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Price is everything

  • #9,101
  • Feb 15, 2011 2:57pm Feb 15, 2011 2:57pm
sold uj @ 83.805 bearish prices on 15 with compression
  • #9,102
  • Feb 15, 2011 3:00pm Feb 15, 2011 3:00pm
Quoting redsword11
Attachment


GBPAUD @ zone


awaiting entry south

why you think it will go to south. I just close it my position for 200 pips gain...dont want to be greedy...but i think it has more upside
  • #9,103
  • Feb 15, 2011 3:07pm Feb 15, 2011 3:07pm
Quoting surewin888
why you think it will go to south. I just close it my position for 200 pips gain...dont want to be greedy...but i think it has more upside


l have posted the zone


...... cable is going to go south because it is going to be bought lower when BOE raise interest rates ........ l read nothing but heard this on the news


aud will go north from here - therefore GA south



check for div .......
  • #9,104
  • Feb 15, 2011 3:11pm Feb 15, 2011 3:11pm
Quoting redsword11
sold uj @ 83.805 bearish prices on 15 with compression

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 54 KB



headbanger
  • #9,105
  • Feb 15, 2011 3:25pm Feb 15, 2011 3:25pm
Quoting redsword11
l have posted the zone


...... cable is going to go south because it is going to be bought lower when BOE raise interest rates ........ l read nothing but heard this on the news


aud will go north from here - therefore GA south



check for div .......

thanks.. Are you full time trader? seems your guys trading on small timeframe
  • #9,106
  • Feb 15, 2011 3:28pm Feb 15, 2011 3:28pm
Red,
I really like your supply and demand method for smaller timeframe scalping...

I am most of time trade on 4hr charts and use 15min chart for entry...

I think I will learn from you on the scalping using smaller timeframe...it is good learn from others...cheers

Can you post some links for me with example and doc? thanks again

VJ
  • #9,107
  • Feb 15, 2011 3:34pm Feb 15, 2011 3:34pm
Start with Sam Seiden's webinars Surewin,
then review the thread for examples of how Red uses certain pairs as leading indicators and manages whole complexes of them to get his trades in sync.

Quoting surewin888
Red,
I really like your supply and demand method for smaller timeframe scalping...

I am most of time trade on 4hr charts and use 15min chart for entry...

I think I will learn from you on the scalping using smaller timeframe...it is good learn from others...cheers

Can you post some links for me with example and doc? thanks again

VJ
  • #9,108
  • Feb 15, 2011 3:43pm Feb 15, 2011 3:43pm
Quoting redsword11
l have posted the zone


...... cable is going to go south because it is going to be bought lower when BOE raise interest rates ........ l read nothing but heard this on the news


aud will go north from here - therefore GA south



check for div .......
where do you get news resource from? do you mind to share?
  • #9,109
  • Feb 15, 2011 3:48pm Feb 15, 2011 3:48pm
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

Quoting surewin888
where do you get news resource from? do you mind to share?
Hello.
  • #9,110
  • Feb 15, 2011 3:50pm Feb 15, 2011 3:50pm
Quoting emene
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

thanks...
  • #9,111
  • Feb 15, 2011 4:11pm Feb 15, 2011 4:11pm
Quoting surewin888
where do you get news resource from? do you mind to share?
I was actually on my way to bed since i need to wake up early and finish drawing supply demand levels for AUD/USD, because if USD/CHF remains behaving this way i will honestly tell you that scalping it will be a bitch unless youre able to get into the momentum candle trades.

Speaking of AUD/USD, red would you please be so kind to provide your current 15 and 5M S/D zones for AUD/USD, the 1hr and 4hr ones ive got settled already but im missing the important smaller ones.

Anyways back to your question Surewin888,

You won't find this on any news source, it requires some logical thinking to be honest. Yes you may find articles pertaining to interest rates but you wont find anything particular.

