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Support and Resistance Trading Simplified

  • #141
  • Mar 31, 2010 4:38am Mar 31, 2010 4:38am
how about that buyside orderflow lol
http://www.forexfactory.com/showpost...&postcount=135

took london for 70pips what a compressed order flow failed low and a breakout will do.
  • #142
  • Mar 31, 2010 4:45am Mar 31, 2010 4:45am
even though i don't see 70 pips there, I think this is where it happened
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The quality of your life is brought about by the quality of your thinking.
  • #143
  • Mar 31, 2010 4:49am Mar 31, 2010 4:49am
I was in here yellow line

that was the moment orders began being triggered..
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  • #144
  • Mar 31, 2010 4:53am Mar 31, 2010 4:53am
I don't think the title of this thread actually applies to the contents, we are not trading S&R levels

Domino, why don't you start a new thread named "Price analysis and orderflow trading" or something like that ?...you could copy all your previous charts and explanations over to it.
The quality of your life is brought about by the quality of your thinking.
  • #145
  • Mar 31, 2010 4:57am Mar 31, 2010 4:57am
Quoting domino
I was in here yellow line

that was the moment orders began being triggered..
right. going down to 15m, yes, i can see it. i posted a 60m but i see it clearly over on 15m.

do you ever consider going down to 5 mins for your triggers once your orderflow on main timeframe has switched direction ?
The quality of your life is brought about by the quality of your thinking.
  • #146
  • Mar 31, 2010 9:54am Mar 31, 2010 9:54am
Quoting hornet
I don't think the title of this thread actually applies to the contents, we are not trading S&R levels

Domino, why don't you start a new thread named "Price analysis and orderflow trading" or something like that ?...you could copy all your previous charts and explanations over to it.
I second this, I've been reading domino's posts but I'm still not really sure how he's trading
  • #147
  • Mar 31, 2010 10:09am Mar 31, 2010 10:09am
Quoting lolpie
I've been reading domino's posts but I'm still not really sure how he's trading
think of it as a stairway.

if you're going up you need to have steps on which to rest your feet, if a step gives way, you're going to fall down below.

look at a line chart with this concept in mind ( obviously turn it upside down if you're going downstairs)
The quality of your life is brought about by the quality of your thinking.
  • #148
  • Mar 31, 2010 10:28am Mar 31, 2010 10:28am
Quoting lolpie
I second this, I've been reading domino's posts but I'm still not really sure how he's trading
Hi lolpie,

I will try & post a chart to help further explain, when I have finished trading.

I am just awaiting a downside assault on Eur/Usd

Regards.

BabeFX.
  • #149
  • Mar 31, 2010 12:13pm Mar 31, 2010 12:13pm
Quoting BabeFX
Hi lolpie,

I will try & post a chart to help further explain, when I have finished trading.

I am just awaiting a downside assault on Eur/Usd

Regards.

BabeFX.
yeah im ready for it to...
  • #150
  • Mar 31, 2010 12:20pm Mar 31, 2010 12:20pm
I think when Domino is referring to highs and lows he is talking about
highs and lows in the closing price or possibly the average price (which I
don't think I can access).

Can anyone help me clarify this please?
  • #151
  • Mar 31, 2010 12:27pm Mar 31, 2010 12:27pm
Quoting domino
yeah im ready for it to...
Guys,

Are we looking for a break of the most recent 15M low, followed by a failed lower high followed by a continuation through the new low before entering?

Would that low be the 1.3515 low (based on closing price) or the 1.3510 low (based on a single wick with 1 higher low each side) or the 1.3504 low (based on a proper fractal with 2 higher lows each side)??

Just trying to figure out how you define a low with respect to this method.

Thanks
  • #152
  • Mar 31, 2010 1:12pm Mar 31, 2010 1:12pm
Quoting Sutts
Guys,

Are we looking for a break of the most recent 15M low, followed by a failed lower high followed by a continuation through the new low before entering?

Would that low be the 1.3515 low (based on closing price) or the 1.3510 low (based on a single wick with 1 higher low each side) or the 1.3504 low (based on a proper fractal with 2 higher lows each side)??

Just trying to figure out how you define a low with respect to this method.

Thanks
RZ7G - swapped
short break low /failed high/ break lower for continuation.
dot is a small order to track price
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  • #153
  • Mar 31, 2010 1:20pm Mar 31, 2010 1:20pm
Quoting domino
yeah im ready for it to...

Hi Folks,

This is my view of how the market laid out its stall yesterday for us to trade profitably today.






Regards,


BabeFX.
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  • #154
  • Mar 31, 2010 1:24pm Mar 31, 2010 1:24pm
Quoting BabeFX
Hi Folks,

This is my view of how the market laid out its stall yesterday for us to trade profitably today.






Regards,


BabeFX.
word thats a great chart right on with the clusters.
  • #155
  • Mar 31, 2010 1:34pm Mar 31, 2010 1:34pm
see some pins are probably great to take
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  • #156
  • Mar 31, 2010 4:04pm Mar 31, 2010 4:04pm
short positions closed looks like we could be building furthur buyside orderflow.
  • #157
  • Mar 31, 2010 5:53pm Mar 31, 2010 5:53pm
Hello Domino and thread fellows!

I've prepared a chart à la BabeFX. What do you think of it? Do they make sense and am I missing "something"?
There is some text in the charts, maybe you (all) could comment them!

Thanks a lot

Flo

Attached Image (click to enlarge)
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  • #158
  • Mar 31, 2010 6:29pm Mar 31, 2010 6:29pm
Quoting domino
RZ7G - swapped
short break low /failed high/ break lower for continuation.
dot is a small order to track price
Thanks for confirming Domino. I think that answers two of my questions.

1. Single fractals are sufficient as break points (1 higher low on each side of the low point as opposed to 2 higher lows on each side).

2. A short entry can be made as soon as the previous long trend fails (by the last higher low being taken out) as long as a failed lower high is put in place first.

Please correct me if I've read this wrong.

Really appreciate your help.
  • #159
  • Mar 31, 2010 6:30pm Mar 31, 2010 6:30pm
Quoting BabeFX
Hi Folks,

This is my view of how the market laid out its stall yesterday for us to trade profitably today.

Regards,

BabeFX.
That's one nice clear chart BabeFX. Thanks for posting.
  • #160
  • Mar 31, 2010 6:32pm Mar 31, 2010 6:32pm
Quoting Flo
Hello Domino and thread fellows!

I've prepared a chart à la BabeFX. What do you think of it? Do they make sense and am I missing "something"?
There is some text in the charts, maybe you (all) could comment them!

Thanks a lot

Flo

Attachment

Attachment

On the second chart I'd say the place to exit was definitely on the break of the last higher low before the drop.

In your first chart you say "finally stops are triggered".

This begs the question: is the power of the long breakout (surge) dependent on the number of swing points (order clusters) put in on the way down? i.e. after a lengthy fall with plenty of retracements, the buy orders that sit over the last lower high (due to stops being accumulated and moved down as new lower highs are put in) should in theory be much greater than if the fall is small or if the fall is large but very rapid with few pull backs.
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