Price is everything

Hi Myrza,

do you use this fractal to identified the trend continuation ?

since I see if the fractal break and dont have engulfed candle, can we assume as the trend continue ?


Thanks,

[quote=mangalesh;4726057]Fractal means new low or new high . So if a candle closed engulfed below that with supply then we shd get entry right ?

This looks good technique since new high and new low market buyers or sellers on any tf will be looking for long or short based what it happens .
Higher expereinced traders just enter simply without confirmation after high or low and make money up and down..

This looks interesting fact . Btw may i know wats ur take profit ? i guess ur sl is above the recent high of the tf ..


Manga,
TP is subjective. I just put sl at BE after around 50 pips move. Keep some of the table and exit at any sign of reversal at lower tf ie m30/h1.
SL can be put at lower tf minor supply or demand.

No..I use fractal as identification of supply and demand.
Yes..fractal break can be used as trend continuation if you are trading CHAOS which I dont do.
Better to add up entry at retracement to minimalised draw down because price will almost always test the lower or high of a break out bar.

If you check my previous post on crude you will see what I mean by testing a lower break out bar. In this post price reacted strongly to daily BOB and in fact it still holds

nice myrza ..



[quote=Myrza;4726094]

is this strike rates comes up to 80% in higher tf ( 1hr or more ) ?

h1/h4 yes..actually it is just an estimation but if you back test it . It has high probability ratio which is good with proper MM.
On lower tf the strike rate is still more than 50%...which is good
Just learn to identify which fractal and bob to take.

Identifying which fractal and BOB to take seems to be the real key.
Assuming this is when you still must outline where is the previous Demand/Supply Zone for the fractal and BOB to be effective ?

Have a quick look at H1 and it does look good.
Not looking at H4 yet.

May have to wait a longer time(a few days to a week) for a setup, so will need to balance between trading at this Reversal versus trading with the trend.
How do you handle this aspect ?

if it comes with supply and demand i guess it has more strike rate ..i mean if it comes with the trend it shd have more strike rate ..since lows and highs mostly follows the trends

Correct.
The trend is your girlfriend.
This strategy is a blend of supply/demand, trader Vic tech , 123 tech and Red's PIE.
Supply and demand is still king.
May the pips be with you.

If I may, if the market goes down and hits your S/L, who has determined your trade is a loser?

From a trading perspective (rather than S/L Money Management) it is better to determine when your trade is NOT a winner, rather than let the market decide if your trade is a loser. Many of us can not afford to trade without a S/L, but if a trade is not working out as anticipated, cut it short. To let it run watching to see whether it hits your S/L is trading on hope.

A trade not being a winner is not the same as a trade being a loser. You decide when a trade is not working as planned, many trades will give you the chance to exit before reaching your S/L. Heck sometimes you can get out at + or - B/E.

NO...setups will come to you all the time if you know where to look for them.
80% of my trades were done at work since I work long hours (9 to 9).
What I did was identify the supply and demand zones and throw in a price alert indi. Go with the main trend in daily or h4.
After working hour (NY session) ..I scalp .

? did u talk with red?

Phanti, look at what emene just posted, then look at the first post... on the first page... of this thread....

infact im a little bit pissed off right now about whats going on in here and i will post a lengthy reply in quite a bit.. this retardation has been going on for far to long in here.

No dear, unfortunately, I did not. I'd just want to get a fresh start with the thread to keep the spirit.

Supply, Demand, Watch PA, trigger.

Charts, no chats.

But I'm the good cop here, I have the feeling that the bad cop is going to get out of the woods today.

EDIT : He just showed his teeth

well why the heck he dont just quote it then?

dont get it either.

Hii michale. how is everyone doing ?

Lets bring back the old glory to the thread ,only charts and no chats ..

Done with my exams ,will get back to trading from this week .

Consider this post to be something along the lines of "long overdue" regarding this thread, where it started, where it developed, where it peaked and where it is now.

I have spent approximately the last 800 pages posting on this thread and reading the first 500 for quite a while before that. So i have been here a while and i consider myself to be somewhat of an objective judge regarding the current situation.

