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Price is everything

  • #8,941
  • Feb 14, 2011 4:18am Feb 14, 2011 4:18am
Quoting surewin888
Red,
do you go to sleep? I just woke up to update for my positions...

not much
  • #8,942
  • Feb 14, 2011 4:29am Feb 14, 2011 4:29am
Quoting redsword11
not much
Health is very important..
  • #8,943
  • Feb 14, 2011 4:37am Feb 14, 2011 4:37am
Quoting redsword11
Attachment



very subjective - bear candle closes into wicks - thats demand consumption, thats the only reason the bear closed there after that small zone had been spiked


now, its closed with a bull hammer ........... always a fcuking asshole this cable
Im not even touching the cable anymore after i exited my morning positions, it dropped right at that 1hr supply zone and now its moving a lot furhter, infact it broke a demand zone i had on 1hr charts,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 60 KB


Also Swissy is dominating price movements today.
  • #8,944
  • Feb 14, 2011 4:43am Feb 14, 2011 4:43am
Quoting Orbital
Im not even touching the cable anymore after i exited my morning positions, it dropped right at that 1hr supply zone and now its moving a lot furhter, infact it broke a demand zone i had on 1hr charts, Attachment

Also Swissy is dominating price movements today.
consumption and through

holding it, manual


will get out nearer entry
  • #8,945
  • Feb 14, 2011 4:50am Feb 14, 2011 4:50am
Quoting redsword11
consumption and through

holding it, manual


will get out nearer entry
If gbpusd can take out 1.5950, I would expect it will go to 1.5700 area where is 38.2% retracement.
It has descending triangle before. Also waiting on confirmation at gbp index to break its trendline.

If above conditions play out, the gbpchf will likely going to 1.53 area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-o.jpg Size: 140 KB
Click to Enlarge Name: gbp.gif Size: 29 KB
  • #8,946
  • Feb 14, 2011 4:52am Feb 14, 2011 4:52am
Quoting surewin888
If gbpusd can take out 1.5950, I would expect it will go to 1.5700 area where is 38.2% retracement.
It has descending triangle before.


its not going to 1.5700 yet
  • #8,947
  • Feb 14, 2011 4:54am Feb 14, 2011 4:54am
http://content.screencast.com/users/...1-11.52.06.png

now at 127. extension, could dip to 161.8 as well, will monitor PA, target yellow line
  • #8,948
  • Feb 14, 2011 4:57am Feb 14, 2011 4:57am
Quoting redsword11
consumption and through

holding it, manual


will get out nearer entry
oh wow.. youre still in that longtrade? Wish i had your balls. These things happened to me the past two weeks which is why i exited gbpusd with 60+ pips today after the gap trade.

Let the euro slide though, lost some on that trade
  • #8,949
  • Feb 14, 2011 4:59am Feb 14, 2011 4:59am
Quoting Orbital
oh wow.. youre still in that longtrade? Wish i had your balls. These things happened to me the past two weeks which is why i exited gbpusd with 60+ pips today after the gap trade.

Let the euro slide though, lost some on that trade

its got nothing to do with balls or wishful trading


watch it right now .............
  • #8,950
  • Feb 14, 2011 5:02am Feb 14, 2011 5:02am
Quoting redsword11
its not going to 1.5700 yet
If gbpusd refuse to take out 1.5950...It will likely going to 1.62 area...

This pair is very confusing to me...I just trade based on the chart...


Good luck to u
  • #8,951
  • Feb 14, 2011 5:03am Feb 14, 2011 5:03am
bought kiwi @ 0.75658 30 pip stop
  • #8,952
  • Feb 14, 2011 5:05am Feb 14, 2011 5:05am
61.8% + Support + 200ma + Kiju-sen in 4hr
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-o.jpg Size: 136 KB
  • #8,953
  • Feb 14, 2011 5:09am Feb 14, 2011 5:09am
Quoting redsword11
its got nothing to do with balls or wishful trading


watch it right now .............
Well im staying out of the gbpusd pair for the week, im not trading it anymore except for gaps and obvious S/D zones.

I just dont see them right now, the lightblue zone is a tough one to break past. And there is a buttload of supply sitting at the top.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 49 KB
So youre just waiting to exit your trade more favourable but not expecting it to go up further?

Im long AUDUSD btw

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 39 KB
  • #8,954
  • Feb 14, 2011 5:14am Feb 14, 2011 5:14am
Quoting Orbital
Well im staying out of the gbpusd pair for the week, im not trading it anymore except for gaps and obvious S/D zones.

I just dont see them right now, the lightblue zone is a tough one to break past. And there is a buttload of supply sitting at the top.Attachment So youre just waiting to exit your trade more favourable but not expecting it to go up further?

Im long AUDUSD btw

Attachment

I really enjoy your guys scalping skill...
  • #8,955
  • Edited 5:44am Feb 14, 2011 5:21am | Edited 5:44am
38.2% + Support + Oversold + Positive Divergence in 4hr

With $ getting stronger, I will move entry point to
23.6% + Support + Oversold + Positive Divergence in 4hr
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-o.jpg Size: 133 KB
  • #8,956
  • Feb 14, 2011 6:04am Feb 14, 2011 6:04am
Like to see the price action on 1.3370 area where it is 50%, 138.2% ext.

I feel better to long it at 1.3270 area where it is 200% ext, 38.2% retracement.

any opinions are welcome...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-p.jpg Size: 133 KB
  • #8,957
  • Feb 14, 2011 6:56am Feb 14, 2011 6:56am
entered a little scalp, not sure how this will play out right now.
Attached Image (click to enlarge)
Click to Enlarge Name: scalp.PNG Size: 39 KB
  • #8,958
  • Feb 14, 2011 7:00am Feb 14, 2011 7:00am
H&S ? watching PA for long cable near 5970
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 11 KB
TRUST THE PROCESS !
  • #8,959
  • Feb 14, 2011 7:08am Feb 14, 2011 7:08am
Quoting surewin888
Like to see the price action on 1.3370 area where it is 50%, 138.2% ext.

I feel better to long it at 1.3270 area where it is 200% ext, 38.2% retracement.

any opinions are welcome...
It seem you are using 4h chart to do your analysis and that's correct there were a good support area at 1.3272 but as usual the market trend is tend to reverse at d1 chart so make sure the d1 trend first then squeeze it to smaller tf......for me eurusd will break those level and it will continue down use adx as your long term indicator and 1 more things eurusd weekly chart candlestik formation has a 3 star doji and it was triggered.......this is the main reason why i said the major trend is already in play......good luck
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  • #8,960
  • Feb 14, 2011 7:20am Feb 14, 2011 7:20am
Does dollar index has MORE strength heading into 79.24 @161.8 ext?

Euro index broke down its triangle now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 122 KB
Click to Enlarge Name: euro.jpg Size: 107 KB
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