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Price is everything

  • #3,441
  • Nov 8, 2010 5:56am Nov 8, 2010 5:56am
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  • #3,442
  • Nov 8, 2010 7:00am Nov 8, 2010 7:00am
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clues to kiwi and aud correction
  • #3,443
  • Nov 8, 2010 7:21am Nov 8, 2010 7:21am
Quoting redsword11
yeah, no doubt


didn't mean to vent at the trader thou, so l have apologized
well sometimes u dont need to apologize because u were right. He was the one who needed to apologize. That was not his first time.
  • #3,444
  • Nov 8, 2010 8:08am Nov 8, 2010 8:08am
Sometimes it takes a bigger man to walk away.

You cant change some people to your way of thinking, even if you drag them kicking and screaming.

Red has given so much here. absolute quality!

Your thread acts like a magnet because of the content here, that alone, Red should be proud of.

Let it be
I need to finish something i started
  • #3,445
  • Nov 8, 2010 8:14am Nov 8, 2010 8:14am
Quoting redsword11
Attachment


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  • #3,446
  • Nov 8, 2010 8:16am Nov 8, 2010 8:16am
Quoting bigwal
Sometimes it takes a bigger man to walk away.

You cant change some people to your way of thinking, even if you drag them kicking and screaming.

Red has given so much here. absolute quality!

Your thread acts like a magnet because of the content here, that alone, Red should be proud of.

Let it be


thanks for your comments


appreciate all you folks growing this thread - no nonesense PA trading - no frills trading



Red regards
  • #3,447
  • Nov 8, 2010 9:24am Nov 8, 2010 9:24am
Quoting redsword11
Attachment
Hi Red I just found this thread and thank you for starting it. I like how you are trading and my goal is the same. I notice you are a swing trader and I am trying to really define my swing trading and sometimes it is not that easy. I know you can get in moves on 1 min chart, 5m min, 30 min ect... anyway would you mind posting a breakdown of how long you expect to be in a trade (your goal which obviously can change at anytime depending on how the trade is going) based on your time frame entries?

I am also bullish on eu by the way as I bought this dip earlier this morning after the news releases on eurusd causing the selloff (pullback) from last weeks economic report releases on bullish usd news (just noise to me in the uptrend I believe another run up but overall it will come back down I think. I am long for a retest of 1.4xxx whichever the market reaches. if not I will have locked in profit at least.

I look forward to hearing your answer on the tf question. by the way the entry for my eu long was on a 1 and 5 min chart watching the bucket action setups.
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Know when to hold em, Know when to fold em!
  • #3,448
  • Nov 8, 2010 9:32am Nov 8, 2010 9:32am
I will post a master candle formation for u to see.

This is a master candle on eu chart. Its a momentum candle and it serves as a support/resistance level. We also have a strong support around 3900 as a confluence point.

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  • #3,449
  • Nov 8, 2010 9:34am Nov 8, 2010 9:34am
Quoting T@rantula
I will post a master candle formation for u to see.

This is a master candle on eu chart. Its a momentum candle and it serves as a support/resistance level. We also have a strong support around 3900 as a confluence point.
Thanks a ton T@rantula. I will eagerly wait. Is this an indicator that paints candles which are a good possible price action identifier?
Know when to hold em, Know when to fold em!
  • #3,450
  • Nov 8, 2010 9:35am Nov 8, 2010 9:35am
Quoting T@rantula
I will post a master candle formation for u to see.

This is a master candle on eu chart. Its a momentum candle and it serves as a support/resistance level. We also have a strong support around 3900 as a confluence point.


hope you stick around


good to have you here
  • #3,451
  • Nov 8, 2010 9:38am Nov 8, 2010 9:38am
Quoting T@rantula
I will post a master candle formation for u to see.

This is a master candle on eu chart. Its a momentum candle and it serves as a support/resistance level. We also have a strong support around 3900 as a confluence point.

Attachment
Thanks for the chart, do you have an indicator for this?
Know when to hold em, Know when to fold em!
  • #3,452
  • Nov 8, 2010 9:38am Nov 8, 2010 9:38am
Quoting goods
Thanks a ton T@rantula. I will eagerly wait. Is this an indicator that paints candles which are a good possible price action identifier?
Well no. Those are ordinary candles. Little arrows are swing points where I measure swing projections and fibo retracements.

