Price is everything

Dude are you trying to piss me off? Edit your fucking posts, you dont need to waste an entire message space to post your Takeprofit.
Look i've fucking gone over this several times already, this thread is not for showboating, i just did 56 pips on crude in under 2 minutes, do you see me running around the forum like some little attention craving whore posting:


No you dont, and quite frankly im not singleing you out specifically here but its just every single time i see a post without a chart attached here mentioning how many pips some random asshat just did my blood starts boiling. In case you're not understanding where i come from or still havent bothered to read through my last rant post:

This thread is becoming big in the sense that its attracting a lot of people and traders and there becomes a need to keep this thread clean. And if you cant discipline yourself to a set of rules in here this will become chaotic VERY FAST.

Once again i am not singleing you out again because im on some kind of personal vendetta against you, this is a general friendly reminder again.
Remember this is a LEARNING thread, if people scroll back in time and look at your posts they can immediately see how many pips you took or where you exited if you EDIT YOUR POST.

Kind regards,
Alex

Now on a trading note:
Not a lot of trades today was busy again, Took the Dax setup which was more complex but explanation is inside. If youre more adept at reading PA you will understand why and the chart provides a more detailed account.

Crude was a rather simple entry based on Pin into demand. and exit soon, multiple positions open because even though this went higher MUCH further i just wanted a good night scalp



Crude entry based on pin within demand

more complex dax trade explanation in the chart.

Touch and GO.

http://www.shrani.si/f/3J/sV/pbXABFC...8-55-34-ha.png

@Orbital: what do you mean by: "...clearing demand up there!" you mean the demand above the 7390? or you meant supply?

THanks btw i find you very funny, when you get angry ) MIKY

au

Yes technically its Compression, i took the compression on EU... slightly tougher to spot.



Trade in itself is nothing special, took 11 pips of the table now. But thanks for posting a compression example, havent seen a lot of them posted even though i trade them on currencies. Crude and Dax just have different structures on compression and its vital (and key) to understanding that. Its always safest to take them into supply and then shorting.

I did want to post something as a Friday night post right now. I was sitting on Skype with michael and we were discussing crude since he assessed the situation to go to 92$ where as i was holding my picture of 95/96$ very tightly.

Now i posted him this picture and in all fairness here i did not take the trade even though i most likely should have. This is for Educational purposes only.



If you watch the structure very closely you had 2 layered demand and one of them being very intense as you can see by the hourly candle defining the demand zone. Just like with the DAX price structure was suggesting a more Bullish tone. But its friday so we did have a lot of whips occuring.

The interessting thing to note is that no candle is ever obsolete or insignificant. Just like with the previous dax long outbreak example i displayed you had crude (in this case) bounce from demand, and CLEARING supply as demonstrated by those large wicks.

There are two general rules outlined in this thread: You cannot have a breakout without an engulfing. And engulfings are most likely to occur when the path of resistance (sellers or buyers) have been cleared out of the market.

Now if i was more heavily inclined to take risks today i would have taken it. But i didnt. Either way i thought this setup would be interessting to some of you and perhaps maybe even educational to help you understand that not all huge moves are sudden or un-anticipated.




Enjoy your weekend guys, im off for now

EDIT:

Forgot one thing infact the most important one:

To all traders reading and watching this thread, do not be discouraged by my harsh tone and do not be frightened by me I will not bite you for posting charts or trading ideas. All posts are welcome as long as certain mutual respect groundrules are accepted when posting and this is mostly covered by my rant post. I hope you understand where im coming from and do not presume me to be a foulmouthed jackass trying to ruin everyones day. Do not get discouraged from learning and posting We have a chatroom in the memberslounge and a learning/noobie friendly thread opened by ifmanyte and kennyz respectively, their links are in ifmyantes signature.

Enjoy and Happy weekend

Red where are you getting messy

very informative post as usual! thanks orbital

Didnt meaned anything bad but i love this forum so much emotions and frustration good when not trading when trading it is a serious bussines. But i love to look on forums when not trading and see the mess of emeotions jalouzy. anger all here (best 1 is frustration) leave you with this http://www.forexfactory.com/showthre...799#post205799 nice weekend

Waiting for my movie download to finish so im typing this in the mean time since its the weekend.

I'm not sure what exactly you were trying to comment upon or bring to light.
Michael has a point with this being the cleanest thread on FF at the moment with only 2-3 other threads rivaling this on in order, cleanliness and discipline.

Which is really what i wanted to touch upon right now. Some people might mistakenly believe that i enjoy being rough and drill instructor-esque. I don't, im a very lean back, zen, and peaceful person. Don't get me wrong i party like a fucking animal and infact the only people i am actually an asshole towards are 16-18 year old girls because its that much easier to sleep with them. But thats a story for the PIE chat thread.

The reason im being a dick here and trying to keep order is because
a) There are 7 people in this room red has asked via PM to keep order in here and ensure the stability and quality of this thread and quite frankly i owe it to him as a favour
b) Michael is a pussy and doesn't want to be the bad guy.. typical french..

