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Price is everything

  • #901
  • Aug 20, 2010 2:21pm Aug 20, 2010 2:21pm
Quoting redsword11
long cadchf with a 20pip stop



stops @ 0.98355


scalped
  • #902
  • Aug 20, 2010 10:47pm Aug 20, 2010 10:47pm
Quoting redsword11
I can't not describe anymore than l already do with the charts l post here, its possibly a simple case that l have experienced more screen time than you, thats all

Yes you can. You can describe in more detail the process of your analysis, the identifiable patterns on a chart that you look for, and an objective way to draw these areas etc. However, if you choose not to do so then that is an entirely different matter.
  • #903
  • Aug 22, 2010 8:44am Aug 22, 2010 8:44am
Quoting A-game
Yes you can. You can describe in more detail the process of your analysis, the identifiable patterns on a chart that you look for, and an objective way to draw these areas etc. However, if you choose not to do so then that is an entirely different matter.

Will demonstrate what l can on the live charts, not back testing, as traders we know looking back is always easy. Each trade has its own parameters and characteristics - moreover, before trading any pair l consider other factors too such as correlatiions or non correlations or inverted pairs as well as the dollar index. So writing down rigid rules to follow is just not possible. Identifying zones of supply and demand as l stated earlier is more to do with screen time - you can see these areas of interest easier with experience rather than rigid rules ...........


Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 102 KB



interesting structure and is respecting zones above and below, will see how it develops for longs and shorts



Red
  • #904
  • Aug 22, 2010 9:23am Aug 22, 2010 9:23am
Quoting A-game
Yes you can. You can describe in more detail the process of your analysis, the identifiable patterns on a chart that you look for, and an objective way to draw these areas etc. However, if you choose not to do so then that is an entirely different matter.

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.jpg Size: 100 KB



Ok, A-game show me what is confusing about this chart?

The next question is how to trade it, these 2 levels are very close together, the trend may appear to be south therefore most trend traders will short at supply zone - l will not


Because of that cluster below may develop into a support and therefore demand zone and the zones are close together its not easy to trade either way - let it resolve and see what prices tell us after these 2 levels resolve. From experience, its looks like it will break north as it is deep into demand on higher tfs - but let prices tell you


The pink line crossed the green line ................... COUGH



Red
  • #905
  • Aug 22, 2010 9:38am Aug 22, 2010 9:38am
.......... bring it traders
  • #906
  • Aug 22, 2010 10:25am Aug 22, 2010 10:25am
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 75 KB


Attached Image (click to enlarge)
Click to Enlarge Name: euro index.jpg Size: 82 KB



dollar index corrects towards new support?....... and euro index close to a subjective support, good idea to watch these 2 closely in the coming week
  • #907
  • Aug 22, 2010 11:05am Aug 22, 2010 11:05am
Quoting redsword11
Attachment


Ok, A-game show me what is confusing about this chart?





Red

Its not confusing when you draw supply/demand zones. I can see what your doing, the problem is much like trendlines they are discretionary. Tom DeMark removed this problem when he brought us TD lines, thus giving us an objective method of drawing trendlines. Sam Seiden claims his method is objective also, and since you learned this method from watching Sam's videos, then one would assume you can also draw these zones objectively. If your method is discretionary, then i guess i will just have to keep looking at your charts, which by the way are appreciated regardless. On a sidenote, do i know you from somewhere?
  • #908
  • Aug 22, 2010 11:19am Aug 22, 2010 11:19am
you don't know me
  • #909
  • Aug 22, 2010 12:34pm Aug 22, 2010 12:34pm
Quoting redsword11
Attachment



I have found this pair to be a good indicator regarding kiwi, its a headbanger to trade but l have traded it a few times. If it drops from these dtls ( DOWNTRENDLINES) it usually suggets kiwi rallies, and therefore audusd usually follows and so on. I watch this often as a leading indicator and has proven useful over the years


Regards



Red




Attached Image (click to enlarge)
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  • #910
  • Aug 22, 2010 2:22pm Aug 22, 2010 2:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.jpg Size: 60 KB



awaiting long
  • #911
  • Aug 22, 2010 3:47pm Aug 22, 2010 3:47pm
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: en.jpg Size: 87 KB



it won't be as clean cut as this but when this pair develops a wedge and a breakout configuration in both directions it usually goes like hell



Red
  • #912
  • Aug 22, 2010 6:14pm Aug 22, 2010 6:14pm
Lets take it all to the market, GOT THE HEART?
  • #913
  • Aug 22, 2010 8:00pm Aug 22, 2010 8:00pm
spineless
  • #914
  • Aug 23, 2010 12:54am Aug 23, 2010 12:54am
EURUSD M15. Looking for reaction on these green areas for sell. I see supply1 or supply2 zone more preferable (just not sure which one of two is drawn right), because there is round number nearby and this is retest zone of broken TL on Friday H1 timeframe.
Attached Image(s) (click to enlarge)
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  • #915
  • Aug 23, 2010 6:28am Aug 23, 2010 6:28am
Quoting redsword11
Attachment




prices have developed a new support, not taking the short, but it may give a drop into a support area for a long

sinking back lower to demand zone, will be waiting for a long
Attached Image (click to enlarge)
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  • #916
  • Aug 23, 2010 6:34am Aug 23, 2010 6:34am
Quoting powerlexus
EURUSD M15. Looking for reaction on these green areas for sell. I see supply1 or supply2 zone more preferable (just not sure which one of two is drawn right), because there is round number nearby and this is retest zone of broken TL on Friday H1 timeframe.

all zones are valid, will watching for reaction too
  • #917
  • Aug 23, 2010 7:36am Aug 23, 2010 7:36am
Quoting redsword11
Will demonstrate what l can on the live charts, not back testing, as traders we know looking back is always easy. Each trade has its own parameters and characteristics - moreover, before trading any pair l consider other factors too such as correlatiions or non correlations or inverted pairs as well as the dollar index. So writing down rigid rules to follow is just not possible. Identifying zones of supply and demand as l stated earlier is more to do with screen time - you can see these areas of interest easier with experience rather than rigid...

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 106 KB




awaitng uj @ uptl for reaction and possible entry north
  • #918
  • Aug 23, 2010 10:34am Aug 23, 2010 10:34am
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  • #919
  • Aug 23, 2010 10:45am Aug 23, 2010 10:45am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: cable entry.jpg Size: 92 KB



low risk - so giving it a go
  • #920
  • Aug 23, 2010 11:01am Aug 23, 2010 11:01am
Quoting redsword11
Attachment


low risk - so giving it a go

Attached Image (click to enlarge)
Click to Enlarge Name: cable entry.jpg Size: 99 KB
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