So lets start with the obvious here: What is this thread about?

For the idiots i would say the first clue really is in the title, its about discussing Trading based on Priceaction (reading bars and price movements in terms of structure and positioning) and Supply/Demand which essentially are horizontal zones where buyers exceed sellers or vice versa, a price equilibrium is out of balance and generally Sam Seidens teachings.

Over time traders have introduced symbiotic concepts such as:

78.6/88.6 fib reversals points - Emene
Gartley/Harmonics - Redsword and Emene lateron
BASIC and Variable Trendlines (also Micro Trendlines on M1 charts) - Emene
Horizontal Touch and go's - Kenny
STL/DTL - Red etc
4hr/Daily swingtrades - Brian
Scalping PA techniques - Orbital, emene, kenny etc etc
Compression - Redsword
Advanced PA engulfing setups - Ifmyante etc
Andrews Pitchforks - Anthoniex, Orbital
Combination of techniques fused as one - Rufus
Compression - Redsword
etc
etc
Also Magix etc have all contributed various interesting concepts in regards of S/D and PA but do yourself a favour and read through the first 1100 pages of this thread because quite frankly the last 200 pages was just full of shit.
etc etc

I'm going to be honest here, there were countless amazing traders in here posting exactly what this thread was intended for:

A THREAD THAT ACTS AS A FUCKING LEARNING RESOURCE FOR TRADERS

I have seen traders come and go over the past months in here, some have created their own threads and branched off sticking to the most basic concepts on currencies. I remember when Honeybhi, Budak Baru, Anthoniex, emene, kenny and i used to post in here regularly and displaying setups that are simple in nature yet complex in execution causing somewhat of an enlightening "aha" moment. I miss those. Honeybhi has stopped posting in here hes busy in other threads Budak Baru has made his own thread which i highly recommend you check out and subscribe to if youre heavily into currencies on 4hr timeframe, Anthoniex has somewhat dissapeared and i dont know where to, Magix is busy enlightening noobs in the EU thread, Brian and Emene have problems at work due to idiot coworkers so unfortunately both post rarely. Kenny and i still post rarely because (and im speaking only for myself here but i do know kens position very well ) quite frankly were very busy trading crude very heavily and posting every single setup is quite frankly not worth it since THEY HAVE BEEN POSTED 10 000 TIMES IN HERE BEFORE

Trust me when i say im not in a bad mood right now, im just being honest for the sake of the thread since Red has asked Michael me and the others to take care of the thread in case of his abscence.

As i was saying before i have seen many traders in here come and go, most people will either not prevail due to a lack of willpower or blowing their account because apparently moneymanagement is a chinese word to them with the practical usefulness of a thai hooker with aids...
The issue remains though that you would be looking through the thread and other traders posts of charts and see a new technique that hasnt been seen before or traded a lot.

This leaves the senior traders in here at a very simple conclusion: Either they have learned everything they have to learn from this thread and move on to trade in peace or the quality of posts in here has quite frankly become... Shit
There is an OVERWHELMING amount of UNNECESSARY, REDUNDANT, ANNOYING, PLAIN USELESS and REPETITIVE CHATTER IN HERE, which REALLY REALLY REALLY REALLY REALLY does not need to be in here.

I mean are you fucking kidding me? You want to discuss money management? Risk etc in HERE? Sorry guys you are in the wrong place for that, there are COUNTLESS threads on FF dealing with these issues where your questions are better suited and if you are to fucking lazy to google or to use the search function to find answers for your questions then you should not be trading in the first place.

Trading is not a fucking joke and most of the people who ask the same questions which (IF THEY HAD ACTUALLY FUCKING READ THROUGH THE THREAD) are apparently treating it as such. I think michael just said it pretty nicely when he mentioned that human beings have this amazing ability to turn everything they touch into shit. Call me nostalgic, maybe i just miss the peak days of this thread but im being realistic here.

