Price is everything | Page 943 | Forex Factory

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Price is everything

  • #18,841
  • Jun 2, 2011 11:20am Jun 2, 2011 11:20am
hello just finished sam seiden's latest webinars.
he pointed out strong demand level eur/usd, i thought i could share.

http://www.shrani.si/f/2s/6P/2SOuWNB6/kk.png
happy trading
--Be in the NOW or get lost in time.--
  • #18,842
  • Jun 2, 2011 11:46am Jun 2, 2011 11:46am
Quoting frankkn
On shit days it's good to know at least I'm not the only one looking at these levels

After I finish eliminating risk on these trades (if I can) I'm done for the day, last day of classes ever
You will realize very quickly that you will be looking at the same zones as many other traders in here really depending on your willingness to take risks really.

Last day of classes? Congratulations, i still have a year left on university =/
  • #18,843
  • Jun 2, 2011 12:01pm Jun 2, 2011 12:01pm
Larger TF setup on EU today. I completely missed it, only saw it in retrospective, was busy trading 10yr notes

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  • #18,844
  • Jun 2, 2011 12:13pm Jun 2, 2011 12:13pm
Call it a day. Closed them both. The first trade actually is on a demo acc

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  • #18,845
  • Jun 2, 2011 12:17pm Jun 2, 2011 12:17pm
Simple With-Trend setup on Loonie

And I mean SIMPLE
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  • #18,846
  • Jun 2, 2011 12:39pm Jun 2, 2011 12:39pm
Quoting Orbital
Larger TF setup on EU today. I completely missed it, only saw it in retrospective, was busy trading 10yr notes

Attachment
Grabbed 4x risk on, ended up not a shit day after all. Entered on the close of the engulfing.

Quote
Congratulations

Thanks
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  • #18,847
  • Jun 2, 2011 12:43pm Jun 2, 2011 12:43pm
Quoting frankkn
Didn't hold on to the next one. Took a small pin at that level and lost 5 pips, I'd trailed my stop up nearly to BE.
Grabbed 3x risk on this one
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  • #18,848
  • Jun 2, 2011 1:31pm Jun 2, 2011 1:31pm
Quoting frankkn
Grabbed 3x risk on this one
I took exactly the same trade but I unfortunetly closed my position earlier.
  • #18,849
  • Jun 2, 2011 1:50pm Jun 2, 2011 1:50pm
Hi everyone, haven't been trading much the past week with the USA holiday bullshit price action.

Got this free trade going now. Short EUR/AUD, stops at break even now.
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  • #18,850
  • Jun 2, 2011 2:02pm Jun 2, 2011 2:02pm
Very strange drop on EU... looking like a bearflag into supply =/

I'm gonna take a shower now and get some sleep =/ Have fun guys

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  • #18,851
  • Jun 2, 2011 2:13pm Jun 2, 2011 2:13pm
Camping up there in the supply zone for this one

http://www.hotstockmarket.com/image/...t/500/flags/LL
  • #18,852
  • Jun 2, 2011 2:37pm Jun 2, 2011 2:37pm
Today might close with a bullish PB in demand zone. I have buy stop above the break of PB.
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  • #18,853
  • Jun 2, 2011 3:09pm Jun 2, 2011 3:09pm
"Its only a flag until it isn't - Redsword"

Ill be honest, it would be interesting to see if this drops, Structurally im a little bit confused and annoyed at currencies but oh well....

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  • #18,854
  • Jun 2, 2011 4:12pm Jun 2, 2011 4:12pm
bought eu on the reverse of that bs spike down..

i didn't think it was going to form a bear flag anytime soon after that bs move.. if the move south was orderly i'd have given consideration of being bear flag..

closed with 28

need some rest..

edit: look at far left and notice where that bs spike stopped..
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  • #18,855
  • Jun 2, 2011 4:39pm Jun 2, 2011 4:39pm
nice price action set up on bothe aud/usd and gbp/usd. trades are long and i know NFP will confirm it. Also gold is giving a long signal we can profit from...Find precise entries on my journal. i'm rushing out.

follow my signals on my journal
http://www.forexfactory.com/showthre...254704&page=32

cheers
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  • #18,856
  • Jun 2, 2011 5:54pm Jun 2, 2011 5:54pm
Quoting dailyking
BLA BLA BLA BLA READ MY JOURNAL BLA BLA BLA BLA

For the love of god stop advertising your journal in here, you either have something valuable to contribute to this thread or not. In case you don't (and i have yet to see you post actual real charts with entries and follow through charts) please leave your comments where they belong, in your Journal thread.
In case you do have something to share, fine, leave a chart in here, the rest will either find use for it or they won't.
  • #18,857
  • Jun 2, 2011 5:59pm Jun 2, 2011 5:59pm
Quoting Orbital
For the love of god stop advertising your journal in here, you either have something valuable to contribute to this thread or not. In case you don't (and i have yet to see you post actual real charts with entries and follow through charts) please leave your comments where they belong, in your Journal thread.
In case you do have something to share, fine, leave a chart in here, the rest will either find use for it or they won't.
so true.

clown party.
Hero calls followed by margin calls...
  • #18,858
  • Jun 2, 2011 6:50pm Jun 2, 2011 6:50pm
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Supply did hold albeit only weakish... I have discussed these situations with red and others countless times... probably more than i would like to admit.

There are a couple of valuable lessons that can be learned from watching this chart.

1) Don't force the market, let it come to you like a drunken 17 year old girl in a club who is dressed way to slutty.

2) Many zones does not equal a lot of trading opportunity for scalping. Out of all these zones only two of them would provide a valid 10-15 pip movement or more assuming you pinpoint the entry. The Lower two are the most valid given their price structure. the upper two would easily be broken by anyone with a couple dozen million at hand trying to force the market

3) Given that its NFP day and NFP week and asia has been known to purchase a metric shitton of European debt, making sure the Euro moves up i would not be to keen on shorting, so despite me posting 2 possible flags, i took none of them, not even for scalps

4) If you don't see trading opportunities... go and look at another chart. Minimizing your risk and exposure sometimes requires you to let certain opportunities slide.

Will be back tommorow and over the weekend with some more info and chart setups.
  • #18,859
  • Jun 2, 2011 6:57pm Jun 2, 2011 6:57pm
Quoting Orbital
Attachment

Supply did hold albeit only weakish... I have discussed these situations with red and others countless times... probably more than i would like to admit.

There are a couple of valuable lessons that can be learned from watching this chart.

1) Don't force the market, let it come to you like a drunken 17 year old girl in a club who is dressed way to slutty.

2) Many zones does not equal a lot of trading opportunity for scalping. Out of all these zones only two of them would provide a valid 10-15 pip movement or more assuming...
I love you, sorry to be irreverant, but i do.
All systems of divination, like music itself,work through patterns.
  • #18,860
  • Jun 2, 2011 8:06pm Jun 2, 2011 8:06pm
closed it with +380 pips
take profit got hit


Quoting mangalesh
took this trade early morning today
Trading is all about probability, low risk/high reward ,buy low/sell high
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