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Price is everything

  • #22,481
  • Nov 18, 2011 9:01am Nov 18, 2011 9:01am
Quoting redsword11
Attachment



Attached Image (click to enlarge)
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out
  • #22,482
  • Nov 18, 2011 9:03am Nov 18, 2011 9:03am
i believe SGD is singapore dollar. seems to move inverse to euro...
  • #22,483
  • Nov 18, 2011 9:10am Nov 18, 2011 9:10am
Quoting redsword11
Attachment



out
someone knows the difference between "out 2/3" and "out most" ?
Rien ne sert de courir il faut partir à point.
  • #22,484
  • Nov 18, 2011 9:13am Nov 18, 2011 9:13am
Quoting flytox
someone knows the difference between "out 2/3" and "out most" ?



you can divide anything into infinity
  • #22,485
  • Nov 18, 2011 9:16am Nov 18, 2011 9:16am
Quoting redsword11
Attachment



leaving a minor position open


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out
  • #22,486
  • Nov 18, 2011 9:20am Nov 18, 2011 9:20am
Quoting shadowthecat
i believe SGD is singapore dollar. seems to move inverse to euro...


Attached Image (click to enlarge)
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yes, l know

was making light of the fact ......... if an instrument respects a trendline, trade it regardless what it is


keeping in mind RR of course
  • #22,487
  • Nov 18, 2011 9:22am Nov 18, 2011 9:22am
Quoting redsword11
Attachment



yes, l know

was making light of the fact ......... if an instrument respects a trendline, trade it regardless what it is


keeping in mind RR of course
The issue is how to monitor all this without pending orders.
Rien ne sert de courir il faut partir à point.
  • #22,488
  • Nov 18, 2011 9:23am Nov 18, 2011 9:23am
ahh. Should have known
  • #22,489
  • Nov 18, 2011 9:24am Nov 18, 2011 9:24am
Quoting redsword11
Attachment


been scalping this all day to its bitter end


don't even know wtfx it is
That'll be the deep fried mars bar index
  • #22,490
  • Nov 18, 2011 9:25am Nov 18, 2011 9:25am
Quoting flytox
The issue is how to monitor all this without pending orders.


ahhhhhhh

below, a video to show you how


Inserted Video
  • #22,491
  • Nov 18, 2011 9:26am Nov 18, 2011 9:26am
Quoting Porkpie
That'll be the deep fried mars bar index

nice of you to pop in


always good to hear from you
  • #22,492
  • Nov 18, 2011 9:29am Nov 18, 2011 9:29am
ok, markets still running, we can have our little distractions too and some light humor



Attached Image



on a more serious note, not seen so many traders delivering charts and trades with utter conviction like you have all done today


l mean that sincerely
  • #22,493
  • Nov 18, 2011 9:30am Nov 18, 2011 9:30am
Quoting redsword11
nice of you to pop in


always good to hear from you
Thanks Red. Finished early today and missed the NY open party. Must not be greedy (geez when is that guy above going to stop clapping).
  • #22,494
  • Nov 18, 2011 9:33am Nov 18, 2011 9:33am
Quoting Steigo
Guys I get that this works on any time frame, on any instrument. I also read that Red suggests the "exotic" pairs may show true-er technical behaviour. Given, this can you suggest maybe 6 pairs that a novice could focus on - that might give that exhibit "clear" behaviour

Thanks

STEIGO
Stick to the majors for now. Exotic pairs have a much bigger spread and therefore much more difficult to scalp if scalping on m1/m5 is your method of trading.

If you have access to the exotics on your platform, open a chart showing one of the exotic pairs and you will see that price action shows 'clear' behaviour as there are less participants trading these exotic pairs. You will also see bigger price movements and volatility, but they still adhere to the laws of supply and demand.
  • #22,495
  • Nov 18, 2011 9:38am Nov 18, 2011 9:38am
Quoting redsword11
ok, markets still running, we can have our little distractions too and some light humor



Attachment


on a more serious note, not seen so many traders delivering charts and trades with utter conviction like you have all done today


l mean that sincerely
Thanks Red.


EU out @ 1.3499.
Rien ne sert de courir il faut partir à point.
  • #22,496
  • Nov 18, 2011 9:39am Nov 18, 2011 9:39am
Quoting flytox
Thanks Red.


EU out @ 1.3499.


you got alot of heart trader


alot
  • #22,497
  • Nov 18, 2011 9:41am Nov 18, 2011 9:41am
cought bottom
Attached Image (click to enlarge)
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  • #22,498
  • Nov 18, 2011 9:44am Nov 18, 2011 9:44am
Quoting bbakker
Stick to the majors for now. Exotic pairs have a much bigger spread and therefore much more difficult to scalp if scalping on m1/m5 is your method of trading.

If you have access to the exotics on your platform, open a chart showing one of the exotic pairs and you will see that price action shows 'clear' behaviour as there are less participants trading these exotic pairs. You will also see bigger price movements and volatility, but they still adhere to the laws of supply and demand.
Remember that Red has been trading for many years and can easily manage many trades across many different instruments. If you are new to supply/demand trading, I suggest you stick to a couple of currencies, maybe even just one or two for day trading purposes and a few more for swing trading. Once you grow in confidence and you are consistently profitable, then I suggest you can spread your wings. Don't try to fly before you can run, before you can walk!
  • #22,499
  • Nov 18, 2011 9:49am Nov 18, 2011 9:49am
hi redsword, for the first time i'm trading without stops. i had a sell and didn't close the trade with a loss of 20 pips. instead of my normal behavior i opened another sell 30 pips above.

would you have done this in the currecnt situation of usdchf also? or would you have taken the loss of 20 pips? perhaps you could comment my "rescue-strategy".

thanks!

http://img62.imageshack.us/img62/1850/201110251.gif

edit: i'm out of the whole position with +1 :-/
  • #22,500
  • Edited 10:05am Nov 18, 2011 9:51am | Edited 10:05am
Quoting redsword11
you got alot of heart trader


alot
Red I am so... je suis profondément touché et merci mille fois pour tout ce que tu nous apportes.
He gave me my first vouch..
Rien ne sert de courir il faut partir à point.
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