Price is everything | Page 926 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EIP: Everything In Price (PIE) 16 replies

Everything to Nothing to get Everything? 7 replies

Price Is Everything - Lets Focus on Price and Swings 17 replies

Price is Everything (Long Term and Semi-Auto Edition) 26 replies

Everything You Wanted To Know About Electronic Trading, by Linda Bradford Raschke 0 replies

Attachments: Price is everything
Exit Attachments

Price is everything

  • #18,501
  • May 24, 2011 12:00pm May 24, 2011 12:00pm
Again, people are different, but this is how I do my TPs. I have already taken my 1st TP at a 3:1 Reward:Risk ratio, so this trade is already a winner for me!

I have also put in my other TPs BEFORE the demand levels (Don't be greedy!!!) which I have not drawn on this chart. I have also put a note on the chart with regards to my last TP.

Attached Image (click to enlarge)
Click to Enlarge Name: SLV TPs.png Size: 68 KB


This is how I manage my trades. We all do things differently. Remember, I work full-time, so I cannot view my charts every minute of every day.

Find out what works for you and what you are comfortable with... there is no right or wrong!

Also... See how price extended itself into the supply zone... it became exponential... a sure sign of reversal as all the novices bought right into supply before sellers like myself come in! This is called price exhaustion!
  • #18,502
  • May 24, 2011 1:20pm May 24, 2011 1:20pm
the only reason this trade kept open to this stage, because i had to pop out in bit of a rush.. remembered sl but not tg.. i was hoping to be back a lot earlier.. anyways, still managed to close it with 122

if i was around i don't think even waited for even 50

looking at price as i write this post, looks like i came back just on about right time
Attached Image (click to enlarge)
Click to Enlarge Name: zcrude005.gif Size: 18 KB
  • #18,503
  • May 24, 2011 1:32pm May 24, 2011 1:32pm
Quoting bbakker
Just made a lower low on oil... 96 here we come again... maybe even lower! Take some more off at the 96 demand level and then let your last position run. I generally split my positions into threes.
/QM short at 99.7; profit at 98.59



looking to go short again at the lower high if PA develops



/YI didn't hit my profit target while I was away from the desk. Back in supply zone now.


Oh and the G/J short from earlier +40 pips profit so far.


Thanks for all the tips and pointer from bbakker and ken
  • #18,504
  • May 24, 2011 1:35pm May 24, 2011 1:35pm
Hi Baker,

Can you advise the MA number you used ?


Thanks n Regards,

Quoting bbakker
Attachment

See how price has hit that demand zone... that should be your 1st target... the opposing demand level if short or supply level if long. 200 sma on m15 for confluence and crucially, it has not made a lower low... yet! Therefore, bulls are still in control!

Now wait for price to make a lower high... if it does, you short still looks good, but it doesn't matter because you already took some profit of the table and possible moved to BE. Now if it does make a lower low, switch to a higher timeframe and see how far you can...
  • #18,505
  • May 24, 2011 2:42pm May 24, 2011 2:42pm
Quoting keikor
what do you guys think about this chf long? i am in with 20pips sl under the trendline
I'm looking for a daily chart long, may be good for a 100-150 hit, provided we don't close today under 8786. It's going to be a close one for sure. If you ask me, lower charts look compressed all to hell too.
  • #18,506
  • May 24, 2011 3:05pm May 24, 2011 3:05pm
Quoting pipfirst
Hi Baker,

Can you advise the MA number you used ?


Thanks n Regards,
Black: 8ema
Green: 20ema
Blue: 89 ema
Red: 200sma

200 is the most important through all the timeframes. Magix is the king of MAs and his thread is an excellent source of reading material - http://www.forexfactory.com/showthread.php?t=208103

Well worth a read. Multiple TimeFrame analysis is crucial! I have learned a lot from Magix! Not just MAs, but rollover, back fills and more!
  • #18,507
  • Edited 3:34pm May 24, 2011 3:21pm | Edited 3:34pm
I usually wouldnt take trades like these for obvious reasons, but fuck it, im exhausted, lets see how this plays out.

