Price Will Tell - Supply/Demand Price Action Trading | Page 73 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Action + Demand & Supply Zone + Money Management 0 replies

Can anyone tell me how to pull a graph of my trading performance 2 replies

trading pivot points. how to tell if support/resistance will hold? 23 replies

CAN Somebody tell me what are the trading hours 4 replies

Tell me about different methods and issues of news trading 10 replies

Attachments: Price Will Tell - Supply/Demand Price Action Trading
Exit Attachments

Price Will Tell - Supply/Demand Price Action Trading

  • #1,441
  • Jun 27, 2017 7:31am Jun 27, 2017 7:31am
Quoting simond2002
From my perspective, with the addition of that tiny white line to the second image, and without the addition of a horizon, the aircraft is above me. I base that assertion on the fact that I see no other reference available (including my own co-ordinates in the "sky") telling me otherwise.
... and if you place the white line along the left edge of the other wing, the perspective will shift and you will view the plane as being below you and banking right...

Thus for trading, we have to figure out which lines are of relevance to our expected future price direction and then wait for price action to confirm our bias there...
  • #1,442
  • Jun 27, 2017 7:48am Jun 27, 2017 7:48am
Quoting Hanuman
{quote} ... and if you place the white line along the left edge of the other wing, the perspective will shift and you will view the plane as being below you and banking right... Thus for trading, we have to figure out which lines are of relevance to our expected future price direction and then wait for price action to confirm our bias there...
Exactly
  • #1,443
  • Jun 27, 2017 1:00pm Jun 27, 2017 1:00pm
Quoting simond2002
But... The answer can also be: I don't yet have enough information to answer the question...
wisdom
I like it
  • #1,444
  • Jun 28, 2017 2:36am Jun 28, 2017 2:36am
Quoting simond2002
the sell-off (if it comes) could be a monster. Will keep an eye on this pair on H4 TF.
Simplicity. Nothing will ever subvert a horizontal line, blue box and slice of common-sense.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 32 KB
  • #1,445
  • Jun 28, 2017 7:25am Jun 28, 2017 7:25am
Tell me you got in on it
  • #1,446
  • Jun 28, 2017 7:51am Jun 28, 2017 7:51am
Quoting rudy5
Tell me you got in on it
No I didn't. I completely forgot about that H4 setup due to the workload of being focused on a couple of M5 pairs.
  • #1,447
  • Jun 28, 2017 8:18am Jun 28, 2017 8:18am
Quoting simond2002
{quote} No I didn't. I completely forgot about that H4 setup due to the workload of being focused on a couple of M5 pairs.
Slightly off-topic but actually in reference to the above point; trying to delegate some of the responsibility of hunting for decent looking setups based on a common set of principles was the reason I started this thread - traders watching each others' backs etc.

It's been a long road but my belief in the practicalities of this process dwindled when I realised that the truth in the statement, "trading can't be taught it must be learned", became absolute. It never ceases to amaze me how human beings can look at the same thing but see something completely different. It's the fatal flaw in retail trading groups and threads. One only need skim the Interactive/Commercial guff to see that.

We don't need to talk about money and entries. The best we can do for each other is strive to share the core principles of PA. All the other stuff should be carried out where it makes most sense - in one's own reality. In that respect, trading is solipsistic.
  • #1,448
  • Jun 28, 2017 11:50am Jun 28, 2017 11:50am
Haha yup. Even with very rule based approaches there are so many variables to trading its easy to get multiple view points.

I'd been watching that USDCAD zone for months though. The bearish outside bar was a tell-tale sign
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
  • #1,449
  • Jun 28, 2017 12:33pm Jun 28, 2017 12:33pm
Quoting rudy5
Haha yup. Even with very rule based approaches there are so many variables to trading its easy to get multiple view points. I'd been watching that USDCAD zone for months though. The bearish outside bar was a tell-tale sign {image}
That bearish engulfing candle was a tell-tale sign, although when focusing on Daily and keeping the importance of SR in mind, this candle was key:

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 79 KB


I agree with your W1 assessment by the way. I'll be watching that area over the coming weeks too.

