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pablo101
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Postby pablo101 » Sun Nov 08, 2009 1:25 pm

PTG wrote:It all seems pretty simple. But why then do so few traders and investors enter properly into demand and supply areas? The answer is simple: human emotion. The fear of a potential break of a demand level is stronger than the benefit a low-risk entry at a demand or supply area offers. But traders need to remember that opportunity always lies where the majority is afraid to go.

- Sam Seiden.


Sums it all up for me. I'm always scared of a break of an area :(
What line? The line that tells you which way you are trading! - MO

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noushina
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Postby noushina » Sun Nov 08, 2009 2:07 pm

pablo101 wrote:
PTG wrote:Why I didn't take this trade ? No idea. Not very smart. :-& :smt017 :smt089

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.
Image
'Houston, we have a problem..' ](*,) :smt013 :smt021

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.
ImageImage

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.
Image

frang0nve
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Postby frang0nve » Sun Nov 08, 2009 3:19 pm

Noushina,

If you plan to trade the open tonight, you can check in advance the oanda website showing preopening prices as they allow 24h/7d trading:

http://fxtrade.oanda.com/



Cheers

Francisco

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pablo101
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Postby pablo101 » Mon Nov 09, 2009 5:40 am

...
Last edited by pablo101 on Tue May 04, 2010 11:22 am, edited 1 time in total.

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Postby pablo101 » Mon Nov 09, 2009 5:46 am

noushina wrote:
pablo101 wrote:
PTG wrote:Why I didn't take this trade ? No idea. Not very smart. :-& :smt017 :smt089

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.
Image
'Houston, we have a problem..' ](*,) :smt013 :smt021

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.
ImageImage

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.
Image


Aussie looks good for a fall.
What line? The line that tells you which way you are trading! - MO

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***FX-JEDI***
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Postby ***FX-JEDI*** » Mon Nov 09, 2009 10:54 am

pablo101 wrote:
noushina wrote:
pablo101 wrote:
PTG wrote:Why I didn't take this trade ? No idea. Not very smart. :-& :smt017 :smt089

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.
Image
'Houston, we have a problem..' ](*,) :smt013 :smt021

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.
ImageImage

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.
Image


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.....

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***FX-JEDI***
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Postby ***FX-JEDI*** » Mon Nov 09, 2009 10:54 am

My last few trades,

170 pips
& now still in & currently up 315 pips... :shock:
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Its better to be out of the market wishing you were in,

then being in the market wishing you were out.....

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PTG
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Postby PTG » Mon Nov 09, 2009 11:26 am

Fantastic stuff FX-JEDI !!

Money for nothing :D :smt003
If only those chicks were for free.. :smt035
This is my new signature: "new signature".

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pablo101
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Postby pablo101 » Mon Nov 09, 2009 12:41 pm

***FX-JEDI*** wrote:My last few trades,

170 pips
& now still in & currently up 315 pips... :shock:


lol, shows what I know :roll:
Last edited by pablo101 on Tue May 04, 2010 11:23 am, edited 1 time in total.

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es/pip
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Postby es/pip » Mon Nov 09, 2009 1:03 pm

***FX-JEDI*** wrote:My last few trades,

170 pips
& now still in & currently up 315 pips... :shock:



nice :D
Bend over and assume the position for another 4 years of hope and change.

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