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Trading The Language Of Price (Mapping And Order Flow Shifts)

  • #61
  • Sep 23, 2019 5:52pm Sep 23, 2019 5:52pm
Quoting davidman
Hi LSP, Post #59 - to accumulate liquidity pools for further exploitation. Not sure about Post #57 re spot where price will be respected ?? Thanks for responding via email... much appreciated. Regards, D
The price might even go back up to the 120 level where there must be plenty of stops based on the stop-run taking out the highs of 6th and 13th August and then the last high on the 18th that fell just short of the 120 level high. There are also a few liquidity pools on the way up that look tempting as well.

There are so many scenarios that could influence direction. Trump could send the $ tumbling at any moment in time !!??

Regards, D
  • #62
  • Sep 24, 2019 5:57am Sep 24, 2019 5:57am
Quoting davidman
Hi LSP, Post #59 - to accumulate liquidity pools for further exploitation. Not sure about Post #57 re spot where price will be respected ?? Thanks for responding via email... much appreciated. Regards, D
Hi davidman,

Post 59 - To engineer liquidity either side of the consolidation

Post 57 - I'll be going over this in the next EURJPY Study update

Your welcome about the video via email, I hope it helped

LSP
  • #63
  • Sep 24, 2019 5:59am Sep 24, 2019 5:59am
Quoting davidman
{quote} The price might even go back up to the 120 level where there must be plenty of stops based on the stop-run taking out the highs of 6th and 13th August and then the last high on the 18th that fell just short of the 120 level high. There are also a few liquidity pools on the way up that look tempting as well. There are so many scenarios that could influence direction. Trump could send the $ tumbling at any moment in time !!?? Regards, D
Again I'll address your comments in the next EURJPY Study update.

There are a few reasons why higher prices are not likely and regarding the DXY and Trump we as readers of priced the use of the economic calendar can see things way before they happen. (This is a general rule not an absolute)

LSP

www.patreon.com/lsptrading
  • #64
  • Sep 24, 2019 6:01am Sep 24, 2019 6:01am
Good Afternoon All,

Nikkei Index Update

LSP
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  • #65
  • Sep 24, 2019 6:04am Sep 24, 2019 6:04am
Good Afternoon All,

AUDUSD Study Update

This is an interesting study. I want to see how price reacts on the weekly at this level. Once I see something of interest I will drop down to the lower time frames to assess. For now we are in the watching stage. There is no reason to anticipate anything but rather wait for confirmation of what we want to see.

LSP

www.patreon.com/lsptrading
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  • #66
  • Sep 24, 2019 9:55am Sep 24, 2019 9:55am
Good Afternoon All,

In post 57 I made a reference to the candle noted in purple and explained somewhere within that candle was a spot that would stop price. I want to say now that I explained this before the fact. The reason I am saying this first is not because I believe I am smart or clever or want to show how well I can read price. My intention is to try and keep things on an even keel and as transparent as I can so there are no misunderstandings and more importantly so those paying attention realise this is both possible and consistent.

See the chart I have attached. I will not just give away the answer but rather make those that are interested in the EURJPY study we are doing look for it and understand what it is. I also want to be very clear that no single moment in time or chart level is enough on its own. We have to make sure we understand the whole picture up to that point before committing to any study of price.

I have noted a slightly thicker line within the candle on the 4hour and invite you to drop down to the lower time frames (visible on the 1hour, 30min, 15min, 5 min and 1min charts although on the 1hour and 30min charts you will notice a moment prior to the drop that price is respecting as it reached back into the level)

Have a look through and see if you can arrive at the answer. As I have made mention of before in many of the videos I have done both on here and YouTube I have a unorthodox way of teaching and if you follow along and do the work you will understand price better and that understanding will reflect in your trading positively.

LSP

www.patreon.com/lsptrading
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  • #67
  • Sep 24, 2019 12:30pm Sep 24, 2019 12:30pm
Hi LSP,

I've marked the recent consolidation area with extended lines to link previous associations to this area to see if there are perhaps other reasons why price would reverse. But.... can't see why price did not take out liquidity above. Seemed the obvious move. Frustrating!!!

Attached Image (click to enlarge)
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Regards, D

Hope this image can be seen? If not how do I attach an image to a post?
  • #68
  • Sep 24, 2019 12:34pm Sep 24, 2019 12:34pm
Quoting davidman
Hi LSP, I've marked the recent consolidation area with extended lines to link previous associations to this area to see if there are perhaps other reasons why price would reverse. But.... can't see why price did not take out liquidity above. Seemed the obvious move. Frustrating!!! {image} Regards, D Hope this image can be seen? If not how do I attach an image to a post?
Hi davidman,

Posted chart is fine.

What im referring to is within the candle I noted in purple. You’ll need to drop down times frames to see it.

Regarding liquidity obvious doesn’t matter. That’s an emotional response. Reading orders and flow is what matters which is a purely objective excersise and takes time to see.

LSP
  • #69
  • Sep 24, 2019 1:07pm Sep 24, 2019 1:07pm
Quoting lockstockpip
{quote} Hi davidman, Posted chart is fine. What im referring to is within the candle I noted in purple. You’ll need to drop down times frames to see it. Regarding liquidity obvious doesn’t matter. That’s an emotional response. Reading orders and flow is what matters which is a purely objective excersise and takes time to see. LSP

The week open gap? The reversal appears to respect this perfectly.
  • #70
  • Sep 24, 2019 1:09pm Sep 24, 2019 1:09pm
Quoting davidman
{quote} The week open gap? The reversal appears to respect this perfectly.
See posted chart
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  • #71
  • Sep 24, 2019 1:56pm Sep 24, 2019 1:56pm
Quoting lockstockpip
{quote} See posted chart {image}
OK ...this is my final attempt...
Two liquidity areas taken out convincingly which appears to be the reversal area.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15b.png Size: 44 KB



If I am correct...
a) Why was there such a big run down which did not take out the previous low 117.55 where there must be a huge liquidity pool?
b) Why would this reversal area be re-visited after this liquidity pool was taken?
c) You indicated that you never use TF's below 4H.

