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Price is everything

  • #21,421
  • Nov 4, 2011 10:49am Nov 4, 2011 10:49am
Quoting anthoniex
Nice one Sword!

I'm long on this one too. I must say it takes skills and courage to show real trade set-ups before they happen, even though we don't have to...

GU
Worst thing that happens, is that we are wrong. Anyone who thinks they can tip toe in these markets without being wrong has a serious reality call coming.
  • #21,422
  • Nov 4, 2011 11:31am Nov 4, 2011 11:31am
Quoting redsword11
Attachment


out most upper, locked lower , took some out too on lower



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out most, locked



got sells on cable from around 1.60300 for scalps, could visit 1.60050
  • #21,423
  • Nov 4, 2011 11:34am Nov 4, 2011 11:34am
Quoting redsword11
Attachment


out most, locked



got sells on cable from around 1.60300 for scalps, could visit 1.60050
Looking over shoulders again.
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  • #21,424
  • Edited 12:06pm Nov 4, 2011 11:45am | Edited 12:06pm
Short EU, bear flag on M5 into supply.

Manually closed them all, painfully slow.

I'm off, good w/e all.
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  • #21,425
  • Nov 4, 2011 12:19pm Nov 4, 2011 12:19pm
Hello. I give you the worst trendline ever. Drew it on a messy chart, took the trade, cleaned the chart, saw the trendline, saw it went through price, fell off my chair, and finally laughed a bit. The dots are not connected, there is nothing good with it. It might still work, but in any case I will remember this one.

"just through some random lines on it man, and buy sell as you feel
none of this works anyway"

Red.
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Hello.
  • #21,426
  • Nov 4, 2011 12:23pm Nov 4, 2011 12:23pm
Update. The inverted head n shoulders resolved north and gave me good pips. This will now be called the drunks trendlines technique.

Quoting emene
Hello. I give you the worst trendline ever. Drew it on a messy chart, took the trade, cleaned the chart, saw the trendline, saw it went through price, fell off my chair, and finally laughed a bit. The dots are not connected, there is nothing good with it. It might still work, but in any case I will remember this one.

"just through some random lines on it man, and buy sell as you feel
none of this works anyway"

Red.
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Hello.
  • #21,427
  • Nov 4, 2011 12:34pm Nov 4, 2011 12:34pm
Last trade today. Gotta run out. Oh well. Not a bad going today. That buy limit on the chart there is just from the mouse curser. No new long orders there.
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Do your time and enjoy the ride...
  • #21,428
  • Nov 4, 2011 12:48pm Nov 4, 2011 12:48pm
Bought the retest of the neckline, classic. God bless this stupid first trendline ^^

Quoting emene
Update. The inverted head n shoulders resolved north and gave me good pips. This will now be called the drunks trendlines technique.
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Hello.
  • #21,429
  • Nov 4, 2011 1:48pm Nov 4, 2011 1:48pm
I guess that ill start to post here my charts and trades. Hope you dont mind :-)

Here is my latest and currently only one open trade.

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  • #21,430
  • Nov 4, 2011 2:20pm Nov 4, 2011 2:20pm
Quoting redsword11
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out upper buy, closed most lower


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  • #21,431
  • Nov 4, 2011 2:25pm Nov 4, 2011 2:25pm
Quoting emene
Bought the retest of the neckline, classic. God bless this stupid first trendline ^^


.......... this type of thing can only happen to you emene


goodness me, wtfx
  • #21,432
  • Nov 4, 2011 2:36pm Nov 4, 2011 2:36pm
Any pair, any time frame. Do not let anyone tell you u can't trade m1. Nothing is random. Flag at demand.
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Hello.
  • #21,433
  • Nov 4, 2011 2:48pm Nov 4, 2011 2:48pm
Redsword, Michael, great to have you back here. I have been lurking and learning from you guys (and If and Alex etc.)

I am not going to wait for the outcome on this one, risking 10 to make 20.

Off to the pub, have a great weekend.

Leon
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  • #21,434
  • Nov 4, 2011 3:49pm Nov 4, 2011 3:49pm
Quoting Kindke
my view on eu, we had 2 strong rally's today compared to only 1 dip and the dip was mainly news driven by the ECB surprise, i think we will break to upside but stall at the second supply level, which is also just above the 50% retrace from the drop from the recent highs.
Lower supply zone still holding, amazing, I didnt take any shorts from it today sadly as I was far too influenced by my "bias" that the market looks aggressively bullish,

I need to learn to stop paying so much attention to the news and what others say and just trade the price on the chart!
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  • #21,435
  • Nov 4, 2011 3:57pm Nov 4, 2011 3:57pm
Quoting Kindke
I need to learn to stop paying so much attention to the news and what others say and just trade the price on the chart!
You got it! Ignore the nonsense, place your trades based on what PA is telling you. If your wrong, your wrong. If your right, enjoy! Rinse and repeat.
  • #21,436
  • Nov 4, 2011 4:06pm Nov 4, 2011 4:06pm
last trade 4 this week...

terlalu sedikit
http://i1117.photobucket.com/albums/...ADING/AUm5.png
TRADING IS SIMPLE BUT NOT EAZY
  • #21,437
  • Nov 4, 2011 4:27pm Nov 4, 2011 4:27pm
Quoting Venice
You got it! Ignore the nonsense, place your trades based on what PA is telling you. If your wrong, your wrong. If your right, enjoy! Rinse and repeat.

Very wise words, Venice. Great thread, Red, enjoying going through it. Have a great weekend and green pips to all!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #21,438
  • Nov 4, 2011 4:36pm Nov 4, 2011 4:36pm
Quoting Trader131
Very wise words, Venice. Great thread, Red, enjoying going through it. Have a great weekend and green pips to all!

.......... and welcome Trader131



keep well all
  • #21,439
  • Nov 6, 2011 2:22am Nov 6, 2011 2:22am
Hi, i follow this thread and am very thnakfull for the knowledge.However i do have some 2 questions for red:
1)when do u stop trading after u are out of sync and had too many loosers in a row? do u have a daily stop limit?
2)I can see the setups work best at londo open+ 2 hours and US open + 2 hours.
Do u also trade other times when market are not so liquid with same setups?eg. before londo , after us etc...
Tnx
  • #21,440
  • Edited 11:46am Nov 6, 2011 11:11am | Edited 11:46am
For whatever reason, Fridays have been a day where I got the worst of myself and can ruin a good week of trading. Almost happened again, so post analysis has me a little disgusted with myself. I had the h4 wedge mapped out prior to the news. Instead of waiting patiently the whipsaw had me chasing my tail. Just stupid. I ended positive but disgusted I missed what seems an obvious entry now.

I'll call this sequential engulfing ala Redsword.

Thank you anthoniex for the unexpected.

@Winrunner
This is not a flame. Near as I can tell Red never stops. He just keeps working, more than anyone I've ever seen. (edit: except for KennyZ... maybe) When he sees it, he takes the trade. Just like he always says: any tf, any pair. All the answers are in this forum and then in between your ears to make it yours.

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Charts are limited in nature. What is the relative location?
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