Here are the things you need to know:

 

  1. When the market is expecting a rise in interest rates the Central banks will follow suit within weeks or months. Its sort of a self fulfilling prophecy
  2. When interest rates for a currency rise, the currency gains in strength because of carry trades and its seen as a indicator of strength in the economy (when economies grow to fast inflation rises, interest rate hikes help battle inflation by inflating the monetary value of the currency, whereas inflation deflates the value)
  3. GBP is a particularly difficult case concerning Interest rates. Their last GDP was negative, thus a contraction. It is hard to raise rates when there is no economic growth
  4. Raising rites when economy is contracting in this particular case can result in a double dip recession which will severly fuck the economy and the currency value
  5. The reasononing behind a weakening pound right now is that when rates are hiked, itll pop up, so people (institutions funds etc) want to buy the GBP cheap, thus driving the price down and averaging in

Personally i wouldnt expect rates to get hiked before june/july, same also applies to the ECB, watch trichets statements in March/April and see if there are any clues, his comments are usually fucking worthless but when questions regarding inflation are asked his tone usually is very suggestive.
This is why i was laughing at all those "hawkish trichet" statements because that was fucking bullshit. ECB will probably monitor if inflation stabilized somewhat. CPI etc are usually an excellent index for that. Watch out for news regarding Germany since they are having some probs with inflation since their economy is growing (to my surprise actually)

Also take everything you read in the news with a hefty grain of salt. The best site for news would be Financial Times (www.ft.com) and Bloomberg.

Enough fundamental analysis for today im off to bed.

Good night

  • #9,112
  • Feb 15, 2011 4:12pm Feb 15, 2011 4:12pm
Man, you know the pairs so well you must feel you're playing a game with some old friends when you are trading. Must feel good. Respect.

Quoting redsword11
its going north, just bought more
Hello.
  • #9,113
  • Feb 15, 2011 4:16pm Feb 15, 2011 4:16pm
Quoting Orbital
I was actually on my way to bed since i need to wake up early and finish drawing supply demand levels for AUD/USD, because if USD/CHF remains behaving this way i will honestly tell you that scalping it will be a bitch unless youre able to get into the momentum candle trades.

Speaking of AUD/USD, red would you please be so kind to provide your current 15 and 5M S/D zones for AUD/USD, the 1hr and 4hr ones ive got settled already but im missing the important smaller ones.

Anyways back to your question Surewin888,

You won't find this on any news...
Thanks orbital... good to learn from others...cheers
  • #9,114
  • Feb 15, 2011 4:22pm Feb 15, 2011 4:22pm
Quoting emene
Man, you know the pairs so well you must feel you're playing a game with some old friends when you are trading. Must feel good. Respect.


....... nothing random in our world of trading ........ you took a trade on eu earlier with a brick phone, l saw that and that was classic, where other traders regard PA as noise we see structure


well done


said it often, complexes hold keys and insight beyond any news feed, AHEAD OF TIME and l have shown it often before the market opens. GBPAUD creating a bearish H@S on 15 as aud and kiwi begin to move north......... join tthe dots
  • #9,115
  • Feb 15, 2011 4:34pm Feb 15, 2011 4:34pm
One of the things I have noticed over the last couple of months of watching what goes on in here is the rule on basing the thread on the charts.

This specifically takes away the distortion and deletion that occurs when we describe our experience with language.

By using the charts the structure of the patterns becomes clearer and having started to review all the experience which has been captured since the inception of this thread. It is clear that Reds trades have a very clear and precise structure to them that he is able to repeat day in day out.

Whilst I am not confident enough to make a contribution in terms of posting trade ideas, as I would want to ensure the quality of the material being proposed is maintained, I am starting to spot the patterns and when I look at the charts I can see the patterns emerging.

If we can detect the pattern/structure in the chart, then language to some degree is redundant as it only distorts and filters our experience.
  • #9,116
  • Feb 15, 2011 4:39pm Feb 15, 2011 4:39pm
Quoting Decimal
One of the things I have noticed over the last couple of months of watching what goes on in here is the rule on basing the thread on the charts.

This specifically takes away the distortion and deletion that occurs when we describe our experience with language.

By using the charts the structure of the patterns becomes clearer and having started to review all the experience which has been captured since the inception of this thread. It is clear that Reds trades have a very clear and precise structure to them that he is able to repeat day in day...


would like you to post regardless, get it out of your system


...... progress is made this way
  • #9,117
  • Feb 15, 2011 5:11pm Feb 15, 2011 5:11pm
Quoting redsword11
Attachment


headbanger


Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 64 KB




closed most
  • #9,118
  • Feb 15, 2011 5:16pm Feb 15, 2011 5:16pm
Quoting redsword11
Attachment



closed most

I'm very impress with you scalping skill. good job...
  • #9,119
  • Feb 15, 2011 5:21pm Feb 15, 2011 5:21pm
Quoting redsword11
bought eu @ 1.34881 stops @ 1.34555

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 59 KB
  • #9,120
  • Feb 15, 2011 5:22pm Feb 15, 2011 5:22pm
Quoting surewin888
I'm very impress with you scalping skill. good job...



....... thanks
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