I'm going to revisit your videos in case I missed anything.

Regards,D
  • #72
  • Sep 25, 2019 5:30am Sep 25, 2019 5:30am
Good Morning All,

EURJPY Study Update and Forex Question Answered.

As always if the video is slightly blurry give it some time to process to HD.

LSP
www.patreon.com/lsptrading

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  • #73
  • Sep 25, 2019 4:00pm Sep 25, 2019 4:00pm
Hi LSP,

It is pretty obvious that I did not understand why price would reverse at a particular level on the 'purple' candle. I'm not sure why you would offer this challenge without eventually clarifying your reasons. I went through your videos again but could not find any reference to this particular scenario.

You also talk about Order Flow shifts, imbalances, etc. without explaining what parameters identify these things or how to recognise them.

I hope I am not jumping the gun but I am just not getting your method of "teaching". It would be great if you could share these ideas in more detail. I would be more than happy to join as a patron if this is a prerequisite.


With respect.
D
  • #74
  • Sep 25, 2019 5:53pm Sep 25, 2019 5:53pm
Quoting davidman
Hi LSP, It is pretty obvious that I did not understand why price would reverse at a particular level on the 'purple' candle. I'm not sure why you would offer this challenge without eventually clarifying your reasons. I went through your videos again but could not find any reference to this particular scenario. You also talk about Order Flow shifts, imbalances, etc. without explaining what parameters identify these things or how to recognise them. I hope I am not jumping the gun but I am just not getting your method of "teaching". It would be great...
Hi davidman,

Before I say anything else can you answer the following questions please. This will help me get a feel for how you view the markets:

1. why do you think price moves?
2. what are you beliefs about why price moves?
3. when you are looking for a trade do you look for repeatable patterns or do you look for reasons that justify a move?

If you get stuck on the questions let me know and I'll re phrase them.

LSP
  • #75
  • Sep 26, 2019 7:09am Sep 26, 2019 7:09am
Seriously? Not sure if you've noticed but how intelligent is it to show contempt and disrespect to the only person showing an interest in your thread?
  • #76
  • Sep 26, 2019 7:23am Sep 26, 2019 7:23am
Quoting davidman
Seriously? Not sure if you've noticed but how intelligent is it to show contempt and disrespect to the only person showing an interest in your thread?
Hi mate,

Not really sure what’s happened here?

My intention is not to be disrespectful. My questions are genuine. You never mentioned in our private exchange via email how you read the markets.

You said in your above post you don’t understand why price does this and that and I’m trying to help you.

If you don’t know why price moves or believe in why you believe price moves then you will find it difficult to grasp some of the things I discuss.

Your using words like disrespect and contempt. These are pretty harsh strong words especially contempt so again I’m not sure why you would be saying these things when all I’ve done is give of my time to try and help you.

So I go back to my first paragraph. I’m asking so I can get a feel for how you view the markets.

LSP
  • #77
  • Sep 26, 2019 8:57am Sep 26, 2019 8:57am
Good Afternoon All,

Bear in mind I was little irritated when I recorded the EURJPY Study Update today. I am doing my best to really help traders who frequent the thread. I know there are many who just read what I post and watch videos privately without commenting and thats fine, I still believe it will help but for the few that respond in the thread please respect my time and don't get frustrated when you don't understand something ask me and I will do my best to help.

Remember I am the one who has gone out of His way to offer experience in an industry that is littered with nonsense and I will do that my way. I know how to help traders but if you feel that you're not getting anything out of this other than frustration then please don't comment especially when I stay up late recording private videos to help you.

Also:

I chose to use EURJPY for a few reasons. 1 because I do not cover it for those on Patreon who pay the small fee and I want to be fair to those people. 2 because I can offer a great deal of insights and build a foundational knowledge of how price moves without going into anything advanced again to protect those that are paying members and 3 because its a pair thats available to all but not many people watch it so I can show that this works on any pair you trade.

Lastly I will say if you just keep paying attention and watch the videos I post on EURJPY you will become a better trader. This is not hard to prove, all you have to do is watch. I'm the one doing the work

LSP

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  • #78
  • Sep 26, 2019 6:00pm Sep 26, 2019 6:00pm
Good Evening All,

Keep an eye on the Nikkei 225 Index. Expecting a small pop or continuation higher into the 22200 to 22300 levels. (I've rounded off the levels. The actual levels are noted on the chart)

LSP
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  • #79
  • Sep 27, 2019 7:24pm Sep 27, 2019 7:24pm
Good Evening All,

I'll be monitoring Crude Oil going forward for a move lower. See charts below.

I've made a note of some key areas. Some are rebalancing, some are shifts in flows and 1 is a target. I'll let those that really want to get this study the charts and post on the thread if they want confirmation of their ideas

LSP
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  • #80
  • Sep 30, 2019 3:56am Sep 30, 2019 3:56am
Good Morning All,

EURJPY Study Update.

I will also be doing an interesting video today which I would suggest everyone following the thread watches as it will hopefully be an eye opener for you.

LSP

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