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Price is everything

  • #6,541
  • Jan 22, 2011 11:27am Jan 22, 2011 11:27am
Quoting honeybhi
Red ,how about shorting here with stops above 133 and

target 129.50 area ?

Not sure if I have marked the supply levels correct.

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Attached Image (click to enlarge)
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test of dtl is not the trigger - make sure prices develop that price config ON the daily before you enter


http://i41.tinypic.com/2d0x7o8.gif


this is on the first page of the thread - thats what you are looking for ON THE DAILY, thats the config, notice gy turned on this config on the last drop......


other considerations - gy is a function of cable and uj


uj has a pole north - with flag south

cable has a possible range, topping out for drop


so, once the config has develped its a short and not any time earlier, its a guess otherwise. Stop placed AFTER config has developed, thats the confirming trigger therefore you can go in heavier with confidence. And you need to monitor uj espesically when its flag completes cycle @ demand zone and cable within range



its also saturday ............ l'm getting Red drunk


see you in the market soon pretty
  • #6,542
  • Jan 22, 2011 3:29pm Jan 22, 2011 3:29pm
Thanks for a great thread, Red.

Love trading PA, SR. The supply demand twist with Seiden's insight is very interesting. Looks to me like there is an interesting supply zone to be tagged soon. EURUSD 1d.

New to the supply and demand model, but it looks like fiber likes to punch through the entire zone then turn vs, retest. Headfake central on the 4hr plus time frames on all but the largest zones? The 1-15minute TF seem to provide much easier and consistent respect of the levels? Is this wrong on this pair?

Probably missing something but still new to this model and studying.

Riding this chart up buying pullbacks intra-day. Looks like we have a lot of weak shorts and profit takers to shake out while real money gets on board before the real turn comes.

Mike
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  • #6,543
  • Edited 4:58pm Jan 22, 2011 4:38pm | Edited 4:58pm
Hi Red and all,
I just wanted to drop by and express my gratitude for your vouching in my behalf.

Coming back reinvigorated, I now also feel humbled.

We shall join forces and bring it on soon.

PA (as a means to identify order-flow) is only way forward. Anything else is just lagging or even worse.
  • #6,544
  • Jan 22, 2011 5:27pm Jan 22, 2011 5:27pm
Quoting Sdvsa
Hi Red and all,
I just wanted to drop by and express my gratitude for your vouching in my behalf.

Coming back reinvigorated, I now also feel humbled.

We shall join forces and bring it on soon.

PA (as a means to identify order-flow) is only way forward. Anything else is just lagging or even worse.


well deserved trader
  • #6,545
  • Jan 22, 2011 5:30pm Jan 22, 2011 5:30pm
hardcore PA traders belong here


leaving all nonesense aside - raw and real in the moment when it presents itself ............... its ours



let it open - we will spill them


any pair any tf
  • #6,546
  • Jan 22, 2011 6:30pm Jan 22, 2011 6:30pm
Quoting redsword11
hardcore PA traders belong here


leaving all nonesense aside - raw and real in the moment when it presents itself ............... its ours



let it open - we will spill them


any pair any tf
It just dawned on me,
if I were to formulate my motto, I wouldn't be able to do it better: "Leaving all the nonsense aside: the moment raw opportunity presents itself; any pair, any TF."


Now, if I may say so, I am gonna sleep till all rosy.

(don't know if it makes much sense in English, but we actually have that idiom in Czech, meaning sleep well)
  • #6,547
  • Jan 22, 2011 6:47pm Jan 22, 2011 6:47pm
Quoting Sdvsa
It just dawned on me,
if I were to formulate my motto, I wouldn't be able to do it better: "Leaving all the nonsense aside: the moment raw opportunity presents itself; any pair, any TF."


Now, if I may say so, I am gonna sleep till all rosy.

(don't know if it makes much sense in English, but we actually have that idiom in Czech, meaning sleep well)

motto - live and trade this manner
  • #6,548
  • Jan 23, 2011 1:58am Jan 23, 2011 1:58am
Quoting mjws00
Thanks for a great thread, Red.

Love trading PA, SR. The supply demand twist with Seiden's insight is very interesting. Looks to me like there is an interesting supply zone to be tagged soon. EURUSD 1d.

New to the supply and demand model, but it looks like fiber likes to punch through the entire zone then turn vs, retest. Headfake central on the 4hr plus time frames on all but the largest zones? The 1-15minute TF seem to provide much easier and consistent respect of the levels? Is this wrong on this pair?

Probably missing something but still...

