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Price is everything! #2 (PIE)

  • #1
  • First Post: Nov 20, 2023 2:53pm Nov 20, 2023 2:53pm
Hey,

gonna share how supply and demand really work, if you want to learn, join in.

Thank you

Joseph
Indicators only Indicate, Price action dictates.
  • #2
  • Edited Nov 21, 2023 6:11am Nov 20, 2023 3:47pm | Edited Nov 21, 2023 6:11am
I learnt supply and demand trading with someone called Tony (better known as redsword11) over 10 years ago or so. He created a forum called 'price is everything (PIE)' and he taught me the basics of how supply and demand actually work.

Over the years and after years of chart time in my favour, I've come to the conclusion the price is predictable and its also very simple to read price action if you know what to look for.

The simple idea behind supply and demand is this:

''PRICE ALWAYS GOES BACK TO THE SOURCE OF THE MOVE''............ it happens in two ways. either it goes back to the bottom of where price originated from which is called a cap, or it happens in the middle of the move which is called a flag. And that's it!

Price does this over, over and over again. It's for you to train your eyes and gain chart time, with specificly being able to see the caps and flags in price.

I wish you all the best.

Joseph
Indicators only Indicate, Price action dictates.
  • #3
  • Nov 20, 2023 4:47pm Nov 20, 2023 4:47pm
I expect USDCHF to fall on 4 hour although we are close to short term dollar demand.

Went for a short with this pair with stop above 0.8861

Will post with my computer in the next week and it'll be clearer for everyone
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Indicators only Indicate, Price action dictates.
  • #4
  • Edited 5:05pm Nov 20, 2023 4:53pm | Edited 5:05pm
Quoting joe123
I expect USDCHF to fall on 4 hour although we are close to short term dollar demand. Went for a short with this pair with stop above 0.8861 Will post with my computer in the next week and it'll be clearer for everyone {image} {image}
Wops over shot my trade lol. Not good for a first post of a trade
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Indicators only Indicate, Price action dictates.
  • #5
  • Nov 20, 2023 5:06pm Nov 20, 2023 5:06pm
Quoting joe123
{quote} Wops over shot my trade lol. Not good for a first post of a trade {image}
Not good this one
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Indicators only Indicate, Price action dictates.
  • #6
  • Nov 20, 2023 5:15pm Nov 20, 2023 5:15pm
Quoting joe123
Hey, gonna share how supply and demand really work, if you want to learn, join in. Thank you Joseph
Great Joe,
continuing what was left behind by Tony.
In my early years, I struggle to understand his trading concept, as he only post chart with minimum narrative.
And his candles are without wicks.

Good luck to you, and hope it will help many other to be successful like you.

Best Wishes

Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #7
  • Nov 20, 2023 5:26pm Nov 20, 2023 5:26pm
Quoting Pat Chiko
{quote} Great Joe, continuing what was left behind by Tony. In my early years, I struggle to understand his trading concept, as he only post chart with minimum narrative. And his candles are without wicks. Good luck to you, and hope it will help many other to be successful like you. Best Wishes Pat Chiko
Yeah I hear that. There's a website called 'read the market' RTM that developed his method. But I don't like it becuase they took what he gave for free to people by helping people and turned it into a money making agenda. But hey, everyone to their own.

Take care.
Indicators only Indicate, Price action dictates.
  • #8
  • Nov 20, 2023 5:36pm Nov 20, 2023 5:36pm
Quoting joe123
{quote} Yeah I hear that. There's a website called 'read the market' RTM that developed his method. But I don't like it becuase they took what he gave for free to people by helping people and turned it into a money making agenda. But hey, everyone to their own. Take care.
That was Ifmyante.
He's in commercial section of FF.
And his RTM course was dead.

He picked it up from Tony, repackage it, given a different names to Tony conventional method.
But, those won't last ,as people becoming aware and smart in selecting trading method.

