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Price is everything

  • #18,801
  • Jun 1, 2011 5:35am Jun 1, 2011 5:35am
why do you say that?
  • #18,802
  • Jun 1, 2011 5:50am Jun 1, 2011 5:50am
Simple setup on copper, demand and Pin and smaller reversal signals on m5.

Would like to hold this for a couple of dozen pips... preferably 100-200.
Early entry with no confirmation yet though

Attached Image (click to enlarge)
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  • #18,803
  • Jun 1, 2011 6:13am Jun 1, 2011 6:13am
Thanks for response Orbital,

Attached is a trade on the EurUsd.

I entered after last down candles high was breached. Pleas comment.

Regards
Attached Image (click to enlarge)
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  • #18,804
  • Jun 1, 2011 6:19am Jun 1, 2011 6:19am
This week's gems:

 

  1. The Perception of Loss

  1. Think You Can Buy the Bottom?

  1. I'm a Gann Fan, Part One

  1. What the Dentist Taught Me About Oscillators

Hello.
  • #18,805
  • Jun 1, 2011 7:08am Jun 1, 2011 7:08am
Quoting mt2
Thanks for response Orbital,

Attached is a trade on the EurUsd.

I entered after last down candles high was breached. Pleas comment.

Regards
It was a tough spot to buy, i was talking with kenny and Ifmyante on whether or not they will try to trap buyers or sellers, i was on the long side due to strong demand at 4382 and i said quote:

"Either those fuckers will trap the shorts and force them to exit, causing a surge up, or theyll trap buyers if this fails to engulf and cause a shitstorm downwards"

You would have to buy much earlier in terms of price anticipation, but i think you had some good risk reward in that trade so i understand it I recommend you save that screenshot and analyse it over the weekend on smaller timeframes as well to get a feeling for what happened overall.

Well done though.
  • #18,806
  • Jun 1, 2011 7:38am Jun 1, 2011 7:38am
Thanks for comments on previous GbpUsd trade, not quite sure how I can buy earlier on 15 minute timeframe, other than pure anticpation. When I looked at the 5 min, it was similar. Obviously need more screentime.

Please comment regarding this attached setup.
Attached Image (click to enlarge)
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  • #18,807
  • Jun 1, 2011 11:15am Jun 1, 2011 11:15am
Where is Red gone?
  • #18,808
  • Jun 1, 2011 11:23am Jun 1, 2011 11:23am
Quoting xman
Where is Red gone?
He's busy.
  • #18,809
  • Jun 1, 2011 12:11pm Jun 1, 2011 12:11pm
Quoting mt2
Thanks for comments on previous GbpUsd trade, not quite sure how I can buy earlier on 15 minute timeframe, other than pure anticpation. When I looked at the 5 min, it was similar. Obviously need more screentime.

Please comment regarding this attached setup.

Probably an early entry, but it looks like this is a strong supply zone. Also, a possible reversal doji on the 4H chart.

Personally, I like UJ as it suits my pace of trading and ability to monitor the market. I really like the long term outlook for this pair. I know smart traders that are looking a a move to 100+ in the next year or so. BOJ really has no choice but to devalue, so this will be the weakest major currency over the next several years.

I am watching this and GBP:JPY closely. I expect violent moves higher as BOJ intervenes - when that will happen is any one's guess. But keep in mind that QE2 is due to end this month. Any hint of a tighter Fed could also cause the UJ pair to move quickly.

My $0.02.

Good luck and great thread... I have learned a load lurking here over the past couple days.

a collective thanks to those who challenge and share.

Mario
  • #18,810
  • Edited 3:10pm Jun 1, 2011 12:36pm | Edited 3:10pm
I like this GU development, so many pips on crude today, worth the 30 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 25 KB





I just smashed in an old clock of mine in fury because of what EU is doing... un fucking believeable....

I think im at a point where im seriously considering dropping currency from my trading instruments, especially EU, horrible structure, horrible movement down, fucking ignoring certain structures.. just not worth the hassle...


anyways lets see how this runs.


EDIT:

also long crude 100.30 , about a 60 pip stop, this is a 250 pip swing trade, do not take this if you dont understand the risks or why.

EDIT2:

closed 100.30 with 3 pips, reopened a position at 100.12 to minimize exposure by 18 pips.

EDIT3:

Widened stop on GU by about 10 pips, so SL is at 40 pips total right now. Time for some sleep.
  • #18,811
  • Jun 1, 2011 3:50pm Jun 1, 2011 3:50pm
Quoting mt2
Thanks for comments on previous GbpUsd trade, not quite sure how I can buy earlier on 15 minute timeframe, other than pure anticpation. When I looked at the 5 min, it was similar. Obviously need more screentime.

Please comment regarding this attached setup.
Hello, do you closed your order at lower red zone? This zone means that you should open a buy order ?
  • #18,812
  • Jun 1, 2011 4:11pm Jun 1, 2011 4:11pm
A very long term trade ...hope it goes in my side
Attached Image (click to enlarge)
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,813
  • Jun 1, 2011 4:15pm Jun 1, 2011 4:15pm
stopped out be ...Just missed tp by 15 pips but hit my Breakeven



Quoting mangalesh
sold silver on h1 engulfing , last time when it tested demand zone it spiked and went away to supply . So it shd test lower as red analysis ..lets see how it goes
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,814
  • Jun 1, 2011 5:05pm Jun 1, 2011 5:05pm
GU -40

Done for the day
  • #18,815
  • Jun 1, 2011 5:18pm Jun 1, 2011 5:18pm
EUR/USD trade.
http://www.shrani.si/f/3q/n0/2eZ7sf28/eurusd.gif

Right now little supply is forming due to S2D on the left, i hope its gonna break after the retracement.

happy trading AM
--Be in the NOW or get lost in time.--
  • #18,816
  • Jun 1, 2011 8:25pm Jun 1, 2011 8:25pm
decided to do bit of horizontal sitting on my old couch and fall a sleep.. idea was to rest for an hour or so.. gold trade was running.. didn't put hard tg.. not long ago got up.. 100p tg would have been nice..

anyways, i'll move sl to be+5 or so and let it run it's course..

i need to update my s&d lines on gold chart..
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  • #18,817
  • Jun 1, 2011 8:41pm Jun 1, 2011 8:41pm
another open trade from earlier.. entered in demand zone without pa config.. almost hit the tg..

moved sl to be+20.. lets not turn winning trade to loosing one...
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  • #18,818
  • Jun 1, 2011 9:14pm Jun 1, 2011 9:14pm
took this trade early morning today
Attached Image (click to enlarge)
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,819
  • Jun 1, 2011 9:25pm Jun 1, 2011 9:25pm
i didn't get 100 but 86 will do fine atm..

Quoting KennyZ
decided to do bit of horizontal sitting on my old couch and fall a sleep.. idea was to rest for an hour or so.. gold trade was running.. didn't put hard tg.. not long ago got up.. 100p tg would have been nice..

anyways, i'll move sl to be+5 or so and let it run it's course..

i need to update my s&d lines on gold chart..
Attached Image (click to enlarge)
Click to Enlarge Name: zgold006.gif Size: 18 KB
  • #18,820
  • Jun 1, 2011 10:32pm Jun 1, 2011 10:32pm
this way it's quicker once emene said

closed all for 56
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