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Price is everything

  • #16,241
  • Apr 19, 2011 5:50am Apr 19, 2011 5:50am
Trend line, MA, and supply zone all line up with some bearish price action on the EUJ...seems like a perfect short. No one else seeing what I am?
  • #16,242
  • Apr 19, 2011 5:53am Apr 19, 2011 5:53am
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 13 KB



closed 2/3
  • #16,243
  • Apr 19, 2011 6:00am Apr 19, 2011 6:00am
bought looney 0.9572

stops 0.9545
Hero calls followed by margin calls...
  • #16,244
  • Apr 19, 2011 6:01am Apr 19, 2011 6:01am
Quoting nebuman213
Trend line, MA, and supply zone all line up with some bearish price action on the EUJ...seems like a perfect short. No one else seeing what I am?
I've noticed a combination of all these is a very powerful formula for profitable trades!

I don't see any real demand zones on the way down to yesterdays low that could provide a real turning point north...

http://img59.imageshack.us/img59/5493/euj2.gif

Uploaded with ImageShack.us
  • #16,245
  • Apr 19, 2011 6:03am Apr 19, 2011 6:03am
Quoting PhAnTi'
bought looney 0.9572

stops 0.9545
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 134 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdcad2.jpg Size: 132 KB


late entry... = small units .... target right below yesterdays low
Hero calls followed by margin calls...
  • #16,246
  • Apr 19, 2011 6:05am Apr 19, 2011 6:05am
Quoting nebuman213
I've noticed a combination of all these is a very powerful formula for profitable trades!

I don't see any real demand zones on the way down to yesterdays low that could provide a real turning point north...

http://img59.imageshack.us/img59/5493/euj2.gif

Uploaded with ImageShack.us
how about this one

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Click to Enlarge Name: eurjpy.jpg Size: 120 KB
Hero calls followed by margin calls...
  • #16,247
  • Apr 19, 2011 6:07am Apr 19, 2011 6:07am
Quoting PhAnTi'
how about this one

Attachment

Ahhh I had completely forgotten about that supply/demand and S/R level. Thanks for pointing it out! That could definitely prove to be a roadblock...will look for price action around that area to decide if I should exit or let it ride.
  • #16,248
  • Apr 19, 2011 6:09am Apr 19, 2011 6:09am
nebuman we have same entries on e/j

Hope this 1h engulfing candle will move the pair down


Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 15 KB
  • #16,249
  • Apr 19, 2011 6:09am Apr 19, 2011 6:09am
Quoting nebuman213
Ahhh I had completely forgotten about that supply/demand and S/R level. Thanks for pointing it out! That could definitely prove to be a roadblock...will look for price action around that area to decide if I should exit or let it ride.
Hero calls followed by margin calls...
  • #16,250
  • Apr 19, 2011 6:10am Apr 19, 2011 6:10am
Quoting PhAnTi'
how about this one

Attachment
Sorry

Meant to mention that earlier
  • #16,251
  • Apr 19, 2011 6:13am Apr 19, 2011 6:13am
Quoting atton
nebuman we have same entries on e/j

Hope this 1h engulfing candle will move the pair down


Attachment
Hah yes I noticed! I took my entry a bit premature whereas I'm sure you took your entry on that close of the M15 candle which had a couple of rejection M5s located within it...but in the end we had the same result.

I may look for 115.50 on this short if it keeps continuing with strong bearish momentum like it did during yesterdays US session
  • #16,252
  • Apr 19, 2011 6:13am Apr 19, 2011 6:13am
Quoting Ifmyante
Sorry

Meant to mention that earlier
shame on u !
Hero calls followed by margin calls...
  • #16,253
  • Apr 19, 2011 6:25am Apr 19, 2011 6:25am
Quoting PhAnTi'
shame on u !


Busy gathering pips
  • #16,254
  • Apr 19, 2011 6:30am Apr 19, 2011 6:30am
Quoting Ifmyante
Strong arrival and rejection
The wish
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  • #16,255
  • Apr 19, 2011 6:32am Apr 19, 2011 6:32am
Price rejected that S/R area Phanti mentioned on the M5 frame...I moved my stop right above that cluster that just formed and nicely behind 118.00 in case buyers start to move in.

http://img820.imageshack.us/img820/5493/euj2.gif

Edit: I'm not an expert at head and shoulders formations by far, but I just noticed after I posted that if it moves up to 108.09 area it could complete a head and shoulders pattern on M5?
  • #16,256
  • Apr 19, 2011 6:34am Apr 19, 2011 6:34am
Quoting PhAnTi'
Attachment

Attachment

late entry... = small units .... target right below yesterdays low
will rebuy soon. stops below 9540.

dont call, not a textbook trade : p
Hero calls followed by margin calls...
  • #16,257
  • Apr 19, 2011 6:35am Apr 19, 2011 6:35am
Quoting nebuman213
Price rejected that S/R area Phanti mentioned on the M5 frame...I moved my stop right above that cluster that just formed and nicely behind 118.00 in case buyers start to move in.

http://img820.imageshack.us/img820/5493/euj2.gif

Edit: I'm not an expert at head and shoulders formations by far, but I just noticed after I posted that if it moves up to 108.09 area it could complete a head and shoulders pattern on M5?
yo, marked box neckline
Hero calls followed by margin calls...
  • #16,258
  • Apr 19, 2011 6:38am Apr 19, 2011 6:38am
Quoting nebuman213
Price rejected that S/R area Phanti mentioned on the M5 frame...I moved my stop right above that cluster that just formed and nicely behind 118.00 in case buyers start to move in.

http://img820.imageshack.us/img820/5493/euj2.gif

Edit: I'm not an expert at head and shoulders formations by far, but I just noticed after I posted that if it moves up to 108.09 area it could complete a head and shoulders pattern on M5?
Daily still looking good for shorts
Attached Image (click to enlarge)
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  • #16,259
  • Apr 19, 2011 6:39am Apr 19, 2011 6:39am
Quoting Ifmyante
Daily still looking good for shorts
yo definietly some more space southwards...but who cares ? ^^
Hero calls followed by margin calls...
  • #16,260
  • Apr 19, 2011 7:18am Apr 19, 2011 7:18am
Out of the Euj short with +18
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