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Price is everything

  • #13,001
  • Mar 19, 2011 12:11am Mar 19, 2011 12:11am
Quoting emene
Myself, I like to enter big bold candles in their faces to the pip, so I often pay the price for this.
Hi emene,

Can you elaborate more on this comment? --- "Myself, I like to enter big bold candles in their faces to the pip, so I often pay the price for this."

My trigger for going long at support/demand would be a high close doji, or higher close above a hammer or whatever... At resistance/supply I would look for a low close doji or close below a tombstone doji hammer or whatever. I guess that would be waiting for confirmation.

I would like to know how you enter in a "big bold candle", and what that means. If you have a chart of that, I would love to see it. Much respect to you and the other traders in this thread. Straight up no bullshit traders here. I like that.
  • #13,002
  • Mar 19, 2011 1:43am Mar 19, 2011 1:43am
Quoting Dishwasher
Hi emene,

Can you elaborate more on this comment? --- "Myself, I like to enter big bold candles in their faces to the pip, so I often pay the price for this."

My trigger for going long at support/demand would be a high close doji, or higher close above a hammer or whatever... At resistance/supply I would look for a low close doji or close below a tombstone doji hammer or whatever. I guess that would be waiting for confirmation.

I would like to know how you enter in a "big bold candle", and what that means. If you have a chart of that, I would...
It basically means if i understand michael correctly and im pretty sure i do since our trading styles are similiar. Its that he is taking a higher risk by not waiting for PA to confirm and taking the second bounce after a big engulfing candle into either supply or demand. Ill show you a couple of pictures about this later.

He was basically responding to my question which was implying him taking a risk near a demand area because he was shorting of his trendlines (something which michael quite frankly is very very good at), read through the dialog and look at the pictures you will understand it, ill show you in a couple of mins or hours what michael meant by taking a PA trade from an engulfing bar into demand or supply.
  • #13,003
  • Edited 3:19am Mar 19, 2011 1:47am | Edited 3:19am
Its that time of the week again. Analysis for EU, rest to follow, please take under consideration that i only scalp and rarely enter longer trades, with this and last week being somewhat of exceptions due to the circumstances globally.

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EDIT:

For those of you who like harmonics and confluences:

Theres a lot of shit going on, which is why i signaled that blue zone to be so critical. Fib retracements/extensions, ABCD Pattern lining up almost perfectly, supply zone and some other funky stuff. Don't care much for it but it is interessting to note.

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  • #13,004
  • Mar 19, 2011 6:02am Mar 19, 2011 6:02am
Quoting redsword11
Attachment



........... geometry



jlako tech
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  • #13,005
  • Mar 19, 2011 6:08am Mar 19, 2011 6:08am
Quoting redsword11
Attachment


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THE LEFT



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....... THE RIGHT



its taken out the low, but just under the low of the previous rally is a zone, this is a trap - further PA will tell, but l would say, dx spikes the zone, rejection and off north. It might visit the source of the inverting bull ( refer to left chart ) and then off. But we don't guess as PA traders, we simply take it as it develops. Just to be mindfold of this level as its got good structure and clean PA from the past


........ and it does appear you traders are playing with the market rather than the market playing with you. We will be legendary in FF





RED ARMY
  • #13,006
  • Mar 19, 2011 7:09am Mar 19, 2011 7:09am
Quoting dragan53
price is not evrything~!

wasn't going to comment but .......


SUCH A FCUKING PETTY REMARK


whats more important is the content of the thread, many traders have improved their trading dramatically due to this method - ask them ........


and if you don't like the title - fcuk off
  • #13,007
  • Mar 19, 2011 7:41am Mar 19, 2011 7:41am
Quoting redsword11
Attachment

THE LEFT



Attachment


....... THE RIGHT



its taken out the low, but just under the low of the previous rally is a zone, this is a trap - further PA will tell, but l would say, dx spikes the zone, rejection and off north. It might visit the source of the inverting bull ( refer to left chart ) and then off. But we don't guess as PA traders, we simply take it as it develops. Just to be mindfold of this level as its got good structure and clean PA from the past


........ and it does appear you traders are...
This thread is beautiful...i'd like to join up....such a novice i'll just carry on reading for now.
Thank you....to all of you. .
All systems of divination, like music itself,work through patterns.
  • #13,008
  • Mar 19, 2011 7:56am Mar 19, 2011 7:56am
Agree with Kas above,this is the only thread worth reading on FF...

I keep re-reading & learning a bit more each time, hopefully post something useful one day...
hawki
  • #13,009
  • Mar 19, 2011 8:43am Mar 19, 2011 8:43am
...........right, lets put an end to whats compression ( otherwise known as a finishing triangle ) and what not compression. Noticed some confusing comments and charts lately with regards to compression. So, below is an entry from the past to clearly identify the PA




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firstly, we look left and notice a supply zone - supply zone identifed simply by noticing prices fell hard from there before, therefore sellers exceed buyers. Now we wait for PRICE ARRIVAL


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.......... ok, now price arrival to zone. But notice the manner in which it approaches - its spiking south WHILST RISING .......... what does this mean?


