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Price is everything

  • #14,301
  • Apr 2, 2011 2:36pm Apr 2, 2011 2:36pm
Quoting atton
Hi. Guys what do you think about selling ? It is the gbp/cad. Please correct me if my analysis is wrong

Attachment

hello trader


l would consider buying this only as l did eurcad on friday, GBPCAD is low in demand across multiple TFS, your supply zones marked are fine for PA watch, but l would only consider buying and not selling into demand
  • #14,302
  • Apr 2, 2011 2:43pm Apr 2, 2011 2:43pm
Quoting redsword11
hello trader


l would consider buying this only as l did eurcad on friday, GBPCAD is low in demand across multiple TFS, your supply zones marked are fine for PA watch, but l would only consider buying and not selling into demand

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  • #14,303
  • Apr 2, 2011 3:48pm Apr 2, 2011 3:48pm
Quick fix Red...

Set this guy to ignore, and go into thread tools, check the box....

There are plenty of threads that aren't moderated, we can keep this place clean...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,304
  • Apr 2, 2011 3:49pm Apr 2, 2011 3:49pm
Quoting anthoniex
Very nice

Median Line/ Andrew's PitchForks are indeed very subjective and very hard to trade with. Even though Allan Andrew, the initiator, made over 50 mil bucks trading with it....

Without knowing where the buyers/demand and sellers/supply also Support and Resistance (PIVOTS), trading with forks only gave me a lot of frustration. Now I know where I should've started....
Agree, they are very subjective and hard to trade. When you get gaps in and out of forks it seems like you have a pretty solid formation though.

The supply and demand zones (and whole way of thinking about the market) Red and Sam Seiden teach are freaking awesome. Most of the other stuff I use (pivots, fibs, gann, ewt, forks and trendlines etc), I am now finding myself using it all as confluence to the supply and demand zones. Entering trades only if we are in a supply or demand zone, the rest is all confluence.

On the subject of median lines and pivots... I'm not a fan of moving averages, but I do use a pivot point moving average. If I miss a move (bullish engulfing any time frame), I sometimes enter the trade if it retraces back to the H+L+C/3 - 3 or 5 period moving average. I also sometimes set stops below or above them if I'm manually trailing a position.
  • #14,305
  • Apr 2, 2011 4:07pm Apr 2, 2011 4:07pm
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just a snap shot - few hours trading from one account


lets see what this trader did in those hours .........
  • #14,306
  • Apr 2, 2011 4:29pm Apr 2, 2011 4:29pm
Quoting Magix
agree!

This thread is getting more beautiful by the minute. Chart to follow.
All systems of divination, like music itself,work through patterns.
  • #14,307
  • Apr 2, 2011 4:45pm Apr 2, 2011 4:45pm
Quoting redsword11
Attachment



just a snap shot - few hours trading from one account


lets see what this trader did in those hours .........
Hey RED,
You don't have to show up you blotter.You've opened this thread 10 April 2010 so almost 1 year and you are still here and with live trades and always help to anothers guys.
You are legend Sir.I don't know any trader who can do something what you are doing here.You are rock and machine and all those big bosses of huge famous threads on FF should come here and look how should look real thread and I am sure many of them are here and watching you.You are slowly killing all after action threads).You must be big hadache for those threads)
a few more pages and will be 1000pgs. RED and army victory.
You start alone and you have now army .
Big respect to you and red army!!!

FX
  • #14,308
  • Apr 2, 2011 4:47pm Apr 2, 2011 4:47pm
edit: bearish div on RSI

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  • #14,309
  • Apr 2, 2011 4:52pm Apr 2, 2011 4:52pm
Just got my charts back after 48 hrs. Probably obvious to all...what i'm seeing with supply.
Only checking a chart through.
Sorry wrong chart...but its workng
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All systems of divination, like music itself,work through patterns.
  • #14,310
  • Apr 2, 2011 4:53pm Apr 2, 2011 4:53pm
Quoting Fxfighter
Hey RED,
You don't have to show up you blotter.You've opened this thread 10 April 2010 so almost 1 year and you are still here and with live trades and always help to anothers guys.
You are legend Sir.I don't know any trader who can do something what you are doing here.You are rock and machine and all those big bosses of huge famous threads on FF should come here and look how should look real thread and I am sure many of them are here and watching you.You are slowly killing all after action threads).You must be big hadache...


