hi KeroroOoOo, thanks for the thread. this is my first trade for the week -GJ long charts are 4h/15m/1m. 4h {image} 15m {image} 1m {image}
. 
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #541
- Jan 20, 2014 12:06am Jan 20, 2014 12:06am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
. {quote} hey kancha, I was looking at GJ earlier, but didn't take it because of the bear pole. You entered at a good price
this is what i was thinking about the bear pole you mentioned.
and yes, i like the level to go long you described in your chart , it's safer.
- #543
- Jan 20, 2014 1:06am Jan 20, 2014 1:06am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} thanks for the comment, keroro. this is what i was thinking about the bear pole you mentioned. {image} and yes, i like the level to go long you described in your chart , it's safer.
nothing to add there.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #544
- Jan 20, 2014 9:00am Jan 20, 2014 9:00am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
starting the week trading: AU: {image} {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #547
- Edited 1:49pm Jan 20, 2014 11:23am | Edited 1:49pm
- | Joined Aug 2008 | Status: Trader | 61 Posts
{quote} what do guys think on GU? http://i43.tinypic.com/2r44uat.jpg
charts are 4h/30m
4h
on my feed , i see strong bullish candle(@vertical yellow line)
&30m
i dont know which direction this pair goes but i rather want to look for buy in the situation like this.
P.S.
please correct me if i do something wrong or overlook something. thanks in advance.
- #548
- Jan 20, 2014 6:26pm Jan 20, 2014 6:26pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} hi gembel , I m not Chao though, this is my view. charts are 4h/30m 4h on my feed , i see strong bullish candle(@vertical yellow line) {image} &30m {image} i dont know which direction this pair goes but i rather want to look for buy in the situation like this. P.S. please correct me if i do something wrong or overlook something. thanks in advance.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #549
- Jan 20, 2014 11:36pm Jan 20, 2014 11:36pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} thanks for my head up, Chao. i will pay more attention to DX. i think DX is now approaching to an interesting level. daily/1h charts. daily {image} 1h {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #552
- Jan 21, 2014 3:19am Jan 21, 2014 3:19am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Glad to see my pals doing well here. Will post my update soon. P.S watch usdx ,if it closes above 81.46,a great resistance point,we may see further upmove (aka more down move for euro/usd) Watch everywhere guys Take care, Tim
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #553
- Jan 21, 2014 4:27am Jan 21, 2014 4:27am
EA is on my watchlist:
1. buy at the engulfed suppy for a move up to the bulltrap
2. sell the pullback to the bulltrap
Well I missed part 1 of my plan because of the simple reason that I was still
so now looking for oppertunities to execute part 2 of my plan
1. buy at the engulfed suppy for a move up to the bulltrap
2. sell the pullback to the bulltrap
Well I missed part 1 of my plan because of the simple reason that I was still
so now looking for oppertunities to execute part 2 of my plan
Pipcrawler
- #554
- Jan 21, 2014 6:42am Jan 21, 2014 6:42am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} AU update: {image}
*xmzhang, it was a similar story here, missed the short coz was working.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #555
- Jan 21, 2014 7:32am Jan 21, 2014 7:32am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
nu:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #556
- Jan 21, 2014 7:56am Jan 21, 2014 7:56am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
eu:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #557
- Jan 21, 2014 8:02am Jan 21, 2014 8:02am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
eu: {image} {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #558
- Jan 21, 2014 8:24am Jan 21, 2014 8:24am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
nu: {image} {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #559
- Jan 21, 2014 10:59am Jan 21, 2014 10:59am
Hi there,
Although this is a trading journal, hope you won't mind me asking a few questions regarding s&d zones that I get confused about.
In this chart, if the prices reach the blue supply zone and retraces to the demand zone marked A, how would you consider playing the used and broken pink supply zone?
Lets say price surged away from a demand zone, then came back to it, maybe had a little consolidation or a small initial reaction and then shot up, forming a demand zone on top of the old demand zone. Something similar like in the picture below, although it was not the best example.
Would you consider this as a new demand or discard it, being the part of the lower bigger demand?
Thanks.
Although this is a trading journal, hope you won't mind me asking a few questions regarding s&d zones that I get confused about.
In this chart, if the prices reach the blue supply zone and retraces to the demand zone marked A, how would you consider playing the used and broken pink supply zone?
Lets say price surged away from a demand zone, then came back to it, maybe had a little consolidation or a small initial reaction and then shot up, forming a demand zone on top of the old demand zone. Something similar like in the picture below, although it was not the best example.
Would you consider this as a new demand or discard it, being the part of the lower bigger demand?
Thanks.
- #560
- Jan 21, 2014 6:30pm Jan 21, 2014 6:30pm
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Hi there, Although this is a trading journal, hope you won't mind me asking a few questions regarding s&d zones that I get confused about. In this chart, if the prices reach the blue supply zone and retraces to the demand zone marked A, how would you consider playing the used and broken pink supply zone? {image} Lets say price surged away from a demand zone, then came back to it, maybe had a little consolidation or a small initial reaction and then shot up, forming a demand zone on top of the old demand zone. Something similar like in the picture...
short answer is, yes I consider it demand. I don't merely trade supply/demand alone, there're plenty of other factors, like momentum, price patterns, opposing zones, etc.
Just take your time to go thru with the thread, and understand the essence of SD+PA trading. no rush
Knowing is not enough; we must apply. Willing is not enough; we must do.