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Price is everything

  • #15,881
  • Apr 14, 2011 6:37am Apr 14, 2011 6:37am
i break the rule on sell at resistance.
Attached Image (click to enlarge)
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  • #15,882
  • Apr 14, 2011 6:39am Apr 14, 2011 6:39am
Quoting redsword11
just go through the info here in thread, how you manage your funds in the manner of leverage and risk is not for anyone to say - ITS YOURS SO YOU DECIDE


best regards
Thank you red
  • #15,883
  • Apr 14, 2011 6:50am Apr 14, 2011 6:50am
Got short right at the 2nd hit of that breached trend line into the supply zone and at break of the pin bar.

http://img715.imageshack.us/img715/4540/euj2m.gif

Uploaded with ImageShack.us

Already got stop at BE

Edit: just took at quick +10 because realized the huge pin bars on H1 and hourly close is coming up
  • #15,884
  • Apr 14, 2011 7:00am Apr 14, 2011 7:00am
Quoting nebuman213
Got short right at the 2nd hit of that breached trend line into the supply zone and at break of the pin bar.

http://img715.imageshack.us/img715/4540/euj2m.gif

Uploaded with ImageShack.us

Already got stop at BE

Edit: just took at quick +10 because realized the huge pin bars on H1 and hourly close is coming up

see what you just did, although you have a tl - you looked to the left to reason a sell ..... there it is - you have just confirmed its the price structure on the left that turns price on the right, if you took that tl away the same bearish pa would have developed because of the supply cluster which l also posted on 5min but if you took the price structure on left away it wouldn't have happened regardless of the tl you have on your chart, and the colour or thickness of the trendline wouldn't make any difference either ......
  • #15,885
  • Apr 14, 2011 7:07am Apr 14, 2011 7:07am
Quoting redsword11
see what you just did, although you have a tl - you looked to the left to reason a sell ..... there it is - you have just confirmed its the price structure on the left that turns price on the right, if you took that tl away the same bearish pa would have developed because of the supply cluster which l also posted on 5min but if you took the price structure on left away it wouldn't have happened regardless of the tl you have on your chart, and the colour or thickness of the trendline wouldn't make any difference either ......
Lol...are you sure...I bet if I made the trend line a half inch thick it would be impenetrable...supply and demand make price move so all indicators and lines are useless unless they match up with those levels I supposed.
  • #15,886
  • Apr 14, 2011 7:11am Apr 14, 2011 7:11am
Quoting nebuman213
Lol...are you sure...I bet if I made the trend line a half inch thick it would be impenetrable...supply and demand make price move so all indicators and lines are useless unless they match up with those levels I supposed.

indeed but try flashing pink tls, they make it all turn .......
  • #15,887
  • Apr 14, 2011 7:12am Apr 14, 2011 7:12am
Took a long on EUR/JPY because I am seeing more bull candles than bear candles after the bounce off the demand area and wicks going downwards. Also price is above 120.00 which has proven to be a significant level. I am gonna try and target that upper supply area around 121.00 and see if price action allows me to go short there.

http://img855.imageshack.us/img855/5493/euj2.gif

Edit: I tightened my stop to about half of original right below the last M15 candle close at 119.92 because I think if it gets past that it will hit the current stop I have now anyways.
  • #15,888
  • Apr 14, 2011 7:27am Apr 14, 2011 7:27am
I've been itching to say this but...

http://img856.imageshack.us/img856/5493/euj2.gif


Kaboooomm... ;-)

Edit: closed it for +37 because there is a M15 supply area at 120.40 which coincided with my 265 EMA on M5...just playing it safe and don't wanna give up those pips
  • #15,889
  • Apr 14, 2011 7:36am Apr 14, 2011 7:36am
where on earth is orbital? Did he miss the party again?
  • #15,890
  • Apr 14, 2011 7:40am Apr 14, 2011 7:40am
Quoting Myrza
where on earth is orbital? Did he miss the party again?

shot the fcuker - with live bullets this time



done - moving on
  • #15,891
  • Apr 14, 2011 7:44am Apr 14, 2011 7:44am
Quoting redsword11
shot the fcuker - with live bullets this time



done - moving on
  • #15,892
  • Apr 14, 2011 7:47am Apr 14, 2011 7:47am
Quoting nebuman213
I've been itching to say this but...

