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  • #3,741
  • Jul 12, 2012 5:40am Jul 12, 2012 5:40am
Quoting Ifmyante
Anybody want to analyse EJ?
Ill have a go at it..

We reached monthly demand but its not "true" demand, you can see by the reaction, the sellers are a bit lower, clearly seen in the weekly.

On the weekly you can see where the "true" demand is, so imho we should be shorting till we reach that level on the weekly.

Os.
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Trade Smart
  • #3,742
  • Jul 12, 2012 5:40am Jul 12, 2012 5:40am
Quoting Tyoon
However, if 2212 breaks..

Still giving this a go on demo. Realized this is no longer really SD trading any more so I will leave it alone here.

..
Hey Tyoon,

You're using the purest form of supply and demand analysis to identify the path of least resistance.... it's pretty SD trading in my books.....
  • #3,743
  • Jul 12, 2012 5:41am Jul 12, 2012 5:41am
Looking for a bounce of 1.2167 (previous support) and 1.2140 - 1.2146 decision point.
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  • #3,744
  • Jul 12, 2012 5:43am Jul 12, 2012 5:43am
Compression above demand - check
liquidity into demand - check
engulf -
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  • #3,745
  • Jul 12, 2012 5:47am Jul 12, 2012 5:47am
Quoting Ifmyante
Anybody want to analyse EJ?
There you go...
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Sniffing Snake's Tracks...
  • #3,746
  • Jul 12, 2012 5:51am Jul 12, 2012 5:51am
Quoting MitchWorse
Compression above demand - check
liquidity into demand - check
engulf -
DO check there is a gap in H1 where the demand zone is... Magnet of human nature to close this gap..Seen in H1

Im looking more to a Compression to demand in Daily instead...Previous Daily compression last for 6 days...
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  • #3,747
  • Jul 12, 2012 5:51am Jul 12, 2012 5:51am
anybody scalping the AUD? my gut tells me it ain't gonna do it though...
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  • #3,748
  • Jul 12, 2012 5:57am Jul 12, 2012 5:57am
Quoting hometrading
Looking for a bounce of 1.2167 (previous support) and 1.2140 - 1.2146 decision point.
Mitch prompted me to check H4 and 1.2150 looks like H4 PPZ, definetely an area worth watching
  • #3,749
  • Jul 12, 2012 6:00am Jul 12, 2012 6:00am
Quoting Variance
anybody scalping the AUD? my gut tells me it ain't gonna do it though...
was thinking about it, but my gut is with you
  • #3,750
  • Jul 12, 2012 6:06am Jul 12, 2012 6:06am
Quoting Ifmyante
Anybody want to analyse EJ?
I was anticipating a bounce at previous 1H-QM pricelevel, it hit that level to the pip but the bounce was just a tiny one
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Pipcrawler
  • #3,751
  • Jul 12, 2012 6:10am Jul 12, 2012 6:10am
Quoting Variance
anybody scalping the AUD? my gut tells me it ain't gonna do it though...
my gut also tells me to exit a trade before it reverses and then runs 400 pips in my direction after i exit.

trade what you see with proper MM
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  • #3,752
  • Jul 12, 2012 6:10am Jul 12, 2012 6:10am
Quoting hometrading
was thinking about it, but my gut is with you
Looks a bit more promising now.... but i still almost never touch flip zones after i went through the Seidenite transition LOL

Even though engulfing/pb/bar confirmation around PPZ's used to be my CORE strategy

(time for me to re-invent myself again)
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  • #3,753
  • Jul 12, 2012 6:12am Jul 12, 2012 6:12am
Quoting hometrading
Mitch prompted me to check H4 and 1.2150 looks like H4 PPZ, definetely an area worth watching
Definitely. 2166-2165 is a good level to watch also.
  • #3,754
  • Jul 12, 2012 6:13am Jul 12, 2012 6:13am
Quoting Sohail786
my gut also tells me to exit a trade before it reverses and then runs 400 pips in my direction after i exit.

trade what you see with proper MM
LOL!!! NICE
  • #3,755
  • Jul 12, 2012 6:15am Jul 12, 2012 6:15am
Quoting MitchWorse
Compression above demand - check
liquidity into demand - check
engulf -
Yup, same charth for me.
Watching this zone right now, we have talked about it last day whit pedini...but it's just for educational, don't have enough data to see in ltf.
it's a fight against a biiig momentum anyway, could easly go trought it to the source of the demand.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #3,756
  • Jul 12, 2012 6:20am Jul 12, 2012 6:20am
Quoting Tyoon
Definitely. 2166-2165 is a good level to watch also.
This is better than any hollywood blockbuster.
  • #3,757
  • Jul 12, 2012 6:28am Jul 12, 2012 6:28am
Quoting Variance
anybody scalping the AUD? my gut tells me it ain't gonna do it though...
Keep an eye on Loonie along with this - should help.
  • #3,758
  • Jul 12, 2012 6:31am Jul 12, 2012 6:31am
USDx approaching very interesting little zone on daily at 83.93 and H4 at 84.21. Could be a lot of fun. Any news coming up to make us believe it is all about fundies?
Hello.
  • #3,759
  • Jul 12, 2012 6:33am Jul 12, 2012 6:33am
Quoting Ifmyante
Keep an eye on Loonie along with this - should help.
Yes, Loonie just closed above a major PPZ and is heading for intermediate supply along a daily flagpole, bearflag could complete there, when it hits supply we may see price consolidate between these levels
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Pipcrawler
  • #3,760
  • Jul 12, 2012 6:35am Jul 12, 2012 6:35am
Quoting Ifmyante
Anybody want to analyse EJ?
the point that i was watchin ysterday has reacted so well, price wonna go low.
my chart
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Sometime the horizon disappear. Twitter: @_whiteout
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