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Price is Everything Chat Room

  • #3,161
  • Jun 25, 2012 10:38pm Jun 25, 2012 10:38pm
Quoting elliotrader
hi sebastian!

i got similar zones on the euro but i dont trade these hrs,i will wait for london open to take a trade.
as for limit orders i rarely use them.i always like to wait for price confirmation (even if it means i will most likely get a later entry than someone who place a limit order, but waiting for pa at a zone gives me more confidence in my trade).
as to IF,he is working hard on the new valuable site he and some others great traders are working on.
here is the link,check it out:
www.acegazette.com

good night!
Hi Ellio, Aceegazette.com looks great.

Couldn't resist and took a quick scalp for 7 pips on EU - after confirming PA ofcourse
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- Look to the left, Trade to the right - I am the system
  • #3,162
  • Jun 26, 2012 5:08am Jun 26, 2012 5:08am
Hey guys,

Just wondering what everyone thinks of this zone on cable? Anybody else waiting to take it?
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  • #3,163
  • Jun 26, 2012 5:29am Jun 26, 2012 5:29am
Quoting Pedini89
Hey guys,

Just wondering what everyone thinks of this zone on cable? Anybody else waiting to take it?
Definitely one worth watching, but I'd definitely be waiting for PA confirmation - as it is more of a DBD. Also perfect confluence with 61.8% fib of that whole move.

There is also a nicer RBD level above there which is at roughly the 78.6% fib ( or the 'Three Quarter Pull' level ).

One interesting thing to note with H4 charts is how the candles can look so different with different brokers, and when they start their H4 candles.

My broker is GMT timezone, and look how different my chart looks to yours at that zone.
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- Look to the left, Trade to the right - I am the system
  • #3,164
  • Jun 26, 2012 5:38am Jun 26, 2012 5:38am
Quoting Sebastiaan76
Definitely one worth watching, but I'd definitely be waiting for PA confirmation - as it is more of a DBD. Also perfect confluence with 61.8% fib of that whole move.

There is also a nicer RBD level above there which is at roughly the 78.6% fib ( or the 'Three Quarter Pull' level ).

One interesting thing to note with H4 charts is how the candles can look so different with different brokers, and when they start their H4 candles.

My broker is GMT timezone, and look how different my chart looks to yours at that zone.
Thanks for your input Seb - I'll definitely be keeping an eye on it.
  • #3,165
  • Jun 26, 2012 5:43am Jun 26, 2012 5:43am
Quoting NaughtyPip
Here is how I define it
That is a very sound explanation in my view. I think of it slightly differently, but I think most traders see the market differently from one another. Because they see it differently, they trade it differently.
  • #3,166
  • Jun 26, 2012 5:55am Jun 26, 2012 5:55am
Quoting Pedini89
Hey guys,

Just wondering what everyone thinks of this zone on cable? Anybody else waiting to take it?
The 4H chart only gives a small part of the picture here. Check the daily chart and the SRs as well as the SD levels.. it could help you get a bigger and better picture of what price is doing.
  • #3,167
  • Jun 26, 2012 8:59am Jun 26, 2012 8:59am
sp trade.
price is coming from demand up to a swap level.
took a short after pb as seen on 5 m chart.
risk free trade as my sl=be.(we are coming from demand below so im not sure the swap will hold). waiting for price to break 5m demand levels (marked with elipse.)
if it doeesnt than i assume the swap level will brk.
wait and see.
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  • #3,168
  • Jun 26, 2012 9:12am Jun 26, 2012 9:12am
now ill be watching for swap to break and price to make HH.
or the other scenario is that the spike down to demand consumed it and now price will drop even further ,which means i bailed to soon.oh well.

edit:yep,i bailed too early.the spike was consuming demand. defentlly upsetting but its part of this game.
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  • #3,169
  • Jun 26, 2012 3:21pm Jun 26, 2012 3:21pm
very interesting day i had with the sp.2 winners,2 losers,2 BE but green overall.
a lot of supply areas on sp.some stronger than others.
demand below has been visited multiple times therefor im thinking once and if price finds the supply level above that is strong enough to drop it than we might see a big drop since demand might be consumed.
but ofcourse there is room to play longs if swap brks.
i will have to wait for ny session tmrw.
any comments??
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  • #3,170
  • Jun 26, 2012 3:47pm Jun 26, 2012 3:47pm
Quoting elliotrader
any comments??
Nice work mate. Just a chart with thoughts.. thinking mainly about the strength of the demand.

