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Price is everything

  • #15,241
  • Apr 9, 2011 5:19pm Apr 9, 2011 5:19pm
Quoting Orbital
You Drunk again mate?


stupid question really

anyway, as PA traders, nothing worse than still charts - let it open


this coming week - want everyone here to give it their all, need you lot to help me, we spill instutional orderflow, they do not spill us


ok, bid/ask you all goodnight, see you in the market
  • #15,242
  • Edited 5:47pm Apr 9, 2011 5:25pm | Edited 5:47pm
Hindsight view of the GBPUSD, which trades i took, which ones i didnt and why. Im not doing this on a 5 Minute chart because i know most people here will probably not be able to handle it because PA was so messy.
There were in fact lots of good opportunities but none of them were low risk.

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Quoting Kindke
Whats bugs me though is there didnt seem to be anyway of seeing that 60 pip drop coming.
I'm sorry you are wrong, there was price structure showing you the drop, it didnt necessarily compress into a supply zone but it was compressing to all hell. Please check the last picture ive provided.

EDIT:

For clarifications sake Kindke:

Just because price shows you something doesnt mean you have to take it, yes some setups you have to take and need to risk it because the reward outweighs the risk. I certainly didnt take it, i know people who took it and they did it for different reasons. Cant take all the trades mate so dont beat yourself up over it
  • #15,243
  • Apr 9, 2011 8:22pm Apr 9, 2011 8:22pm
Quoting Low
I noticed that gbpznd and gbpaud printed monthly bullish crab patterns last summer/fall, bought GN many times, lost some, won some, by the time it finally went north (for a couple thousand pips), I'd had enough and didn't get in.

If this latest down-move retests and double-bottoms, I might be a buyer again.

Overall, I have my doubts about this one, but with the right PA and maybe some divergence I'd be interested.
It is safest to wait for a proper confirmation for GN. There is a bullish divergence developing in CCi 14. I will wait for an H4 fractal to be cleared first and buying on retrace to the last demand zone.
In the game of fractals..if a 5m fractal is cleared , price will always target to take 15m..so on and so forth.
I believe GN can still drop for a few hundred pips lower targeting the last daily fractal to the left ie @ 2.07.
Trade safely.
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  • #15,244
  • Apr 9, 2011 9:51pm Apr 9, 2011 9:51pm
hidden div (prob resolved, if not it will at the red horizontal line) and reg. div. on e/j h1. will see if i can short down to 121.20ish. also going into weekly supply right above.

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  • #15,245
  • Edited 11:03pm Apr 9, 2011 10:00pm | Edited 11:03pm
Im surprised by everyones need to overcomplicated things, as far as im concerned this is a Priceaction and Supply and demand thread, ofcourse i wont ignore other forms of analysis but personally i think fractals etc are fucking bullshit. Anyways, Occams Razor:

Dollar is loosing so much footing against pairs.

Kiwi and GBPNZD are negatively correlated to about 97% according to data on the daily chart.

If you want real confirmation for GBPNZD to turn then wait for kiwi to turn, once you have a confirmed downtrend on kiwi you can long GBPNZD with a wide enough stops. Those zones you see on GN will simply be skullfucked if kiwi doesnt turn.


Look you guys go ahead and trade your plan, im just warning you there is a difference between trading complicated crosspairs like EURCAD GBPCHF etc, and trading beasts like EN, GN, etc, i trade USDNOK regularly myself and im careful with that, But GN will rape your account with the equivalent force of an anvil if you get caught on the wrong side of the trade, and having 200 pips stops its hard to know if youre overextending/leaving some breathing room.

