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Price is Everything Chat Room

  • #3,081
  • Jun 15, 2012 4:07am Jun 15, 2012 4:07am
Quoting FX.Sniffer
Finally closed all four orders manualy so I can go to bed and have sweet dreams it was a boring week

well, that was a price action reading, fine tuned by supply and demand method as taught in the PIE thread.

I will update the gold trade when its over, gonna be busy tomorrow.

Happy weekend all.
great job!
Live it or leave it!
  • #3,082
  • Jun 15, 2012 5:22am Jun 15, 2012 5:22am
already moved my SL to BE+1
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  • #3,083
  • Jun 15, 2012 5:38am Jun 15, 2012 5:38am
Quoting whiteout
Firt, welcome, and yess there is a lot of powerful stuff in this treadh, but if you wonna study PA take a look even at the Romancing the price (http://www.forexfactory.com/showthread.php?t=288142) treadh [check the useful link on 1 page], Price is everything (http://www.forexfactory.com/showthread.php?t=230888), and don't miss the acegazette site (http://www.acegazette.com/).
About SFP, i suggest you to read the Fail better treadh (http://www.forexfactory.com/showthread.php?t=287794), all thre...
Thanks Whiteout,

Yes I have been going through the RTP and Fail better thread now for a few months. I am generally a J16 trader but like to mix as much as I can as far as chart reading is concerned. Only J16 is insufficient I feel. I pay great attention to divergence and PA signals at important levels. The trade I took on AC was because on the H1 bullish momentum was being exhausted (Divergence on oscillators) plus bearish PA bars forming (like lots of pins etc.) All this was hapenning at a prior daily support level. A bounce was warranted and the market gave me a nice 40 pip chunk for a 15 pip stop. Only later I realized it sort of resembled SPF. Anyway im finding supply demand much more reliable as confluence levels than support resistance and at the moment just trying to add them into my tool box.

Thanks again for your response.

Best,
-H
  • #3,084
  • Jun 15, 2012 6:17am Jun 15, 2012 6:17am
Quoting Slurpee
already moved my SL to BE+1
TP hit exactly on pip
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  • #3,085
  • Jun 15, 2012 6:50am Jun 15, 2012 6:50am
another short on EU today... nice RR (1:3)

SL above the BEOB (or another right shoulder of this creature ) and TP just above the demand (brake of the bullish flag on the upmove)
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  • #3,086
  • Edited 8:04am Jun 15, 2012 6:54am | Edited 8:04am
closed first part at the first D level...


EDIT: update of the trade

EDIT 2: added some shorts on the rebound, one should have been a sell limit order (the lower one), but I clicked on market orders by mistake
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  • #3,087
  • Jun 15, 2012 8:21am Jun 15, 2012 8:21am
price can be scared as well..
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  • #3,088
  • Jun 15, 2012 8:41am Jun 15, 2012 8:41am
another retrace??? I am gettin bored...



the distance between lows and highs is decreasing... means sellers losing strength?

Please, other traders, post at least something as well, I am getting embarrased that I am spamming this thread
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  • #3,089
  • Jun 15, 2012 8:52am Jun 15, 2012 8:52am
Quoting Slurpee
another retrace??? I am gettin bored...



the distance between lows and highs is decreasing... means sellers losing strength?

Please, other traders, post at least something as well, I am getting embarrased that I am spamming this thread
yope, the buyers are still here...

at the end of the day, I am positive on my account, but it was a "teach-me-a-lesson" day...
Live it or leave it!
  • #3,090
  • Jun 15, 2012 8:52am Jun 15, 2012 8:52am
Quoting Slurpee
another retrace??? I am gettin bored...



the distance between lows and highs is decreasing... means sellers losing strength?

