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  • #621
  • Nov 20, 2011 9:05am Nov 20, 2011 9:05am
Quoting highlander2
here is an example from red- http://www.forexfactory.com/attachment.php?attachmentid=834676&d=1321590195
Here you go
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  • #622
  • Nov 20, 2011 9:16am Nov 20, 2011 9:16am
Quoting Ifmyante
Where would you have set the sl for a long?
I pretty much always wait for a candle to close before entering a trade, so in this 4hr example (if I was trading off the 4hr) i would have waited for a close of the bar that retested the zone. If i decided to enter this trade (which I probably wouldnt) I would have had to put my stop below the low of the tail of the retest bar or to be safe below the low of the extreme low.

Clearly if I traded the touch and put my stop below the low of the zone i would have been taken out.

Spent the last two years using support and resistance LINES rather than S+D zones, taking a bit of time to adjust.

h2
  • #623
  • Nov 20, 2011 9:17am Nov 20, 2011 9:17am
Quoting bumapatria
krav if or not ur view is important

this is chat room built ( i belive) for sole purpose of sharing methods, analysis based on price action style trading. and i see it valid possiby on lower timeframes looks better cluster but really this thread i think If built it up for everyone to learn from one another.


great job keep it up
Hi Buma,
Thanks but If was quicker and better so no need my post.
cheers
Krav.
  • #624
  • Nov 20, 2011 9:19am Nov 20, 2011 9:19am
Quoting Ifmyante
Here you go
ah thanks for clearing this up, this makes sense now!

h2
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  • #625
  • Nov 20, 2011 9:42am Nov 20, 2011 9:42am
Quoting Shaggy_rock
Hi, I've got a question about the nzd/usd chart.
Logically we would follow the higher timeframes, which in this case would make the demand level on the daily chart invalid?
Since it already broke with a lower close on the weekly.

Could we see this as a probablity that the demand zone won't hold on lower timeframes?
Or should we still see this as price is still in the demand zone and keep focus on those smaller timeframes?

I think they were talking about this pair also on the james16 thread,
so not SD wise, they were also saying sell!...
I'm making no medium term predictions on this
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  • #626
  • Edited 9:53am Nov 20, 2011 9:47am | Edited 9:53am
Quoting Shaggy_rock
Hi, I've got a question about the nzd/usd chart.
Logically we would follow the higher timeframes, which in this case would make the demand level on the daily chart invalid?
Since it already broke with a lower close on the weekly.

Could we see this as a probablity that the demand zone won't hold on lower timeframes?
Or should we still see this as price is still in the demand zone and keep focus on those smaller timeframes?

I think they were talking about this pair also on the james16 thread,
so not SD wise, they were also saying sell!

An...
I think they were talking about this pair also on the james16 thread,
so not SD wise, they were also saying sell!
Hi mate,
I don't know what sayinf folks from J16 thread but I don't think they can see any sell signal on daily or weely.
Anyway we are still in demand zone so we can still go long if we will get buy signal in our demand zone.I found nice Demand zone on 15 min tf .
Only my view.
P.S. even from J16 style on daily is something like invertent pin bar IPB(not per definition) but signal bears loosing strenth and we had 5 days only bears so this facts can be for us like another conflounce.
Krav.
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  • #627
  • Nov 20, 2011 9:57am Nov 20, 2011 9:57am
Quoting Shaggy_rock
Hi, I've got a question about the nzd/usd chart.
Logically we would follow the higher timeframes, which in this case would make the demand level on the daily chart invalid?
Since it already broke with a lower close on the weekly.

Could we see this as a probablity that the demand zone won't hold on lower timeframes?
Or should we still see this as price is still in the demand zone and keep focus on those smaller timeframes?

I think they were talking about this pair also on the james16 thread,
so not SD wise, they were also saying sell!...
I spent the last two years trading similar to j16, so i will give comment. (from a j16 point of view)

Personally i see no sell setup as of now on the daily chart. selling now is selling into support. For me i would like to see support at 7468 broken (convincingly) and then a rally back to it, to test it. If PA (pin bar, hikkake, or outside bar) indicates that the market is now respecting it as resistance I would short. you have to be aware of all the "snagging points" on the way down as it meets all the old s&r from the uptrend of the past 2 years.

its momentum vs s+r- if momentum is strong it will destroy s+r its up to you to weigh up all the information to come to a decision.
  • #628
  • Nov 20, 2011 10:04am Nov 20, 2011 10:04am
Ok.

Let's draw parallels to J16.

What do we see on AUD/JPY ?
  • #629
  • Nov 20, 2011 10:13am Nov 20, 2011 10:13am
I wasn't sayin i'm looking to sell it from here, we missed the boat 3 days ago when it hit the fresh supply, as IF pointed.
The only thing i found confusing was the lower close on weekly and the daily bar close, isn't that an inverted hammer ?

