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Price is everything

  • #10,761
  • Mar 2, 2011 3:29am Mar 2, 2011 3:29am
Quoting AcidH4X
guys i m learning the supply & demand & also learning how to trade with Pure price action..pls chk my img & tell me that demand area is good for long position..its 1st time pullback so might be good reward.


Thanks
Personally I am long overnight @ 1.377, but it is very cramped.

So far we have successful absorption of supply and levels I am looking now are these:
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-01_EU_H2_CompZones-WeeklyOpen.png Size: 42 KB

Upper level corresponds with weekly open.
Right now, we are in "quiet" before news and I have another limit @ 1.3725 (also placed overnight).

So I am in accumulation mode, but willing to accept that we might need to find more space before moving up.
  • #10,762
  • Mar 2, 2011 3:32am Mar 2, 2011 3:32am
Quoting redsword11
Attachment



wax on wax off


idiot pair

Attached Image (click to enlarge)
Click to Enlarge Name: c.jpg Size: 74 KB





kaboom
  • #10,763
  • Mar 2, 2011 3:46am Mar 2, 2011 3:46am
Quoting redsword11
Attachment




kaboom
Nicely done red.

Should have taken this long trade below at the sup.

The res 1.6250/60 kept me out.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.jpg Size: 61 KB
  • #10,764
  • Mar 2, 2011 3:47am Mar 2, 2011 3:47am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 64 KB
  • #10,765
  • Mar 2, 2011 3:51am Mar 2, 2011 3:51am
Quoting honeybhi
Nicely done red.

Should have taken this long trade below at the sup.

The res 1.6250/60 kept me out.


remember that cluster ? that was created by prices AHEAD OF ANY NEWS ETC ........... prices think AHEAD OF TIME



....... and thanks
  • #10,766
  • Mar 2, 2011 3:57am Mar 2, 2011 3:57am
Quoting redsword11
remember that cluster ? that was created by prices AHEAD OF ANY NEWS ETC ........... prices think AHEAD OF TIME



....... and thanks
Hi Red,
i am looking at EURUSD m5 and it's forming a similiar cluster like GU, and there's EURO PPI in 3 mins.. possible similiar setup?
  • #10,767
  • Edited 4:12am Mar 2, 2011 4:01am | Edited 4:12am
Quoting willkohsg
Hi Red,
i am looking at EURUSD m5 and it's forming a similiar cluster like GU, and there's EURO PPI in 3 mins.. possible similiar setup?


thats not the same situation, what we had on cable was a much different set up - a whipsaw to most traders but these whipsaws are precise


EU is @ supply here - switch to 15 min and you will see compression .......
  • #10,768
  • Mar 2, 2011 4:10am Mar 2, 2011 4:10am
Quoting honeybhi
GJ
Closed partial and stop amended.
Attached Image (click to enlarge)
Click to Enlarge Name: 7.jpg Size: 90 KB
  • #10,769
  • Mar 2, 2011 4:11am Mar 2, 2011 4:11am
bought kiwi - rising flag


aud will blow this level on 30 min
  • #10,770
  • Mar 2, 2011 4:13am Mar 2, 2011 4:13am
Quoting honeybhi
Closed partial and stop amended.

............ gy @ demand and cable took off ........... random stuff, yeah right


..... well done
  • #10,771
  • Mar 2, 2011 4:16am Mar 2, 2011 4:16am
GU

Red , compression and breakout ??
Attached Image (click to enlarge)
Click to Enlarge Name: 9.jpg Size: 63 KB
  • #10,772
  • Mar 2, 2011 4:18am Mar 2, 2011 4:18am
Quoting honeybhi
gu

red , compression and breakout ??

yes, but your tg is only a few poitns away - look @ the rest of the market


another dollar weakness day


leave it
  • #10,773
  • Mar 2, 2011 4:20am Mar 2, 2011 4:20am
you shorting EU?
  • #10,774
  • Mar 2, 2011 4:21am Mar 2, 2011 4:21am
Hi guys,

Sold USD/CAD after topping at what I think is previous supply. Targetting lower level.

Let me know if I am doing this wrong!?!

Cheers,
Dan
Attached Image (click to enlarge)
Click to Enlarge Name: USD_CAD_2011-03-02.png Size: 39 KB
  • #10,775
  • Mar 2, 2011 4:25am Mar 2, 2011 4:25am
Quoting honeybhi
GU

Red , compression and breakout ??

Attached Image (click to enlarge)
Click to Enlarge Name: c.jpg Size: 81 KB
  • #10,776
  • Mar 2, 2011 4:27am Mar 2, 2011 4:27am
Either way eu isnt at an uptrend, wouldnt short based on 15m compression and supply levels right now....
  • #10,777
  • Mar 2, 2011 4:30am Mar 2, 2011 4:30am
Quoting redsword11
Attachment



....... out with most @ BE


confluences do suggest aud blows this level - holding it

Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 72 KB




might blow this pole .............
  • #10,778
  • Mar 2, 2011 4:34am Mar 2, 2011 4:34am
Quoting redsword11
bought kiwi - rising flag


aud will blow this level on 30 min


Attached Image (click to enlarge)
Click to Enlarge Name: kiwi.jpg Size: 68 KB
  • #10,779
  • Mar 2, 2011 4:39am Mar 2, 2011 4:39am
Red Check Natural Gas futures please... looking like an extremely cheap buy...
  • #10,780
  • Mar 2, 2011 4:42am Mar 2, 2011 4:42am
EURUSD @ resistance level. Previoous S/R + R1. We might make a bounce to leave bulls a rest for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 151 KB
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