- #21,621
- Nov 8, 2011 2:28pm Nov 8, 2011 2:28pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #21,624
- Nov 8, 2011 2:51pm Nov 8, 2011 2:51pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #21,625
- Nov 8, 2011 3:19pm Nov 8, 2011 3:19pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #21,626
- Nov 8, 2011 3:58pm Nov 8, 2011 3:58pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #21,628
- Nov 8, 2011 4:41pm Nov 8, 2011 4:41pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #21,630
- Nov 8, 2011 5:12pm Nov 8, 2011 5:12pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #21,632
- Edited 6:00pm Nov 8, 2011 5:34pm | Edited 6:00pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
short Gold.
Bearish PA around supply zone.
Red, or other more senior members...........is there something blatant that I missed? or do I just chalk this up to 'you cant win em all'
3rd loss of the day, might just need to stay aside for the rest I think!
- Look to the left, Trade to the right
- I am the system
- #21,634
- Nov 8, 2011 6:01pm Nov 8, 2011 6:01pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
multiple sells on cable around 1.61111 area
closed most lower sells, locked upper
- #21,635
- Nov 8, 2011 6:08pm Nov 8, 2011 6:08pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Stopped out at a loss
Red, or other more senior members...........is there something blatant that I missed? or do I just chalk this up to 'you cant win em all'
3rd loss of the day, might just need to stay aside for the rest I think!
it has stacked levels, often the lower one is a trap, only then to turn @ the higher one
its tricky
- #21,637
- Nov 8, 2011 6:11pm Nov 8, 2011 6:11pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
Stopped out at a loss
Red, or other more senior members...........is there something blatant that I missed? or do I just chalk this up to 'you cant win em all'
3rd loss of the day, might just need to stay aside for the rest I think!
Keep at it, and red replied above.
- #21,638
- Nov 8, 2011 6:20pm Nov 8, 2011 6:20pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Venice,
I've been trading about 2 years...but much of that time was wasted searching for a 'system' and jumping from one method and combination of indicators to the next. The last 6 months I ditched all my indicators, and focussed more on Sam Seiden style supply and demand ( but with pending orders - which was not very successful for me ). Still, I see the value in the whole Supply / Demand + S/R.
I'm hell bent on mastering this profession, and using PA only as is done here on PIE.......I've lost some $$$ in the last 2 years, but my theory is that my learning curve should include using some real money.........it's all just too easy on demo, so for me, I'm learning to master my own emotions as much as the actual 'method'. I know I'll 'get it' one day ( hopefully soon ).
I'm generally quite good at picking a winning trade. Unfortunately I'm also good at taking less than optimal trades, which ruin it for me!
I've seen some improvement since I found this thread, but have a long way to go.
Anyway, this thread isnt for banter...it's for trading............so I'm going to wait patiently for Gold to get to that upper supply level, and see what happens!
I've been trading about 2 years...but much of that time was wasted searching for a 'system' and jumping from one method and combination of indicators to the next. The last 6 months I ditched all my indicators, and focussed more on Sam Seiden style supply and demand ( but with pending orders - which was not very successful for me ). Still, I see the value in the whole Supply / Demand + S/R.
I'm hell bent on mastering this profession, and using PA only as is done here on PIE.......I've lost some $$$ in the last 2 years, but my theory is that my learning curve should include using some real money.........it's all just too easy on demo, so for me, I'm learning to master my own emotions as much as the actual 'method'. I know I'll 'get it' one day ( hopefully soon ).
I'm generally quite good at picking a winning trade. Unfortunately I'm also good at taking less than optimal trades, which ruin it for me!
I've seen some improvement since I found this thread, but have a long way to go.
Anyway, this thread isnt for banter...it's for trading............so I'm going to wait patiently for Gold to get to that upper supply level, and see what happens!
- Look to the left, Trade to the right
- I am the system
- #21,640
- Nov 8, 2011 6:26pm Nov 8, 2011 6:26pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
OK...so if I ever see the same configuration again, I should wait for higher one.........I could miss a trade.........but I will also avoid a loss.
Thanks for the guidance Red..........thats' one mistake I won't make again!
..... its also developed into a diamond configuration as it appears just now, and they are a mindfcuk @ the best of times
ok, just watch this play out and see if it drops from the higher zone
diamonds often occur as an early sign of a reversal and the reason for it is to trap as much retail money as possible, it tends to trap buyers and sellers then resolves very quickly after it completes a cycle of trapping retail