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Price is everything

  • #14,401
  • Apr 3, 2011 6:06pm Apr 3, 2011 6:06pm
Quoting redsword11
just loaded that loony - for RRR sake - giving it a go


all in
Buy Double Bottoms, sell triples...

You should make out like a bandit Mango....

I wouldn't trust much of what I got to say tonight...hand is fawking killing me, so loading up on pain killers washing em down with the beers...


Prolly best I stay sidelines tonight....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,402
  • Apr 3, 2011 6:31pm Apr 3, 2011 6:31pm
Quoting redsword11
bought more @ 0.92493 uptl tested, minor bullish reaction



mental stops around 0.92111 area, will be forced to cut it
Friday at close, I really wanted to go long, but held off starting a new position so late in the day on Friday. Sort of one of my rules, should have maybe just gone in small.... Oh well, I'll get it next time.

Here is my chart with a fork thrown in since we were discussing forks over the weekend. The fork would not have shown itself until end of day Friday, confirmed tonight. I would maybe take a shot if we touch bottom of fork and get bullish price action confirmation if it was still near a demand zone.
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  • #14,403
  • Apr 3, 2011 6:45pm Apr 3, 2011 6:45pm
Quoting Dishwasher
Friday at close, I really wanted to go long, but held off starting a new position so late in the day on Friday. Sort of one of my rules, should have maybe just gone in small.... Oh well, I'll get it next time.

Here is my chart with a fork thrown in since we were discussing forks over the weekend. The fork would not have shown itself until end of day Friday, confirmed tonight. I would maybe take a shot if we touch bottom of fork and get bullish price action confirmation if it was still near a demand zone.
Not trying to tell you how to trade...

But there is a reason I use moving averages and trend EMAs...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,404
  • Apr 3, 2011 6:48pm Apr 3, 2011 6:48pm
Just to be unbiased, here is the chart again with a bearish fork also. Price was halted so far by bearish fork.
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  • #14,405
  • Apr 3, 2011 6:53pm Apr 3, 2011 6:53pm
Quoting Dishwasher
Just to be unbiased, here is the chart again with a bearish fork also. Price was halted so far by bearish fork.

loaded buys stops @ 0.92111
  • #14,406
  • Apr 3, 2011 7:00pm Apr 3, 2011 7:00pm
Quoting Magix
Not trying to tell you how to trade...

But there is a reason I use moving averages and trend EMAs...
I'm here to learn and help others if I can, so you can tell me anything you like or know. I appreciate that.

I've always seen moving averages (for the most part) as subjective as trendlines or channels or forks in general. They can always be tweaked a bit to fit with what you want to see. Which is why I'm kind of drawn to this thread and the idea of using supply and demand zones.

Also, this one very good trader who helped me out early on used to always tell me, "if you trade with MA's, you'll always be late to the party." Right or wrong, that has always stuck with me for some reason.

I have been checking out your charts and have some questions. Would it be okay if I PM you in the next week or so? I don't want to clutter things up here.
  • #14,407
  • Apr 3, 2011 7:51pm Apr 3, 2011 7:51pm
Quoting Dishwasher
I'm here to learn and help others if I can, so you can tell me anything you like or know. I appreciate that.
If it ain't broke, don't fix it....

we should always continue to trade our accounts as we see best, and I will never tell you what you should do, I can only tell you what I do.

Yes, if you have no comprehension of any trading system or style, you will be late to the party, however, if you learn to use moving averages as dynamix, you will almost always be in the right.

It is a game where you get to define your own rules.

Ya just gotta make sure green is brighter than red at the close of the week...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,408
  • Apr 3, 2011 7:56pm Apr 3, 2011 7:56pm
Quoting Magix
Buy Double Bottoms, sell triples...

You should make out like a bandit Mango....

I wouldn't trust much of what I got to say tonight...hand is fawking killing me, so loading up on pain killers washing em down with the beers...


Prolly best I stay sidelines tonight....

bought a double bottom here red...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,409
  • Apr 3, 2011 8:03pm Apr 3, 2011 8:03pm
Quoting Magix
bought a double bottom here red...

not watching it - pissing me off to no end


bullocks to it - sleeping it off for a few hours, later
  • #14,410
  • Apr 3, 2011 8:20pm Apr 3, 2011 8:20pm
USD/CHF in a cluster ,If resolved south,watch 0.9140 area.
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  • #14,411
  • Apr 3, 2011 10:25pm Apr 3, 2011 10:25pm
Missed out on the move all together trying to figure out how to post these pics.
But at first I thought it was a bull flag, then started to think maybe compression. Now I am guessing bull flag. Probably completely off mark.
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Shapeshift greed and catch em' off guard
  • #14,412
  • Apr 3, 2011 10:33pm Apr 3, 2011 10:33pm
I hope this will solve reds problem....if he didnt stop out

EDIT: Did it not engulf enough? Or time will tell........
Regards
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  • #14,413
  • Apr 3, 2011 10:48pm Apr 3, 2011 10:48pm
thx for the chart Orb.

i thought it's worth noting it moved to south almost 400p on a single day - 2010.05.10

Quoting Orbital
Uhh you should really zoom into those candles and that area, drawing a 400 pip box and calling it supply zone is kind of... vague at best.

Ill send you charts in a min

EDIT:

Source of drop and subsequent supply.
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  • #14,414
  • Apr 3, 2011 11:15pm Apr 3, 2011 11:15pm
GU 1.6210 test coming soon.
  • #14,415
  • Apr 3, 2011 11:16pm Apr 3, 2011 11:16pm
h4
usdx with eurx and uj

all i can see is that eurx and uj are in love. will usdx and eurx come closer any time soon... at least for a kiss?

usdx= red-green
eurx= c.blue-orchid
uj= grays
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  • #14,416
  • Apr 3, 2011 11:36pm Apr 3, 2011 11:36pm
M5 and 1HR

Quoting honeybhi
GU 1.6210 test coming soon.
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  • #14,417
  • Apr 3, 2011 11:37pm Apr 3, 2011 11:37pm
Quoting honeybhi
GU 1.6210 test coming soon.

Bounce at 1.6150 to get there?

I JUST GET SO EXCITED TO POST HERE I DONT COVER MY BASES. Looks like it bounced under 15m. Which was your TL. Hee Hee!
  • #14,418
  • Apr 4, 2011 12:44am Apr 4, 2011 12:44am
Quoting redsword11
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
Would love to see a chart(s) if the opportunity arises.

Thx.
Good Trading
  • #14,419
  • Apr 4, 2011 12:49am Apr 4, 2011 12:49am
Quoting redsword11
bought a bucket load of loony stops @ 0.96177

will give it a go without confirming PA near low for RR sake - l have accepted the loss before entry


stopped
  • #14,420
  • Apr 4, 2011 1:01am Apr 4, 2011 1:01am
Quite a few wicks north with nothing to show for it. Yet?
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