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Romancing the Price

  • #241
  • Jun 14, 2011 1:02am Jun 14, 2011 1:02am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I have another question to ask too Please refer to the chart...Thank you again
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Shake it off!Lick the Wound,Prey Again!
  • #242
  • Jun 14, 2011 3:22am Jun 14, 2011 3:22am
Quoting Megara
I have another question to ask too Please refer to the chart...Thank you again
Hi Megara

Zones can get weaker the more times they're tested.

That's why we wait for pa to tell us if the asset is still too expensive or cheap .
  • #243
  • Jun 14, 2011 3:58am Jun 14, 2011 3:58am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Ifmyante
Hi Megara

Zones can get weaker the more times they're tested.

That's why we wait for pa to tell us if the asset is still too expensive or cheap .
---------------
Thanks Ifm! I understand this.
What I confuse is which zone is considered 1st visit,2nd visit, 3 rd visit..... by refering to the above chart I've posted.
Shake it off!Lick the Wound,Prey Again!
  • #244
  • Jun 14, 2011 4:14am Jun 14, 2011 4:14am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Your confirmation will help me tremendously in recognizing Buyer and Seller
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Shake it off!Lick the Wound,Prey Again!
  • #245
  • Jun 14, 2011 5:40am Jun 14, 2011 5:40am
good day Kenny love your trades but how do u enter using the chaos semafor do u rely on engluf or PA thanks
  • #246
  • Jun 14, 2011 5:46am Jun 14, 2011 5:46am
Quoting Megara
---------------
Thanks Ifm! I understand this.
What I confuse is which zone is considered 1st visit,2nd visit, 3 rd visit..... by refering to the above chart I've posted.
FTB, 2TB etc. are just names.

We must see the zones for what they are, and watch pa.

On the bottom chart below, when we see the PB formed and broken south, do we really need to ask which time back it was?

Trading is simple, but far from easy.

Don't try to complicate it

Best

If
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  • #247
  • Jun 14, 2011 6:08am Jun 14, 2011 6:08am
Quoting Megara
Your confirmation will help me tremendously in recognizing Buyer and Seller
I'm afraid to do that properly, I'd need to rewrite all of PIE and RTP!

Basically put though:

To find a zone, look for where there was a brief exchange of BU and BE PA, and then a decisive move away in one direction or the other.

If price traveled a nice distance from this zone and starts to return again, you may have a trading opportunity.

Get ready, by checking for confluence with such things as fibs, divergence, TL patterns, and the HTF direction, compression, exhaustion, etc, to give you a better understanding of the environment.

If you get as many confluences as you are comfortable with, watch PA as it reaches the zone, looking for Such tings as PBs and OBs to show you whether the zone has been rejected.


Must run, so that's all for now


Nice artwork, BTW
Attached Image
  • #248
  • Edited 6:23am Jun 14, 2011 6:11am | Edited 6:23am
hi kk,

i don't trade semafors, rather i use it for spotting higher highs and lows in 3 levels quickly.. just informational..

i know on the hindsight they look great if only they didn't paint, but they do..

i take trading decisions as follows, looking at:
1. supply and demand levels,
2. candlestick and chart patterns
3. and of course watching how pa is behaving once in the s&d zones

have many good ones......

Quoting King Kong
good day Kenny love your trades but how do u enter using the chaos semafor do u rely on engluf or PA thanks
  • #249
  • Jun 14, 2011 6:24am Jun 14, 2011 6:24am
Quoting KennyZ
hi kk,

i don't trade semafors, rather i use it for spotting higher highs and lows in 3 levels quickly.. just informational..

i know on the hindsight they look great if only they didn't print, but they do..

i take trading decisions as follows, looking at:
1. supply and demand levels,
2. candlestick and chart patterns
3. and of course watching how pa is behaving once in the s&d zones

have many good ones......
thanks i noticed the repaint
  • #250
  • Jun 14, 2011 7:38am Jun 14, 2011 7:38am
Keep in mind that commodities tend to behave differently than currencies.

It works less with resistance becomes support and more with buy the support again (demand) or sell the resistance again (supply).

Here is an example of an esay long trade that could have been enough to make your day.
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Hello.
  • #251
  • Jun 14, 2011 11:01am Jun 14, 2011 11:01am
hi all,

l have not given up on $ chart as yet l feel discussions are ongoing here which is exciting. l'll cut this if the chart turns resistance on us.
any comments would great.
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  • #252
  • Jun 14, 2011 8:45pm Jun 14, 2011 8:45pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Ifmyante
I'm afraid to do that properly, I'd need to rewrite all of PIE and RTP!

Basically put though:

To find a zone, look for where there was a brief exchange of BU and BE PA, and then a decisive move away in one direction or the other.

If price traveled a nice distance from this zone and starts to return again, you may have a trading opportunity.

Get ready, by checking for confluence with such things as fibs, divergence, TL patterns, and the HTF direction, compression, exhaustion, etc, to give you a better understanding of the environment.

If you...
---------------
Good Day Ifm
You use many abbreviation and I have to click the link to check in order to understand you. This seems cool language of communication
I got your message.Its clearer now.

And a level of supply is not easy to be breached unless it's a breakout and U- turn to retest the supply area to become support ;change of polarity.

Thanks friend
Shake it off!Lick the Wound,Prey Again!
  • #253
  • Jun 15, 2011 9:36am Jun 15, 2011 9:36am
I would like to be educated in supply and demand zone trading any ebooks or video files thanks in adv
  • #254
  • Jun 15, 2011 9:45am Jun 15, 2011 9:45am
Quoting Megara
---------------


And a level of supply is not easy to be breached unless it's a breakout and U- turn to retest the supply area to become support ;change of polarity.
Very well put Megara. Happens all the time
  • #255
  • Jun 15, 2011 9:46am Jun 15, 2011 9:46am
Quoting rajini
I would like to be educated in supply and demand zone trading any ebooks or video files thanks in adv
Go to page 1 of this thread and get dug in my friend
  • #256
  • Jun 16, 2011 3:11am Jun 16, 2011 3:11am
could anyone read this chart please?(correct also)
thank you
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  • #257
  • Jun 16, 2011 3:28am Jun 16, 2011 3:28am
Quoting riko2705
could anyone read this chart please?(correct also)
thank you
A falling wedge will usually look for a bullish BO

Which wouldn't be surprising, given the triangle forming on the monthly
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  • #258
  • Jun 16, 2011 3:40am Jun 16, 2011 3:40am
Quoting Ifmyante
A falling wedge will usually look for a bullish BO

Which wouldn't be surprising, given the triangle forming on the monthly
thank you if
wondering if price respect ltl or break up......
good trading
  • #259
  • Jun 16, 2011 6:18am Jun 16, 2011 6:18am
Quoting riko2705
could anyone read this chart please?(correct also)
thank you
hi riko,
red taught me this, that it'll rise higher just my 2 cents



cheers joely
  • #260
  • Jun 16, 2011 6:24am Jun 16, 2011 6:24am
Quoting greendiesel
hi riko,
red taught me this, that it'll rise higher just my 2 cents



cheers joely
thank you green
so if it rises no e/u long..
good trading
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