Price is everything | Page 468 | Forex Factory

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Price is everything

  • #9,341
  • Feb 17, 2011 6:43am Feb 17, 2011 6:43am
Quoting Orbital
im out +4 possibly wrong about this trade
Should have kept that trade open much longer... fear is bad....
  • #9,342
  • Feb 17, 2011 6:44am Feb 17, 2011 6:44am
EUR/USD 5min compression to supply level.
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  • #9,343
  • Feb 17, 2011 7:09am Feb 17, 2011 7:09am
Red, could you tell me if you use only 1 tf to find levels and and watch pa for entries? What is happening to me is that when I change tf (I mean look for levels in 1 hour chart and go to smaller to find entries) is that I have to enter 2 o 3 times sometimes to get the move I want.
  • #9,344
  • Feb 17, 2011 7:13am Feb 17, 2011 7:13am
GBP/CAd 15Min

Is it a funnel, a tuning fork or a wish bone.

Looks pretty symetrical.
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  • #9,345
  • Feb 17, 2011 7:29am Feb 17, 2011 7:29am
Quoting willi9723
Red, could you tell me if you use only 1 tf to find levels and and watch pa for entries? What is happening to me is that when I change tf (I mean look for levels in 1 hour chart and go to smaller to find entries) is that I have to enter 2 o 3 times sometimes to get the move I want.
Red uses multiple timeframes, i know he uses 5M PA for entries and 15M to find the most significant Supply/demand levels.

I can recommend to you going on 1/4 hour and check large candles were big moves or breakouts happened, and then zoom into 15M to pinpoint the exact positions.

If your entries suck its most likely because youre reading the price action wrong.
  • #9,346
  • Feb 17, 2011 7:37am Feb 17, 2011 7:37am
amen
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TRUST THE PROCESS !
  • #9,347
  • Feb 17, 2011 7:41am Feb 17, 2011 7:41am
Quoting Orbital
Red uses multiple timeframes, i know he uses 5M PA for entries and 15M to find the most significant Supply/demand levels.

I can recommend to you going on 1/4 hour and check large candles were big moves or breakouts happened, and then zoom into 15M to pinpoint the exact positions.

If your entries suck its most likely because youre reading the price action wrong.
when you say "zoom into 15M to pinpoint the exact positions." you mean to find the origin of the move or to find the way to get in? (sorry but English is not my first language)
  • #9,348
  • Feb 17, 2011 7:51am Feb 17, 2011 7:51am
Short 36018
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  • #9,349
  • Feb 17, 2011 7:56am Feb 17, 2011 7:56am
1hr
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  • #9,350
  • Feb 17, 2011 8:01am Feb 17, 2011 8:01am
Quoting Orbital
Short 36018Attachment
I agree with the scalp if is intraday (i guess is based on 15min) but I am on the other side of the play from the morning (1.3544) aiming 1.364x.

Good luck mate, IMO, price may have a very hard time reaching on the targets of your charts if it doesn't do it with London close..

We'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #9,351
  • Feb 17, 2011 8:06am Feb 17, 2011 8:06am
Quoting sisse
I agree with the scalp if is intraday (i guess is based on 15min) but I am on the other side of the play from the morning (1.3544) aiming 1.364x.

Good luck mate, IMO, price may have a very hard time reaching on the targets of your charts if it doesn't do it with London close..

We'll see

sisse
I can see where your trade is coming from. I switched positions several times today. I favour longs but im not willing to ignore this PA for now. ill decide on the next couple of candles if ill bail or take a hit.
  • #9,352
  • Feb 17, 2011 8:11am Feb 17, 2011 8:11am
Quoting willi9723
when you say "zoom into 15M to pinpoint the exact positions." you mean to find the origin of the move or to find the way to get in? (sorry but English is not my first language)


lets say there is a demand zone on 4hr, l investigate it by switching to lower tfs for a closer look into the details of that zone will give you an example. It just so happens that l recognised a familiar breakout pattern on the 15 min but it could have been on the 30 or hourly


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identified on 4hr, now investigate it

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15 min shows the BREAKOUT configuration best therefore it the best guide to use, entry based on any tf you see bullish enguilfing


l have explained WHY its demand on the 15 min
  • #9,353
  • Feb 17, 2011 8:14am Feb 17, 2011 8:14am
Quoting honeybhi
1hr


....... and where have you been hiding huh?
  • #9,354
  • Feb 17, 2011 8:15am Feb 17, 2011 8:15am
Quoting redsword11
lets say there is a demand zone on 4hr, l investigate it by switching to lower tfs for a closer look into the details of that zone will give you an example. It just so happens that l recognised a familiar breakout pattern on the 15 min but it could have been on the 30 or hourly


Attachment


identified on 4hr, now investigate it

Attachment


15 min shows the BREAKOUT configuration best therefore it the best guide to use, entry based on any tf you see bullish enguilfing


l have explained WHY its demand...
Thanks Red, clear now
  • #9,355
  • Feb 17, 2011 8:20am Feb 17, 2011 8:20am
Quoting redsword11
....... and where have you been hiding huh?
Been busy with college and stuff bro.

But always watching the action from background .
  • #9,356
  • Feb 17, 2011 8:20am Feb 17, 2011 8:20am
Quoting redsword11
lets say there is a demand zone on 4hr, l investigate it by switching to lower tfs for a closer look into the details of that zone will give you an example. It just so happens that l recognised a familiar breakout pattern on the 15 min but it could have been on the 30 or hourly


Attachment


identified on 4hr, now investigate it

Attachment


15 min shows the BREAKOUT configuration best therefore it the best guide to use, entry based on any tf you see bullish enguilfing


l have explained WHY its demand on the...



Red,

Am I right in thinking you are marking up with the white boxes the pattern on the 4 hr so that over time you can quickly glance to see if the current level is near a previous recognised pattern.

... or do you mark up charts on all time frames.
  • #9,357
  • Feb 17, 2011 8:24am Feb 17, 2011 8:24am
Quoting surewin888
that's what i thought also...Just like another opinions...

cheers...

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intraday level approach
  • #9,358
  • Feb 17, 2011 8:24am Feb 17, 2011 8:24am
Quoting Decimal
Red,

Am I right in thinking you are marking up with the white boxes the pattern on the 4 hr so that over time you can quickly glance to see if the current level is near a previous recognised pattern.

... or do you mark up charts on all time frames.


yes, just mark up all important areas with whatever means you prefer, and l have hundreds of voice alerts set too, fcuking drives me crazy at times but it works
  • #9,359
  • Feb 17, 2011 8:29am Feb 17, 2011 8:29am
Quoting honeybhi
Been busy with college and stuff bro.

But always watching the action from background .

its always good to see you here
  • #9,360
  • Feb 17, 2011 8:42am Feb 17, 2011 8:42am
bought usddkk
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