Not happy to get slipped out of reverse tho
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Price is Everything Chat Room
- #2,562
- May 16, 2012 9:07am May 16, 2012 9:07am
Maybe I'm weird, but I love to mark levels long before the price arrival and then observe the established scenario
Sometime the horizon disappear. Twitter: @_whiteout
- #2,568
- May 16, 2012 9:45am May 16, 2012 9:45am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
Hey guys,
Here is my only trade today, it is a 5 min EU chart. I managed to enter very close to the bottom (5 pip dd) because of drilling down and finding the decision point on the 1 min. Then I exited almost to the pip at the very top from drilling down my exit point in the 1 min. 70 pips in total. Thanks to everyone here for what you have taught me, expecially If!
Don't forget to offer me an holiday in your best summer house in the future
It's ok if you don't have any now - they'll come
- #2,570
- May 16, 2012 1:34pm May 16, 2012 1:34pm
- Joined Aug 2010 | Status: Trader | 1,282 Posts
Will someone do me a favour and explain today's session in the E/U.. My levels worked out perfectly and i think I identified some compression but not confident enough to take a stab at it yet... There was some hairy moments where price swung between levels and I'm not sure where the orders were consumed to let it move so quickly.. Would appreciate anyones insight.
Question with regards compression. If we see it before a big decision does this make the level less powerful seen as though the orders have been consumed on the way?? And do we wait...
Hi,
Its hard to visualize what you are asking, maybe you could throw up a chart with some arrows etc and it will be easier for you to get a good answer..
- #2,571
- May 16, 2012 1:40pm May 16, 2012 1:40pm
Hey guys,
Here is my only trade today, it is a 5 min EU chart. I managed to enter very close to the bottom (5 pip dd) because of drilling down and finding the decision point on the 1 min. Then I exited almost to the pip at the very top from drilling down my exit point in the 1 min. 70 pips in total. Thanks to everyone here for what you have taught me, expecially If!
W Szczebrzeszynie chrząszcz brzmi w trzcinie
- #2,572
- May 16, 2012 2:21pm May 16, 2012 2:21pm
I suffered today. 3 trades, all winners turned to losers. Silly me. The main one was EURCAD. The others were simply missed profits, not big losers at all. Even the EC one wasn't too bad (just over 1.5%).
The annoying thing is i went out for a bit and didn't manage the trade right. real noob stuff. Stop wasn't BE or anything. By the time i came home it was screwed.
There's a 2 day pinbar there for a long play but that's another story. The entry was obvious. Candy from a baby stuff really.... anyway... lesson learned. onwards!
The annoying thing is i went out for a bit and didn't manage the trade right. real noob stuff. Stop wasn't BE or anything. By the time i came home it was screwed.
There's a 2 day pinbar there for a long play but that's another story. The entry was obvious. Candy from a baby stuff really.... anyway... lesson learned. onwards!
- #2,573
- May 16, 2012 2:22pm May 16, 2012 2:22pm
Ok so im only awake after the red horizontal line
So everything i see before that i mark out.
I see supply at 1 and 2.
I would not have taken a trade at 2 because it seems to have compression leading up to it? Meaning all orders above would be consumed?? Also 1 and 2 have been tested slightly before i woke up.
We have massive supply at 1.2680 as seen so the next revisit here was primed for a long.
My only shorts are at the decision to break the low and at the strong move away. They are better seen in the LTF of 5 min. Can anyone then explain what was going on after the first touch of the days high supply. I am lost after the red line really. I could read what happened before it no problem but things seemed to have gotten crazy after that. There was so many scalps inside scalps it was crazy? Where would one have placed your stops. Happens so often in a day i mark out my levels at the start and end up seeing smaller ones during the day and take them where they swing and hit the higher ones that i had first looked at. Maybe need more self control as it seems like gambling at times..
Is that compression leading up to the Supply as marked out in the blue triangle after the red line??
So everything i see before that i mark out.
I see supply at 1 and 2.
I would not have taken a trade at 2 because it seems to have compression leading up to it? Meaning all orders above would be consumed?? Also 1 and 2 have been tested slightly before i woke up.
We have massive supply at 1.2680 as seen so the next revisit here was primed for a long.
My only shorts are at the decision to break the low and at the strong move away. They are better seen in the LTF of 5 min. Can anyone then explain what was going on after the first touch of the days high supply. I am lost after the red line really. I could read what happened before it no problem but things seemed to have gotten crazy after that. There was so many scalps inside scalps it was crazy? Where would one have placed your stops. Happens so often in a day i mark out my levels at the start and end up seeing smaller ones during the day and take them where they swing and hit the higher ones that i had first looked at. Maybe need more self control as it seems like gambling at times..
Is that compression leading up to the Supply as marked out in the blue triangle after the red line??
