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Romancing the Price

  • #121
  • Apr 24, 2011 6:21am Apr 24, 2011 6:21am
mamma mia.. that's a daily chart as well...

Quoting Ifmyante
Speaking of comedy, this chart always cracks me up
  • #122
  • Apr 24, 2011 6:35am Apr 24, 2011 6:35am
hi ace,

all helps are welcome here..

traders helping traders....................................................

Quoting acetrader
KennyZ,

Again, I must say you are sharing some very valuable trading information & it would be wise for the new traders entering the forex arena to learn what you are willing to share before they blowout their account following the many indicators floating around.

By now I would have expected this thread to be many pages longer, but what you are sharing is a simple & concise way to trade that really does not need any of the colorful indicators & that is what many are looking for when they are new to trading. Anyway I am following along & do...
  • #123
  • Apr 24, 2011 8:31am Apr 24, 2011 8:31am
left from last friday.. accidentally.

sensible thing would have been stay away from thin markets as IF wisely pointed out on "Price is Everything" thread.. but in my case it's quite difficult not to trade.. additionally it was a nice challenge to get some pips from the market in difficult conditions.. it was kind of fools game trying to scalp with high spreads.. it felt like squeezing a water out of stone..

anyways, i did some scalping.. no losses so far.. and these 4 trades left open accidentally as i went down for a dinner then we started watching a movie and forgot about the time.. by the time i came back to my desk markets was closed.. damn..

as it was risky challenge i only traded with mini lots - all trades lot size below are just 0.1, about a dollar a pip. well, the important aspect of this challenge was not the dollar amount but pip count..

i'll wait and see if i can close all in positive territory when the markets open..
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  • #124
  • Apr 24, 2011 1:42pm Apr 24, 2011 1:42pm
for me eu pa has been beaching around generally.. top of buyers and sellers zones pa, i was playing with some helpers type indies.. bollinger bands, heiken ashi rand and rsi

it looks ok on history but on live pa they just seems to divert my attention from the actual pa..

second chart shows modified version of keltner channels instead of bb.

i suppose right conclusion would be that there are plenty other pairs - instruments.. do i really have to trade eu? of course not..
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  • #125
  • Apr 24, 2011 2:29pm Apr 24, 2011 2:29pm
closed all

gbpjpy +6
eurchf +12
usdchf +2
audusd -17
--------------
overall +3

Quoting KennyZ
left from last friday.. accidentally.
...
i'll wait and see if i can close all in positive territory when the markets open..
  • #126
  • Apr 24, 2011 3:17pm Apr 24, 2011 3:17pm
what else there is to do..

Inserted Video
  • #127
  • Apr 25, 2011 3:50am Apr 25, 2011 3:50am
with my patience..

i usually grab whatever and whenever i can grab and close trades. in many occasions this resulted with leaving too much on the table..

since i had the opportunity to move sl @be+ for both trades below, this time i'll wait and see if they hit my defined targets or stops.. i'll not close them before either happens..

both trades are taken small hours of today...
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  • #128
  • Apr 25, 2011 4:24am Apr 25, 2011 4:24am
one done, one to go..

Quoting KennyZ
with my patience..

i usually grab whatever and whenever i can grab and close trades. in many occasions this resulted with leaving too much on the table..

since i had the opportunity to move sl @be+ for both trades below, this time i'll wait and see if they hit my defined targets or stops.. i'll not close them before either happens..

both trades are taken small hours of today...
Attached Image
  • #129
  • Apr 25, 2011 4:40am Apr 25, 2011 4:40am
what is the name of the indicator at the bottom that displaying the current price + other infos
  • #130
  • Apr 25, 2011 5:51am Apr 25, 2011 5:51am
ausd is not.. stopped @be+1

so... experiment result is inconclusive


Quoting KennyZ
one done, one to go..
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  • #131
  • Edited 11:18am Apr 25, 2011 6:00am | Edited 11:18am
it's a custom info indicator, got from a friend who coded it himself. unfortunately, he is not distributing it. basically it displays ATRs and other usual info.. there are many similar indicators freely available.. just search for them and you'll find..

Quoting scorcorn8
what is the name of the indicator at the bottom that displaying the current price + other infos
  • #132
  • Apr 25, 2011 2:43pm Apr 25, 2011 2:43pm
and treat..

Inserted Video
  • #133
  • Apr 25, 2011 2:55pm Apr 25, 2011 2:55pm
take a break...

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  • #134
  • Apr 26, 2011 11:48am Apr 26, 2011 11:48am
Didn't want to clutter up the live thread,as i'm still studying and watching the method.
I watched price approach the demand zone, but it completely spiked it.
A bullish engulfing then printed, but wasn't entirely sure after the huge spike, so i passed.
Would have been a decent, and quick trade.
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  • #135
  • Apr 26, 2011 1:28pm Apr 26, 2011 1:28pm
JazzMan,

I was undecided on that one also, so I passed on it too. Its ashamed nothing can be 100% in trading, oh well that trading. Good trades to you.

________________________
  • #136
  • Apr 29, 2011 5:52am Apr 29, 2011 5:52am
I can't post a chart right now, but if anyone is watching silver, what would a situation like this be for you. There is a good supply zone right above, but the m15 has a couple of nice wicks/pin bars that have failed to reach the zone. Would this be an example where the sellers are so strong that price is unable to even reach the demand zone, or would you still wait for rejection higher in the zone? It may even be good to wait for a confirmation strong bear candle so we know sellers highly exceed buyers?
  • #137
  • Apr 29, 2011 5:54am Apr 29, 2011 5:54am
Oops, well as I was posting this price started moving strongly south. Maybe a good time to short.
  • #138
  • Apr 29, 2011 12:40pm Apr 29, 2011 12:40pm
New weekly analysis video, comments appreciated

Inserted Video
  • #139
  • Apr 30, 2011 4:46am Apr 30, 2011 4:46am
hi Alex,

thank you so much for making and sharing this informative video..


Quoting Orbital
New weekly analysis video, comments appreciated

http://www.youtube.com/watch?v=ulbO7ewQ9Wg
  • #140
  • May 8, 2011 8:01am May 8, 2011 8:01am
For those who are just starting with supply and demand PA trading, KG support and resistance indicator may be of some help.

This indicator adds 3 levels support and resistance lines for you. It may help you to train your eyes to spot supply and demand zones.

Supply and demand zones may differ from one trader to another. General guidelines I'd say classic support and resistance lines but where each trader may see bigger buyers and sellers around these lines may differ.

In my case. I just use simple lines in various thicknesses giving priority to latest peaks and dips - 2nd chart below. I use the wicks as an extreme supply and demand lines then from there I try to work out visually viable zones.. After the basics, it's all to do with screen time... Unfortunately, I don't know any short-cut here.

Have good ones..

ken.

ps/ KG support and resistance indicator attached below. I cannot remember which forum I got it from as I have not used for some time and I only had .ex4 version.
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File Type: ex4 KG Support and Resistance.ex4   6 KB | 1,749 downloads
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