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Price is everything

  • #26,801
  • Feb 8, 2012 7:08pm Feb 8, 2012 7:08pm
Took 3/5 of one and move sl..Shes in the box and looking good.

CNY data in 20m.. Could get a bit bounce...GL!
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  • #26,802
  • Feb 8, 2012 10:26pm Feb 8, 2012 10:26pm
Quoting bbakker
It is...

But, I will quit... find a new calendar so I don't get sucked in. I still have one or two topics I would like to share that I have learned from others and through my own experience. I still have more to discuss about time, I feel it is still unfinished business and I also wanted to discuss one of DO's AUDUSD charts and trades to tie in with my previous post on levels, time and rejection/consumption. (If he doesn't mind!!!)
...then
...anytime B - thx for sharing.
  • #26,803
  • Feb 8, 2012 10:27pm Feb 8, 2012 10:27pm
Quoting Chillypiper
Took profit on one rest at even..Maybe a bigger pic if the Greeks help with some fear..GL!
nicely worked ChillyP.
  • #26,804
  • Feb 8, 2012 10:30pm Feb 8, 2012 10:30pm
Quoting Dropped Onion
partial close here - at minor s/r level.
the s/r level capped prices - rest taken out around entry
  • #26,805
  • Feb 8, 2012 10:47pm Feb 8, 2012 10:47pm
awaiting entry - usd/cad. sellers controlling market. need a bounce to go short.

s/r level is key at the moment.
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  • #26,806
  • Feb 8, 2012 11:01pm Feb 8, 2012 11:01pm
EJ - supply level provided a bearish bounce. this was supply consumption.

do buyers now have momentum to take a sustained run North?

if we buy a pull back to supply consumption area we are buying current momentum and may get a low risk entry. otherwise, we have a fakeout here.

on the pullback - will wait for price to stick at previous top within circled area.
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  • #26,807
  • Feb 8, 2012 11:12pm Feb 8, 2012 11:12pm
play the probabilities. manage your risk. believe in what you do.

trade. profit. repeat.

be consistent. execute on a plan. stick to it.

remember >> scaling into a trade is different to "adding to a loser".

scaling in - is using multiple entries, due to the difficulty in finding where the market will turn. we are splitting our trade allotment, based on PA.

all we have is price. Our reactions to current prices are dependent on our conviction in what we see and how we anticipate it to play out over time.
  • #26,808
  • Feb 9, 2012 12:30am Feb 9, 2012 12:30am
long euro since yesterday night asian tz
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Simplicity Is The Ultimate Sophistication ~LDV~
  • #26,809
  • Feb 9, 2012 1:07am Feb 9, 2012 1:07am
oz
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  • #26,810
  • Feb 9, 2012 2:27am Feb 9, 2012 2:27am
Quoting Dropped Onion
awaiting entry - usd/cad. sellers controlling market. need a bounce to go short.

s/r level is key at the moment.

DO, from your chart what do mean when you label something as "Supply Pocket" versus "Supply"?

Why do you call it a "Supply Pocket", and what is this significance compared to "Supply" ?

Thanks.
  • #26,811
  • Feb 9, 2012 5:48am Feb 9, 2012 5:48am
short aussie
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  • #26,812
  • Feb 9, 2012 6:10am Feb 9, 2012 6:10am
very interesting
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  • #26,813
  • Feb 9, 2012 6:38am Feb 9, 2012 6:38am
Quoting vasmiza
very interesting
look how price reacts
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  • #26,814
  • Feb 9, 2012 7:59am Feb 9, 2012 7:59am
yen scaling in shorts
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  • #26,815
  • Feb 9, 2012 7:59am Feb 9, 2012 7:59am
path of least resistance
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  • #26,816
  • Feb 9, 2012 11:07am Feb 9, 2012 11:07am
Quoting Dropped Onion
awaiting entry - usd/cad. sellers controlling market. need a bounce to go short.

s/r level is key at the moment.
Makes me happy seeing my chart looking like yours

We seem to be in a box range now. Pinbar off the DTL about 5 hours ago gives a nice short but I was asleep (pinbar rejected from a minor supply zone). Long wick 2 hours ago seemed to be clearing up supplies for a bounce up?
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  • #26,817
  • Feb 9, 2012 12:47pm Feb 9, 2012 12:47pm
Quoting Atc
yen scaling in shorts
stopped out
  • #26,818
  • Feb 9, 2012 5:58pm Feb 9, 2012 5:58pm
Quoting foxybunny
DO, from your chart what do mean when you label something as "Supply Pocket" versus "Supply"?

Why do you call it a "Supply Pocket", and what is this significance compared to "Supply" ?

Thanks.
Hey FB - i just use the term 'pocket' for a supply/demand zone, if there is another larger supply/demand zone just above/below the stated s/d level...
  • #26,819
  • Feb 9, 2012 6:48pm Feb 9, 2012 6:48pm
au rising out of demand. where are the buy entries? pullback may work.
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  • #26,820
  • Feb 9, 2012 6:50pm Feb 9, 2012 6:50pm
Quoting biDc
Makes me happy seeing my chart looking like yours

We seem to be in a box range now. Pinbar off the DTL about 5 hours ago gives a nice short but I was asleep (pinbar rejected from a minor supply zone). Long wick 2 hours ago seemed to be clearing up supplies for a bounce up?
I like your chart diBc. drilldown to smaller TFs for entry. still watching loony PA
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