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Price is everything

Quoting marc2014
{quote} FYI {image}
Well if it's a demo account then fair enough.
Quoting marc2014
This happens sometimes in life. 2000+ Pips in an hour on USDCHF and 500+ pips bounce from demand zone. All we need in SD trading. I was waiting for price to hit upper supply as pending order was there. {image}
There was a nice QM entry , strong MM bearpole and a weak MM flag retrace followed by liquidity spike into QM supply, I only caught 81 pips, I already had my target preset due to the fact that I was at work
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Pipcrawler
Quoting xmzhang
{quote} There was a nice QM entry , strong MM bearpole and a weak MM flag retrace followed by liquidity spike into QM supply, I only caught 81 pips, I already had my target preset due to the fact that I was at work {image} {image}
Yeah, It was a perfect QM Entry. Many green pips ahead.
Quoting marc2014
USDJPY {image}
Update, leaving it run. Happy Weekend.
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Xmzhang, I agree with your trade entry, I saw the same... But the spread was way more than 400 pips at that time, so I wonder where was your SL..? If u used any...

I HAD an account with Alpari UK so I will have some time to study now, coz dont know if I get my money back...
Live it or leave it!
  • #29,446
  • Quote
  • Edited Jan 18, 2015 1:53pm Jan 17, 2015 5:38pm | Edited Jan 18, 2015 1:53pm
Quoting Slurpee
Xmzhang, I agree with your trade entry, I saw the same... But the spread was way more than 400 pips at that time, so I wonder where was your SL..? If u used any... I HAD an account with Alpari UK so I will have some time to study now, coz dont know if I get my money back...

This is what I'm trying to get at. Lets say you were risking 1% of your account on that trade, whether you were long or short, (stop loss doesn't matter because the broker would not have been able to offer the other side of your trade) - you would have taken some serious damage to your account if not a margin call and huge debt to your broker due to either the massive spread or the massive slippage. Demo accounts will not have suffered because it they don't have to suffer the realities of orderflow, but live accounts on the other hand have taken a serious beating. Showing these moves on demo and implying that you can be rich in one trade with a capped risk is fairytale, and the truth is that this sort of trade taken on a live account around such huge impact news holds the possibility to ruin somebodies life.
H4 supply. Price has consumed some supply in this strong supply area so will wait for price to go higher and hit fresher supply.

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The red hashed horizontal is where I will consider sell

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Getting closer to sell area. But notice buyers still buying. Need to engulf (overpower) buyers before sell. FYI, IMHO.

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Price engulfed south with 3 drive. Half off. Rest at BE.

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Nice chart. Nice trade.
Wyckoff VSA: Always FIBbing, but never lying.
Quoting HiddenGap
Nice chart. Nice trade.
Thanks HG. Nice to hear from you.
Quoting Winston Reed
Price engulfed south with 3 drive. Half off. Rest at BE. {image}
Holding Yen short with you. Right now a confused mess on the charts. Target just above 118.00
Illegitimi non carborundum - Noli pati a scelestis opprimi.
M1 scalp

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  • #29,454
  • Quote
  • Edited 8:54pm Jan 20, 2015 8:52pm | Edited 8:54pm
Great Minds think alike!

Here is some thoughts on h4 UJ... also CADJPY...In NZDJPY for over +100 at the moment... holding for swing position possibly. By using larger timeframe fibs on intraday charts... you can find some huge trading opportunities. I may make a thread about this in the future.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
Hey Eagle. How are you my friend!
  • #29,456
  • Quote
  • Edited 9:21pm Jan 20, 2015 9:11pm | Edited 9:21pm
Quoting Winston Reed
Hey Eagle. How are you my friend!
Doing great Winston, and thank you. I am glad to see you are making some pips!
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
USDJPY doing great after forming engulf in supply zone (4hr).
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NZDUSD
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Engulf! Half off. Rest at BE.

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Quoting marc2014
NZDUSD {image}
To answer the question on your chart.

Comes down to your trading plan as to whether or not you take a position there. Some traders play retests. It also depends on what time frame you take your entry. So a lot of variables for an answer to your question.

I see now that it moved 87 pips. To my style of trading it was a beauty. If a trader waited for a 4h confirming candle probably not so much.

Hope that helps a little
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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