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Price is everything

  • #9,561
  • Feb 18, 2011 12:51pm Feb 18, 2011 12:51pm
Quoting tjfxtrader
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.
It can be useful, it can also be an eyesore and distraction. Use it if you like it leave it if you don't...
  • #9,562
  • Feb 18, 2011 12:51pm Feb 18, 2011 12:51pm
Quoting Sdvsa
Watch Loony and CADJPY,
there is a stroke thing going on.
Hello Sdvsa,
My view=
Attached Image (click to enlarge)
Click to Enlarge Name: cad11.gif Size: 20 KB
  • #9,563
  • Feb 18, 2011 12:53pm Feb 18, 2011 12:53pm
Quoting Orbital
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...


true supply and demand zones - we can draw many levels because they appear to us like zones, but thats all they are is zones that we have decided to term supply or demand


PRICE ARRIVAL, PA WATCH, BUY/SELL ...........WITH FULL CONVICTION



its when PA tells us we really know if what we have drawn truly is a level, often prices will turn just shy of a level or blow it then turn, so its always PA watch and NO LIMIT ORDERS, thats a guess


as PA traders, thats what we do, won't get it bang on all the time but atleast what we trade is real and in the moment with correlations, dx, ex and related stuff
  • #9,564
  • Feb 18, 2011 12:56pm Feb 18, 2011 12:56pm
eu is about to turn


and cable
  • #9,565
  • Feb 18, 2011 12:57pm Feb 18, 2011 12:57pm
Quoting .o0
Hello Sdvsa,
My view=
Entered short scalp,
presuposition is CY should retest at least 83.54.

UJ in Yen mode, it's Yen overkill.
  • #9,566
  • Feb 18, 2011 12:58pm Feb 18, 2011 12:58pm
Observing EurGbp..

What do you think about it, Redsword11 and team?
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 22 KB
  • #9,567
  • Feb 18, 2011 12:59pm Feb 18, 2011 12:59pm
Quoting Sdvsa
Entered short scalp,
presuposition is CY should retest at least 83.54.

UJ in Yen mode, it's Yen overkill.
2/3 out.

edit: 0.98506 TG band.
  • #9,568
  • Feb 18, 2011 1:01pm Feb 18, 2011 1:01pm
Quoting anthoniex
It can be useful, it can also be an eyesore and distraction. Use it if you like it leave it if you don't...
http://i51.tinypic.com/2q24q69.gif

My eyesight is not what is used to be. The font size is adjustable. Not sure how it can be considered an eyesore.
  • #9,569
  • Feb 18, 2011 1:02pm Feb 18, 2011 1:02pm
Quoting .o0
Observing EurGbp..

What do you think about it, Redsword11 and team?

do not sell it until you have confirmed EU is turning, this idiot will not turn on one configuration, it usually clusters for a while before turning, so you won't miss anything even if it turns a bit - leave it until EU turns
  • #9,570
  • Feb 18, 2011 1:02pm Feb 18, 2011 1:02pm
Quoting redsword11
eu is about to turn


and cable
http://i52.tinypic.com/kdwbpu.gif

Agreed.
  • #9,571
  • Feb 18, 2011 1:03pm Feb 18, 2011 1:03pm
Quoting redsword11
eu is about to turn


and cable
EU

Yes, the channel was just a bump and now broken. Median Line is being tested. I prefer price going to the shaded area first though but it's getting very close...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
  • #9,572
  • Feb 18, 2011 1:06pm Feb 18, 2011 1:06pm
Inserted Video



in the meantime ............
  • #9,573
  • Feb 18, 2011 1:06pm Feb 18, 2011 1:06pm
Quoting redsword11
true supply and demand zones - we can draw many levels because they appear to us like zones, but thats all they are is zones that we have decided to term supply or demand


PRICE ARRIVAL, PA WATCH, BUY/SELL ...........WITH FULL CONVICTION



its when PA tells us we really know if what we have drawn truly is a level, often prices will turn just shy of a level or blow it then turn, so its always PA watch and NO LIMIT ORDERS, thats a guess


as PA traders, thats what we do, won't get it bang on all the time but atleast what we trade is real and...
While i agree but PA can be a huge motherfucker sometimes. Especially with institutional orders dumping in 10 Million in sell orders times 20 within the timeframe of 30 minutes...

either way, i have 3 zones to the left, they differ only slightly from yours but only one showed a pin reaction.

3 Zones:
Attached Image (click to enlarge)
Click to Enlarge Name: 3marked.PNG Size: 39 KB



Pin reaction = strong confirmation to me unless orderflow is stacked against us

Attached Image (click to enlarge)
Click to Enlarge Name: one reacting.PNG Size: 38 KB
  • #9,574
  • Feb 18, 2011 1:08pm Feb 18, 2011 1:08pm
Quoting anthoniex
EU

Yes, the channel was just a bump and now broken. Median Line is being tested. I prefer price going to the shaded area first though but it's getting very close...


watch the rejection spike about now



that loony is totally off sync ........ man, its begin totally surpressed, that is not ordeflow ...........
  • #9,575
  • Feb 18, 2011 1:08pm Feb 18, 2011 1:08pm
Quoting Sdvsa
2/3 out.

edit: 0.98506 TG band.
out.
  • #9,576
  • Feb 18, 2011 1:12pm Feb 18, 2011 1:12pm
Quoting redsword11
do not sell it until you have confirmed EU is turning, this idiot will not turn on one configuration, it usually clusters for a while before turning, so you won't miss anything even if it turns a bit - leave it until EU turns
Hi red, so in order to trade EUR/GBP we have to look at EUR/USD n GBP/USD individually too?
  • #9,577
  • Feb 18, 2011 1:13pm Feb 18, 2011 1:13pm
Quoting ignored
Hi red, so in order to trade EUR/GBP we have to look at EUR/USD n GBP/USD individually too?
exactly,
EG is leading indicator for both of them.
Think of the logic: if EU up and GU up - EG flat; if EU up and GU flat - EG up etc etc.

Reding of SD zones on EG can thus give you a clue how GU and EU will behave (even the fact that zones are ignored is an information).

edit: on M30 and M15 we have clear rejection so far, but no clear engulfing on M5 south.
  • #9,578
  • Feb 18, 2011 1:15pm Feb 18, 2011 1:15pm
Quoting tjfxtrader
http://i52.tinypic.com/kdwbpu.gif

Agreed.


good afternoon - sorry about the last time l replied to one of your questions, eh ......... its the Kraken and lack of sleep, too many women, over paid and all the fast things in life


....... my apologises trader
  • #9,579
  • Feb 18, 2011 1:15pm Feb 18, 2011 1:15pm
Quoting redsword11
do not sell it until you have confirmed EU is turning, this idiot will not turn on one configuration, it usually clusters for a while before turning, so you won't miss anything even if it turns a bit - leave it until EU turns
Sweet as Redsword11

In the meanwhile, a short scalp. (No Pain, No Pain)

edit: the Dark Olive area is higher tf supply zone. PA not ripe for that yet.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpww.gif Size: 18 KB
  • #9,580
  • Feb 18, 2011 1:18pm Feb 18, 2011 1:18pm
new try at supply this time... amen
Attached Image
TRUST THE PROCESS !
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