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Price is everything

  • #13,041
  • Mar 20, 2011 11:26am Mar 20, 2011 11:26am
Thanks.

Quoting redsword11
http://gicharts.blogspot.com/2011/03...ar-eurchf.html
Hello.
  • #13,042
  • Mar 20, 2011 12:09pm Mar 20, 2011 12:09pm
Quoting Venice
Trader. There are many demand and supply zones all over the chart. You need to pick out the significant ones. Price is never guaranteed to hold at a demand zone. But you will almost always get a bounce. Sometimes those bounces turn into reversals, other times they don't.

This is why trading is crucial to constantly react to price action and let it lead the way. It tells you what it wants to do (most of the time). You simply just follow.

For my trading style, I actually have a less risky setup. I wait for price to bounce at supply demand level,...
Venice, thank you for taking the time to post.

"There are many demand and supply zones all over the chart. You need to pick out the significant ones." That's what I was asking, Red. His top demand zone did not fit his definition, IMHO.
  • #13,043
  • Mar 20, 2011 12:24pm Mar 20, 2011 12:24pm
Quoting tjfxtrader
Venice, thank you for taking the time to post.

"There are many demand and supply zones all over the chart. You need to pick out the significant ones." That's what I was asking, Red. His top demand zone did not fit his definition, IMHO.

Attached Image (click to enlarge)
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......... the demand zones you are refering to are possible tgs for the sell, nothing to do with the compression towards supply zone to sell



now l am seeing red - lack of attention to whats is begin discussed and posted
  • #13,044
  • Mar 20, 2011 12:42pm Mar 20, 2011 12:42pm
Quoting tjfxtrader
His top demand zone did not fit his definition, IMHO.
I've observed lately that you're quite confrontational. We try to keep everything smooth in here. All the explanations are clear, and if not the last one, there are 869 pages of them. So I guess you just need to dig a bit deeper to find your anwers, really.

Do not take it the wrong way, I am trying to help here, not to bash. Just try a bit harder.
Hello.
  • #13,045
  • Mar 20, 2011 1:13pm Mar 20, 2011 1:13pm
Quoting tjfxtrader
Yes, I have taken the time to read and watch. My question was for clarification.
I can see your good intention. The learning curve is steep and the speed to understanding the method laid out is different for everybody.

Let me tell me something : stick around, study it and and I won't regret it.

Good luck!
  • #13,046
  • Mar 20, 2011 1:24pm Mar 20, 2011 1:24pm
Quoting redsword11
...........right, lets put an end to whats compression ( otherwise known as a finishing triangle )...


after all these charts and indepth explanations to every part of the PA - how the fcuk can any trader mistake wtfx we are discussing .......... huh?



compression towards supply - what is looks like, why prices behave in the manner they do, why prices turn in the manner they do and so on - all explained and then ............ what happens, questions regarding demand zones that have nothing to do with the discussion ........... fcuk me


............. lost the will to live, fcuk it
  • #13,047
  • Mar 20, 2011 1:53pm Mar 20, 2011 1:53pm
Quoting redsword11
after all these charts and indepth explanations to every part of the PA - how the fcuk can any trader mistake wtfx we are discussing .......... huh?



compression towards supply - what is looks like, why prices behave in the manner they do, why prices turn in the manner they do and so on - all explained and then ............ what happens, questions regarding demand zones that have nothing to do with the discussion ........... fcuk me


............. lost the will to live, fcuk it
Red, contrary to what others say, my intention is not to be confrontational.

This entire thread is based on supply/demand, is it not? Isn't everything in here based on supply/demand. You posted a definition and when it was applied to your annotated chart, the demand zone, IMO, did not fit with the definition. If my question was outside the box of your intended discussion, that doesn't mean it is off topic as far as this thread is concerned.

I read that single post of yours over a dozen times before I asked my questions. I believe I made a valid observation and was simply asking for clarification. I would think a trader, such as yourself, would have thicker skin. My posts have been about the subject matter not the poster and should not be construed as libel.
  • #13,048
  • Mar 20, 2011 1:56pm Mar 20, 2011 1:56pm
Quoting redsword11
Attachment



......... the demand zones you are refering to are possible tgs for the sell, nothing to do with the compression towards supply zone to sell



now l am seeing red - lack of attention to whats is begin discussed and posted
Had those zones been labeled "targets for sell" rather than "demand", I would not have asked the question.
  • #13,049
  • Mar 20, 2011 2:39pm Mar 20, 2011 2:39pm
Quoting tjfxtrader
Had those zones been labeled "targets for sell" rather than "demand", I would not have asked the question.
Tjfx,

The issue here is (and this is also the reason why some of us are blowing up right now) is that it seems you are not paying close attention to the charts.

