Attachments: Price is everything

Price is everything

#27,741
Apr 6, 2012 4:59am Apr 6, 2012 4:59am

MozarTT
| Joined Nov 2008 | Status: Trader | 79 Posts

Quoting Tarusmark27

Disliked

I don't think price is everything besides it some other parameters also does matter. Even some traders believe that price is everything.

Ignored

Method of trading doesn't matter. There is only one indicator: profitability. Any method is right if you in profit: i know some traders that have 10-20 indicators on chart and make 100-200% of depo in month stable. So how we can say that many indicators is bad? It's maybe bad for one and good for another. For traders in this thread price really is everything to be in profit and we learning only PRICE ACTION and satisfied with this and we are in PROFIT! My 2 cent

#27,742
Apr 6, 2012 5:44am Apr 6, 2012 5:44am

Tyoon
Joined Nov 2011 | Status: Trader | 1,271 Posts

had a quick run with gu until all the illiquidity spike madness started.

happy easter weekend EVERYONE!

..

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#27,743
Apr 6, 2012 4:12pm Apr 6, 2012 4:12pm

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,770 Posts

To all my friends, teachers, and traders. May God Bless you and Have a Wonderful, Safe, and Happy Easter.

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The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#27,744
Apr 7, 2012 7:08am Apr 7, 2012 7:08am

MitchWorse
| Joined Nov 2010 | Status: OH NOES!!!11 | 585 Posts

Ok. Lets do some weekend higher TF charts.

Month: Low of last month (inside bar) doji is in play. If broken the drop could accelerate.

Week: Weekly shows a lower high with bearish engulfing. To me thats an indication of an attempt for last months low.

Day: Demand held during NFP report, so there might be some left. When that demand is cleared, the High + Lower High & Low could form a channel. Looking to the left there is a possible demand along the line.

H4: The inside bar doji after the NFP bar shows indecision and is the one to watch. Asia does not have easter holidays, so they have the ball.

Quite bearish, but... React, don't predict.

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#27,745
Apr 7, 2012 3:43pm Apr 7, 2012 3:43pm

Chillypiper
Joined Sep 2010 | Status: MR. NOBODY | 3,042 Posts

Happy Easter to all of PIE Nation!

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#27,746
Apr 7, 2012 4:07pm Apr 7, 2012 4:07pm

Hyerczyk
| Joined Mar 2008 | Status: PatternPriceTime | 11 Posts

Quoting MozarTT

Disliked

Method of trading doesn't matter. There is only one indicator: profitability. Any method is right if you in profit: i know some traders that have 10-20 indicators on chart and make 100-200% of depo in month stable. So how we can say that many indicators is bad? It's maybe bad for one and good for another. For traders in this thread price really is everything to be in profit and we learning only PRICE ACTION and satisfied with this and we are in PROFIT! My 2 cent

Ignored

I would never criticize a trader for the number of indicators he uses. I do think there is a point of saturation but that is just my opinion. To me it all comes down to the exit anyway. I've been doing this a long time and have seen the number of indicators grow considerably over the past 30 years. I like to say that too many indicators are like a 64 pack of crayons. If you melt all of them you get one color: black which is why I rely on only two; a horizontal price level and a diagonal price level. That's it for me. I define my stop loss exit first then enter. The rest is up to the market.

#27,747
Apr 8, 2012 2:41am Apr 8, 2012 2:41am

Tyoon
Joined Nov 2011 | Status: Trader | 1,271 Posts

Quoting Hyerczyk

Disliked

I rely on only two; a horizontal price level and a diagonal price level. That's it for me.

Ignored

and that's all you need.

happy Easter everyone!

http://kreslik.com/forums/userpix/10...otivator_1.jpg

#27,748
Apr 8, 2012 4:53am Apr 8, 2012 4:53am

Porkpie
Joined Mar 2007 | Status: Trader | 1,066 Posts

Quoting Tyoon

Disliked

and that's all you need.

happy Easter everyone!

http://kreslik.com/forums/userpix/10...otivator_1.jpg

Ignored

That's one of Jackson Bollock's isn't it?

#27,749
Apr 8, 2012 5:00am Apr 8, 2012 5:00am

PhAnTi'
Joined Aug 2010 | Status: Tööröh | 14,292 Posts

Quoting Porkpie

Disliked

That's one of Jackson Bollock's isn't it?

Ignored

great hit porkpie.... thumb up

well they r all looking pretty the same, just different colours used....

anyway im not a art fanatic at all

Hero calls followed by margin calls...

#27,750
Apr 8, 2012 5:50am Apr 8, 2012 5:50am

Atc
| Joined Feb 2010 | Status: Trader | 798 Posts

To those who celebrate ....Happy Easter

Oil weekly and 4H....a favorite of mine to trade....some thoughts...with some compression homework

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#27,751
Apr 8, 2012 11:59am Apr 8, 2012 11:59am

Chillypiper
Joined Sep 2010 | Status: MR. NOBODY | 3,042 Posts

Heres a follow-up to my weekly trade with a 4hr posted in the RTP Thread showing fib extention to the currnet range we may be in..GL!

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#27,752
Apr 8, 2012 5:33pm Apr 8, 2012 5:33pm

Rolland
| Joined Apr 2012 | Status: Damn son, where'd you find this? | 484 Posts

Quoting @mel

Disliked

Hey Frankkn,

Very nice pics here... When you say RBR or DBD , I am sure you mean that you'll take the pullback of the 30min charts right?
I was confused because you said , RBR from a 30 min chart into a daily demand...
So if price bounce from the daily demand , you wait that the 30 makes a pullback , after it raised in order to enter on that particular TF?

Am I right?
Thanks

Ignored