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Price is everything

  • #12,781
  • Mar 17, 2011 2:26am Mar 17, 2011 2:26am
Quoting budak baru
Good morning traders....hope today will better than yesterday.
stopped out -20
Gold Expedition Return This Year: -15.9%
  • #12,782
  • Mar 17, 2011 2:49am Mar 17, 2011 2:49am
Cable 30M
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  • #12,783
  • Mar 17, 2011 4:47am Mar 17, 2011 4:47am
Quoting budak baru
sold eu.dont argue with red.he is king of PA.u need to thanks him a lot because he want to share his trading secret n effort to answer all question...come on guys.lets chart talking
Agreed. I just go through the thread.... the graph look like make by Redsword.
Today's You was Your previously Thought.
  • #12,784
  • Mar 17, 2011 5:05am Mar 17, 2011 5:05am
In normal circumstances I'd have sell EU at 4032 -4034 without hesitation as it hits nice retail area but we are living in extra-ordinary situations currently. I'm in sideline ATM

Take extra care with your entries...
  • #12,785
  • Mar 17, 2011 5:11am Mar 17, 2011 5:11am
eu reach fib extension 61.8.looking for entry
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Gold Expedition Return This Year: -15.9%
  • #12,786
  • Mar 17, 2011 5:13am Mar 17, 2011 5:13am
Quoting Dishwasher
Correct me if I'm wrong, but the past few hours on the 30min chart of GBP/USD looks like compression. If it is, it could resolve north around 1.604 rather quickly.

yes, you were right - compressed going south and now its all the way back north through all the compressed zone


the only conclusion we can make from this type of PA - PRICES THINK AHEAD OF TIME


closed my cable buys from yesterday
  • #12,787
  • Mar 17, 2011 5:35am Mar 17, 2011 5:35am
sold aud @ 0.98339
  • #12,788
  • Mar 17, 2011 5:44am Mar 17, 2011 5:44am
Quoting redsword11
sold aud @ 0.98339

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OUT
  • #12,789
  • Mar 17, 2011 5:44am Mar 17, 2011 5:44am
Quoting redsword11
yes, you were right - compressed going south and now its all the way back north through all the compressed zone


the only conclusion we can make from this type of PA - PRICES THINK AHEAD OF TIME


closed my cable buys from yesterday

Red,

Any chance you can make a comment on the cable buys yesturday please in terms of the plan for entries and the exit.

Thanks.
  • #12,790
  • Mar 17, 2011 5:48am Mar 17, 2011 5:48am
sold cable
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Gold Expedition Return This Year: -15.9%
  • #12,791
  • Mar 17, 2011 5:56am Mar 17, 2011 5:56am
Quoting Decimal
Red,

Any chance you can make a comment on the cable buys yesturday please in terms of the plan for entries and the exit.

Thanks.


l bought near low, nothing much else l can add to that, but it didn't go as l first expected and PA was quite misleading when l first bought, so l just held it - worst case, get out near entry


....... we witnessed some real market madness yesterday, did you notice - dx dropped really hard too and aud and kiwi dropped - this was because of carry trades through AJ and NJ - they pulled aud and kiwi EVEN THOU dx dropped


we are in a ever changing market - moving more to commidities ,futures etc - more stable markets. FX is becoming more and more the wild west



............ saw your loony buy yesterday - correlations were lined up for it, did you close @ tg price?
  • #12,792
  • Mar 17, 2011 5:59am Mar 17, 2011 5:59am
Bought UJ.
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Hello.
  • #12,793
  • Mar 17, 2011 6:01am Mar 17, 2011 6:01am
bought swissy @ 0.90038
  • #12,794
  • Mar 17, 2011 6:19am Mar 17, 2011 6:19am
Quoting redsword11
l bought near low, nothing much else l can add to that, but it didn't go as l first expected and PA was quite misleading when l first bought, so l just held it - worst case, get out near entry


....... we witnessed some real market madness yesterday, did you notice - dx dropped really hard too and aud and kiwi dropped - this was because of carry trades through AJ and NJ - they pulled aud and kiwi EVEN THOU dx dropped


we are in a ever changing market - moving more to commidities ,futures etc - more stable markets. FX is becoming more and...


No I closed at entry due to lack of movement, as soon as I closed the rally began and if I would have held I would have reached tg price.

Unfortunately, the truth is I am still struggling with the set ups. I am only getting a few pips on the winning trades and then losing 20/30 pips on the ones that I get stopped out of. So overall its a continuation of losing weeks.

Its frustrating when everyone else in the group is doing so well and I just cant get off the starting blocks.

Could you recommend one pair that I might find a tad easier to get 25 pips a day with to get me going.

Any direction, as you know is much appreicated.

D.
  • #12,795
  • Mar 17, 2011 6:21am Mar 17, 2011 6:21am
Sold EU @ 1.4037 based on EURx PA. TP open.
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Hello.
  • #12,796
  • Mar 17, 2011 6:29am Mar 17, 2011 6:29am
Quoting Decimal
No I closed at entry due to lack of movement, as soon as I closed the rally began and if I would have held I would have reached tg price.

Unfortunately, the truth is I am still struggling with the set ups....

l feel your comments trader


l will post what l can but you have got really good price vision, l remember the DKK post where l mentioned the stop value - not sure if you took it, but that was an ideal entry .........


commodities are somewhat more stable than fx, lets maybe focus on gold, slv and crude setups alongside aud, kiwi, maybe not trade loony but must view it


there are other complexes which are not so much intraday but smaller positions for a little longer term such as euraud, gbpaud etc



the majors are just simply trap pairs most of the time, cable in particular - my pet hate. The reason books tell you to trade them and brokers give low spreads is - in my opinion - for you to LOSE YOUR FUNDS QUICKER, not to make money, they respect tech least of all



.......... and another point about fx education - they don't describe the WHOLE MARKET - this keeps you blind to whats actually going on, l simply think the education out there is junk - very few traders actually KNOW THE MARKET PULSE ............ and they are one trick ponies and they term themselves as TRADERS, yeah right
  • #12,797
  • Mar 17, 2011 6:32am Mar 17, 2011 6:32am
Quoting redsword11
bought swissy @ 0.90038

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had multiple entries, closed some
  • #12,798
  • Mar 17, 2011 6:39am Mar 17, 2011 6:39am
Quoting redsword11
Attachment


had multiple entries, closed some

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  • #12,799
  • Mar 17, 2011 6:39am Mar 17, 2011 6:39am
Closed some too.

Quoting emene
Bought UJ.
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Hello.
  • #12,800
  • Mar 17, 2011 6:53am Mar 17, 2011 6:53am
Overview of what I see on silver. Looks supported, but lacks direction.
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