I only just started reading the J16...

AJ ? looks like still going down but almost reaching minor demand level?
Old Habits Die Hard.
  • #630
  • Nov 20, 2011 10:42am Nov 20, 2011 10:42am
It's certainly an interesting price for AJ to be at right now
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  • #631
  • Nov 20, 2011 11:37am Nov 20, 2011 11:37am
Hey guys.

Looking at AU, price looks to be slowing down moving into the demand area which also coincides with the 0.618 Fib level.
I'm waiting for a bullish reversal pattern before entering.
Any advice/criticism will be appreciated on the entry and any other way of looking at it.
Thanks

AUD/USD H4
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  • #632
  • Nov 20, 2011 2:29pm Nov 20, 2011 2:29pm
Quoting fosking
Hey guys.

Looking at AU, price looks to be slowing down moving into the demand area which also coincides with the 0.618 Fib level.
I'm waiting for a bullish reversal pattern before entering.
Any advice/criticism will be appreciated on the entry and any other way of looking at it.
Thanks

AUD/USD H4
Attachment
nice fosking im seeing similar things wih other analysis as well. i believe best thing to do wait for 9990s demand zone untouched and shoudl give a good reaction.

jsu a heads up not trying to create bias but my cycles on all tfs above m30 to daily and master charts show signs of bullishness on m30 and daily chart.

bullishd divergence on macd. i zoomed in in m5 to make things clearer

ADD: daily demand is touched and the move down i bet can be consumptive of supply and become compression to let price easily flow through. maybe...

i think aretest of the high made on the waves down can be something, but im seeing truncation already. no new lows if u see the chart. its in no wy a proper 50% retrace therefore perhaps momentum die out a bit and maybe we'll at least get retest of the high of the 'corrective' move down
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Have I got something on my face, SOLDIER?
  • #633
  • Nov 20, 2011 3:15pm Nov 20, 2011 3:15pm
My Swissie zones
Attached File(s)
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  • #634
  • Nov 20, 2011 3:38pm Nov 20, 2011 3:38pm
Quoting Ifmyante
My Swissie zones
Thanks If, most of my zones on this one are similar or the same as yours, one or two are different. I will watch both charts as the week unfolds. Thanks and good trades.

h2
  • #635
  • Nov 20, 2011 6:37pm Nov 20, 2011 6:37pm
loonie in daily supply and now in h1 supply

in the m5 chart, we see price rejection from supply and retested previous supply turned demand, and is now back in supply zone again. gap + huge bullish engulfing leaving that level so it may take a while to consume the demand there before the breakdown? i'm looking for bearish PA on h1 chart for trade signal
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  • #636
  • Nov 20, 2011 6:43pm Nov 20, 2011 6:43pm
Quoting biDc
loonie in daily supply and now in h1 supply

in the m5 chart, we see price rejection from supply and retested previous supply turned demand, and is now back in supply zone again. gap + huge bullish engulfing leaving that level so it may take a while to consume the demand there before the breakdown? i'm looking for bearish PA on h1 chart for trade signal
Looking forward to getting that bearish pa
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  • #637
  • Nov 20, 2011 7:35pm Nov 20, 2011 7:35pm
Is there a way in MT4 to know, on the chart, when a trade was taken?
I only see only horizontal lines which span the whole width of the chart.

Gabe
Every rule has an exception. Except for this one.
  • #638
  • Nov 20, 2011 7:38pm Nov 20, 2011 7:38pm
Quoting Gabe2004
Is there a way in MT4 to know, on the chart, when a trade was taken?
I only see only horizontal lines which span the whole width of the chart.

Gabe
Only after they're closed, I'm sure, by dragging the ticket number from account history in terminal onto the chart
  • #639
  • Nov 20, 2011 7:44pm Nov 20, 2011 7:44pm
Quoting Ifmyante
Only after they're closed, I'm sure, by dragging the ticket number from account history in terminal onto the chart
Thanks

I was refering to the charts that people post here, hoping that the entry time is somewhere on the chart.
Without it, I find the post informative but it could be more so with the exact entry time for a reference.

Gabe
Every rule has an exception. Except for this one.
  • #640
  • Nov 20, 2011 7:49pm Nov 20, 2011 7:49pm
Quoting Gabe2004
Thanks

I was refering to the charts that people post here, hoping that the entry time is somewhere on the chart.
Without it, I find the post informative but it could be more so with the exact entry time for a reference.

Gabe
Nope. But keep reading back, and you'll spot the entries soon enough.

Good luck with it

If
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