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Price is Everything Chat Room

  • #661
  • Nov 21, 2011 9:37pm Nov 21, 2011 9:37pm
Thanks Buma... I will keep studying
" I can read the left side of the chart, the right side's a Bitch!
  • #662
  • Nov 21, 2011 9:39pm Nov 21, 2011 9:39pm
Quoting poncho1
Thanks Buma... I will keep studying
i like ur attitude to ask and learn that is important


ask me if, or greent, for any other tips, i myself is still learning.


learning never stops
Have I got something on my face, SOLDIER?
  • #663
  • Nov 22, 2011 4:21am Nov 22, 2011 4:21am
ok, here are y thoughts. i'm looking for shorts near 80 (near the pole).

am i correct? how do you decide to enter? just a pending order? where would you place the stop? above the pole?

http://img502.imageshack.us/img502/1850/201110251.gif
  • #664
  • Nov 22, 2011 4:26am Nov 22, 2011 4:26am
its defintely a flag broken south and therefore is expected to become reistance. if u saw on ur chart there is a demand zone base jsut made, i wouldnt really sell it with that base there. this is just the corrective wave if ure trying to sell
Have I got something on my face, SOLDIER?
  • #665
  • Nov 22, 2011 5:47am Nov 22, 2011 5:47am
Quoting FXfreak
ok, here are y thoughts. i'm looking for shorts near 80 (near the pole).

am i correct? how do you decide to enter? just a pending order? where would you place the stop? above the pole?

http://img502.imageshack.us/img502/1850/201110251.gif
1. Stops must always be above the high, so in this case 1.3613 + spread + wiggle room... ~ 1.3620.
2. Look left again, can you see a supply it reacted to... should the stop be above that supply zone. Answer: It is a messy supply zone because of the time price had been there... too long!

Now you decide where to place the entry based on your stop OR you wait for price confirmation on the lower timeframes (m1/m5) whereby it does not make a new high and it prints a lower low and/or you see bearish engulfing candlestick formation to confirm sellers are here.

If you want to put in a limit order, extremes are always the best, so put it in at around 1.36, which will give you a 20 pip stop.

Wishing you success with the trade!
  • #666
  • Nov 22, 2011 6:12am Nov 22, 2011 6:12am
Hi bbakker,
Could you little bit put more light on this:price had been there... too long!Do you mean too long in time meaning or behavior price at that level?
Cheers
Krav.
  • #667
  • Nov 22, 2011 6:26am Nov 22, 2011 6:26am
Quoting kravmaga39
Hi bbakker,
Could you little bit put more light on this:price had been there... too long!Do you mean too long in time meaning or behavior price at that level?
Cheers
Krav.
Hopefully this will answer it -

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  • #668
  • Nov 22, 2011 6:45am Nov 22, 2011 6:45am
Quoting bbakker
Hopefully this will answer it -

Attachment
Thank you bbakker,
great post!!
  • #669
  • Nov 22, 2011 6:52am Nov 22, 2011 6:52am
possible QM, I'm newbie in this pattern... hmmm
but it seems run well
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TRADING IS SIMPLE BUT NOT EAZY
  • #670
  • Nov 22, 2011 6:54am Nov 22, 2011 6:54am
Quoting green_trader
possible QM, I'm newbie in this pattern... hmmm
but it seems run well
Look at you, all 10+V up there


You must be doing something right
  • #671
  • Edited 10:28am Nov 22, 2011 8:01am | Edited 10:28am
Quoting Ifmyante
Look at you, all 10+V up there


You must be doing something right
lolz, yeah THank God, and all credits to all masters who have shown me the right way to trade.

Thank's to redsword11, KennyZ, bbakker, Kenneth Lee, EMENE, orbital and my dearest friends Ifmyante n bumapartia.
TRADING IS SIMPLE BUT NOT EAZY
  • #672
  • Nov 22, 2011 8:03am Nov 22, 2011 8:03am
Do I smell like Kebab or forgotten fridge ? I know I've not been around a lot lately but that's offensing.

Quoting green_trader
lolz, yeah THank God, and all credits to all masters who have shown me the right way to trade.

Thank's to redsword11, KennyZ, bbakker, Kenneth Lee, and my dearest friends Ifmyante n bumapartia.
Hello.
  • #673
  • Nov 22, 2011 8:05am Nov 22, 2011 8:05am
Quoting emene
Do I smell like Kebab or forgotten fridge ? I know I've not been around a lot lately but that's offensing.
Hee hee.


He posts at last.

All it took was to forget him
  • #674
  • Nov 22, 2011 8:10am Nov 22, 2011 8:10am
For If.

More to come. I promised Kenny.
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Hello.
  • #675
  • Nov 22, 2011 8:12am Nov 22, 2011 8:12am
Quoting emene
For If.

More to come. I promised Kenny.
Why thank you sir.

We are honoured

Good to see those positive pips
  • #676
  • Nov 22, 2011 8:14am Nov 22, 2011 8:14am
A bigger picture on crude.
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Hello.
  • #677
  • Nov 22, 2011 8:29am Nov 22, 2011 8:29am
Could there be some confluence here ?
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Hello.
  • #678
  • Nov 22, 2011 8:43am Nov 22, 2011 8:43am
Quoting Ifmyante
Look at you, all 10+V up there


You must be doing something right


Congrats to green trader for 10+v now

I have notice that there is a lot of fast learner.
Bumapatria, Greentrader, Fxmindset, etc.

You guys, are awesome get that vouch in a short period of time.
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #679
  • Nov 22, 2011 10:13am Nov 22, 2011 10:13am
BEFL B N
very very heavy scalp... just tic tic tic tic and closed
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TRADING IS SIMPLE BUT NOT EAZY
  • #680
  • Nov 22, 2011 10:19am Nov 22, 2011 10:19am
yes if, its that amazing. less than 200 posts and alraedy 10+ v. i got my first v after 1000 posts of asking questions and learning. im proud of sindu
Have I got something on my face, SOLDIER?
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