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Romancing the Price

  • #81
  • Apr 16, 2011 1:58pm Apr 16, 2011 1:58pm
thangs according to Abe n Amos...
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  • #82
  • Apr 16, 2011 6:14pm Apr 16, 2011 6:14pm
There are many chart patterns to explore. I’m mostly interested in reversal patterns so that it may possibly help me to see where the big buyers and sellers are sitting. However, this doesn’t mean we should ignore continuation patterns.

Wedges are one of those patterns that depending their slant and type of trend they appear in they may indicate reversal or continuation.

There are two types of wedges: Rising (ascending) Wedge and Falling (descending) Wedge. They may appear in a uptrend or downtrend.

Wedges may look like symmetrical triangle but they have one distinct feature; wedges are always slanted up or down.
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  • #83
  • Apr 16, 2011 8:06pm Apr 16, 2011 8:06pm
Wall Street Fighter 4

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  • #84
  • Apr 16, 2011 8:14pm Apr 16, 2011 8:14pm
be nice to your fellow traders... or...

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  • #85
  • Apr 16, 2011 10:28pm Apr 16, 2011 10:28pm
Daily and weekly TF is best to scan for big move reversal. S/D is no fluke. It is where the the smart money line up their orders.
It is obvious, in an up trend; the market like to test previous supply zones and the previous demand zones in a down trend. I find them very consistent and offers a very2 good risk to reward ratio.
For nomenclature purpose we name them
a) supply (in)to demand (S2D)- or resistance turns into support
b)demand (in)to supply (D2S)- or support turns into resistance
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  • #86
  • Apr 17, 2011 4:32am Apr 17, 2011 4:32am
Quoting KennyZ
be nice to your fellow traders... or...

http://www.youtube.com/watch?v=ALn0GBkM_5c
Don't aggrevate the bears!!
  • #87
  • Apr 17, 2011 6:52am Apr 17, 2011 6:52am
thanks a lot Myrza.. nice one.

i like to think support n demand zones as moving targets due to markets heavy speculative nature..

imagine these type of price moves happening in our local stores and wholesalers.. i think we'd have a serious public disorder... riots and so on..

i've added some comments to one of your chart.. i hope you don't mind..


Quoting Myrza
Daily and weekly TF is best to scan for big move reversal. S/D is no fluke. It is where the the smart money line up their orders....
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  • #88
  • Apr 17, 2011 6:57am Apr 17, 2011 6:57am
when you have a loosing trade, instead of damaging your keyboard and monitor you may try this...

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  • #89
  • Apr 17, 2011 9:28am Apr 17, 2011 9:28am
Quoting KennyZ
thanks a lot Myrza.. nice one.

i like to think support n demand zones as moving targets due to markets heavy speculative nature..

imagine these type of price moves happening in our local stores and wholesalers.. i think we'd have a serious public disorder... riots and so on..

i've added some comments to one of your chart.. i hope you don't mind..

Hey Ken, That is a good addition to the chart. Do what you have to do
  • #90
  • Apr 17, 2011 9:59am Apr 17, 2011 9:59am
Quoting KennyZ
There are many chart patterns to explore. I’m mostly interested in reversal patterns so that it may possibly help me to see where the big buyers and sellers are sitting. However, this doesn’t mean we should ignore continuation patterns.

Wedges are one of those patterns that depending their slant and type of trend they appear in they may indicate reversal or continuation.

There are two types of wedges: Rising (ascending) Wedge and Falling (descending) Wedge. They may appear in a uptrend or downtrend.

Wedges may look like symmetrical triangle but...
nice.This is also called compression by RED.compression can be wedge,pennant,flag or triangle.
Gold Expedition Return This Year: -16.4%
  • #91
  • Apr 17, 2011 10:17am Apr 17, 2011 10:17am
Quoting budak baru
nice.This is also called compression by RED.compression can be wedge,pennant,flag or triangle.

No, he does not. He calls them fcuking
  • #92
  • Apr 18, 2011 8:49am Apr 18, 2011 8:49am
Missed this beautiful PA waiting on fibre.

Could someone please tell my missus that having more than 1 screen would be a good thing?

If
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  • #93
  • Apr 18, 2011 9:37am Apr 18, 2011 9:37am
me too IF, but i got few on the way down...

while i know about news BS, i didn't have the balls to sell gold and silver..


Quoting Ifmyante
Missed this beautiful PA waiting on fibre.

Could someone please tell my missus that having more than 1 screen would be a good thing?

If
  • #94
  • Apr 18, 2011 11:14am Apr 18, 2011 11:14am
by the time i come back from my short break, i was hoping my gj long trade would have reached it's target.. but no luck.. it doesn't look very promising atm..

since i moved sl @be+1.. i think i'll let it run until hit the target, stop or get bored wit it.

apologies.. couldn't post it earlier (just after taking the trade) as i was concentrated on my eu scalp trade..
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  • #95
  • Apr 18, 2011 11:40am Apr 18, 2011 11:40am
damn.. i made a mistake.. i intended to post this on RED's "Price is Everything" thread..

anyhow, closed half @+51p left remaining half to run it's course..

been over trading today.. this is the last one.. perhaps.

Quoting KennyZ
by the time i come back from my short break, i was hoping my gj long trade would have reached it's target.. but no luck.. it doesn't look very promising atm..

since i moved sl @be+1.. i think i'll let it run until hit the target, stop or get bored wit it.

apologies.. couldn't post it earlier (just after taking the trade) as i was concentrated on my eu scalp trade..
  • #96
  • Apr 18, 2011 12:42pm Apr 18, 2011 12:42pm
closing remaining half with @+50p.

quite time of the market.. end of today's trading....


Quoting KennyZ
damn.. i made a mistake.. i intended to post this on RED's "Price is Everything" thread..

anyhow, closed half @+51p left remaining half to run it's course..

been over trading today.. this is the last one.. perhaps.
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  • #97
  • Apr 18, 2011 2:09pm Apr 18, 2011 2:09pm
finally..

Quoting KennyZ
.. end of today's trading....
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  • #98
  • Apr 18, 2011 5:08pm Apr 18, 2011 5:08pm
this may be the one to get kids away from computers...

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  • #99
  • Apr 18, 2011 5:12pm Apr 18, 2011 5:12pm
pissed off trader..

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  • #100
  • Apr 18, 2011 5:14pm Apr 18, 2011 5:14pm
for the interview.. for those who may be having one soon

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