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- Ender2492 replied May 25, 2012
This is what I see: Price is in a downward channel, but most recently made a higher low (at the last swing point) and was able to break through the .9300 level. After breaking through .9400, we saw multiple bar highs followed by multiple bar lows ...
- Ender2492 replied May 25, 2012
So you're not a real trader, but you're trading an account with real money? Sorry, I'm just a little confused here so a little clarification might be necessary. And by the way, I really do not like or appreciate the fact that you're attacking people ...
- Ender2492 replied May 22, 2012
Confluence Area — Price has been playing Tom Petty for quite some time now. If anything is going to cause a bump in the road, it's going to be this .7500 level which price is currently trading at. I see one of three things happening (two of ...
- Ender2492 replied May 14, 2012
I just wanted to highlight the fact that Mike was consciously taking this trade for a specific purpose, which was because the conditions were hinting at a move out of consolidation. It is very important to always have and not lose sight of your ...
- Ender2492 replied May 11, 2012
Just speculating on your entry since everyone seems to be curious. This pair is in a pretty tight box right now. When analyzing boxed formations such as this one, Mike has made the valid point that the midpoint of the box is often a minor PPZ. ...
- Ender2492 replied May 8, 2012
HCR/LCS Levels — This question is for anyone with a thorough understanding of HCR and LCS levels. I have attached a weekly chart with two ellipses designating a HCR and a LCS level (two lines each because of those damn gaps). These levels were ...
- Ender2492 replied May 8, 2012
This is invaluable information, as it is very simple to plot every 500 pips on most major pairs and consequently come up with extremely accurate price pivot zones. It is worth noting that it has been my personal experience with some of the pairs ...
- Ender2492 replied May 8, 2012
Big round number. They are often psychological turning points reflected by price.
- Ender2492 replied May 4, 2012
EUR/AUD — I know that this isn't a textbook pinbar, but it does represent a firm rejection from the major PPZ. Could this mean that we're headed back to the midpoint of this box? (Second picture specifically for Mike- We're in a box!) Ender
- Ender2492 replied May 1, 2012
Just curious Mike, Which brokers offer a bar close at 5:00 pm EST? Thanks, Ender
- Ender2492 replied Apr 21, 2012
EUR/NZD — While still range bound, Eur/Nzd could be heading towards the lower side of the box. Thoughts? Ender
- Ender2492 replied Apr 16, 2012
This is an excellent explanation of when a supply or demand level becomes invalid. Once a solid green or red candle breaks through and closes above or below the tested level, it is invalid. This is because all orders that were left at that level ...
- Ender2492 replied Apr 14, 2012
Thanks for the information, very helpful! What criteria do you look for when identifying a supply and demand zone? What makes a supply and demand zone better or worse than another S & D zone? When does a S & D zone become invalid? Thanks.
- Ender2492 replied Apr 13, 2012
Screening trades.. — Just a quick question for anyone who is willing to answer.. When you are scanning charts looking at 1h, 4h, daily, weekly, etc. do you already have the levels/ PPZ drawn in or are you looking for price action first and ...
- Ender2492 replied Feb 20, 2012
Because of the gap, I feel as if a retracement back to the S/R zone (filling the gap) would be an optimal entry. With the gap being filled and the support holding, I would look for PA or some other sign of confluence before entering. This is only my ...
- Ender2492 replied Feb 12, 2012
Anup, Your unique MM methods keep me on the edge of my seat. It's more thrilling than an action movie! Trade explorer makes these journals so much more real. Keep it up.
- Ender2492 replied Feb 10, 2012
How am I supposed to be able to catch price action if my charts don't show the same thing? Looks like a perfect trade through your charts though..
- Ender2492 replied Feb 7, 2012
I've read about 25 pages into this thread and really love it. This is some of the more raw and real material I've come across. Absolute gold, thank you very much for sharing. I'm not taking any trades based off of this trading style, but I would ...
- Ender2492 replied Feb 6, 2012
Although price did break lower around 4 a.m. EST, thus invalidating the setup, we do see that price ended up forming a nice "1-2-3" which ended up stalling out right at my TP I had for the initial setup. I did not take the trade around 2 a.m. EST ...
- Ender2492 replied Feb 6, 2012
Looking at that setup from more of a "big picture" perspective, you'll see that the market was testing a pretty key level of resistance. It'll be interesting to see if/when the market comes back to retest these levels. The black arrows denote areas ...