me? whats complex about the charts?
Thanks, Alex.
  • #8,759
  • Feb 10, 2011 1:05pm Feb 10, 2011 1:05pm
Probably this is little confuse?
Attached Image (click to enlarge)
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  • #8,760
  • Feb 10, 2011 1:08pm Feb 10, 2011 1:08pm
Quoting willi9723
Probably this is little confuse?

waiting for this one too
Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 20 KB
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