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Attachments: Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound
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Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

  • #1,141
  • Aug 3, 2011 4:43am Aug 3, 2011 4:43am
Quoting PhAnTi'
ok, why didnt the candle in the black box close below the previous demand area ( marked in peachpuff colour ) ?

why we got more buyers than sellers in the area below the demand area,means the pinbar closed above the bottom range of the demand ( = support) area and more buyers went in = price goes up.

hope this helps,

anyway try to improve your english, thats actually the most important variable in here to learn and contribute ....doesnt take that long, some months and you're up-to-date....also try to read as much as possible and take a dicitonary...
ok now I understand the second figure .. Forex Basic
if I am correct this is to understand more precisely the demand area

once the price is in that area.. just wait for the MACD and Stoch go up
or there are other signs that show the changing trends with more confidence?

Excuse me if you understand late
I'am working with English and I promise that when I'll good with this system will help the forum
  • #1,142
  • Aug 3, 2011 5:08am Aug 3, 2011 5:08am
Doro,Jeremy,Bull,

this would've been my entry candle on the aussie for a long :

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 152 KB


doji on h4 with rsx oversold mode, target previous demand area cause we expect the deamnd area turned into supply one.
Hero calls followed by margin calls...
  • #1,143
  • Aug 3, 2011 5:10am Aug 3, 2011 5:10am
Quoting Danyjoe
ok now I understand the second figure .. Forex Basic
if I am correct this is to understand more precisely the demand area

once the price is in that area.. just wait for the MACD and Stoch go up
or there are other signs that show the changing trends with more confidence?

Excuse me if you understand late
I'am working with English and I promise that when I'll good with this system will help the forum
love italian..but i dont speak it .... working in a Pizzeria for moonlightning though

anyway

Quote
there are other signs that show the changing trends with more confidence?

price action,order flow, patterns etc...you need a firm overall knowledge about the market, you cant trade profitable just by following strict entry/exit rules, you need ''the feeling'' about the markets movements.
Hero calls followed by margin calls...
  • #1,144
  • Aug 3, 2011 5:12am Aug 3, 2011 5:12am
morning
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 129 KB
  • #1,145
  • Aug 3, 2011 5:56am Aug 3, 2011 5:56am
Quoting Dorobantu
morning
Attachment
waht sell limit?? sell limit very dangeros
sell stop is beter
one secret in the forex. im belive.
  • #1,146
  • Aug 3, 2011 5:59am Aug 3, 2011 5:59am
Quoting eslami
waht sell limit?? sell limit very dangeros
sell stop is beter
na with limit orders we try to pick a price near the top and near the bottom,sell stops and buy stops just go with the flow,but u usually get worse prices, depends on your style of trading though
Hero calls followed by margin calls...
  • #1,147
  • Aug 3, 2011 5:59am Aug 3, 2011 5:59am
Quoting eslami
waht sell limit?? sell limit very dangeros
sell stop is beter
sell stop if you want to sell price lower than current ,
sell limit for higher than current price

actually sell stop bit dangerous, it might executed miles a away during news time
Mohan
  • #1,148
  • Edited 9:17am Aug 3, 2011 8:50am | Edited 9:17am
Quoting Dorobantu
morning
Attachment
looks nice dorobantu...are you in?

i try to get an entry on 1.3370
  • #1,149
  • Aug 3, 2011 9:20am Aug 3, 2011 9:20am
Quoting PhAnTi'
Doro,Jeremy,Bull,

this would've been my entry candle on the aussie for a long :

Attachment

doji on h4 with rsx oversold mode, target previous demand area cause we expect the deamnd area turned into supply one.
awesome dude...goes exactly that way
  • #1,150
  • Aug 3, 2011 10:52am Aug 3, 2011 10:52am
EUR AUS H4
RSX over sold
Approaching near supply area.
But trend is very strong and yet dont have any reversal confirmation from PA.
candle or etc.
once reversal strong sign showed up. a gud r:r is possible.

--not supporting AUS Slowing Economy and RATE down rumors in near future. might be pushing AUD to push down further. so cuation and must need a strong reversal signal from PA + .


