Price is everything | Page 927 | Forex Factory

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Price is everything

  • #18,521
  • May 24, 2011 8:58pm May 24, 2011 8:58pm
Closed out most of this one...It has just blown through zones like butter.

Still holding a little
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #18,522
  • May 24, 2011 9:16pm May 24, 2011 9:16pm
30m cable, looks like supply is consumed and bulls are stepping in
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  • #18,523
  • May 24, 2011 9:27pm May 24, 2011 9:27pm
Long hope to get a good ride up. Went BE kinda quick.



Out o well
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  • #18,524
  • May 24, 2011 9:41pm May 24, 2011 9:41pm
Quoting biDc
What do you guys usually do when there are conflicting signals like that? I sometimes struggle with this problem...
Watch both charts...

I trade off the 5 keeping the longer tfs in check...

Helps to have a few screens on the go, but easy enough to toggle and really depends on how many pairs you're trading....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,525
  • May 24, 2011 9:42pm May 24, 2011 9:42pm
Quoting KennyZ
that'd be nize
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,526
  • May 24, 2011 9:47pm May 24, 2011 9:47pm
will definitely take 15 silver..
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  • #18,527
  • May 24, 2011 9:48pm May 24, 2011 9:48pm
GU bear

maroon hourly supply above for addition short
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  • #18,528
  • May 24, 2011 9:50pm May 24, 2011 9:50pm
Quoting biDc
What do you guys usually do when there are conflicting signals like that? I sometimes struggle with this problem...
I had a couple of false triggers on the 5...I sort through them using a trend EMA and indicator for trends...I watch for triggers and confirmation..

Sometimes the fast charts will correct the slow charts so hammering the quickies until they make sense with the longer tfs is one strategy you can employ....

My 5m chart. At day roll and at the previous posting, we see triggers to go long and candle changes, but below trend EMA and no X over on trend Indi...

Yeah, I know this is a thread about price action, but maybe I am color blind and don't really see any of that anyways...and maybe red just tolerates my shit because I am easier to deal with that way...who knows?

Price action and indication of direction are up to the trader...go raw or have a little help, the only thing that matters is that you as a trader understand.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,529
  • May 24, 2011 9:50pm May 24, 2011 9:50pm
wheat buy just hit the target..

closed with 50
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  • #18,530
  • May 24, 2011 9:52pm May 24, 2011 9:52pm
Quoting Myrza
GU bear

maroon hourly supply above for addition short
Watching here for the trigger down...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,531
  • May 24, 2011 9:56pm May 24, 2011 9:56pm
Quoting Magix
Watching here for the trigger down...

let it turn
  • #18,532
  • May 24, 2011 10:04pm May 24, 2011 10:04pm
Quoting Myrza
let it turn
Yen pairs playing nicely...

>>Shrugs shoulders<<
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,533
  • May 24, 2011 10:19pm May 24, 2011 10:19pm
eu level watch

m5 overbought... now awaiting m15 overbought.
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  • #18,534
  • May 24, 2011 10:30pm May 24, 2011 10:30pm
Quoting Myrza
eu level watch

m5 overbought... now awaiting m15 overbought.
Yup....

Cable smacking its head on daily roll...EU @ 5m trend...

Could get a turn n burn...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,535
  • May 24, 2011 10:52pm May 24, 2011 10:52pm
Where art thou going crude?

Hourly demand sliced through twice. Will short this heavily if the PA permits
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  • #18,536
  • May 24, 2011 10:59pm May 24, 2011 10:59pm
EJ

a bit hasty entry.
looks like cool rejection of hourly demand.
It is better to wait for a 2 inside out setup for confirmation.
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  • #18,537
  • May 24, 2011 11:26pm May 24, 2011 11:26pm
took this now and take profit hit
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,538
  • May 25, 2011 12:13am May 25, 2011 12:13am
Buyers at bottom?

Perhaps a little retrace in order?

AUDUSD M5
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,539
  • May 25, 2011 12:17am May 25, 2011 12:17am
M5 and M15 zones on crude

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  • #18,540
  • May 25, 2011 12:19am May 25, 2011 12:19am
Gold

H4 fractal rejected twice. Shorting with small lot size and manual sl.
If h1 demand /box is taken on hourly we can start building short.
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