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Price is Everything Chat Room

  • #2,361
  • Edited 7:26am May 11, 2012 7:19am | Edited 7:26am
Quoting Ifmyante
I have a question too

I took the highest short first, and then added on the lower

Why did I take the trades?
Hi If,

Well, it is always easy to tell after the facts but here you go.
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  • #2,362
  • May 11, 2012 7:36am May 11, 2012 7:36am
Quoting @mel
Hi If,

Well, it is always easy to tell after the facts but here you go.
that looks like the one.
  • #2,363
  • May 11, 2012 8:03am May 11, 2012 8:03am
Quoting Ifmyante
I have a question too

I took the highest short first, and then added on the lower

Why did I take the trades?
If,

Was it the daily low from 7th May??
  • #2,364
  • May 11, 2012 8:14am May 11, 2012 8:14am
Quoting uk4x
charts any comments would be great
worked out well thanks if for the videos
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  • #2,365
  • May 11, 2012 8:26am May 11, 2012 8:26am
Quoting Ifmyante
I have a question too

I took the highest short first, and then added on the lower

Why did I take the trades?
Is it something to do with these bars?
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  • #2,366
  • May 11, 2012 8:47am May 11, 2012 8:47am
Quoting NaughtyPip
Is it something to do with these bars?
Great charts everybody!
I had no much time today but managed to took this long. Have a great weekend traders
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,367
  • May 11, 2012 8:58am May 11, 2012 8:58am
Quoting Rsherl01
If,

Was it the daily low from 7th May??
It was, very much

So that's one piece of the puzzle. Now, what about price approach?

How did PA set up for the reaction?
  • #2,368
  • May 11, 2012 9:03am May 11, 2012 9:03am
Head is spinning time to sign off

Good night everyone
  • #2,369
  • May 11, 2012 9:07am May 11, 2012 9:07am
If,

Not sure if im on right track but compression seemed to have broken just below what i was waiting for as supply.

Then PA was bearish when approaching the turning point and as others have shown a QM formed?

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  • #2,370
  • May 11, 2012 9:10am May 11, 2012 9:10am
I promise I'll tell the full story later, if nobody tells the full story before me
  • #2,371
  • May 11, 2012 9:12am May 11, 2012 9:12am
Quoting Ifmyante
It was, very much

So that's one piece of the puzzle. Now, what about price approach?

How did PA set up for the reaction?
Feel like an absolute fool for not checking HTFs (1H) to see that SR.

Ah well. Got it noted.
  • #2,372
  • May 11, 2012 9:24am May 11, 2012 9:24am
Quoting hometrading
Took a small loss (made up for it with a nice winner in the aussie) on this today, but the writing was on the chart.

Looks like A+ demand, didn't hold though. Not sure if there are any signs of it not holding to the left of the chart (couldn't see any). However when having a closer look at the approach, there were warning signs.

In hindsight should have added to position around BRN and exit the trade for a small or BE.

http://screencast.com/t/iFhI5nHl3

price was compressed see link
  • #2,373
  • May 11, 2012 9:25am May 11, 2012 9:25am
Quoting Tyoon
Feel like an absolute fool for not checking HTFs (1H) to see that SR.

Ah well. Got it noted.
same here, was staring at 51 (last days mid), cheering at my long from 38 thinking it was smashing through.

then If took my dreams away...
  • #2,374
  • May 11, 2012 9:39am May 11, 2012 9:39am
Quoting Ifmyante
I promise I'll tell the full story later, if nobody tells the full story before me

Also if you look a precisely the same time the Dollar Index was coming into some lovely LTF demand which caused it to bounce.

Am still trying to grasp the PA ins and outs but the levels are starting to become clearer.
  • #2,375
  • May 11, 2012 9:44am May 11, 2012 9:44am
Quoting Rsherl01
Also if you look a precisely the same time the Dollar Index was coming into some lovely LTF demand which caused it to bounce.

Am still trying to grasp the PA ins and outs but the levels are starting to become clearer.
It's a right effing eye opener.

I'm done banking pips for the day. Gonna do some more homework. it's the only homework i've ever LOVED doing.

If - my wife hates you
  • #2,376
  • May 11, 2012 9:48am May 11, 2012 9:48am
Quoting beebolbod

If - my wife hates you

  • #2,377
  • May 11, 2012 9:51am May 11, 2012 9:51am
supply
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  • #2,378
  • May 11, 2012 10:22am May 11, 2012 10:22am
Quoting Tyoon
Zone 2 IMO is a bit higher. 1.60775 was a tough SR to break (got history to it). There was a base (decision period) prior to the break. This is the base where the buyers exceeded the sellers.

Here is a chart of the levels I have been on about.

http://www.forexfactory.com/attachme...1&d=1336549123
Did anyone take Zone 2/green demand at all on first test or on today's retest?
  • #2,379
  • May 11, 2012 11:06am May 11, 2012 11:06am
This is in respect of nothing in particular (and i will get to homework soon), it's just something i did today with this trade. After i'd taken the trade i drew out lines where i felt price would react. It really helped me manage the trade. Normally i'd do this visually but i wanted to pinpoint it today. Kind of a little game i played with myself. I won.

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I did it in m5 but m15 shows it better i think.
  • #2,380
  • May 11, 2012 1:49pm May 11, 2012 1:49pm
Quoting beebolbod
This is in respect of nothing in particular (and i will get to homework soon), it's just something i did today with this trade. After i'd taken the trade i drew out lines where i felt price would react. It really helped me manage the trade. Normally i'd do this visually but i wanted to pinpoint it today. Kind of a little game i played with myself. I won.

Attachment

I did it in m5 but m15 shows it better i think.
Really great price reading. Your wife is gonna love you
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