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Price is everything

  • #21,641
  • Nov 8, 2011 8:26pm Nov 8, 2011 8:26pm
Cheers sebastian you have it. And yes... banter free thread... cant help meself much at times... heh heh... back to trading and good luck.
  • #21,642
  • Nov 8, 2011 8:32pm Nov 8, 2011 8:32pm
Quoting redsword11
re entry


sold @ 97.18

scalped a few, crazy bullish
  • #21,643
  • Nov 8, 2011 8:55pm Nov 8, 2011 8:55pm
Seems like crude wants to head to the $100 area. Looks like some compression the past 6 days. Heavy volume was traded in crude futures around 98.50-99.50
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  • #21,644
  • Nov 8, 2011 9:22pm Nov 8, 2011 9:22pm
Quoting redsword11
scalped a few, crazy bullish
Redword11,which support is right?
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  • #21,645
  • Nov 8, 2011 10:08pm Nov 8, 2011 10:08pm
Short
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  • #21,646
  • Nov 8, 2011 10:11pm Nov 8, 2011 10:11pm
UJ short............done trading for the day.
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  • #21,647
  • Nov 8, 2011 10:27pm Nov 8, 2011 10:27pm
Quoting redsword11
Attachment


it has stacked levels, often the lower one is a trap, only then to turn @ the higher one


its tricky
I really love this analysis. learning from mistake is a easy way to improve our trading skills.
  • #21,648
  • Nov 8, 2011 10:35pm Nov 8, 2011 10:35pm
Quoting bobowang
I really love this analysis. learning from mistake is a easy way to improve our trading skills.
agreed.

this lesson will be ingrained from now on.
- Look to the left, Trade to the right - I am the system
  • #21,649
  • Nov 8, 2011 10:49pm Nov 8, 2011 10:49pm
Quoting firstaid
UJ short............done trading for the day.
Sebastian, Redword11.
See this graph has also stacked levels and it reverse down at the 1st level (lower level).
How could we determined this condition?
Whether it will reverse at first level or second (higher) level? How can we be sure the first level is trap?
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  • #21,650
  • Nov 8, 2011 11:52pm Nov 8, 2011 11:52pm
e/u compressing

off to work
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  • #21,651
  • Nov 8, 2011 11:55pm Nov 8, 2011 11:55pm
Quoting gristar
Sebastian, Redword11.
See this graph has also stacked levels and it reverse down at the 1st level (lower level).
How could we determined this condition?
Whether it will reverse at first level or second (higher) level? How can we be sure the first level is trap?
I'll just put my opinion, if you don't mind.
We couldn't exactly know it would couse reversal - this is a probabilities game. The first reversal could give some indication, that it could turn price again, so you could have taken that second reversal.
  • #21,652
  • Nov 8, 2011 11:59pm Nov 8, 2011 11:59pm
Agreed............I'm also now working the philosophy that you can't lose money if you miss a trade. But I've proven you can lose money by taking a low probability trade.

So, yes, you may have missed that one ( but your capital would be safe for the next trade ).
- Look to the left, Trade to the right - I am the system
  • #21,653
  • Nov 9, 2011 12:07am Nov 9, 2011 12:07am
Quoting bangster
I'll just put my opinion, if you don't mind.
We couldn't exactly know it would couse reversal - this is a probabilities game. The first reversal could give some indication, that it could turn price again, so you could have taken that second reversal.
Thank you for your opinion.. Appreciate it.
I would like to add something on top of that. I remember advice from Sam Seiden. The second or third time it touched the supply line, less likely it will reverse. The more time it touched the supply line, the selling signal fading away.
  • #21,654
  • Nov 9, 2011 1:29am Nov 9, 2011 1:29am
EU
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  • #21,655
  • Nov 9, 2011 3:08am Nov 9, 2011 3:08am
crude oil sell S/r flip with evening star.

sold
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Have I got something on my face, SOLDIER?
  • #21,656
  • Nov 9, 2011 3:12am Nov 9, 2011 3:12am
nice buddy. easy catch, easy cash.

Quoting bumapatria
crude oil sell S/r flip with evening star.

sold
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Hello.
  • #21,657
  • Nov 9, 2011 3:14am Nov 9, 2011 3:14am
Quoting emene
nice buddy. easy catch, easy cash.
so u accelerated the price! thanx

hey emene how are you?

ure one of the ones under the PA legends banner right?

im sure ure max leveraging al lof this gr...
Have I got something on my face, SOLDIER?
  • #21,658
  • Nov 9, 2011 4:13am Nov 9, 2011 4:13am
Quoting gristar
Sebastian, Redword11.
See this graph has also stacked levels and it reverse down at the 1st level (lower level).
How could we determined this condition?
Whether it will reverse at first level or second (higher) level? How can we be sure the first level is trap?


within the context of the conversation that was taking place, this comparison can not be made when discussing stacked levels


reasoning ..........UJ downtrend, trading within the trend. Gold uptrend, its a swing trade setup
  • #21,659
  • Nov 9, 2011 4:14am Nov 9, 2011 4:14am
Quoting Gloryrose
Redword11,which support is right?



price reaction will tell you, l can't
  • #21,660
  • Nov 9, 2011 4:16am Nov 9, 2011 4:16am
Eu
Don't understand everything but have tried this one.
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Rien ne sert de courir il faut partir à point.
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