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Price is everything

  • #16,641
  • Apr 25, 2011 6:51am Apr 25, 2011 6:51am
Quoting mangalesh
killed my 1% of my account
never mind, with good money management you will compensate quickly
  • #16,642
  • Apr 25, 2011 6:53am Apr 25, 2011 6:53am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 57 KB




out, heavy scalp
  • #16,643
  • Apr 25, 2011 6:55am Apr 25, 2011 6:55am
red it looks like u exited on 1:1 ratio . Dont u mind that ? u just see tg ?



Quoting redsword11
Attachment



out, heavy scalp
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #16,644
  • Apr 25, 2011 6:58am Apr 25, 2011 6:58am
Quoting mangalesh
red it looks like u exited on 1:1 ratio . Dont u mind that ? u just see tg ?


the manner in which this junk market is behaving receently, taking most things off the table @ nearest levels for the time begin


every trader has their own plans of exit
  • #16,645
  • Apr 25, 2011 7:02am Apr 25, 2011 7:02am
ok thanks for ur info
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #16,646
  • Apr 25, 2011 7:03am Apr 25, 2011 7:03am
this cable was going good after engulfing, dont know what suddenly happened ..any one know the reason ?


Quoting mangalesh
This rocket candle gonna kill me
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #16,647
  • Apr 25, 2011 7:09am Apr 25, 2011 7:09am
Quoting mangalesh
this cable was going good after engulfing, dont know what suddenly happened ..any one know the reason ?
I'm by far no expert at this like red is, but my explanation would be price just goes from level to level where supply ends up exceeding demand or vice versa...in this case, it went from demand back to supply and straight through that demand because all of it was consumed.

If I were to guess, I would say price would come back and test the bottom side of the green box and attempt to go lower.

http://img64.imageshack.us/img64/5493/euj2.gif
  • #16,648
  • Apr 25, 2011 7:11am Apr 25, 2011 7:11am
mo silver

who the hell is dumping silver..shite
Attached Image (click to enlarge)
Click to Enlarge Name: silver.jpg Size: 119 KB
  • #16,649
  • Apr 25, 2011 7:18am Apr 25, 2011 7:18am
closed the second entry @+14

will still add at lower

Quoting KennyZ
bought uj @82.024 mental sl below 81.50.. i'll add more lower..

edit: added @81.943
Attached Image
  • #16,650
  • Apr 25, 2011 7:19am Apr 25, 2011 7:19am
Quoting mangalesh
this cable was going good after engulfing, dont know what suddenly happened ..any one know the reason ?

maybe this news is the cause
check below!
Attached Image (click to enlarge)
Click to Enlarge Name: 3333.png Size: 3 KB
  • #16,651
  • Apr 25, 2011 7:20am Apr 25, 2011 7:20am
i guess you are right , i did not see the corellation there ..

Corellation Is very important , i realize it now . Correlation indicates supply = demand . So once it becomes supply , at a pull back lots of guys would enter . Thats why it went like a rocket . got the point ..each and every failure makes us to learn a lesson ..




Quoting nebuman213
I'm by far no expert at this like red is, but my explanation would be price just goes from level to level where supply ends up exceeding demand or vice versa...in this case, it went from demand back to supply and straight through that demand because all of it was consumed.

If I were to guess, I would say price would come back and test the bottom side of the green box and attempt to go lower.

http://img64.imageshack.us/img64/5493/euj2.gif
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #16,652
  • Apr 25, 2011 7:29am Apr 25, 2011 7:29am
metals and crude nose diving...

i bought some crude @111.20 for scalping.. no pa confirmation

edit: closed @+22

love these quickies
  • #16,653
  • Apr 25, 2011 7:30am Apr 25, 2011 7:30am
bought aud @ 1.07087 manual 15 - 20 point stop
  • #16,654
  • Apr 25, 2011 7:33am Apr 25, 2011 7:33am
may be closed to early... i see chart showing +38 already

Quoting KennyZ
metals and crude nose diving...

i bought some crude @111.20 for scalping.. no pa confirmation

edit: closed @+22

love these quickies
Attached Image (click to enlarge)
Click to Enlarge Name: oil12.gif Size: 22 KB
  • #16,655
  • Apr 25, 2011 7:57am Apr 25, 2011 7:57am
Quoting redsword11
bought aud @ 1.07087 manual 15 - 20 point stop
very close to stop
  • #16,656
  • Edited 8:16am Apr 25, 2011 8:02am | Edited 8:16am
even though gbp not particularly strong atm, i'll try to scalp this slow one..

bought gchf @1.45263 sl will add just below 1.4500

edit: closed @+6
Attached Image (click to enlarge)
Click to Enlarge Name: gchf002.gif Size: 23 KB
  • #16,657
  • Apr 25, 2011 8:45am Apr 25, 2011 8:45am
trying the gold for few

bought gold @1508.04 just scalping..


edit closed half @+17

sl moved @be
Attached Image (click to enlarge)
Click to Enlarge Name: gold07.gif Size: 24 KB
  • #16,658
  • Apr 25, 2011 8:55am Apr 25, 2011 8:55am
closed remaining half @+23

probably too early.. but i'm fine with it...

Quoting KennyZ
trying the gold for few

bought gold @1508.04 just scalping..


edit closed half @+17

sl moved @be
Attached Image (click to enlarge)
Click to Enlarge Name: gold08.gif Size: 23 KB
  • #16,659
  • Apr 25, 2011 8:57am Apr 25, 2011 8:57am
Quoting redsword11
bought aud @ 1.07087 manual 15 - 20 point stop

Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 49 KB




will re enter - closed for now
  • #16,660
  • Apr 25, 2011 9:02am Apr 25, 2011 9:02am
Quoting Myrza
mo silver

who the hell is dumping silver..shite

closed all with some profit.
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