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  • #281
  • Sep 5, 2011 12:50pm Sep 5, 2011 12:50pm
Heres my effort at the Gold excercise.

Sorry charts so small but I'm on a netbook at the moment.

All criticism gratefully received.

Cheers
Attached Image (click to enlarge)
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  • #282
  • Sep 5, 2011 1:00pm Sep 5, 2011 1:00pm
Well down. Also, notice how the first touch of your PPZ is also the retouch of the mini inverted head and shoulder's neckline on the left? The target is the projection of the lowest point to the neckline, from the retouch of the neckline. Id est, precisely the m1S zone...

There is no randomess whatsoever. Let they call it noise. At least we can laugh.

Quoting Malarky
Heres my effort at the Gold excercise.

Sorry charts so small but I'm on a netbook at the moment.

All criticism gratefully received.

Cheers
Hello.
  • #283
  • Sep 5, 2011 1:06pm Sep 5, 2011 1:06pm
Quoting emene
Well down. Also, notice how the first touch of your PPZ is also the retouch of the mini inverted head and shoulder's neckline on the left? The target is the projection of the lowest point to the neckline, from the retouch of the neckline. Id est, precisely the m1S zone...

There is no randomess whatsoever. Let they call it noise. At least we can laugh.
Thanks Emene

I had'nt noticed the Head and Shoulders -amazing how these patterns work out - I think I'm starting to be able to understand a little more now why price reacts as it does at these levels.

Thanks again.
Cheers
  • #284
  • Sep 5, 2011 2:42pm Sep 5, 2011 2:42pm
Nice tries on gold

but I see at least 16 good trades on that chart, given only the information provided

Any more attempts?
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  • #285
  • Edited 4:00pm Sep 5, 2011 3:27pm | Edited 4:00pm
Couldn't get the dozen on the left.

This is because your screen is bigger than mine.

Quoting Ifmyante
Nice tries on gold

but I see at least 16 good trades on that chart, given only the information provided

Any more attempts?
Attached Image (click to enlarge)
Click to Enlarge Name: goldy.jpg Size: 95 KB
Hello.
  • #286
  • Edited 3:41pm Sep 5, 2011 3:37pm | Edited 3:41pm
Certainly cant find 16 If !! but heres 3 possibles just using levels and buying/selling the inverse.

Cheers

Edit - Just seen emenes post - makes my 3 look a bit sad lol
Attached Image (click to enlarge)
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  • #287
  • Sep 5, 2011 4:41pm Sep 5, 2011 4:41pm
Quoting Ifmyante
Nice tries on gold

but I see at least 16 good trades on that chart, given only the information provided

Any more attempts?
Is that you Ken?...you scaling whore!
  • #288
  • Sep 5, 2011 4:48pm Sep 5, 2011 4:48pm
Quoting Malarky
Heres my effort at the Gold excercise.

Sorry charts so small but I'm on a netbook at the moment.

All criticism gratefully received.

Cheers
No criticism at all, but look at that drop in price to form that supply zone. Plenty of sellers here and see how price reacts 3 times off that zone. The big boys leave their fingerprints all over the chart and they're lazy fuckers! All you need to do is spot where those big orders are sitting and the order flow. Easier said than done and it takes time to learn, but be patient... you are on the right path!
  • #289
  • Sep 5, 2011 4:55pm Sep 5, 2011 4:55pm
Very glad to see so many great efforts.

When trading, we want as much information as we can possibly get. That's why I started looking at M1. When I did look I was amazed at how price moves so beautifully from level to level.

With gold, dax, and a few other instruments, the spread is tiny compared to range, so all these moves can be profited from, with little to no DD.

Let me warn you though, that If you're having trouble pressing the button on any HTF, master that TF before moving down

On the chart, green lines are patterns, red and blue arrows are, well , you know....

Best


If
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  • #290
  • Sep 5, 2011 5:00pm Sep 5, 2011 5:00pm
Quoting emene
Couldn't get the dozen on the left.

