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Price is everything

  • #25,621
  • Dec 19, 2011 5:16am Dec 19, 2011 5:16am
Quoting flytox
Added 5/5
Out 3/5 @tg1
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Rien ne sert de courir il faut partir à point.
  • #25,622
  • Dec 19, 2011 5:33am Dec 19, 2011 5:33am
I starting to really like these patterns. A rising expanding wedge with a struggle to complete the top with upside resistance.

I get really suspicious of these pin bars so got out and waiting for further confirmation.

..
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  • #25,623
  • Dec 19, 2011 5:38am Dec 19, 2011 5:38am
Quoting Tyoon
I starting to really like these patterns. A rising expanding wedge with a struggle to complete the top with upside resistance.

I get really suspicious of these pin bars so got out and waiting for further confirmation.

..
Better to lock the upper at BE + and give it a chance.
Rien ne sert de courir il faut partir à point.
  • #25,624
  • Dec 19, 2011 5:51am Dec 19, 2011 5:51am
short ES (for those trading futures), a bit late this morning..
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Rien ne sert de courir il faut partir à point.
  • #25,625
  • Dec 19, 2011 5:57am Dec 19, 2011 5:57am
Quoting flytox
Better to lock the upper at BE + and give it a chance.
My other concern is that it is at a pivot zone. Keeping a close eye on it.
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  • #25,626
  • Dec 19, 2011 7:02am Dec 19, 2011 7:02am
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dow scalp




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dax scalp
  • #25,627
  • Dec 19, 2011 7:12am Dec 19, 2011 7:12am
Quoting redsword11
Attachment

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dow scalp




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dax scalp
Hello Red,
I can see that your entries are very close to candle close time. Most of the times I see that you're waiting for an engulfing pattern for a further confirmation of a s/r or a supply / demand level. Do you keep an eye on price action near the close bar and anticipate that the close will engulf the previous bar?
  • #25,628
  • Dec 19, 2011 7:16am Dec 19, 2011 7:16am
Good morning traders

Dollar and Euro
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  • #25,629
  • Dec 19, 2011 7:17am Dec 19, 2011 7:17am
Quoting Dorobantu
Hello Red,
I can see that your entries are very close to candle close time. Most of the times I see that you're waiting for an engulfing pattern for a further confirmation of a s/r or a supply / demand level. Do you keep an eye on price action near the close bar and anticipate that the close will engulf the previous bar?


either, its particular to the trade setup


fluid market ......... l don't have rigid rules
  • #25,630
  • Dec 19, 2011 7:17am Dec 19, 2011 7:17am
Quoting MitchWorse
Failed @ 4. Trendline holding...

Might go to 1.3038 ~ 43 will wait for short.
Short 1.3040
  • #25,631
  • Dec 19, 2011 7:44am Dec 19, 2011 7:44am
Quoting MitchWorse
Short 1.3040
What was your entry based on?
  • #25,632
  • Dec 19, 2011 7:52am Dec 19, 2011 7:52am
Quoting tyoon
what was your entry based on?
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  • #25,633
  • Edited 8:21am Dec 19, 2011 7:58am | Edited 8:21am
Quoting Tyoon
What was your entry based on?
Supply correlation with daily pivot, last day close & mid.

(Screen from new PC not sure if it fits)

Edit: Would like a visit to trendline and last day low. Locked BE +1.
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  • #25,634
  • Dec 19, 2011 7:59am Dec 19, 2011 7:59am
Quoting frankkn
Good morning traders

Dollar and Euro
If the dollar rallies from this zone she will probably bounce at M15 supply @ 80.20, if not there's no demand (M15) until PSY 80.00, which may be pulling here there.

If this demand doesn't hold predatory traders could be targeting options at 80.00 and stops below, right into the demand I highlighted. Great possibility of a strong move from there as there's bound to be the liquidity institutions need in a risk off scenario.
  • #25,635
  • Dec 19, 2011 8:17am Dec 19, 2011 8:17am
Quoting frankkn
If the dollar rallies from this zone she will probably bounce at M15 supply @ 80.20, if not there's no demand (M15) until PSY 80.00, which may be pulling here there.

If this demand doesn't hold predatory traders could be targeting options at 80.00 and stops below, right into the demand I highlighted. Great possibility of a strong move from there as there's bound to be the liquidity institutions need in a risk off scenario.
Good bounce grabbed a few there

Also traders, please remember daily supply in the dollar is close at 80.80
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  • #25,636
  • Dec 19, 2011 8:17am Dec 19, 2011 8:17am
EU
reshorted @ 1.3030 late again tg 13005 3/3
Rien ne sert de courir il faut partir à point.
  • #25,637
  • Dec 19, 2011 8:21am Dec 19, 2011 8:21am
Here's one of my favorite entries.

Hope nobody is offended by the volume
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  • #25,638
  • Dec 19, 2011 8:44am Dec 19, 2011 8:44am
Here are a couple five minute dollar and euro index charts

The marked bar is a nasty shake out that just took me at BE on an EU long
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  • #25,639
  • Dec 19, 2011 8:46am Dec 19, 2011 8:46am
Quoting flytox
EU
reshorted @ 1.3030 late again tg 13005 3/3
readded 2 @ 1.3026
Rien ne sert de courir il faut partir à point.
  • #25,640
  • Dec 19, 2011 8:49am Dec 19, 2011 8:49am
Quoting frankkn
Here are a couple five minute dollar and euro index charts

The marked bar is a nasty shake out that just took me at BE on an EU long
Here's the trade, I moved my stop to BE when I felt price had established itself across the blue line, then I was shaken out
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