Price is everything | Page 300 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EIP: Everything In Price (PIE) 16 replies

Everything to Nothing to get Everything? 7 replies

Price Is Everything - Lets Focus on Price and Swings 17 replies

Price is Everything (Long Term and Semi-Auto Edition) 26 replies

Everything You Wanted To Know About Electronic Trading, by Linda Bradford Raschke 0 replies

Attachments: Price is everything
Exit Attachments

Price is everything

  • #5,981
  • Jan 11, 2011 2:54am Jan 11, 2011 2:54am
Quoting redsword11
Attachment


if this zone is respected - usually implies kiwi corrects north ( and aud usually follows )

Attached Image (click to enlarge)
Click to Enlarge Name: room.jpg Size: 55 KB



kiwi creates this bullish configuration as GBPNZD @ supply ............
  • #5,982
  • Jan 11, 2011 6:44am Jan 11, 2011 6:44am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: room eu.jpg Size: 69 KB



partial close
  • #5,983
  • Jan 11, 2011 6:45am Jan 11, 2011 6:45am
Hi Red and others,

Several pairs are in interesting areas right now and I have some spare time to post charts and share thoughts.

GBP/AUD : may worth a short ... If it plays nice, hold it. Targets : 1.5150/1.49/1.4650.

USD/CHF : look for possible short. May want to test 0.9760 before falling. Or not ... If it breaks 0.93 to the south, the target may be around 0.9020 (to be confirmed).

GBP/USD : Below 1.5625, it's short only. H4 is showing some compression. May fall hard later this week. May test 1.5625 again before. That would then be a very nice place to short ...

AUD/USD : look for long opportunities. Either around 0.9820/0.9840, or on a breakout/pullback of 0.9888 (MM H1 Pivot).

GBP/CHF : look for short below 1.5137. MM says if price goes to 1.5259, there's 80% chances if will bounce back to 1.5137. Downside targets : 1.4650/1.44/1.43/1.4150/1.40.

AUD/CAD : watch for long opportunities. If 0.9766 does not hold, try again around 0.97.

Have a nice trading week all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpaud-h4.jpg Size: 167 KB
Click to Enlarge Name: usdchf-h4.jpg Size: 187 KB
Click to Enlarge Name: gbpusd-h4.jpg Size: 193 KB
Click to Enlarge Name: audusd-h4.jpg Size: 181 KB
Click to Enlarge Name: gbpchf-h4.jpg Size: 177 KB
Don't just be a sheep : make your own idea of it.
  • #5,984
  • Jan 11, 2011 6:45am Jan 11, 2011 6:45am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: room aud.jpg Size: 71 KB




hit tgs, closed most @ BE
  • #5,985
  • Jan 11, 2011 6:50am Jan 11, 2011 6:50am
Quoting kassec
Hi Red and others,

Several pairs are in interesting areas right now and I have some spare time to post charts and share thoughts.

GBP/AUD : may worth a short ... If it plays nice, hold it. Targets : 1.5150/1.49/1.4650.

USD/CHF : look for possible short. May want to test 0.9760 before falling. Or not ... If it breaks 0.93 to the south, the target may be around 0.9020 (to be confirmed).

GBP/USD : Below 1.5625, it's short only. H4 is showing some compression. May fall hard later this week. May test 1.5625 again before. That would then be a very...


got some on the radar........... similar thoughts


good to hear from you
  • #5,986
  • Jan 11, 2011 7:10am Jan 11, 2011 7:10am
Hi Red, like your charts and approach.

Out of interest, why do you mark some spikes with long rectangles?

Is this for future use as a possible supply/demand zone?

Also, what's the significance off numerous rejection wicks? Does this indicate the supply/demand may have been consumed?
  • #5,987
  • Jan 11, 2011 7:27am Jan 11, 2011 7:27am
Quoting redsword11
got some on the radar........... similar thoughts
In fact, I would short all GBP pairs ! It seems to me they could fall the hard way soon (May thursday's news trigger the move ?). If it happens, there's 500-1000 pips to catch on most of them. However, GBP has already been seriously hammered in the last weeks, so ... For EU pairs, they are already at some bottom and I'd be more carefull. I'm still short on them, but would prefer to see a serious pullback to enter (H4/D1) for mid-term trade.

