Romancing the Price | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

House price data price action 1 reply

Why closing price is not the same as opening price? 1 reply

Price on charts vs. Bid and Ask price 1 reply

differences between chart price and trading price 2 replies

Attachments: Romancing the Price
Exit Attachments

Romancing the Price

  • #701
  • Aug 20, 2011 4:22am Aug 20, 2011 4:22am
Quoting Orbital
Your Mom

Also

No number for Jakucha!
Come out, MR Invisible 10+V. We can see you lurking
  • #702
  • Aug 20, 2011 4:37am Aug 20, 2011 4:37am
Quoting Ifmyante
Come out, MR Invisible 10+V. We can see you lurking
Liar liar pants on fire!
  • #703
  • Aug 20, 2011 4:55am Aug 20, 2011 4:55am
Quoting Ifmyante
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?
The way i see it.
Potentially the possibilities are endless, just marking what i see off the top of my head.
Attached Image (click to enlarge)
Click to Enlarge Name: a1.jpg Size: 94 KB
  • #704
  • Aug 20, 2011 5:04am Aug 20, 2011 5:04am
Quoting Ifmyante
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?
I have been following and learning from all the great traders here and I thank everyone who is taking the time to help people like me.
I am not sure at this point I would take a setup in the last few bars since I am still studying. I would rather wait for price to come to the green rectangle area for a potential buy, if price shows it. I might be very mistaken, your guidance would be greatly appreciated.
Cheers,
Lili
Attached Image (click to enlarge)
Click to Enlarge Name: a1.jpg Size: 53 KB
  • #705
  • Aug 20, 2011 7:13am Aug 20, 2011 7:13am
Quoting T Bryant
The way i see it.
Potentially the possibilities are endless, just marking what i see off the top of my head.
Okay T. Thanks for the input.

There is and was a setup here, with confirmation.

The future can be illustrated using 2 horizontal lines and an arrow.

Hint:

Do a search through Red's posts, using the keyword 'source'.

The first correct respondent gets a free restraining order against Orbital going near their daughters
  • #706
  • Aug 20, 2011 7:38am Aug 20, 2011 7:38am
My view but it looks similar to t bryant's.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.jpg Size: 67 KB
  • #707
  • Aug 20, 2011 8:44am Aug 20, 2011 8:44am
Don't forget how important poles are to trading

Best

If
Attached Image (click to enlarge)
Click to Enlarge Name: a1.jpg Size: 85 KB
  • #708
  • Aug 20, 2011 8:46am Aug 20, 2011 8:46am
Here is our current SD map, as I see it.
Attached Image (click to enlarge)
Click to Enlarge Name: Aug20a.jpg Size: 115 KB
  • #709
  • Aug 20, 2011 8:46am Aug 20, 2011 8:46am
ok
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-20_0836.jpg Size: 69 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #710
  • Aug 20, 2011 9:03am Aug 20, 2011 9:03am
Quoting Ifmyante
Don't forget how important poles are to trading

Best

If
Hello Ifmyante,

Thank you for taking the time and explaining it all in detail. Since this is my second post I think you might have missed the first one because it was being reviewed. I came close to your answer but I always seem to want to include the high/low... I will study harder
If you don't mind, would you have taken that trade on a limit order? Atually I have no clue what tf this is, but suppose it was a small tf how would you have traded that?
I am a little confused here cause I thought we would have to wait for an engulfing north.... I might have missed something I guess

Thanks

Lili
  • #711
  • Edited 11:18am Aug 20, 2011 9:21am | Edited 11:18am
some trades from last friday..

ps/. please note that i had loosing trades too..
ratios for friday.. win/loss about 80/20 and risk/reward 1:1 to 1:3
edit: typo correction
Attached Image(s) (click to enlarge)
Click to Enlarge Name: rtp_aug_sp_004.gif Size: 41 KB
Click to Enlarge Name: rtp_aug_dax_005.gif Size: 45 KB
Click to Enlarge Name: z_trades_005.gif Size: 25 KB
Click to Enlarge Name: rtp_aug_oz_002.gif Size: 53 KB
Click to Enlarge Name: rtp_aug_eu_003.gif Size: 38 KB
Click to Enlarge Name: rtp_aug_gu_003.gif Size: 54 KB
Click to Enlarge Name: rtp_aug_crude_007.gif Size: 47 KB
  • #712
  • Aug 20, 2011 11:45am Aug 20, 2011 11:45am
Rufus

Well spotted on that anomalous bar. It was a friday close bar. Apologies for not pointing that out at first, but it's a good example of a trade which starts to go against you and tries your confidence in the setup.

