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Price is everything

  • #18,921
  • Jun 6, 2011 8:15am Jun 6, 2011 8:15am
Took this silver trade as long term ....


This gold cheated me it went up just by spiking , i was looking to scalp a long one but it went up just by spiking .Anyways there is always another trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: silver.gif Size: 12 KB
Click to Enlarge Name: gold.gif Size: 15 KB
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,922
  • Jun 6, 2011 8:20am Jun 6, 2011 8:20am
Quoting keikor
hi all,

just shorted euro at 4606 with 20p sl and targeting 1:1 as always.
Yes i can see that trade happening , on a 5m the two bars at 4617 ish will provide some resistance. Look at the 15m demand cluster at 4560 ish, have a few limit orders to buy there incase i fall asleep again, im really tired as fuck right now.

Your trade has good odds of working out, assuming 4597 doesnt retest again and go north.

Remember:

When a market goes for a retest and fails, the market will reverse immediately and do the opposite, in this case if it fails the retest at the lows it will start selling and dumping.

Good luck, im Flat on EU
  • #18,923
  • Jun 6, 2011 10:29am Jun 6, 2011 10:29am
Quoting mangalesh
Hello ,

You are purchasing at the point where the buyers are sitting(Demand zone) . You should buy there , not short here . Anyways you shd have a eye how price action react in this levels
Hi mangalesh,

the way i see it, that was not a "strong" demand zone. i simply drew that box out to rule out the possibility of being a demand zone but IMO, it is not a strong at all being it in the 15m timeframe.

i am seeing the next demand zone at 4560-4570. i am obviously biased short due to the bigger supply zone at h4 and it closed bearish
  • #18,924
  • Jun 6, 2011 1:07pm Jun 6, 2011 1:07pm
Quoting Orbital
Yes i can see that trade happening , on a 5m the two bars at 4617 ish will provide some resistance. Look at the 15m demand cluster at 4560 ish, have a few limit orders to buy there incase i fall asleep again, im really tired as fuck right now.

Your trade has good odds of working out, assuming 4597 doesnt retest again and go north.

Remember:

When a market goes for a retest and fails, the market will reverse immediately and do the opposite, in this case if it fails the retest at the lows it will start selling and dumping.

Good luck, im Flat on...

Orbital - could you please post a chart explaining the above - just so I understand it the right way ? Thanks a lot. Like to learn from a pro
"The future is already written in the past"
  • #18,925
  • Jun 6, 2011 2:48pm Jun 6, 2011 2:48pm
red is busy ?
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,926
  • Jun 6, 2011 2:50pm Jun 6, 2011 2:50pm
Quoting mangalesh
red is busy ?
seems like
Hero calls followed by margin calls...
  • #18,927
  • Jun 6, 2011 3:02pm Jun 6, 2011 3:02pm
hmm ..ok market makes me ...Let me get into my bed ..
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,928
  • Jun 6, 2011 4:55pm Jun 6, 2011 4:55pm
buy gbp/usd at 1.6371 sl=1.6274 tp1=1.6450 tp2=1.6500

follow my journal
http://www.forexfactory.com/showthre...254704&page=35

Attached Image (click to enlarge)
Click to Enlarge Name: gbp.usd.gif Size: 19 KB
  • #18,929
  • Jun 7, 2011 1:29am Jun 7, 2011 1:29am
hi all,

just longed aud at 1.0691 with 20p sl as always.
Attached Image (click to enlarge)
Click to Enlarge Name: aud6-7.gif Size: 20 KB
  • #18,930
  • Jun 7, 2011 1:33am Jun 7, 2011 1:33am
you are right to go long on aud/usd. i'm long since friday. but i think at 5 am depending on what the market will say, i will reinforce it. other trades are working great. +18 pips in euro/usd

follow my journal
http://www.forexfactory.com/showthre...254704&page=36
  • #18,931
  • Jun 7, 2011 2:25am Jun 7, 2011 2:25am
Quoting dailyking
you are right to go long on aud/usd. i'm long since friday. but i think at 5 am depending on what the market will say, i will reinforce it. other trades are working great. +18 pips in euro/usd

follow my journal
http://www.forexfactory.com/showthre...254704&page=36
Dude...

You been asked before....

Quit with the link.

If you wanna share your trades, setups and charts, feel free...

