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Price is everything

  • #14,121
  • Mar 31, 2011 4:09pm Mar 31, 2011 4:09pm
Quoting vyder
hey guys, just wanted some advice, price seemed to break through the zone so I bought as the PA indicated that the supply was cleared out. If it was ok to buy at this point, what do you guys look for as a heads up to get out of the trade?

thanks.
There are two supply zones in the chart, the one you have marked in your chart and one right above it.

The one you have marked turned out to be a trap, sucking in breakout traders to go long, and freaking out weak short sellers. Then price touched the zone above and went south. Tough to go short here also with the big swings unless you dropped down to a 5min chart.

My personal style of trading - I would not have been looking to go long here at all, wait until price drops back down to the lower zones.

Ignore buy signals at supply or resistance and ignore sell signals at demand or support.
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  • #14,122
  • Mar 31, 2011 4:10pm Mar 31, 2011 4:10pm
Quoting bbakker
Good to see you in here Mango! The EU thread is a lost cause... lol

Any instrument, any timeframe! Right Red!
Thanks Big B...

Little less chatter and a little more charting...

This truly is the Technical Voyeurist room...

And if you find money movement sexy...I guess that'd make this the world of PA pr0n...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,123
  • Mar 31, 2011 4:18pm Mar 31, 2011 4:18pm
stay out of these PRE NFP TRIANGLES even if there is a trade setup
  • #14,124
  • Mar 31, 2011 4:31pm Mar 31, 2011 4:31pm
Quoting redsword11
stay out of these PRE NFP TRIANGLES even if there is a trade setup
So i'd better cut off things as soon as possible and not trade tomorrow, dangerous day

Thanks...
Though i don't really see what you mean by a triangle there, if you have some time can you show plz?
  • #14,125
  • Mar 31, 2011 4:35pm Mar 31, 2011 4:35pm
Normally id trade this but market is very volatile, take reds comments by heart and don't trade this shit, im leaving a couple of positions open but overall a very good trading day.

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Im off for 4-5 hours of sleep will be back later.

In the Spirit of the thread:

PLEASE KEEP THE CHATTER TO A MINIMUM; CHARTS NOT CHATS
  • #14,126
  • Mar 31, 2011 4:41pm Mar 31, 2011 4:41pm
Quoting Forex Looser
So i'd better cut off things as soon as possible and not trade tomorrow, dangerous day

Thanks...
Though i don't really see what you mean by a triangle there, if you have some time can you show plz?

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  • #14,127
  • Mar 31, 2011 4:45pm Mar 31, 2011 4:45pm
5iber 5ive...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,128
  • Mar 31, 2011 4:46pm Mar 31, 2011 4:46pm
Quoting Magix
Thanks Big B...

Little less chatter and a little more charting...

This truly is the Technical Voyeurist room...

And if you find money movement sexy...I guess that'd make this the world of PA pr0n...


yes, good to see you here - bring your energy here where charts do the all the chatting thats needed

despite our differences in the past we know what really matters, that is - charts with live trades - END OFF
  • #14,129
  • Mar 31, 2011 4:50pm Mar 31, 2011 4:50pm
Quoting redsword11
yes, good to see you here - bring your energy here where charts do the all the chatting thats needed

despite our differences in the past we know what really matters, that is charts with live trades - END OFF
Not all of my trade accounts are off MT4...got some in platforms red...

Risk factor and account size are what sorts my trade selection...

Quarterly results are in with the money...could be consolidating and upping the cash to $1M in trade by April 5...

What differences?

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,130
  • Mar 31, 2011 4:56pm Mar 31, 2011 4:56pm
Quoting Magix
Not all of my trade accounts are off MT4...got some in platforms red...

Risk factor and account size are what sorts my trade selection...

Quarterly results are in with the money...could be consolidating and upping the cash to $1M in trade by April 5...

What differences?


don't matter what platform, you've got good energy for trading and everyone here gives alot for others to grow their trading - you should be with us here


differences - well, ok, its history MX



see you all tomorrow
  • #14,131
  • Mar 31, 2011 5:23pm Mar 31, 2011 5:23pm
could not resist not trading... so easy to scalp throughout this bullshit its ridiculous.

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Went long GBPCAD for a longterm trade, tight stops below the wick.

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  • #14,132
  • Mar 31, 2011 5:36pm Mar 31, 2011 5:36pm
http://i51.tinypic.com/vrdcnn.gif

Year to date percent in range.

Prices near the top tend to drop and prices near the bottom tend to rise.

Ebb and flow.
  • #14,133
  • Mar 31, 2011 5:37pm Mar 31, 2011 5:37pm
Hello Orbital.... what is long term for you (long GBPCAD)?


Quoting Orbital
could not resist not trading... so easy to scalp throughout this bullshit its ridiculous.

Attachment

Went long GBPCAD for a longterm trade, tight stops below the wick.

Attachment
  • #14,134
  • Mar 31, 2011 5:44pm Mar 31, 2011 5:44pm
Hi, where/how did you get this data?

Quoting tjfxtrader
http://i51.tinypic.com/vrdcnn.gif

Year to date percent in range.

Prices near the top tend to drop and prices near the bottom tend to rise.

Ebb and flow.
  • #14,135
  • Mar 31, 2011 5:50pm Mar 31, 2011 5:50pm
Guess we'll see how this trade goes.
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Shapeshift greed and catch em' off guard
  • #14,136
  • Mar 31, 2011 6:20pm Mar 31, 2011 6:20pm
http://i51.tinypic.com/2l6fso.gif

  • #14,137
  • Mar 31, 2011 6:40pm Mar 31, 2011 6:40pm
Quoting Czaray
Guess we'll see how this trade goes.
Moved stop to break even in case pa goes array.
Shapeshift greed and catch em' off guard
  • #14,138
  • Edited 7:55pm Mar 31, 2011 7:26pm | Edited 7:55pm
short 4156 or 50

edit: wanted to say hi to the guys on this thread. i'll try to post when i see a set up similar to what this thread is about. i think sup/dem would be a valuable addition to my toolbox.

thanks

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  • #14,139
  • Mar 31, 2011 7:39pm Mar 31, 2011 7:39pm
http://i52.tinypic.com/53ojki.gif

  • #14,140
  • Mar 31, 2011 7:44pm Mar 31, 2011 7:44pm
Quoting tjfxtrader
http://i52.tinypic.com/53ojki.gif

Surge on Yen volumes...

If yer long, look for profit, if your waiting...time is coming...

I loaded a primary on UJ, watching for Trigg side down on EJ and Dragon...

All 3 sets same.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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