Price is everything

sold eu earlier..
higher time frames was bearish
failed to clear trendline
momentum bear bar

closed half with 65
moved sl @be+

nice trade,

ı meant that shooting star sir
good weekend

great trade u have - that was my eurchf game for today



enigma4x

Hi enigma, may i know the reason for you shorting there? nice trade btw

thanks man - good time for first tp and sl at entry



enigma4x

closed remaining half of eu short with 157

but the better trade was couple of silver shorts
both closed for the total of 186 silver

Nice, was too hung over to trade a lot today...

So here is a coffee chart trade i just took...

orbital + commodities = true love....

bought coffee as well....... 2 hours ago in the supermarket

hi enigma,

how have u been? THIS THREAD IS COOL N I SEE STILL ACTIVE AS USUAL.

yes sam -active like always - but ...

enjoy these orbit and kenny u will learn something

great trade orbit ...

enigma4x

Hi mate! Got stopped out while sleeping. And i felt asleep big time, just woke up (complete disaster). This is the chart I had, total different candles. Yours were giving the signal, mine not shame for my pofits!!
Tks for yopur chart, hope u took that short trade!! Have a good weekend!!

Im in AUDUSD, Stops at BE+2 for a free trade

Scalped this fucker heavily so thats fine (Sp500)

Also in Silver long at 36.36, will see if i take it out or leave it, not sure yet.

I do love commodities, PA and S/D much more clearer and stable on it. I feel a lot more calmer and see myself getting less enraged over the absurdities of Currencies and the disastrous shitstorm of price movements it usually does.

Normally i would get fucking enraged and start throwing a tantric fit whenever EU would do something crazy... but now it just stopped bothering me. Ive come to realise that i have become so heavily biased on currencies that are USD crosses that it messes with my analysis, missing out on a lot of shorts. I've seen how many of my Currency trades usually tend to be dollar shorts. A couple dozen pages ago we were discussing the euro being in weekly supply, it penetrated that zone so deeply, and after it cut the first 4hr supply like its butter there was a general sense of confusion going on. I rather took this time to invest into safer opportunities aswell as finishing up my latest trading strategy and working out the bugs and dents.

To be a true supply and Demand trader (including Price action obviously) you are not allowed to have a bias... infact you are better off ignoring EVERYTHING that is happening in the news. Ignore rate decisions, NFP reports, ISM data etc etc.
Historically speaking you will have Price doing crazy and absolutely irrational things. Now this will either stem from your completely delusional perspective on micro and macro economics and thus missinterpreting signals and data, or based on the fact that the price truly just lies on supply and demand.

There are so many things happening to currency price that need to be taken into consideration, currency reserves, money supply, inflation, interest rates, Sovereign Debt and Debt in general, Production output, Central Bank decision, cyclical data, natural disasters and black swan events.

Even if you had a perfect weighting system for the above mentioned you would still get fucked over one way or the other. I'd argue that greed plays a vital role in many decisions. Take the AUDUSD long i had today, i could have taken it out at +35 pips easily.. but i chose to set the TP to BE+2, because i couldnt be hassled with the stress of monitoring it, it either would have broken up further or retraced hard. I didnt care, knowing the limitations of trades is key to being successful.

Trading in concept is easy, in reality its absolutely Brutal, every other trader is virtually your competitor, the markets want you to fail and the market is exceedingly efficient at it. Trading is the most competitive business there is and many many many people will fail, ultimately its how you manage your risk, play your trades and a dozen other factors that determine if youre in it for the long game, or if your just in it to do some insanely stupid things.

I remember a time where finding entries was exceedingly tough, placing stop losses was just a disaster. I have come a long way since then, i've grown, learnt and understood things that i would have never considered possible and found my niche in the markets. Its nice to see my work has paid off , although im still looking for that grande opportunity to trade a very very large fund, once i have 10 million in equity to trade im going to consider myself a very very happy person. Until then i will keep working hard.

Forexfactory and especially this thread have become so useful i cannot express it in words. The amount of tricks, styles, concepts i have learned in here from red and people i now consider to be my friends is virtually invaluable.

But if someone told me 2 years ago how much shit i would have to get through and how much i had to learn, knowing myself back then i would have probably said "fuck that shit... sounds painful and annoying as fuck"

So this is a small message to the many lurkers and newer traders we have in here:

There is a saying that lessons not learned in blood or money are lessons not learned at all, keep trading, work hard and i mean really fucking hard, to previal in this business you will need absolute fucking dedication and work with the precision of a motherfucking neuro surgeon. Trading isnt a weekend in Las Vegas where you come back with herpes and ask yourself what the fuck happened, everything is a calculated decision, every step needs to be controlled and requires knowledge and certainty in what youre doing. If youre in this to have some "fun" and make "easy money" youre in the wrong business, know upfront what youre up against and what you need to do to prevail, and most of all decide if the time and energy you spend doing this will actually be worth it.

This message is dedicated to the countless PM's ive received from people who are telling me that they are struggeling, lost money and generally don't understand what they are doing wrong.

Im tired as fuck right now and need some sleep its 05:41 am here right now and i still havent finished marking up half of the trading instruments for next week. So see you guys in a bit after my beauty sleep.

To the rest: Enjoy your weekend.

Without more data cant really see more occuring. This is one of the issues i was talking about, normally i would look for more bearishness, but since im so biased on the longs and stuck on the idea that 1.51 needs to be revisted, PA there is still that inside bar, and monthly is still looking bearish, if you think about it and look at those zones... that is some pretty clear supply.

Take from these charts whatever info you gain from it, not making any predictive statements this time without further PA, perhaps the next two weeks will give a clearer picture, i dont see anything. Maybe ken or If have something clearer to say

great post Alex.. full of Gems as usual...

Warning:
this post should be copied to Romancing the Price thread too.. i hope you'll do it when you have bit of time in hand.. if you don't, i won't buy cupcakes for you

thank you for your chart
my noobiness; only could grab 37.50-37.00
good weekend, good trading

nice post A.

anyway guess u were drunken tough

Great charts orbital! I have my chart pretty much in line with what you have drawn out. I am playing a possible upward action before another leg down though as indicated by the daily chart below.

bull triangle ?