Question is, can we utilise this kind of PA on a low timeframe intraday basis? Check out AUDUSD M5 at the close of the last Asia session when (and where) supply set up. The retest was interesting
  • #1,450
  • Jun 28, 2017 1:08pm Jun 28, 2017 1:08pm
Quoting simond2002
Question is, can we utilise this kind of PA on a low timeframe intraday basis? Check out AUDUSD M5 at the close of the last Asia session when (and where) supply set up. The retest was interesting
Hell yeah definitely, I assume that was a rhetorical question. Part of my morning routine when I have time to trade is to go through my H4 and D1 zones and pick the best pairs to watch on M5. Because I assume that my zones will either work or they will really not work, which you can work with on M5

I looked at AU, very nice setup. Multiple short entries on the way down taking BOs
  • #1,451
  • Jun 28, 2017 1:09pm Jun 28, 2017 1:09pm
Quoting simond2002
{quote} Question is, can we utilise this kind of PA on a low timeframe intraday basis? Check out AUDUSD M5 at the close of the last Asia session when (and where) supply set up. The retest was interesting
Are you asking about this
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 64 KB


in this trade I close it at B/E

I have to rethink of my trade mangment
  • #1,452
  • Jun 29, 2017 1:54am Jun 29, 2017 1:54am
Quoting shs0404
{quote} Are you asking about this {image} in this trade I close it at B/E I have to rethink of my trade mangment
It wasn't that particular area of PA but I can understand why you were looking there.
  • #1,453
  • Jun 29, 2017 4:57am Jun 29, 2017 4:57am
all conditions applied
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 60 KB
  • #1,454
  • Jun 29, 2017 5:07am Jun 29, 2017 5:07am
Quoting shs0404
all conditions applied {image}

pin bar to buy
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 26 KB
  • #1,455
  • Jun 29, 2017 5:08am Jun 29, 2017 5:08am
Quoting shs0404
all conditions applied {image}
Good eyes, and agree - that PA could be quite interesting and is the current M5 "SD curve", in my opinion.
It's mid-range at the moment so we'll need to see how things develop. How are you finding working with the M5?

Attached Image (click to enlarge)
Click to Enlarge Name: UJ.jpg Size: 53 KB
  • #1,456
  • Jun 29, 2017 5:17am Jun 29, 2017 5:17am
Quoting shs0404
{quote} pin bar to buy {image}
Ah ok, you're already in.
  • #1,457
  • Jun 29, 2017 5:19am Jun 29, 2017 5:19am
Quoting simond2002
{quote} Good eyes, and agree - that PA could be quite interesting and is the current M5 "SD curve", in my opinion. It's mid-range at the moment so we'll need to see how things develop. How are you finding working with the M5? {image}
it is h4 low of supply

talking about m5
still I have problem with the ask and bid lines
  • #1,458
  • Jun 29, 2017 5:23am Jun 29, 2017 5:23am
Quoting shs0404
{quote} it is h4 low of supply talking about m5 still I have problem with the ask and bid lines
as you see
market moved north but the buy stop not yet activated
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 25 KB


I am upset
  • #1,459
  • Jun 29, 2017 5:29am Jun 29, 2017 5:29am
Quoting shs0404
{quote} as you see market moved north but the buy stop not yet activated {image} I am upset
Right, so it's a buy limit. OK.

No point getting upset. Remember, you're not trading to win money just yet. You're observing the charts in real-time in order to comprehend what you're looking at.

Just watch and learn.
  • #1,460
  • Jun 29, 2017 5:34am Jun 29, 2017 5:34am
Quoting simond2002
{quote} Right, so it's a buy limit. OK. No point getting upset. Remember, you're not trading to win money just yet. You're observing the charts in real-time in order to comprehend what you're looking at. Just watch and learn.
sweet on table but I am fasting

it is funny
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 61 KB


sorry but I like jokes
0 traders viewing now