Im just telling you that ive been fucked over by GN several times, respect it and dont get caught on the wrong end. You would be safer trading more stable pairs.
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EDIT:

And this is for my pitchforkin buddy Anthoniex

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  • #15,246
  • Apr 9, 2011 11:19pm Apr 9, 2011 11:19pm
Quoting Orbital
Im surprised by everyones need to overcomplicated things, as far as im concerned this is a Priceaction and Supply and demand thread, ofcourse i wont ignore other forms of analysis but personally i think fractals etc are fucking bullshit. Anyways, Occams Razor:

Dollar is loosing so much footing against pairs.

Kiwi and GBPNZD are negatively correlated to about 97% according to data on the daily chart.

If you want real confirmation for GBPNZD to turn then wait for kiwi to turn, once you have a confirmed downtrend on kiwi you can long GBPNZD with...


noted...but I dont think fractals are bullshit...fractals sre s/r too as far as supply and demand is concerned. Why? where do you find your supply and demand? ..they are below or above fractals.
I have full respect for this pair and will wait for it to really make a U turn
Anyway thanks for pointing to NU correlation..
  • #15,247
  • Apr 9, 2011 11:20pm Apr 9, 2011 11:20pm
Quoting Orbital
Forget about spain, spain doesn't matter and its sole purpose is there to distract the sheep masses who seriously believe they have any glimpse at all into the macro economics of the European Union.

Attachment

You can start selling once this is done.

Updating the chart, 3rd week im spot on right on EU.. to many confluences right now for this to be a coincidence.
Added the pitchfork for clarity, incase oure wondering where i put the A pivot, its the 50% marker of that high low line, modified schiff fork and stuff is serious business...

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  • #15,248
  • Apr 9, 2011 11:23pm Apr 9, 2011 11:23pm
Quoting Myrza
noted...but I dont think fractals are bullshit...fractals sre s/r too as far as supply and demand is concerned. Why? where do you find your supply and demand? ..they are below or above fractals.
I have full respect for this pair and will wait for it to really make a U turn
Anyway thanks for pointing to NU correlation..
Please don't take offense by my aggressive and harsh tone and dont let it scare you, im an asshole like that, but thats mostly due to sleep deprivation.

Red actually pointed the correlation out to me some time ago, you can probably search for it its only like 60-90 pages away from the current page.

We were discussing this pair quite heavily.

Also about the fractals, if it helps you trading sure why not i have no beef with that, im just a pure PA S/D trader, to me everything else is a gimmick not because im being objective but because ive been burned with this kind of trading before.

Anyways, i need sleep.. will post some GU Charts tommorow but the harmonics still stand
  • #15,249
  • Apr 9, 2011 11:42pm Apr 9, 2011 11:42pm
Quoting Orbital
Please don't take offense by my aggressive and harsh tone and dont let it scare you, im an asshole like that, but thats mostly due to sleep deprivation.

Red actually pointed the correlation out to me some time ago, you can probably search for it its only like 60-90 pages away from the current page.

We were discussing this pair quite heavily.

Also about the fractals, if it helps you trading sure why not i have no beef with that, im just a pure PA S/D trader, to me everything else is a gimmick not because im being objective but because ive been...

Peace bro...I respect your view and I dont get offended easily.
I never use fractals trading chaos but it is a good way to see a trend and trend change. A new daily fractal at 2.12 will be a tough nut to break.
  • #15,250
  • Apr 10, 2011 6:14am Apr 10, 2011 6:14am
I had cute AUSDUSD trade on friday just before closedown. Nice diamond bottom formation and then 50 pips climb up.
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Dreaming in Charts...
  • #15,251
  • Apr 10, 2011 11:03am Apr 10, 2011 11:03am
Diagonal Support and Resistance

Andrew's Pitchfork/ Median Line webinar by the Pro.
Some of you might find it useful...

http://www.forexfactory.com/showpost...postcount=4236

ant-
  • #15,252
  • Apr 10, 2011 11:09am Apr 10, 2011 11:09am
Quoting redsword11
do you realize - the universe requires you - without your mind entering into it - inotherwords your mind to recognise it - it doesn't exisit .... how important are you ..........
I dig it. May we all disintegrate into PA this coming week.
Shapeshift greed and catch em' off guard
  • #15,253
  • Apr 10, 2011 12:54pm Apr 10, 2011 12:54pm
created a 392 pages of pdf file from the posts in this thread for everyone to download and hopefully benefit from it.