You wanna share your journal, take it someplace else.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,932
  • Jun 7, 2011 2:31am Jun 7, 2011 2:31am
Quoting hansma
Orbital - could you please post a chart explaining the above - just so I understand it the right way ? Thanks a lot. Like to learn from a pro
Attached Image (click to enlarge)
Click to Enlarge Name: confirm.png Size: 80 KB


I told the previous trader that shorting was a feasible option since the trend was bearish throughout the day and his short might get paid off easily.

I placed buy limit orders in the upper red zone since that was a demand cluster and quite frankly the lower band of the weekly supply zone where you can expect a bounce once it breaks north usually. So i placed some buy limits there and voila trade worked out. Judging by the rate of deceleration this was nothing more than a rather big bearflag, so the upmove had to come either at this zone or the zone lower. 10year notes were also showing signs of weakening dollar demand.

The reason for the bear trend were the circled zones in the chart where you can clearly see the bearish flag structure forming very early throughout the day and then some confirmations throughout the day

Gotta go to another meeting now will be back later. Euro should attempt breaking highs again this week and go for the 1.50ish target again.
  • #18,933
  • Jun 7, 2011 2:31am Jun 7, 2011 2:31am
Quoting Magix
Dude...

You been asked before....

Quit with the link.

If you wanna share your trades, setups and charts, feel free...

You wanna share your journal, take it someplace else.
second that.
Hero calls followed by margin calls...
  • #18,934
  • Jun 7, 2011 3:21am Jun 7, 2011 3:21am
hi,

quick question, i notice many of you trading off a small timeframe. Are you actually getting your levels from the lower TF or for example finding a 4hr level then going to the lower TF for price confirmation?

hopefully i can start posting charts soon as well for critique not sure how many posts i need first.
  • #18,935
  • Jun 7, 2011 3:53am Jun 7, 2011 3:53am
Quoting Orbital
Attachment

I told the previous trader that shorting was a feasible option since the trend was bearish throughout the day and his short might get paid off easily.

I placed buy limit orders in the upper red zone since that was a demand cluster and quite frankly the lower band of the weekly supply zone where you can expect a bounce once it breaks north usually. So i placed some buy limits there and voila trade worked out. Judging by the rate of deceleration this was nothing more than a rather big bearflag, so the upmove had to come either...
Orbital - thank you very much for taking your time to explain.

Regards,
Hans
"The future is already written in the past"
  • #18,936
  • Jun 7, 2011 5:50am Jun 7, 2011 5:50am
Quoting n0mad
hi,

quick question, i notice many of you trading off a small timeframe. Are you actually getting your levels from the lower TF or for example finding a 4hr level then going to the lower TF for price confirmation?

hopefully i can start posting charts soon as well for critique not sure how many posts i need first.
hi nomad,

it depends on what timeframes you are more familiar with. i am comfortable with 15M and 30M hence i adjust accordingly.

of course, the stronger the timeframe the more important that level is. i find myself more or less a scalper and i have too much time infront of the computer hence i find 15 30M very suitable for me.

As for others, i think they are trading other instruments besides forex because i see gold, silver and others.

as for charts, i think you can post after 5 posts?
  • #18,937
  • Jun 7, 2011 6:05am Jun 7, 2011 6:05am
hi all,

just longed chf at 0.8343 with 20pips sl as always.
Attached Image (click to enlarge)
Click to Enlarge Name: chf6-7.gif Size: 18 KB
  • #18,938
  • Jun 7, 2011 6:06am Jun 7, 2011 6:06am
Quoting keikor
hi all,

just longed chf at 0.8343 with 20pips sl as always.
du u always use a fix stop?
Hero calls followed by margin calls...
  • #18,939
  • Jun 7, 2011 6:16am Jun 7, 2011 6:16am
Enjoy !

Learn the Answers to Your Questions on Strategy with Sam

I'm a Gann Fan, Part Two

That was Easy

Paying Less to Get More
Hello.
  • #18,940
  • Jun 7, 2011 6:17am Jun 7, 2011 6:17am
Quoting PhAnTi'
du u always use a fix stop?
hi phanti,

no because i always adjust my positions according to the last swing high/low and if the risk:reward isn't great and the stop is too far away from the last swing high/low, i would just abandon the trade.

but i like the 20:20 rule hence you would always see me posting a 20sl all the time
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