Attached Image (click to enlarge)
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notice how prices fell hard with a very minor test - thats high supply

as prices approach this level it might spike it this time round and then drop - only PA can tell us that therefore using limits etc is not a good idea here as there is a level slightly higher that hasn't been tested


as far as tfs are concerned - PRICES CAN ONLY DROP AFTER BEARISH ENGUILFING OF SOME MANNER AND CAN ONLY RALLY AFTER BULLISH ENGUILFING OF SOME MANNER ( its the same for any pair ) .......... it can present itself on any tf, but scanning lower tfs can provide us insight and scalping entries if not a swing entry


..... and welcome
  • #6,549
  • Jan 23, 2011 2:47am Jan 23, 2011 2:47am
Quoting redsword11
Attachment



notice how prices fell hard with a very minor test - thats high supply

as prices approach this level it might spike it this time round and then drop - only PA can tell us that therefore using limits etc is not a good idea here as there is a level slightly higher that hasn't been tested


as far as tfs are concerned - PRICES CAN ONLY DROP AFTER BEARISH ENGUILFING OF SOME MANNER AND CAN ONLY RALLY AFTER BULLISH ENGUILFING OF SOME MANNER ( its the same for any pair ) .......... it can present itself on any tf, but scanning...

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another view


just a thought
  • #6,550
  • Jan 23, 2011 3:21am Jan 23, 2011 3:21am
Quoting redsword11
Attachment

Attachment

Attachment



test of dtl is not the trigger - make sure prices develop that price config ON the daily before you enter


http://i41.tinypic.com/2d0x7o8.gif


this is on the first page of the thread - thats what you are looking for ON THE DAILY, thats the config, notice gy turned on this config on the last drop......


other considerations - gy is a function of cable and uj


uj has a pole north - with flag south

cable has a possible range, topping out for drop


so, once...
Thanks RED, will wait for the 4hr to develop before placing the trade.
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  • #6,551
  • Jan 23, 2011 4:10am Jan 23, 2011 4:10am
Quoting honeybhi
Thanks RED, will wait for the 4hr to develop before placing the trade.


will monitor and take it with you, PA dependant
  • #6,552
  • Jan 23, 2011 5:06am Jan 23, 2011 5:06am
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  • #6,553
  • Jan 23, 2011 7:56am Jan 23, 2011 7:56am
I'm ready to get my head screwed on tight for this up coming week. I must of had an 'off' week last week because I couldn't nail anything...

Doesn't help when you constantly trade counter trend...

Let's get at it!!
  • #6,554
  • Jan 23, 2011 11:04am Jan 23, 2011 11:04am
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  • #6,555
  • Jan 23, 2011 11:16am Jan 23, 2011 11:16am
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to the exact pip .......
  • #6,556
  • Jan 23, 2011 3:54pm Jan 23, 2011 3:54pm
Quoting redsword11
Attachment

Attachment



to the exact pip .......
Great insight,
my two plain schemas for the coming week are:
1) EU will start with a minor correction to find liquidity pool below allowing for re-accumulation and taking-on 1.37 supply level.
In this scenario we should see retracement to 1.35-1.345 area with rebound taking-out 1.38 level.
2) EU will continue to 1.37 supply zone straight-away in pursuit of apprising actual balance between pools of supply and demand.
In this case it might be slightly more probable for 1.35 to be subsequently taken-out and for retracement to continue into 1.33-1.325 area, maybe even giving the rest of the week character of a correction.

I will use parts of those schemas that will actually fit the market.

Only should 1.325 be taken-out, I might start to consider that positions EU stormed might be lost. But that is only stated for full enumeration and I consider it highly, highly unprobable.
  • #6,557
  • Edited 4:14pm Jan 23, 2011 4:02pm | Edited 4:14pm
Ok,
so I sold the gap.
Hopefully all the way down to 1.35.

edit: added gap on Swissy as well.

edit2: if scenario 1 will materialize, ECHF might stay flat at the start of the week and then shoot way-up above 1.3070.
  • #6,558
  • Jan 23, 2011 9:34pm Jan 23, 2011 9:34pm
Quoting redsword11
Attachment



notice how prices fell hard with a very minor test - thats high supply

as prices approach this level it might spike it this time round and then drop - only PA can tell us that therefore using limits etc is not a good idea here as there is a level slightly higher that hasn't been tested


as far as tfs are concerned - PRICES CAN ONLY DROP AFTER BEARISH ENGUILFING OF SOME MANNER AND CAN ONLY RALLY AFTER BULLISH ENGUILFING OF SOME MANNER ( its the same for any pair ) .......... it can present itself on any tf, but scanning...

Attached Image (click to enlarge)
Click to Enlarge Name: eu s.jpg Size: 66 KB



prices have developed a bearish H&S @ zone
  • #6,559
  • Jan 23, 2011 9:41pm Jan 23, 2011 9:41pm
Quoting redsword11
Attachment


prices have developed a bearish H&S @ zone
Hey Red... what indicator do you have attached to your chart that is showing the candlesticks from the different time frames??

Pretty slick and I think I could find that useful...
  • #6,560
  • Jan 23, 2011 9:44pm Jan 23, 2011 9:44pm
Quoting redsword11
Attachment


stop should really go under the whole demand zone but l am heavy on this


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