when it happens - will be here with you

friends and traders


you have been with me from the very early days FX
  • #14,311
  • Apr 2, 2011 5:02pm Apr 2, 2011 5:02pm
1 million hits approaching


.......... because we read the market - from nothing to this, yeah - its all hindsight



losers think this way - complete utter loser, nothing to show, not a patch on us here - couldn't lace a kids shoes in fx
  • #14,312
  • Apr 2, 2011 5:12pm Apr 2, 2011 5:12pm
Quoting redsword11
hello trader


l would consider buying this only as l did eurcad on friday, GBPCAD is low in demand across multiple TFS, your supply zones marked are fine for PA watch, but l would only consider buying and not selling into demand
Hi Red. Thanks for the response So we look on the higher TFs to determine what we should look for on smaller tfs - selling or buying ?

I hope you don't mind if i start posting my charts here.

Have a good night all
  • #14,313
  • Apr 2, 2011 5:18pm Apr 2, 2011 5:18pm
Quoting atton
Hi Red. Thanks for the response So we look on the higher TFs to determine what we should look for on smaller tfs - selling or buying ?

I hope you don't mind if i start posting my charts here.

Have a good night all

you have as much right to post here as anyone including me - just because l started the thread means nothing, most welcome here trader - and you recognise whats real and what not


ok, this gbpcad isn't an easy animal to deal with, l will monitor entries with you in the coming weeks


l prefer buys as l have stated earlier
  • #14,314
  • Apr 2, 2011 5:37pm Apr 2, 2011 5:37pm
Quoting redsword11
you have as much right to post here as anyone including me - just because l started the thread means nothing, most welcome here trader - and you recognise whats real and what not


ok, this gbpcad isn't an easy animal to deal with, l will monitor entries with you in the coming weeks


l prefer buys as l have stated earlier
  • #14,315
  • Apr 2, 2011 8:57pm Apr 2, 2011 8:57pm
Hi everybody,
Thank you for an awesome thread. I am a really new trader. I have been trading live for just over a month now. I have read through the recommended XL articles and also watched some videos on supply and demand zones. Also in the process of reading through this thread. If I may ask a quick question...looking at E/U chart, it seems that it has reached a supply zone. But it is in a uptrend. Should I be only looking for buying opportunity in an uptrend? Thank you all again.
http://i1112.photobucket.com/albums/...ous/chart1.gif
  • #14,316
  • Apr 2, 2011 9:12pm Apr 2, 2011 9:12pm
Quoting iferdous
Hi everybody,
Thank you for an awesome thread. I am a really new trader. I have been trading live for just over a month now. I have read through the recommended XL articles and also watched some videos on supply and demand zones. Also in the process of reading through this thread. If I may ask a quick question...looking at E/U chart, it seems that it has reached a supply zone. But it is in a uptrend. Should I be only looking for buying opportunity in an uptrend?...


we will buy lower - no selling


before any trend changes from an uptrend to a down trend it has to clear demad - see you in demand and refrain from selling it
  • #14,317
  • Apr 2, 2011 9:16pm Apr 2, 2011 9:16pm
Ty for quick reply Red
  • #14,318
  • Apr 2, 2011 11:55pm Apr 2, 2011 11:55pm
Just some thoughts on GBP/USD, Red and others - would love your thoughts on it also.

30min chart on Friday - touched the supply zone, and if you are scalping, a short could be taken here.

However, a close up of the price action (2nd chart) looks like supply is being consumed in this area. If we drop here, buying the next demand zone might be the thing to do, if supply is gone in the zone we touched on Friday, it will shoot north to the next supply zone.

We have a strong pole north, shorts should probably be quick and careful here. Any thoughts?
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  • #14,319
  • Apr 3, 2011 12:20am Apr 3, 2011 12:20am
Quoting Dishwasher
Just some thoughts on GBP/USD, Red and others - would love your thoughts on it also.

30min chart on Friday - touched the supply zone, and if you are scalping, a short could be taken here.

However, a close up of the price action (2nd chart) looks like supply is being consumed in this area. If we drop here, buying the next demand zone might be the thing to do, if supply is gone in the zone we touched on Friday, it will shoot north to the next supply zone.

We have a strong pole north, shorts should probably be quick and careful here. Any...
http://www.forexfactory.com/showpost...ostcount=14295
  • #14,320
  • Apr 3, 2011 4:30am Apr 3, 2011 4:30am
I've been in so much shock lately I don't know if you've covered this.
So, apologies if this has been noted before.

If
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