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Price is everything

  • #10,881
  • Mar 2, 2011 12:38pm Mar 2, 2011 12:38pm
That's not a pin. It's a doji!



Quoting Orbital
1 hour reversal Pin aka moving up again.

Small long placed minilotAttachment


Dont copy this, i have a 10 pip stoploss on a minilot so i dont care if this looses.
  • #10,882
  • Mar 2, 2011 12:47pm Mar 2, 2011 12:47pm
Courtesy of James16 - for your info
Attached File(s)
File Type: doc PA short summary.doc   29 KB | 1,202 downloads
  • #10,883
  • Mar 2, 2011 12:57pm Mar 2, 2011 12:57pm
Quoting TraderBen
That's not a pin. It's a doji!
yes its a doji, names dont matter its the shape and form that you need to recognize
  • #10,884
  • Edited 1:21pm Mar 2, 2011 12:58pm | Edited 1:21pm
Quoting Orbital
yes its a doji, names dont matter its the shape and form that you need to recognize
But it is very helpful to know the difference between a Pin Bar and a Doji, they are very different beasts, and their significance very much so!
Attached File(s)
File Type: pdf Pin bars-introduction.pdf   175 KB | 1,120 downloads
  • #10,885
  • Mar 2, 2011 1:03pm Mar 2, 2011 1:03pm
Quoting anthoniex
EURJPY

sold, tight SL
stopped
  • #10,886
  • Mar 2, 2011 1:18pm Mar 2, 2011 1:18pm
Jumped in a quick scalp north...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ_2011-03-02_1911.png Size: 32 KB
  • #10,887
  • Mar 2, 2011 1:29pm Mar 2, 2011 1:29pm
Quoting TraderBen
But it is very helpful to know the difference between a Pin Bar and a Doji, they are very different beasts, and their significance very much so!
Ben please don't insult my intelligence, while i do understand that you are just trying to be helpfull, i am well aware of the difference between a doji, a pinbar, a hanging man, a shooting star, an inverted hammer, a dragonfly doji etc etc etc.

My point is: The names are fucking irrelevant if you are not able to read the shapes in context of the Priceaction, which is why so many fucking retards lost money shorting on those weekly pinbars

This thread has a high caliber of traders, we are all well aware of what we are doing.

Kind regards
  • #10,888
  • Mar 2, 2011 1:34pm Mar 2, 2011 1:34pm
Quoting Orbital
...which is why so many fucking retards lost money shorting on those weekly pinbars

Kind regards
LOL, I had a good time making $ to the long side thinking about all the punters who thought serial weekly pins were foolproof.
  • #10,889
  • Mar 2, 2011 1:37pm Mar 2, 2011 1:37pm
GBPUSD:
Looking for long reentries
Attached Image (click to enlarge)
Click to Enlarge Name: 02-Mar-11 8-35-00 PM.png Size: 39 KB


AUDUSD:
Looking for longs aswell and for PA to stabilize and build a higher high
Attached Image (click to enlarge)
Click to Enlarge Name: 02-Mar-11 8-37-11 PM.png Size: 39 KB


EURUSD:
Attached Image (click to enlarge)
Click to Enlarge Name: 02-Mar-11 8-41-12 PM.png Size: 51 KB


Im cautious, if people are setting up their shorts here means they will average in much higher to drive this down to 1.18 by the end of the year. Long for now
  • #10,890
  • Mar 2, 2011 1:39pm Mar 2, 2011 1:39pm
Quoting Sdvsa
My own charts sometimes freaks me out:
Attachment
Hope Asia is gonna bring it south overnight so that we can re-accumulate lower, entering @ market is too expensive :-)

Thinking of 1.385, 3825 combo, or one @ 1.384 and another a tad lower.

------

Can't wait to sell from above 1.6 in 2012 or so.
#1 filled.
But too soon, ready to scalp this one.
  • #10,891
  • Mar 2, 2011 1:42pm Mar 2, 2011 1:42pm
Quoting Sdvsa
#1 filled.
But too soon, ready to scalp this one.
Nice compression on M1 filled, its "lets see now" mode.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-02_EU_M1_CompressionFilled.png Size: 17 KB
  • #10,892
  • Edited 2:05pm Mar 2, 2011 1:46pm | Edited 2:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 46 KB


I thought I'd take a leaf out of Red's book last night when he shorted silver.

I've gone for gold tonight. I have already cashed in 2/3 of my position. I will move my SL below newly created supply zones for my remaining position!

Sorry for the late post... had to put the kids to bed!

*I posted the wrong fooking chart... this one should do the trick!

**Also added entry after I got confirmation that price was looking to drop!
  • #10,893
  • Mar 2, 2011 1:46pm Mar 2, 2011 1:46pm
Quoting Sdvsa
Nice compression on M1 filled, its "lets see now" mode.
Attachment
Scalped,
generally not a good sign going up during a night.

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-02_EU_M1_CompressionFilled-1.png Size: 17 KB

Not a safe bet on it.
  • #10,894
  • Mar 2, 2011 1:48pm Mar 2, 2011 1:48pm
Silver just dropped hard, anybody keen on reentering long?
  • #10,895
  • Mar 2, 2011 1:54pm Mar 2, 2011 1:54pm
Quoting Orbital
Silver just dropped hard, anybody keen on reentering long?
Retest of UTL was good signal for short...
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-02_SLV_UTL-ReTest.png Size: 37 KB
  • #10,896
  • Mar 2, 2011 2:05pm Mar 2, 2011 2:05pm
Hmmmmm.... dont like silver to much i dont like the metals for some reason, im a very big fan of oil futures as of late to be honest, and Gas is to me the buy of a year at this level.

Btw:

Does anyone trade GBPJPY? Im trying to fix my charts on yen pairs right now since i like the way eurjpy and usdjpy are reacting right now
  • #10,897
  • Mar 2, 2011 2:09pm Mar 2, 2011 2:09pm
Quoting bbakker
Attachment

I thought I'd take a leaf out of Red's book last night when he shorted silver.

I've gone for gold tonight. I have already cashed in 2/3 of my position. I will move my SL below newly created supply zones for my remaining position!

Sorry for the late post... had to put the kids to bed!

*I posted the wrong fooking chart... this one should do the trick!

**Also added entry after I got confirmation that price was looking to drop!



always good to see you here


well traded
  • #10,898
  • Mar 2, 2011 2:14pm Mar 2, 2011 2:14pm
Quoting redsword11
always good to see you here


well traded
Cheers matey. Nice to be in a room with traders who trade the same way!

Another mistake in my post. When I said my trailing SL will be BELOW supply...

Eating, drinking and posting at the same time don't mix... lol
  • #10,899
  • Mar 2, 2011 2:15pm Mar 2, 2011 2:15pm
Quoting Orbital
Ben please don't insult my intelligence, while i do understand that you are just trying to be helpfull, i am well aware of the difference between a doji, a pinbar, a hanging man, a shooting star, an inverted hammer, a dragonfly doji etc etc etc.

My point is: The names are fucking irrelevant if you are not able to read the shapes in context of the Priceaction, which is why so many fucking retards lost money shorting on those weekly pinbars

This thread has a high caliber of traders, we are all well aware of what we are doing.

Kind regards...
Perfect, the names ARE irrelevant, nice work.
  • #10,900
  • Mar 2, 2011 2:18pm Mar 2, 2011 2:18pm
Quoting Low
LOL, I had a good time making $ to the long side thinking about all the punters who thought serial weekly pins were foolproof.
long here too. What's a pin?
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