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Price is everything

  • #20,161
  • Aug 23, 2011 7:56am Aug 23, 2011 7:56am
Quoting PandaBBQ
Beautiful day! Seriously, I really LOVE life after meet RED @ff~

Short EJ, AU, EU.
hi Panda, do you mind me asking some questions?

see my questions on your chart.
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  • #20,162
  • Aug 23, 2011 8:24am Aug 23, 2011 8:24am
Quoting emene
Congrats ^^

And yes, this is what you feel when you realise you can read PA. And you will never forget this man who you don't even know... Crazy huh ?

Enjoy.
Thanks emene, and thank u for the V.

There's a long way to go for really understanding PA, and im still learning slowly and far from it. Sometimes i do hesitate when monitor charts, and correlation help A LOT.

When I fund here, RED's already gone, and people said this thread was dead... Well, I fund gold and the old gane like u, who still remain here while enjoying their fresh pips.
  • #20,163
  • Aug 23, 2011 8:38am Aug 23, 2011 8:38am
Quoting leelar
hi Panda, do you mind me asking some questions?

see my questions on your chart.
Attachment
1) yep, its supply zone.
2) i took it coz its in supply zone, and price started droping as well as other correlated pairs.
3) Im not sure if this candle pattern named"bear engulfing", but im pretty sure it appeared dozens of times in RED's old charts. Simply memorise them, and take the mimic trades.
4) Clicked mouse so quickly so the position of first trade was less than my normal ones, just add them on second trade.
  • #20,164
  • Aug 23, 2011 11:13am Aug 23, 2011 11:13am
Quoting PandaBBQ
Beautiful day! Seriously, I really LOVE life after meet RED @ff~

Short EJ, AU, EU.

He PandaBBQ, thanks for sharing your trades. I think I am learning a lot from this forum and your achievements, trading PA.

I consider myself newbie and I guess I got lot to learn. Thanks to REDS and other contributors.

Transvia
  • #20,165
  • Aug 23, 2011 11:17am Aug 23, 2011 11:17am
Quoting transvia
He PandaBBQ, thanks for sharing your trades. I think I am learning a lot from this forum and your achievements, trading PA.

I consider myself newbie and I guess I got lot to learn. Thanks to REDS and other contributors.

Transvia
Romancing the price thread (http://www.forexfactory.com/showthread.php?t=288142) is the learning thread based on Price is everything (PIE). You will find plenty more material on this thread from the core PIE members!
  • #20,166
  • Aug 23, 2011 2:50pm Aug 23, 2011 2:50pm
Quoting bbakker
Romancing the price thread (http://www.forexfactory.com/showthread.php?t=288142) is the learning thread based on Price is everything (PIE). You will find plenty more material on this thread from the core PIE members!
Thanks for the link bbakker, I am on it with the fine tooth comb.
  • #20,167
  • Edited 12:41am Aug 24, 2011 12:25am | Edited 12:41am
Confluence trendline + demand + fib 50
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Hello.
  • #20,168
  • Aug 24, 2011 4:56am Aug 24, 2011 4:56am
slow day, only a scalping, a slow scalping.
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  • #20,169
  • Aug 24, 2011 5:55am Aug 24, 2011 5:55am
Quoting PandaBBQ
slow day, only a scalping, a slow scalping.
Closed manully near tg, short UCan: +37p.
  • #20,170
  • Aug 24, 2011 5:56am Aug 24, 2011 5:56am
Quoting PandaBBQ
Closed manully near tg, short UCan: +37p.
Thanks for the news!
  • #20,171
  • Aug 24, 2011 2:36pm Aug 24, 2011 2:36pm
I thought I had a good entry last night...it was slow, but it made sense when I sold EUR/USD at the level. However, since I was going to bed, I moved SL to BE. In the morning, I found out that price retested my entry zone and fell 50+. I gained nothing for not having enough sleep. Now my dilemma is

1. Should I let my trade on with my set S/L and TP? or
2. Move SL to BE cos I do not want to lose? or
3. Or not to trade when I am not awake? ( lol )

any insight fellow traders?

Transvia
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  • #20,172
  • Aug 24, 2011 3:40pm Aug 24, 2011 3:40pm
In my first couple years of trading, I used to have all sorts of indicators and studies all over my charts. One of the best traders in the office at Maverick Trading didn't have anything on his screen except price and volume. We became friends and I argued that you needed the studies and indicators to tell you what was going to happen next. After a while, I realized what he said was true and they gave you as many false signals as real signals. Needless to say, for the last 10 years all I have on my screen is price and volume.
  • #20,173
  • Edited 4:18pm Aug 24, 2011 4:08pm | Edited 4:18pm
sell limit at supply
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  • #20,174
  • Aug 24, 2011 4:09pm Aug 24, 2011 4:09pm
Quoting biDc
sell limit at demand
You really meant supply
  • #20,175
  • Aug 24, 2011 4:18pm Aug 24, 2011 4:18pm
Quoting bbakker
You really meant supply
Oops i thought today was opposite day But yea supply Thx for the catch
  • #20,176
  • Aug 25, 2011 2:09am Aug 25, 2011 2:09am
http://img8.uploadhouse.com/fileuplo...41b92a9b2c.jpg

hope my TP get hitted
TRADING IS SIMPLE BUT NOT EAZY
  • #20,177
  • Aug 25, 2011 5:11am Aug 25, 2011 5:11am
Learning from Kenny, scalping in 5min. Short EU.
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  • #20,178
  • Aug 25, 2011 5:25am Aug 25, 2011 5:25am
Quoting PandaBBQ
Learning from Kenny, scalping in 5min. Short EU.
EU: +16p(2/3)+22p(1/3).
  • #20,179
  • Aug 25, 2011 5:27am Aug 25, 2011 5:27am
Quoting PandaBBQ
Learning from Kenny, scalping in 5min. Short EU.
Hi PandaBBQ,

How did you sussed out that the price is going to retest around 1.4450 for the second time and fail? I had a small scalp of 7 pips on the first retrace but wasn't thinking of the failed second retrace? Any clue?

http://http://www.forexfactory.com/a...1&d=1314275194
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  • #20,180
  • Aug 25, 2011 5:43am Aug 25, 2011 5:43am
Quoting transvia
Hi PandaBBQ,

How did you sussed out that the price is going to retest around 1.4450 for the second time and fail? I had a small scalp of 7 pips on the first retrace but wasn't thinking of the failed second retrace? Any clue?
Hi transvia, i had the same entry with u(although a few pips lower), there r two reasons:

1.if u check the left side, there's a swing piont in the half way of invert U, so its not supprise to see a retrace in our shorting --- actually it created a flag pole, then double top.
2. more important, i check the higher tf, like 4H, and saw EU was in the top of triangle and it gave me confidence to stay
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