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Price Attraction Points

  • #81
  • Apr 8, 2011 9:45am Apr 8, 2011 9:45am
Hey WMD and other contributors

You put us in appetite with this tread that you have started. Mind to continue. This is a real fresh air that change from many other post relating on entries, MA, Setup etc.

You opened up my eyes ( and to others to probably) to look at markets charts with a different view

Anyway, thanks to you and others who have contributed to it.

Have a nice weekend

Martin
  • #82
  • Apr 13, 2011 9:45am Apr 13, 2011 9:45am
Can we have more on this Gap and Refill?
  • #83
  • Apr 15, 2011 10:58am Apr 15, 2011 10:58am
Fully formed quad on cable.


http://i55.tinypic.com/2cz8yrs.gif
No way I'll wreck this... It's a beer truck!
  • #84
  • Apr 15, 2011 12:46pm Apr 15, 2011 12:46pm
I haven't read the entire thread, but scrolling down, most of the posts I saw contained charts with technical patterns. Why not take a fundamental approach? Good models on, for example, purchasing power parity, show that there is long-term mean reversion (e.g. to parity of the real exchange rate.)
The nail that sticks out gets hammered back in
  • #85
  • Jun 20, 2011 8:06am Jun 20, 2011 8:06am
Just got a new blog site up an running. A massive achievement for a technophobe like me.



Heres the link: http://wmd4x.tumblr.com/


Check out the kebab section, its where all the useful stuff is.


Theres also a thingy allowing guest posts so you can put stuff up that you think is useful.
  • #86
  • Jun 21, 2011 1:37am Jun 21, 2011 1:37am
Quoting wmd
Just got a new blog site up an running. A massive achievement for a technophobe like me.



Heres the link: http://wmd4x.tumblr.com/


Check out the kebab section, its where all the useful stuff is.


Theres also a thingy allowing guest posts so you can put stuff up that you think is useful.
Sweet. I'm there.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #87
  • Jun 21, 2011 2:45am Jun 21, 2011 2:45am
Quoting wmd
Just got a new blog site up an running. A massive achievement for a technophobe like me.



Heres the link: http://wmd4x.tumblr.com/


Check out the kebab section, its where all the useful stuff is.


Theres also a thingy allowing guest posts so you can put stuff up that you think is useful.
Nice blog, WMD, good to see you back on the block.

Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #88
  • Jun 22, 2011 12:05pm Jun 22, 2011 12:05pm
Quoting wmd
Just got a new blog site up an running. A massive achievement for a technophobe like me.



Heres the link: http://wmd4x.tumblr.com/


Check out the kebab section, its where all the useful stuff is.


Theres also a thingy allowing guest posts so you can put stuff up that you think is useful.

I like the creative instint of your website, sure to read and follow,but i did not see the kebab section. thanks
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #89
  • Jun 23, 2011 3:32am Jun 23, 2011 3:32am
The site is still work in progress.

Heres a link. http://wmd4x.tumblr.com/lessons
  • #90
  • Jul 3, 2011 8:57pm Jul 3, 2011 8:57pm
First attempt at video blog anlaysing pa:

http://wmd4x.tumblr.com/post/7210610...ow-price-moves
  • #91
  • Jul 3, 2011 10:07pm Jul 3, 2011 10:07pm
Quoting wmd
First attempt at video blog anlaysing pa:

http://wmd4x.tumblr.com/post/7210610...ow-price-moves

This is absolutely wonderful and serene.

Your video made my day, my friend, truly stupendous!
  • #92
  • Jul 4, 2011 5:56am Jul 4, 2011 5:56am
Its settled then. Starting work on a sequal!
  • #93
  • Jul 4, 2011 1:28pm Jul 4, 2011 1:28pm
In the spirit of support turning into resistance and of resistance turning into support.

Here is an EU H1 chart that I've marked all over using MS Paint.

