Price is everything | Page 449 | Forex Factory

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Price is everything

  • #8,961
  • Feb 14, 2011 7:27am Feb 14, 2011 7:27am
Quoting Orbital
entered a little scalp, not sure how this will play out right now.
Closed early +5 pips
  • #8,962
  • Feb 14, 2011 7:33am Feb 14, 2011 7:33am
Possible short @1.3290-1.3310 area

61.8% + Resistance + TrendLine
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-p.jpg Size: 119 KB
  • #8,963
  • Feb 14, 2011 8:24am Feb 14, 2011 8:24am
eu sold
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
  • #8,964
  • Feb 14, 2011 8:27am Feb 14, 2011 8:27am
I'm done with US session...It seems many pairs are either in support or resistance area.

I rather stay out of it...
  • #8,965
  • Feb 14, 2011 8:50am Feb 14, 2011 8:50am
Quoting anthoniex
eu sold
stopped
  • #8,966
  • Feb 14, 2011 8:50am Feb 14, 2011 8:50am
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

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 46 KB





out @ entry
  • #8,967
  • Feb 14, 2011 8:52am Feb 14, 2011 8:52am
interessting
  • #8,968
  • Feb 14, 2011 8:54am Feb 14, 2011 8:54am
Quoting Orbital
interessting
lol at cable.
Hero calls followed by margin calls...
  • #8,969
  • Feb 14, 2011 8:57am Feb 14, 2011 8:57am
Quoting redsword11
Attachment




out @ entry
Very Nice
  • #8,970
  • Feb 14, 2011 9:24am Feb 14, 2011 9:24am
Watch for EG and EU now.
  • #8,971
  • Feb 14, 2011 9:34am Feb 14, 2011 9:34am
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 77 KB



bought it
  • #8,972
  • Feb 14, 2011 9:37am Feb 14, 2011 9:37am
Quoting redsword11
bought kiwi @ 0.75658 30 pip stop

Attached Image (click to enlarge)
Click to Enlarge Name: kiwi.jpg Size: 71 KB
  • #8,973
  • Feb 14, 2011 9:38am Feb 14, 2011 9:38am
Quoting Sdvsa
Watch for EG and EU now.
EG approaches S turned R:
http://pictureup.cz/picture/verejny/...2-13_eg_sr.png
As EU reaches for pivot @ 1.3497.
  • #8,974
  • Feb 14, 2011 9:45am Feb 14, 2011 9:45am
EU might also have unfinished business down there,
be it imprecise Gartley:
http://pictureup.cz/picture/verejny/...isegartley.png

Or precise BAT in forming:
http://pictureup.cz/picture/verejny/...t-forminng.png

edit: precise timing for high probable 20 pips scalp so far and counting.
  • #8,975
  • Feb 14, 2011 10:02am Feb 14, 2011 10:02am
Hi Red, would you be so kind as to explain me the difference in your trading system between demand consumption and rejection from demand zone?

http://www.forexfactory.com/showpost...postcount=8940

You posted it was subjective, but you were thinking it was demand consumption but you still hold the trade untill it reached BE.
Summarizing: how do I spot th difference?? With a bullish engulfing pattern???
Tks, as usual a pleasure to follow your trades.
  • #8,976
  • Feb 14, 2011 10:05am Feb 14, 2011 10:05am
Quoting maurofx
Hi Red, would you be so kind as to explain me the difference in your trading system between demand consumption and rejection from demand zone?

http://www.forexfactory.com/showpost...postcount=8940

You posted it was subjective, but you were thinking it was demand consumption but you still hold the trade untill it reached BE.
Summarizing: how do I spot th difference?? With a bullish engulfing pattern???
Tks, as usual a pleasure to follow your trades.
It is the difference between candle spiking (we might call as spike hammer or pin for example) into into zone or closing in the zone. Look at the picture again, Red explained it in that example.

Engulfing is when candle closes in the zone, but its body gets engulfed by next candle's body -- preferably after whipsaw is complete.
  • #8,977
  • Feb 14, 2011 10:13am Feb 14, 2011 10:13am
red supply/demand zone for EU by any chance? its kind of forming a bearflag on 5M, but tons of buyers at 6x
  • #8,978
  • Feb 14, 2011 10:18am Feb 14, 2011 10:18am
Quoting Sdvsa
It is the difference between candle spiking (we might call as spike hammer or pin for example) into into zone or closing in the zone. Look at the picture again, Red explained it in that example.

Engulfing is when candle closes in the zone, but its body gets engulfed by next candle's body -- preferably after whipsaw is complete.
Tks Mate. I guess I didn't explainvmyself correctly. I'm not talking about the spike that comes from the demand zone, I meant the next candle's wicks. He said those were demand consumption (thus price going down again). Again: How do I now those are not a supply consumption (retest of "lows in the range" so price goes up as it was rejected from demand zone) or if they are, as Red said, demand consumption??
I hope I made my point clearer now.
  • #8,979
  • Feb 14, 2011 10:29am Feb 14, 2011 10:29am
Quoting redsword11
Attachment


bought it

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 51 KB




closed out most
  • #8,980
  • Feb 14, 2011 10:36am Feb 14, 2011 10:36am
Quoting maurofx
Tks Mate. I guess I didn't explainvmyself correctly. I'm not talking about the spike that comes from the demand zone, I meant the next candle's wicks. He said those were demand consumption (thus price going down again). Again: How do I now those are not a supply consumption (retest of "lows in the range" so price goes up as it was rejected from demand zone) or if they are, as Red said, demand consumption??
I hope I made my point clearer now.



ok, l wrote the explanation on the chart - PA confirmed it was demand consumption BY THE BEAR CANDLE CLOSING INTO A ZONE THAT HAD BEEN SPIKED BY PREVIOUS CANDLES - this was not the case when l bought it, further PA developed to give more insight


the reason l did not bail was because there was a demand zone just lower, where it rallied from to take me out @ entry and where l have just scalped it again
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