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Price is everything

  • #19,481
  • Jun 24, 2011 10:46pm Jun 24, 2011 10:46pm
Quoting mangalesh
Anybody can say why this failed ? reasons ?
look a tf higher. this may explain why
Attached Image (click to enlarge)
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  • #19,482
  • Jun 24, 2011 10:53pm Jun 24, 2011 10:53pm
but the entry which i made was right ?


Quoting Myrza
look a tf higher. this may explain why
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #19,483
  • Jun 24, 2011 10:54pm Jun 24, 2011 10:54pm
Quoting Myrza
look a tf higher. this may explain why


a tf lower we see this.
Anyway we were nearing weekly session end...thin volume. You cant expect much movement
Attached Image (click to enlarge)
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  • #19,484
  • Jun 24, 2011 10:56pm Jun 24, 2011 10:56pm
Quoting mangalesh
but the entry which i made was right ?

on m15 it was right..good for a scalp
  • #19,485
  • Jun 24, 2011 11:00pm Jun 24, 2011 11:00pm
took a cable entry yesterday with h4 resistance and 15 minute entry ..worked very well..is it right to mark higher tf and get into small entrys with confirmation for the small entrys target ?
Attached Image(s) (click to enlarge)
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #19,486
  • Jun 25, 2011 12:44am Jun 25, 2011 12:44am
This came so close to my PO that I set last night. Would've been a NICE short. Oh well back to the camping tent.

http://cdn.hotstockmarket.com/b/bd/1...d9615ad_um.png
  • #19,487
  • Jun 25, 2011 6:34am Jun 25, 2011 6:34am
Sorry for not posting a chart.

I'm just annoyed about something I read here lately. It reminded me of an idiotic statement that I read in the rookie discussion room.

Somebody advised there that "if anyone offers you advice, be sure and demand to see their trading record".

This statement annoyed me instantly, and has irked me ever since.

Red is not trying to sell anybody anything. He started this thread out of pure altruism, offering the closest possible thing to the Holy Grail of trading, asking nothing in return.

If you want to see his trading record, just look at some of his charts. They say it all.

If you don't know what you're looking at in his charts, you're not ready to trade yet. Simple.
  • #19,488
  • Jun 25, 2011 6:41am Jun 25, 2011 6:41am
Yep Inf thats true. Btw when is he coming back
  • #19,489
  • Jun 25, 2011 6:51am Jun 25, 2011 6:51am
Hey guys, why DID THAT HAPPEN?

http://www.shrani.si/f/1V/Nz/2d1LbWN...1-13-42-19.png

THank you all =) Miky
--Be in the NOW or get lost in time.--
  • #19,490
  • Jun 25, 2011 6:57am Jun 25, 2011 6:57am
Quoting atton
Yep Inf thats true. Btw when is he coming back
I wish I knew Att, I wish I knew
  • #19,491
  • Jun 25, 2011 6:58am Jun 25, 2011 6:58am
Sugar is one to watch next week
Attached Image (click to enlarge)
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  • #19,492
  • Jun 25, 2011 7:01am Jun 25, 2011 7:01am
Quoting mangalesh
Anybody can say why this failed ? reasons ?
Hi ,
If I can, that level was very sexi and I can't see level failed.There was some reaction but you must see how price arrived to this level (big momentum south)
And why didn't go to far north well that is easy answear on that demand level just didn't contain enough buyers that's all.
If you had time watched that trade that's mean your trading managment failed and not demand level.
Only my 2pips.

Have a good weekend all RED ARMY.

FX
  • #19,493
  • Jun 25, 2011 7:37am Jun 25, 2011 7:37am
Quoting Miky
Hey guys, why DID THAT HAPPEN?

http://www.shrani.si/f/1V/Nz/2d1LbWN...1-13-42-19.png

THank you all =) Miky

30 pips spread for a slow pair like this..It is not even worth trading.
  • #19,494
  • Jun 25, 2011 8:21am Jun 25, 2011 8:21am
Quoting mangalesh
Anybody can say why this failed ? reasons ?
Hi M

Really simple reasons:
1: The M15 D you were looking at had already been broken (price dropped below demand, showing a lack of demand for AU

2: If you had zoomed out to H4, you would've seen price plummeting towards H4 D, a better place to look for buying opportunities


If
Attached Image(s) (click to enlarge)
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  • #19,495
  • Jun 25, 2011 8:22am Jun 25, 2011 8:22am
right buddy...

Sellers exceeded buyers ..Simple ..Level was good is what i can say..







Quoting Fxfighter
Hi ,
If I can, that level was very sexi and I can't see level failed.There was some reaction but you must see how price arrived to this level (big momentum south)
And why didn't go to far north well that is easy answear on that demand level just didn't contain enough buyers that's all.
If you had time watched that trade that's mean your trading managment failed and not demand level.
Only my 2pips.

Have a good weekend all RED ARMY.

FX
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #19,496
  • Jun 25, 2011 8:24am Jun 25, 2011 8:24am
Infy sugar the level just further up ..With blue pin and engulfing i think thats a good level at sugar as on daily chart




Quoting Ifmyante
Sugar is one to watch next week
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #19,497
  • Jun 25, 2011 8:33am Jun 25, 2011 8:33am
Quoting mangalesh
Infy sugar the level just further up ..With blue pin and engulfing i think thats a good level at sugar as on daily chart
Nicely spotted M

That level has held price a number of times on the weekly, and if price breaks this D1S, that's the next place to look for bears
Attached Image (click to enlarge)
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  • #19,498
  • Jun 25, 2011 8:38am Jun 25, 2011 8:38am
cheers buddy


Quoting Ifmyante
Nicely spotted M

That level has held price a number of times on the weekly, and if price breaks this D1S, that's the next place to look for bears
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #19,499
  • Jun 25, 2011 8:41am Jun 25, 2011 8:41am
broken in the sense u mean breakout infy ?


Quoting Ifmyante
Hi M

Really simple reasons:
1: The M15 D you were looking at had already been broken (price dropped below demand, showing a lack of demand for AU

2: If you had zoomed out to H4, you would've seen price plummeting towards H4 D, a better place to look for buying opportunities


If
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #19,500
  • Jun 25, 2011 8:41am Jun 25, 2011 8:41am
Quoting mangalesh
right buddy...

Sellers exceeded buyers ..Simple ..Level was good is what i can say..
I agree that level was good to try( first visit,pole north)but what I said if I enter long i 'll watch price on lower TF b/c just worried me how price arrived (strong momentum) to that level.Anyway is just me how I see it.
Anyway each trade and trader are unique.

FX
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