On the most recent move, I've marked in green areas that were successful R turned S. In red I've marked unsuccessful S turned R. In purple I've marked the distance price traveled before returning for a successful retest.

This shows that when you have a S/R level that is being broken, it is of paramount importance that we consider how strong/fast/far price broke. The areas marked in red did not get broken in the same fierce manor as the green levels.
Attached Image (click to enlarge)
Click to Enlarge Name: j4a.jpg Size: 54 KB
  • #94
  • Jul 4, 2011 1:51pm Jul 4, 2011 1:51pm
I think you guys might enjoy this indicator...it was made to try and mimic the supply/demand areas that Sam Seiden uses. IMHO supply/demand is the same as support/resistance. I use this indie to help me spot the potential levels (actually, areas, not specific levels) when I'm lazy and haven't been updating my charts with manually-drawn horizontal lines.

Best Regards,
NeoRio
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-04_1149.png Size: 75 KB
Attached File(s)
File Type: mq4 II_SupDem.mq4   29 KB | 689 downloads
Sentiment: Short on cash. Long on hope.
  • #95
  • Jul 4, 2011 2:50pm Jul 4, 2011 2:50pm
Quoting NeoRio
I think you guys might enjoy this indicator...it was made to try and mimic the supply/demand areas that Sam Seiden uses. IMHO supply/demand is the same as support/resistance. I use this indie to help me spot the potential levels (actually, areas, not specific levels) when I'm lazy and haven't been updating my charts with manually-drawn horizontal lines.

Best Regards,
NeoRio
My trading revolves around supply and demand levels.

Some humble advice is to be careful with that indicator

This is what Porkpie said recently regarding this indicator, and I agree with him strongly

Quote
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.
Link


Edit

Neorio
Quote
IMHO supply/demand is the same as support/resistance

I know what you mean by this, however, in the context of wmd's video support is a broken high and vice versa; as opposed to Sam's method of identifying imbalance in supply and demand by looking at the odds enhancers that PP mentioned in the quoted post
  • #96
  • Jul 4, 2011 4:59pm Jul 4, 2011 4:59pm
Agreed.

...and like I said, I much prefer hand-drawing the levels in myself...but the indie can help kick-start the process...on lazy days.

Neo
Sentiment: Short on cash. Long on hope.
  • #97
  • Edited Jul 7, 2011 6:37am Jul 6, 2011 8:27pm | Edited Jul 7, 2011 6:37am
The sequal to the prequal.

http://wmd4x.tumblr.com/

Inserted Video
  • #98
  • Jul 6, 2011 10:23pm Jul 6, 2011 10:23pm
I like that II_SupDem indi, easy on the eyes. I use three lines on my chart to trade these zones, with the Tipster EA and this indi, I think I'm ready to turn a profit!

The website of the guy that wrote that indi has some other interesting stuff, here is his web site http://insanityindustries.net/viewtopic.php?f=10&t=10

There is a tool (it's an EA) that I use to place trades you might want to check out. It doesn't figure out entry and exit, you do that by moving lines on the chart. This post exlains it with text and a video, and the code is available too.

http://www.forexfactory.com/showthread.php?t=250637
Tipster Trendlines - Trade from the chart
  • #99
  • Jul 6, 2011 11:32pm Jul 6, 2011 11:32pm
Quoting wmd
The sequal to the prequal.

http://wmd4x.tumblr.com/
Glorious video my friend looking forward to trading with you

Here's a chart, price is moving down so where is resistance?
Attached Image (click to enlarge)
Click to Enlarge Name: july7a.jpg Size: 47 KB
  • #100
  • Jul 7, 2011 12:06pm Jul 7, 2011 12:06pm
Quoting frankkn
Glorious video my friend looking forward to trading with you

Here's a chart, price is moving down so where is resistance?
Here's today's price action on EU
Attached Image (click to enlarge)
Click to Enlarge Name: july7d.jpg Size: 55 KB
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