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Price is everything! #2 (PIE)

  • #21
  • Nov 22, 2023 4:34am Nov 22, 2023 4:34am
Quoting joe123
{quote} looking at this supply to test. {image}
well apparently I cant take profit with this broker alright moving my stop loss to break even. shame.
Indicators only Indicate, Price action dictates.
  • #22
  • Nov 22, 2023 4:43am Nov 22, 2023 4:43am
Quoting joe123
{quote} looking at this supply to test. {image}
we at demand on LTF, lets see if we can break through. also a lower demand back down at the bottom of the move up, ''the source''
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Indicators only Indicate, Price action dictates.
  • #23
  • Nov 22, 2023 12:52pm Nov 22, 2023 12:52pm
Quoting joe123
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...
Redsword11 was really a wonderful trader. He was the one who looks the charts in different way.
My google photos account still has it charts in it.
Attached Image (click to enlarge)
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Best of luck for PIE#2
Ahmad Hassan
  • #24
  • Nov 22, 2023 1:18pm Nov 22, 2023 1:18pm
Quoting RedEagle
{quote} Redsword11 was really a wonderful trader. He was the one who looks the charts in different way. My google photos account still has it charts in it. {image} Best of luck for PIE#2

he was a wonderful person, had a few problems like all of us but had a rock solid heart and gave with out thinking.
Indicators only Indicate, Price action dictates.
  • #25
  • Nov 22, 2023 1:33pm Nov 22, 2023 1:33pm
Quoting joe123
lets wait and see. locked and loaded. {image}

level that i bought is still holding, prob close out at lower/higher supply. daily and 4h time frames i am bullish.
Attached Image (click to enlarge)
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Indicators only Indicate, Price action dictates.
  • #26
  • Nov 22, 2023 1:39pm Nov 22, 2023 1:39pm
Quoting joe123
{quote} level that i bought is still holding, prob close out at lower/higher supply. daily and 4h time frames i am bullish. {image}
supply taking over again.
Indicators only Indicate, Price action dictates.
  • #27
  • Nov 23, 2023 10:24am Nov 23, 2023 10:24am
Still bullish this pair. Closed out my long.
Indicators only Indicate, Price action dictates.
  • #28
  • Edited 10:52am Nov 23, 2023 10:34am | Edited 10:52am
So I'm going to try and focus less in trading on shorter term charts which is what i normally do and try and focus on longer term charts. That way the forum wont be to flooded with my thoughts and just focus on the main ideas.


ill also post one or two detailed examples on how I enter a trade and what I look for In the coming week or two that way it'll be more clear for everyone.

As a general rule in my trades, I tend to get more emotional then logical which is the reason why my trades don't work in my favour in regard to sticking to my ideas. But we all have our set back when it comes to trading and this is mine. If you can be more logical with my trade set ups, you'll probably make more pips then I do.
Indicators only Indicate, Price action dictates.
  • #29
  • Nov 23, 2023 10:59am Nov 23, 2023 10:59am
Hi Joel23, very interesting and informative thread. I have been following your post and you seems to be spot on with your trade ideas. I wanted to asked you a few questions but based on your last post I will wait and see if my questions get answered.
  • #30
  • Nov 23, 2023 11:05am Nov 23, 2023 11:05am
Supply for dollar on daily is this level in red. we could by pass this level on LTF which would make a spike on daily to 104.40 which is the higher supply and its shown on lower time frame.

Either way i am bearish the dollar.
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Indicators only Indicate, Price action dictates.
  • #31
  • Nov 23, 2023 12:08pm Nov 23, 2023 12:08pm
Quoting joe123
So I'm going to try and focus less in trading on shorter term charts which is what i normally do and try and focus on longer term charts. That way the forum wont be to flooded with my thoughts and just focus on the main ideas. ill also post one or two detailed examples on how I enter a trade and what I look for In the coming week or two that way it'll be more clear for everyone. As a general rule in my trades, I tend to get more emotional then logical which is the reason why my trades don't work in my favour in regard to sticking to my ideas. But...
and this is why i get emotional in trading.