"Why did you enter after that pinbar?"
"Do you take every engulfing?"
"Oh my god why did that engulfing fail?"
"Holy shit my pants are on fire should i go long or short?"
"What do blue and red bars mean?"
"How do you draw boxes?"
"IZ THERE AN INDICATORZ THATZ CANZ DOZ EVERYTHINGZ FOR MEH??"
"What is a trend?"
"Where am i and why are my pants on fire?"

and countless other fucking retarded useless questions which have been answered COUNTLESS... FUCKING... TIMES... BEFORE.

You want to showboat your trades in here? Please go somewhere else
You claim you have read through the entire page and then proceed to ask a question which has been answered 300 times before that? Please shoot yourself now
etc etc

As a matter of fact Kenny has opened a thread called Romancing the price for the exact purpose of people asking questions in there to make sure this thread remains clean and full of learning opporuntities. I see people not putting any effort into their charts regarding labeling it just pisses me off.
I used to wake up come in here and have only about 1 maybe 2 pages to read, and every page would be full of good information i could use as inspiration for future.

If you're thinking about calling me a selffish asshole then please go ahead, what you don't realise is that i actually am trying to make sure this thread stays clean, informative and be topnotch in regards of quality for the newer traders who (as arrogant as it sounds) havent progressed as fast in regards to learning and adopting trading strategies and still need to learn and dont want to comb though 200 pages worth of shit to do so.


I am at a point of writing this where i am creatively and mentally simply fucking exhausted and will probably just end up repeating myself, so to benefit everyone please think of these things before you post:

1) Charts not Chats, if you have Something to say do it with a chart, dont clutter up the thread unneccessarily and dont turn this into another EURUSD thread. If you need to chat do it over the weekend or via PM
2) and this should be #1 actually: READ THE ENTIRE THREAD FROM FRONT TO END. You will realise that many of your questions have probably been answered over and over again, most techniques displayed in excruciating detail, if there are still questions, PM the trader or ask your question in the Romancing the Price thread, you will find the link to kens thread in my signature
3) Kennyz has provided and compiled an amazing PDF worth about 300 pages of charts with detailed explanations of setups, PLEASE look at it, you will find its the probably most detailed and accurate compilation of the most important charts and techniques in there. Also kenny has linked Emene's spreadsheet and Sam seiden links, watch the videos, its a lot of video material but lots of your questions will be answered in the videos aswell
4) Price is Everything, this is a PA and S/D thread mainly. Please understand and respect that. If you've discovered some magical Greek Godlike trading strategy with 74 different variations of MACD indis and over 9000 trendlines then kudos to you, please leave it at the door when entering this thread. If you've found something that works in direct correlation with S/D and PA and you feel that it would be a great contribution to the thread, please do post your observations on a chart or several charts and the traders will dissect it either way, this has happened (see above list) often enough in here and these trading instruments have become second nature for most traders in here.
5) Edit your posts: If you took an exit from a trade, edit it on the post the chart was displayed on, no need to unnecessarily waste space for a trade you took earlier, this has practical reasons as people can see your exits with a followup chart when you edited your post. Nobody in here cares how many pips you make, if your entry was interesting and your exit was good people will QUOTE you anyways and congratulate you for it. This has been second nature here for a while and somehow got lost by the surge of people coming into here.
and last but not least:
6) Newbies, newer traders, curious bi-sexual teenage girls etc: I fully appreciate you asking questions, i also fully appreciate your thirst for knowledge and your curiosity. But most of your questions have been answered before several thousand times, if you are to lazy to do so PLEASE FOR THE LOVE OF GOD ask it in Kennyz Romancing the Price thread, i know that kenny etc will be glad to help you out with your questions over there while ensuring the QUALTIY, INTEGRITY and stability of this thread.

Last couple of words:

I fully understand that threads develop or evolve to a certain extent, but speaking as someone who knows red quite well i know he would be majorly upset and dissapointed by what is going on this thread. So while he may not be here due to him being busy please honor what red has done with this thread and dont turn this into one of those threads that has 30 pages per day and where only reading the first 1200 pages is worth it.

I hope all of you have a restful weekend, i also hope that reading through this lenghtly post some of you will understand the frustrations many people are having in here because quite frankly this cannot continue going on like this.

Have a nice Weekend everyone

hi guys.let me start.silver approaching DAILY demand zone at 33.93.PA WATCH...