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Price is everything

  • #15,161
  • Apr 8, 2011 9:42am Apr 8, 2011 9:42am
Quoting Trotty
The only low to buy from for quite some time back, it's a Friday afternoon. if it gets there, what else is it really going to do?
Results. Baby relieved of candy.
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  • #15,162
  • Apr 8, 2011 9:45am Apr 8, 2011 9:45am
Quoting bbakker


Me too!

Attachment
Im going to murder you brian...

Attached Image


EDIT:

Bought EU 1.44304 20 pip stop (dont ask about PA its poleing down from the views of it but reaction is to weak for me, willing to give it a shot)
  • #15,163
  • Apr 8, 2011 10:09am Apr 8, 2011 10:09am
Explanation on why i took a long within a flag... kids do not do this at home because 95% of the time you will see another pole down.

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  • #15,164
  • Apr 8, 2011 10:10am Apr 8, 2011 10:10am
Quoting nebuman213
Bought GBP/CHF off demand. Lower time frames seems to be compressing if I understand how to spot compression with the wicks shooting up and bodies still closing down into demand.



http://img156.imageshack.us/img156/5493/euj2.gif

ImageShack.us
Consumption not complete yet? Still wicking up and moving down but not breaking out downwards.

http://img38.imageshack.us/img38/5493/euj2.gif

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  • #15,165
  • Apr 8, 2011 10:20am Apr 8, 2011 10:20am
Kept this scalp open, hoping the false breakout south would trigger a long breakout.

Let's see
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  • #15,166
  • Apr 8, 2011 10:20am Apr 8, 2011 10:20am
long ej to 123.74

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  • #15,167
  • Apr 8, 2011 10:24am Apr 8, 2011 10:24am
Quoting redsword11
Attachment



either scalp or hold - will hold


stopped
  • #15,168
  • Apr 8, 2011 10:24am Apr 8, 2011 10:24am
Quoting nebuman213
Consumption not complete yet? Still wicking up and moving down but not breaking out downwards.

Uploaded with ImageShack.us
I am not so sure... Demand is going to give... we have visited it too many times and consumed the demand here... and none is left!
  • #15,169
  • Apr 8, 2011 10:25am Apr 8, 2011 10:25am
Quoting Ifmyante
Kept this scalp open, hoping the false breakout south would trigger a long breakout.

Let's see
Very well done, as i said eu is in a energy building rectangle, also someitmes called a range, its what happens when buyers are sellers are fighting it out until one side wins, the preceeding pole as i showed on my eg chart suggest move north
  • #15,170
  • Apr 8, 2011 10:28am Apr 8, 2011 10:28am
Quoting Orbital
Very well done, as i said eu is in a energy building rectangle, also someitmes called a range, its what happens when buyers are sellers are fighting it out until one side wins, the preceeding pole as i showed on my eg chart suggest move north
Second long from the bottom of that range.

Just noticed something.... Honoured, trader
  • #15,171
  • Apr 8, 2011 10:32am Apr 8, 2011 10:32am
Quoting nebuman213
Consumption not complete yet? Still wicking up and moving down but not breaking out downwards.



Uploaded with ImageShack.us

Just checked again and it has dropped 30 pips... I hope you had a SL in place because I can't see one.

The more times price visits demand or supply, the more it consumes and eventually it will give. It is like chopping down a tree!

If you look at the GBPCHF hourly chart, we had been there MANY times.

Just to let you know for next time!
  • #15,172
  • Apr 8, 2011 10:33am Apr 8, 2011 10:33am
Quoting attila
long ej to 123.74

Attachment
@BE
  • #15,173
  • Apr 8, 2011 10:34am Apr 8, 2011 10:34am
Quoting bbakker
Just checked again and it has dropped 30 pips... I hope you had a SL in place because I can't see one.

The more times price visits demand or supply, the more it consumes and eventually it will give. It is like chopping down a tree!

If you look at the GBPCHF hourly chart, we had been there MANY times.

Just to let you know for next time!
Ahhh yes I had a manual stop and exited as it broke that bottom. Next time I need to make sure the demand/supply levels are fresh and not chopped the eff up!
  • #15,174
  • Apr 8, 2011 10:37am Apr 8, 2011 10:37am
Let's see
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  • #15,175
  • Apr 8, 2011 10:40am Apr 8, 2011 10:40am
Quoting nebuman213
Ahhh yes I had a manual stop and exited as it broke that bottom. Next time I need to make sure the demand/supply levels are fresh and not chopped the eff up!
Fresh is

Glad you invoked the manual stop! On to the next setup!
  • #15,176
  • Apr 8, 2011 10:44am Apr 8, 2011 10:44am
isn't this compression? i am learning from u guys here. didn't even know the concept but it looks like some of the examples i have seen. i used to call it a rising wedge and it was one of my favorite patterns.

the yellow circle is a failed break. once we break that line we could have a decent pull back.

hapipipin
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dreams do come true.
  • #15,177
  • Apr 8, 2011 10:46am Apr 8, 2011 10:46am
Guys,

there is debate on a likely shut down of the US Government tonight at midnight. If this gets through we should expect a major impact on the USD as well as on the equity markets.


http://www.reuters.com/article/2011/...20906820110408
  • #15,178
  • Apr 8, 2011 10:46am Apr 8, 2011 10:46am
I am out of here! Have a great weekend peeps! Time to relax, take a break, enjoy a drink and for once we can also enjoy the sun this weekend, here in the UK!
  • #15,179
  • Apr 8, 2011 10:48am Apr 8, 2011 10:48am
Quoting jtpada
Guys,

there is debate on a likely shut down of the US Government tonight at midnight. If this gets through we should expect a major impact on the USD as well as on the equity markets.


http://www.reuters.com/article/2011/...20906820110408
I say no major impact... why? History tells us that is not the case!

http://www.kathylien.com/site/us-dol...hutdown-dollar

Have a nice weekend!
  • #15,180
  • Apr 8, 2011 10:51am Apr 8, 2011 10:51am
London's closed. I'm flat.

Thanks for the expert advice this week.

Now to study correlations
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