Attached Image (click to enlarge)
Click to Enlarge Name: crude.png Size: 28 KB


Edit:
Scalped lower for +5, leaving the higher one open.

Stopped
  • #18,508
  • May 24, 2011 4:04pm May 24, 2011 4:04pm
Quoting bbakker
Black: 8ema
Green: 20ema
Blue: 89 ema
Red: 200sma

200 is the most important through all the timeframes. Magix is the king of MAs and his thread is an excellent source of reading material - http://www.forexfactory.com/showthread.php?t=208103

Well worth a read. Multiple TimeFrame analysis is crucial! I have learned a lot from Magix! Not just MAs, but rollover, back fills and more!
Speaking of backfills on the money here B, your charts from earlier seemed spot on...Gotta love having an extra set of eyes around incase something gets overlooked...

H4 chart, and I know there isn't a lot of love for volume in the markets, but ya really gotta wonder if the current area will be defended on EU....
Attached Image (click to enlarge)
Click to Enlarge Name: def.jpg Size: 128 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,509
  • May 24, 2011 4:21pm May 24, 2011 4:21pm
bought slv 36.70
  • #18,510
  • May 24, 2011 5:41pm May 24, 2011 5:41pm
eu box trade is still on...

sold eu @41105 and closed with 15

i suspect Chinese will spoil it
Attached Image
  • #18,511
  • May 24, 2011 5:43pm May 24, 2011 5:43pm
Quoting KennyZ
eu box trade is still on...

sold eu @41105 and closed with 15

i suspect Chinese will spoil it
Daily trend and 5m support...watching for the long trigger here...

Hourly says that you could be holding that bitch for another bottoms test...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,512
  • May 24, 2011 6:25pm May 24, 2011 6:25pm
trying to extract couple of pips in quite hours..

box trade with au

bought au @1.05507.. closed with 8
Attached Image
  • #18,513
  • May 24, 2011 6:30pm May 24, 2011 6:30pm
Quoting Magix
Daily trend and 5m support...watching for the long trigger here...

Hourly says that you could be holding that bitch for another bottoms test...
What do you guys usually do when there are conflicting signals like that? I sometimes struggle with this problem...
  • #18,514
  • May 24, 2011 6:34pm May 24, 2011 6:34pm
Quoting Magix
...
Hourly says that you could be holding that bitch for another bottoms test...
that'd be nize
  • #18,515
  • May 24, 2011 6:35pm May 24, 2011 6:35pm
Quoting biDc
What do you guys usually do when there are conflicting signals like that? I sometimes struggle with this problem...

Best is to go with the higher tf signal
  • #18,516
  • May 24, 2011 7:41pm May 24, 2011 7:41pm
this one was a bit of a risky trade.. bought uj @81.99 with the anticipation of old supply zone turning into demand zone.. with a tight sl

closed with 11
Attached Image
  • #18,517
  • May 24, 2011 7:50pm May 24, 2011 7:50pm
Quoting Venice
I'm looking for a daily chart long, may be good for a 100-150 hit, provided we don't close today under 8786. It's going to be a close one for sure. If you ask me, lower charts look compressed all to hell too.
Anyone else running swissy with me? Right now, targets are #1 8891, #2 8933, #3 8995.
  • #18,518
  • May 24, 2011 8:49pm May 24, 2011 8:49pm
Quick scalp on EUR/USD just now. Took 50% profit at 15pips and letting the rest run with stop at BE+some.

I'm interested in seeing how price will react at the demand zone though. Not sure if it will fall to the one on bottom but thinking about going long at the current demand zone..
Attached Image (click to enlarge)
Click to Enlarge Name: eur121.gif Size: 38 KB
  • #18,519
  • May 24, 2011 8:49pm May 24, 2011 8:49pm
sold @99.20

closed for 40

why sell here? mini trend is down and i couldn't see any demand zone on the left.. as simple as this
Attached Image (click to enlarge)
Click to Enlarge Name: zcrude006.gif Size: 15 KB
  • #18,520
  • May 24, 2011 8:52pm May 24, 2011 8:52pm
Looking for a buy ?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
10 traders viewing now