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Price is everything

  • #26,641
  • Edited 7:18am Feb 1, 2012 6:56am | Edited 7:18am
In for some quick short scalps, tight stop as it could easily push through. Exit of previous trade shown too.

Short zone taken from chart posted earlier.

Taken one off for +10, stops @ BE the rest.

Out another @ 3171, possibly basing.
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  • #26,642
  • Feb 1, 2012 8:09am Feb 1, 2012 8:09am
Quoting -nate-dogg-
In for some quick short scalps, tight stop as it could easily push through. Exit of previous trade shown too.

Short zone taken from chart posted earlier.

Taken one off for +10, stops @ BE the rest.

Out another @ 3171, possibly basing.


Ditto on GU

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It isn't rocket science people, but it does require patience, hard graft, and self belief in your own ability!

I am going to take a long break from FF, so this is my farewell post. I wish each and everyone of you much success with your trading.

The people posting on here are doing a great job! Much respect! Keep up the great work and leave your own legacy behind as others have done so!

P.S. Don't pay attention to the news... it is a waste of fooking time. Trust your charts!
  • #26,643
  • Feb 1, 2012 8:15am Feb 1, 2012 8:15am
wishing you well bbakker!
  • #26,644
  • Feb 1, 2012 8:47am Feb 1, 2012 8:47am
Quoting bbakker
I am going to take a long break from FF
I've noticed some excellent traders who have heavily influenced me leaving FF lately, you being one of them.

Take care Brian and good luck with your trading career, your advice has been greatly appreciated by many on here. I'm sure you will have a prosperous future.
  • #26,645
  • Feb 1, 2012 9:12am Feb 1, 2012 9:12am
Quoting -nate-dogg-
I've noticed some excellent traders who have heavily influenced me leaving FF lately, you being one of them.

Take care Brian and good luck with your trading career, your advice has been greatly appreciated by many on here...


Quoting bbakker


Ditto on GU

Attachment

It isn't rocket science people, but it does require patience, hard graft, and self belief in your own ability!

I am going to take a long break from FF, so this is my farewell post...
take care brian mate... kinda feeling the same too... after learning so much from u guys, i always try giving back to the thread... but it really hinders my trading missing best entries and exit.. which is the reason i do not post often too... i dont know how red manages to keep up with it...

as a rule of the thread, charts not chats, heres another oil trade of mine... and gold also
tp'd at demand already...

take care my friends and trade well
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  • #26,646
  • Feb 1, 2012 10:01am Feb 1, 2012 10:01am
Quoting bbakker

It isn't rocket science people, but it does require patience, hard graft, and self belief in your own ability!


P.S. Don't pay attention to the news... it is a waste of fooking time. Trust your charts!
I could never thank you enough for your friendship and guidance. Good luck and have fun. XXX ( song on 'tmusic thread for you)
All systems of divination, like music itself,work through patterns.
  • #26,647
  • Feb 1, 2012 10:36am Feb 1, 2012 10:36am
Thank you all for your kind messages.

BTW, if you think I lost money on the GBPUSD short, I didn't! I put the short on BE before the news and closed out for a mighty 10 pip profit after the news when I saw the price action...lol

I have taken another short higher up. I still favour shorts right now on this pair!

Remember RULE 1 of trading is CAPITAL PRESERVATION. If in doubt, close it out, always follow price action. Supply and demand coupled with HH, HL, LH, LL, a few trendlines and fibs for confluence is all you need. KEEP IT SIMPLE!

That's all from me folks! Good luck and NEVER give up! Those who persevere, will come out on top. Who dares wins!
  • #26,648
  • Feb 1, 2012 12:39pm Feb 1, 2012 12:39pm
short

I'm not sure how I did it. but I think it was my luck and can't determine the target.
SL@ BE now
Attached Image
Simplicity Is The Ultimate Sophistication ~LDV~
  • #26,649
  • Feb 1, 2012 12:43pm Feb 1, 2012 12:43pm
Quoting alterchristo
short

I'm not sure how I did it. but I think it was my luck and can't determine the target.
SL@ BE now
nice work AC - we have had some fantastic opportunities recently on eur/usd.
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  • #26,650
  • Feb 1, 2012 12:50pm Feb 1, 2012 12:50pm
long AU here. will more lower. momentum is north
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  • #26,651
  • Feb 1, 2012 12:52pm Feb 1, 2012 12:52pm
Quoting -nate-dogg-
Your questions would be better placed in the PIE Chatroom. Better still, do some research of your own by reading the entire thread or visit the chatroom or Romancing the Price threads as many of these questions have been asked and answered before.

@Gabe, I'm sure you are aware of this already, also why ask such inane questions? What if he answers 43% and 29%, how is that going to improve your trading?

Don't...
Excellent answer Nate
  • #26,652
  • Feb 1, 2012 12:53pm Feb 1, 2012 12:53pm
Quoting econbizer
Hi DO, could you provide some advice to a novice on how you identified the ss zones on a 5 min tf.

What should I look out for if I wanted to short AU like you did? It seemed very brave of you to short on a retest of your identified ss zone, even though it overran that zone.

I realise that alot of times, prices bounce off zones before I can look for any engulfing bars for confirmation.
Otherwise, prices overrun these zones on smaller tfs, confusing me whether these zones will still hold, like the AU one you traded.
E. these zones are easier to identify as you watch price over time. practice...
  • #26,653
  • Feb 1, 2012 12:55pm Feb 1, 2012 12:55pm
Quoting bbakker

It isn't rocket science people, but it does require patience, hard graft, and self belief in your own ability!

P.S. Don't pay attention to the news... it is a waste of fooking time. Trust your charts!
well said B.
  • #26,654
  • Feb 1, 2012 12:58pm Feb 1, 2012 12:58pm
Quoting Dropped Onion
long AU here. will more lower. momentum is north
au reaching for lower levels - adding more shortly
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  • #26,655
  • Feb 1, 2012 1:01pm Feb 1, 2012 1:01pm
Quoting alterchristo
short

I'm not sure how I did it. but I think it was my luck and can't determine the target.
SL@ BE now
out 1/2, will let the rest go...
Attached Image
Simplicity Is The Ultimate Sophistication ~LDV~
  • #26,656
  • Feb 1, 2012 1:03pm Feb 1, 2012 1:03pm
Quoting Dropped Onion
nice work AC - we have had some fantastic opportunities recently on eur/usd.
yes buddy, keep rocking... n posting
I'm watching your beautifull charts D.O.
aahhh, this bad internet connection can't post my another charts...
Simplicity Is The Ultimate Sophistication ~LDV~
  • #26,657
  • Feb 1, 2012 1:03pm Feb 1, 2012 1:03pm
Quoting alterchristo
out 1/2, will let the rest go...
Solid returns AC. can you zoom out and show what you see on rest of chart...
  • #26,658
  • Feb 1, 2012 1:07pm Feb 1, 2012 1:07pm
Quoting Dropped Onion
au reaching for lower levels - adding more shortly
turning point in place on AU? buyers to build from here? or set for swing down?
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  • #26,659
  • Feb 1, 2012 1:07pm Feb 1, 2012 1:07pm
Quoting Dropped Onion
Solid returns AC. can you zoom out and show what you see on rest of chart...
I'll try but wait ....
bad internet connection every night... someone downloading films or what...
Simplicity Is The Ultimate Sophistication ~LDV~
  • #26,660
  • Feb 1, 2012 1:12pm Feb 1, 2012 1:12pm
better view...
look for a truning point but yea, I'm not expect this too much...
Attached Image (click to enlarge)
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Simplicity Is The Ultimate Sophistication ~LDV~
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