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Price is everything

  • #20,361
  • Sep 30, 2011 1:46am Sep 30, 2011 1:46am
Quoting green_trader
trying a new strategy
http://i1117.photobucket.com/albums/...ADING/AU-1.png
etner using limit order and looks good fro the result
Why would you not want to put a sell limit there. Think about the strength of the level and whether it has been tested before.

No disrespect to you eaglestar but its a real shame this thread has gone down the toilet somewhat. (I think you should start your own thread).

There are still dumb questions being asked many times where the answers and more are here in the thread or in Seiden's stuff. Its no wonder the originators have left.
  • #20,362
  • Sep 30, 2011 1:51am Sep 30, 2011 1:51am
Quoting Porkpie
No disrespect to you eaglestar but its a real shame this thread has gone down the toilet somewhat.

Look, why would you not want to put a sell limit there. Think about the strength of the level and whether it has been tested before.
No its fine. I understand what you are saying. All I was saying is don't blindly put orders anywhere. That was my point. Feel free to contribute.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #20,363
  • Sep 30, 2011 2:10am Sep 30, 2011 2:10am
Quoting eaglestar
No its fine. I understand what you are saying. All I was saying is don't blindly put orders anywhere. That was my point. Feel free to contribute.
I wasn't responding to your reply which is sensible given the level has been tested before. A strong move would probably break through but price action would be needed to determine this. Had it not been tested before, a strong move into the level is what we want as this tells us many retail traders have entered long into a supply level after a sustained up move and a limit order would be appropriate if other conditions also met.

My comment was a general remark about the lack of regard to Red's original material. I can't talk as I contribute very little. This thread was deemed sacred by many most of whom have now moved on, and the thread is evolving, although into a different direction. Anyway i'm off. Have a good weekend
  • #20,364
  • Sep 30, 2011 4:52am Sep 30, 2011 4:52am
Quoting eaglestar
Good Idea brother, just watch price action first to before putting your order in the market, because if price is running up fast, you may be stopped. All the best.
okey, thank's for your advice buddy.
yep, I;ve closed that position manually, and thank God, price went down as soon as I close it...
lolz
TRADING IS SIMPLE BUT NOT EAZY
  • #20,365
  • Sep 30, 2011 4:55am Sep 30, 2011 4:55am
Quoting Porkpie
Why would you not want to put a sell limit there. Think about the strength of the level and whether it has been tested before.

No disrespect to you eaglestar but its a real shame this thread has gone down the toilet somewhat. (I think you should start your own thread).

There are still dumb questions being asked many times where the answers and more are here in the thread or in Seiden's stuff. Its no wonder the originators have left.
okey, that's good idea to put a sell order.
that one I still researching untill now, how if the level has been tested two times, and the second give a stronger push than the first. I think that area should have be considered.
for now, my priority is rally-base-drop and drop-base-rally. but if it possible I would take drop-based-drop and rally-based-rally.
anw thank's Porkpie for the advice
TRADING IS SIMPLE BUT NOT EAZY
  • #20,366
  • Sep 30, 2011 5:45am Sep 30, 2011 5:45am
http://i1117.photobucket.com/albums/...G/EURUSD-1.png

how about this zone? the zone has been visited for 2 times in the past, and today price visited it again, and would it be good to enter long now? will it be a pullback or break out this zone?
TRADING IS SIMPLE BUT NOT EAZY
  • #20,367
  • Sep 30, 2011 12:30pm Sep 30, 2011 12:30pm
boring stuff. simple stuff. normally trading the higher tf (too old for stressfull trading days). took this here with some "tea money". already +20 pips in the money...
great thread, great people, rock on!
Attached Image (click to enlarge)
Click to Enlarge Name: gj5.gif Size: 30 KB
meine augen sind die sterne
  • #20,368
  • Sep 30, 2011 1:35pm Sep 30, 2011 1:35pm
Quoting aserbfx
boring stuff. simple stuff. normally trading the higher tf (too old for stressfull trading days). took this here with some "tea money". already +20 pips in the money...
great thread, great people, rock on!
wow, very cool, sell on very top
I wonder how did you take that position?
and how did you determine that supply level?
TRADING IS SIMPLE BUT NOT EAZY
  • #20,369
  • Edited 3:49pm Sep 30, 2011 2:14pm | Edited 3:49pm
Quoting green_trader
wow, very cool, sell on very top
I wonder how did you take that position?
and how did you determine that supply level?
you don't see it for yourself?!
wait ... i guess orbital is about to answer ....
meine augen sind die sterne
  • #20,370
  • Sep 30, 2011 3:48pm Sep 30, 2011 3:48pm
Quoting aserbfx
boring stuff. simple stuff. normally trading the higher tf (too old for stressfull trading days). took this here with some "tea money". already +20 pips in the money...
great thread, great people, rock on!
no need to explain...
Attached Image (click to enlarge)
Click to Enlarge Name: gj6.gif Size: 30 KB
meine augen sind die sterne
  • #20,371
  • Sep 30, 2011 4:15pm Sep 30, 2011 4:15pm
Quoting aserbfx
no need to explain...
Very boring stuff

