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Price is everything

  • #14,321
  • Apr 3, 2011 4:57am Apr 3, 2011 4:57am
Quoting Dishwasher
Just some thoughts on GBP/USD, Red and others - would love your thoughts on it also.

30min chart on Friday - touched the supply zone, and if you are scalping, a short could be taken here.

However, a close up of the price action (2nd chart) looks like supply is being consumed in this area. If we drop here, buying the next demand zone might be the thing to do, if supply is gone in the zone we touched on Friday, it will shoot north to the next supply zone.

We have a strong pole north, shorts should probably be quick and careful here. Any thoughts?...



most recent PA - pole is north, let the supply zones drop it for a buy lower


will only buy it in demand
  • #14,322
  • Apr 3, 2011 4:59am Apr 3, 2011 4:59am
Quoting Ifmyante
I've put the gun away red.

I am now totally at peace with the market.

You've shown me the way to the once very secret money river. I now have no space on me for a weapon - I'm completely covered in buckets!!!



If


nice to hear trader
  • #14,323
  • Apr 3, 2011 5:33am Apr 3, 2011 5:33am
CableH4. Looks like 1.5980 is tried and tested for a buy.
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  • #14,324
  • Apr 3, 2011 5:37am Apr 3, 2011 5:37am
Quoting Decimal
CableH4. Looks like 1.5980 is tried and tested for a buy.

there is alot to be said about that chart - right, that level has been tested often would expect it to give way, but no


it did dip a little lower but the most recent rally, notice - higher low - this level is protected


draw an uptrenline now, its not giving way yet
  • #14,325
  • Apr 3, 2011 5:57am Apr 3, 2011 5:57am
Quoting redsword11
there is alot to be said about that chart - right, that level has been tested often would expect it to give way, but no


it did dip a little lower but the most recent rally, notice - higher low - this level is protected


draw an uptrenline now, its not giving way yet

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  • #14,326
  • Apr 3, 2011 6:25am Apr 3, 2011 6:25am
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as it appears - momentum has increased to the upside, rarely have we seen dollar so weak
  • #14,327
  • Apr 3, 2011 6:55am Apr 3, 2011 6:55am
Quoting redsword11
as it appears - momentum has increased to the upside, rarely have we seen dollar so weak
Bump, run and reversal ?
  • #14,328
  • Apr 3, 2011 7:12am Apr 3, 2011 7:12am
Quoting atton
Bump, run and reversal ?

will see what PA offers us for insight

..... before any trend changes from an uptrend to a potential downtrend - prices have to clear demand, therefore its safer to buy @ demand even if there is a turn near the top


PA for potential turn - compression coupled with bearish div, poles south and for the bearish flags to rise from demand zones and respect the pole
  • #14,329
  • Apr 3, 2011 7:31am Apr 3, 2011 7:31am
Kudos to you Red.. one of the best trader in FF.Love the way you trade without all the bullshits but cant help but noticed that u always sound so pissed on weekend. Trading withdrawal symptoms Red?

I am warning everybody who is reading this..dont mess with Red on saturday and sunday.
  • #14,330
  • Apr 3, 2011 7:42am Apr 3, 2011 7:42am
Quoting Myrza
Kudos to you Red.. one of the best trader in FF.Love the way you trade without all the bullshits but cant help but noticed that u always sound so pissed on weekend. Trading withdrawal symptoms Red?

I am warning everybody who is reading this..dont mess with Red on saturday and sunday.


hello, l was quite @ ease until the junk entered the thread

was busy chatting with my trading colleagues, having a relaxing time ........ then, well you know

silly stuff really, we have developed well here as a team and l really should ignore all these wannabes who come in with their junk - really makes no difference to my accounts what they think or believe - the hardcore here know and they are my friends too


hope you stcik around and feel free to share
  • #14,331
  • Apr 3, 2011 7:44am Apr 3, 2011 7:44am
Quoting redsword11
hello, l was quite @ ease until the junk entered the thread

was busy chatting with my trading colleagues, having a relaxing time ........ then, well you know

silly stuff really, we have developed well here as a team and l really should ignore all these wannabes who come in with their junk - really makes no difference to my accounts what they think or believe - the hardcore here know and they are my friends too


hope you stcik around and feel free to share
Inserted Video



saw your avatar and couldn't help but post this for ya
  • #14,332
  • Apr 3, 2011 7:49am Apr 3, 2011 7:49am
Quoting redsword11
hello, l was quite @ ease until the junk entered the thread

was busy chatting with my trading colleagues, having a relaxing time ........ then, well you know

silly stuff really, we have developed well here as a team and l really should ignore all these wannabes who come in with their junk - really makes no difference to my accounts what they think or believe - the hardcore here know and they are my friends too


hope you stcik around and feel free to share

Yeah I like..but frankly I'd rather stick in the background if you dont mind. the concise info here is golden without all the junks.
  • #14,333
  • Apr 3, 2011 8:07am Apr 3, 2011 8:07am
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will monitor PA for buy - would like to see a clear pole north as confirmation there is still demand present - then buy on retrace but will be ok for scalps if we get some bullish PA
  • #14,334
  • Apr 3, 2011 8:16am Apr 3, 2011 8:16am
Quoting redsword11
Attachment


will monitor PA for buy - would like to see a clear pole north as confirmation there is still demand present - then buy on retrace but will be ok for scalps if we get some bullish PA
this chart is so old what is purpose ?
  • #14,335
  • Apr 3, 2011 8:33am Apr 3, 2011 8:33am
Quoting Ifmyante
I've been in so much shock lately I don't know if you've covered this.
So, apologies if this has been noted before.

If


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  • #14,336
  • Apr 3, 2011 8:35am Apr 3, 2011 8:35am
Quoting adriann
this chart is so old what is purpose ?

you have not grasped the concept of how to chart S/D


... AND I WROTE THE REASONING FOR IT ON THE CHART !
  • #14,337
  • Apr 3, 2011 8:44am Apr 3, 2011 8:44am
Quoting adriann
this chart is so old what is purpose ?
I severely hope you are being sarcastic
  • #14,338
  • Apr 3, 2011 9:26am Apr 3, 2011 9:26am
Quoting redsword11
Attachment
Red

Thanks very much for having shown us these early signs of a turn. I noted it a while back and put it straight into the toolbox

I'm sure I'd be wasting all you guys' time by posting LTF setups.
Having started trading on indicators in M5/M15 and blowing more money than was fair to my family, I still have an irrational fear of these small TFs.
Yes, I know now how the market works, but I'm still looking out for longer TF setups and trading them in a larger TF context, but am beginning to rip it up on the H4, knowing where the next big decision on value will be made.

I'll be moving back to the smaller TFs tomorrow, and although I know that this weekly chart looks exactly the same as an M5, and that I can now trade both just as easily, I'm still a little nervous, and hoping for great results to chase that daemon phobia away.
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  • #14,339
  • Apr 3, 2011 9:36am Apr 3, 2011 9:36am
Already discussed this previously on USDCAD for higher timeframes:

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Will post lower shortly including USDCHF, EU, GU, EG etc
  • #14,340
  • Apr 3, 2011 9:50am Apr 3, 2011 9:50am
That ?

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