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Close Price VS Median Price (or other price types) 33 replies

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  • #161
  • Jul 6, 2011 8:07am Jul 6, 2011 8:07am
Quoting fxgroup
usdcad...0.9669? Let's see!
You don't have to belive me...check your own chart!
Nothing personal,just business
  • #162
  • Jul 6, 2011 9:08am Jul 6, 2011 9:08am
I believe you, however the question is why 0.9669? Here's my vision.

http://img221.imageshack.us/img221/1442/usdcadd.gif
  • #163
  • Jul 6, 2011 9:43am Jul 6, 2011 9:43am
[quote=Nino;4755930]
Quote
I believe you, however the question is why 0.9669? Here's my vision.

You have a good vision, Nino !
Nothing personal,just business
  • #164
  • Jul 7, 2011 8:18am Jul 7, 2011 8:18am
Quoting fxgroup
usdcad...0.9669? Let's see!
Well, well, well, look to the today candle, where the P made RET !

Any doubt,any surprise ? Not at all,reading the P,we already knew WPD+WPG !
Nothing personal,just business
  • #165
  • Jul 7, 2011 10:10am Jul 7, 2011 10:10am
I want to share something is just realize. I was reading another thread today about what is behind price and how we can benefit knowing this. I read it all day and all i can get is headache big one. Nothing make sense to me but one thing strike me one of the people that do understand this concept said something very stupid (at least for me) that not knowing that and using technical and so on you will lose in forex. This whole thread is a prove that this guy is baldy mistaken. Yesterday i was able to make 500 pips doing what fxgroup showing us here. Reading the price you do not have to know everything in order to make money you have to see what is happening in order to make right decision.
  • #166
  • Jul 7, 2011 10:26am Jul 7, 2011 10:26am
After i start reading all i can find by Sam Seiden and supply and demand i start to think for the market really from a different angle. In order price to move in one direction to another we have to fight with certain areas that were proven to be important in the history. Price goes like a magnet to all this areas and when they are broken we look for the next like that. One example how we can benefit by knowing that this was pretty easy trade using that knowledge. Still
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  • #167
  • Jul 7, 2011 2:34pm Jul 7, 2011 2:34pm
Quoting teodosy87
After i start reading all i can find by Sam Seiden and supply and demand i start to think for the market really from a different angle. In order price to move in one direction to another we have to fight with certain areas that were proven to be important in the history. Price goes like a magnet to all this areas and when they are broken we look for the next like that. One example how we can benefit by knowing that this was pretty easy trade using that knowledge. Still
EURGBP
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Nothing personal,just business
  • #168
  • Jul 7, 2011 3:25pm Jul 7, 2011 3:25pm
REcently i ask myself how valid are the zones of previous support/resistance. By privies i am talking about about zones that are way back as the one you are showing for me only recent matters. I think they are valid and strong ones and big boys are watching them ... Any thoughts about this ?
  • #169
  • Jul 7, 2011 4:27pm Jul 7, 2011 4:27pm
Quoting teodosy87
REcently i ask myself how valid are the zones of previous support/resistance. By privies i am talking about about zones that are way back as the one you are showing for me only recent matters. I think they are valid and strong ones and big boys are watching them ... Any thoughts about this ?
If you notice, I don't use the term "zone", I use "level" and I will explain why:the term zone is not wrong, but means a larger area where to wait/watch for buyers/sellers (very often a closure of couple of pips above/bellow a certain level, make the difference). During my trading path,personaly I was looking for something more precise,simplier,easier to work as my best "filter" for my trades.Studying, I dicovered thet in 99% of cases, the Price respect the S/R levels TO THE PIP! As a consequences of all this, I decided to take ONLY the trades that TOUCHES TO THE PIP the S/R levels.

The old levels are very important, because at these level, many traders(big boys or small boys...for me all of them are just simple buyers/sellers) put their orders in order to get in the trades or to get out of trades, to protect their profits but most of all the losses.When the P reaches those levels, ALL the orders are activated and the P reacts.
Nothing personal,just business
  • #170
  • Jul 10, 2011 3:09am Jul 10, 2011 3:09am
Quoting fxgroup
This pair is what I'm interesting on.

RM with the trend. A b.out with a RET,would be.......!

When you understand WPD+WPG, it is fun to watch!
This is getting closer and closer !
Nothing personal,just business
  • #171
  • Jul 10, 2011 3:32pm Jul 10, 2011 3:32pm
Quoting fxgroup
RR

If you want to buy or sell one of this car...the best thing you have to do is...WAITING !
Do you remember this? Let's take a look today! It could be a clue!
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Nothing personal,just business
  • #172
  • Jul 10, 2011 3:54pm Jul 10, 2011 3:54pm
The same levels on different charts.
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Nothing personal,just business
  • #173
  • Jul 11, 2011 4:47am Jul 11, 2011 4:47am
PTT&TTP
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Nothing personal,just business
  • #174
  • Jul 12, 2011 2:11pm Jul 12, 2011 2:11pm
Quoting fxgroup
Waiting for the close! We have already been there!
Do you remember this post? I'm not here to show me off and you don't have to belive me....just check your chart!
Nothing personal,just business
  • #175
  • Jul 13, 2011 9:37am Jul 13, 2011 9:37am
Quoting fxgroup
Do you remember this post? I'm not here to show me off and you don't have to belive me....just check your chart!
Just perfect!

http://img841.imageshack.us/img841/5300/audcadd.gif
  • #176
  • Jul 13, 2011 4:47pm Jul 13, 2011 4:47pm
[quote=Nino;4776193]
Quote
Just perfect!
It is just market=buyers=sellers=S=R and practice,practice and more practice! Nothing more, nothing less!
Nothing personal,just business
  • #177
  • Jul 14, 2011 5:37pm Jul 14, 2011 5:37pm
GBPJPY....130.27 with a small problem at 128.70 ??? Let's see it !
Nothing personal,just business
  • #178
  • Jul 18, 2011 12:55pm Jul 18, 2011 12:55pm
About GBPJPY, on M the P is on RM, buyers are looking for more at RM S.
We may notice how the 05/01 candle that look as an HM, has is tail @ 130,27.

http://img204.imageshack.us/img204/7739/gbpjpym.gif

On W the P stil on RM, we see a buyers reaction with the PB that close as an H, now I see better the lvl 130,27.

http://img853.imageshack.us/img853/1926/gbpjpyw.gif

On D the P is on Dynamic RM, it's more clear how those lvl are working. I see the lvl 128,70 as a very weak R in the past, so as you told, will be a small problem.

http://img607.imageshack.us/img607/9498/gbpjpyd.gif
  • #179
  • Jul 19, 2011 2:10pm Jul 19, 2011 2:10pm
This is a post I made 2 weeks ago.....This is today. The patience awards the sellers.
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Nothing personal,just business
  • #180
  • Jul 19, 2011 4:41pm Jul 19, 2011 4:41pm
Hi All,

I am glad to join Ur thread, I am quite new to PA, but my first trades were very profitable without any indicators. Since early morning in eu time zone all my trades mostly eur/usd were really good, but when US traders started in europen aftrnoon I constantly traded wrong way. So psychology in trades behavior between different nations from my point of view makes difference in traders behavior. Btw I will observe and lern from You and expirenced Ppl in price. Let see Ur next moves ...
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