Price is everything | Page 450 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EIP: Everything In Price (PIE) 16 replies

Everything to Nothing to get Everything? 7 replies

Price Is Everything - Lets Focus on Price and Swings 17 replies

Price is Everything (Long Term and Semi-Auto Edition) 26 replies

Everything You Wanted To Know About Electronic Trading, by Linda Bradford Raschke 0 replies

Attachments: Price is everything
Exit Attachments

Price is everything

  • #8,981
  • Feb 14, 2011 10:45am Feb 14, 2011 10:45am
Quoting redsword11
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
Got it. So it could have easily gone through the demand zone in this case. Just trying to think about SL and what about if your trading method doesn't work as usual. That's why I was intrested in this particular example, as the setup was as good as usual when you took the trade, but in didn't walk away from the Demand zone.
Tks to all for the comments!
  • #8,982
  • Feb 14, 2011 10:46am Feb 14, 2011 10:46am
Quoting Orbital
red supply/demand zone for EU by any chance? its kind of forming a bearflag on 5M, but tons of buyers at 6x



Attached Image (click to enlarge)
Click to Enlarge Name: ed.jpg Size: 69 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ed2.jpg Size: 67 KB




.....PA around that horizontal, insight
  • #8,983
  • Feb 14, 2011 10:52am Feb 14, 2011 10:52am
Quoting maurofx
Got it. So it could have easily gone through the demand zone in this case. Just trying to think about SL and what about if your trading method doesn't work as usual. That's why I was intrested in this particular example, as the setup was as good as usual when you took the trade, but in didn't walk away from the Demand zone.
Tks to all for the comments!

yes, there was NO WAY of telling if that lower zone was going to hold, l did state l moved to manual stop


........ DX was creating a bearish H&S as cable dropped to lower zone and railled exactly when the right shoulder broke down through neckline



so, it was not a guess but rather watching confluences react, and l am not the nervous sort either which helps l suppose
  • #8,984
  • Feb 14, 2011 11:06am Feb 14, 2011 11:06am
Quoting redsword11
Attachment


Attached Image (click to enlarge)
Click to Enlarge Name: kiwi.jpg Size: 55 KB




....... and scalped
  • #8,985
  • Feb 14, 2011 11:42am Feb 14, 2011 11:42am
Okay normally i dont get angry but there is something absurd going on today.. is the SNB dumping euros or something? because Swissy is fucked up and dragging everything with it.

Cant enter a decent trade. God all i want is to make 20 more pips today >.<
  • #8,986
  • Feb 14, 2011 11:45am Feb 14, 2011 11:45am
Attached Image (click to enlarge)
Click to Enlarge Name: spp.jpg Size: 84 KB
  • #8,987
  • Feb 14, 2011 12:18pm Feb 14, 2011 12:18pm
kiwi at demand with bullish divergence, could swing from here:

Attached Image (click to enlarge)
Click to Enlarge Name: nu.jpg Size: 101 KB


more levels from today: http://forexoholic.blogspot.com/2011/02/14012011.html
  • #8,988
  • Feb 14, 2011 12:24pm Feb 14, 2011 12:24pm
so it went through that supply, 35078 should hold, if it doesnt.. oh fucking lord.. retarded PA.. cant read shit...

EDIT:

Also... this is my problem... these daily candles or generally these candles are a sign of reversal, they usually are very accurate... so im very conflicted...
Attached Image (click to enlarge)
Click to Enlarge Name: candle.PNG Size: 45 KB
  • #8,989
  • Feb 14, 2011 12:39pm Feb 14, 2011 12:39pm
EURJPY looks like a bearflag... cant help myself
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.PNG Size: 39 KB
  • #8,990
  • Feb 14, 2011 1:18pm Feb 14, 2011 1:18pm
sold cable @ 1.60295 will give it around 20 pip manual stop RR 1:1
  • #8,991
  • Feb 14, 2011 1:33pm Feb 14, 2011 1:33pm
Looks like a retest is in order.
Attached Image (click to enlarge)
Click to Enlarge Name: eur 020911.gif Size: 15 KB
  • #8,992
  • Feb 14, 2011 3:59pm Feb 14, 2011 3:59pm
EU.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
Hello.
  • #8,993
  • Feb 14, 2011 4:01pm Feb 14, 2011 4:01pm
sold eu @ 1.34861 25 pip stop
  • #8,994
  • Feb 14, 2011 4:06pm Feb 14, 2011 4:06pm
Quoting redsword11
sold eu @ 1.34861 25 pip stop

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 66 KB
  • #8,995
  • Feb 14, 2011 4:07pm Feb 14, 2011 4:07pm
eu
M5
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
  • #8,996
  • Feb 14, 2011 4:17pm Feb 14, 2011 4:17pm
Quoting redsword11
sold eu @ 1.34861 25 pip stop
been watching this pair since I made the stupid trade this morning...:nerd:
  • #8,997
  • Feb 14, 2011 4:21pm Feb 14, 2011 4:21pm
I don't see that trade happening or going well but since ive been wrong 8/10 trades today and it cost me quite a bit im going to remain silent.
Daily candle is looking awkwardly like a reversal candle.

4hour looks like a bear continuation
1 Hour PA suggests further upmove

its a mess across the entire board

EDIT:

Personally i favour longs.
  • #8,998
  • Feb 14, 2011 4:24pm Feb 14, 2011 4:24pm
Quoting Orbital
I don't see that trade happening or going well but since ive been wrong 8/10 trades today and it cost me quite a bit im going to remain silent.
Daily candle is looking awkwardly like a reversal candle.

4hour looks like a bear continuation
1 Hour PA suggests further upmove

its a mess across the entire board

EDIT:

Personally i favour longs.
I got nothing at this moment either. Short term bias to the south on e/u, but hell... who knows. It would be nice if we could get some actual movement.
  • #8,999
  • Feb 14, 2011 4:34pm Feb 14, 2011 4:34pm
Quoting Orbital
Personally i favour longs.
EU WEEKLY
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
  • #9,000
  • Feb 14, 2011 4:38pm Feb 14, 2011 4:38pm
Quoting anthoniex
EU WEEKLY
I know the weekly charts by hard mate.
Attached Image (click to enlarge)
Click to Enlarge Name: dailyfork.PNG Size: 47 KB


Nevertheless, tommorow theres a buttload of news out, meaning a butload of selling and buying occuring. But the PA remains weird.

EDIT: ALso there is no fucking way in hell you have 3 pinbars of that magnitude with no violet reaction downwards, if you look at the weekly charts there are two bars for almost 600 pips one down and one up. this has never occured since the beginning of EU charts.

Another thing is that there is a weekly downfork that failed to reach the median line, if that occurs prices tend to move to the C pivot. which would indicate another confluenced for going long. Daily is looking like its in reverse mode plus rejection of Lower median line usually followed by a move back to the median line.
2 traders viewing now