Price is everything

Inspired by the great posts although it`s weekend... I currently have gbpjpy on my radar, attached weekly, 4hour and 30min.

We had a bearish engulfing weekly bar, then a subsequent move up, then 135.00 rejected.

Maybe a move down to the weekly pivot/median/ demand level, or even further, PA will tell us.

( I left the S/D zones out for a general overview. )

Everyone here in this great thread a relaxing weekend !




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michael

Gosh, this thread is becoming quite something. I am sure people involving themselves here are aware of it, feeling it in their bones, filled with the optimistic happiness of waking up every (fucking (that's for you Orb)) morning with a successful horizon laying ahead. And all this thanks to Red.

Keep it up.

DRAIN THE BANKS. (TRO)

Good evening/morning/night traders from London.

Bar Mizvah has been quite an experience here to be frank. I am extremely Drunk right now as i had about 17 Cosmopolitans, 2 gin tonics and 3 double vodka on the rocks.

Right before i left for london with my sis my PC crashed, the motherboard is stuck in an endless Reboot Cycle so i hope i can fix that error before i get back.

My sister was kind enough to lend me her macbook air over the weekend so this will have to do for now. Will have to install crossover/wine and let MT4 run somehow. Dukascopy fortunatey is running on a java plattform. A minor inconvenience..

Without trading a full day im still in the top 10 for the trading contest this month, i hope ill manage to finish within the Top 10. Im in a lovely little suburban place in Weybridge now, will be in london tommorow meeting up with some friends and potential business partners.

I've read through most of the charts. Im very critical of some of the charts posted now especially of eurusd. But i can see that some of you have entered some great trades during the NFP which in retrospect i probably wouldnt have entered, even the ones which had very clear supply and demand zones.

Quick comments:

EURUSD: NFP had as i said and predicted in the EURUSD thread a minimal effect on the euro since supply is still sitting at the top.

Check SDVSA's and my charts for the higher lying zones, those should be ideal to short. Unfortuntately ive moved from a "shorting is suicide" stance to a "Shorting now seems feasible to setup longterm positions" stance now. Ill be patiently awaiting priceaction to arrive to Martins (SDVSA's) and my zones before placing numerous Minilot positions to average in. There will be about 10-15 entried.

GBPNZD: Emene had great chart. Spread is IRRELEVANT since the zones are so wide apart, you need to be willing to risk 40-50 pips to make about 400 on trades like these so your stop need to be wide, the best indicator here is to watch what EURNZD and NZDUSD are doing.

I would love to present charts to you but im really fucking drunk right now so ill do that from london tommorow.

GBPUSD: This one is a tough one, id probably wait for it to stabilize in a mini demand zone and target 1.64-66 be cautious tough that 1.64 historically has a shitton of sellers. This will be very unstable to trade.

AUDUSD: Im surprised this went down as far as it did, to me personally if kiwi is able to keep an upwards momentum (correlation with gbpnzd short) i will be setting up 70-80 pip positions on sunday/monday.

EURJPY: This one is weird, i use it as a leading indicator sometimes but staying away aswell.

OIL And Gas Futures is goign to show a lot of action nextweek so this is going to be scalpers paradise, if the USD keeps on declinign this is goign to go up, especialy since production rates should rise given the fact that libya hasnt stabilized yet.

Same as for the other pairs ill try provide chart tommorow once i get MT4 installed on this fucking macbook air.

Oil Futures: Weekly and Daily momentum remains Downwards, in a couple of days/weeks this should present itself with an immense 1000 Pips momentum upwards, its at a 12 month low or so right now but contracts are taking hits (google bloomberg natural gas fututres)

As i can see a lot of people have become very active in here and it gives me great pleasure to see so many talented traders becoming active. Since there usually are only about 4-5 people on FF whos oppinion i really give a shit about its nice to see people trading different instruments here.