Nice trade
  • #20,372
  • Sep 30, 2011 9:34pm Sep 30, 2011 9:34pm
Quoting aserbfx
you don't see it for yourself?!
wait ... i guess orbital is about to answer ....
  • #20,373
  • Oct 1, 2011 12:50am Oct 1, 2011 12:50am
Nice triangle setup with M1 and M5 engulfing confirmation on EU today. Also shows nice S becomes R as price drops below bottom line.

My first try at posting an image. Hope it works.
Attached Image (click to enlarge)
Click to Enlarge Name: sept 30 eu m1.jpg Size: 80 KB
  • #20,374
  • Oct 1, 2011 10:52am Oct 1, 2011 10:52am
Quoting Porkpie
No disrespect to you eaglestar but ... (I think you should start your own thread).
That does seem appropriate. Excellent charts but...

http://www.forexfactory.com/showthre...26#post3626726

But what do I know.
Charts are limited in nature. What is the relative location?
  • #20,375
  • Oct 2, 2011 10:01am Oct 2, 2011 10:01am
Quoting bmac
That does seem appropriate. Excellent charts but...

http://www.forexfactory.com/showthre...26#post3626726

But what do I know.
Hi bmac. I had met Red before this thread was even created. I had mentioned to him that I was posting a bit on forexfactory, and he invited me here to join the thread. I had not posted earlier because I had some personal problems I was dealing with in my family.
[2/9/2011 6:56:04 PM] redsword11: hi, not in any room, just left all that behind, never got any traders that actually posted trades based on anything that made any sense
[2/9/2011 6:56:19 PM] redsword11: so, not in any room, besides l usually get thrown out anyway
[2/9/2011 6:57:08 PM] redsword11: join us in the thread, feel free
[2/9/2011 6:57:40 PM] redsword11: ok, bye for now

I have come here to learn, and to get my trading to the next level. I have made it through PIE book many times as well as have read the first 1100 pages of the thread so far and will finish it this week. If my charts are too messy or you can not understand them I apologize. I work 50+ hours a week studying, trading, and posting. I not only post for myself to learn, but also for others here, and will consider creating my own thread, but I don't really know the point of it. Thank you all.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #20,376
  • Oct 2, 2011 1:08pm Oct 2, 2011 1:08pm
Quoting eaglestar
and he invited me here to join the thread.
Oh crap...you see, what do I know. Open mouth, insert foot, knee & hip. No apology needed. Let me apologize, please. It was not my intent to offend and I have no cred here. I like your work. Please continue....here and/or otherwise.

So as not to add only clutter...a chart

Attached Image (click to enlarge)
Click to Enlarge Name: eursud 9-30-11 m15.jpg Size: 92 KB
Charts are limited in nature. What is the relative location?
  • #20,377
  • Oct 2, 2011 1:19pm Oct 2, 2011 1:19pm
Quoting green_trader
okey, that's good idea to put a sell order.
that one I still researching untill now, how if the level has been tested two times, and the second give a stronger push than the first.
Yes but the first push down was still absorbing demand and the second touch into the level had to absorb more supply to take it down further (like a no demand test for those trading vsa). You'll get it I am sure, think logically.
  • #20,378
  • Oct 2, 2011 1:25pm Oct 2, 2011 1:25pm
Quoting green_trader
http://i1117.photobucket.com/albums/...G/EURUSD-1.png

how about this zone? the zone has been visited for 2 times in the past, and today price visited it again, and would it be good to enter long now? will it be a pullback or break out this zone?
No, demand has been absorbed, look lower.

Def not a limit order where you have the next trade, you would need PA confirmation and be in it for a quick scalp if at all.
  • #20,379
  • Oct 2, 2011 1:31pm Oct 2, 2011 1:31pm
Quoting aserbfx
you don't see it for yourself?!
wait ... i guess orbital is about to answer ....
Lol, don't tempt him (though I expect he's done with hitting his head against a brick wall with this thread).
  • #20,380
  • Oct 3, 2011 12:36am Oct 3, 2011 12:36am
Charts
Attached Image(s) (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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