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Price is Everything Chat Room

  • #3,281
  • Jun 29, 2012 8:34am Jun 29, 2012 8:34am
zone already visited, and gap could be filled even a month later [if], but the zone is still interesting; and i have the words of the olds wisdoms whit me. let'see PA.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #3,282
  • Jun 29, 2012 8:51am Jun 29, 2012 8:51am
Quoting FX.Sniffer
Pirates of Greed Mel I think fiber will retest 1.2530 zone.
I got a PM asking why 1.2530 zone and whats so special about it.

So here goes the answer and it's just my opinion.
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Sniffing Snake's Tracks...
  • #3,283
  • Jun 29, 2012 9:31am Jun 29, 2012 9:31am
I'd like to elaborate more about my previous post with some examples specially that Emene has mentioned something similar to it in one of his gold trades at the AG site, but will do it later after returning back from the pitbull concert.

It's all part of the supply and demand analysis.

cheers,
Sniffing Snake's Tracks...
  • #3,284
  • Jun 29, 2012 10:44am Jun 29, 2012 10:44am
Taking a wee bit off Platinum here

I know if I close it, I won't return to it
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  • #3,285
  • Jun 29, 2012 10:48am Jun 29, 2012 10:48am
Quoting FX.Sniffer
I got a PM asking why 1.2530 zone and whats so special about it.

So here goes the answer and it's just my opinion.
Today's move north on EU should act as an example of perfect usage of compression which formed whole last week.
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,286
  • Jun 29, 2012 10:52am Jun 29, 2012 10:52am
Quoting Ifmyante
Taking a wee bit off Platinum here

I know if I close it, I won't return to it
Juicy entry IF lots of space on north but retrace is expected
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,287
  • Jun 29, 2012 10:54am Jun 29, 2012 10:54am
Quoting kruger
Juicy entry IF lots of space on north but retrace is expected
Yup. I'd better just forget it's there
  • #3,288
  • Jun 29, 2012 11:08am Jun 29, 2012 11:08am
My EU lock for the weekend
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,289
  • Jun 29, 2012 11:22am Jun 29, 2012 11:22am
Although there was news to back it up.. the market made a cycle movement.

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I remember Brian made a similar chart some time ago.

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  • #3,290
  • Jun 29, 2012 11:31am Jun 29, 2012 11:31am
Quoting Tyoon
Although there was news to back it up...
The truth about the news of this chart is very true. Some time ago I gave up with the news because my mind was greatly disturbed. As for the euro, until this afternoon I did not know that something is going on - I found out from TV during dinner
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,291
  • Jun 29, 2012 2:16pm Jun 29, 2012 2:16pm
Quoting Venice
Awesome Job Mel. People sometimes ask me how I have the patience to swing trade like I do... (orders are more often than not open for 3 days to a month).

I always ask how you can stand to sit in front of your screen on a day to day basis watching price bounce around... LOL. I'd rather be sipping mojitos somewhere

Lol...
Yes, waiting for the very best setups is not always easy but it definately can be worth it...

Mojitos... sounds good but since I don't drink, it'll be without alcohol for me lol... :-)
  • #3,292
  • Jun 29, 2012 2:19pm Jun 29, 2012 2:19pm
Quoting Tyoon
Although there was news to back it up.. the market made a cycle movement.

Attachment

I remember Brian made a similar chart some time ago.

Attachment
Awesome post! Thanks for sharring Tyoon.
  • #3,293
  • Jun 29, 2012 2:23pm Jun 29, 2012 2:23pm
Quoting Ifmyante
Taking a wee bit off Platinum here

I know if I close it, I won't return to it
Beautiful entry, you got in at a very nice price!
Very good as always!
Mel
  • #3,294
  • Jun 29, 2012 2:30pm Jun 29, 2012 2:30pm
Just noticed the S&P

http://finviz.com/futures_charts.ashx?t=ES

Beautiful launch out of demand. Cluster resolved north, then came back for a retest.
  • #3,295
  • Jun 29, 2012 3:04pm Jun 29, 2012 3:04pm
It's to bad us American's can't trade gold because our government is to busy "protecting us from ourselves"... instead of going after the actual crooks. Would have loved to sling it :/[/quote]

I find it ironic that we can go to any casino and play till we are broke or buy an unlimited amount of lottery tickets but they need to protect us from the evil trading world...LOL.

Good weekend all,

Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #3,296
  • Jun 29, 2012 3:06pm Jun 29, 2012 3:06pm
Quoting poncho1
It's to bad us American's can't trade gold because our government is to busy "protecting us from ourselves"... instead of going after the actual crooks. Would have loved to sling it :/

I find it ironic that we can go to any casino and play till we are broke or buy an unlimited amount of lottery tickets but they need to protect us from the evil trading world...LOL.

Good weekend all,

Poncho
Yep. It's nonsense... and yet... where is the protection from those that crashed our economy? Why aren't they in jail? Oi... I'm going to stop talking about this before I get really upset and fired up... It's Friday... no need for it...
  • #3,297
  • Jun 29, 2012 3:34pm Jun 29, 2012 3:34pm
Quoting kruger
My EU lock for the weekend
Hi kruger, why dont you close the buy order and buy it again when it drops or in worst case if it didn't you can buy at the breakout.

Good trade mate
Sniffing Snake's Tracks...
  • #3,298
  • Jun 29, 2012 4:37pm Jun 29, 2012 4:37pm
As promised earlier... explanation on first chart.

I hope it makes sense and if not then please ignore it.
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Sniffing Snake's Tracks...
  • #3,299
  • Jun 30, 2012 3:39am Jun 30, 2012 3:39am
Quoting @mel
Awesome post! Thanks for sharring Tyoon.
Although it is only after-the-fact analysis, it comes of value to look at a chart and try and identify the order flow and try to understand why it occurred. I think I have said this before - if you can't identify price behaviour after-the-fact, what chance do you have to recognize or even trade it before/during-the-fact in the live market?

Study, with a combined effort to apply the understanding to a chart will turn identification into recognition.. and we can only trade what we recognize.

Eh, weekend blabber already.
  • #3,300
  • Jul 1, 2012 11:51am Jul 1, 2012 11:51am
Quoting FX.Sniffer
Hi kruger, why dont you close the buy order and buy it again when it drops or in worst case if it didn't you can buy at the breakout.

Good trade mate
Hi FX!
This buy is rest of the original long trade (1/3). As for your question the reasons were two - I like to play with KennyZ's locking strategy and free mind for the weekend. So as you can see there were no deep plans

Referring to your loss on gold - a pity that your sl was hit. This H1 demand confirmed my plans for the EU.

I have followed with interest your recent charts - well done
W Szczebrzeszynie chrząszcz brzmi w trzcinie
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