Price is everything | Page 1473 | Forex Factory

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Price is everything

  • #29,441
  • Jan 16, 2015 9:22am Jan 16, 2015 9:22am
Quoting marc2014
{quote} FYI {image}
Well if it's a demo account then fair enough.
  • #29,442
  • Jan 16, 2015 9:34am Jan 16, 2015 9:34am
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
  • #29,443
  • Jan 16, 2015 9:44am Jan 16, 2015 9:44am
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.
  • #29,444
  • Jan 16, 2015 9:46am Jan 16, 2015 9:46am
Quoting marc2014
USDJPY {image}
Update, leaving it run. Happy Weekend.
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  • #29,445
  • Jan 17, 2015 3:17pm Jan 17, 2015 3:17pm
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
  • Edited Jan 18, 2015 12:53pm Jan 17, 2015 4:38pm | Edited Jan 18, 2015 12:53pm
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.
  • #29,447
  • Jan 19, 2015 7:04pm Jan 19, 2015 7:04pm
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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  • #29,448
  • Jan 19, 2015 9:03pm Jan 19, 2015 9:03pm
Getting closer to sell area. But notice buyers still buying. Need to engulf (overpower) buyers before sell. FYI, IMHO.

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  • #29,449
  • Jan 20, 2015 8:53am Jan 20, 2015 8:53am
Price engulfed south with 3 drive. Half off. Rest at BE.

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  • #29,450
  • Jan 20, 2015 9:07am Jan 20, 2015 9:07am
Nice chart. Nice trade.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #29,451
  • Jan 20, 2015 9:35am Jan 20, 2015 9:35am
Quoting HiddenGap
Nice chart. Nice trade.
Thanks HG. Nice to hear from you.
  • #29,452
  • Jan 20, 2015 9:56am Jan 20, 2015 9:56am
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.
  • #29,453
  • Jan 20, 2015 7:51pm Jan 20, 2015 7:51pm
M1 scalp

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  • #29,454
  • Edited 7:54pm Jan 20, 2015 7:52pm | Edited 7:54pm
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
  • #29,455
  • Jan 20, 2015 7:53pm Jan 20, 2015 7:53pm
Hey Eagle. How are you my friend!
  • #29,456
  • Edited 8:21pm Jan 20, 2015 8:11pm | Edited 8:21pm
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
  • #29,457
  • Jan 21, 2015 7:57am Jan 21, 2015 7:57am
USDJPY doing great after forming engulf in supply zone (4hr).
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  • #29,458
  • Jan 21, 2015 8:42am Jan 21, 2015 8:42am
NZDUSD
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  • #29,459
  • Jan 21, 2015 9:10am Jan 21, 2015 9:10am
Engulf! Half off. Rest at BE.

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  • #29,460
  • Jan 21, 2015 9:15am Jan 21, 2015 9:15am
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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