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Romancing the Price

  • #301
  • Jun 27, 2011 7:14pm Jun 27, 2011 7:14pm
Thank you very much guys!
  • #302
  • Jun 27, 2011 8:33pm Jun 27, 2011 8:33pm
Quoting Verb
I have begun testing smaller timeframes after reading this article from Sam:
http://www.tradingacademy.com/lesson...s20071207.shtm

Rules are not different except the addition of a trade enhancer. I'll post my observations as time and inclination allow.

Hi Verb,

Your chart showed you Sold near Supply Zone and CCI is high.
Keep in mind price was ABOVE Moving Average.

However, when reading Sam's article, it recommends selling when CCI is high only when BELOW moving average.
And Sam mentioned to ignore all high CCI signals when price is ABOVE moving average which is the case in your chart.
Thought that would be the key point in the article, and your chart contradicts that, even though it may have been a successful trade.
  • #303
  • Jun 27, 2011 8:57pm Jun 27, 2011 8:57pm
Quoting foxybunny
Hi Verb,

Your chart showed you Sold near Supply Zone and CCI is high.
Keep in mind price was ABOVE Moving Average.

However, when reading Sam's article, it recommends selling when CCI is high only when BELOW moving average.
And Sam mentioned to ignore all high CCI signals when price is ABOVE moving average which is the case in your chart.
Thought that would be the key point in the article, and your chart contradicts that, even though it may have been a successful trade.
Good catch, I had not considered that. I'm more inclined to use mean reversion to the average which would mean sell at resistance + high CCI + above moving average. You are right though, it should be selling in the context of a downtrend.

Of course as experimentation goes, there is no right or wrong and I welcome your feedback.
  • #304
  • Jun 28, 2011 5:33am Jun 28, 2011 5:33am
Hi Guys,
I need a little help.
I am lerning your method and try to figure out d/S levels at first.
Did I notice well this s level?
Thanks
Monika
Attached Image (click to enlarge)
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  • #305
  • Jun 28, 2011 5:56am Jun 28, 2011 5:56am
Quoting Panthera
Hi Guys,
I need a little help.
I am lerning your method and try to figure out d/S levels at first.
Did I notice well this s level?
Thanks
Monika
Hi Monika,
I'm relatively new with this method as well, i was also looking at this level as well. My thinking was while there is an obvious better level just above, i thought that level was still good for a reaction and r:r was still good.

i'm interested to hear how the more seasoned vets interpret it as well. we can both see how we are progressing.
  • #306
  • Jun 28, 2011 6:22am Jun 28, 2011 6:22am
Quoting n0mad
Hi Monika,
I'm relatively new with this method as well, i was also looking at this level as well. My thinking was while there is an obvious better level just above, i thought that level was still good for a reaction and r:r was still good.

i'm interested to hear how the more seasoned vets interpret it as well. we can both see how we are progressing.
Hi Monika,

I agree with n0mad that the level above is much better because look how quickly the price fell from it.

I am also a learner, so that's good to see that I am not the only rookie here, together we'll make it! http://www.forexfactory.com/images/icons/icon14.gif

Les_Paul
  • #307
  • Jun 28, 2011 6:48am Jun 28, 2011 6:48am
I see that some of you using II SupDem indicator. Is it much the same as drawn from self analysis?
  • #308
  • Jun 28, 2011 7:41am Jun 28, 2011 7:41am
Hi!

Good to see learners around!
Which level do guys mean?
A or B or there is one what I can not notice?

So if I am right we need to find levels
-wich from the price moved away quickly and
-where was sideway market before?

At first I would be happy to identify these levels and after figure out how to enter.
So I am just practising to find the good, strong levels.

Any comm. and advise is very wellcome...
Attached Image (click to enlarge)
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  • #309
  • Jun 28, 2011 7:49am Jun 28, 2011 7:49am
Good day all,i have a question about the chart i posted in regards to how to trade the trend and how to know the trend is still up,kindly tell me if these numbers on the chats are worth trading in respect to the trend and how to confirm them and what timeframe(lower time frame) to use because i can see some daily pin that i dont know if to trade thanks forgot to post the chat here it is please on my next post
  • #310
  • Jun 28, 2011 7:52am Jun 28, 2011 7:52am
thanks
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  • #311
  • Jun 28, 2011 8:00am Jun 28, 2011 8:00am
must the englufing for the confirmation of the price action be on the same time frame thanks
  • #312
  • Jun 28, 2011 1:21pm Jun 28, 2011 1:21pm
as far as I see it, your blue level is not valid anymore, as its already broken by the spikes at 5,)

cheers
  • #313
  • Jun 28, 2011 5:58pm Jun 28, 2011 5:58pm
Quoting Panthera
Hi!

Good to see learners around!
Which level do guys mean?
A or B or there is one what I can not notice?

So if I am right we need to find levels
-wich from the price moved away quickly and
-where was sideway market before?

At first I would be happy to identify these levels and after figure out how to enter.
So I am just practising to find the good, strong levels.

Any comm. and advise is very wellcome...
I was thinking A was the stronger level, there was a distinct rally, base drop, basically the peak of that move.
  • #314
  • Jun 28, 2011 7:50pm Jun 28, 2011 7:50pm
Quoting Panthera

Any comm. and advise is very wellcome...
Hi Mon

I'm using the pair you posted, just to show you how simplistically you should view the market


Best

If
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  • #315
  • Jun 29, 2011 2:09am Jun 29, 2011 2:09am
Thanks for the help guys!

I am wondering do you use the indicator (supdem) or draw by hand the zones?
And if you see the zone (by indicator) do you enter in the zone if you see an engulfing pattern or what is the pont when you enter?

Or probably you have to chek the zone at first is it srtong enough to play, so not all the indicator zones are good.


For me this indicator is a big help to understand the market, so thanks a lot.
Monika
  • #316
  • Jun 29, 2011 2:41am Jun 29, 2011 2:41am
I would avoid relying on that indicator. Not all zones are valid and it will miss out more important levels. You need to identify levels based on the set of odds enhancers already set out in this thread. These provide higher probability trades. Some of the guys using the indicator already know which levels to use and avoid and which levels it misses out. So if you are new to this stuff, bin the indicator and do the work properly.
  • #317
  • Jun 29, 2011 4:12am Jun 29, 2011 4:12am
I agree with Porkpie.

I have the indi on all my charts, and the areas that stand out most to me are often the zones the indi has missed. Lots and lots of chart time will teach you the important levels.

As price bounces around between S and D, you should always be aware of which way price is going in the HTFs, so that you can decide whether long or short positions have a better chance of success in your TF.

Always be aware of the guidelines in the probability enhancer, and you'll have the edge

Best

If
  • #318
  • Jun 29, 2011 4:43am Jun 29, 2011 4:43am
Quote
Lots and lots of chart time will teach you the important levels

I think this is the key.....until I was looking for only ppz levels so I have to learn to see the chart on a different way.

Thanks!
  • #319
  • Jun 29, 2011 7:34am Jun 29, 2011 7:34am
I know this is really simple stuff, if you already know it.

If not, it's worth taking a look
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  • #320
  • Edited 11:53pm Jun 29, 2011 4:22pm | Edited 11:53pm
Hi, I am learning how to use the probability enhancer correctly. Can you pls tell me how you would classify this level? I mean the strength of it - the way PA left it.

I gave 1 of 2, PA leaves gradually and then after a couple of bars it plummets.

How would you score this one?

Thanks

Les_Paul

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EDIT: The level was crappy, PA went through it like a hot knife through butter...
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