I tried an EU short from 1.2965 (stop above 1.30). Hopefully 1.2970 will hold. I may chicken this and get out if NY does not push the pair lower today.
Don't just be a sheep : make your own idea of it.
  • #5,988
  • Jan 11, 2011 10:23am Jan 11, 2011 10:23am
supply level from rally-base-drop on left. pinbar rejection off supply zone. macd divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf short.gif Size: 16 KB
  • #5,989
  • Jan 11, 2011 11:39am Jan 11, 2011 11:39am
Quoting -nate-dogg-
Hi Red, like your charts and approach.

Out of interest, why do you mark some spikes with long rectangles?

Is this for future use as a possible supply/demand zone?

Also, what's the significance off numerous rejection wicks? Does this indicate the supply/demand may have been consumed?


wicks with rectangles - this is just to highlight them






numerous rejection wicks - this is simply a price function, sometimes a single wick, sometimes several, however a single rejection wick followed by strong price movement is faster rejection than say 4 rejection wicks and then price movement. Shorter the time price stays at a given level, bigger the inbalance between buyers and sellers generally speaking
  • #5,990
  • Jan 11, 2011 11:41am Jan 11, 2011 11:41am
kiwi hit tg

aud still running

remaining eu taken @ BE


........... AND S&P SHOULD BE A SELL
  • #5,991
  • Jan 11, 2011 11:57am Jan 11, 2011 11:57am
Attached Image (click to enlarge)
Click to Enlarge Name: room eu.jpg Size: 85 KB



still in range
  • #5,992
  • Jan 11, 2011 11:59am Jan 11, 2011 11:59am
Hi! red, what's time frame that the most effective for this method. As your charts have every tf. Does highlight zone come from consolidation area?

Thanks
  • #5,993
  • Jan 11, 2011 12:16pm Jan 11, 2011 12:16pm
Quoting orionfx
Hi! red, what's time frame that the most effective for this method. As your charts have every tf. Does highlight zone come from consolidation area?

Thanks


Had a discussion about the TF issue a few times in the thread - basically you have to switch tfs to the tf that OFFERS the best most defined information

example below - for me in this particular case the 5 min tf gives the best information, compare it to the hourly - not easy to see the PA and the supply and demand zones


Attached Image (click to enlarge)
Click to Enlarge Name: room eu.jpg Size: 85 KB


Attached Image (click to enlarge)
Click to Enlarge Name: room hourly.jpg Size: 49 KB



the hourly doesn't offer me the detailled info that l want so l switch to the tf that does



the highlighted zones is where prices are rejecting levels either south from supply or north from demand so it is consolidation until it breaks either direction
  • #5,994
  • Jan 11, 2011 12:30pm Jan 11, 2011 12:30pm
Attached Image (click to enlarge)
Click to Enlarge Name: soya.jpg Size: 69 KB



descending triangle, could break this demand .....
  • #5,995
  • Jan 11, 2011 1:24pm Jan 11, 2011 1:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 61 KB



bearish flagpole @ intraday demand, if it holds true it will break through, dollar weakens now and through to next session
  • #5,996
  • Jan 11, 2011 2:16pm Jan 11, 2011 2:16pm
Quoting redsword11
Attachment



hit tgs, closed most @ BE

Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 79 KB
  • #5,997
  • Jan 11, 2011 6:26pm Jan 11, 2011 6:26pm
sold cable @ 1.56041
  • #5,998
  • Jan 11, 2011 6:28pm Jan 11, 2011 6:28pm
Quoting redsword11
Attachment


taken @ BE
  • #5,999
  • Jan 11, 2011 6:45pm Jan 11, 2011 6:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: crude.jpg Size: 80 KB




sold



will monitor PA for tg, might just scalp it
  • #6,000
  • Jan 11, 2011 7:03pm Jan 11, 2011 7:03pm
Hey Red. aud/usd correcting on smaller TF. flag ending @ supply?

i am short this pair from early last week and added more yesterday.

GLGT
Attached Image (click to enlarge)
Click to Enlarge Name: 7.gif Size: 11 KB
23 traders viewing now