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Price is everything

  • #20,961
  • Oct 31, 2011 5:21am Oct 31, 2011 5:21am
Quoting redsword11
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there is a hammer in the zone, yet to be taken north, but monitor


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  • #20,962
  • Oct 31, 2011 5:37am Oct 31, 2011 5:37am
Quoting redsword11
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done
  • #20,963
  • Oct 31, 2011 7:02am Oct 31, 2011 7:02am
  •  Atom
  • | Joined Jul 2010 | Status: An atom..no more..probably less! | 44 Posts
Quoting redsword11
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done
Hi Red, Thank you for the great thread. I learn a lot from your analysis and techniques.
I have a question regarding your EG trade. Can you elaborate on why you ignored the support area 8780 -8760(blue rectangle)?
Many thanks...
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  • #20,964
  • Oct 31, 2011 7:09am Oct 31, 2011 7:09am
Quoting Atom
Hi Red, Thank you for the great thread. I learn a lot from your analysis and techniques.
I have a question regarding your EG trade. Can you elaborate on why you ignored the support area 8780 -8760(blue rectangle)?
Many thanks...


l didn't ignore it, l closed most out there and left the rest running
  • #20,965
  • Oct 31, 2011 7:10am Oct 31, 2011 7:10am
Quoting Atom
Hi Red, Thank you for the great thread. I learn a lot from your analysis and techniques.
I have a question regarding your EG trade. Can you elaborate on why you ignored the support area 8780 -8760(blue rectangle)?
Many thanks...

Look how many times (blue arrows) that supply level has been visited. All the supply has been consumed. Moreover at the levl took by Red price previously dropped like a stone (rally base drop) confirming the validity of the level.

Just my 2 c. Hope it helps
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  • #20,966
  • Oct 31, 2011 7:10am Oct 31, 2011 7:10am
EU 5M range
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  • #20,967
  • Oct 31, 2011 7:19am Oct 31, 2011 7:19am
Quoting ogeid
Look how many times (blue arrows) that supply level has been visited. All the supply has been consumed. Moreover at the levl took by Red price previously dropped like a stone (rally base drop) confirming the validity of the level.

Just my 2 c. Hope it helps

it still could have been a r/s zone, the supply consumption and drops wont stop the level acting like a r/s zone, so in this case it was more a case of will it go through or not? close your trade @ the possible r/s or not?


l was happy with the result to the zone and left it running locked it shortly after and went to tg near the source of the rally ........ supply to demand


it is a pole and flag situation


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  • #20,968
  • Oct 31, 2011 7:31am Oct 31, 2011 7:31am
It was a fantistic trade Red. Shapò.

Funny is, I had the same level marked on the my chart but was not there to pull the trigger.

BTW thanks for coming back and keeping alive this superb thread.

Quoting redsword11
it still could have been a r/s zone, the supply consumption and drops wont stop the level acting like a r/s zone, so in this case it was more a case of will it go through or not? close your trade @ the possible r/s or not?


l was happy with the result to the zone and left it running locked it shortly after and went to tg near the source of the rally ........ supply to demand


it is a pole and flag situation


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  • #20,969
  • Oct 31, 2011 9:24am Oct 31, 2011 9:24am
trying to fade this move on cable
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  • #20,970
  • Oct 31, 2011 9:27am Oct 31, 2011 9:27am
Possible area to go long, not going to take the TL setup dut to the size of the drop. Will watch PA around 3890.
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  • #20,971
  • Oct 31, 2011 9:29am Oct 31, 2011 9:29am
Quoting highlander2
trying to fade this move on cable
took a 1/3 +20
  • #20,972
  • Oct 31, 2011 10:32am Oct 31, 2011 10:32am
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heavy scalps in tight ranges
  • #20,973
  • Oct 31, 2011 11:00am Oct 31, 2011 11:00am
Quoting highlander2
took a 1/3 +20


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  • #20,974
  • Oct 31, 2011 11:11am Oct 31, 2011 11:11am
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  • #20,975
  • Oct 31, 2011 11:15am Oct 31, 2011 11:15am
Quoting redsword11
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closed lower, locked upper
  • #20,976
  • Oct 31, 2011 11:26am Oct 31, 2011 11:26am
Quoting redsword11
Attachment
hope mine going well

http://i1117.photobucket.com/albums/...ADING/GU-3.png
TRADING IS SIMPLE BUT NOT EAZY
  • #20,977
  • Edited 11:49am Oct 31, 2011 11:28am | Edited 11:49am
Quoting highlander2
took a 1/3 +20
out rest

edit- chart below is wrong, round number is 1.61
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  • #20,978
  • Oct 31, 2011 11:47am Oct 31, 2011 11:47am
sold crude @ 93.41 @ dtl 15, 30min
  • #20,979
  • Oct 31, 2011 12:18pm Oct 31, 2011 12:18pm
Quoting redsword11
sold crude @ 93.41 @ dtl 15, 30min

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out 2/3
  • #20,980
  • Oct 31, 2011 12:23pm Oct 31, 2011 12:23pm
Quoting redsword11
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closed lower, locked upper

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