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Price is everything

  • #20,821
  • Oct 27, 2011 4:02pm Oct 27, 2011 4:02pm
Short scalp
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  • #20,822
  • Oct 27, 2011 4:07pm Oct 27, 2011 4:07pm
Quoting Forethan
Hi Red!

Thanks for sharing your knowledge for free!!!

Have you ever thought to create a live webinar for educational of FF newbies like me????

there is enough material out there, including webinars with regards to S/D and PA

not really my thing to do webinars. l think charts posted with all the reasoning should be enough and it also helps you develop because you have to do some of your own thinking through your own thinking process ........ in this process things tend to stick in better. One of the ways things stuck in for me is l used to draw charts out with pencil and paper and draw the patterns out. This might seem odd to many, but if you do this you will find it a good memorable exercise - it sticks in your mind and vision of price and thats what you need in the live markets


anyway, you have your own journey and this thread and KennyZ RTP thread has enough material for you
  • #20,823
  • Oct 27, 2011 4:16pm Oct 27, 2011 4:16pm
Quoting chazzle
Short scalp

rarely - l have a sell limit @ 1.07373 as an add to the exisiting sell l have in higher
  • #20,824
  • Oct 27, 2011 4:19pm Oct 27, 2011 4:19pm
Quoting Forethan
Hi Red!

Thanks for sharing your knowledge for free!!!

Have you ever thought to create a live webinar for educational of FF newbies like me????
Check out RTP- http://www.forexfactory.com/showthread.php?t=288142

Learning PA is as much about screen time if not more, than simply reading about it and being taught it. Difficult subject to teach imho, you just have to take in what you can an develop your own style. There is no substitute for experience.

Reds putting on a clinic here, I am enjoying it a lot.

h2
  • #20,825
  • Oct 27, 2011 4:24pm Oct 27, 2011 4:24pm
Quoting chazzle
Short scalp
done
  • #20,826
  • Oct 27, 2011 4:27pm Oct 27, 2011 4:27pm
Quoting redsword11
rarely - l have a sell limit @ 1.07373 as an add to the exisiting sell l have in higher
nice - exactly at that top of that circled candle
  • #20,827
  • Oct 27, 2011 4:40pm Oct 27, 2011 4:40pm
Thanks for fast answer
I study the charts,i study...

Highlander2, i read all stuf on RTP, this topic and three others
And i have the PIE ebook on my phone for studying when i've got my daily 30 minutes break in my job.
Study is a thing but trading is other thing!!!
  • #20,828
  • Oct 27, 2011 4:44pm Oct 27, 2011 4:44pm
Quoting Forethan
Study is a thing but trading is other thing!!!
never a truer word said....
  • #20,829
  • Oct 27, 2011 4:46pm Oct 27, 2011 4:46pm
Quoting redsword11
Attachment



arrival


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there is a hammer in the zone, yet to be taken north, but monitor
  • #20,830
  • Oct 27, 2011 4:52pm Oct 27, 2011 4:52pm
Quoting chazzle
nice - exactly at that top of that circled candle

ahhh, yes ........ you noticed


was tempted to sell it when you did, anyway, we have loads to get @ tomorrow


interesting arrival to many key areas on Thursday towards asia setting up for Friday London open ........ can't be a random thing surely


@highlander2, also nice to meet another Scot too ......... thanks for the comments
  • #20,831
  • Oct 27, 2011 4:53pm Oct 27, 2011 4:53pm
Quoting chazzle
Short scalp
In again , let's see - would take less than 10 even
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  • #20,832
  • Oct 27, 2011 4:57pm Oct 27, 2011 4:57pm
Quoting chazzle
In again , let's see - would take less than 10 even
not much , but taking it while it's there - feels a bit riskier this one
  • #20,833
  • Oct 27, 2011 5:05pm Oct 27, 2011 5:05pm
Quoting redsword11
can't be a random thing surely

like my mate PTL says - it's all one trade . Speaking personally , I would love it every pair traded like this Aussie right now - all the time
  • #20,834
  • Oct 27, 2011 5:15pm Oct 27, 2011 5:15pm
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  • #20,835
  • Oct 27, 2011 5:19pm Oct 27, 2011 5:19pm
Quoting chazzle
like my mate PTL says - it's all one trade . Speaking personally , I would love it every pair traded like this Aussie right now - all the time


got rather stressed with it today, several bails, taken out @ breakevens etc


been high liquidity into zones today



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not sure what to do with this either ........ might go into EU thread for some sound advice ........
  • #20,836
  • Oct 27, 2011 5:26pm Oct 27, 2011 5:26pm
Quoting redsword11
got rather stressed with it today, several bails, taken out @ breakevens etc

not sure what to do with this either ........ might go into EU thread for some sound advice ........
yup - I wasn't around till late afternoon - probably good for me , sounds weird but I don't do well when the market is so one sided - always something to learn , to get better at I suppose ...

... and yeah , you'll definitely get advice from all sides in there
  • #20,837
  • Oct 27, 2011 9:01pm Oct 27, 2011 9:01pm
sold. scalping south. price rolling over
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  • #20,838
  • Oct 27, 2011 9:10pm Oct 27, 2011 9:10pm
Quoting Dropped Onion
sold. scalping south. price rolling over
partial close at minor s/r.
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  • #20,839
  • Oct 27, 2011 9:40pm Oct 27, 2011 9:40pm
Quoting Dropped Onion
partial close at minor s/r.
rest off here at demand and round number.
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  • #20,840
  • Oct 28, 2011 12:10am Oct 28, 2011 12:10am
I think these two posts would cover a large percentage of what a novice needs for learning to trade. Thank you both.

Quoting redsword11
Attachment


PA ......... pin, break of pin ..........sold


light scalping for now, this wont turn in just one configuration




refereing to pending orders .......... Its Price arrival, PA WATCH ( NOT PENDING ORDERS ), FOLLOWED BY EXECUTION @ A ZONE OF INTEREST TO YOU BY SOMETHING YOU RECOGNIZE


@ SUPPLY ANY PAIR ANY TF ........ LOOKING FOR SOME FORM OF BEARISH ENGULFING

@ DEMAND ANY PAIR ANY TF ........ LOOKING FOR SOME FORM OF BULLISH ENGULFING


none of the above has anything to do with limits, they are a guess...
Quoting Porkpie
some quick stats I looked at a while back. Out of a sample of 80 trades looking at hourly and 15min SD levels, 67.5% wins with PA on 5min minimum 2:1 RR, without PA it was 55% - (larger time frame rangebound market eurusd). I still use limits on the strongest levels using the odds enhancers but you need to be strict with your criteria. In essence, use supply and demand levels with any style you want as long as it fits, make it your own. The flaw I have with Seiden's work is that stop hunting strategies will break through supply/demand. If you have...
Charts are limited in nature. What is the relative location?
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