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Price is everything

  • #9,221
  • Feb 16, 2011 9:17am Feb 16, 2011 9:17am
Hello Orbital,
Although EU is on demand level if we observe 1 hour tf.
I feel the recent small spikey up candles are consuming supply of the big bear candle. and it can move down soon.

What your view Redsword?


Quoting Orbital
Not exactly sure how to interpret those spikes. But it reds predictions about EU are correct then this should be going up aswell, its dangerously close to the lower band of the demand zone but it failed to breach below the last time it was at this levels, only pins.

=/
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  • #9,222
  • Feb 16, 2011 9:38am Feb 16, 2011 9:38am
Quoting redsword11
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...... and closed its instutional ass



let them fcuking try .............
  • #9,223
  • Feb 16, 2011 9:44am Feb 16, 2011 9:44am
Quoting redsword11
Attachment




partial close

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cut its throat


out @ horizontal
  • #9,224
  • Feb 16, 2011 9:48am Feb 16, 2011 9:48am
Quoting redsword11
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  • #9,225
  • Feb 16, 2011 9:58am Feb 16, 2011 9:58am
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  • #9,226
  • Feb 16, 2011 10:18am Feb 16, 2011 10:18am
eu
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  • #9,227
  • Feb 16, 2011 10:18am Feb 16, 2011 10:18am
Quoting .o0
Hello Orbital,
Although EU is on demand level if we observe 1 hour tf.
I feel the recent small spikey up candles are consuming supply of the big bear candle. and it can move down soon.

What your view Redsword?
Its just a small supply level to be honest. London is closing soon so positions should produce some reversal patterns.

Either way, i missed my AUD entry was to busy reading forums... which is bad for me... then i failed so short at my supply level which would have been double profit.

Kind of royally pissed of right now
  • #9,228
  • Feb 16, 2011 10:25am Feb 16, 2011 10:25am
Quoting .o0
Hello Orbital,
Although EU is on demand level if we observe 1 hour tf.
I feel the recent small spikey up candles are consuming supply of the big bear candle. and it can move down soon.

What your view Redsword?

lets take the flagpole


pole momentum

flag pullback, correction, fibs etc within the context of pole ........


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example of yesterdays trade on EU


l trade the flag, the reason begin, they often break the pole, they gather momentum and break the price structure it is supposed to obey. It occuured yesterday, rising flag to supply of pole and just broke it north, my tg was reached but it carried through north


the important thing here is the flag was rising from a solid demand zone often when that happens the flagpole structure gets broken



so, when trading the flag, it can turn and create a new pole if it is rising from a high demand zone

eu broke that pole already on your chart
  • #9,229
  • Feb 16, 2011 10:25am Feb 16, 2011 10:25am
Quoting anthoniex
eu
broke the lines
I'm out
  • #9,230
  • Feb 16, 2011 10:37am Feb 16, 2011 10:37am
Quoting redsword11
Attachment

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revisiting demand zone


if it holds, will turn everything on its head


PA watch everything
  • #9,231
  • Feb 16, 2011 10:56am Feb 16, 2011 10:56am
Quoting redsword11
brokers can spike as much as they like, its software, this is a good thing, this spike is a LEADING INDICATOR before a trend change - think about it for a minute, take out all stops holding it north and then it turns ...........


the spike has consumed that demand zone - therefore if it turns the low of that spike is a long term tg

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its turning, l will catch this
  • #9,232
  • Feb 16, 2011 11:00am Feb 16, 2011 11:00am
Quoting redsword11
Attachment



its turning, l will catch this
Looking like a Bearflag to be honest.

Red i know im annoying but what exactly is going on with AUDUSD today, its never been this unstable. demand and supply areas being blown left and right =/
  • #9,233
  • Feb 16, 2011 11:05am Feb 16, 2011 11:05am
Quoting redsword11
Attachment



level has held


placed tg @ 0.75595

its this level on kiwi that is important, its not giving way yet, aud will not break down until kiwi does or if kiwi respects this - its all north again


aud is in a range until kiwi decides to respect or break this level



was responding to O.
  • #9,234
  • Feb 16, 2011 11:10am Feb 16, 2011 11:10am
Quoting redsword11
its this level on kiwi that is important, its not giving way yet, aud will not break down until kiwi does or if kiwi respects this - its all north again


aud is in a range until kiwi decides to respect or break this level



was responding to O.

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kiwi reaction from the nearest 5 decimal place from that zone, closed it yesterday but its not giving yet
  • #9,235
  • Feb 16, 2011 11:22am Feb 16, 2011 11:22am
Quoting redsword11
Attachment



kiwi reaction from the nearest 5 decimal place from that zone, closed it yesterday but its not giving yet
Just flew over the nzd charts from december where that BO appeared.
So assuming it holds that marked level and continues moving upwards, we can most likely expect the aud to gain a more bullish momentum?
  • #9,236
  • Feb 16, 2011 11:28am Feb 16, 2011 11:28am
Quoting Orbital
Looking like a Bearflag to be honest.

Red i know im annoying but what exactly is going on with AUDUSD today, its never been this unstable. demand and supply areas being blown left and right =/


check the reaction of loony with cadjpy, its off sync due to UJ in dx phase, this filters through to aud and kiwi too - its a train crash, off sync
  • #9,237
  • Feb 16, 2011 11:29am Feb 16, 2011 11:29am
Quoting Orbital
Just flew over the nzd charts from december where that BO appeared.
So assuming it holds that marked level and continues moving upwards, we can most likely expect the aud to gain a more bullish momentum?


yes, goes north with kiwi


but market is off sync due to UJ in dx phase, it will fcuk all sync



awaiting sell eu
  • #9,238
  • Feb 16, 2011 11:44am Feb 16, 2011 11:44am
USDX demand pin bar on 1h chart if it closes this hour at this level.
  • #9,239
  • Feb 16, 2011 11:57am Feb 16, 2011 11:57am
Swissy pinbar into demand, major zone

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  • #9,240
  • Edited 1:04pm Feb 16, 2011 12:35pm | Edited 1:04pm
bought that loony



sold eu @ 1.35633



sold aud @ 1.00012
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