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Romancing the Price

  • #181
  • May 31, 2011 1:39pm May 31, 2011 1:39pm
Hi kenny
Can I ask please how to use the chaos semafor indie shown in your charts?
I have looked & cant find anything on it so far
Thanx in advance
hawki
Sorry forgot to say great thread, keep coming back to it - thanks
  • #182
  • May 31, 2011 2:18pm May 31, 2011 2:18pm
Quoting Hawki trader
Hi kenny
Can I ask please how to use the chaos semafor indie shown in your charts?
I have looked & cant find anything on it so far
Thanx in advance
hawki
Sorry forgot to say great thread, keep coming back to it - thanks
The indicator marks the high and lows, depending on how many coloured layers it has the stronger it is, you can use it to mark horizontally significant levels where you can take touch-and-go trades based off, play around with it on demo for a bit, its a useful litte tool
  • #183
  • May 31, 2011 2:38pm May 31, 2011 2:38pm
Thanx Orbital, I wondered what the layers were,been watching them appear & disappear today! Just wanted to check as couldnt find any explanation anywhere. I did notice alot of them appeared right at my supply & demand zones I have marked - good sign?
hawki
  • #184
  • May 31, 2011 2:43pm May 31, 2011 2:43pm
It's nothing special. Just an info indi showing higher highes, lower lows in 3 levels similar to fractals indicator..

level 1 is the highest high and lowest low [3 colors dots] within the current time frame and level 2 and 3 in between.. level 3 being is the smallest ll and hh.. They are just for historical data information, for pinpointing past higher highs and lower lows, not for signals or anything like that..

On hindsight they look great.. just buy ll and sell hh but things are not that Rossy though.. they re-print, means they'll keep moving as new highs and lows made.

You can change the colors in indicator settings dialog window.

Quoting Hawki trader
Hi kenny
Can I ask please how to use the chaos semafor indie shown in your charts?
I have looked & cant find anything on it so far
Thanx in advance
hawki
Sorry forgot to say great thread, keep coming back to it - thanks
  • #185
  • May 31, 2011 3:53pm May 31, 2011 3:53pm
manage risks to stay alive...

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  • #186
  • Jun 1, 2011 11:53pm Jun 1, 2011 11:53pm
Hi,

thank's for this thread, i have watched almost all of Sam's videos and really like how he trades. I tried some demo trades and while i had 1 good one the rest were not so great. i don't think my levels were wrong but price just didn't seem to want to repect all of them.

anyway, i this thread and the price is everything thread i am hoping will help me hone my trading.

that being said Ken, i am going through your PDF of the price is everything thread and was hoping someone could point in the direction of a few abreviated meanings.

PB - as in PB bounced from trend line
RN - as in be aware RN
FTA - as in Our FTA

i do appologise but i am new to these forums, Also thank you for all the information i really hope i can make something from all this.

regards

N0mad
  • #187
  • Jun 2, 2011 4:08am Jun 2, 2011 4:08am
Quoting n0mad
Hi,

thank's for this thread, i have watched almost all of Sam's videos and really like how he trades. I tried some demo trades and while i had 1 good one the rest were not so great. i don't think my levels were wrong but price just didn't seem to want to repect all of them.

anyway, i this thread and the price is everything thread i am hoping will help me hone my trading.

that being said Ken, i am going through your PDF of the price is everything thread and was hoping someone could point in the direction of a few abreviated meanings.

PB -...

Hi Nomad,

I am also new here, but can help you.

PB = Pin Bar
RN = Round Number ie, 1.4000
FTA = First Trouble Area

Regards

Martin
  • #188
  • Jun 2, 2011 5:55pm Jun 2, 2011 5:55pm
Quoting mt2
Hi Nomad,

I am also new here, but can help you.

PB = Pin Bar
RN = Round Number ie, 1.4000
FTA = First Trouble Area

Regards

Martin
Thank you Martin, Much appreciated that really helps. I'll come back if i have any other questions.

Damon
  • #189
  • Jun 3, 2011 1:16am Jun 3, 2011 1:16am
Morning All,

Please comment on this trade I took. I understand that not all trades will work, just want to know whether I made any obvious mistakes.

I identified the supply zone as marked.
I waited for strong down momemtum, and took trade at close of bar, marked with an arrow.
Price reversed to take out my stop.

Please also comment on current setup.
Price has just with momentum dropped below the trendline, and I have shorted.

I really appreciate all who post, as I feel this is the way to trade, but battle with entries once demand/supply zone have been identified.

Regards

Martin
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  • #190
  • Jun 3, 2011 2:29am Jun 3, 2011 2:29am
Hello Martin,

thanks for sharing. We had a similar " setup problem " recently in the Price is everything thread, where someone entered on a 15min engulfing short. Orbital answered very extensively and detailed.

As Red pointed out in many examples, it is also very important to watch HOW price leaves or approaches these levels. Wide range bars, strong momentum bars etc. Is there any hesitation after price leaves a level ( all big boys in agreement on direction ), or is there indecision ?

After going through many charts by Red, orbital, emene, Ifmyante, this gets clearer.

Hope this helps a bit, just my 0.2 cents.
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Be like water.
  • #191
  • Jun 3, 2011 3:00am Jun 3, 2011 3:00am
Quoting msmarple
Hello Martin,

thanks for sharing. We had a similar " setup problem " recently in the Price is everything thread, where someone entered on a 15min engulfing short. Orbital answered very extensively and detailed.

