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Romancing the Price

  • #441
  • Jul 25, 2011 9:04pm Jul 25, 2011 9:04pm
Quoting aud
Great post frank. Do not be too concerned with any criticism you may get of this post in another thread. Good to see you keeping an open mind.

Best of luck with your goals.
Thank you pal

No concerns. I am hungry for criticism, it may sound crazy but I truly enjoy it. If the criticism has any value then it will do nothing but make me $
  • #442
  • Jul 25, 2011 9:08pm Jul 25, 2011 9:08pm
couple of closed latest eu scalp trades..

i've been holding the lower one fairly long time for my standards..

most of the time being patient pays better..
Attached Image
  • #443
  • Edited 9:59pm Jul 25, 2011 9:49pm | Edited 9:59pm
Update :

For me , I did not get the usual 2 layers of strength I normally look for on the 4 hr TF , but there was a reason for it .. One was created on the 8 hr TF , so I took that ..

Now Remember - If You short, the Monkeys win !!

Inserted Video



Good nite !!!
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  • #444
  • Jul 26, 2011 2:44am Jul 26, 2011 2:44am
Quoting KennyZ
couple of closed latest eu scalp trades..

i've been holding the lower one fairly long time for my standards..

most of the time being patient pays better..
Hey Kenny may you eXplain your second e/u entry. thanks in advance
  • #445
  • Jul 26, 2011 5:37am Jul 26, 2011 5:37am
hi atton,

second entry doesn't look like a conventional supply and demand trading.. usually, you wouldn't buy within supply cluster but i was bullish about eu since last sunday.. see my charts added here on sunday: http://www.forexfactory.com/showthre...06#post4805106

keeping in mind supply was hit few times and momentum bars.. just took first possible bull flag.. same thing i did with gu and au


Quoting atton
Hey Kenny may you eXplain your second e/u entry. thanks in advance
  • #446
  • Jul 26, 2011 12:48pm Jul 26, 2011 12:48pm
Quoting KennyZ
i hope i'm not too late.. just seen it.. explanation texts are on the candle..
Don't be fooled, that's Itachi!
  • #447
  • Jul 26, 2011 1:24pm Jul 26, 2011 1:24pm
boring day

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  • #448
  • Jul 26, 2011 1:45pm Jul 26, 2011 1:45pm
Hello Folks
I do not remmember who I have seen postiong that he has few positions on few Pairs ..
let me ask this, what is the logic behind having positions on few paires,,if not hedging..
why not put the whole investment on one instrument?


aligater
born to speculate
  • #449
  • Jul 26, 2011 2:10pm Jul 26, 2011 2:10pm
there is this old saying comes into mind..

"Don't put all your eggs in one basket"




Quoting aligater
Hello Folks
I do not remmember who I have seen postiong that he has few positions on few Pairs ..
let me ask this, what is the logic behind having positions on few paires,,if not hedging..
why not put the whole investment on one instrument?


aligater
  • #450
  • Jul 26, 2011 2:45pm Jul 26, 2011 2:45pm
Quoting aligater
Hello Folks
I do not remmember who I have seen postiong that he has few positions on few Pairs ..
let me ask this, what is the logic behind having positions on few paires,,if not hedging..
why not put the whole investment on one instrument?


aligater
For the same reason anyone trades several pairs, spreading risk per trade (as long as all pairs are uncorrelated), frequency (more trades on a time frame that suits), and diversity.
  • #451
  • Jul 26, 2011 4:42pm Jul 26, 2011 4:42pm
Quoting frankkn
H4 EU

Edit:

Just wanted to share some thoughts

When you're a beast of a trader like IF, Orbital, Kenny, or Emene your intuition can guide you when it comes to trading SD levels. Like Orbital mentioned in his excellent post above, he would miss lots of trades by waiting for engulfings.

I am a conservative trader, and as such the safety that an engulfing brings me helps me a lot in my trading. It is almost like a safety net that helps me manage my trade more efficiently. I am only looking for a handful of trades per week, because...
That's bang on bro! Sweet as a nut. Let's go fishing!
  • #452
  • Jul 28, 2011 6:37pm Jul 28, 2011 6:37pm
one of my recently closed trade...

would you have sold here [yellow rectangle].. try not to view right side from sell point and look to the left.. for this i have also put second chart with right of entry blanked for your convenience..

how do you read the pa...

you may download, add remarks etc and upload the chart..
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  • #453
  • Edited 8:24pm Jul 28, 2011 7:42pm | Edited 8:24pm
Quoting KennyZ
one of my recently closed trade...

