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Price is Everything Chat Room

  • #2,821
  • May 25, 2012 9:23am May 25, 2012 9:23am
Quoting hometrading
Sorry that I am quiet at the moment, had a challenging two weeks trading wise seem to be chasing my tail, doing same mistakes over and over again.
Anyway time to change and time to get back to basics and do some good analysis. The trades I am winning are the ones that have a setup on a HTF and then enter it on LTF. Need to do more of this.
Great example attached.
Your charts are great.
More time i spend on charts the more i am convinced that trading is easy, unfortunately, people are complicated.
fear, greed, impatience, lack of discipline, those are the demons we have to fight.
Sometime the horizon disappear. Twitter: @_whiteout
  • #2,822
  • Edited 9:52am May 25, 2012 9:26am | Edited 9:52am
who is in euro ??
could be a little scalp could be somethingh more.[don't belive]

edit: a little scalp, exit on the QM
ps: Kruger, next time you call a qm, could you put a little higher please ? tnx
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur past.gif Size: 25 KB
Click to Enlarge Name: eur now.gif Size: 18 KB
Click to Enlarge Name: eurusd m1 qm.gif Size: 19 KB
Sometime the horizon disappear. Twitter: @_whiteout
  • #2,823
  • May 25, 2012 9:56am May 25, 2012 9:56am
Quoting whiteout
who is in euro ??
could be a little scalp could be somethingh more.[don't belive]

edit: a little scalp, exit on the QM
ps: Kruger, next time you call a qm, could you put a little higher please ? tnx
I will try
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,824
  • May 25, 2012 10:26am May 25, 2012 10:26am
Quoting kruger
This can be ping-pong between QMs
Update. I thought that the price come down a bit lower, and therefore I think that the m1 pin will be tested once again...
Anyway I'm done for today. Have a great weekend everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.jpg Size: 70 KB
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,825
  • May 25, 2012 7:21pm May 25, 2012 7:21pm
Quoting whiteout
who is in euro ??
could be a little scalp could be somethingh more.[don't belive]

edit: a little scalp, exit on the QM
ps: Kruger, next time you call a qm, could you put a little higher please ? tnx
I'm up almost 50% with 1 EU trade so far. keep falling EU! Woot!
  • #2,826
  • May 27, 2012 6:17am May 27, 2012 6:17am
Quoting whiteout
Your charts are great.
More time i spend on charts the more i am convinced that trading is simple, unfortunately, people are complicated.
fear, greed, impatience, lack of discipline, those are the demons we have to fight.
A small correction, but big difference
  • #2,827
  • May 28, 2012 2:10am May 28, 2012 2:10am
Hi traders!
New week, and my first setup: QM is forming on EU at pivot
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.jpg Size: 56 KB
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,828
  • May 28, 2012 4:23am May 28, 2012 4:23am
hey all...
is it just me or is there something going on with the images on this site.. alot of them, including avatars are just not showing and ive checked my settings and everything still seems enabled..??
nollej is power..
  • #2,829
  • May 28, 2012 4:38am May 28, 2012 4:38am
Quoting nollej
hey all...
is it just me or is there something going on with the images on this site.. alot of them, including avatars are just not showing and ive checked my settings and everything still seems enabled..??
all seems fine here
  • #2,830
  • May 28, 2012 9:37am May 28, 2012 9:37am
Quoting nollej
hey all...
is it just me or is there something going on with the images on this site.. alot of them, including avatars are just not showing and ive checked my settings and everything still seems enabled..??
Yah ff has been funny yesterday and today with loading images for me.

Spooky; only IF's avatar loads right now...
  • #2,831
  • May 28, 2012 9:44am May 28, 2012 9:44am
?
  • #2,832
  • May 28, 2012 10:50am May 28, 2012 10:50am
People complaining about this on J16 thread too. Seems fine to me tho.
  • #2,833
  • May 28, 2012 12:09pm May 28, 2012 12:09pm
back for a few charts...

hope you guys are ok ?

Attached Image (click to enlarge)
Click to Enlarge Name: 19.jpg Size: 108 KB
Hero calls followed by margin calls...
  • #2,834
  • May 28, 2012 12:58pm May 28, 2012 12:58pm
Quoting PhAnTi'
back for a few charts...

hope you guys are ok ?

