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Price is everything

  • #9,581
  • Feb 18, 2011 1:18pm Feb 18, 2011 1:18pm
redsword11

Attachment


http://i51.tinypic.com/2lvoeae.gif

Your chart said "Last bull into supply misleading". What was misleading?
  • #9,582
  • Feb 18, 2011 1:19pm Feb 18, 2011 1:19pm
Quoting ignored
Hi red, so in order to trade EUR/GBP we have to look at EUR/USD n GBP/USD individually too?


collectively


EG moves in waves, it responds to both - especially when cable and eu are off sync - in otherwords, the best time to trade EG is when some fcuked up news comes out about the UK which affects cable ONLY - that puts it out off sync with eu and EG has a stroke
  • #9,583
  • Feb 18, 2011 1:20pm Feb 18, 2011 1:20pm
Quoting Sdvsa
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.
Ok. Thank you
  • #9,584
  • Feb 18, 2011 1:20pm Feb 18, 2011 1:20pm
and sold cable ................
  • #9,585
  • Feb 18, 2011 1:21pm Feb 18, 2011 1:21pm
Quoting tjfxtrader
redsword11

Attachment


http://i51.tinypic.com/2lvoeae.gif

Your chart said "Last bull into supply misleading". What was misleading?


ahhhhhhh .......... so you can see (just kidding)
  • #9,586
  • Feb 18, 2011 1:23pm Feb 18, 2011 1:23pm
Quoting redsword11
collectively


EG moves in waves, it responds to both - especially when cable and eu are off sync - in otherwords, the best time to trade EG is when some fcuked up news comes out about the UK which affects cable ONLY - that puts it out off sync with eu and EG has a stroke
Oh. Okay...so when EG is off sync it responds to its zones better? Did i interpret that correctly?
  • #9,587
  • Feb 18, 2011 1:23pm Feb 18, 2011 1:23pm
Quoting cablito
new try at supply this time... amen


that was luck - don't trade luck


you got away with it this time ..............
  • #9,588
  • Feb 18, 2011 1:24pm Feb 18, 2011 1:24pm
UJ long scalp.
Wont take any heat on that.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 20 KB
  • #9,589
  • Feb 18, 2011 1:29pm Feb 18, 2011 1:29pm
Kiwi just dropped like a rock :O
  • #9,590
  • Feb 18, 2011 1:30pm Feb 18, 2011 1:30pm
Quoting ignored
Oh. Okay...so when EG is off sync it responds to its zones better? Did i interpret that correctly?

wrong - its like this


you are driving @ 40 miles an hour and someone going in the same direction as you is going @ a similar speed, maybe a little faster or a little slower


but now - you are going @ 40 miles an hours and someone is driving head first into you @ a simlilar speed - you would notice a BIG DIFFERENCEE THEN WOULDN'T YOU?


well ......... thats the reaction of EG, when cable is off sync with eu, and what makes cable and eu go off sync is some bullshit news. Say you have job numbers for UK, its is all off - that will make cable move hard or whipsaw but will not affect eu much because its UK related - that type of thing puts cable and eu off sync - 2 cars going in opposite directions now - EG HAS A STROKE AS WOULD YOU IF SOMEONE WAS DRIVING HEAD FIRST INTO YOU ......
  • #9,591
  • Feb 18, 2011 1:31pm Feb 18, 2011 1:31pm
Quoting redsword11
that was luck - don't trade luck


you got away with it this time ..............
you re so right red... trapped 3times chasing the trade today :s
TRUST THE PROCESS !
  • #9,592
  • Feb 18, 2011 1:32pm Feb 18, 2011 1:32pm
Quoting Orbital
Kiwi just dropped like a rock :O

Attached Image (click to enlarge)
Click to Enlarge Name: out.jpg Size: 56 KB




CLOSED IT
  • #9,593
  • Feb 18, 2011 1:34pm Feb 18, 2011 1:34pm
Red whats your target exactly for kiwi? Spreads are ridiculous and its a slow moving pair and as we discussed it has a very bullish sentiment.



EU reaction to supply demand btw:

First:
Attached Image (click to enlarge)
Click to Enlarge Name: one reacting1.PNG Size: 38 KB


Then:
Attached Image (click to enlarge)
Click to Enlarge Name: one reacting2.PNG Size: 37 KB


Pinbar into supply = short mostly
  • #9,594
  • Feb 18, 2011 1:37pm Feb 18, 2011 1:37pm
there is nothing they have that we can't read



agreed?
  • #9,595
  • Feb 18, 2011 1:38pm Feb 18, 2011 1:38pm
Quoting redsword11
wrong - its like this


you are driving @ 40 miles an hour and someone going in the same direction as you is going @ a similar speed, maybe a little faster or a little slower


but now - you are going @ 40 miles an hours and someone is driving head first into you @ a simlilar speed - you would notice a BIG DIFFERENCEE THEN WOULDN'T YOU?


well ......... thats the reaction of EG, when cable is off sync with eu, and what makes cable and eu go off sync is some bullshit news. Say you have job numbers for UK, its is all off - that will make cable move...
Okay...got that...but still why would it be nicer to trade when that happens? Is it because there will be more movements?
  • #9,596
  • Feb 18, 2011 1:40pm Feb 18, 2011 1:40pm
Quoting ignored
Okay...got that...but still why would it be nicer to trade when that happens? Is it because there will be more movements?


yes - OFF SYNC



ok, during this weekend - have a look at your charts, find a time when eu and cable are off sync and look @ eg when that happens and post all three charts in here as an example


agreed?
  • #9,597
  • Feb 18, 2011 1:49pm Feb 18, 2011 1:49pm
Hi guys,

I just wanted to thank you for the great pippin' week we all had together, and we're now heading to the next one. This is a great thread, becoming better and better each days. Watching people getting their hedge is great. Thank you Red, you are doing something great here.

So now, end of the week for me, JD time with my best friend and best man Chris, big up to him

Enjoy your week-end fellow traders, we will all be richer next friday.

Peace. Mike.
Attached Image
Hello.
  • #9,598
  • Feb 18, 2011 1:52pm Feb 18, 2011 1:52pm
Quoting emene
Hi guys,

I just wanted to thank you for the great pippin' week we all had together, and we're now heading to the next one. This is a great thread, becoming better and better each days. Watching people getting their hedge is great. Thank you Red, you are doing something great here.

So now, end of the week for me, JD time with my best friend and best man Chris, big up to him

Enjoy your week-end fellow traders, we will all be richer next friday.

Peace. Mike.


JD and friends


keep well
  • #9,599
  • Feb 18, 2011 1:54pm Feb 18, 2011 1:54pm
Quoting emene
Hi guys,

I just wanted to thank you for the great pippin' week we all had together, and we're now heading to the next one.


Peace. Mike.
Hey michael,

just opened a freshly iced bottle of vodka, intense fucking week, scalpers hell or paradise

Time to get drunk and mark levels for next week,

Peace !
  • #9,600
  • Feb 18, 2011 1:58pm Feb 18, 2011 1:58pm
Quoting redsword11
ahhhhhhh .......... so you can see (just kidding)
Yes, I can see those BIG LETTERS on the chart.
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