Kaboooomm... ;-)

Edit: closed it for +37 because there is a M15 supply area at 120.40 which coincided with my 265 EMA on M5...just playing it safe and don't wanna give up those pips
Beautifull move! Tool the same trade +38. I'm fcuking trading from bed... fcuking flue!! This will blow to 121 at least imho...but under this conditions anything +20 pips ifs profit taking for me.
But we will be crying in 1H when we see those biiig green bars!!
  • #15,893
  • Apr 14, 2011 7:48am Apr 14, 2011 7:48am
Quoting redsword11
shot the fcuker - with live bullets this time



done - moving on
He's an undead boss... u can't defeat the fcuker!! He'll be back soon... The force is strong in that one!!
  • #15,894
  • Apr 14, 2011 7:48am Apr 14, 2011 7:48am
This area on AUD/USD seems valid for a PA watch. However there are a lot of wicks rejecting the area and consuming some supply when it formed if you look at smaller time frames. Price has already retraced from it to form a M15 pin bar.

http://img52.imageshack.us/img52/5493/euj2.gif
  • #15,895
  • Apr 14, 2011 7:52am Apr 14, 2011 7:52am
Quoting maurofx
Beautifull move! Tool the same trade +38. I'm fcuking trading from bed... fcuking flue!! This will blow to 121 at least imho...but under this conditions anything +20 pips ifs profit taking for me.
But we will be crying in 1H when we see those biiig green bars!!
I know what you mean...on the H1 the next stop is 121.00 so it is definitely possible for it to go there pretty quick. In case it doesn't +37 is better than +0 or -11 tho
  • #15,896
  • Apr 14, 2011 7:53am Apr 14, 2011 7:53am
Quoting maurofx
He's an undead boss... u can't defeat the fcuker!! He'll be back soon... The force is strong in that one!!

l'm sure hes dead now, eh, right, if he returns elliot wave everything from 5mins to monthly - that will surely do it


besides - he swears too much, fcuker Orbital, kids might visit the thread, what would they think ? nope, kill him and lets move on
  • #15,897
  • Apr 14, 2011 7:54am Apr 14, 2011 7:54am
Quoting redsword11
shot the fcuker - with live bullets this time



done - moving on

Okay Master Red.
I cant thank you enough. Today has been the best trading day in my life. Never in my wildest dream have I ever caught so much pips in a day. ..400+ pips and counting ..minus 38 pips loss.
Live bullet it is.
  • #15,898
  • Apr 14, 2011 7:58am Apr 14, 2011 7:58am
Quoting Myrza
Okay Master Red.
I cant thank you enough. Today has been the best trading day in my life. Never in my wildest dream have I ever caught so much pips in a day. ..400+ pips and counting ..minus 38 pips loss.
Live bullet it is.

nah - you did it because you have the heart to do it


don't like those icons, bow to nothing other than your maker



ok, back to it, not been active lately, got other issues but will be back soon with the usual stuff, besides the red army have enough talent to blow a hole through your head ..... spill them all, cliff those bastards and collect what they have stolen from you
  • #15,899
  • Apr 14, 2011 8:01am Apr 14, 2011 8:01am
Went ahead and took a short. Not sure if the move up qualifies as compression but it looks like most demand pockets were consumed on the way up so if it moves down might move quick...maybe

http://img850.imageshack.us/img850/5493/euj2.gif
  • #15,900
  • Apr 14, 2011 8:01am Apr 14, 2011 8:01am
Quoting redsword11
nah - you did it because you have the heart to do it


don't like those icons, bow to nothing other than your maker



ok, back to it, not been active lately, got other issues but will be back soon with the usual stuff, besides the red army have enough talent to blow a hole through your head ..... spill them all, cliff those bastards and collect what they have stolen from you

okey dokey
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