Attachment
Thanks Jonas. There is a lot to learn from that chart when you look at it from an overshoot and retest context also.
  • #2,835
  • May 28, 2012 1:11pm May 28, 2012 1:11pm
Quoting Tyoon
Thanks Jonas. There is a lot to learn from that chart when you look at it from an overshoot and retest context also.
waiting for yours
Hero calls followed by margin calls...
  • #2,836
  • May 28, 2012 2:20pm May 28, 2012 2:20pm
Quoting PhAnTi'
waiting for yours
Thoughts on chart J.

..
Attached Image (click to enlarge)
Click to Enlarge Name: egovershootretest.png Size: 52 KB
  • #2,837
  • May 29, 2012 3:04am May 29, 2012 3:04am
Quiet quiet here....hope seniors are still around to help.

Took a demo on GU, got stopped out. Appreciate view from someone out there. Thks

One more thing: After gap has closed, is it usually better to trade in the direction of the gap? Realised this is the 2nd time I trade in the opp direction of gap (after it has closed) and got stopped out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu_m15_290512.gif Size: 17 KB
Click to Enlarge Name: gu_m1_290512_supply.gif Size: 14 KB
Click to Enlarge Name: gu_m5_290512.gif Size: 15 KB
  • #2,838
  • May 29, 2012 5:33am May 29, 2012 5:33am
Quoting Fx7877
Quiet quiet here....hope seniors are still around to help.

Took a demo on GU, got stopped out. Appreciate view from someone out there. Thks

One more thing: After gap has closed, is it usually better to trade in the direction of the gap? Realised this is the 2nd time I trade in the opp direction of gap (after it has closed) and got stopped out.
hi m8, hope all is well. i'm not senior at all but i have a view on how you could have avoided this one.
Firstly, the decision point you chose wasn't much of a decision. They were lows which were already breached and although it required a decision, not much of one.
Secondly the size of the bars there. i know they dont always have to be big but i think it's best if price really does shoot away, or your talking about the decision to break some big pivot area which requires big orders or will attract more orders and protect the zone.
I've shown on one chart how this decision was taken before and what i would be looking for. Typically the gap obscured PA afterwards and we actually got an area of D there after gap closure, the reason for that i do not know - possibly LQ looking for higher prices to short? Screwing retail? I dunno.
Thirdly i've indicated on my charts a couple of reasons i'd be out of shorts from there. The pins.
Hope this is some help m8.
Attached Image (click to enlarge)
Click to Enlarge Name: gu m5.gif Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gu m5a.gif Size: 26 KB


EDIT:- forgot the CP.
  • #2,839
  • May 29, 2012 5:51am May 29, 2012 5:51am
As a relative noob myself, i have found it really useful to play just one pair for a few days. Something which moves a lot and you get nice PA. Gold/EU/GU/UJ.

In the example above, there was a failed trade. But there are/were opportunities to get that back. By studying one pair you get to know the levels which are key, the direction we are going in (generally), the big developments (increased LQ, news, levels breaking down etc) and you can start to begin to see things unfold as you predict.

Following many pairs (as i have found out lately) can be very hard on both your time, your study and your mind. Missing stuff and watching others post it, only to find what you took yourself turns to shit is something we've all done/do and it can be really upsetting (to me anyway). It phucks with your head a bit.

So to counter that i sometimes just play one pair. I may start appallingly, losing a couple % quite quick. giving up there is a bad mistake in my book. Although i do not seek revenge, i do like to recoup losses, so i learn why i failed and wait for the next setup. This one might make a few % on it's own. then the next might do the same and so on.

Playing the lower TF (with respect of all the high TF factors) you can do a lot of analysis and make/lose a lot quite quickly so it's great to learn (on demo of course).

Some of my best days since starting the PIE journey have started shite, and turned into great great days which have validated my knowledge and increased my pot leaving me feel like i might just be getting the hang of it after all. Had i walked away miserable i might have felt differently.

Just some thoughts guys... it's a tough journey sometimes.
  • #2,840
  • May 29, 2012 7:54am May 29, 2012 7:54am
Quoting beebolbod
Just some thoughts guys... it's a tough journey sometimes.
Yes but rewarding at the end!
My biggest challenge is keeping emotions out, the market is just doing its thing and most times it actually tells you what comes next.
It is up to us to listen.
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