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Price is everything

  • #28,821
  • Jun 17, 2013 2:57pm Jun 17, 2013 2:57pm
This thread used to be a beautiful , purist PA thread...a little dirty at times, yes....BUT NEVER BORING.

WTFX is going on ?
All systems of divination, like music itself,work through patterns.
  • #28,822
  • Jun 17, 2013 3:31pm Jun 17, 2013 3:31pm
K, first one to tell me what is going on here gets a virtual bottle of Rum
Attached Image
All systems of divination, like music itself,work through patterns.
  • #28,823
  • Jun 17, 2013 3:39pm Jun 17, 2013 3:39pm
and this one gets a bottle of CC
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All systems of divination, like music itself,work through patterns.
  • #28,824
  • Jun 17, 2013 3:45pm Jun 17, 2013 3:45pm
aha..no trades on them !!! That is because my positions are flat....a position nonetheless....
All systems of divination, like music itself,work through patterns.
  • #28,825
  • Jun 17, 2013 9:18pm Jun 17, 2013 9:18pm
@ alfonso - many thanks for making the videos - the things become more clear for me
what about the base i marked on your screnshot ?
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  • #28,826
  • Jun 17, 2013 10:23pm Jun 17, 2013 10:23pm
Quoting kaspopsicle
K, first one to tell me what is going on here gets a virtual bottle of Rum {image}

Quasimodo
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,827
  • Jun 17, 2013 10:23pm Jun 17, 2013 10:23pm
Quoting kaspopsicle
and this one gets a bottle of CC {image}

S/R flip
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,828
  • Jun 17, 2013 10:27pm Jun 17, 2013 10:27pm
Nailed this POS. Goal was to get 2/3 off @ 1:1.5 before news came into play. That worked then the rest at about 50 pips.

Simple s/d no fancy stuff. To quote Red......"BOOM"


Attached Image (click to enlarge)
Click to Enlarge Name: 6.17 au short.png Size: 42 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,829
  • Jun 17, 2013 10:29pm Jun 17, 2013 10:29pm
Quoting kaspopsicle
aha..no trades on them !!! That is because my positions are flat....a position nonetheless....

Flat is often times the position of choice for traders and nontraders alike.........
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,830
  • Jun 18, 2013 12:09am Jun 18, 2013 12:09am
The base you pointed is not a good base to short, why?

2 reasons:
1. We are too low already, you want to sell after a big drop in price
2. Even if there had not been such a big drop in price, the level does not provide you with a 3:1 profit margin. That is, from my risk (width of level + spread + wiggle room) to the place where price started to rally.

If I don't have a minimum of 3:1, I won't take a level.

Quoting astock
@ alfonso - many thanks for making the videos - the things become more clear for me what about the base i marked on your screnshot ? {image}
Set and Forget supply and demand trading community
  • #28,831
  • Jun 18, 2013 10:31am Jun 18, 2013 10:31am
Thank you Rufus .... someome round here gets my sense ( ? ) of humour
All systems of divination, like music itself,work through patterns.
  • #28,832
  • Jun 18, 2013 10:35am Jun 18, 2013 10:35am
Quoting Rufus
Nailed this POS. Goal was to get 2/3 off @ 1:1.5 before news came into play. That worked then the rest at about 50 pips. Simple s/d no fancy stuff. To quote Red......"BOOM" {image}

Or ka boom.... .exactly same hymn sheet.

Sheets ...ah ffs
All systems of divination, like music itself,work through patterns.
  • #28,833
  • Jun 18, 2013 10:39am Jun 18, 2013 10:39am
Quoting Rufus
{quote} Quasimodo
Ahhh Rufus !!!
Attached Image
All systems of divination, like music itself,work through patterns.
  • #28,834
  • Jun 18, 2013 10:59am Jun 18, 2013 10:59am
Quoting Rufus
{quote} S/R flip
You are a Star ! Thank you. X
Attached Image
All systems of divination, like music itself,work through patterns.
  • #28,835
  • Jun 18, 2013 11:51am Jun 18, 2013 11:51am
Quoting kaspopsicle
{quote} You are a Star ! Thank you. X {image}
Thank you. I will savor every virtual drop
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,836
  • Jun 18, 2013 12:56pm Jun 18, 2013 12:56pm
Quoting Rufus
{quote} Thank you. I will savor every virtual drop

Mee tooooooooo !!!

Ermmmm...............................

I will be posting a similar quiz once a week for similar reward

but only when i'm stuck
All systems of divination, like music itself,work through patterns.
  • #28,837
  • Edited 11:35am Jun 19, 2013 11:24am | Edited 11:35am
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Hmmmm....Waiting is a virtue
All systems of divination, like music itself,work through patterns.
  • #28,838
  • Edited 11:47am Jun 19, 2013 11:36am | Edited 11:47am
start fade cable,,,,and fade
Attached Image
All systems of divination, like music itself,work through patterns.
  • #28,839
  • Jun 19, 2013 11:37am Jun 19, 2013 11:37am
Quoting kaspopsicle
start fade cable

Ben is talking...so It could go anywhere!
  • #28,840
  • Jun 19, 2013 11:52am Jun 19, 2013 11:52am
Quoting kaspopsicle
start fade cable,,,,and fade {image}
Kind of risky right now...since he is still talking...to be trying to catch the falling knife
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