would you have sold here [yellow rectangle].. try not to view right side from sell point and look to the left.. for this i have also put second chart with right of entry blanked for your convenience..

how do you read the pa...

you may download, add remarks etc and upload the chart..
The initial test of the level and rather quick retreat shows lots of supply there. Then the level finally gets broken and we start to see exhaustion. First the highest high on your chart 1312ish from what I can tell shows consolidation/indecision (if you throw on an oscillator or some sort of indicator you will most likely see some divergence). Finally between this high and your entry we see consolidation (indecision again) sellers eventually win and prices drop. The level eventually gets broken and sellers take a break while price pulls up. Important to note that the candle that you entered on is included in an m15 doji.
EDIT: The second test of the level (looks like your broker is 7 hours ahead of EST if so at 15:45) has candles opening lower then the close of the candle which shows supply/selling.

By the level I mean your entry point as a s/r or s/d level.

Id appreciate any input, if Im reading something wrong or missed something.
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  • #454
  • Jul 28, 2011 8:11pm Jul 28, 2011 8:11pm
Quoting andy9775
The initial test of the level and rather quick retreat shows lots of supply there. Then the level finally gets broken and we start to see exhaustion. First the highest high on your chart 1312ish from what I can tell shows consolidation/indecision (if you throw on an oscillator or some sort of indicator you will most likely see some divergence). Finally between this high and your entry we see consolidation (indecision again) sellers eventually win and prices drop. The level eventually gets broken and sellers take a break while price pulls up. Important...
I'd love to respond, but I'm really bad at letting any information about a chart soak in which isn't posted on a chart.

I did try, believe me. Maybe it's just way past my bedtime
  • #455
  • Jul 28, 2011 8:17pm Jul 28, 2011 8:17pm
Quoting Ifmyante
I'd love to respond, but I'm really bad at letting any information about a chart soak in which isn't posted on a chart.

I did try, believe me. Maybe it's just way past my bedtime
I would say he sold it there for profit....

Good catch Kenny.. Someday I will be adding the E-minis to my repertoire


Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #456
  • Jul 29, 2011 10:12pm Jul 29, 2011 10:12pm
nice analysis on chart andy.. good job..

the reason i took the trade before your possible entry candle was previous supply levels matched to my entry point.. i found that sometimes looking whole price structure pays better than just looking to current pa for entry point...

have many good ones.....

Quoting andy9775
...
Id appreciate any input, if Im reading something wrong or missed something.
  • #457
  • Edited 11:46pm Jul 29, 2011 10:28pm | Edited 11:46pm
lets talk about the chart below.. it's one of Red's chart..

can you read the future pa from what you see on this chart... would you buy or sell from what you see.. if so why and where?

i cut out time, price and pair info as they are not really important when it comes to reading pa

as Red says, any time.. any price.. any instrument...

ps/. it would be nice and clear if you could put your comments on the chart with pointers etc.
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  • #458
  • Jul 29, 2011 11:37pm Jul 29, 2011 11:37pm
A spike and drop of this supply zone earlier to demand zone has happened so we should look for long here after a bull engulf completes above this zone with sl below this supply zone . Tg should be the place wer a big red candle has dropped on the left ..So will look to long here ..

Another thing ,

Sellers zone has been weakened compared to buyer . Buyer zone came to supply zone from demand in just 3 to 4 candles while sellers zone has lots of candles .It should be buyer zone now

Correct me if am wrong ..


Thanks






Quoting KennyZ
lets talk about the chart below.. it's one of Red's chart..

can you read the future pa from what you see on this chart... would you buy or sell from what you see.. if so why and where?

i cut out time, price and pair info as they are not really important when it comes to reading pa

as Red says, any time.. any price.. any instrument...
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #459
  • Jul 30, 2011 9:41am Jul 30, 2011 9:41am
hey kenny..
iam probably vry new to forex.. but find urs orbital's, infymante's and some other peoples posts vry helpful. iam vry thankful to u guyz for taking out time to post ur trades and show us all a path of how to trade of s/d areas properly.

iam vry new to this but still if i was looking at this chart ..i wud had drawn a rectangle at the high and low of the consolidation which is going on in the supply zone and wud enter long if upper line is broken otherwise short if downward...
looking at the price structure and price arrival into the supply zone i think going short wud b a safe bet..

all positive critics welcome...

thanku all guyz again...
  • #460
  • Jul 31, 2011 10:26am Jul 31, 2011 10:26am
here is the full chart from Red...

you can still add your comments..

idea is to get you traders into discussion.. learning from each other.. remember there is no advance single right or wrong when it comes to markets..

i welcome those traders who have the time and balls to add their own views here instead of nick-picking....
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