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Price is Everything Chat Room

  • #261
  • Sep 5, 2011 4:03am Sep 5, 2011 4:03am
Quoting Intel
Have I got this right?
Unless you have bullish signs in the HTFs, expect nothing until the zone is broken

Best

If
  • #262
  • Sep 5, 2011 4:06am Sep 5, 2011 4:06am
Quoting Intel
Have I got this right?
Supply has been consumed here. If it makes a higher low, then it has a high probability of going through supply, but the higher timeframes are pointing south to the bottom of the range ~0.865
  • #263
  • Sep 5, 2011 4:12am Sep 5, 2011 4:12am
Thanks you 2. I wasn't suggesting that price WILL/SHOULD come back to the zone, only what should happen IF IT DOES.
  • #264
  • Sep 5, 2011 4:12am Sep 5, 2011 4:12am
Quoting Orbital
In regards to what michael posted there isnt really a lot that is to be said....
i didnt know "Seiden webinar" is a book.

Quoting Ifmyante
.
Lessons learned all round....
Sir Mike is a really nice guy


hello Sir Intel,
nice to see u wandering around like i do.
  • #265
  • Sep 5, 2011 4:20am Sep 5, 2011 4:20am
Quoting supremeChaos
i didnt know "Seiden webinar" is a book.


Sir Mike is a really nice guy


hello Sir Intel,
nice to see u wandering around like i do.
Hey big boy. Just trying to improve things a bit. Trying NOT to use VSA when analysing charts is a bloody nightmare

Is the red line a reasonable entry point short?
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  • #266
  • Sep 5, 2011 4:22am Sep 5, 2011 4:22am
Quoting Intel
Hey big boy. Just trying to improve things a bit. Trying NOT to use VSA when analysing charts is a bloody nightmare

Is the red line a reasonable entry point short?
BTW just to be clear, I am not trading any of the charts I post here. Just trying to get to grips in real time.
  • #267
  • Sep 5, 2011 4:24am Sep 5, 2011 4:24am
Quoting Intel
Thanks you 2. I wasn't suggesting that price WILL/SHOULD come back to the zone, only what should happen IF IT DOES.
If it does come back to this zone, price will react to it. How price arrives back to the zone is also important. If it is stair-stepping up creating plenty of demand zones below it, it should consume the supply in this area and keep going further up. If price moves very quickly back to this zone with no demand zones below it, it might not break the supply zone because there is no demand to support it. I hope that makes sense.
  • #268
  • Sep 5, 2011 4:27am Sep 5, 2011 4:27am
Quoting bbakker
If it does come back to this zone, price will react to it. How price arrives back to the zone is also important. If it is stair-stepping up creating plenty of demand zones below it, it should consume the supply in this area and keep going further up. If price moves very quickly back to this zone with no demand zones below it, it might not break the supply zone because there is no demand to support it. I hope that makes sense.
Perfectly yes. Cheers.
  • #269
  • Sep 5, 2011 4:31am Sep 5, 2011 4:31am
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Will react here with tl confluence! Closed a little of my short. I have bigger longer-term targets further south
  • #270
  • Sep 5, 2011 4:55am Sep 5, 2011 4:55am
Quoting bbakker
Attachment

Will react here with tl confluence! Closed a little of my short. I have bigger longer-term targets further south
Ok perhaps I should be able to see it but I can't. Why did you enter short there? I take it the entry was at the LAST time price hit that level?
  • #271
  • Sep 5, 2011 5:33am Sep 5, 2011 5:33am
Quoting Intel
Ok perhaps I should be able to see it but I can't. Why did you enter short there? I take it the entry was at the LAST time price hit that level?
Lower timeframe supply and trendline which isn't on this chart of mine. I will have to dig it out, if I still have it...
  • #272
  • Sep 5, 2011 6:31am Sep 5, 2011 6:31am
Quoting Intel
Hey big boy. Just trying to improve things a bit...
Is the red line a reasonable entry point short?
just noticed your post. told u i wander around a lot.
u'll get used to it.

well, considering everything, not just S&D, i think this is not a good short, since price is near possible M30 demand around 1.2570-80. not to mention 1.2600 area (which is just 20pips away). looking at H4, to me it shows price has just launched up from a demand level &/or support area.
i think price is headed towards H4 supply level around 1.2700. then possibly 1.2900 area D1 supply level.

i rarely trade audnzd, & im still learning this stuff like u. i try to learn different things all at the same time.
  • #273
  • Sep 5, 2011 8:27am Sep 5, 2011 8:27am
Quoting Intel
Hey big boy. Just trying to improve things a bit. Trying NOT to use VSA when analysing charts is a bloody nightmare

Is the red line a reasonable entry point short?
Also, price failed to make a lower low, printed a higher high, then a higher low (also on the weekly chart!)... so the momentum is still with the bulls.

Is this for a day trade or scalp?

I would be looking for longs on this pair right now, rather than shorts.
  • #274
  • Sep 5, 2011 8:43am Sep 5, 2011 8:43am
Quoting bbakker
Also, price failed to make a lower low, printed a higher high, then a higher low (also on the weekly chart!)... so the momentum is still with the bulls.

Is this for a day trade or scalp?

I would be looking for longs on this pair right now, rather than shorts.
It's niether. As I said earlier, I'm not trading these charts yet. Just trying to get to grips with it all. I'm interested in your opinions.
  • #275
  • Sep 5, 2011 9:02am Sep 5, 2011 9:02am
While the market's slow, here's an exercise:

What trading opportunities were there on this chart? Give entries, stops and tg's

What PA and patterns are there to help you decide?
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  • #276
  • Sep 5, 2011 9:04am Sep 5, 2011 9:04am
Quoting Intel
It's niether. As I said earlier, I'm not trading these charts yet. Just trying to get to grips with it all. I'm interested in your opinions.
Ah, but the supply zone is valid if you are doing a scalp, but not valid if doing a swing. I like to keep it simple and make sure I am in sync with the higher timeframes.
  • #277
  • Sep 5, 2011 9:07am Sep 5, 2011 9:07am
Quoting Ifmyante
While the market's slow, here's an exercise:

What trading opportunities were there on this chart? Give entries, stops and tg's

What PA and patterns are there to help you decide?
I would answer, but I don't want to spoil it for others.
  • #278
  • Sep 5, 2011 9:32am Sep 5, 2011 9:32am
Quoting bbakker
Ah, but the supply zone is valid if you are doing a scalp, but not valid if doing a swing. I like to keep it simple and make sure I am in sync with the higher timeframes.
LOL I see where you're coming from, thanks.
  • #279
  • Sep 5, 2011 9:53am Sep 5, 2011 9:53am
Quoting Ifmyante
While the market's slow, here's an exercise:

What trading opportunities were there on this chart? Give entries, stops and tg's

What PA and patterns are there to help you decide?
my contribution.. sorry that the zones were not marked as accurately as i was using paint instead directly from the chart on mt4... hopefully it is still fathomable
gold is testing the previous highs now/soon, so it will be interesting to watch
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  • #280
  • Sep 5, 2011 10:15am Sep 5, 2011 10:15am
Quoting dboywholived
my contribution.. sorry that the zones were not marked as accurately as i was using paint instead directly from the chart on mt4... hopefully it is still fathomable
gold is testing the previous highs now/soon, so it will be interesting to watch
Very nice dboy!
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