As Red pointed out in many examples, it is also very important to watch HOW price leaves or approaches these levels. Wide range bars, strong momentum bars etc. Is there any hesitation after price leaves a level ( all big boys in agreement on direction ), or is there indecision ?

After going through many charts by Red,...
Hi Msmarple,

Thanks for detailed explanation. Your 2c worth a lot more than that!

Sam Seiden's articles and webinars make it look so simple, but I am really glad I found these 2 threads, as traders such as yourself, Orbital, KennyZ, Red, Frankkn, Ifmyante and others make it much clearer.

I will spend time on the weekend going through as many charts as possible. I have downloaded KennyZ's PDF, but as you know it is a mountain of charts and info to get through.

Please keep the charts coming as it helps us newbies big time!

Good trading to all.

Regards

Martin
  • #192
  • Jun 4, 2011 9:45am Jun 4, 2011 9:45am
couple of thoughts on supply and demand.. i put comments on charts as it'd make much more easy reading - me thinks..

my favorite weekend chart analysis time frames are daily.. then h4.. h1.. i do the instant analysis and trading on m15 and m5.. mostly scalping..
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  • #193
  • Jun 4, 2011 10:04am Jun 4, 2011 10:04am
fan of......

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  • #194
  • Jun 4, 2011 11:29am Jun 4, 2011 11:29am
Quoting KennyZ
couple of thoughts on supply and demand.. i put comments on charts as it'd make much more easy reading - me thinks..

my favorite weekend chart analysis time frames are daily.. then h4.. h1.. i do the instant analysis and trading on m15 and m5.. mostly scalping..
Thanks Kenny,

I will print these charts out and keep them next to my computer.http://www.forexfactory.com/images/icons/icon12.gif

I was looking at this exact chart this morning, getting myself totally confused as price had overshot supply, and not knowing how to enter.

Obviously one has to make a decision whether you are comfortable taking the trade as it enters the supply (and obviously managing risk). or waiting for confirmation and possibly missing the reversal if it does not offer an opportunity to enter on a smaller time frame.

Your efforts are applauded.

Thanks

Martin
  • #195
  • Jun 4, 2011 12:55pm Jun 4, 2011 12:55pm
hi Martin,

saying from a professional trader.. i cannot remember the exact words but it was something like "it's better to incur a lost opportunity than capital"

markets gives us no ends of opportunities.. but not capital.. we just need to be patient.. i know it's easy to say but not so easy to practice..

as u can see on h1 chart on previous post, there were more than one opportunity to catch that big bull move.. each one could have been traded profitably or at least as a free trade with proper risk management using sl @be and trailing at reasonable distance.. of course on hindsight we can say the third one is the best entry but taking first two wouldn't have caused you a loss as long as they were managed correctly.

they say u cannot go broke by taking profit but for me it's other way around.. you cannot go broke by minimizing and/or avoiding losses.. there will always be profitable trades unless, you are entering trades with coin throw.

for me key to survive in this business all depends on how well one can manage their risk according to their risk profile.. risk management operates within our human psychology.. they are inseparable twins.. rest is easy..

have many good ones...........

Quoting mt2
Thanks Kenny,

I will print these charts out and keep them next to my computer.http://www.forexfactory.com/images/icons/icon12.gif

I was looking at this exact chart this morning, getting myself totally confused as price had overshot supply, and not knowing how to enter.

Obviously one has to make a decision whether you are comfortable taking the trade as it enters the supply (and obviously managing risk). or waiting for confirmation and possibly missing the reversal if it does not offer an opportunity to enter on a smaller time frame....
  • #196
  • Jun 5, 2011 6:38am Jun 5, 2011 6:38am
i'll be watching the area marked as possible pullback zone on h4 chart with view to buy pullback/s...
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  • #197
  • Edited 10:49am Jun 5, 2011 10:48am | Edited 10:49am
Thanks Kenny for the excellent charts, when time permits I will post here ( for educational purposes ) some trades I am keeping an eye on....mind you I am 90% of all my trades the most boring trader on this planet.





___________
michael
Be like water.
  • #198
  • Jun 9, 2011 9:22am Jun 9, 2011 9:22am
Hi All,

I have a question regarding trend lines. Why do we place value on them.

Do the really work and have value or could we just draw random lines that line up just as well/or as badly depending on how you look at it.

The reason I ask it that I understand why supply and demand work, and as far as I can establish Sam Seiden places no value on them, but I notice many of the Seniors use them.

Your answers are appreciated.

Regards

Martin
  • #199
  • Edited 8:41am Jun 10, 2011 3:50am | Edited 8:41am
Quoting mt2
Hi All,

I have a question regarding trend lines. Why do we place value on them.
Hi Martin

Every tool in trading seems like it should be random and useless.

I mean, how could Fibonacci, 900 years ago, have predicted the movements of our modern markets?

The answer is, he didn't.

It's just that traders, in order to find possible turning points, need to have signals that they and everyone else can see.

So, over time, trading techniques and tools evolved, and the ones that have lasted the longest are the ones that seem to really work, that are clearly visible to all, and most importantly, visible to the big money.

The trendline is one tool that is still very popular among traders. It proves itself over and over again. Mostly because it is clearly visible to everyone. It forms the boundaries of all our flags, pennants, wedges, the lot.

It is, however, best used in confluence with Supply and Demand levels, and can be risky to trade without same.

I hope this answer helps.



If
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  • #200
  • Jun 10, 2011 10:43pm Jun 10, 2011 10:43pm
i think bbakker was the trader who brought to our attention the following priceless vids...

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