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Price is everything

  • #13,101
  • Mar 21, 2011 1:37am Mar 21, 2011 1:37am
Compressed to supply, monitoring PA on 5M for sell to next demand level.
RR looks good with a bit of momentum.
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  • #13,102
  • Edited 1:43am Mar 21, 2011 1:40am | Edited 1:43am
bought EA 1.41309
SL 1.40969
TG1 1.41650ish
TG2 1.42210 (however aware of lower lows and TL resistance.
  • #13,103
  • Mar 21, 2011 2:03am Mar 21, 2011 2:03am
Bought GBPJPY 131.181

Tight stop of 15 pips...
  • #13,104
  • Mar 21, 2011 2:08am Mar 21, 2011 2:08am
Quoting Orbital
Bought GBPJPY 131.181

Tight stop of 15 pips...

Closed 131.308... Some kind of fucking spike upwards happened on all non USD based pairs right now...

Too stressful to hold on to this
  • #13,105
  • Mar 21, 2011 2:13am Mar 21, 2011 2:13am
Morning no brainer:
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Anyone wants to explain it in my own words?
  • #13,106
  • Mar 21, 2011 2:15am Mar 21, 2011 2:15am
EU short 1.41780

Will let this run for a bit and see how it reacts at the demand zone.. or better yet at which demand zone it reacts
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  • #13,107
  • Mar 21, 2011 2:24am Mar 21, 2011 2:24am
Hello everyone ! About Loonie, I'm not a specialist, but from an objective point of view, I can't help thinking that bulls want to see lower prices to buy.
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Hello.
  • #13,108
  • Mar 21, 2011 2:27am Mar 21, 2011 2:27am
Quoting emene
Hello everyone ! About Loonie, I'm not a specialist, but from an objective point of view, I can't help thinking that bulls want to see lower prices to buy.
Morning,

I'm not an avid fan of USDCAD, if it ever gets to buyzone2 in your pic i might consider buying it. Other than that the Dollar seems weak across the board especially with Euro moving up so highly.

We will see what happens. Enjoy the small scalps. Have a meeting in 4 1/2 hours, want to maximize gains untill then.


EDIT:

Also closed EU short +6.2
  • #13,109
  • Mar 21, 2011 2:47am Mar 21, 2011 2:47am
Hm. Seems Strong.
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  • #13,110
  • Mar 21, 2011 2:56am Mar 21, 2011 2:56am
Quoting HoyPip
Head and shoulders?

EUR/USD 30m


EDIT: would the gap invalidate this? Someone told me gaps dont exist.....but I dunno
The gap you see on your chart is caused by your broker being closed and therefore not showing the trades which took place whilst they were closed.

The market was however open during that period and if you use a broker which does not close, you would see the trades that took place and therefore no gap.

Having said that, the big boys will sometimes use that period of thin liquidity to stop hunt and set themselves up for a move in the opposite direction which is why in those cases, the non existent gap your see on your chart appears to close.

Hope that helps explain about gaps.
  • #13,111
  • Mar 21, 2011 2:58am Mar 21, 2011 2:58am
Quoting TraderBen
The gap you see on your chart is caused by your broker being closed and therefore not showing the trades which took place whilst they were closed.

The market was however open during that period and if you use a broker which does not close, you would see the trades that took place and therefore no gap.

Having said that, the big boys will sometimes use that period of thin liquidity to stop hunt and set themselves up for a move in the opposite direction which is why in those cases, the non existent gap your see on your chart appears to close....
I appreciate the explanation. Do any brokers run 24/7 data?
  • #13,112
  • Mar 21, 2011 3:03am Mar 21, 2011 3:03am
Quoting HoyPip
Hm. Seems Strong.
Doesnt seem like a reasonable trade mate, you bought into supply =/
Maybe you are pursuing a longer term strategy so i dont know... either way...

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  • #13,113
  • Mar 21, 2011 3:06am Mar 21, 2011 3:06am
Finally you airtight compressed sucker,
was almost giving-up the hope:
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  • #13,114
  • Mar 21, 2011 3:06am Mar 21, 2011 3:06am
I post for criticism. The only way to get better. I have the "always want to be in the market" problem. So sometimes justify trades before actually SEEING.

On to the next one.

EDIT: As well, I had my Supply area incorrectly located.
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  • #13,115
  • Mar 21, 2011 3:09am Mar 21, 2011 3:09am
Out for now.
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When at first thinking about it as a trap, my bets were after a bounce, it might break lower.

CHF is bound to be much fun.
  • #13,116
  • Mar 21, 2011 3:26am Mar 21, 2011 3:26am
Quoting Sdvsa
Out for now.
Attachment
When at first thinking about it as a trap, my bets were after a bounce, it might break lower.

CHF is bound to be much fun.
Martin i swear to god your charts are the only ones im ever fucking confused on where the hell your entries are....
  • #13,117
  • Mar 21, 2011 3:28am Mar 21, 2011 3:28am
Nice one, I got stuck at the bottom and got out at your TP.

Quoting Sdvsa
Out for now.
Attachment
When at first thinking about it as a trap, my bets were after a bounce, it might break lower.

CHF is bound to be much fun.
Hello.
  • #13,118
  • Mar 21, 2011 3:30am Mar 21, 2011 3:30am
Sold AU 1.0043
Hello.
  • #13,119
  • Mar 21, 2011 3:34am Mar 21, 2011 3:34am
Quoting emene
Sold AU 1.0043
Brave.. TL i suppose?

30-40 pips left until i begin shorting.
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  • #13,120
  • Mar 21, 2011 3:37am Mar 21, 2011 3:37am
Quoting HoyPip
I appreciate the explanation. Do any brokers run 24/7 data?
You are welcome.

Some banks and professional charting packages like esignal will show 24/7 data.

As regards retail brokers, I heard someone say they can see the trades taking place during the Wellington open on Sunday when most retail brokers are closed on Oanda. I don't know if it is true though as I haven't checked. Might be worth opening a demo account with them just to see it that is true.
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