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Price is everything

  • #17,161
  • Apr 30, 2011 8:30am Apr 30, 2011 8:30am
hi IF,

was just comparing com currencies and USDNOK on H1 AUDCAD chart for bit more polluted view...
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  • #17,162
  • Apr 30, 2011 9:47am Apr 30, 2011 9:47am
Quoting KennyZ
hi IF,

was just comparing com currencies and USDNOK on H1 AUDCAD chart for bit more polluted view...
Hi Kenny mate

Certainly the correlations are visible.
What I don't see, however, is one pair always taking the lead on a turn.

If we could see that, we'd have more than an edge. We'd have a crystal ball!

Knowing the correlations though, having seen AUD/NZD turn, should we have been getting ready for AUD/CAD and EUR/CAD to turn at the next S/D?
Trader General Red already seems to have this stuff worked out. Soon, I hope, it will become instinctive for the rest of us too
  • #17,163
  • Apr 30, 2011 10:28am Apr 30, 2011 10:28am
Here's a chart I posted 9 days ago, and the latest chart.

Over time, one thing you're going to notice about me is that I'm great at getting distracted by other things when price and PA are right where I want them to be!

Funny though, price here turned on the TL, but not at the supply price I would have chosen.

I do hope I'm on the ball next time round
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  • #17,164
  • Apr 30, 2011 11:28am Apr 30, 2011 11:28am
i'll be looking into pairs correlations in this weekend..

if we can find something useful in this respect, coupled with buyers/sellers spotting pa ( i was nearly going to say train spotting) would give us some nice high probability trades..

will let you know if i can spot anything useful...


Quoting Ifmyante
Hi Kenny mate

Certainly the correlations are visible.
What I don't see, however, is one pair always taking the lead on a turn.

If we could see that, we'd have more than an edge. We'd have a crystal ball!

Knowing the correlations though, having seen AUD/NZD turn, should we have been getting ready for AUD/CAD and EUR/CAD to turn at the next S/D?
Trader General Red already seems to have this stuff worked out. Soon, I hope, it will become instinctive for the rest of us too
  • #17,165
  • Apr 30, 2011 11:44am Apr 30, 2011 11:44am
Quoting Ifmyante
Here's a chart I posted 9 days ago, and the latest chart.

Over time, one thing you're going to notice about me is that I'm great at getting distracted by other things when price and PA are right where I want them to be!

Funny though, price here turned on the TL, but not at the supply price I would have chosen.

I do hope I'm on the ball next time round
Hi Michael,
Yep you are right price found supply lower but still you could find on lower TF opurtunity go short as we was close to supply on HTF.
Thanks guys for your time to post your thoughts.
FX
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  • #17,166
  • Apr 30, 2011 11:47am Apr 30, 2011 11:47am
Quoting Fxfighter
Hi Michael,
Yep you are right price found supply lower but still you could find on lower TF opurtunity go short as we was close to supply on HTF.
Thanks guys for your time to post your thoughts.
FX
Such a cheap cheap entry!

I think next week is turntime all over the place.

Here's a possibility for AUD
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  • #17,167
  • Apr 30, 2011 1:10pm Apr 30, 2011 1:10pm
Very nice. Can't wait too see what's in store.

Quoting Ifmyante
Such a cheap cheap entry!

I think next week is turntime all over the place.

Here's a possibility for AUD
Hello.
  • #17,168
  • Apr 30, 2011 4:11pm Apr 30, 2011 4:11pm
Quoting Ifmyante
Such a cheap cheap entry!

I think next week is turntime all over the place.

Here's a possibility for AUD
Posted the same chart last night HERE.

On a straight shot, we still got a long ways to go...1.1204ish...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,169
  • Apr 30, 2011 5:19pm Apr 30, 2011 5:19pm
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  • #17,170
  • Apr 30, 2011 6:24pm Apr 30, 2011 6:24pm
GBP/JPY hourly.......
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,171
  • Apr 30, 2011 8:09pm Apr 30, 2011 8:09pm
For me, simple is best. Looking for fresh stacks of orders is behind everything. Price action just shows the presence of the orders, and levels tell us where to find them. Nothing else matters.

I'm not saying I'm only looking for shorts (because I'm only showing supply levels). I'll get long if i see a damn nice demand zone, but it would have to be beautiful.

Edit:


I forgot to mention; the charts attached are EU 5m followed by monthly
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  • #17,172
  • Apr 30, 2011 8:22pm Apr 30, 2011 8:22pm
Quoting frankkn
I'll get long if i see a damn nice demand zone, but it would have to be beautiful.
Something like this (it's EU 4h)
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  • #17,173
  • Apr 30, 2011 8:37pm Apr 30, 2011 8:37pm
Quoting frankkn
...Price action just shows the presence of the orders, and levels tell us where to find them. Nothing else matters...
exactly. well said...
  • #17,174
  • Apr 30, 2011 8:44pm Apr 30, 2011 8:44pm
Hey I just wanted to post some dollar shorts that may provide a nice hedge against those dollar longs I posted (5m EU chart)

This is gbp/usd fifteen minute.
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  • #17,175
  • Apr 30, 2011 8:45pm Apr 30, 2011 8:45pm
Quoting KennyZ
exactly. well said...
Thanks sir, that is something that I have to remind myself of from time to time when I start to over think.
  • #17,176
  • May 1, 2011 6:17am May 1, 2011 6:17am
Quoting frankkn
Hey I just wanted to post some dollar shorts that may provide a nice hedge against those dollar longs I posted (5m EU chart)

This is gbp/usd fifteen minute.


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  • #17,177
  • May 1, 2011 6:26am May 1, 2011 6:26am
Quoting redsword11
Attachment



how PA tells us supply is nearly done @ this level


its in plain view if you can read it



its rare but it does happen - WHEN A CLUSTERS CHANGE BACK INTO PIVOTS @ SUPPLY ( OR DEMAND ZONES ) - YOU KNOW NEW ORDERS HAVE ARRIVED - CAN'T BE HIDDEN, JUST CAN'T


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...... as suggested by the nature of the PA , CAN'T BE HIDDEN



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now - s&p has arrived @ a major supply zone on daily


this is a critical level for the dollar and the commodity fx pairs
  • #17,178
  • May 1, 2011 8:45am May 1, 2011 8:45am
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..... pending buy
  • #17,179
  • May 1, 2011 9:02am May 1, 2011 9:02am
Quoting redsword11
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........ waited for this 4hr zone - failled to take it all the way


makes me mad
  • #17,180
  • May 1, 2011 9:06am May 1, 2011 9:06am
don't we have exactly 2 pivot rejections up on EU at 1.48 level and we are right now (probably) doing a cluster rejection at that same level?

IF that pattern does come, that would mean we would have further south?

because if we break back down the upward channel (we broke above a few of days ago) that would be a false break and would lead us down a few hundred pips (correction or maybe more).

hapipipin

WBR


Quoting redsword11
Attachment


...... as suggested by the nature of the PA , CAN'T BE HIDDEN



Attachment


now - s&p has arrived @ a major supply zone on daily


this is a critical level for the dollar and the commodity fx pairs
dreams do come true.
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