I've started posting on FF a while ago, ive developed A LOT in the short time i've been here. Like MANY traders i've started out using things like EMA/SMA, Ichimoku, ive developed further to Andrews pitchforks without PA, then started learning PA and sooner or later i came across Tradeprice's thread and stumbled upon this thread. Ever since i've discovered s/d ive stopped wasting my time in the EU thread. And trust me its a waste of time, there are a handful of traders in that thread that are maybe worth listening to and even then most setups displayed are theoretical setups that refer to the PAST. You cannot trade or learn trading that way. Trading in hindsight is something every idiot can do. People think theyre some kind of fucking geniuses by watching charts backwards and show examples. Please my ex girlfriend who is a cum guzzling demon spawn of a whore could point out where you should have bought and sold in the past charts.
Anyways back to the point: It was only really this thread and thankfully a couple of skype chatsessions with red that i have really understood trading as a whole. Luckily for me i grasped the S/D concept relatively quickly. PA was something i partially understood well enough to recognize simple patterns. Red was very helpful in this regard and the rest was just pure watching charts and watching the other traders including red post in here, studying his setups in DETAIL and trying to recognize and repeat the setups/patterns he has posted.

Things quickly started spiraling out of control and once you finally get the AHA moment after understanding price mechanics and structure you begin absorbing information so freaking fast your brain will become overwhelmed.
I remember days when i considered doing 30 pips do be fucking amazing.. if you read the shittalk michael and i give eachother over skype you would laugh in disbelievement. This isnt posing around or dickshowing its just a statement trying to outline that i have seen my personal growth and growth as a trader. I was lucky to have made 3 friends over this thread, people who i talk to on a regular basis whose trading level/skill is on par with mine and in some cases exceeds mine.
I will not sit here and claim to be some kind of trading supergod. In fact there are a dozen of people on the forums who trade better than i do but that is beside the point.

60% of what i know i have learned in here. And its those 60% that get you started. It really is. I am at a point where i feel that there is rarely anything i have to learn from this thread. I have learned a metric shitton from people i now consider my friends but i rarely see them post setups that i dont take or charts that i dont understand, i only see them take entries i didnt take due to risk aversion or the inherent risks with the trades.

Why am i posting this? Why am i bothering to keep this thread clean?
Even though i do not post as much or as regularly as i used to i feel that whatever i have learned or gained from this thread is openly available to newer trades to look at, learn, pick out from and incorporate use.
But this can only be done by MAINTAINING a clean and orderly thread with minimum chatter and quality explanations chartwise. This is hands down the best S/D and PA thread in the entire forum and nobody would dispute that.
So as long as red isnt back to maintain order i will try to keep my promise and keep it clean so that OTHER and newer traders will have the opportunity to learn and develop just like emene, I and many other traders did.

Now if somebody feels that i am wrong or out of bounds or that i am a disruptive force or unnecessaily harsh in this thread. Please tell me and I will remove myself from this thread even more than i am now. And trust me i barely have the time to post in here with my current obligations anyways.
Trust me when i say that i have nothing to loose by not posting in here anymore Because i have worked my ass of to work towards perfection regarding the techniques in here, and for every awesomely amazingly timed entry you see me posting in here that looks like fucking vooodoo magic, there were 100 trades before that that failed miserably that i had to pay for. The learning curve is steep and hard but its incredibly rewarding and i will once again mention to the newer traders and learners: Be prepared to work very very hard, work ridiculously long hours, and pull out your hair on many occasions because of clusterfuck situations that in your eyes will not represent order in the markets. But if you do stick around, and you do bother, and you make the effort to study this thread its techniques and practice them until you are very confident and certain in your actions.

Maybe you will look back at this thread and be thankful that somebody attempted to keep it as clean as possible so that your learning doesnt become UNNECESSARILY HARD by having to read through a ton of bullshit chatter every fucking day that is irrelevant to the purpose of this thread.

So if anybody wants to complain, go ahead and ill be out of here.


Damn, enjoy your weekend guys, ill be posting some trading mentality and tips for learning setups in the ROMTP thread and will be available for bullshit chatter in the chat thread

Enjoy

What do you guys think?

will see how this trend line reacts for the coming weeks .

GU : This shd probably go down ...Lots of spikes on top ..will look to short at market open

AU : Resistance level turned support ..Shd move higher...

Gu is so bearish that I will short it at every opportunity.
The above untested supply/breakdown confluence seems to be the next target. Narrow 30 pip range of the zone makes it so much more tempting.
Good luck

and for the fibonacci people

[quote=Orbital;4745286]



"I was sitting on Skype with michael and we were discussing crude since he assessed the situation to go to 92$ where as i was holding my picture of 95/96$ very tightly".

I am going for 9650 then a push to 9100

Well in all fairness micahel did make an AMAZING call for crude to drop on friday. To me personaly swinging on crude is a waste of time since the time/reward ratio exceeds all other timeframes on M5, but i see the point you're making. I have to go over my charts anyways, will post mine tommorow.


EJ For next week will give this a go as a swing setup.

My thought of swissy

Here is a labeled EU daily chart

Edit:

Adding daily GU

My views on eu ...

http://www.forexfactory.com/showthread.php?t=288142

HI Orbital


i take the volume(activity) in to my analysis as this at least to me gives me some more information ..


so EJ to me looks like its absorbing supply for the next move up ..

we are sitting at a supply area atm , and yes price gets compressed , but still holding gains .. and due to the high activity on several bars at this area .. looks like someone is absorbing most of the supply wich sits there ...

i think EJ is ready for the next move up .. still looks striong to me .. no signs of weakness atm...

cheers