DislikedIf you were presented this chart without any pa on the left what would you do; long or short?..Ignored
Otherwise you are just guessing as to whether the pin bar will be rejection or consumption.
Good Trading
Fozzy Chat Room 7 replies
DislikedIf you were presented this chart without any pa on the left what would you do; long or short?..Ignored
DislikedRed's teaching are to ignore wicks unless they form in areas of previous strong supply or demand. So regardless of your question the answer on this thread is to look to the left.
Otherwise you are just guessing as to whether the pin bar will be rejection or consumption.Ignored
DislikedI don't know about you but sometimes I get too involved with levels and zones that I forget to read the PA that is right in front of me. If you were presented this chart without any pa on the left what would you do; long or short?
I have my idea of what the candles are telling me... I'm curious to what you see.
..Ignored
Dislikedmy small understanding of momentum comes from this thread.
http://www.forexfactory.com/showthread.php?t=217281
i am looking forward for more answers.
guys i am thinking of opening a room for discussion on SD and PA...
i dont know, is it a good idea?Ignored
DislikedRed's teaching are to ignore wicks unless they form in areas of previous strong supply or demand. So regardless of your question the answer on this thread is to look to the left..Ignored
DislikedOtherwise you are just guessing as to whether the pin bar will be rejection or consumption.Ignored
DislikedHi,
my view on this chart:
1. strong north momentum
2. first rejection (also first trouble area for sellers)
3. hammer - sign of some weakness of buyers (also notice that rejection is on 2)
4. bulls still attacking but...
5. engulfed by bears - first sign for me to join down move, but not now
6. bulls another attempt - for me retest of engulfing and nice place to go short
7. hopefully no more buyers
8. close and wait for buy signalIgnored
DislikedThanks for the link to Trade Price's thread... I haven't read it yet, cheers
Are you thinking of opening a skype chat room? I think that's a good idea.
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Dislikednot a skype room, but a txt chat with a whiteboard to post charts, draw and discuss ideas.
we have it already on another system and its good.Ignored
Disliked
Here is my current view on EU 1h. We are seeing somewhat a compression.Ignored
DislikedWhat are you seeing on weekly to confirm this, just out of curiosity.
.Ignored
DislikedRed said, any pair, any tf. How can price rise without some form of bullish engulfing? How can price drop without some form of bearish engulfing? Of course we want to see this type of PA in a previously engulfed zone. Engulfing represents institutional orderflow.... only they have enough liquidity to create these engulfings. We just want to piggyback onto their moves.Ignored
DislikedLooking at some of the examples it looks like Red is using only the body of the candle, is this correct?
Also what do you mean with engulfing zone?Ignored
DislikedHi Tom, I won't explain it because it will not help you at this moment. Keep looking and reading red's charts. It will click and you will get it soon enough. It took me and a few other traders a while to finally get it. At first you're like.. wtf... but then you start to see it and it starts making sense.
Remember, it's not all about the candles... look at highs and low and what they take out. Engulfing may not just be a candle stick... it can be a series of them.. and you want to switch TFs to identify the pattern.Ignored
DislikedYo goldielocks. all that fundie trading wasn't for me. Remember when we were talking about EU's daily demand while Euro was having all that crap going on? Well, what happened? EU bounced hard from daily demand and I thought.... shit, Goldman was right.. So now I haven't looked back. Been studying SD since.Ignored
DislikedGood to hear that
Trading is actually quite easy if you know how to look at right things.Ignored
DislikedHave u longed GU? Looks like a good zone.
BTW mate, have you got any more of those videos? I am craving them. Haven't had anyone do discuss philosophy with recently while I am currently being a hermit.
..Ignored
DislikedDefinitely no, can't see no low risk trade right now, only taking the best ones now.
Just recently enjoyed some Feynman's videos, here's something:
http://www.youtube.com/watch?v=Dkv0KCR3Yiw&feature=channel_video_title
http://www.youtube.com/watch?v=v3pYRn5j7oI&feature=channel_video_titleIgnored
DislikedCheers GM, love Feynman. I love this video he is in. Science in a song.
http://www.youtube.com/watch?v=XGK84Poeynk&feature=relmfuIgnored