just kidding fib..
anyways here are couple of trades from manic friday...
before anybody asks.. on eu charts there is USDNOK line chart overlay.. beside 200 EMA.. nothing special.. overlay chart indi is available on this thread...
Close Price VS Median Price (or other price types) 33 replies
House price data price action 1 reply
Why closing price is not the same as opening price? 1 reply
Dislikedjust posted on your thread containing a word "added"
just kidding fib..
anyways here are couple of trades from manic friday...
Attachment
before anybody asks.. on eu charts there is USDNOK line chart overlay.. beside 200 EMA.. nothing special.. overlay chart indi is available on this thread...
AttachmentIgnored
DislikedI knew you would love the remix, its fantastic, excellent for aggressive scalping Btw you might enjoy this:
http://www.youtube.com/watch?v=ckrb4D6W65o#t=1m24sIgnored
DislikedKen mate,
this thread is going like EU and other threads, and I hate to see it happen.
RTP and PIE should be textbooks, pure and simple, with no noise whatsoever.
They are the two most important threads on trading that ever existed, and should, I believe, be kept pure.
I have already started the Price is Everything Chat Room, where we can all post whatever the hell we like, so there's no need for any noise here.
I'd like to make a very strong suggestion, if I may:
Please put...Ignored
Dislikeda big institution has been been building positions on the long side.. now they need to liquidate their positions but price turned against them.. where they exit?Ignored
DislikedNot easy to know without data about actual DD, entries and chart TF, and if the need to liquidate is urgent.
However:
Current price looks like it is nearing 38.2% retracement on previous swing high and could reverse from there.
There is also a previous ascending trend line which was broken and price made a new low, however price broke back up and is again approaching the TL from above.
If the need to liquidate is not an absolute urgency, I personally would wait for a retest and bounce from the TL, we also have some support below (around 50%...Ignored
Dislikeda big institution has been been building positions on the long side.. now they need to liquidate their positions but price turned against them.. where they exit?
obvious answer is to wait for the price to hit supply but what about if price continues dropping.. would they be waiting for the price hit their stop.. would they exit here.. or start praying.. or....Ignored
DislikedMy thought why zone1&2 are failed is because these zones have been visited multiple times especially zone 1-its risky to be regarded as a demand zone
about zone 3, PA has lots of lower wicks that help consume the demand orders, like a timber being chopped many times then gives way.....
one thing may be worth to draw attention is that Red's zone is around 20, EU sometimes use "sweet number" 00, 20, 50, 80 as barriers
my 2 pips
HomerIgnored
DislikedWe've been chopping away at the blue daily supply. If that gives we have some room between the fresh H4 supply and weekly supply.
I only have one more trading session for the month, Tuesday during NY, and I'll be carefully watching volume and PA, I'll try to post my thoughts after NY close regarding the volume/PA.Ignored
Dislikedjust posted on your thread containing a word "added"
just kidding fib..
anyways here are couple of trades from manic friday...
Attachment
before anybody asks.. on eu charts there is USDNOK line chart overlay.. beside 200 EMA.. nothing special.. overlay chart indi is available on this thread...
AttachmentIgnored
Dislikeda big institution has been been building positions on the long side.. now they need to liquidate their positions but price turned against them.. where they exit?
Attachment
obvious answer is to wait for the price to hit supply but what about if price continues dropping.. would they be waiting for the price hit their stop.. would they exit here.. or start praying.. or....Ignored
Disliked
What are you using to generate volume data there Frank? I take it that you're referring to broker tick data... edit: or are you using maybe futures volume?Ignored
DislikedYup tick volume is valid, but don't take our word for it. I know I didn't think it was valid for the longest time.
For H1 and down I like FXCM and IBFX tick volume feeds, I also like daily futures volume on /es, /6e, /dxIgnored
DislikedI think it works well as a complimentary confirmation, do you use it sub m15?Ignored
QuoteDislikedbtw I've not read the whole of this thread, so if I'm covering old ground or if you feel that these questions are not relevant then please just say...