Price is everything | Page 932 | 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

  • #18,621
  • May 26, 2011 6:30pm May 26, 2011 6:30pm
Quoting bbakker
I do like this as a swing trade. Text book entry into supply. Daily too, so plenty of time to find a nice entry
Happy to have taken 20 pips off it for now

As you say - lots of time to get in again
  • #18,622
  • May 26, 2011 6:32pm May 26, 2011 6:32pm
Quoting Ifmyante
Double top in supply with divergence

Kiwi is a real git to trade though
Well we are in clear uptrend and this level has been visited before therefor this might not be a good idea to short without confirmation from lover tf. Just my point of view.
  • #18,623
  • May 26, 2011 6:55pm May 26, 2011 6:55pm
Has the last few candles in the H4 of kiwi be considered as a compression top?
  • #18,624
  • May 26, 2011 7:29pm May 26, 2011 7:29pm
I have taken the short when I saw weakness. It broke the m5 200ma support with some nice momentum bars. It failed to create a new higher high and now I need it to go and make a lower low below 0.8065. I am using a 20 pip SL on this one... I hope Welly and Asia are selling NZD and buying lots of dollars tonight... LOL

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD_M15.png Size: 58 KB


Off to bed now... I hope I wake up to a nice surprise. If not... oh well, you can't get them all right!
  • #18,625
  • May 26, 2011 8:00pm May 26, 2011 8:00pm
bought crude after engulf on m15.. almost reached the initial target

edit: looked running out steam.. closed with 26
Attached Image
  • #18,626
  • May 26, 2011 9:34pm May 26, 2011 9:34pm
sold silver on hitting my supply line without pa config but with tight sl

closed on hitting 200 EMA with 28 silver..

may sell it again on retrace if and when it does depending on pa
Attached Image
  • #18,627
  • May 26, 2011 9:53pm May 26, 2011 9:53pm
here is currently loosing trade..

this is the second uj trade, bought uj on hitting my demand line.. could only get 11 from it.. bought again on second test but currently doesn't look as a winner.. sl is 18p

entries without pa config are riskier

tg is mental as it is a scalp
Attached Image
  • #18,628
  • May 26, 2011 10:34pm May 26, 2011 10:34pm
stopped with -18

Quoting KennyZ
here is currently loosing trade..

this is the second uj trade, bought uj on hitting my demand line.. could only get 11 from it.. bought again on second test but currently doesn't look as a winner.. sl is 18p

entries without pa config are riskier

tg is mental as it is a scalp
  • #18,629
  • May 26, 2011 11:31pm May 26, 2011 11:31pm
bought silver on momentum break out bar

closed with 17 silver as hitting 38.19 supply line

however, on previous silver trade i entered sell - highlighted with yellow ellipse got out with 7 silver loss..

as typing this my silver sale is going ok.. just closed with another 12 silver.. will post after this one...
Attached Image
  • #18,630
  • May 26, 2011 11:38pm May 26, 2011 11:38pm
just after closing the slv buy i sold it on decent rejection.. it gave quick 12 silver..

my eu sell doing ok atm too.. it's @+22.. may be i'll close it..
Attached Image
  • #18,631
  • May 26, 2011 11:44pm May 26, 2011 11:44pm
instead of closing i moved sl to be+5

don't want to turn winning trade into looser and same time just in case retracement goes bit more deeper..
Attached Image
  • #18,632
  • Edited 2:40am May 27, 2011 1:45am | Edited 2:40am
Quoting bbakker
I have taken the short when I saw weakness. It broke the m5 200ma support with some nice momentum bars. It failed to create a new higher high and now I need it to go and make a lower low below 0.8065. I am using a 20 pip SL on this one... I hope Welly and Asia are selling NZD and buying lots of dollars tonight... LOL

Attachment

Off to bed now... I hope I wake up to a nice surprise. If not... oh well, you can't get them all right!
Nope...stopped out! Watch the extreme of the zone. Asia are kicking the dollar at the moment...

Moody’s downgrades NZ banks by one notch
http://www.forexfactory.com/news.php?do=news&id=296009

The comment is quite funny - "Buying NZD is as ridiculous as buying EUR. One comes from non-existing economy and other from non-working economy..."

He forgot to add that one economy is printing money like there is no tomorrow. I think markets are beginning to price in the possibility of QE3... it is the only reason I can come up with that is causing dollar weakness this week... discuss!

P.S. Watch out for the stop hunters. You could wait for weakness on the daily timeframe and then get in on the retrace!
  • #18,633
  • May 27, 2011 2:48am May 27, 2011 2:48am
Cad trying to hold

Eur struggling on this downward channel

Aud and Gbp may look for slight retrace
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-05-27_034326.jpg Size: 97 KB
Click to Enlarge Name: 2011-05-27_034438.jpg Size: 86 KB
Click to Enlarge Name: 2011-05-27_034601.jpg Size: 97 KB
Click to Enlarge Name: 2011-05-27_034720.jpg Size: 87 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #18,634
  • May 27, 2011 3:24am May 27, 2011 3:24am
AUD fakeout and breakout?
Attached Image (click to enlarge)
Click to Enlarge Name: a.jpg Size: 98 KB
  • #18,635
  • May 27, 2011 3:34am May 27, 2011 3:34am
Quoting Ifmyante
AUD fakeout and breakout?
Exactly I am thinking there may be a bigger pullback but could continue rising. I like your charts clear to see. Hopefully mine arent too confusing
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #18,636
  • May 27, 2011 3:53am May 27, 2011 3:53am
Quoting eaglestar
Exactly I am thinking there may be a bigger pullback but could continue rising. I like your charts clear to see. Hopefully mine arent too confusing
No, your charts are clear as day. You see what we should all be seeing.

EU flag break BTW
Attached Image (click to enlarge)
Click to Enlarge Name: a.jpg Size: 78 KB
  • #18,637
  • May 27, 2011 4:31am May 27, 2011 4:31am
Quoting Ifmyante
No, your charts are clear as day. You see what we should all be seeing.

EU flag break BTW
Will this be a $ correction day? I mean we have had dollar weakness all week and Freaky Fridays can be spectacular! I followed you on EU and GU but not NZDUSD!

I got in late to work as I was at my daughter's primary school this morning (parents morning) dancercising (don't ask) and my entry is a little lower than yours... let's see what happens... I am keeping a close eye on it!
  • #18,638
  • May 27, 2011 4:40am May 27, 2011 4:40am
Quoting bbakker
Will this be a $ correction day? I mean we have had dollar weakness all week and Freaky Fridays can be spectacular! I followed you on EU and GU but not NZDUSD!

I got in late to work as I was at my daughter's primary school this morning (parents morning) dancercising (don't ask) and my entry is a little lower than yours... let's see what happens!
well nzdx had a pretty strong week. if kiwi closes weekly above 8120 we will see way higher highs next week

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 36 KB
Hero calls followed by margin calls...
  • #18,639
  • May 27, 2011 5:00am May 27, 2011 5:00am
Quoting PhAnTi'
well nzdx had a pretty strong week. if kiwi closes weekly above 8120 we will see way higher highs next week

Attachment
I draw my supply level to include those wicks... afterall, price has been there!
  • #18,640
  • May 27, 2011 5:05am May 27, 2011 5:05am
Quoting bbakker
I draw my supply level to include those wicks... afterall, price has been there!
i agree , ranges work far better than certain/single levels, but we need a level where a close below/above will be bearish/bullish.

on smaller tfs i also use to work with supply/demand ranges.
ofc.

jonas
Hero calls followed by margin calls...
7 traders viewing now