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  • #3,041
  • Aug 30, 2012 4:13am Aug 30, 2012 4:13am
Quoting Balhana
Hi Tomek, nice trade!

FYR. Just my two cents.
Thanks Sang. That did go through my mind also, especially when price did not react the way I was expecting it to.

Feedback is good, it is always welcome
  • #3,042
  • Aug 30, 2012 4:19am Aug 30, 2012 4:19am
Watching this area on EAUD for potential short.

Note how price reacted to that lower M5 DBD yesterday @ 1.2130...
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  • #3,043
  • Aug 30, 2012 6:48am Aug 30, 2012 6:48am
Quoting Balhana
Update.
Hi Balhana,

when I looked at the demand zone, I can see it between 0.7990 and 0.7997. this is the cong. area before the move! you can see it up to H1 TF

Is some thing wrong with my view ....

BR.
  • #3,044
  • Aug 30, 2012 7:18am Aug 30, 2012 7:18am
Quoting faheem999
Hi Balhana,

when I looked at the demand zone, I can see it between 0.7990 and 0.7997. this is the cong. area before the move! you can see it up to H1 TF

Is some thing wrong with my view ....

BR.
There was a cluster between 0.7998 and 0.8011, which was taken out north. In this case, the zone (0.7998-0.8011) usually acts as demand. Price usually dips deeply into such zones.

Take a look at post #3040, which is similar to this case.

Just my thought.
  • #3,045
  • Aug 30, 2012 7:25am Aug 30, 2012 7:25am
Quoting Balhana
Closed 2/3 (the two higher entries) at BE.
Added shorts at 1.8010
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  • #3,046
  • Aug 30, 2012 7:39am Aug 30, 2012 7:39am
Quoting Balhana
Added shorts at 1.8010

Did you mean added LONG at 0.801 ? lol
No more DOH! trades
  • #3,047
  • Aug 30, 2012 8:22am Aug 30, 2012 8:22am
Took a short at 124.55 on GJ.
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  • #3,048
  • Aug 30, 2012 8:29am Aug 30, 2012 8:29am
Quoting nonethewisa
Did you mean added LONG at 0.801 ? lol
LOL

Not looking good now.....
  • #3,049
  • Aug 30, 2012 8:44am Aug 30, 2012 8:44am
Hello Balhana,

thanks for the great charts, this came to my mind....

Michael
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Be like water.
  • #3,050
  • Aug 30, 2012 8:49am Aug 30, 2012 8:49am
2nd trade of the day. Short GBPCAD at S DBD zone not visible in chart. Reaction was good. Most profits banked at lower channel, remainder left to target source of channel. Holding trades is something I'm trying to refine.
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  • #3,051
  • Aug 30, 2012 9:02am Aug 30, 2012 9:02am
Quoting msmarple
Hello Balhana,

thanks for the great charts, this came to my mind....

Michael
Hi Michael,

Look at my 4H chart. I can see some wicks, which doesn't make me guess that the demand might have been consumed. My TP is around 124.25
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  • #3,052
  • Aug 30, 2012 9:03am Aug 30, 2012 9:03am
Quoting 5.25
2nd trade of the day. Short GBPCAD at S DBD zone not visible in chart. Reaction was good. Most profits banked at lower channel, remainder left to target source of channel. Holding trades is something I'm trying to refine.

Entering trades is something im trying to refine lol. I always seem to see the set-ups too late, i dont know how you guys do it
No more DOH! trades
  • #3,053
  • Aug 30, 2012 9:05am Aug 30, 2012 9:05am
Quoting 5.25
2nd trade of the day. Short GBPCAD at S DBD zone not visible in chart. Reaction was good. Most profits banked at lower channel, remainder left to target source of channel. Holding trades is something I'm trying to refine.
Very nice!


EDIT: Looks like this is not a lucky day for me....
  • #3,054
  • Aug 30, 2012 9:05am Aug 30, 2012 9:05am
I see, yes - thanks for reply.

On daily CADJPY looks heavy as well BTW.

Michael
Be like water.
  • #3,055
  • Aug 30, 2012 9:18am Aug 30, 2012 9:18am
Quoting nonethewisa
Entering trades is something im trying to refine lol. I always seem to see the set-ups too late, i dont know how you guys do it
LOL, I'm pissing off my boss by not delivering on time, that's how I do it!

I've been sticking to EURUSD on the VLTF of late, but becuase it looked a bit sluggish I searched elsewhere.
  • #3,056
  • Aug 30, 2012 9:24am Aug 30, 2012 9:24am
Quoting Balhana
Very nice!


EDIT: Looks like this is not a lucky day for me....
Remainder stopped at BE.

I had a bad day yesterday to the point I was about to close and withdraw my account. I blame my stressfull job.

One loosing trade beats me up more than the satisfaction of a several winning trades. Even if they're back to back.

Still, nothing in trading is 100% certain and is part of this business.
  • #3,057
  • Aug 30, 2012 9:26am Aug 30, 2012 9:26am
Quoting Balhana
Added shorts at 1.8010
Got stopped out at 0.7994 for -51 pips.
  • #3,058
  • Aug 30, 2012 9:46am Aug 30, 2012 9:46am
Quoting Balhana
Hi Michael,

Look at my 4H chart. I can see some wicks, which doesn't make me guess that the demand might have been consumed. My TP is around 124.25
Closed 2/2 at 124.15 for +80 pips.
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  • #3,059
  • Aug 30, 2012 9:48am Aug 30, 2012 9:48am
Quoting 5.25
LOL, I'm pissing off my boss by not delivering on time, that's how I do it!

I've been sticking to EURUSD on the VLTF of late, but becuase it looked a bit sluggish I searched elsewhere.

Ah right, maybe i should try to reduce the number of charts i look at.
No more DOH! trades
  • #3,060
  • Aug 30, 2012 9:56am Aug 30, 2012 9:56am
Quoting 5.25
Remainder stopped at BE.
I think the market reads this thread. That's a pip perfect stop before a healthy move to the down side LOL.

LJ, how do you manage your SL? Do you move to BE or allow for the trade to run?
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