I hope to see more GBPJPY, Futures and Less traded currency analysis in here. Keep up the good work and remember, you cant win every trade, but if you guys trade the way you post and analyse your charts, you belong to the 5-10% in Forex/futures who arent loosing money or bleeding money! So dont get cocky and arrogant, remain calm and RATIONAL, take the easy trades, and keep this thread running like a well oiled machine.

I need to sleep through my hangover right now, expect charts tommorow once i start getting MT4 running on the macbook.

BTW: If anyone has experience in getting MT4 running on a mac please message me privately, help would be greatly appreciated.

Good night and see you all tommorow.

Alexander

P.S: Really watch out for the euro, its best to stay away from it unless your stops are wide because there is going to be some heavy fuckign manipulation in it next week. 15M and 5M Demand supply zones will help but remember as Red and Sam seiden taught us: In a Downtrend demand zones are worthless mostly, and in an uptrend supply zones become worthless mostly. Find out the trend, trade the small frames.

P.P.S: Fuck im drunk, Good night!

GBPUSD

hidden in plain or simply in plain view

Here's a follow up to my long term levels I posted here the other day. The first chart shows EU breaking major 4h supply (blue). That level might be a good place to look for a long.

Next is a daily chart with red daily levels.

The third chart is a circled 4h supply level that I wanted to highlight.

Edit: the third chart is scrolled back and zoomed in so you can see the next major (4h) level below the major daily supply level

GBPJPY

hi A.price reach supply zone and reached fib extension 61.8.also dragon had rejection at this zone.i expect a retracement to demand zone.my english not good.happy trading

Hello Red, Thank you for this thread.
When you say that a clean break implies high supply level are you saying that this will possibly be a strong resistance level?
Thanks
Chris

"Fuck the charts, I will make my own charts.... they don't mean shit!"

You got to understand that nothing is for certain in any market. All you can do is look for high probability setups and ensure you keep your risks to a minimum. This area has been identified by several traders as a high probability area of resistance where price is likely to turn. If the market tells us otherwise, accept defeat gracefully and move on to the next setup!

same chart slight change

Enjoy.

NZDUSD

NZD/USD chart look good for bull..we r right now at demand zone but this is not a fresh level so lets wait for confirmation..


Thanks

Sitting in the hotel bar restaurant, ready for gap trading:

Will take EURUSD and GBPUSD gaps, will also take the AUDUSD GAPS, 25 pip stops on each of those trades although manual risk management will play a role.

Cheers.

Eu looking bullish, reds zone is interessting but there is super strong demand
in the pink box, hoping for a gap into demand then a bullish surge up, first strong supply should be encountered above 1.40, several supply zones sitting above us, but they are old

EDIT:

Dukascopy has different 4hour candles but the point remains the same:



See the red lines, the current price reacted on the clusters to the left.

Wait and see

<3

Draining the banks from a fucking laptop in a fucking hotel while drinking fucking amaretto sours

Thats for you Michael

Btw i am waiting for kiwi to turn, im very likely to enter the same position as you on gbpnzd, watching charts now

Kiwi limit order placed 0.73425, Stops below the pin at 73285 and about 80 pips TP set.

Its a basic fire and forget order, worst case szenario my SL was too tight. Worth the risk though IMO.

EuroUSD small short placed at 3996 right now.

Ill go to bed, have a plane to catch in 12 hours and i want to sleep for at least 8 of them. See you in the evening guys

many traders chat about shakeouts - what what does it look like and what does it mean?

above is a classic view - see the wicks in both directions - put yourself in a long or short anywhere within that price structure - your breakevens will not live through PA - thats a shake out. However, it makes for scalping in both directions and shake outs are usually range bound to some degree


as it appears - we have comsumption and rejection - will resolve soon, buys are lower risk than sells




shake out zones below




so, what does it mean, shake out? The market doesn't want you to profit, so it will take out in both directions before momentum begins, usually a trend change occurs when this type of PA occurs, so within the PA itself - its a leading indicator for change

seems to respect its 78.6 for turning