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PTG
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Postby PTG » Wed Nov 11, 2009 11:23 am

Good stuff, pablo101 !

Where does your weekly demand originate from ?

The first zones on W1 that haven't been revited as I see them are
Supply: 1.7040-1.7310
Demand: 1.5060-1.5347 or even 1.4650-1.4842
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Postby pablo101 » Wed Nov 11, 2009 2:14 pm

PTG wrote:Good stuff, pablo101 !

Where does your weekly demand originate from ?

The first zones on W1 that haven't been revited as I see them are
Supply: 1.7040-1.7310
Demand: 1.5060-1.5347 or even 1.4650-1.4842


Hi PTG,

I have a turn point on week starting from 2nd Aug. The area I marked is between 1.67207 to 1.67115.

I see this area as supply because the market significantly dropped away the following week, which I interpreted as more sellers than buyers.

Then today when the market was above this area, I saw the area as a support (demand) area and so my long trade.

I'm worried now, am I not looking at this correctly? :roll:
What line? The line that tells you which way you are trading! - MO

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Postby PTG » Wed Nov 11, 2009 4:50 pm

pablo101 wrote:
PTG wrote:Good stuff, pablo101 !

Where does your weekly demand originate from ?

The first zones on W1 that haven't been revited as I see them are
Supply: 1.7040-1.7310
Demand: 1.5060-1.5347 or even 1.4650-1.4842


Hi PTG,

I have a turn point on week starting from 2nd Aug. The area I marked is between 1.67207 to 1.67115.

I see this area as supply because the market significantly dropped away the following week, which I interpreted as more sellers than buyers.

Then today when the market was above this area, I saw the area as a support (demand) area and so my long trade.

I'm worried now, am I not looking at this correctly? :roll:


Don't know, can't check right now. I was just wondering, it might be me who's looking at the wrong area.. :lol:

Will check later today !
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PTG
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Postby PTG » Wed Nov 11, 2009 8:28 pm

pablo101 wrote:
PTG wrote:Good stuff, pablo101 !

Where does your weekly demand originate from ?

The first zones on W1 that haven't been revited as I see them are
Supply: 1.7040-1.7310
Demand: 1.5060-1.5347 or even 1.4650-1.4842


Hi PTG,

I have a turn point on week starting from 2nd Aug. The area I marked is between 1.67207 to 1.67115.

I see this area as supply because the market significantly dropped away the following week, which I interpreted as more sellers than buyers.

Then today when the market was above this area, I saw the area as a support (demand) area and so my long trade.

I'm worried now, am I not looking at this correctly? :roll:


Ah, now I see, Pablo101 !

I haven't marked it. If I would have put a zone there it would have been from 1.6534 to 1.6714 (give or take), or rather from 1.6200-ish to 1.6714. It has been bouncing up and down in that area since early June.

From the W1 and D1 perspective your trade looks like a breakout trade (to the upside) which is not high prob/low risk. Waiting for a retrace on W1 or D1 would have been.

I had marked another area from 1.6934 to 1.6989 to be the next zone on D1 that hasn't been revisited.

I think that you want to find those areas in places where a) you can collect as many bodies as possible, b) where momentum ends and turns around.

Having said that, I suppose that everyone has different views. Let me know what you think !
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Postby TheRumpledOne » Wed Nov 11, 2009 9:50 pm

THIS IS WAY TOO FUNNY!!


http://www.rattraders.com/
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby Brookmyre » Wed Nov 11, 2009 10:55 pm

TheRumpledOne wrote:THIS IS WAY TOO FUNNY!!


http://www.rattraders.com/
:smt082

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Postby cfabian » Thu Nov 12, 2009 3:42 am

What is your criteria to move your stops to BE?

Last 2 weeks Ive done this when over 20 in profit, and that made me lost on my overall trading as many times they got hit.


pablo101 wrote:Had a few losses before this one. I've no idea why Mondays are always a challenge for me, possibly because just getting my head around trading after a weekend

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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Postby es/pip » Thu Nov 12, 2009 3:46 am

cfabian wrote:What is your criteria to move your stops to BE?

Last 2 weeks Ive done this when over 20 in profit, and that made me lost on my overall trading as many times they got hit.


pablo101 wrote:Had a few losses before this one. I've no idea why Mondays are always a challenge for me, possibly because just getting my head around trading after a weekend

Image


"either take a profit or take a loss" --MightyOne
Bend over and assume the position for another 4 years of hope and change.

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Postby cfabian » Thu Nov 12, 2009 4:16 am

Is this your academy?????

You have scholarships available?


TheRumpledOne wrote:THIS IS WAY TOO FUNNY!!


http://www.rattraders.com/
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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pablo101
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Postby pablo101 » Thu Nov 12, 2009 7:04 am

PTG wrote:
pablo101 wrote:
PTG wrote:Good stuff, pablo101 !

Where does your weekly demand originate from ?

The first zones on W1 that haven't been revited as I see them are
Supply: 1.7040-1.7310
Demand: 1.5060-1.5347 or even 1.4650-1.4842


Hi PTG,

I have a turn point on week starting from 2nd Aug. The area I marked is between 1.67207 to 1.67115.

I see this area as supply because the market significantly dropped away the following week, which I interpreted as more sellers than buyers.

Then today when the market was above this area, I saw the area as a support (demand) area and so my long trade.

I'm worried now, am I not looking at this correctly? :roll:


Ah, now I see, Pablo101 !

I haven't marked it. If I would have put a zone there it would have been from 1.6534 to 1.6714 (give or take), or rather from 1.6200-ish to 1.6714. It has been bouncing up and down in that area since early June.

From the W1 and D1 perspective your trade looks like a breakout trade (to the upside) which is not high prob/low risk. Waiting for a retrace on W1 or D1 would have been.

I had marked another area from 1.6934 to 1.6989 to be the next zone on D1 that hasn't been revisited.

I think that you want to find those areas in places where a) you can collect as many bodies as possible, b) where momentum ends and turns around.

Having said that, I suppose that everyone has different views. Let me know what you think !


Thanks PTG, this helps a lot. I do see why you mark up those congestion areas and it's wise to pay attention for future reference.

If I haven't said it before, thank you now and always :)
Last edited by pablo101 on Tue May 04, 2010 11:27 am, edited 1 time in total.

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