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Price is everything

  • #9,721
  • Feb 22, 2011 2:58am Feb 22, 2011 2:58am
Quoting budak baru
still learning
Nice chart and I can see the set up you have gone for really clearly. I have just compared it to GU and we have the break, resistance, long wicks, however its not in a recognised demand zone, so its not a valid set up.

Bit more dollar weakness and this should break nicely for you. Did you take you entry based on a shorter TF chart or on the basis of it currently trading in a strong recognised demand zone ?
  • #9,722
  • Feb 22, 2011 3:00am Feb 22, 2011 3:00am
Quoting Sdvsa
Posted these zones over the weekend to Alex:
Attachment
Rejection together with harmonics and symmetry: at least 1.3625 might be strong price magnet.
(chart stripped to bare minimum: pure PA trading)

Harmonics:
Attachment
It is Bat.

Symmetry:
Attachment
Both harmonics and symmetry again courtesy of majid.
Update on EU.

Symmetry:
Attached Image

From fork point of view, break below 1.325 ends the trend and 1.3475 is on the table.

Technical TP 1 & 2 for BAT reached:
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-21_EU_H4_BAT-1.png Size: 29 KB


SD zones M15:
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-21_EU_M15.png Size: 31 KB

H4:
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-21_EU_H4_SD-NoWicks-1.png Size: 31 KB
  • #9,723
  • Feb 22, 2011 3:13am Feb 22, 2011 3:13am
Quoting Decimal
Nice chart and I can see the set up you have gone for really clearly. I have just compared it to GU and we have the break, resistance, long wicks, however its not in a recognised demand zone, so its not a valid set up.

Bit more dollar weakness and this should break nicely for you. Did you take you entry based on a shorter TF chart or on the basis of it currently trading in a strong recognised demand zone ?
always pick clear supply n demand zone only...also m15 cs reversal formation.
Gold Expedition Return This Year: -16.6%
  • #9,724
  • Feb 22, 2011 3:23am Feb 22, 2011 3:23am
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-22_EA_EU_AU_H4_SD-NoWicks-Res.png Size: 68 KB

EA in a really sticky situation.

Will expand more on this later.
  • #9,725
  • Feb 22, 2011 3:28am Feb 22, 2011 3:28am
EF reacted well at demand.
Attached Image (click to enlarge)
Click to Enlarge Name: ef.gif Size: 21 KB
Hello.
  • #9,726
  • Feb 22, 2011 3:29am Feb 22, 2011 3:29am
Quoting emene
EF reacted well at demand.
Am with you in too,
also opportunity to reshort XAU if weren't already in.
  • #9,727
  • Feb 22, 2011 3:39am Feb 22, 2011 3:39am
Monstrosities on AU everywhere.

H1
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-22_AU_H1_Crab.png Size: 28 KB

Waiting to observe retest of TP2 from below.

D1
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-22_AU_D1_Crab.png Size: 49 KB

Mitigating circumstance is that TP1 might have been reached while it was still in development.
  • #9,728
  • Feb 22, 2011 3:47am Feb 22, 2011 3:47am
bought slv @ 32.55 stops @ 32.17


bought S&P 1324.00 stops @ 1317.85
  • #9,729
  • Feb 22, 2011 4:10am Feb 22, 2011 4:10am
Quoting redsword11
bought slv @ 32.55 stops @ 32.17


bought S&P 1324.00 stops @ 1317.85
XAU reaching H4 demand.
  • #9,730
  • Feb 22, 2011 4:11am Feb 22, 2011 4:11am
bought cable @ 1.61501 25 pip manual stop
  • #9,731
  • Feb 22, 2011 4:13am Feb 22, 2011 4:13am
NZD/USD at 2hr demand zone.

NZD/USD 2HR chart.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 86 KB
  • #9,732
  • Feb 22, 2011 4:16am Feb 22, 2011 4:16am
Quoting redsword11
bought cable @ 1.61501 25 pip manual stop

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 71 KB
  • #9,733
  • Feb 22, 2011 4:16am Feb 22, 2011 4:16am
Both UF and CADCHF @ double bottom now.
  • #9,734
  • Feb 22, 2011 4:25am Feb 22, 2011 4:25am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 65 KB




tech and tgs
  • #9,735
  • Feb 22, 2011 4:33am Feb 22, 2011 4:33am
Quoting redsword11
Attachment



tech and tgs

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 65 KB




partial close
  • #9,736
  • Feb 22, 2011 4:44am Feb 22, 2011 4:44am
Quoting redsword11
bought slv @ 32.55 stops @ 32.17


bought S&P 1324.00 stops @ 1317.85


partial close @ 32.82
  • #9,737
  • Feb 22, 2011 4:50am Feb 22, 2011 4:50am
Quoting redsword11
Attachment



prices testing an S turned R zone ........... would be good confirmation for a bull dollar if this level gets re inverted into support by bullish enguilfing


Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 144 KB




ZONE INVERTED YESTERDAY ........... AND RETEST



cable @ BE
  • #9,738
  • Feb 22, 2011 4:51am Feb 22, 2011 4:51am
Quoting budak baru
still learning
n near to reach supply zone.wait n see.morning red...
Attached Image (click to enlarge)
Click to Enlarge Name: eu311.png Size: 40 KB
Gold Expedition Return This Year: -16.6%
  • #9,739
  • Feb 22, 2011 5:01am Feb 22, 2011 5:01am
Quoting redsword11
bought slv @ 32.55 stops @ 32.17


bought s&p 1324.00 stops @ 1317.85

Attached Image (click to enlarge)
Click to Enlarge Name: sp.jpg Size: 80 KB




partial close

closed most slv @ be
  • #9,740
  • Feb 22, 2011 5:06am Feb 22, 2011 5:06am
SOLD EU
Attached Image (click to enlarge)
Click to Enlarge Name: eu311.png Size: 36 KB
Gold Expedition Return This Year: -16.6%
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