Please, other traders, post at least something as well, I am getting embarrased that I am spamming this thread
I think there are a lot of positions getting closed out before the weekend. Sunday may be interesting. I know I will be messing with my horse Buddy when they open.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,091
  • Jun 15, 2012 8:55am Jun 15, 2012 8:55am
Quoting Rufus
I think there are a lot of positions getting closed out before the weekend. Sunday may be interesting. I know I will be messing with my horse Buddy when they open.
yeah, you are right... We can call it the "tzatziki weekend"...eh?
Live it or leave it!
  • #3,092
  • Jun 15, 2012 9:03am Jun 15, 2012 9:03am
Sold UCAD.
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Exit manually.
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  • #3,093
  • Jun 15, 2012 9:04am Jun 15, 2012 9:04am
Quoting Slurpee
yeah, you are right... We can call it the "tzatziki weekend"...eh?

I would hate to be a broker guaranteeing a fixed spread if things are a mess. I can see why many are going to keep things closed down at least till the dust settles.

It wasn't very many years ago when the US had the banking debacle the spreads were massive at times. Was not easy to trade. For the most part I sat back and watched.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,094
  • Jun 15, 2012 9:05am Jun 15, 2012 9:05am
Quoting Rufus
I would hate to be a broker guaranteeing a fixed spread if things are a mess. I can see why many are going to keep things closed down at least till the dust settles.

It wasn't very many years ago when the US had the banking debacle the spreads were massive at times. Was not easy to trade. For the most part I sat back and watched.
totally agree...
Live it or leave it!
  • #3,095
  • Jun 15, 2012 9:06am Jun 15, 2012 9:06am
Quoting pipmunks
Sold UCAD.
Attachment

Exit manually.
Attachment
great job!
Live it or leave it!
  • #3,096
  • Jun 15, 2012 9:27am Jun 15, 2012 9:27am
Quoting Rufus
I would hate to be a broker guaranteeing a fixed spread if things are a mess. I can see why many are going to keep things closed down at least till the dust settles.

It wasn't very many years ago when the US had the banking debacle the spreads were massive at times. Was not easy to trade. For the most part I sat back and watched.
I was actually advised by my broker today to scale back on weekend positions due to high volatility hence likelihood of huge gaps. How sweet...lol

"Dear Trader,
Given the current volatile economic climate, Hantec Markets strongly recommend clients to scale back their Forex and CFD exposure over the weekend. As we risk seeing extreme market gaps between the markets’ closing rates on Friday and the markets’ opening rates on Sunday night, we advise all clients to factor this possibility into your trading decisions."
  • #3,097
  • Jun 15, 2012 9:55am Jun 15, 2012 9:55am
Quoting goldfish3
I was actually advised by my broker today to scale back on weekend positions due to high volatility hence likelihood of huge gaps. How sweet...lol

"Dear Trader,
Given the current volatile economic climate, Hantec Markets strongly recommend clients to scale back their Forex and CFD exposure over the weekend. As we risk seeing extreme market gaps between the markets’ closing rates on Friday and the markets’ opening rates on Sunday night, we advise all clients to factor this possibility into your trading decisions."
Oanda will not accept any activicty trading from 6 am est until 3 pm est, fx pro has sent a worning..will be an interesting week.

....hopefully NZD/USD will tank before the friday close.
Sometime the horizon disappear. Twitter: @_whiteout
  • #3,098
  • Jun 16, 2012 12:26pm Jun 16, 2012 12:26pm
Trying to help IF spread the word.

If anyone can help, even if you know of someone who could help, IF would love you to bits.

Need some help with Joomla (http://www.forexfactory.com/showthread.php?p=5759652#post5759652).
  • #3,099
  • Jun 17, 2012 3:56pm Jun 17, 2012 3:56pm
Quoting Tyoon
Trying to help IF spread the word.

If anyone can help, even if you know of someone who could help, IF would love you to bits.

Need some help with Joomla (http://www.forexfactory.com/showthread.php?p=5759652#post5759652).
I dont know anyone but if you cant find anyone then I would be willing to contribute towards paying a developer to sort it out. Between a dozen or so the cost would'nt be too much I wouldnt think. Elance is a good place to start.
  • #3,100
  • Jun 17, 2012 4:04pm Jun 17, 2012 4:04pm
can anybody tell me the way no know about market open price on Monday..
how to know whether there would be a gap in price
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