Rising to find supply, spiking south is doing several things @ the same time. Prices are finding small pockets of demand and testing them to rise to supply. So, as its spiking south its also consuming those small pockets of demand therefore the path south is begin cleared of demand @ the same time!


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PA watch and entry, ok now look @ the result. Notice how the bears that dropped through the compressed zone are large and clean suggesting no demand or resistance, reason? - the demand was already consumed by the SPIKING SOUTH ON APPROACH TO SUPPLY ZONE ............. this is why l have stated often - PRICES THINK AHEAD OF TIME, prices already decided to turn because prices cleared the zone of demand by spiking south before they reached supply clearing the path south for the bears........... so there it is


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another example - some of you have been confusing flags for compression. Why does a BULLFLAG DIP? Its dipping to consume sellers @ a given level, once the sellers have been consumed, the flag is complete and prices can advance - no mystery. Then prices leave the flag to advance, then once prices reached supply, the approach to the zone there was compression, so l sold it


no mystery, nothing random whatsoever
  • #13,010
  • Mar 19, 2011 8:59am Mar 19, 2011 8:59am
Quoting Orbital
so you bought?

EDIT: and im asking because its usually quite unclear from your charts where youre entering positions, did you disable the charts to show your buying positions?
My trades are not placed with MT4.
  • #13,011
  • Mar 19, 2011 9:13am Mar 19, 2011 9:13am
Quoting redsword11
...........right, lets put an end to whats compression ( otherwise known as a finishing triangle )...
Red...i'm in love. Re-papering the walls as i speak.
All systems of divination, like music itself,work through patterns.
  • #13,012
  • Mar 19, 2011 9:17am Mar 19, 2011 9:17am
Quoting redsword11
...........right, lets put an end to whats compression ( otherwise known as a finishing triangle )...

bookmarked.take note guys
Gold Expedition Return This Year: -16.4%
  • #13,013
  • Mar 19, 2011 10:37am Mar 19, 2011 10:37am
Quoting redsword11
Rising to find supply

dipping to consume sellers
Nice post(s)!

Great, practical descriptions of how to view and follow the markets as they trade along. Real-time. Not just useless hindsight like most. Learning to read what the market is saying by the information that it's generating.

One damn nice thread out of a hundred shitty, worthless ones! Thanks!
  • #13,014
  • Mar 19, 2011 11:06am Mar 19, 2011 11:06am
Quoting redsword11
Attachment



your view is also valid and so is this on 5min


ANY PAIR ANY TF - POLES AND FLAGS

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@ first sight the pole was south - it went south to demand zone. Then we get a flag rising from demand but it gathers momentum and breaks the pole north ........... this is precisely the reason l trade flags - l took the eu flag instead of cable when this happened


...... trading the flag, it often breaks the pole although my tgs are placed near the high of pole as you don't know its going to break the pole until after the event, but here is an example of a common trap played by price




so, when what appears to be a flag, ie lower momentum than the pole and then the flag gathers momentum - there is a trap in play and a momentum switch
  • #13,015
  • Mar 19, 2011 12:51pm Mar 19, 2011 12:51pm
Quoting redsword11
Attachment

THE LEFT



Attachment


....... THE RIGHT



its taken out the low, but just under the low of the previous rally is a zone, this is a trap - further PA will tell, but l would say, dx spikes the zone, rejection and off north. It might visit the source of the inverting bull ( refer to left chart ) and then off. But we don't guess as PA traders, we simply take it as it develops. Just to be mindfold of this level as its got good structure and clean PA from the past


........ and it does appear you traders are...

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...... price structure - instutional orderflow can be hidden on a chart



there a many other confluences that suggest a market swing this coming week


.......... we will take it as it develops
  • #13,016
  • Mar 19, 2011 1:44pm Mar 19, 2011 1:44pm
Buy the breakout or be patient ?

The News : novice trap number 1
"Some traders actually never pay attention to the news as they figure that price will tell them all they need to know about the next low risk setup." Haha, I know someone like that !
Hello.
  • #13,017
  • Mar 19, 2011 2:26pm Mar 19, 2011 2:26pm
The TL often acts like a magnet.
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Hello.
  • #13,018
  • Mar 19, 2011 2:56pm Mar 19, 2011 2:56pm
EURUSD - Weekly

Quoting emene
The TL often acts like a magnet.
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  • #13,019
  • Mar 19, 2011 3:39pm Mar 19, 2011 3:39pm
Quoting anthoniex
EURUSD - Weekly




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  • #13,020
  • Mar 19, 2011 7:07pm Mar 19, 2011 7:07pm
Red:

You posted:

"Rising to find supply, spiking south is doing several things @ the same time. Prices are finding small pockets of demand and testing them to rise to supply. So, as its spiking south its also consuming those small pockets of demand therefore the path south is begin cleared of demand @ the same time!"

What does "testing them to rise to supply" mean? I understood everything else you posted.

Thank you.
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