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Price is everything

eur/usd chart.

4hr inverted hammer at demand.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 27 KB
I need to finish something i started
forget the spreads on these pairs, trade them between zones


don't let the spreads puts you off - thats what the broker wants to do because these pairs are highly tradable and follow dx ........
Quoting bigwal
eur/usd chart.

4hr inverted hammer at demand.


sold @ 1.40694
as red mentioned, we trade together the price action and our charts are somehow fitting even we dont trade completly same method we both take price as king , i am looking mostly for confluences on fib levels - turning points at 1.27, 1.618 extensions and harmonic patterns , and simple patterns like abcd and other... here some of the observations for potential setups next week where risk is defined, ...
these are not yet pinpoined entries but just something to keep in mind that could change the current situation on market

---

nzdusd - weekly close exactly at 127 extension, could take a pause here or correct a bit

aud usd - confluences of 161 and 261.8 extensions, also W3 or complete 5 waves up could be finished in this area

usd cad - the ab=cd should be finished around 0.9917 , but daily possibly points even lower to 9670 area,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 08-11-2010 00-06-49 nzd usd .jpg Size: 319 KB
Click to Enlarge Name: 08-11-2010 01-04-16 aud usd.png Size: 43 KB
Click to Enlarge Name: 08-11-2010 01-12-15 usd cad.png Size: 56 KB
Quoting redsword11
sold @ 1.40694

Attached Image (click to enlarge)
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Quoting redsword11
Attachment

FIRST FREE MONEY - scalped
both had some reactions already but would prefer shorts a bit higher as we are very close to daily 78.6 levels - eu @ 1.4440 , gu @ 6440 area , gu also in progress of making ending diagonal , alias wolfe wave , potential target for shorts yellow TL from here or from mentioned 1.6400 area , not mentioning the big abcd on daily EU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 08-11-2010 01-19-29 eur usd.png Size: 67 KB
Click to Enlarge Name: 08-11-2010 01-28-13 GU.png Size: 52 KB
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Red ,

I love your method , it makes absolute sense with supply and demand levels.

Now my quest is to get my head round it. Am i right in thinking higher t/f are more important levels than lower t/f.

I was looking at the 4hr, am i missing something ?

W
I need to finish something i started
Quoting bigwal
Red ,

I love your method , it makes absolute sense with supply and demand levels.

Now my quest is to get my head round it. Am i right in thinking higher t/f are more important levels than lower t/f.

I was looking at the 4hr, am i missing something ?

W


this is something which bothers me too ..... can't really express my thoughts in words here - but the question is - does higher tfs mean more respect for level ?
does a 15 min level fail as often as a 4hr - if so why?
and l don't want an answer regarding the size of a stop loss either - thats not the point or issue
or position size - thats not what l am asking
That was my thought.

With s&r levels which are similar, daily S&r is more powerful than 1hr. But the trend can effect these levels too. bullish market pulls back to support but crashes through res on its way up.

Hey im new to this method and you have had great success with this, it was just something i wanted to run by you.

It seems like your scalp was running right into a demand zone on 4hr.

But as we know it might not hold anyway.

W
I need to finish something i started
Welcome


Quoting jlako
as red mentioned, we trade together the price action and our charts are somehow fitting even we dont trade completly same method we both take price as king , i am looking mostly for confluences on fib levels - turning points at 1.27, 1.618 extensions and harmonic patterns , and simple patterns like abcd and other... here some of the observations for potential setups next week where risk is defined, ...
these are not yet pinpoined entries but just something to keep in mind that could change the current situation on market

---

nzdusd - weekly...
Annoying Precision
my thoughts are higher time frames, allow more time for orders to be placed at areas of interest. do traders look up the time frames to see what they might be trading into.
I need to finish something i started
Quoting bigwal
That was my thought.

With s&r levels which are similar, daily S&r is more powerful than 1hr. But the trend can effect these levels too. bullish market pulls back to support but crashes through res on its way up.

Hey im new to this method and you have had great success with this, it was just something i wanted to run by you.

It seems like your scalp was running right into a demand zone on 4hr.

But as we know it might not hold anyway.

W


so - does reliability increase with higher tfs in relative terms?



in terms of RR l mean
From what i have experienced yes.

Didnt see your R:R question........

risk and reward is increased on higher t/f
I need to finish something i started
Quoting jlako
as red mentioned, we trade together the price action and our charts are somehow fitting even we dont trade completly same method we both take price as king , i am looking mostly for confluences on fib levels...
Cau kukol som tvoj profil a vidim,ze si zo Slovenska,takze Ta vitam a nech sa dari.
FX
Quoting Fxfighter
Cau kukol som tvoj profil a vidim,ze si zo Slovenska,takze Ta vitam a nech sa dari.
FX


wtfx
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