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Price is everything

  • #18,981
  • Jun 7, 2011 10:42pm Jun 7, 2011 10:42pm
I blame MTV....
Attached Image (click to enlarge)
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quite frankly im too exhausted to trade.. need 2 hours of sleep now, be back later, will let this run with a 30 pip stop.

lets see if it develops. im in lightly with 1 lot only so whatever

EDIT: took the bounce after the pin in case people are wondering why.
  • #18,982
  • Jun 7, 2011 10:57pm Jun 7, 2011 10:57pm
i too took it ..risking 13 to make 23 pips ..








Quoting Orbital
I blame MTV....
Attachment
quite frankly im too exhausted to trade.. need 2 hours of sleep now, be back later, will let this run with a 30 pip stop.

lets see if it develops. im in lightly with 1 lot only so whatever

EDIT: took the bounce after the pin in case people are wondering why.
Attached Image (click to enlarge)
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #18,983
  • Jun 7, 2011 11:28pm Jun 7, 2011 11:28pm
Hello guys! Checkong the left I found this for EU. Seems we have two strong supply zones. Also 4820-35 area (not labeled in the chart).
Attached Image (click to enlarge)
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  • #18,984
  • Jun 7, 2011 11:34pm Jun 7, 2011 11:34pm
sold crude..

running since last night (GMT).. moved sl @be+71

will trail bit more.. if it clears previous down trendline may have few more pips to down..
Attached Image (click to enlarge)
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  • #18,985
  • Jun 7, 2011 11:48pm Jun 7, 2011 11:48pm
trading using price action is very simple

if the ltp is abv yesterday close then we buy and if the ltp is below yesterday close we sell , once we make 20 pips we trail it

we will be winner 99 % of the time .
  • #18,986
  • Jun 8, 2011 12:07am Jun 8, 2011 12:07am
Please find attached the simplest logic has given how many winning trades in a buy and sell call . if somebody is willing to volunteer to code an EA out then i can provide him with such winning logics.Please find attached the eusd winning trades
Attached File(s)
File Type: csv CLOSE.csv   48 KB | 544 downloads
  • #18,987
  • Jun 8, 2011 12:36am Jun 8, 2011 12:36am
hi all,

just sold gbp at 1.6416 for a quick scalp. 10pip sl and aiming 1:2 or 1:3 at least.

edited: got stopped out. didn't wait for confirmation.
Attached Image (click to enlarge)
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  • #18,988
  • Jun 8, 2011 1:28am Jun 8, 2011 1:28am
hi all,

just sold chf 0.8363 with 15p sl at last swing high targeting 80% at 20p and the rest at next demand zone.
Attached Image (click to enlarge)
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  • #18,989
  • Jun 8, 2011 2:10am Jun 8, 2011 2:10am
http://bloom.bg/kcEiwZ#ooid=43MGVpMj...l8jCr37r8RlLTL
  • #18,990
  • Jun 8, 2011 2:33am Jun 8, 2011 2:33am
Has anyone noticed that Red hasn't posted since the 23rd May.
Does anyone know why ?
Cheers
  • #18,991
  • Jun 8, 2011 2:42am Jun 8, 2011 2:42am
busy london session so far....
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  • #18,992
  • Edited 5:19am Jun 8, 2011 4:46am | Edited 5:19am
This easy eu long is making its way through the flag pretty nicely

Edit: TPP at 1.4668, rest at BE
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  • #18,993
  • Jun 8, 2011 4:55am Jun 8, 2011 4:55am
Quoting unimak
trading using price action is very simple

if the ltp is abv yesterday close then we buy and if the ltp is below yesterday close we sell , once we make 20 pips we trail it

we will be winner 99 % of the time .
Hi Unimak,
Sounds interesting.
Maybe silly question, but, what is ltp?
Thanks!
  • #18,994
  • Jun 8, 2011 5:01am Jun 8, 2011 5:01am
Morning All,

Please comment on the attached trade.

I identified a demand zone as marked.
Once price pulled back into the zone, I started watching PA on 15 min bars.
I became interested after the pin bar, and drew trendlines as marked.
Pinbar held, and price closed above trendline.
I entered at the arrow.

Regards

Martin
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 48 KB
  • #18,995
  • Jun 8, 2011 5:04am Jun 8, 2011 5:04am
Quoting mt2
Morning All,

Please comment on the attached trade.

I identified a demand zone as marked.
Once price pulled back into the zone, I started watching PA on 15 min bars.
I became interested after the pin bar, and drew trendlines as marked.
Pinbar held, and price closed above trendline.
I entered at the arrow.

Regards

Martin
good one, but i dont use TLs on M15 to enter trades...but might work

jonas

entry might be a bit late ...hmm lets c
Hero calls followed by margin calls...
  • #18,996
  • Jun 8, 2011 5:16am Jun 8, 2011 5:16am
Quoting mt2
Morning All,

Please comment on the attached trade.

I identified a demand zone as marked.
Once price pulled back into the zone, I started watching PA on 15 min bars.
I became interested after the pin bar, and drew trendlines as marked.
Pinbar held, and price closed above trendline.
I entered at the arrow.

Regards

Martin
Hi Martin

Zooming out to H1, there was another TL with demand which would have given even more confidence to bulls.

Nice trade. Just be careful in case a befl (BearFlag) is forming

Best

If
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  • #18,997
  • Jun 8, 2011 5:22am Jun 8, 2011 5:22am
Quoting Ifmyante
Hi Martin

Zooming out to H1, there was another TL with demand which would have given even more confidence to bulls.

Nice trade. Just be careful in case a befl (BearFlag) is forming

Best

If
hi,

all i can say is your trade has a good probability of working out but you need to have a reasonable stop as the pound always has the tendency to spike a little bit and resume your way. i would recommend the last swing low plus a few pips to be safe.

cheers.
  • #18,998
  • Jun 8, 2011 5:39am Jun 8, 2011 5:39am
Quoting keikor
hi,

all i can say is your trade has a good probability of working out but you need to have a reasonable stop as the pound always has the tendency to spike a little bit and resume your way. i would recommend the last swing low plus a few pips to be safe.

cheers.
Just another something to be aware of:
Attached Image
  • #18,999
  • Jun 8, 2011 6:01am Jun 8, 2011 6:01am
Thanks for all the comments, they are appreciated.

Ifmyante, I missed that trendline, I will look out for them in the future, it gave fantastic confirmation. Would you have entered there without any PA?

Regards
  • #19,000
  • Jun 8, 2011 6:21am Jun 8, 2011 6:21am
Quoting mt2
Thanks for all the comments, they are appreciated.

Ifmyante, I missed that trendline, I will look out for them in the future, it gave fantastic confirmation. Would you have entered there without any PA?

Regards
You'll see some good traders here. My two pennerth: Go on "File" the "Save as a picture" to avoid posting menu bars, acct no. etc.
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