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Price is everything

  • #9,541
  • Feb 18, 2011 11:09am Feb 18, 2011 11:09am
Quoting .o0
Sold EU 1.36778 and 1.36732


sold @ 1.36651 stops @ 1.36888
  • #9,542
  • Feb 18, 2011 11:10am Feb 18, 2011 11:10am
Red, any comment on supply demand zones for gbpchf? 4hr looks very bearish if its a second pole. but im not convinced
  • #9,543
  • Feb 18, 2011 11:16am Feb 18, 2011 11:16am
Quoting redsword11
Attachment
Hi Redsword11,
I like the way you cascade your charts.
I had saved a similar old chart of yours.

Good Night.
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  • #9,544
  • Feb 18, 2011 11:17am Feb 18, 2011 11:17am
Quoting Orbital
Red, any comment on supply demand zones for gbpchf? 4hr looks very bearish if its a second pole. but im not convinced


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



too many zones above current price and below, however this is the only way to trade this situation


level taken is a confirmed approach
  • #9,545
  • Feb 18, 2011 11:19am Feb 18, 2011 11:19am
Quoting redsword11
eu in sell zone
EU
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
  • #9,546
  • Feb 18, 2011 11:20am Feb 18, 2011 11:20am
Quoting .o0
Hi Redsword11,
I like the way you cascade your charts.
I had saved a similar old chart of yours.

Good Night.


my goodness, that was a while ago


to most it looks like a train crash, but its actually organised with correlations and inverted pairs


keep well
  • #9,547
  • Feb 18, 2011 11:20am Feb 18, 2011 11:20am
Quoting redsword11
sold @ 1.36651 stops @ 1.36888
It happened twice today. My close price was your open price, and in the same direction

Inserted Video


Two prisoners saw out of the bars..
One saw Mud; the other saw stars..
  • #9,548
  • Feb 18, 2011 11:27am Feb 18, 2011 11:27am
Quoting anthoniex
eu

Attached Image (click to enlarge)
Click to Enlarge Name: eu left.jpg Size: 66 KB




switched to manual stop, not getting taken out


bring it south
  • #9,549
  • Feb 18, 2011 11:32am Feb 18, 2011 11:32am
What do you guys think about this pair now
Attached Image (click to enlarge)
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  • #9,550
  • Feb 18, 2011 11:36am Feb 18, 2011 11:36am
Quoting willi9723
What do you guys think about this pair now


if it goes north - suggest AUD will correct south for a bit


that zone is a leading indicator - watch aud, its @ supply
  • #9,551
  • Feb 18, 2011 11:37am Feb 18, 2011 11:37am
Quoting redsword11
Attachment


too many zones above current price and below, however this is the only way to trade this situation


level taken is a confirmed approach
Think ill take this trade on a practice demo account and watch if and how it unfolds. Should be interessting to watch.

About EU.

I have those exact same lines marked up, but given the current rally up im not sure what the hell is going on.

Logically and S/D and PA based i couldnt determine the source of the rally based on previous candles to the left. Which is quite upsetting to me.
EDIT:

Even though on a daily using a pitchfork i was calling this exact move while other were calling a bearrun because they were obsessed with 3 failed weekly pinbars pointing down.. 3 shooting stars formation my ass.
  • #9,552
  • Feb 18, 2011 11:39am Feb 18, 2011 11:39am
Quoting redsword11

keep well
You too brother.

p.s.

Sold Ej. Don't like PA at the moment. Will get out at average b.e. if price dosn't drop.
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  • #9,553
  • Feb 18, 2011 11:41am Feb 18, 2011 11:41am
Quoting Orbital
Think ill take this trade on a practice demo account and watch if and how it unfolds. Should be interessting to watch.

About EU.

I have those exact same lines marked up, but given the current rally up im not sure what the hell is going on.

Logically and S/D and PA based i couldnt determine the source of the rally based on previous candles to the left. Which is quite upsetting to me.
EDIT:

Even though on a daily using a pitchfork i was calling this exact move while other were calling a bearrun because they were obsessed with 3 failed weekly pinbars...


the higher it goes - the greed of the fcukwit instutions grows, so when it turns it will drop for a few - all because of their greed




sell high buy cheap - as the text books tell you, well here it is in the flesh, but we will take it south with them ..........
  • #9,554
  • Feb 18, 2011 11:54am Feb 18, 2011 11:54am
Quoting redsword11
the higher it goes - the greed of the fcukwit instutions grows, so when it turns it will drop for a few - all because of their greed




sell high buy cheap - as the text books tell you, well here it is in the flesh, but we will take it south with them ..........
The only problem being that looking at the candles it was hard to say where the floor and where the ceiling is if they are just being messed with left and right.

Today i had an interessting day remembering what you told me and the phrase kind of stuck in my head "Traders fear being right, more than they fear being wrong" "If you already accept the loss beforehand you shouldnt hesitate to trade"

And those words did stick with me today. I had 2 great opportunitys to extend my long after it calmed down 2 hour ago before it surged up again from 3630 area to 3670. And i missed both of them. I saw the 5M reversal candle with the appropriate priceaction to warrant a low risk breakout. And i failed to take it, because i couldnt see that it apparently was in supply zone.

That pissed me off a bit... Thats why im just looking at the charts right now, backtracing priceaction since monday, and finding out where the true supply and where the true demand was.. only problem is that Ins. Orderflow breaking through them makes it that much harder to figure out where price imbalanced were at.
  • #9,555
  • Feb 18, 2011 11:54am Feb 18, 2011 11:54am
Gold at a big supply zone. What do you guys think?

Gold 2HR chart.
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  • #9,556
  • Feb 18, 2011 12:25pm Feb 18, 2011 12:25pm
Thanks for info
  • #9,557
  • Feb 18, 2011 12:32pm Feb 18, 2011 12:32pm
sold kiwi @ 0.76438
  • #9,558
  • Feb 18, 2011 12:38pm Feb 18, 2011 12:38pm
Quoting redsword11
sold kiwi @ 0.76438

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  • #9,559
  • Feb 18, 2011 12:45pm Feb 18, 2011 12:45pm
Watch Loony and CADJPY,
there is a stroke thing going on.
  • #9,560
  • Feb 18, 2011 12:46pm Feb 18, 2011 12:46pm
Quoting willi9723
What indicator do you have there to make the price bigger?
Click on the paper clip attachment icon for this thread. Magnified Market Price is there. I wish everyone would use it on the charts they post so it would be easier to see the price, chart period and symbol.
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