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Price is everything

  • #8,801
  • Feb 11, 2011 5:04am Feb 11, 2011 5:04am
FYI EG indicator:
http://pictureup.cz/picture/verejny/...g_m15_88.6.pnghttp://pictureup.cz/picture/verejny/...ync_gu_m15.png http://pictureup.cz/picture/verejny/...ync_gy_m15.png
  • #8,802
  • Feb 11, 2011 5:24am Feb 11, 2011 5:24am
Quoting Sdvsa
Fcukwit again: buy limit @ 1.351.
Sorry to ask but what bottom are you trying to catch: Daily, H4 of sub h1?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #8,803
  • Feb 11, 2011 5:26am Feb 11, 2011 5:26am
Quoting sisse
Sorry to ask but what bottom are you trying to catch: Daily, H4 of sub h1?

sisse
Dude.. its the daily, h1 and h4 bottom for all intents and purposes. Its why i entered that trade in the first place, excellent risk reward ratio, risking 20 pips to make 150? Seems fair
  • #8,804
  • Feb 11, 2011 5:30am Feb 11, 2011 5:30am
Quoting sisse
Sorry to ask but what bottom are you trying to catch: Daily, H4 of sub h1?

sisse
There are more confluences,
zoom out your H4 chart and draw horizontal lines around that area, you should get a glimpse.
  • #8,805
  • Feb 11, 2011 5:31am Feb 11, 2011 5:31am
Quoting Orbital
Dude.. its the daily, h1 and h4 bottom for all intents and purposes. Its why i entered that trade in the first place, excellent risk reward ratio, risking 20 pips to make 150? Seems fair
Well it depends which one for your targets mate (thats why I ask). In any case, I personally think the r:r is worthless in almost all timeframes and thats playing with fire if you are not in scalping mode for a few ticks (thats not me as you know) but I know you know what you are doing so

Whatever the case good luck like always

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #8,806
  • Feb 11, 2011 5:37am Feb 11, 2011 5:37am
Quoting Sdvsa
There are more confluences,
zoom out your H4 chart and draw horizontal lines around that area, you should get a glimpse.
Just for starters:
http://pictureup.cz/picture/verejny/..._h4_levels.png
  • #8,807
  • Feb 11, 2011 5:37am Feb 11, 2011 5:37am
you are referring to the cluster of candles and pins/wicks. The only thing that matters to me is that the last time we were in this zone we had a heavy fall out in terms of institutional orders raping the price downwards.

And yes i use the term rape because that is what happend. In this zone price reverted because of an excessive amount of buyers opposing the sellers and also because price equilibrium shifted.

So thats what i was referrring to.

Look either way the trade is up 15 pips in the green already. But im not exiting the trade before todays end of session for the simple reason that this zone is holding, has held, and probably will continue holding. I posted a daily chart with explanation a while ago, look back into this thread in an hour or two ill show you some charts to explain since im kind of busy right now finding out what the hell is going on with GBPCHF and looking at GBPNZD right now
  • #8,808
  • Feb 11, 2011 5:42am Feb 11, 2011 5:42am
some S/D levels for today: http://forexoholic.blogspot.com/2011/02/11022011.html

enjoy
  • #8,809
  • Feb 11, 2011 5:47am Feb 11, 2011 5:47am
Quoting Sdvsa
Just for starters:
Just for starters too I would glance at the daily to have a little bit more rounded picture (if you are using h4 of course) ... just my 2 cents.... good luck in your trade.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #8,810
  • Feb 11, 2011 5:50am Feb 11, 2011 5:50am
Quoting sisse
Just for starters too I would glance at the daily to have a little bit more rounded picture (if you are using h4 of course) ... just my 2 cents.... good luck in your trade.

sisse
  • #8,811
  • Feb 11, 2011 6:06am Feb 11, 2011 6:06am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: gy.jpg Size: 82 KB





out @ tg
  • #8,812
  • Feb 11, 2011 6:07am Feb 11, 2011 6:07am
Quoting redsword11
Attachment


stopped
  • #8,813
  • Feb 11, 2011 6:17am Feb 11, 2011 6:17am
Hi red...nice thread you have here...been reading silently here and decided to register to show my appreciation to you for sharing so much knowledge. Thanks alot.
  • #8,814
  • Feb 11, 2011 6:55am Feb 11, 2011 6:55am
Eve Red

Bear flag in play .Waiting to enter short at the supply level or on break of flag.
Attached Image (click to enlarge)
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  • #8,815
  • Feb 11, 2011 6:58am Feb 11, 2011 6:58am
M5
Attached Image (click to enlarge)
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  • #8,816
  • Feb 11, 2011 6:59am Feb 11, 2011 6:59am
Quoting ignored
Hi red...nice thread you have here...been reading silently here and decided to register to show my appreciation to you for sharing so much knowledge. Thanks alot.


Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 77 KB




will monitor PA for exit




kind regards
  • #8,817
  • Feb 11, 2011 7:09am Feb 11, 2011 7:09am
Quoting redsword11
Attachment

will monitor PA for exit

kind regards
US Trade Balance can give you a hand in a few minutes but as I mentioned before IMO there are too many easy stops at 1.350x for not running them (sitting like shooting targets) before any decent move up.... but yes if this is going to break further down today (as I think it will) it must move up with news first and down ....

In any case consistent entry like all your calls...good luck

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #8,818
  • Feb 11, 2011 7:11am Feb 11, 2011 7:11am
Quoting honeybhi
Eve Red

Bear flag in play .Waiting to enter short at the supply level or on break of flag.
Hi honeybhi
gu gy bear flag forming

eurgbp bull flag in play.

any views on eurusd?
i'm looking for move down to demand zone before moving up north..
strong support ard 1.35000ish levels..
  • #8,819
  • Feb 11, 2011 7:15am Feb 11, 2011 7:15am
I am very much inclined to take this short trade.. will post later on my decision and entry
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.PNG Size: 67 KB
  • #8,820
  • Feb 11, 2011 7:16am Feb 11, 2011 7:16am
I have been trading inconsistently for the last 3 years and just could not figure out what I was missing... until I found your thread a few weeks ago. The light finally came on and you are responsible. Thanks for your patience and education.
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jyoung