Quoting joe123
{quote} looking at this supply to test. {image}
price does what i think it will do its just my emotions get in the way.

better luck next time to me. but the theory works.
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Indicators only Indicate, Price action dictates.
  • #32
  • Nov 23, 2023 1:12pm Nov 23, 2023 1:12pm
Quoting joe123
Supply for dollar on daily is this level in red. we could by pass this level on LTF which would make a spike on daily to 104.40 which is the higher supply and its shown on lower time frame. Either way i am bearish the dollar. {image}

same thing for EURUSD, this demand on daily could hold us back from going lower, but there is a chance we hit lower demand at 1.08.

we go up either way. the trend is your friend.
Attached Image (click to enlarge)
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Indicators only Indicate, Price action dictates.
  • #33
  • Nov 23, 2023 1:21pm Nov 23, 2023 1:21pm
Quoting row
Hi Joel23, very interesting and informative thread. I have been following your post and you seems to be spot on with your trade ideas. I wanted to asked you a few questions but based on your last post I will wait and see if my questions get answered.
sure thing, thanks
Indicators only Indicate, Price action dictates.
  • #34
  • Nov 23, 2023 1:31pm Nov 23, 2023 1:31pm
Quoting joe123
{quote} same thing for EURUSD, this demand on daily could hold us back from going lower, but there is a chance we hit lower demand at 1.08. we go up either way. the trend is your friend. {image}
will see how this plays out in the next week or two. perhaps another leg up or two, but keep an eye on that lower untested fresh demand.

same thing for dollar chart.
Indicators only Indicate, Price action dictates.
  • #35
  • Nov 24, 2023 4:00am Nov 24, 2023 4:00am
AUDUSD weekly chart:

this thing is as bullish as it gets. look for longs from now on at demand levels on LTF. we having a new trend starting.
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Indicators only Indicate, Price action dictates.
  • #36
  • Nov 24, 2023 4:16am Nov 24, 2023 4:16am
i wonder how we are going to react at this level.

just a note: on weekly USDJPY has tested a demand, plus sentiment is still short. i favour more bullishness to come, but we could get a small reaction at this level of supply. a little tricky this pair. we are in-between.
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Indicators only Indicate, Price action dictates.
  • #37
  • Nov 24, 2023 4:24am Nov 24, 2023 4:24am
USDCAD chart.

this one is simple. we are at supply and a third test and rejection. i favour price going down. lots of selling opportunity's on LTF.
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Indicators only Indicate, Price action dictates.
  • #38
  • Nov 24, 2023 9:10am Nov 24, 2023 9:10am
Splendid work Joel23, I just want to get your thought on these two areas of these charts if you don't mind. They appear to be great demand areas but I'm not a 100% sure.
Attached Image(s) (click to enlarge)
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  • #39
  • Edited 10:59am Nov 24, 2023 10:40am | Edited 10:59am
Quoting row
Splendid work Joel23, I just want to get your thought on these two areas of these charts if you don't mind. They appear to be great demand areas but I'm not a 100% sure. {image} {image}
im in the middle of writing my method which should help explain a little better as to what to do in your case. cant do two things at once even tho i am right now

but to keep it simple, go onto a higher time frame chart like the 4 hour AND daily, and find me those flags..........? or, the source of the move........? then go back down and determine where those exact levels are. always focus on the higher time frame chart.

sorry for not helping at this exact moment.
Indicators only Indicate, Price action dictates.
  • #40
  • Nov 24, 2023 11:39am Nov 24, 2023 11:39am
The E/Cad is showing a flag on the daily time frame outlined with the yellow square and the white square shows the source of the move on the 4hr timeframe.
Attached Image(s) (click to enlarge)
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