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Price is everything

  • #19,121
  • Jun 11, 2011 3:15am Jun 11, 2011 3:15am
Quoting biDc
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.
better switch to lower timeframes and wait for confirmation instead taking a trade at the daily frame always when pa reachs a demand/supply area.

but we are likely to see somce correction up on monday

anyway this is forex,anything can happen.
Hero calls followed by margin calls...
  • #19,122
  • Jun 11, 2011 3:43am Jun 11, 2011 3:43am
Quoting Orbital
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...

Just come back from Buisiness Trip.
True Words, it is a long way to go , but for myself the goal is to live from trading one day.

No idea if this will be a dream or becomes reality one day....just keep on going and don´t give up.

Have a nice weekend
  • #19,123
  • Jun 11, 2011 5:53am Jun 11, 2011 5:53am
Quoting geniusztc
bull triangle ?
possible
lets see what happens next week..
good trading
  • #19,124
  • Jun 11, 2011 8:00am Jun 11, 2011 8:00am
Quoting Orbital
...
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.
...
I agree completly - f*ckin hard it was and it will never end. The learning curve is endless and you have to love the game. Shure there are a lot of basic u have to learn, after that u will find you corner in there u will feeling fine. But that what never end is the working and control on your self. Do your homeworks - plan your trade and trade your plan. Day by Day, Week by Week, Month by Month, Year by Year ...

The most difficult part in trading for me.

enigma4x

@phanti - I do my homeworks for the week every sunday, so i will show you my weekly opinion in eurusd after sunday. Thank u for ya interest.
enjoy my life ... and ride the waves - all what I do
  • #19,125
  • Jun 11, 2011 9:48am Jun 11, 2011 9:48am
Quoting enigma4x
I agree completly - f*ckin hard it was and it will never end. The learning curve is endless and you have to love the game. Shure there are a lot of basic u have to learn, after that u will find you corner in there u will feeling fine. But that what never end is the working and control on your self. Do your homeworks - plan your trade and trade your plan. Day by Day, Week by Week, Month by Month, Year by Year ...

The most difficult part in trading for me.

enigma4x

@phanti - I do my homeworks for the week every sunday, so i will show you...
alright...btw

if we have a big volume bar, does this ALWAYS mean that smart money is flowing?
Hero calls followed by margin calls...
  • #19,126
  • Jun 11, 2011 10:12am Jun 11, 2011 10:12am
Quoting PhAnTi'
better switch to lower timeframes and wait for confirmation instead taking a trade at the daily frame always when pa reachs a demand/supply area.

but we are likely to see somce correction up on monday

anyway this is forex,anything can happen.
hey phanti you're right about switching to lower timeframe and that's what i usually do. the chart was actually taken from a demo trading account and the reason there was a long trade was based on a day trade that i havent close
  • #19,127
  • Jun 11, 2011 10:43am Jun 11, 2011 10:43am
Here's my take on the GU. What do you guys think?
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  • #19,128
  • Jun 11, 2011 11:00am Jun 11, 2011 11:00am
on eg. retest of breakout, supply turned demand?
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  • #19,129
  • Jun 11, 2011 11:39am Jun 11, 2011 11:39am
Quoting KennyZ
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
Will copy it over in a second ken, just woke up
  • #19,130
  • Jun 11, 2011 1:10pm Jun 11, 2011 1:10pm
Quoting biDc
on eg. retest of breakout, supply turned demand?
Perfectly possible.

What do you make of the HTFs?
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  • #19,131
  • Jun 11, 2011 2:05pm Jun 11, 2011 2:05pm
I think we are pretty much seeing the same thing. One thing I'm concern over is the weekly pinbar.

BTW whats BUFL?
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  • #19,132
  • Jun 11, 2011 2:08pm Jun 11, 2011 2:08pm
Also, H1 shows a DLHC in the current demand zone...though a weak one so I probably won't put too much emphasis into it.
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  • #19,133
  • Jun 11, 2011 2:19pm Jun 11, 2011 2:19pm
Quoting biDc
Also, H1 shows a DLHC in the current demand zone...though a weak one so I probably won't put too much emphasis into it.
For a longterm direction, it's best to pay no attention to H1 PA.

Regarding your earlier question about my abbreviation, it's funny you should mention it, as I've just posted a suggested abbreviation list over in RTP (Romancing the Price thread)
  • #19,134
  • Jun 11, 2011 2:30pm Jun 11, 2011 2:30pm
Quoting Ifmyante
For a longterm direction, it's best to pay no attention to H1 PA.

Regarding your earlier question about my abbreviation, it's funny you should mention it, as I've just posted a suggested abbreviation list over in RTP (Romancing the Price thread)
Ah I see. That's definitely could be a bull flag especially with those upper wicks.

Anyway here's my take on EJ. Last chart I promise
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  • #19,135
  • Jun 11, 2011 3:44pm Jun 11, 2011 3:44pm
Quoting biDc
Ah I see. That's definitely could be a bull flag especially with those upper wicks.

Anyway here's my take on EJ. Last chart I promise
I'd play the break of that upwards trendline on EJ daily, connect the lows you will instantly see what i mean, if it breaks id go short.

EDIT:

Im sitting in the club with a laptop right now so consider this to be somewhat my last message for today, those whitewine spritzers are increasingly making me drunk
  • #19,136
  • Jun 11, 2011 3:45pm Jun 11, 2011 3:45pm
Quoting Orbital
I'd play the break of that upwards trendline on EJ daily, connect the lows you will instantly see what i mean, if it breaks id go short.

EDIT:

Im sitting in the club with a laptop right now so consider this to be somewhat my last message for today, those whitewine spritzers are increasingly making me drunk
Do you usually short/long at break or wait for retest?
  • #19,137
  • Jun 11, 2011 3:51pm Jun 11, 2011 3:51pm
I never had any problems with them with ig so not sure where you refering to if you want a real commodity broker try o reily atleast thats my goal.
  • #19,138
  • Edited 10:15pm Jun 12, 2011 9:30pm | Edited 10:15pm
EU H1 level M30 chart

Not that I'm trading tomorrow
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  • #19,139
  • Jun 13, 2011 4:40am Jun 13, 2011 4:40am
HELLO FELLOW TRADERS,


has red retired & retreated somewhere as well as from posting ?? Would like to ask sir wise man a question. Should l p.m him or something? Would really like feed back ta. this threat rocks you thread/trend setters


not caught up with all the thread material yet!!


..



cheers joely..

.
  • #19,140
  • Jun 13, 2011 4:46am Jun 13, 2011 4:46am
Quoting greendiesel
HELLO FELLOW TRADERS,


has red retired & retreated somewhere as well as from posting ?? Would like to ask sir wise man a question. Should l p.m him or something? Would really like feed back ta. this threat rocks you thread/trend setters


not caught up with all the thread material yet!!


..



cheers joely..

.
well hes gone for a while.
im sure he will return soon.

lets wait
Hero calls followed by margin calls...
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