instead of posting on here, i have created new thread. i thought we the learners can discuss various aspects of supply & demand PA there rather than polluting this thread with learners questions. i see this thread is trading and advancing the base knowledge.

masters can also add their input there as and when they have bit of time for the benefit of learners.

anyways here is the link to thread:

Romancing the Price
  • #15,254
  • Apr 10, 2011 1:06pm Apr 10, 2011 1:06pm
Quoting KennyZ
created a 392 pages of pdf file from the posts in this thread for everyone to download and hopefully benefit from it.

instead of posting on here, i have created new thread. i thought we the learners can discuss various aspects of supply & demand PA there rather than polluting this thread with learners questions. i see this thread is trading and advancing the base knowledge.

masters can also add their input there as and when they have bit of time for the benefit of learners.

anyways here is the link to thread:

[url="http://www.forexfactory.com/newreply.php?do=newreply&noquote=1&p=4533882"]Romancing...
Yer link is busted...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #15,255
  • Apr 10, 2011 1:08pm Apr 10, 2011 1:08pm
Quoting KennyZ
created a 392 pages of pdf file from the posts in this thread for everyone to download and hopefully benefit from it.

instead of posting on here, i have created new thread. i thought we the learners can discuss various aspects of supply & demand PA there rather than polluting this thread with learners questions. i see this thread is trading and advancing the base knowledge.

masters can also add their input there as and when they have bit of time for the benefit of learners.

anyways here is the link to thread:

[url="http://www.forexfactory.com/newreply.php?do=newreply&noquote=1&p=4533882"]Romancing...
Where is it?
  • #15,256
  • Apr 10, 2011 1:30pm Apr 10, 2011 1:30pm
Quoting 4xs
Where is it?
God damnit you people are lazy.. if he started a thread just click on his username and look for threads started.. but here is the link:
http://www.forexfactory.com/showthread.php?t=288142


@Kenny:

This is wonderful, just scoured through the PDF and saw some of my charts in there so naturally im happy This is excellent work, im going to bookmark that Thread and will drop in there to help out answering questions.

Personally i dont think red minds the questions in here but it is getting slightly crowded in here with all the off-trading remarks, usually it used to be 20 posts per page and 15 of those would be only charts.

Anyways your effort is greatly appreciated

Kind regards,
Alexander
  • #15,257
  • Apr 10, 2011 1:59pm Apr 10, 2011 1:59pm
Quoting Orbital
God damnit you people are lazy..
Kind regards,
Alexander


Mine was just an observation....but yeah, I'm lazy...you say it as if it were a bad thing...

Enjoy your day orb...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #15,258
  • Apr 10, 2011 2:22pm Apr 10, 2011 2:22pm
Quoting Magix


Mine was just an observation....but yeah, I'm lazy...you say it as if it were a bad thing...

Enjoy your day orb...


Very Funny Magix, been studying the entire day, now im waiting for markets to open, will see if ill trade tokyo or not =/
  • #15,259
  • Apr 10, 2011 2:29pm Apr 10, 2011 2:29pm
Quoting Orbital
Very Funny Magix, been studying the entire day, now im waiting for markets to open, will see if ill trade tokyo or not =/
With ya there brother...I been hitting the charts all weekend...

Adding a few new pairs to my sets and might give em a run this week...

Gotta love when opportunity presents...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #15,260
  • Apr 10, 2011 2:30pm Apr 10, 2011 2:30pm
Quoting Magix
With ya there brother...I been hitting the charts all weekend...

Adding a few new pairs to my sets and might give em a run this week...

Gotta love when opportunity presents...
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