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Price is Everything Chat Room

  • #3,841
  • Jul 12, 2012 11:52pm Jul 12, 2012 11:52pm
Quoting hometrading
Story time, would appreciate any feedback if I see this correctly.
Hi Home - I'm in this one ( on demo - I've put myself back to demo for a week or two as punishment for some bad bad trading yesterday ).

Here is my take on it.

EDIT: I guess the conservative play on this might be to wait for that small demand level price is currently sitting at to break, and then trade the re-test of that - BUT if price really takes off through that compression, you might miss it and then it might have found new demand and move up higher.
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- Look to the left, Trade to the right - I am the system
  • #3,842
  • Jul 13, 2012 12:07am Jul 13, 2012 12:07am
AU approaching an interesting level.
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- Look to the left, Trade to the right - I am the system
  • #3,843
  • Jul 13, 2012 12:44am Jul 13, 2012 12:44am
Quoting hometrading
Story time, would appreciate any feedback if I see this correctly.
Did you spot the qm?

For those who can't find it, it's inverted and the "center" of the story...
  • #3,844
  • Jul 13, 2012 1:04am Jul 13, 2012 1:04am
Quoting Sebastiaan76
AU approaching an interesting level.
Very nice. It is aiming with perfect symetry (flag from low) for the decision point at supply.
Even a little compression. Now the spike to sell...

Ps. Typing on tablet sucks.
  • #3,845
  • Jul 13, 2012 1:04am Jul 13, 2012 1:04am
Quoting MitchWorse
Did you spot the qm?

For those who can't find it, it's inverted and the "center" of the story...
Completing at the trapped buyers
  • #3,846
  • Jul 13, 2012 1:07am Jul 13, 2012 1:07am
Quoting Sebastiaan76
Hi Home - I'm in this one ( on demo - I've put myself back to demo for a week or two as punishment for some bad bad trading yesterday ).

Here is my take on it.

EDIT: I guess the conservative play on this might be to wait for that small demand level price is currently sitting at to break, and then trade the re-test of that - BUT if price really takes off through that compression, you might miss it and then it might have found new demand and move up higher.
Nicely done Seb, looks like it is finally falling
  • #3,847
  • Jul 13, 2012 1:14am Jul 13, 2012 1:14am
Quoting hometrading
Nicely done Seb, looks like it is finally falling
Have taken some off the table, moved SL to BE and will let the rest run to target
Attached Image (click to enlarge)
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- Look to the left, Trade to the right - I am the system
  • #3,848
  • Jul 13, 2012 1:56am Jul 13, 2012 1:56am
Quoting poncho1
Sorry for my stupidity, but I cant see how these three charts relate...

Or do they relate at all?

Maybe it just been a long day at the job I'm trying to replace, LOL.

Maybe some clues to the simplicity?

Poncho
Just draw a line on Loonie at 1.0249, go left to last touch, and see where the decision had been made

simple
  • #3,849
  • Jul 13, 2012 2:31am Jul 13, 2012 2:31am
Quoting MitchWorse
Very nice. It is aiming with perfect symetry (flag from low) for the decision point at supply.
Even a little compression. Now the spike to sell...

Ps. Typing on tablet sucks.
I'll be watching it closely.

and thanks for Vouch!!! I'm honored to receive it. It means alot. You just made my Friday 13th a great day

Seb
- Look to the left, Trade to the right - I am the system
  • #3,850
  • Jul 13, 2012 2:37am Jul 13, 2012 2:37am
Quoting Sebastiaan76
I'll be watching it closely.

and thanks for Vouch!!! I'm honored to receive it. It means alot. You just made my Friday 13th a great day

Seb
I'd want to short AU a little higher...somewhere in the 1.0180 region
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Fall seven times, stand up Eight! #GGMU
  • #3,851
  • Jul 13, 2012 2:39am Jul 13, 2012 2:39am
Quoting Ifmyante
I've been asked that question before - still have no answer to it
I'm guessing that this is screen size (resolution) of IF's PC. Also it's zoomed out.

Quoting Ifmyante
It'll be interesting to see whether it bounces from the decision point or the affirmation point here

If it reaches the upper, it'll still need alot of bear pressure to get down through the base it's forming now
I waited for this entry Unfortunately I was not at the computer at the best time. Half closed.

This thread swells, lots of reading everyday
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,852
  • Jul 13, 2012 2:43am Jul 13, 2012 2:43am
Quoting kruger
I'm guessing that this is screen size (resolution) of IF's PC. Also it's zoomed out.



I waited for this entry Unfortunately I was not at the computer at the best time. Half closed.

This thread swells, lots of reading everyday
Nice catch, K

yeah, was amazed to open it yesterday and find I was a page behind the chat!

Seems like the bubble before it goes quiet
  • #3,853
  • Jul 13, 2012 2:46am Jul 13, 2012 2:46am
Quoting Ifmyante
Nice catch, K
Seems like the bubble before it goes quiet
Thanks to AG (a bit like LQ)
  • #3,854
  • Jul 13, 2012 2:48am Jul 13, 2012 2:48am
Quoting emene
I did, I'm letting it run. If it comes back, so be it.
So, in this situation your SL is @ BE now, or you move stop after first test?
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,855
  • Jul 13, 2012 2:53am Jul 13, 2012 2:53am
Quoting kruger
So, in this situation your SL is @ BE now, or you move stop after first test?
Very interesting zone right here - qm cping up to tip of wrb
  • #3,856
  • Jul 13, 2012 2:54am Jul 13, 2012 2:54am
Quoting hometrading
Thanks to AG (a bit like LQ)
EXACTLY!
  • #3,857
  • Jul 13, 2012 2:55am Jul 13, 2012 2:55am
Quoting Ifmyante
Seems like the bubble before it goes quiet
Most important that this enthusiasm will move to a new location .
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,858
  • Jul 13, 2012 2:56am Jul 13, 2012 2:56am
Hi IF

Are you planning to move this forum to some new location? on FF??

Thanks
Vicky
Fall seven times, stand up Eight! #GGMU
  • #3,859
  • Jul 13, 2012 2:57am Jul 13, 2012 2:57am
Quoting Ifmyante
Very interesting zone right here - qm cping up to tip of wrb
True. I thought that retrace will be quicker to form IPB at daily, but this looks nice too
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,860
  • Jul 13, 2012 2:57am Jul 13, 2012 2:57am
Quoting kruger
Most important that this enthusiasm will move to a new location .
Yup. I reckon we can all see where this is going
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