Look for ward to come in here regularly and as newbie, I hope to contribute my little knowledge to share with others.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9
  • Nov 20, 2023 9:18pm Nov 20, 2023 9:18pm
Hello Joseph,
Interesting Introduction up there!
I will be passingby, can't wait to learn something from you.



jereMi
Face 'ur fears & tame 'ur greed
  • #10
  • Nov 21, 2023 3:35am Nov 21, 2023 3:35am
I hear that!

welcome
Indicators only Indicate, Price action dictates.
  • #11
  • Nov 21, 2023 4:46am Nov 21, 2023 4:46am
will explain with some ideas on the longer term charts in the next week. till then, ill post some random set ups.

where is the source of the move up, and where are the other flags in price?
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Indicators only Indicate, Price action dictates.
  • #12
  • Nov 21, 2023 5:14am Nov 21, 2023 5:14am
Quoting joe123
will explain with some ideas on the longer term charts in the next week. till then, ill post some random set ups. where is the source of the move up, and where are the other flags in price? {image}
we would need to get passed the higher demands first.

but i think we can go down. unfilled orders sitting there.
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Indicators only Indicate, Price action dictates.
  • #13
  • Nov 21, 2023 5:39am Nov 21, 2023 5:39am
Quoting joe123
will explain with some ideas on the longer term charts in the next week. till then, ill post some random set ups. where is the source of the move up, and where are the other flags in price? {image}
if you go long here, keep a tight stop below the second demand. i personally don't like this set up to much but it could work.
Attached Image (click to enlarge)
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Indicators only Indicate, Price action dictates.
  • #14
  • Nov 21, 2023 5:44am Nov 21, 2023 5:44am
Quoting joe123
{quote} if you go long here, keep a tight stop below the second demand. i personally don't like this set up to much but it could work. {image}
new supply over head, could be the lower demand that gets triggered. not sure why i posted this if i dont like it.
Attached Image (click to enlarge)
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Indicators only Indicate, Price action dictates.
  • #15
  • Nov 21, 2023 6:00am Nov 21, 2023 6:00am
Quoting joe123
{quote} new supply over head, could be the lower demand that gets triggered. not sure why i posted this if i dont like it. {image}
thats what im looking at on lower time frames. the ''source'' of this hole move up is the blue one. but sentiment is long so what ever rally we get from these levels might be short lived. so we might be going long in a new down trend. just be warned.
Attached Image (click to enlarge)
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Indicators only Indicate, Price action dictates.
  • #16
  • Nov 21, 2023 6:38am Nov 21, 2023 6:38am
went short UJ!

Quoting joe123
{quote} thats what im looking at on lower time frames. the ''source'' of this hole move up is the blue one. but sentiment is long so what ever rally we get from these levels might be short lived. so we might be going long in a new down trend. just be warned. {image}
like i said, I didnt really like this set up. but they all reacted differently.
Attached Image (click to enlarge)
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Indicators only Indicate, Price action dictates.
  • #17
  • Nov 21, 2023 3:50pm Nov 21, 2023 3:50pm
lets wait and see. locked and loaded.
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Indicators only Indicate, Price action dictates.
  • #18
  • Nov 22, 2023 1:47am Nov 22, 2023 1:47am
Quoting hocuspocus
{quote} Why the blue one? Why not the pink ones? Is it because the blue one was the one that broke the resistance?
Quoting joe123
went short UJ! {quote} like i said, I didnt really like this set up. but they all reacted differently. {image}
because the blue one is the source of the move up, ''PRICE ALWAYS GOES BACK TO THE SOURCE'' of the move.

the blue one has been consumed by the spike down that we had. so this thing should drop further.
Indicators only Indicate, Price action dictates.
  • #19
  • Nov 22, 2023 1:51am Nov 22, 2023 1:51am
Quoting joe123
lets wait and see. locked and loaded. {image}

Got triggered a long by the demand flag.
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Indicators only Indicate, Price action dictates.
  • #20
  • Nov 22, 2023 2:11am Nov 22, 2023 2:11am
Quoting joe123
{quote} Got triggered a long by the demand flag. {image} {image}
looking at this supply to test.
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Indicators only Indicate, Price action dictates.
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