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Price is everything

  • #19,381
  • Jun 21, 2011 3:04pm Jun 21, 2011 3:04pm
Quoting Myrza
I dont know wtf happened. Went to take a drink and came back with 200 pips profit within 5 minutes .
I dont need to trade anything else but crude.
I don't think you should answer the phone to your broker.

This is crude as the rest of us see it
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  • #19,382
  • Jun 21, 2011 4:11pm Jun 21, 2011 4:11pm
Quoting Myrza
I dont know wtf happened. Went to take a drink and came back with 200 pips profit within 5 minutes .
I dont need to trade anything else but crude.
wow
  • #19,383
  • Jun 21, 2011 6:05pm Jun 21, 2011 6:05pm
Here's EU fifteen minute.

At this point I'm down to trade either way but we may see some fresh supply soon
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  • #19,384
  • Jun 21, 2011 6:08pm Jun 21, 2011 6:08pm
Quoting Verb
Briefly:
[list=1][*]Switch to Weekly and Mark off Supply/Demand Zones[*]Switch to Daily, what is the slope of the 50 SMA, determines whether you will be a buyer or seller. You can use whatever indicator you feel gives you a good feel for current trend. Don't over complicate this one.[*]Switch to your entry time-frame of choice, I use M30 and H1 normally.[*]If you are going long on your chosen Entry Time-frame into a weekly supply zone then that is a no trade.[*]If you are going short on your chosen Entry Time-frame into a weekly demand zone...
Nice list bro
  • #19,385
  • Jun 21, 2011 7:22pm Jun 21, 2011 7:22pm
Quoting redsword11
- this is the problem - every trade has its own mechanics - in otherwords its own character
Thought I'd pull this one out
  • #19,386
  • Jun 21, 2011 8:03pm Jun 21, 2011 8:03pm
Quoting Ifmyante
I don't think you should answer the phone to your broker.

This is crude as the rest of us see it

I wont..but I have double checked in the history centre of IFX both on my live and demo..both are the same. There are missing data after 21:30 hour. Look how price jump fr 93.70 to 91.20 within minutes.
I guess it was my lucky day.
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  • #19,387
  • Jun 21, 2011 8:41pm Jun 21, 2011 8:41pm
Quoting emene
Because its ATR is more than 300 pips at the moment, that you can take it slow and buy or sell every engulfings like a dumb monkey during european session, that it respects its zones to the pip, and that if you have only 1 hour to trade during the day, you can make more than 100 pips with a 4 pip spread. And also, specifically because I am trying to master it, so i do not need to be taken out of focus by the stupid EU pair that is used by the big boys to steal money from noobs. I could discuss forever about crude as it became my best friend outside...
Sounds good, would love to hear you discuss it. Just not sure where is an appropriate place.

Broker, market, market maker, many questions? I can trade "light oil" through CFDs but I'm not sure who would be on the other side of my trade. I assume the broker would off set the risk with the futures market. I can also trade US Light Crude Denominated CFDs in my own currency, but again I assume my broker is making the price.
Good Trading
  • #19,388
  • Jun 22, 2011 1:05am Jun 22, 2011 1:05am
Quoting Myrza
I wont..but I have double checked in the history centre of IFX both on my live and demo..both are the same. There are missing data after 21:30 hour. Look how price jump fr 93.70 to 91.20 within minutes.
I guess it was my lucky day.
It was jul contract expiry, if you were trading on an fx platform then they roll the contracts into one and at those times you can get crazy spikes. Worth knowing for the futures so you dont trade then and get caught the other side.
  • #19,389
  • Edited 4:08am Jun 22, 2011 3:57am | Edited 4:08am
bulls will win here

EDIT: Not read later posts yet...
people don't get caught up in feeds and the likes/dislikes. Market makers back in the old days did'nt have computers like today.. they had pencil and note pads, you either have the market in the palm of your hand or you don't. wink
  • #19,390
  • Edited 7:51am Jun 22, 2011 5:02am | Edited 7:51am
gbp/usd

well shit has hit the fan, move on..
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  • #19,391
  • Jun 22, 2011 5:24am Jun 22, 2011 5:24am
Quoting greendiesel
gbp/usd
Hi Diesel, could you pls explain what you mean by "the old trick"?

LP
  • #19,392
  • Jun 22, 2011 6:10am Jun 22, 2011 6:10am
just to note, crude heating towards gap

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Hero calls followed by margin calls...
  • #19,393
  • Jun 22, 2011 7:15am Jun 22, 2011 7:15am
Quoting Les_Paul
Hi Diesel, could you pls explain what you mean by "the old trick"?

LP
HI Paul,
Reds teachings what i'm going off, he'd talk about the extreme demand zones. The Ones where there close together, 2 more or more tricking the retails into second guessing there positions and then bang market turns.l think it's hours of chart time then you'll see it ?

lol he'd also say- market makers l know what your up to!! So red return my email!!!
lets fuck the markets together !!!!!


"Marrakekech was unbelievable people."
  • #19,394
  • Jun 22, 2011 7:48am Jun 22, 2011 7:48am
Bought it. Waiting.
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  • #19,395
  • Jun 22, 2011 8:05am Jun 22, 2011 8:05am
Quoting Verb
Bought it. Waiting.
http://www.forexfactory.com/attachme...0&d=1308746823
Target hit. Trade duration = 19 hours.
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  • #19,396
  • Jun 22, 2011 8:29am Jun 22, 2011 8:29am
has something globally happened?? markets are up shit creek today..
  • #19,397
  • Jun 22, 2011 8:30am Jun 22, 2011 8:30am
Quoting Verb
Target hit. Trade duration = 19 hours.
Clean
  • #19,398
  • Jun 22, 2011 8:30am Jun 22, 2011 8:30am
US Interest Rate Announcement in 3 hours.

Quoting greendiesel
has something globally happened?? markets are up shit creek today..
  • #19,399
  • Jun 22, 2011 8:35am Jun 22, 2011 8:35am
Quoting Verb
US Interest Rate Announcement in 3 hours.
Yep, I've got my trades at BE and I'm waiting to see what happens.

Maybe EU jumps into the H4 supply, then shows us some nice smaller TF supply levles
  • #19,400
  • Jun 22, 2011 8:38am Jun 22, 2011 8:38am
Quoting frankkn
Yep, I've got my trades at BE and I'm waiting to see what happens.

Maybe EU jumps into the H4 supply, then shows us some nice smaller TF supply levles
Here's a chart
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