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Romancing the Price

  • #681
  • Aug 19, 2011 1:51am Aug 19, 2011 1:51am
Quoting karnivol
hi i'm new to the thread not sure if i'm on the right track with the price action stuff? at the demand level ive got 3 pin bars good for a buy? supply level had a bearish engulfing candle?also into 4hr demand so i should just take demand levels?
cheers nik
cool entries karnivol...

here also my entriy :
http://uploadpic.org/storage/2011/th...R2sq2q3EgD.jpg
TRADING IS SIMPLE BUT NOT EAZY
  • #682
  • Aug 19, 2011 1:59am Aug 19, 2011 1:59am
thanks green tea is that the kind of price action we're looking for? http://www.forexfactory.com/images/icons/icon7.gif
  • #683
  • Aug 19, 2011 2:05am Aug 19, 2011 2:05am
The areas I'm watching right now. Am I on the right track?? Because it feels like I am but not totally sure.
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  • #684
  • Aug 19, 2011 4:37am Aug 19, 2011 4:37am
Quoting PandaBBQ
Sth to learn S&D, just my view. Write down in RED's thread and make a copy here.


I'd like to share the way hw to learn RED's thread. Just my method, maybe not the best.

Ask yourself these questions when reading RED's charts(dont look at the pairs' name or tf):

1. Is it U or invert U?
2. Where's the supply?
3. Where's the demand? (If its a long trade, should ask the No.3 question first --- find entry zone first)
4. What the candlestick patterns to support the entry?
5. Is the entry near a trendline/major support resistance line?
6. Whats...
Good list but I think you missd out the most important which is what are the higher time frame supply and demand as these are what ultimately drive movement on the lower time frames in terms of the order flow. But always good to take counter trend opportunities when price becomes 'parabolic' as measured from a moving average for example, and lined up with a smaller time frame level. Not sure how you incorporate the U and inverted U patterns. Good to see after the fact but thats all imo.
  • #685
  • Aug 19, 2011 6:03am Aug 19, 2011 6:03am
Remaining dax closed:

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  • #686
  • Aug 19, 2011 8:24am Aug 19, 2011 8:24am
It seems so easy in Seiden's videos, but when I try it it doesn't work :|

Did I do anything obviously wrong, or were they just average trades?
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  • #687
  • Aug 19, 2011 8:30am Aug 19, 2011 8:30am
hi if ,
if you are around could you check/correct these levels and got any opinions about g/u?
thanks and have a nice weekend
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  • #688
  • Aug 19, 2011 8:45am Aug 19, 2011 8:45am
Quoting Porkpie
Good list but I think you missd out the most important which is what are the higher time frame supply and demand as these are what ultimately drive movement on the lower time frames in terms of the order flow. But always good to take counter trend opportunities when price becomes 'parabolic' as measured from a moving average for example, and lined up with a smaller time frame level. Not sure how you incorporate the U and inverted U patterns. Good to see after the fact but thats all imo.
Thanks for the comment. The U and inverted U shape is as same as 'parabolic'. By define "U", it help me to see where price is current locate, and migth head to where (since there r only 3 level of U for me, top/halfway/bottom). Its nothing to help improving the winning possibility, merely make the chart clear to see and S&D more easier to understand.

Thank u.
  • #689
  • Aug 19, 2011 5:15pm Aug 19, 2011 5:15pm
Quoting riko2705
hi if ,
if you are around could you check/correct these levels and got any opinions about g/u?
thanks and have a nice weekend
Hi Riko,

It's been such a busy day today, I didn't get anything but trading done.
This leaves me with perfect vision in hindsight!

Nevertheless, anyone looking for swings who had the GU chart open should've caught this move.
Sorry I had to patch this chart together. I couldn't get it all on the screen.

Best


If
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  • #690
  • Aug 19, 2011 6:04pm Aug 19, 2011 6:04pm
Quoting riko2705
hi if ,
if you are around could you check/correct these levels and got any opinions about g/u?
thanks and have a nice weekend
---------
Attached Image
  • #691
  • Aug 19, 2011 8:40pm Aug 19, 2011 8:40pm
Thanks ..i too catched the move for 54 pips


Demand turned into supply at high

Looks like a good GU long at Current Demand price ...








Quoting Ifmyante
Hi Riko,

It's been such a busy day today, I didn't get anything but trading done.
This leaves me with perfect vision in hindsight!

Nevertheless, anyone looking for swings who had the GU chart open should've caught this move.
Sorry I had to patch this chart together. I couldn't get it all on the screen.

Best


If
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #692
  • Aug 20, 2011 2:53am Aug 20, 2011 2:53am
Quoting mangalesh
Thanks ..i too catched the move for 54 pips


Demand turned into supply at high

Looks like a good GU long at Current Demand price ...
Well done M.

That was a sweet trade
  • #693
  • Aug 20, 2011 3:16am Aug 20, 2011 3:16am
Hi guys, I had my best ever week trading this week and it's all down to the help from the many great traders in this thread.

I'm not sure what it was but something felt like it clicked into place a few days ago for me so I thought I'd post here thanking everyone for your help.

I look forward to giving back and helping others by posting charts when I feel like I qualify.

  • #694
  • Aug 20, 2011 4:03am Aug 20, 2011 4:03am
Quoting Ifmyante
Hi Riko,

It's been such a busy day today, I didn't get anything but trading done.
This leaves me with perfect vision in hindsight!

Nevertheless, anyone looking for swings who had the GU chart open should've caught this move.
Sorry I had to patch this chart together. I couldn't get it all on the screen.

Best


If
thank you if ,great seeing
good weekend ..
  • #695
  • Aug 20, 2011 4:13am Aug 20, 2011 4:13am
Quoting taomql4
---------
thank you taomq4..
good weekend
  • #696
  • Aug 20, 2011 4:41am Aug 20, 2011 4:41am
Quoting Ultimatus
Hi guys, I had my best ever week trading this week and it's all down to the help from the many great traders in this thread.

I'm not sure what it was but something felt like it clicked into place a few days ago for me so I thought I'd post here thanking everyone for your help.

I look forward to giving back and helping others by posting charts when I feel like I qualify.

Glad to hear you had your EUREKA moment!

It's an amazing feeling when it happens.

There are a number of these revelations that will sink in over time, each one helping to turn you into a mechanical trader, free from the constraints of fear and greed.

A little cryptic advice:

Don't try to study price, try to see it instead.

Best to all

If
  • #697
  • Aug 20, 2011 5:07am Aug 20, 2011 5:07am
Is there a setup here?
Was there a setup within the last few bars?
Would you trade it?
If so, how would you trade it?
If not, why not?
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  • #698
  • Aug 20, 2011 5:29am Aug 20, 2011 5:29am
Well within the last few bars there was this. But price didn't move very far away from it and prices spiked into the zone before moving away from it so I wouldn't have taken it.

If price keeps moving down then it would reach the demand zone at the base of the move up, but prices spent too long there and the zone is quite big so wouldn't take that either...
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  • #699
  • Aug 20, 2011 6:10am Aug 20, 2011 6:10am
Thanks Rustam

Anybody else?
  • #700
  • Aug 20, 2011 6:17am Aug 20, 2011 6:17am
Quoting Ifmyante
Thanks Rustam

Anybody else?
Your Mom

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