sold aud @ 1.01665 for scalp 15 pips or so
out @1.01577
- #10,921
- Mar 2, 2011 4:09pm Mar 2, 2011 4:09pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
out @1.01577
- #10,922
- Mar 2, 2011 4:11pm Mar 2, 2011 4:11pm
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
- #10,923
- Mar 2, 2011 4:13pm Mar 2, 2011 4:13pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #10,924
- Mar 2, 2011 4:20pm Mar 2, 2011 4:20pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Red do you have a 4hr/1hr (swingtrade/intraday trade) chart for GBPJPY?
Emene: I find it interessting that you guys are shorting GU, im still long, spreads are horrible right now. The only tradable pair to me today and for the past few days was AUDUSD.
Kiwi Long:
So when is that drop down expected to happen because its been building quite a considerable flag as of now on M30.
AUDUSD Short: ergs.... i disagree, smart trade but theres a demand right below it where 5M keeps bouncing off of.
not much l can offer on it - triangle
- #10,925
- Mar 2, 2011 4:24pm Mar 2, 2011 4:24pm
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
Might aswell flip a coin on that pair... Thanks for the pic anyways!
Watching my 3 main pairs like a hawk. Ill try finding out how many pips you can scalp on audusd tommorow on the 1 minute frame
2pips per trade x 100 trades should be doable i think 
- #10,927
- Mar 2, 2011 4:49pm Mar 2, 2011 4:49pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Sorry i should have been more specific, no matter what timeframe i go in i see supply above supply above supply above supply, but the trend seems up, i cant remember sam seiden teaching something about these situations other than to avoid them and move to safer pairs.
Might aswell flip a coin on that pair... Thanks for the pic anyways!
Watching my 3 main pairs like a hawk. Ill try finding out how many pips you can scalp on audusd tommorow on the 1 minute frame
If you feel uncomfortable taking the trade with price moving rapidly into a level, wait for confirmation of the turn on the lower timeframes just like red does with all of his trades.
P.S. I am seeing Sam Seiden on the 22nd March as he is in London!
- #10,928
- Mar 2, 2011 4:59pm Mar 2, 2011 4:59pm
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
Sam Seiden says that the conservative trade is to take the upper level. Also on priceaction's thread you will see the odds enhancers PDF document and in there it states how price moves into the level. The faster price moves into the level the better!
If you feel uncomfortable taking the trade with price moving rapidly into a level, wait for confirmation of the turn on the lower timeframes just like red does with all of his trades.
P.S. I am seeing Sam Seiden on the 22nd March as he is in London!
Im off for the night, i need to wake up in 4-5 hours and go over charts, its going to be another day of only audusd scalping and ill try scalping more futures to be honest.
Good night
- #10,929
- Mar 2, 2011 5:02pm Mar 2, 2011 5:02pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Please tell Sam that he is a God and that i would gladly offer the soul of my not yet first born son to appease him!
Im off for the night, i need to wake up in 4-5 hours and go over charts, its going to be another day of only audusd scalping and ill try scalping more futures to be honest.
Good night
Inserted Video
lol... I think he'd be lost for words!
- #10,930
- Mar 2, 2011 5:08pm Mar 2, 2011 5:08pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Sorry i should have been more specific, no matter what timeframe i go in i see supply above supply above supply above supply, but the trend seems up, i cant remember sam seiden teaching something about these situations other than to avoid them and move to safer pairs.
Might aswell flip a coin on that pair... Thanks for the pic anyways!
Watching my 3 main pairs like a hawk. Ill try finding out how many pips you can scalp on audusd tommorow on the 1 minute frame
for example 3 supply zones stacked closely ......
when levels are closely stacked and there isn't clear bearish enguilfing on the lower level - then it will be used as a trap for the early trigger happy trader - how often have we been in situations where we take it early and find ourselves moving our stops a little higher each time the prices move to the highest zone
....... but, keeping that in mind, you can short the first level and as long as you are prepared to add higher to the next levels and have accepted the loss ( before entry ) after the highest supply level is blown - no issue
- #10,932
- Mar 2, 2011 5:33pm Mar 2, 2011 5:33pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #10,933
- Mar 2, 2011 6:08pm Mar 2, 2011 6:08pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
sold eu @ 1.38656 another scalp
- #10,934
- Mar 2, 2011 6:10pm Mar 2, 2011 6:10pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #10,935
- Edited 6:59pm Mar 2, 2011 6:34pm | Edited 6:59pm
AUD buidling permits -15% Shorted AUDUSD. more to follow
closed 1/2 for 9 pips. adding BE because of more news in a few minutes. If i can withstand the news, ill increase the stop to let the trade breath.. very few USD buyers. so audjpy would have been a better pick. for asain session
closed 1/2 for 9 pips. adding BE because of more news in a few minutes. If i can withstand the news, ill increase the stop to let the trade breath.. very few USD buyers. so audjpy would have been a better pick. for asain session
- #10,936
- Mar 2, 2011 7:09pm Mar 2, 2011 7:09pm
- Joined Nov 2009 | Status: Trader | 1,093 Posts
I was reading Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader (Wiley Trading).
and then i found you post.
keep it up =D
- #10,937
- Mar 2, 2011 7:27pm Mar 2, 2011 7:27pm
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
Still reading it one year later. Advanced and difficult to grasp, for me anyway. Feels like written for scalpers on steroid...
Hi Red, can I ask you for current situation in GU, look like it could be down in Asian session?
- #10,940
- Mar 2, 2011 7:35pm Mar 2, 2011 7:35pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Hi, is the book Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the serious trader any good?
Hi Red, can I ask you for current situation in GU, look like it could be down in Asian session?
the manner in which the cluster resolved south is not very convincing, no strong bear dropped from it - it is holding or capped prices so far. The current PA doesn't suggest that its developing a bullflag, it can go south for sure but ugly stuff - ok for scalping in both directions for a while as PA presents itself