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Price is everything

  • #17,961
  • May 12, 2011 9:47am May 12, 2011 9:47am
Quoting frankkn
Damn, forgot about that and just took a trade wonder how long he plans on talking.
My guess is till he is out of things to say.........5 years give or take
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #17,962
  • May 12, 2011 9:48am May 12, 2011 9:48am
Quoting frankkn
Stop to break even at +10
And another at break even, calling it a day. Gotta go sleep work out and study. See you guys tomorrow, hope you all have some great trades
  • #17,963
  • May 12, 2011 10:14am May 12, 2011 10:14am
I just started reading this thread yesterday. I took a short at close of the candle with the arrow above it. Was this a smart trade or have I missed something? I am thinking I should maybe have drawn a lower tl and waited for the break below it perhaps.
Attached Image (click to enlarge)
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  • #17,964
  • May 12, 2011 10:15am May 12, 2011 10:15am
Quoting PhAnTi'
more

Attachment

Attachment
looney approached and reacted immediately
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 44 KB
Hero calls followed by margin calls...
  • #17,965
  • May 12, 2011 10:22am May 12, 2011 10:22am
Quoting PhAnTi'
looney approached and reacted immediately
Attachment

Hi Jonas,

On what criteria would you enter on ?

Trying hard to learn the entry rules...
"The future is already written in the past"
  • #17,966
  • May 12, 2011 10:47am May 12, 2011 10:47am
Quoting hansma
Hi Jonas,

On what criteria would you enter on ?

Trying hard to learn the entry rules...
You're looking for a rejection of where price had been strongly decided in the past to be too cheap or too expensive.

Here's my expln. of it. It works in all TFs

http://www.forexfactory.com/showpost...ostcount=92796
  • #17,967
  • May 12, 2011 11:01am May 12, 2011 11:01am
Quoting hansma
Hi Jonas,

On what criteria would you enter on ?

Trying hard to learn the entry rules...
as you see in the marked box price reflected pretty fast and solid in the past when entered the box.
so i try to sell as high as possible when pa reaches the box and set my stops right above the box.

circled : entry , rectangle : stop zone
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 45 KB


hope this is clear...simple supply sell
Hero calls followed by margin calls...
  • #17,968
  • May 12, 2011 11:02am May 12, 2011 11:02am
Quoting Ifmyante
You're looking for a rejection of where price had been strongly decided in the past to be too cheap or too expensive.

Here's my expln. of it. It works in all TFs

http://www.forexfactory.com/showpost...ostcount=92796
Hero calls followed by margin calls...
  • #17,969
  • May 12, 2011 11:04am May 12, 2011 11:04am
Thank you guys
"The future is already written in the past"
  • #17,970
  • May 12, 2011 11:12am May 12, 2011 11:12am
Quoting Ifmyante
You're looking for a rejection of where price had been strongly decided in the past to be too cheap or too expensive.

Here's my expln. of it. It works in all TFs

http://www.forexfactory.com/showpost...ostcount=92796

What I meant was - what is the trigger set up ? Or are you simply just buying/selling at those areas and take your chances ?
"The future is already written in the past"
  • #17,971
  • May 12, 2011 11:19am May 12, 2011 11:19am
Quoting hansma
what i meant was - what is the trigger set up ? Or are you simply just buying/selling at those areas and take your chances ?


trigger is pa


can prices rally from any demand zone any pair any tf without bullish enguilfing of some manner?


Can prices drop from any supply zone any pair any tf without bearish enguilfing of some manner ?
  • #17,972
  • May 12, 2011 11:23am May 12, 2011 11:23am
Quoting redsword11
trigger is pa


can prices rally from any demand zone any pair any tf without bullish enguilfing of some manner?


Can prices drop from any supply zone any pair any tf without bearish enguilfing of some manner ?
No, trader, I don't believe they can
  • #17,973
  • May 12, 2011 11:31am May 12, 2011 11:31am
Quoting Ifmyante
No, trader, I don't believe they can
Yes they can..gaps (but rare unless trading futures).

Edit: yep 4xs, just being pedantic.
  • #17,974
  • May 12, 2011 11:35am May 12, 2011 11:35am
Quoting Porkpie
Yes they can..gaps (but rare unless trading futures).
The probabilities of engulfing of any sort is way higher than the GAPS.
  • #17,975
  • May 12, 2011 12:48pm May 12, 2011 12:48pm
Is there a 10 pip spread on silver right now ?
"The future is already written in the past"
  • #17,976
  • May 12, 2011 1:40pm May 12, 2011 1:40pm
Hi All,
New to Forex factory. What a great thread you have - I went through most of the posts over the past 2 weeks!

Anybody on silver? I had a look at USDX on H4 and saw the rejection at Resistance. Bought silver at the low but considering to close it now as we've reached demand - just wondering if I shoul't hold it USDX may be going down now. Any Idea ??
  • #17,977
  • Edited 2:36pm May 12, 2011 2:14pm | Edited 2:36pm
Quoting hansma
Is there a 10 pip spread on silver right now ?
Nope... not me.

I am loving silver at the moment... It has been very good to me. Rode it up from daily demand and now I am short again! Here is my chart with comments -

Attached Image (click to enlarge)
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SL is at BE. Also you can see on the chart that it printed a lower high! I will update the chart accordingly!
  • #17,978
  • May 12, 2011 2:25pm May 12, 2011 2:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: SLV_110512_h4.png Size: 47 KB


SLV printed a lower low on h4. I have marked off the h4 supply and demand on this chart. We have now consumed some h4 demand but I do have a daily trendline running through this demand area which we nearly touched. Until the higher timeframes prints a higher low, I will continue to stay bearish on SLV.
  • #17,979
  • May 12, 2011 2:28pm May 12, 2011 2:28pm
Quoting xX-Buck-Xx
Hi All,
New to Forex factory. What a great thread you have - I went through most of the posts over the past 2 weeks!

Anybody on silver? I had a look at USDX on H4 and saw the rejection at Resistance. Bought silver at the low but considering to close it now as we've reached demand - just wondering if I shoul't hold it USDX may be going down now. Any Idea ??
Oh dear... If you are going to use multiple usernames, you should use a different internet connection for each username to avoid detection... LOL

Never saw the point of multiple usernames...
  • #17,980
  • May 12, 2011 3:19pm May 12, 2011 3:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: SLV_110512_m5.png Size: 78 KB


Here is my m5 chart which shows trigger for entry with my explanations as to why I took this SLV short. Entry is the easy bit... now the exit... lol

That's all folks... hope this helps!
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