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  • #421
  • Sep 15, 2011 12:05pm Sep 15, 2011 12:05pm
Quoting frankkn
PT

Here's a chart of price action right now on M5 EU

A is a DBD below a RBD at H4 supply (high on SD curve). A pullback is ok here, not that I trade on limit on the M5, this is just to illustrate my point on a chart that's going right now.

B is a pullback to this level and would be a decent entry. The move from this level creates the blue zone, which is a pullback to a DBD, and I'd like to see confirmation there rather than a limit entry. This is a "V-shaped retracement" into a DBD as I mentioned in my previous post.

I'm really...
Hey

Thank you frannkn .. its clear now

cheers
  • #422
  • Sep 15, 2011 7:33pm Sep 15, 2011 7:33pm
Quoting frankkn
Here's a lesson for everyone: take a shit before your session starts.

I entered heavily on this GU M15 level (chart is M5). It was 20minutes into my session and I didn't get up until the market opened, so I was running a little behind and failed to take a dump before it was time to trade.

So I got my entries in, and trailed my stop up too soon because I wanted to go shit and got stopped for a small loss before price rocketed away.

This trade was based on H1 HH/HL, and a retracement to a strong M15 demand zone, then M5 price action entries....
Platform......check

Internet.......check

shit.....check

I must add this to my trading plan
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #423
  • Sep 16, 2011 2:39am Sep 16, 2011 2:39am
EU M15

Bounced from the yellow line I marked as demand area. Do you guys think this will be a turning point?
Attached Image (click to enlarge)
Click to Enlarge Name: 219.png Size: 191 KB
  • #424
  • Sep 16, 2011 2:55am Sep 16, 2011 2:55am
I'd like to see a retest of the diag to short.

Quoting Intel
EU M15

Bounced from the yellow line I marked as demand area. Do you guys think this will be a turning point?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 114 KB
Hello.
  • #425
  • Sep 16, 2011 2:58am Sep 16, 2011 2:58am
Quoting Intel
EU M15

Bounced from the yellow line I marked as demand area. Do you guys think this will be a turning point?
Base of pole - yum!

It's bounced now, so if it comes back and breaks, there's a nice cp beneath.
  • #426
  • Sep 16, 2011 3:12am Sep 16, 2011 3:12am
Cheers guys.

Out at BE and in short on break of the swing low.

CP = compression right?
  • #427
  • Sep 16, 2011 3:17am Sep 16, 2011 3:17am
LOL price come back above the swing low before I could enter. I'll wait for now. Still biased north I think.
  • #428
  • Sep 16, 2011 3:18am Sep 16, 2011 3:18am
Quoting Intel
Cheers guys.

Out at BE and in short on break of the swing low.

CP = compression right?
It's still in demand.

I meant if it drops and breaks demand it'll be heading for the compression

Sorry If I confused you
  • #429
  • Sep 16, 2011 3:24am Sep 16, 2011 3:24am
Quoting Ifmyante
It's still in demand.

I meant if it drops and breaks demand it'll be heading for the compression

Sorry If I confused you
I don't need you to confuse me....I can do that all by myself

BTW all trades based on PIE only, are demo. I'm still learning this method after all!!!!

If I talk about 'real' trades, they will be VSA based maybe with PIE as a back up sometimes.
  • #430
  • Sep 16, 2011 3:24am Sep 16, 2011 3:24am
It's such a lovely demand level, it's where we'd add deeper into demand rather than cut and reverse.

I'll post a chart soon
  • #431
  • Sep 16, 2011 3:29am Sep 16, 2011 3:29am
Quoting Ifmyante
It's such a lovely demand level, it's where we'd add deeper into demand rather than cut and reverse.

I'll post a chart soon
I've tried to long this twice now, both break evens.

You think this will hold still but go to the lower level?
  • #432
  • Sep 16, 2011 3:35am Sep 16, 2011 3:35am
Quoting Ultimatus
I've tried to long this twice now, both break evens.

You think this will hold still but go to the lower level?
I'm taking long scalps on it from M1 level to level all the way.

There's nothing wrong with getting paid again and again while it's making up its mind
  • #433
  • Sep 16, 2011 3:44am Sep 16, 2011 3:44am
Quoting Ifmyante
I'm taking long scalps on it from M1 level to level all the way.

There's nothing wrong with getting paid again and again while it's making up its mind
When it breaks north will you take the break of an m1 level to get in?
  • #434
  • Sep 16, 2011 3:47am Sep 16, 2011 3:47am
Quoting Ultimatus
When it breaks north will you take the break of an m1 level to get in?
I'm a bit of a coward still.

I'm only buying at demand, not on a break.
  • #435
  • Sep 16, 2011 3:48am Sep 16, 2011 3:48am
Quoting Ifmyante
I'm a bit of a coward still.

I'm only buying at demand, not on a break.
I'm with you on that, I hate breakouts
  • #436
  • Sep 16, 2011 4:09am Sep 16, 2011 4:09am
See how there's now a big discussion at the BRN 1.38
  • #437
  • Sep 16, 2011 4:12am Sep 16, 2011 4:12am
Quoting Ifmyante
See how there's now a big discussion at the BRN 1.38
discussion over now it seems to me, up we go?
  • #438
  • Sep 16, 2011 4:12am Sep 16, 2011 4:12am
Quoting Ifmyante
See how there's now a big discussion at the BRN 1.38
BRN.....Big Round Number?
  • #439
  • Sep 16, 2011 4:15am Sep 16, 2011 4:15am
Quoting Intel
BRN.....Big Round Number?
yup
  • #440
  • Sep 16, 2011 4:16am Sep 16, 2011 4:16am
Break this supply and we should be looking at H1 S next
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