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Price is everything

  • #11,421
  • Mar 6, 2011 4:48pm Mar 6, 2011 4:48pm
Quoting redsword11
Attachment


...... this pair mirrors the dx very closely


what we have here is 2 perfectly structured ab -cd patterns within oneanother @ a daily FE @ 127 - THIS IS SIGNIFICANT TECH AND LEVELS


l just can't see this continuing


............ but as always, we let PA tell us, so it doesn't really matter what happens, we stick to the same plan


PRICE ARRIVAL, PA WATCH, EXECUTE



jlako tech

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as always, need to keep an close watch on dx @ these levels with the usdnok also a good indicator for dx as it mirrors it closely - usdnok has very good geometry to suggest a low and a turn - but as always, we just simply let the market PA tell us
  • #11,422
  • Mar 6, 2011 5:16pm Mar 6, 2011 5:16pm
bought nzdchf @ 0.6829

longer term position stops below 0.6700
  • #11,423
  • Mar 6, 2011 5:29pm Mar 6, 2011 5:29pm
This is my first post here. It's so hard to find appropriate information about the trading method which i use myself. I'd like to thank Red and other cool traders for such useful thread.
  • #11,424
  • Mar 6, 2011 5:52pm Mar 6, 2011 5:52pm
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both dax and cac arrive @ their respective demand zones @ the same time


check the reactions - almost identical too in momentum .............
  • #11,425
  • Mar 6, 2011 6:21pm Mar 6, 2011 6:21pm
sold slv @ 35.91
  • #11,426
  • Mar 6, 2011 6:25pm Mar 6, 2011 6:25pm
Quoting redsword11
sold slv @ 35.91

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  • #11,427
  • Mar 6, 2011 6:55pm Mar 6, 2011 6:55pm
Quoting redsword11
Attachment
red

just wondering how you are determining targets...
im guessing the highlighted area of the chart is the target
  • #11,428
  • Mar 6, 2011 7:13pm Mar 6, 2011 7:13pm
Attached Image (click to enlarge)
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bought cable

low risk manual stop
  • #11,429
  • Mar 6, 2011 7:15pm Mar 6, 2011 7:15pm
Quoting mugged
red

just wondering how you are determining targets...
im guessing the highlighted area of the chart is the target

supply goes to where?

....... choose a demand level according to your own RR
  • #11,430
  • Mar 6, 2011 7:26pm Mar 6, 2011 7:26pm
Quoting redsword11
supply goes to where?

....... choose a demand level according to your own RR
supply will push price until demand is met...
understood
  • #11,431
  • Mar 6, 2011 8:07pm Mar 6, 2011 8:07pm
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scalping loony from dtls
  • #11,432
  • Mar 6, 2011 8:42pm Mar 6, 2011 8:42pm
hi Red, thanks for your thread here. Would you interpret what difference between consumption and rejection from the look of the wicks? Sorry if this has been covered before.
  • #11,433
  • Mar 6, 2011 9:01pm Mar 6, 2011 9:01pm
Quoting blackmovie
hi Red, thanks for your thread here. Would you interpret what difference between consumption and rejection from the look of the wicks? Sorry if this has been covered before.

.......from the preceeding candles - check cable chart again, consumption is confirmed by BEAR MOVING INTO SPIKED ZONE
  • #11,434
  • Mar 6, 2011 9:03pm Mar 6, 2011 9:03pm
Is this a correct demand zone? Not fresh though is it?
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  • #11,435
  • Mar 6, 2011 9:08pm Mar 6, 2011 9:08pm
Quoting Roland82
Is this a correct demand zone? Not fresh though is it?


........ there is a spike there - thats why you already know its not fresh, however how do you know if buyers STILL exceed sellers - inotherwords is it still a demand zone?


prices can't rally without forming bullish enguilfing on SOME nature - PA watch
  • #11,436
  • Mar 6, 2011 9:12pm Mar 6, 2011 9:12pm
I have not entered yet. That is exactly what I am waiting for. Some kind of bullish confirmation candle.
Thank You!

Quoting redsword11
........ there is a spike there - thats why you already know its not fresh, however how do you know if buyers STILL exceed sellers - inotherwords is it still a demand zone?


prices can't rally without forming bullish enguilfing on SOME nature - PA watch
  • #11,437
  • Mar 6, 2011 9:18pm Mar 6, 2011 9:18pm
Quoting redsword11
........ there is a spike there - thats why you already know its not fresh, however how do you know if buyers STILL exceed sellers - inotherwords is it still a demand zone?


prices can't rally without forming bullish enguilfing on SOME nature - PA watch
Thanks for your reply Red. another question: let's say the price has hit a demand zone on daily TF, so we wait for a bullish enguilfing on daily TF for enter, but at the same time on 4 hour TF a bullish enguilfing already formed, can I enter base on the 4 hour signal? thanks in advance.
  • #11,438
  • Mar 6, 2011 9:32pm Mar 6, 2011 9:32pm
Quoting blackmovie
Thanks for your reply Red. another question: let's say the price has hit a demand zone on daily TF, so we wait for a bullish enguilfing on daily TF for enter, but at the same time on 4 hour TF a bullish enguilfing already formed, can I enter base on the 4 hour signal? thanks in advance.


this is best answered when you have a real example live - not just now with nothing or no prespective of zones on lower tfs that compose the daily


prices can react in a variety of ways and pace - therefore when a live example presents its self - the team here will help you


but don't make this diffcult with rigid rules - how do l know how prices are going to react until they get there - you might get a bullish hammer on hourly , 30 min or compression into demand on hourly followed by a bullish enguilfing on 15 and so on ........... where do l start to explain ?
  • #11,439
  • Mar 6, 2011 9:44pm Mar 6, 2011 9:44pm
GBPJPY
sold
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  • #11,440
  • Mar 6, 2011 10:10pm Mar 6, 2011 10:10pm
Triangle on GU>
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