..
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  • #3,171
  • Jun 26, 2012 6:38pm Jun 26, 2012 6:38pm
Something I'm watching on AU today - keen to hear what others think.

Will see how AU reacts from Demand and potentially take a long up to the Demand/Supply swap area as a first target.
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- Look to the left, Trade to the right - I am the system
  • #3,172
  • Jun 26, 2012 9:27pm Jun 26, 2012 9:27pm
appreciate your comment tyoon.
i would like to see price dropping to my yellow box when i wake up later to trade ny session in order to take a long and ride it to the upper supply levels.
even better will be to see price dropping in such a manner that illl see spike candles consuming supply on the way down leaving the path up open.
ofcourse it might not happen at all but if i could choose than that would be my choice.
lets see.
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  • #3,173
  • Jun 26, 2012 9:36pm Jun 26, 2012 9:36pm
Quoting Sebastiaan76
Something I'm watching on AU today - keen to hear what others think.

Will see how AU reacts from Demand and potentially take a long up to the Demand/Supply swap area as a first target.
hi sebastiaan!
i like ur chart.wait for pa to support your long.
GL!
  • #3,174
  • Jun 26, 2012 9:58pm Jun 26, 2012 9:58pm
looks like I missed my entry?

I was waiting for a pullback to 1.0500 area to re-test that trendline ( which might still happen ). Which would be good as it would clear that last supply area near the high.
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- Look to the left, Trade to the right - I am the system
  • #3,175
  • Jun 27, 2012 5:00am Jun 27, 2012 5:00am
hey traders..been off trading since last week and decided to take this long entry on gold for this week, so lets see how it goes.

ps. for more details visit AG site
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Sniffing Snake's Tracks...
  • #3,176
  • Jun 27, 2012 5:28am Jun 27, 2012 5:28am
my euro chart.
waiting for price to drop to demand below to take a long given the proper pa at the zone.
tg is gap fill and supply zone above.
any comments?
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  • #3,177
  • Jun 27, 2012 5:56am Jun 27, 2012 5:56am
Quoting elliotrader
my euro chart.
waiting for price to drop to demand below to take a long given the proper pa at the zone.
tg is gap fill and supply zone above.
any comments?
Fart-thinking on my charts.

See the 1h chart? The current range looks very similar to the previous range at demand. Hard to tell if this is accumulation or redistribution - most likely accumulation.

..
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  • #3,178
  • Jun 27, 2012 6:08am Jun 27, 2012 6:08am
Quoting Tyoon
Fart-thinking on my charts.

See the 1h chart? The current range looks very similar to the previous range at demand. Hard to tell if this is accumulation or redistribution - most likely accumulation.

..
hmm interesting chart!
thx buddy!
  • #3,179
  • Jun 27, 2012 6:50am Jun 27, 2012 6:50am
http://www.forexfactory.com/news.php?do=news&id=370618

are we doomed for 5 more hrs of quiet action until she open her mouth?....
  • #3,180
  • Jun 27, 2012 7:12am Jun 27, 2012 7:12am
Quoting elliotrader
http://www.forexfactory.com/news.php?do=news&id=370618

are we doomed for 5 more hrs of quiet action until she open her mouth?....
The only one who can answer that is price.

From my view, I can see there could at least be a fake to the downside of the support before any advance up.. if there is an advance up.
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