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Price is everything

  • #20,461
  • Oct 23, 2011 11:20pm Oct 23, 2011 11:20pm
If a general bullish engulfing is used , Then there will be no loosers ..Its a patern of kinda engulfing but kinda different .. Just think generally on ur mind which creates momentum or test the one which gives you momentum..

All you need to have a candle which gives momentum..it can be engulfing or even pin bars or inside bars ..Test and see which gives you nice momentum..




Quoting Deusomega
Well if your definition is the strict definition then yes.

Bullish engulfing must take out the low of the previous bar and engulf it to take out the high.

In your DX chart your listed bullish engulfing didn't take out the low of the previous down bar. So in the strict sense it isn't bullish engulfing is it?
Institutional traders are nothing but eating retailers
  • #20,462
  • Oct 23, 2011 11:22pm Oct 23, 2011 11:22pm
Looks like it took out 7 or 8...Smart guy..

Quoting Deusomega
Well if your definition is the strict definition then yes.

Bullish engulfing must take out the low of the previous bar and engulf it to take out the high.

In your DX chart your listed bullish engulfing didn't take out the low of the previous down bar. So in the strict sense it isn't bullish engulfing is it?
  • #20,463
  • Oct 23, 2011 11:28pm Oct 23, 2011 11:28pm
Quoting redsword11
sold dow futures CFD @ 11812.00 stops @ 11845.00


refer to h1 and h4

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and kiwi


will hold south
  • #20,464
  • Oct 23, 2011 11:36pm Oct 23, 2011 11:36pm
Quoting redsword11
Attachment

Attachment


and kiwi


will hold south
morning red ,

whats your reason for selling here ?

kindest regards,
Jonas
Hero calls followed by margin calls...
  • #20,465
  • Oct 23, 2011 11:43pm Oct 23, 2011 11:43pm
Quoting PhAnTi'
morning red ,

whats your reason for selling here ?

kindest regards,
Jonas

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reaction to broken pivot ...s/r

locked upper, closed lower
  • #20,466
  • Oct 23, 2011 11:48pm Oct 23, 2011 11:48pm
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if this gets respected, we will have quite a different market this week


monitor for reaction and insight
  • #20,467
  • Oct 24, 2011 12:41am Oct 24, 2011 12:41am
Red, I studied for a long time your charts about correlation of USDCAD and CADJPY, - and real USD strength vs fake strength...

Still not much into lower timeframes, but thought I say thank you.

Have a successful week.

( Edit : pic see 4h CADJPY, I mostly trade medium-term. )


__________
michael
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Be like water.
  • #20,468
  • Oct 24, 2011 12:46am Oct 24, 2011 12:46am
Quoting msmarple
Red, I studied for a long time your charts about correlation of USDCAD and CADJPY, - and real USD strength vs fake strength...

Still not much into lower timeframes, but thought I say thank you.

Have a successful week.

( Edit : pic see 4h CADJPY, I mostly trade medium-term. )


__________
michael


takes a bit of screentime to real see it, but once it sinks in, well, it sinks in and you get the market phasing when it comes to the commodity fx pairs. Also, just have a look @ gbpcad and eurcad when cadjpy is @ supply and demand areas too........you might see something else you like


always a gent (unlike me)


best regards
  • #20,469
  • Oct 24, 2011 2:33am Oct 24, 2011 2:33am
Hello red and traders,

First off, thank you red and everyone for such a great thread. (I am working my way through it as time permits.)

To cut a long story short, I have been trading PA on daily and 4hr charts for 2 years and want to be able to get more trades, so trying to add 5 min charts etc.

Could someone be so kind as to comment on this supply zone E/J, I took a short here on the 5 min (still demo until I get to grips with this).

I took the short without PA, which is not my preferred way but its just practice more than anything.

What I really want to know is how good this supply zone is and have I drawn it correctly.

Thanks,

h2
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  • #20,470
  • Oct 24, 2011 3:26am Oct 24, 2011 3:26am
Hi Red - good to see you back posting

I have a SD question for you , I hope you can answer.Cheers
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  • #20,471
  • Oct 24, 2011 3:27am Oct 24, 2011 3:27am
Quoting highlander2
Hello red and traders,

First off, thank you red and everyone for such a great thread. (I am working my way through it as time permits.)

To cut a long story short, I have been trading PA on daily and 4hr charts for 2 years and want to be able to get more trades, so trying to add 5 min charts etc.

Could someone be so kind as to comment on this supply zone E/J, I took a short here on the 5 min (still demo until I get to grips with this).

I took the short without PA, which is not my preferred way but its just practice more than anything.

What...

yes, valid ........ all levels drawn are subjective until PA tells you otherwise, so in this case there was a good bearish reaction, tg is fine too



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  • #20,472
  • Oct 24, 2011 3:33am Oct 24, 2011 3:33am
shorted au at top (resisten)
http://i1117.photobucket.com/albums/...ADING/AU-2.png

by considering nz at resisten, ucad at supprot, and nice bearish engulfing formed.
TRADING IS SIMPLE BUT NOT EAZY
  • #20,473
  • Oct 24, 2011 3:39am Oct 24, 2011 3:39am
Quoting redsword11
yes, valid ........ all levels drawn are subjective until PA tells you otherwise, so in this case there was a good bearish reaction, tg is fine too
Okay red, thanks for pointing out that upper level, It was respected on 15th september as well and has confluence of round number. Nice level.

PS. I'm In Scotland as well, traders seem to be thin on the ground here.

h2
  • #20,474
  • Oct 24, 2011 3:40am Oct 24, 2011 3:40am
Quoting chazzle
Hi Red - good to see you back posting

I have a SD question for you , I hope you can answer.Cheers

yes, demand consumption, once complete by the underwicks, the next bear candles have a clearer path south.....


the issue with all this is that its demand consumption confirmed ONLY AFTER THE BEARS DROP THROUGH, so its a good assumption but only confirmed AFTER the level is taken


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kinda junk on the left now, so l am out most on these sells
  • #20,475
  • Oct 24, 2011 3:53am Oct 24, 2011 3:53am
Quoting redsword11
yes, demand consumption, once complete by the underwicks, the next bear candles have a clearer path south.....


the issue with all this is that its demand consumption confirmed ONLY AFTER THE BEARS DROP THROUGH, so its a good assumption but only confirmed AFTER the level is taken

ok - thanks for the reply

all the best
  • #20,476
  • Oct 24, 2011 3:53am Oct 24, 2011 3:53am
Quoting highlander2
Okay red, thanks for pointing out that upper level, It was respected on 15th september as well and has confluence of round number. Nice level.

PS. I'm In Scotland as well, traders seem to be thin on the ground here.

h2

yes quite, none near me that l know
  • #20,477
  • Oct 24, 2011 3:56am Oct 24, 2011 3:56am
Quoting chazzle
ok - thanks for the reply

all the best


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further PA
  • #20,478
  • Oct 24, 2011 4:01am Oct 24, 2011 4:01am
Quoting redsword11
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further PA
Nice trade Redsword
Trade with the momentum
  • #20,479
  • Oct 24, 2011 4:02am Oct 24, 2011 4:02am
Quoting redsword11
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and kiwi


will hold south

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further sell on dow, locked out most
  • #20,480
  • Oct 24, 2011 4:06am Oct 24, 2011 4:06am
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should visit 1.59150 area
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