Attachments: Price is everything

Price is everything

#19,541
Jun 26, 2011 5:52am Jun 26, 2011 5:52am

stulic
Joined May 2011 | Status: grizzly long gone | 2,427 Posts

Quoting budak baru

Disliked

hi guys.let me start.silver approaching DAILY demand zone at 33.93.PA WATCH...

Ignored

I've got silver piercing through major d1 support trendline (first chart),
H4 channel should provide some resistance and a possible bounce from 33.500 back up to 36.000 (second chart), if 33.500 gives in bears are in charge big time.

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Don't get mad, get even!

#19,542
Jun 26, 2011 6:08am Jun 26, 2011 6:08am

Myrza
Joined Nov 2008 | Status: Mmmm.. | 1,322 Posts

[quote=Orbital;4726353"Holy shit my pants are on fire should i go long or short?"

Lol...I like this one

#19,543
Jun 26, 2011 7:41am Jun 26, 2011 7:41am

atton
| Joined Apr 2009 | Status: Trader | 290 Posts

Here is a trade I took tp hit. Reason : price went to supply and formed a big engulfing candle indicating bear power. And almost 99% of the cases that the reason to take a trade. You find a s/d level where a strong move occurred and wait price to show you that that there are more buyers than sellers or vice versa via engulfing candle, pinbar, beob, rejection wicks.. you name it

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#19,544
Jun 26, 2011 7:48am Jun 26, 2011 7:48am

atton
| Joined Apr 2009 | Status: Trader | 290 Posts

You should be patient and wait for a good level. Do not take every s/d level. Second move up was weaker than the first >>> demand may be consumed on the next visit or atleast expect even a weaker move up

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#19,545
Jun 26, 2011 8:00am Jun 26, 2011 8:00am

Ifmyante
| Membership Revoked | Joined Nov 2010 | 3,072 Posts

The Price is Everything Chat Room has just been created.

Drop in and say hi, so we can keep in touch while keeping this thread great.

#19,546
Jun 26, 2011 8:44am Jun 26, 2011 8:44am

Miky
Joined May 2011 | Status: Price is everything! =) | 159 Posts

i had to post this: --> BAD COP (Orbital) did it. <--

--Be in the NOW or get lost in time.--

#19,547
Jun 26, 2011 10:06am Jun 26, 2011 10:06am

KennyZ
Joined Jul 2010 | Status: KIS | 1,578 Posts

putting eurx on usdx chart helps me to get some perspective on markets.. correlation of moves are much more easy to see..

i added two com currencies to the mix to see their correlations to indexes as well as between them - 3rd chart.. usdcad mirrored to have relevant correlation view due to pairing.. if it was cadusd there wouldn't be any need for mirroring.

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#19,548
Jun 26, 2011 10:51am Jun 26, 2011 10:51am

budak baru
Joined Aug 2007 | Status: Newbie | 1,332 Posts

cable reach monthly demand.let see if this month could close below.will be more interesting.

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Gold Expedition Return This Year: -16.4%

#19,549
Jun 26, 2011 11:10am Jun 26, 2011 11:10am

PrymeTyme
Joined Oct 2009 | Status: 5%er Wannabe | 769 Posts

Quoting budak baru

Disliked

cable reach monthly demand.let see if this month could close below.will be more interesting.

Ignored

Yea watchin Cable closely too ,, it looks weak for now ,,

i doesent like how it approached the demand area / support @1.59ish
to consider a long entry or at least anticipating a setup here ,, i rather watch out for a break down ... and a setup at retest of support/resistance ..

cheers

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#19,550
Jun 26, 2011 12:03pm Jun 26, 2011 12:03pm

frankkn
Joined Jan 2010 | Status: I'm the greatest, man | 2,516 Posts

I was looking at /dx monthly

Do you guys have this gap as well?

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#19,551
Jun 26, 2011 12:08pm Jun 26, 2011 12:08pm

frankkn
Joined Jan 2010 | Status: I'm the greatest, man | 2,516 Posts

Here's monthly crude futures. I don't trade crude but I'll be bankrolling a futures account in the next year or so, and it doesn't hurt to start watching her now.

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