Quoting LiLi70
If you don't mind, would you have taken that trade on a limit order? Atually I have no clue what tf this is, but suppose it was a small tf how would you have traded that?
Hi Lili.

The tradeable level I pointed out was worth a limit order, but I still feel best waiting for a rejection, as confirmation of the setup

Quoting LiLi70
I am a little confused here cause I thought we would have to wait for an engulfing north.... I might have missed something I guess
Engulfing bars are great. They show you when a collective change of mind on the value of an instrument has occurred. They show you a decision.

The break of a flag though is also great pa. It shows you a decision has been made on value after a period of indecision. The faster price moves away from the flag, the more definite the decision
  • #713
  • Aug 20, 2011 12:13pm Aug 20, 2011 12:13pm
Here's another exercise:

Have a look at the chart and tell me what to expect.

The one who gets this right will show that trading profitably needs a set of different skills
Attached Image (click to enlarge)
Click to Enlarge Name: a2.png Size: 7 KB
  • #714
  • Aug 20, 2011 12:31pm Aug 20, 2011 12:31pm
i am a newbie here nd still trading on demo account..
so plz correct me if im wrong.. wht i get frm this above illustration is tht price
has been rejected by support turned into resistance with a pin bar thus indicating supply is coming through so the best bet wud be going short at this time....
i might b wrong .. which iam most of the time.. but will get something to learn frm this..
really appreciate u all for teaching students like me ..
hats off ...
  • #715
  • Aug 20, 2011 12:50pm Aug 20, 2011 12:50pm
Quoting husain
i am a newbie here nd still trading on demo account..
so plz correct me if im wrong.. wht i get frm this above illustration is tht price
has been rejected by support turned into resistance with a pin bar thus indicating supply is coming through so the best bet wud be going short at this time....
i might b wrong .. which iam most of the time.. but will get something to learn frm this..
really appreciate u all for teaching students like me ..
hats off ...
Hi Husain.

Am I right in presuming that you're referring to the former setup we discussed?

If so:

That last bar, as Rufus pointed out, is an odd bar (Friday close)

Below, I've deleted part of that bar, because it was kind of unfair of me to use it in the exercise.

Regardless, your analysis was perfect, very insightful

If you're referring to the latter chart, let me know, with an explanation on the chart

Best

If
Attached Image (click to enlarge)
Click to Enlarge Name: a4.jpg Size: 70 KB
  • #716
  • Aug 20, 2011 1:11pm Aug 20, 2011 1:11pm
Hi, below is just a beginner attempt according to pure s/d , as im still learning the basic stuff with not much experience.
Attached Image (click to enlarge)
Click to Enlarge Name: a2-2.png Size: 28 KB
  • #717
  • Aug 20, 2011 2:02pm Aug 20, 2011 2:02pm
great exercise work for all of us from great trader and teacher St. Ifmyante.. keep 'm coming..

Quoting Ifmyante
Here's another exercise:

Have a look at the chart and tell me what to expect.

The one who gets this right will show that trading profitably needs a set of different skills
  • #718
  • Aug 20, 2011 2:23pm Aug 20, 2011 2:23pm
Quoting KennyZ
great exercise work for all of us from great trader and teacher St. Ifmyante.. keep 'm coming..
I know that you, The magnificent Kenny, can see the HTF in this a mile off.

Thanks for not giving the game away yet

For a real lesson though, I do hope everybody looks through your extremely generous myriad screenshots, so they may see how a true prodigy does it
  • #719
  • Aug 20, 2011 3:03pm Aug 20, 2011 3:03pm
Quoting laomall
Hi, below is just a beginner attempt according to pure s/d , as im still learning the basic stuff with not much experience.
Thanks Laomall,

very glad you got involved.

One thing though; S/D isn't all horizontal
  • #720
  • Edited 4:01pm Aug 20, 2011 3:47pm | Edited 4:01pm
Quoting Ifmyante
Thanks Laomall,

very glad you got involved.

One thing though; S/D isn't all horizontal
I still think you're a cunt, brb getting more scotch, enjoy the moldovan party you irish tranny hooker.

Muchos love <3

EDIT:

Attached Image


Really getting drunk, im off gn8
5 traders viewing now