PA is an indicator by itself. The basic of PA is buying support and selling resistance. If I swing trade I need a confirmation of a trend on any TF. Then I make entries on lesser TF. We have a congestion zone on m15 at the moment.
  • #3,453
  • Nov 8, 2010 9:40am Nov 8, 2010 9:40am
Quoting T@rantula
Well no. Those are ordinary candles. Little arrows are swing points where I measure swing projections and fibo retracements.

PA is an indicator by itself. The basic of PA is buying support and selling resistance. If I swing trade I need a confirmation of a trend on any TF. Then I make entries on lesser TF. We have a congestion zone on m15 at the moment.

Oh I agree with you, I was just wondering if you had this as an indicator that paints for you (kind of keeps you from having to do the legwork), but I guess not. THanks again though
Know when to hold em, Know when to fold em!
  • #3,454
  • Nov 8, 2010 9:40am Nov 8, 2010 9:40am
Quoting goods
Thanks for the chart, do you have an indicator for this?
I have an indicator for master candle but I prefer to draw it manually.

Here u are:

Attached File(s)
File Type: mq4 McIndicator.mq4   5 KB | 774 downloads
  • #3,455
  • Nov 8, 2010 9:41am Nov 8, 2010 9:41am
Ok time for me to take some action, but to do so i need a PLAN.

A Trading Plan!

This is my trading plan which i will follow.

I will plot supply and demand zones across all pairs on 4hr tf.

I will consider other areas of interest eg. trendlines (for confluence)

when price is approaching my zone, i will drill down to lower tf to
look for my trigger bars.

I will look to put my stop behind the supply or demand zone, where possible, this is subject to price action.

My target, i will look to have targets @ the source of the drop or rise from a previous supply or demand zone.

At supply and demand zones i will look not only look for reverse bars but continuation bars if i am already in a trade.

Theory....

Priceaction has some great videos of Sam seiden talking about supply and demand. i will study these, so i can "own" this method of trading.

Anyone wanting to comment feel free to chime in.


Ps @ Red, the 4hr has nothing to do with RR or less noise or any of that jibber jabber it is purely.......it suits me.

Tonight is going to be plotting S & D across all pairs


W
I need to finish something i started
  • #3,456
  • Nov 8, 2010 9:41am Nov 8, 2010 9:41am
Quoting T@rantula
I have an indicator for master candle but I prefer to draw it manually.

Here u are:

Attachment
HEH Awesome gracias. Well you see why I posted in my charts the hammers at the bottom serving as support on the 4h chart I do draw them myself as well. I am going to check this out.
Know when to hold em, Know when to fold em!
  • #3,457
  • Nov 8, 2010 9:45am Nov 8, 2010 9:45am
Quoting bigwal
Ok time for me to take some action, but to do so i need a PLAN.

A Trading Plan!

This is my trading plan which i will follow.

I will plot supply and demand zones across all pairs on 4hr tf.

I will consider other areas of interest eg. trendlines (for confluence)

when price is approaching my zone, i will drill down to lower tf to
look for my trigger bars.

I will look to put my stop behind the supply or demand zone, where possible, this is subject to price action.

My target, i will look to have targets @ the source of the drop or rise from a...


yep, sounds fine and it suits your personality and thats when you feel at ease when trading which is important
  • #3,458
  • Nov 8, 2010 9:47am Nov 8, 2010 9:47am
Quoting T@rantula
I have an indicator for master candle but I prefer to draw it manually.

Here u are:

Attachment
Just threw it on and it actually is serving as confluence with exactly what I am expecting.
Know when to hold em, Know when to fold em!
  • #3,459
  • Nov 8, 2010 9:48am Nov 8, 2010 9:48am
Redsword would you mind having a look at this, I am not sure if you had a chance to see it or not. THanks in advance.

http://www.forexfactory.com/showpost...postcount=3447
Know when to hold em, Know when to fold em!
  • #3,460
  • Nov 8, 2010 9:49am Nov 8, 2010 9:49am
Im just wondering if i have zones that are on 4hr, what would be a sensible t/f for trigger bars. i would think to toggle through from 5m to 15m and see what crops up.

would you say i need to be flexible on this ?

Ta

W
I need to finish something i started
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