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Price is everything

  • #11,661
  • Mar 7, 2011 9:18pm Mar 7, 2011 9:18pm
15 min cluster is developing in EU.
  • #11,662
  • Mar 7, 2011 9:18pm Mar 7, 2011 9:18pm
Quoting mugged
red,

is time a factor when you are holding a position?
i guess the cable trade is a good example...
since it has been moving sideways for a while now, would you drop it because buyers are not as aggressive at these levels or is the fact that the level is still holding more important?

thanks

whats more important to you ? the cluster resolves in your favour or time it takes to resolve ......... ?
  • #11,663
  • Mar 7, 2011 9:21pm Mar 7, 2011 9:21pm
Quoting redsword11
whats more important to you ? the cluster resolves in your favour or time it takes to resolve ......... ?
just being a busybody here
for me i would take the former.
but i guess maybe Red sees that the cluster will not resolve to his favour that's why he exits some trades @BE.

i've seen him hold onto trades for longer periods just cos the cluster is in his favour n not cos of time limit.

Red, pls feel free to correct me
  • #11,664
  • Mar 7, 2011 9:28pm Mar 7, 2011 9:28pm
Swissie is supported on the hourly and is compressed across the board at various TF. Gives me a impression that its about to go, although current market price seems a pivotal level and has acted as both support and resistance.
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  • #11,665
  • Mar 7, 2011 9:32pm Mar 7, 2011 9:32pm
EU Breakout Trade is coming soon.
  • #11,666
  • Mar 7, 2011 9:48pm Mar 7, 2011 9:48pm
On H1 pair is creating higher highs off a support level of 1.3955
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  • #11,667
  • Edited 10:06pm Mar 7, 2011 10:04pm | Edited 10:06pm
Overall trend is down and so far is respectful of supply level. Trickier to get a entry as works when DX is in yen mode and not dollar mode and also correlates with CAD/JPY. Yesterday afternoon was a good example of how it kicks off quickly when the JPY pairs have some movement.

EDIT: Lower TL also is demand zone on 15M
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  • #11,668
  • Mar 7, 2011 10:11pm Mar 7, 2011 10:11pm
Sold GU 1.62
  • #11,669
  • Mar 7, 2011 10:23pm Mar 7, 2011 10:23pm
bought slv @ 35.66 stops @ 35.43


tg subjective, will monitor PA and gold
  • #11,670
  • Mar 7, 2011 10:23pm Mar 7, 2011 10:23pm
Hi everybody

I haven't been posting much lately. I have been far too busy for my own good.

EU 4h and day show a lot of room to the upside. Little to the south. I believe Trichet whispered the possibility of a rate increase last week so the stupid big candle. The USDx has a little room left for weakness before the potential is there for a bigger drop.

PA of course will tell the rest of the story. I am watching for a potential long.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #11,671
  • Mar 7, 2011 10:47pm Mar 7, 2011 10:47pm
Quoting honeybhi
Sold GU 1.62
dude what is your TG?

Thanks
  • #11,672
  • Mar 7, 2011 10:48pm Mar 7, 2011 10:48pm
Quoting Decimal
Swissie is supported on the hourly and is compressed across the board at various TF. Gives me a impression that its about to go, although current market price seems a pivotal level and has acted as both support and resistance.

Swissie 5M Breakout of range

If I had watched and got in....now Id be saying...and out..
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  • #11,673
  • Mar 7, 2011 10:48pm Mar 7, 2011 10:48pm
morning team...
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Gold Expedition Return This Year: -15.9%
  • #11,674
  • Mar 7, 2011 10:55pm Mar 7, 2011 10:55pm
Quoting AcidH4X
dude what is your TG?

Thanks
Looking for 1.6125 and below.Actually the source of the rally.

However a test of the broken support is not ruled out.

Waiting to see how London plays it.
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  • #11,675
  • Mar 7, 2011 10:59pm Mar 7, 2011 10:59pm
Quoting honeybhi
Looking for 1.6125 and below.Actually the source of the rally.

However a test of the broken support is not ruled out.

Waiting to see how London plays it.
Got it..

Thanks Bhai
  • #11,676
  • Mar 7, 2011 11:08pm Mar 7, 2011 11:08pm
Quoting redsword11
Attachment



partial close @ horizontal

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kaboom closed most @ BE
  • #11,677
  • Mar 7, 2011 11:14pm Mar 7, 2011 11:14pm
Sold GU @ 1.6202
SL @ 1.6207
  • #11,678
  • Mar 7, 2011 11:15pm Mar 7, 2011 11:15pm
Good morning red's soldiers.

GF quick short, my eyes are still the size of bee balls.

That's what very good with levels. Let the price work for you and do all the travel to the zones. Then put the pips in the bag.

Enjoy your day all.
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Hello.
  • #11,679
  • Mar 7, 2011 11:22pm Mar 7, 2011 11:22pm
first trading long eu
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Gold Expedition Return This Year: -15.9%
  • #11,680
  • Mar 7, 2011 11:50pm Mar 7, 2011 11:50pm
Quoting budak baru
first trading long eu
stopped
Gold Expedition Return This Year: -15.9%
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