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Price is everything

  • #18,461
  • May 24, 2011 5:03am May 24, 2011 5:03am
Quoting mangalesh
can anybody give me a indicator of horizontal lines sound alert system
theres a tool in your mt4 software
Hero calls followed by margin calls...
  • #18,462
  • May 24, 2011 5:28am May 24, 2011 5:28am
well in mt4 there is horizontal tool as well as alert system seperate but i need it combined as a indicator


Quoting PhAnTi'
theres a tool in your mt4 software
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,463
  • May 24, 2011 5:37am May 24, 2011 5:37am
Quoting mangalesh
well in mt4 there is horizontal tool as well as alert system seperate but i need it combined as a indicator
draw a horizontal and set an price alert at the certain price
Hero calls followed by margin calls...
  • #18,464
  • May 24, 2011 5:56am May 24, 2011 5:56am
Here is the hourly chart... go to m5 for price confirmation for the short.

Attached Image (click to enlarge)
Click to Enlarge Name: SLV_110524.png Size: 63 KB


Same for oil, but I have no time for this chart! Busy at work!
  • #18,465
  • May 24, 2011 6:00am May 24, 2011 6:00am
Quoting Pravin
can somebody recommend a good text book for learning and understanding Price Action.
Ermmmm... your charts?

But if you really want to read a book... a good starting point is -

Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader (Wiley Trading)

http://www.amazon.com/Reading-Price-.../ref=pd_cp_b_1
  • #18,466
  • May 24, 2011 6:02am May 24, 2011 6:02am
Quoting emene
High and tight flag on small TF. Consuming the supply you're talking about.

Can't really say as I don't have any access to MT4 from today to next week and maybe more, because I trade from my work office and apparently i'm using a lot of bandwith and it has been observed by the direction.

So, no more charts from my end for a quite long time. And as I don't study week end charts , this probably means no charts for a loooooong time.

But anyway, keep trading supply and demand levels - engulfings...
A very sad day indeed... we will miss your charts!
  • #18,467
  • May 24, 2011 6:05am May 24, 2011 6:05am
Attached Image (click to enlarge)
Click to Enlarge Name: WTI_110524.png Size: 66 KB


Watch those supply levels. I might have to move my SL up to lock in final profit. I have already scaled out of this long!

Notice how oil has stopped and retraced in the last hour because of the speedbump to the left created on the way down!

EDIT: Updated chart to show the speedbump on h1
  • #18,468
  • May 24, 2011 7:30am May 24, 2011 7:30am
Quoting mangalesh
can anybody give me a indicator of horizontal lines sound alert system
Here's one that gives an alarm and popup and optional email when price approaches a line you draw, be it horizontal or diagonal. Just fill in the description of the line as Alert_1
Attached Image (click to enlarge)
Click to Enlarge Name: alerter.jpg Size: 90 KB
Attached File(s)
File Type: ex4 Alerter.ex4   4 KB | 430 downloads
File Type: mq4 Alerter.mq4   3 KB | 505 downloads
  • #18,469
  • May 24, 2011 8:04am May 24, 2011 8:04am
took this trade on h4 chart sometime ago today..

was expecting bit more move.. didn't so closed at dt for +46
Attached Image (click to enlarge)
Click to Enlarge Name: zngas_001.gif Size: 16 KB
  • #18,470
  • May 24, 2011 8:12am May 24, 2011 8:12am
Quoting bbakker
Attachment

Watch those supply levels. I might have to move my SL up to lock in final profit. I have already scaled out of this long!

Notice how oil has stopped and retraced in the last hour because of the speedbump to the left created on the way down!

EDIT: Updated chart to show the speedbump on h1
Target reached... still looking to short SLV, GLD and Oil... Waiting for price confirmation! I will probably select just one of those 3. Price might go to the extremes of the supply zones on SLV and GLD. Keep an eye out on ES and EU too! EU target for a short is 1.4157, which is also a target for my intraday long. SL at BE and currently 40 pips up (50% scaled out now at this interimn supply which I don't think will hold!)
  • #18,471
  • May 24, 2011 8:19am May 24, 2011 8:19am
closed some more trades

box trade on eu and gold.. i did few in both ways on eu today.. love boxing 'm where i can.. eu total on these two trade +53
gold total +41
Attached Image (click to enlarge)
Click to Enlarge Name: zgold001.gif Size: 18 KB
Attached Image
  • #18,472
  • May 24, 2011 8:29am May 24, 2011 8:29am
another quick box trade for +16
Attached Image
  • #18,473
  • May 24, 2011 8:42am May 24, 2011 8:42am
Quoting KennyZ
closed some more trades

box trade on eu and gold.. i did few in both ways on eu today.. love boxing 'm where i can.. eu total on these two trade +53
gold total +41
Nice going K!
  • #18,474
  • May 24, 2011 8:51am May 24, 2011 8:51am
missed this one...

Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 39 KB
Hero calls followed by margin calls...
  • #18,475
  • May 24, 2011 8:55am May 24, 2011 8:55am
as well this one.... -.-

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 39 KB
Hero calls followed by margin calls...
  • #18,476
  • May 24, 2011 8:59am May 24, 2011 8:59am
bit late entry but it still gave a quick 38

no box here yet..

gold box broken.. last gold sale closed with -7
Attached Image (click to enlarge)
Click to Enlarge Name: zcrude003.gif Size: 17 KB
  • #18,477
  • May 24, 2011 9:03am May 24, 2011 9:03am
again late entry.. it gave 12 silver..
Attached Image
  • #18,478
  • May 24, 2011 9:04am May 24, 2011 9:04am
Quoting PhAnTi'
as well this one.... -.-

Attachment

Maybe you should set some "ALERTS"
"The future is already written in the past"
  • #18,479
  • May 24, 2011 9:08am May 24, 2011 9:08am
Quoting hansma
Maybe you should set some "ALERTS"
hell yeah
Hero calls followed by margin calls...
  • #18,480
  • May 24, 2011 9:10am May 24, 2011 9:10am
Here's a breakout trade I took that was stopped out at. I made an analysis of what I did wrong and was hoping you pros can chime in on it too

Note to self: Trade retracements of breakout NOT BREAKOUTS ITSELF

http://www.hotstockmarket.com/image/...t/500/flags/LL
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