Romancing the Price

Trendline + demand + engulfing = trade.

nize crude trade emene

oz trades taken early hours of today..

Happy Thanksgiving to US contingent of the PIE and Romancing the Price community. Red and Kenny's threads are certainly reasons to be thankful.

gold trades closed recently..

all on the charts..

recently closed some uchf trades....

last thursday i was happily trading the crude.. however i didn't realize early closing time due to US TGiving holidays..

top entry [sell] was intended for quick scalp as long as it didn't clear 97.03 line.. and that's where crude market closed.. i thought it was my my broker/platform until i realize the holiday periods CME working hours differs..

at first it looks like my trades are safe but in reality not due to stop @be+ for buy trade.. so it could take out buy order out and travel to the north 100+ pips or so..



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i decided to check htf chart [H1] to see possibilities.. overall techs were suggesting there is still some move to south possible.. it was just bit of psychology boost.. we know that it's impossible to predict market movements with absolute accuracy..



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decided to wait for crude open rather than hitting the bunker earlier.. lately, i'm trying to skip Asian session in favor of catching Frankfurt, London and NY..

however, to my surprise, my net connection gone.. it looked like things was going against me.. i was bracing myself 100+ pips or so loss..

anyways when crude opened and my net connection came back picture wasn't the one feared..



my stop @+ for buy trade was hit.. no problem.. 24 pips banked and i had some more pips to collect if i wanted..

instead of close, i added very tight stop.. locked some decent amount of pips and gave chance to possible reaction zone for additional pips..



.. and closed.

last crude trades from friday, just before crude market close..

How are you managing your trades KennyZ, where are your stops, do you split your contracts up i.e close half when x pips in profit etc etc etc??

almost all my entries are taken as scalp trades initially.. therefore no time for adding stops or tgs as they are fairly easy to spot for me.. however, if and when they develop into bit more than a scalp trade then i add stops on trailing basis.. still i haven't picked up the habit of adding hard targets yet..

on entries and sizing.. if i'm entering a low probability trades i like to test the waters first with mini lots.. there are times i even add many mini lots while it's going against me.. i rarely take a trade with more than 1 std lot.. i prefer adding as probabilities increases in my favor, this way it's much easier to close certain positions for early profit taking and reducing the exposure..

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oz..

been playing with some fibs..




and some levels

us$ index is still the holly grail of fx trading.. at least for me so far..

yes agreed, and with regards to looking for corresponding SD levels in the major $ crosses, especially euro (60% of $ index).

here are $index components..



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couple of eu quickies...

then there were these pretty ones...

i was flipping too kenny when i saw the gaps
sad i ddint carry some trades over
GU longs right now 60+ saw daily demand zone and decided to carry over weekend.

im doing what ure doing on history searching and yes i think the past history of certain levels do have significance (duh, buma , duh)

and i still love that quote: Look to the left, Trade the right.

ADD: Ignore the cloud and the arrows and the descript. lower tf show signinficance of upmove, and consumed supply levels

nice trade buma..

just closed another pretty one.. ga for 265+

i am officially jealous. oh wait always was THAT trade would be called nice.

am always inspired with your scalps evolution into swing trades truly a wonder and skill. a legendary scalper. YOUR face like gann should be on NYSE's wall goddamit!

trading is like a snip for u. but thats how it works = hard work pays off.

keep it up my friend inspier more minds into this great path of romancing the price

closed today...

closed today..

recently closed some trades...

cclosed +100 on gbp

and a little on usd yen +11