Please check out faults in analysis.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud h4.jpg Size: 119 KB
  • #1,151
  • Aug 3, 2011 11:26am Aug 3, 2011 11:26am
Bull, I got in really bad @ 1.333x, floating loss now but with a small volume. Let's see how it will react to the next area of supply
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 130 KB
  • #1,152
  • Aug 3, 2011 12:30pm Aug 3, 2011 12:30pm
Quoting Dorobantu
Bull, I got in really bad @ 1.333x, floating loss now but with a small volume. Let's see how it will react to the next area of supply
Attachment
thats business, how about a second sell order? i am just got in by 1.3350
  • #1,153
  • Aug 3, 2011 12:32pm Aug 3, 2011 12:32pm
GBP/USD H1...a possible area for an entry
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 43 KB
  • #1,154
  • Aug 3, 2011 12:40pm Aug 3, 2011 12:40pm
Quoting PhAnTi'
love italian..but i dont speak it .... working in a Pizzeria for moonlightning though

anyway



price action,order flow, patterns etc...you need a firm overall knowledge about the market, you cant trade profitable just by following strict entry/exit rules, you need ''the feeling'' about the markets movements.
I'm not disappeared
I'm practicing .. find the areas of demand and identify precisely the points of entry ..
are 132 pips for today
but still are not clear .. Sometimes I go negative and then recover after time ..
  • #1,155
  • Aug 3, 2011 12:44pm Aug 3, 2011 12:44pm
Quoting PhAnTi'
Doro,Jeremy,Bull,

this would've been my entry candle on the aussie for a long :

Attachment

doji on h4 with rsx oversold mode, target previous demand area cause we expect the deamnd area turned into supply one.
There was also a pretty large trendline coming in there, so I did at larger longs there and basically diluted my earlier Longs so currently around BE. Bad timing but it seems like its reversing and 1.09 seems like a decent target, with SL and BE after a break of 1.08.
  • #1,156
  • Aug 3, 2011 4:07pm Aug 3, 2011 4:07pm
Quoting Anpips
EUR AUS H4
RSX over sold
Approaching near supply area.
But trend is very strong and yet dont have any reversal confirmation from PA.
candle or etc.
once reversal strong sign showed up. a gud r:r is possible.

--not supporting AUS Slowing Economy and RATE down rumors in near future. might be pushing AUD to push down further. so cuation and must need a strong reversal signal from PA + .


Please check out faults in analysis.
Hey Anpips,

first of all thank you for your chart and your post.
second i'll give you my heads up regarding eur aud, note: usually i dont trade this pair at all.

Quote
RSX over sold

It's overbought

..circled area would've been my supply area, but pa just crossed it with no shake = very strong move. So i dont wanna sell here anymore. The more i hope that the supply turned to demand and try to buy at a retest of the previous supply area.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 121 KB


Attached Image (click to enlarge)
Click to Enlarge Name: euraud2.jpg Size: 126 KB


Quote
But trend is very strong and yet dont have any reversal confirmation from PA.
candle or etc.
once reversal strong sign showed up. a gud r:r is possible.

Very well said.So we didint have any sign of reversal and didnt take a trade here .... = was obv. the right decision not to short there

well done,

looking forward to further posts

hope this helps, if not...dont stop asking

kindly regards
Jonas
Hero calls followed by margin calls...
  • #1,157
  • Aug 3, 2011 4:11pm Aug 3, 2011 4:11pm
Quoting Dorobantu
Bull, I got in really bad @ 1.333x, floating loss now but with a small volume. Let's see how it will react to the next area of supply
Attachment
u just sold after a break of the supply area.... thats a pretty bad move, sry bro...

there are two possible lines : either yu trade the breakout or you buy a retest of the supply and hope for a supply turned demand area (works pretty well).

sry for the loss, hope you got out cheap?

Jonas
Hero calls followed by margin calls...
  • #1,158
  • Aug 3, 2011 4:13pm Aug 3, 2011 4:13pm
Quoting bullzeye
GBP/USD H1...a possible area for an entry
hey bro,

stay patient and wait for this supply : We try to sell as high as possible to get maximum r:r's ...

also search for divergences and wait for rsx to be in oversold/bought mode,

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 171 KB


Jonas

Hero calls followed by margin calls...
  • #1,159
  • Aug 3, 2011 4:20pm Aug 3, 2011 4:20pm
Quoting Danyjoe
I'm not disappeared
I'm practicing .. find the areas of demand and identify precisely the points of entry ..
are 132 pips for today
but still are not clear .. Sometimes I go negative and then recover after time ..
thats pretty nice, quiet a lot.

try to make 30 a day on average and youll be wealthy within months
Hero calls followed by margin calls...
  • #1,160
  • Aug 3, 2011 4:21pm Aug 3, 2011 4:21pm
Quoting JeremyWS
There was also a pretty large trendline coming in there, so I did at larger longs there and basically diluted my earlier Longs so currently around BE. Bad timing but it seems like its reversing and 1.09 seems like a decent target, with SL and BE after a break of 1.08.
yeah,guys u need more patience....it's all about patience, catching the best r:r trades.

you dont need to make 400 pips a day, 400 pips a week are enough
Hero calls followed by margin calls...
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