This is because your screen is bigger than mine.
What more do you need? Keeping it simple... love it!
  • #291
  • Sep 5, 2011 5:04pm Sep 5, 2011 5:04pm
Quoting bbakker
No criticism at all, but look at that drop in price to form that supply zone. Plenty of sellers here and see how price reacts 3 times off that zone. The big boys leave their fingerprints all over the chart and they're lazy fuckers! All you need to do is spot where those big orders are sitting and the order flow. Easier said than done and it takes time to learn, but be patient... you are on the right path!
Thanks for the encouragement and the insight.

I am starting to understand a bit how to spot where the big orders are placed - but when you say order flow, do you mean the speed at which the price drops/rises from the supply/demand zone or the volume ?

Dont mind it taking time, no stress in trying to rush things, just enjoying the ride/ learning curve.

Thanks again - much appreciated

Cheers
  • #292
  • Sep 5, 2011 5:06pm Sep 5, 2011 5:06pm
Quoting Ifmyante

Let me warn you though, that If you're having trouble pressing the button on any HTF, master that TF before moving down

On the chart, green lines are patterns, red and blue arrows are, well , you know....

Best


If
I could not agree more. The lower the timeframe you work on, the quicker your reactions have to be, the smaller the targets you must have, the more focus you need and the more stressful it is! If you don't believe me... you will find out soon enough.
  • #293
  • Sep 5, 2011 5:07pm Sep 5, 2011 5:07pm
Quoting bbakker
Is that you Ken?...you scaling whore!
Nope. It's definitely me. At least I think it is

Not bothering with swings so much now

Having too much fun on tiny TF. No fear, no greed, just level to level
  • #294
  • Sep 5, 2011 5:12pm Sep 5, 2011 5:12pm
Quoting Malarky
Thanks for the encouragement and the insight.

I am starting to understand a bit how to spot where the big orders are placed - but when you say order flow, do you mean the speed at which the price drops/rises from the supply/demand zone or the volume ?

Dont mind it taking time, no stress in trying to rush things, just enjoying the ride/ learning curve.

Thanks again - much appreciated

Cheers
Price is everything! Think about it! But that doesn't mean that volume doesn't help! Everything else is confluence. It is a jigsaw and you line up the pieces. Enjoying it is the main thing and focus on the trading! Wish you much success
  • #295
  • Sep 5, 2011 5:15pm Sep 5, 2011 5:15pm
Quoting bbakker
the more focus you need and the more stressful it is! If you don't believe me... you will find out soon enough.

Absolutely right. Doing it 16 hours per day, you'd probably burn out in no time.

But for half an hour on and one hour off, it's just such rewarding fun.

I have found though, that if I get greedy and try to break a zone, I will almost certainly get taken out at BE.
  • #296
  • Sep 5, 2011 5:20pm Sep 5, 2011 5:20pm
Quoting bbakker
Price is everything! Think about it! But that doesn't mean that volume doesn't help! Everything else is confluence. It is a jigsaw and you line up the pieces. Enjoying it is the main thing and focus on the trading! Wish you much success
Yep - got it, makes sense thanks and continued success to you.

Cheers
  • #297
  • Sep 5, 2011 11:22pm Sep 5, 2011 11:22pm
It's been a while since I've posted a daily EU, been very busy
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  • #298
  • Sep 6, 2011 3:08am Sep 6, 2011 3:08am
just had to post this... 140 pips on euro... 30 minutes of work... god bless technical analysis

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  • #299
  • Sep 6, 2011 3:16am Sep 6, 2011 3:16am
Quoting Orbital
just had to post this... 140 pips on euro... 30 minutes of work... god bless technical analysis

Attachment
Forget EU, check out EUR/CHF. I was in right at the bottom and exited after 68 pips in about 3 minutes.......aaarrrgghhhhhh!

LET THE PROFITS RUN!!!!!!!!
  • #300
  • Sep 6, 2011 3:25am Sep 6, 2011 3:25am
Quoting Intel
Forget EU, check out EUR/CHF. I was in right at the bottom and exited after 68 pips in about 3 minutes.......aaarrrgghhhhhh!

LET THE PROFITS RUN!!!!!!!!
Its time to give you a long overdue vouch, havent vouched for anyone recently because unlike other people (cough you know who you are ) i do not hand them out like candy

Keep up the good work and charts

Im done for the day right now actually, will wait for NY to open and see what happens and find out what fundamental bullshit caused this.

bbl
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