Never Lose Again
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pablo101
- rank: 500+ posts
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- Real name: Pete
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noushina wrote:pablo101 wrote:PTG wrote:Why I didn't take this trade ? No idea. Not very smart.
Nr. 1 was the first retrace to that supply zone (see 2nd picture below) I missed out on that one.
Nr. 2 was the 2nd one. I had noticed it, but decided to not invest 10 pips for a multiple of that because I thought it might go a bit higher through the the zone, which it didn't. I'm still shaking my head in disbelief.
'Houston, we have a problem..'](https://www.kreslik.com/forums/images/smilies/eusa_wall.gif "Brick wall")
Not only you
Me too. I bet we get a 3rd chance today.
Seiden calls it a Novice gap if they gap in direction of last bar.
And if they do, it's right into a zone of supply/resistance. GBP is there, and so is Aussie.
I probably wait to see if it gaps high and then sell.
If it gaps low, I probably set on my hands.
Edit. I didnt show the eur/usd, but it appears that it is in a a zone of demand (buy), whereas gbp/usd and aud/usd - as shown above) are at supply (sell).
So Then put them together and look at the cross pairs. Both eur/gbp and eur/aud are on long term demand zones - esp eur/gbp which goes back to mid sep.
Aussie looks good for a fall.
WAS A YALE STUDENT. Now? Let's see!
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***FX-JEDI***
- rank: 150+ posts
- Posts: 159
- Joined: Tue Jun 09, 2009 10:48 am
- Reputation: 10
- Location: Newcastle
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pablo101 wrote:noushina wrote:pablo101 wrote:PTG wrote:Why I didn't take this trade ? No idea. Not very smart.
Nr. 1 was the first retrace to that supply zone (see 2nd picture below) I missed out on that one.
Nr. 2 was the 2nd one. I had noticed it, but decided to not invest 10 pips for a multiple of that because I thought it might go a bit higher through the the zone, which it didn't. I'm still shaking my head in disbelief.
'Houston, we have a problem..'
Not only you
Me too. I bet we get a 3rd chance today.
Seiden calls it a Novice gap if they gap in direction of last bar.
And if they do, it's right into a zone of supply/resistance. GBP is there, and so is Aussie.
I probably wait to see if it gaps high and then sell.
If it gaps low, I probably set on my hands.
Edit. I didnt show the eur/usd, but it appears that it is in a a zone of demand (buy), whereas gbp/usd and aud/usd - as shown above) are at supply (sell).
So Then put them together and look at the cross pairs. Both eur/gbp and eur/aud are on long term demand zones - esp eur/gbp which goes back to mid sep.
Aussie looks good for a fall.
Really?? guess it depends on what timeframe you are trading
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....
then being in the market wishing you were out.....
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***FX-JEDI***
- rank: 150+ posts
- Posts: 159
- Joined: Tue Jun 09, 2009 10:48 am
- Reputation: 10
- Location: Newcastle
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My last few trades,
170 pips
& now still in & currently up 315 pips...
170 pips
& now still in & currently up 315 pips...
- Attachments
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- Screenshot - 9_11_2009 , 9_38_28 PM.png (79.91 KiB) Viewed 3991 times
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- Screenshot - 9_11_2009 , 8_00_35 PM.png (129.95 KiB) Viewed 3991 times
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- Screenshot - 2_11_2009 , 9_39_23 PM.png (187.92 KiB) Viewed 3991 times
Last edited by ***FX-JEDI*** on Tue Nov 10, 2009 3:43 am, edited 1 time in total.
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....
then being in the market wishing you were out.....
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traderzone
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