You are missunderstanding or simply not getting what we are talking about even though it has been expressed in excruciating detail.

You asked about compression and what was meant by pockets of demand being consumed to clear the path down.

The POCKETS OF DEMAND, are WITHIN the COMPRESSED zone. Those S/D zones you marked lower are just target zones.

When dealing with Compression leading into a supply zone you need to watch the small zones of demand being cleared to know when a drop is going to occur. Once you see those spikes its an indication that the smaller pockets/zones of demand INSIDE the COMPRESSION are being CLEARED.

Once they have been CLEARED and taken out there is nothing holding a bear engulfing dropping.

The problem of what youre not getting is youre mixing up general supply demand trading with the Compression technique itself.

You NEED to go over the past 800 pages and look at the charts posted, then look at reds explanation of compression just now and THINK for yourself, go over charts and try to find compressions and subsequent drops occuring. There is no other way to learn this.

We can not take you by the hand and guide you through this, we can only show you the door, you need to open that yourself.

So please do that because some people have begun to become really upset about you asking questions which have been answered several times before.

If you still do NOT get it, please PM me instead of writing in this thread and i will try to help you understand it further.

Trading session beginns in 20 minutes. So its back to the rythm of this thread.

Keep this thread clean, Charts not Chats, Quality over quantity.

Kind regards,
Alexander


If this was too long and you didnt read it:

THE POCKETS OF DEMAND WERE WITHIN THE COMPRESSION, THE DEMAND ZONES BELOW THE COMPRESSION HAVE NOTHING TO DO WITH THIS DISCUSSION.

Kthx
  • #13,050
  • Mar 20, 2011 2:47pm Mar 20, 2011 2:47pm
OK, I'm sorry if I hurt your feelings. It's just that the time that Red spends every day to explain what he does, whereas he does not have to, is pretty important. Everything he does is well explained and does not really calls for more explanation. Compression has been discussed again and again and again and again. And your question comes from the fact that you do not understand compression, OR supply and demand levels. The fact that there is demand consumed while going up is to prepare the ground for bears, so that they can move quicker on the downside, without any friction. It's not the same as demand areas at important zones, which are obviously where you want to be a buyer. The CAD CHF chart says it all. You can see buyers at almost every demand level while going down, except the first one, cause the price is too expensive to be a buyer.

Let's trade now.
Hello.
  • #13,051
  • Mar 20, 2011 3:07pm Mar 20, 2011 3:07pm
Long EJ closed +35. It was a stupid long actually, put in the good spot, but bad timing, as I did not realize my brok er would close the door ten seconds later on Friday. I was lucky. Lesson to remember.

Quoting emene
Maybe this can give you the answer to your question ?
Hello.
  • #13,052
  • Mar 20, 2011 6:04pm Mar 20, 2011 6:04pm
gold @ supply
  • #13,053
  • Mar 20, 2011 6:14pm Mar 20, 2011 6:14pm
bought eu @ 1,41664 stops @ 1.41515
  • #13,054
  • Mar 20, 2011 6:18pm Mar 20, 2011 6:18pm
Quoting redsword11
bought eu @ 1,41664 stops @ 1.41515
On board with the Aussie myself.

Keep eating away at that supply.
  • #13,055
  • Mar 20, 2011 6:22pm Mar 20, 2011 6:22pm
Quoting Venice
On board with the Aussie myself.

Keep eating away at that supply.
LOLOL... markets are random my ass.

Two completely different traders seen the exact same setup on two different currencies.
  • #13,056
  • Mar 20, 2011 6:25pm Mar 20, 2011 6:25pm
Quoting redsword11
bought eu @ 1,41664 stops @ 1.41515
Late entry, i took it earlier but scalped out at +8
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 32 KB


EDIT:
Was actually hoping for a drop lower but took the risk
  • #13,057
  • Mar 20, 2011 6:25pm Mar 20, 2011 6:25pm
Quoting redsword11
bought eu @ 1,41664 stops @ 1.41515

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



bought cable @ 1.62118
  • #13,058
  • Mar 20, 2011 6:27pm Mar 20, 2011 6:27pm
Hard to say if its at supply:

Definitely not taking any shorts, too risky imo this might blow up.

Attached Image (click to enlarge)
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  • #13,059
  • Mar 20, 2011 6:27pm Mar 20, 2011 6:27pm
Let's see how the aussie reacts at the top of the 5m range. Cleared 2 supply zones so far.
  • #13,060
  • Mar 20, 2011 6:30pm Mar 20, 2011 6:30pm
Ah, just noticed swissy just got done compressing and follow through. Nice. Would have been a quick and dirty play.
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