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Price is everything

  • #14,461
  • Apr 4, 2011 9:40am Apr 4, 2011 9:40am
buy Au. rejection of demand area. thanks for the head up Orbital. Looks like gold is also going to blow it's top
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  • #14,462
  • Apr 4, 2011 10:04am Apr 4, 2011 10:04am
Quoting T@rantula
Haha thanx mate....
hey T, i'm too hanging out here, and for more e/u... the other place.
  • #14,463
  • Apr 4, 2011 10:15am Apr 4, 2011 10:15am
good evening red army,

newbie here,..need your opinion on GU..:nerd:
should i hold my long or...?
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Revenge of Scalper
  • #14,464
  • Apr 4, 2011 10:25am Apr 4, 2011 10:25am
Quoting redsword11
Attachment



an example of point 5


......... awaiting add

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kaboom


....... pin was misleading - prices broke its top to rebound from horizontal lower, pin then got enguilfed south therefore it was consumption of demand for prices to test demand lower ....... not a pretty sight

couldn't get add, rough PA, RR reduced - moved to BE closed most
  • #14,465
  • Apr 4, 2011 10:27am Apr 4, 2011 10:27am
Quoting attila
hey T, i'm too hanging out here, and for more e/u... the other place.


most welcome


lets trade ..........
  • #14,466
  • Apr 4, 2011 10:35am Apr 4, 2011 10:35am
Quoting justinforex
hi Red,

A question.. How you defined the trend?

Used HH LH LH LL or trend line?

If convenient can post a sample?

And, trade only demand for uptrend and trade only supply for downtrend?

Thank You

Justin

to define trend - an uptrend is where buyers exceed seller @ demand zones, therefore it creates higher lows FROM demand zones and thats how prices create uptrendlines - so it follows that we should only buy @ demand zones and its the demand zones that create the higher lows ..........


unptrend can also be desrcibed by momentum - inotherwords - poles are north with bullflags throughout the various tfs
  • #14,467
  • Apr 4, 2011 10:35am Apr 4, 2011 10:35am
hi red,

can give some comment about my trade?.

Thank You

Attached Image (click to enlarge)
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Today's You was Your previously Thought.
  • #14,468
  • Apr 4, 2011 10:38am Apr 4, 2011 10:38am
Quoting redsword11
to define trend - an uptrend is where buyers exceed seller @ demand zones, therefore it creates higher lows FROM demand zones and thats how prices create uptrendlines - so it follows that we should only buy @ demand zones and its the demand zones that create the higher lows ..........


unptrend can also be desrcibed by momentum - inotherwords - poles are north with bullflags throughout the various tfs
Cleared.

Thank You
Today's You was Your previously Thought.
  • #14,469
  • Apr 4, 2011 10:38am Apr 4, 2011 10:38am
e/u m15. waiting for reaction. could go lower.

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  • #14,470
  • Apr 4, 2011 10:43am Apr 4, 2011 10:43am
Quoting Myrza
buy Au. rejection of demand area. thanks for the head up Orbital. Looks like gold is also going to blow it's top

out -6. this is going down some more. looking for better entry
  • #14,471
  • Apr 4, 2011 10:45am Apr 4, 2011 10:45am
Quoting justinforex
hi red,

can give some comment about my trade?.

Thank You

Attachment
Sorry I'm not Red

But my (very) simplistic view is that you traded into an H&S

Best

If
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  • #14,472
  • Apr 4, 2011 10:46am Apr 4, 2011 10:46am
Demand zone in blue rectangle. It was also on wave 4 down, it is now going up to wave 5.
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  • #14,473
  • Apr 4, 2011 10:56am Apr 4, 2011 10:56am
I'm missing so many setups, it's time I put a price close alarm on.

For anyone in the same boat, I've attached an indi I'll be using alot
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 Price Close Alert.ex4   2 KB | 553 downloads
  • #14,474
  • Apr 4, 2011 10:58am Apr 4, 2011 10:58am
bought cable @ 1.61199 stops @ 1.61003
  • #14,475
  • Apr 4, 2011 10:59am Apr 4, 2011 10:59am
went long e/u at 4117 tg 34
  • #14,476
  • Apr 4, 2011 10:59am Apr 4, 2011 10:59am
Quoting Ifmyante
Sorry I'm not Red

But my (very) simplistic view is that you traded into an H&S

Best

If
Thanks for your comment.
Today's You was Your previously Thought.
  • #14,477
  • Apr 4, 2011 11:05am Apr 4, 2011 11:05am
Quoting justinforex
hi Red,

A question.. How you defined the trend?

Used HH LH LH LL or trend line?

If convenient can post a sample?

And, trade only demand for uptrend and trade only supply for downtrend?

Thank You

Justin
i think draw a trendline or channel can define a trend.example eu is still in uptrend channel.
Attached Image (click to enlarge)
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Gold Expedition Return This Year: -16.4%
  • #14,478
  • Apr 4, 2011 11:11am Apr 4, 2011 11:11am
Quoting redsword11
bought cable @ 1.61199 stops @ 1.61003


tg 1.61555


sorry no charts - many postions open, need to focus
  • #14,479
  • Apr 4, 2011 11:12am Apr 4, 2011 11:12am
Quoting attila
went long e/u at 4117 tg 34
closed early at daily roll
  • #14,480
  • Apr 4, 2011 11:17am Apr 4, 2011 11:17am
sold e/u will bail quickly. tg 4200

edit: bailed
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