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  • #2,101
  • May 4, 2012 5:17am May 4, 2012 5:17am
Quoting Ifmyante
Yup

After my post, price continued to cp up, so I had to bail for a few pips profit

What's the next line, if approach is good?
ah was too late
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  • #2,102
  • May 4, 2012 5:19am May 4, 2012 5:19am
Quoting asos101
ah was too late
There's a nice decision made there.

If price compresses down, there could be a nice bounce. And looking at it on the daily........




Note: This is not a trade call - there's alot more to being profitable than just picking good lines. Approach and reaction reading are vital skills to master.
I'll never make trade calls, as I want us to all remain friends
  • #2,103
  • May 4, 2012 5:27am May 4, 2012 5:27am
Quoting Ifmyante
There's a nice decision made there.

If price compresses down, there could be a nice bounce. And looking at it on the daily........




Note: This is not a trade call - there's alot more to being profitable than just picking good lines. Approach and reaction reading are vital skills to master.
had my lower decision points worked out this morning, then took a dummy trade i had to bail out and used a "kill all orders" script ... that killed all the lines too. have to do them again
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  • #2,104
  • May 4, 2012 5:29am May 4, 2012 5:29am
Quick Question, is this flag consumption of demand below?
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  • #2,105
  • May 4, 2012 5:34am May 4, 2012 5:34am
Quoting hometrading
Quick Question, is this flag consumption of demand below?
I hated where AU turned. I wanted deeper

Looks like consumption all right
  • #2,106
  • May 4, 2012 5:39am May 4, 2012 5:39am
Quoting Ifmyante
I hated where AU turned. I wanted deeper

Looks like consumption all right
Thanks If
watching this the whole evening (for us down under) drives me crazy, need to learn to step away from it and focus on other opportunities
  • #2,107
  • May 4, 2012 5:44am May 4, 2012 5:44am
Quoting hometrading
Quick Question, is this flag consumption of demand below?
looks like something spiky rising
cough..
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  • #2,108
  • May 4, 2012 5:44am May 4, 2012 5:44am
Quoting hometrading
Thanks If
watching this the whole evening (for us down under) drives me crazy, need to learn to step away from it and focus on other opportunities
There's nothing wrong with knowing all the pa on one pair intimately

You can take every little opportunity on it, and when the runner comes, be glad you spent so much time on it
  • #2,109
  • May 4, 2012 5:45am May 4, 2012 5:45am
Quoting Ifmyante
I'll never make trade calls, as I want us to all remain friends
nobody will learn with trade calls. I'd prefer to make my own. i'm still lost at this level at times though.

Can i just get a sanity check?

Good approach = slow/CP'd?
Finding these levels as you do, it seems we need to look for decisions (engulfs/QM/bar structure) and LQ at previous levels and look for bounces there.
We target recent/significant S/D at TF we enter on UNLESS we are entering higher TF trade from low TF i.e. within high TF zone.

I was a little lost on picking the next level, is it here?

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And the Daily? that's thrown me completely.
  • #2,110
  • May 4, 2012 6:02am May 4, 2012 6:02am
Excellent decision!

A pip or 2 below my ideal entry.

This is terrible timing - must collect my boy from school, so can't watch the pa

But will get back to this when I return. I hope my be doesn't get hit in the meantime
  • #2,111
  • May 4, 2012 6:37am May 4, 2012 6:37am
OK, i feel like a little retarded monkey; but i have to ask, since i wonna have a clear idea on this.
The level that you was watching is important because of the little rally base rally [aka decision point] - as i think - or because price was a little compressed ?
charts whit my "main point".

Take your time, i fell a little guilty for all the time you and other big guys spend here.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #2,112
  • May 4, 2012 6:51am May 4, 2012 6:51am
Quoting whiteout
OK, i feel like a little retarded monkey; but i have to ask, since i wonna have a clear idea on this.
The level that you was watching is important because of the little rally base rally [aka decision point] - as i think - or because price was a little compressed ?
charts whit my "main point".

Take your time, i fell a little guilty for all the time you and other big guys spend here.
It was a decision point, yes, as you say, But look at it in the bigger picture (D1 and H1 thumnails below) and it may gain more import.
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  • #2,113
  • Edited 7:17am May 4, 2012 7:06am | Edited 7:17am
Make perfect sense, little retarded monkey says "thank you"; i was confused by some [peraphs helpful and preciuous] comments; my fault: too much food for my poor little brain.
Anyway on h1 [line graph] looks like a failed QM
Sometime the horizon disappear. Twitter: @_whiteout
  • #2,114
  • May 4, 2012 7:21am May 4, 2012 7:21am
NFP on the way.

Be safe everybody
  • #2,115
  • May 4, 2012 7:32am May 4, 2012 7:32am
hi Ifmyante,
just want to say hello and thank you, been reading up on you posts and the homework
great stuff
  • #2,116
  • May 4, 2012 7:35am May 4, 2012 7:35am
Quoting uk4x
hi Ifmyante,
just want to say hello and thank you, been reading up on you posts and the homework
great stuff
Thanks and welcome
  • #2,117
  • May 4, 2012 7:49am May 4, 2012 7:49am
Questions this time, not answers
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  • #2,118
  • Edited 8:04am May 4, 2012 8:03am | Edited 8:04am
Quoting Ifmyante
Questions this time, not answers
Hi If,

Question 1: Exit is pretty easy to understand.
Answer: This was previously a demand area that turned demand + previous flag.

Question 2: Why exit?
[color="Black"]Answer: Because it's compressing and spiking though supply as well as demand,

Question 3: Why enter?
compression + bull flag @ demand

Question 4:Why re-enter?
Answer: Previous candle is spiking north and clears all the orders, price is free to trade up + it retested the begining of the compression?

Would love to receive some feedback. :-)
Mel
[/COLOR
  • #2,119
  • May 4, 2012 8:04am May 4, 2012 8:04am
Quoting Ifmyante
Questions this time, not answers
having a stab
by the way i thing EU reacted to the point we were discussing earlier , maybe a pip lower.
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  • #2,120
  • May 4, 2012 8:14am May 4, 2012 8:14am
Same conclusion here.
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Sometime the horizon disappear. Twitter: @_whiteout
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