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Price is everything

  • #21,761
  • Nov 10, 2011 4:19am Nov 10, 2011 4:19am
Closed Eu before tg , not easy for me to spot the zone precisely, my box was too high.
Attached Image (click to enlarge)
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Rien ne sert de courir il faut partir à point.
  • #21,762
  • Nov 10, 2011 4:21am Nov 10, 2011 4:21am
Quoting redsword11
sold eu @ 1.36118, will add south around 1.36150


should visit around 1.35700 area


as always, will monitor PA as it develops


manual
took the same trade
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  • #21,763
  • Nov 10, 2011 4:24am Nov 10, 2011 4:24am
Quoting redsword11
sold eu @ 1.36118, will add south around 1.36150


should visit around 1.35700 area


as always, will monitor PA as it develops


manual
hi,

was just wondering how big is your stoploss. i sold eu around 3605 but got taken out around 3620.

and in what criteria did you take the trade? on engulfing? or entered based on gut feelings?

thanks!
  • #21,764
  • Nov 10, 2011 4:33am Nov 10, 2011 4:33am
Quoting keikor
hi,

was just wondering how big is your stoploss. i sold eu around 3605 but got taken out around 3620.

and in what criteria did you take the trade? on engulfing? or entered based on gut feelings?

thanks!
just my opinion... there is a number of supply zones stacked on top of each other here. i took the highest one because usually when they are stacked like this the lower ones get broken
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  • #21,765
  • Nov 10, 2011 4:37am Nov 10, 2011 4:37am
Quoting vasmiza
just my opinion... there is a number of supply zones stacked on top of each other here. i took the highest one because usually when they are stacked like this the lower ones get broken
thanks for the reply. i was just curios how did you guys even get such good entries. i assumed you guys didnt wait for bars to close right and entered in the middle right?

i was monitoring the eu 5min and when i waited for the bar to close, it's very hard to get good entries such as 3611 like red did.
  • #21,766
  • Nov 10, 2011 4:44am Nov 10, 2011 4:44am
Quoting vasmiza
took the same trade


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yes, thats the level


@ Flytox, you have the idea, many examples in here of it, make it your own now
  • #21,767
  • Nov 10, 2011 4:48am Nov 10, 2011 4:48am
Quoting keikor
hi,

was just wondering how big is your stoploss. i sold eu around 3605 but got taken out around 3620.

and in what criteria did you take the trade? on engulfing? or entered based on gut feelings?

thanks!


l don't trade gut feelings


can't give you all answers, takes screentime and correlation work to determine the best probabilities in your choices you make in a fluid market


and my choices are fluid not rigid like most, so l can show you the strategy not give you exact rules like everyone seems to want


each trade has its OWN character, therefore should be treated as such and adapt to what PA is telling you as its developing


make it your own
  • #21,768
  • Nov 10, 2011 5:05am Nov 10, 2011 5:05am
Quoting redsword11


make it your own
Red and others here have taught you how the market works.

If you first learn how it works, you will gradually learn how to trade it your own way.

Trading is an art form. We can teach you how to stretch a canvas and mix the paints, about line and form etc, but only with experience and an understanding of your own mind can you put paint to cloth in a way that suits you.


Take the next piece of advice very very seriously:
Simply concentrate on learning how the market works first. Once you've done that, the nitty gritty of how to trade it will come naturally
  • #21,769
  • Nov 10, 2011 5:18am Nov 10, 2011 5:18am
bot eu @ 1.35725 tg @1.3595
Attached Image (click to enlarge)
Click to Enlarge Name: eu firstone15.jpg Size: 61 KB
Rien ne sert de courir il faut partir à point.
  • #21,770
  • Nov 10, 2011 5:18am Nov 10, 2011 5:18am
Quoting L. Park
I think I may have spotted a hunchback
That's more of a HnS

In a QM, it's best that the LL form below a break of the demand that turned the first low. I find that engulf very important
  • #21,771
  • Nov 10, 2011 5:35am Nov 10, 2011 5:35am
Quoting Ifmyante
That's more of a HnS

In a QM, it's best that the LL form below a break of the demand that turned the first low. I find that engulf very important

I can see something resembling a QM on 5m gold, but got a double head and shoulder though so not sure about it.
  • #21,772
  • Nov 10, 2011 5:35am Nov 10, 2011 5:35am
Quoting Ifmyante
That's more of a HnS

In a QM, it's best that the LL form below a break of the demand that turned the first low. I find that engulf very important
Sorry Ifmyante, I accidentally deleted the post when I found out I had L and R mixed up. Got stopped out anyway.
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  • #21,773
  • Nov 10, 2011 5:37am Nov 10, 2011 5:37am
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sell limit placed as an add on
  • #21,774
  • Nov 10, 2011 5:41am Nov 10, 2011 5:41am
Quoting flytox
bot eu @ 1.35725 tg @1.3595
stopped @ BE
Rien ne sert de courir il faut partir à point.
  • #21,775
  • Nov 10, 2011 5:42am Nov 10, 2011 5:42am
Quoting -nate-dogg-
I can see something resembling a QM on 5m gold, but got a double head and shoulder though so not sure about it.


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harmonic geometry suggests a visit towards DP, possible bullflag in process
  • #21,776
  • Nov 10, 2011 5:45am Nov 10, 2011 5:45am
Quoting redsword11
Attachment


harmonic geometry suggests a visit towards DP, possible bullflag in process
Nice chart. Not taking the QM, still experimenting with it, only learned about it yesterday.

Do you use gartley's or just bats?
  • #21,777
  • Nov 10, 2011 5:48am Nov 10, 2011 5:48am
what's the QM ?
Rien ne sert de courir il faut partir à point.
  • #21,778
  • Nov 10, 2011 5:52am Nov 10, 2011 5:52am
Quoting flytox
what's the QM ?
Quoting RedCabbage
Sorry to butt in, QMs are my bread and butter!

Lower right neckline is essential to turn it from a H+S to a QM. Lower low shows commitment south. Entry is at the left shoulder.

Like anything position is critical - know what you want to see, know where you want to see it!

http://www.nobrainertrades.com/2009/...r-pattern.html
Mr Cabbage gave a good description here.
  • #21,779
  • Nov 10, 2011 5:57am Nov 10, 2011 5:57am
Many thanks Nate
Rien ne sert de courir il faut partir à point.
  • #21,780
  • Edited 6:03am Nov 10, 2011 6:02am | Edited 6:03am
bot EU @ 1.3584 tg around 1.3620 will not move stop too early this time.
Attached Image (click to enlarge)
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Rien ne sert de courir il faut partir à point.
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