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  • #641
  • Nov 20, 2011 8:10pm Nov 20, 2011 8:10pm
This is my simple analysis from EUR/USD, please correct me, if I'm wrong

Bearish flag on EUR/USD H1 timeframe,
Now is good time for long, estimate target to the cross sign, will short at that cross sign

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 80 KB
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #642
  • Nov 20, 2011 8:18pm Nov 20, 2011 8:18pm
Quoting Du Jin Shan
This is my simple analysis from EUR/USD, please correct me, if I'm wrong

Bearish flag on EUR/USD H1 timeframe,
Now is good time for long, estimate target to the cross sign, will short at that cross sign

Attachment
The cross sign on where our short place, is confirmed by the supply level


Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 84 KB
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #643
  • Nov 20, 2011 9:41pm Nov 20, 2011 9:41pm
Quoting Ifmyante
~~
Below is the first setup like yours that I saw on the chart. Where would you have set the sl for a long?
I still do not get how you guys get in these trades so early. Here's my take on your chart.

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Good Trading
  • #644
  • Nov 21, 2011 11:29am Nov 21, 2011 11:29am
If,

can you post the indi your using to display the symbol and time frame in the background of your charts?

got mixed up today so need something like this to keep me right!

looked around but cant find it.

h2
  • #645
  • Nov 21, 2011 11:31am Nov 21, 2011 11:31am
Quoting highlander2
If,

can you post the indi your using to display the symbol and time frame in the background of your charts?

got mixed up today so need something like this to keep me right!

looked around but cant find it.

h2
No problem
Attached File(s)
File Type: mq4 Symbol and timeframe.mq4   78 KB | 579 downloads
  • #646
  • Nov 21, 2011 11:33am Nov 21, 2011 11:33am
Quoting Ifmyante
No problem
Thanks If!
  • #647
  • Nov 21, 2011 11:46am Nov 21, 2011 11:46am
Sorry If cannot get it to work? so I tried compiling it and got 62 warnings?

h2
  • #648
  • Nov 21, 2011 11:48am Nov 21, 2011 11:48am
Quoting highlander2
Sorry If cannot get it to work? so I tried compiling it and got 62 warnings?

h2
Very odd
Attached File(s)
File Type: ex4 Symbol and timeframe.ex4   11 KB | 716 downloads
  • #649
  • Nov 21, 2011 12:04pm Nov 21, 2011 12:04pm
will see the PA further
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TRADING IS SIMPLE BUT NOT EAZY
  • #650
  • Nov 21, 2011 12:28pm Nov 21, 2011 12:28pm
Quoting green_trader
will see the PA further
enjoyed scalping this pair aswel, through 5m, too much noise for me on a 1M.

Actually the first higher low swing since last week, heheh, might better have kept one or two running.

Enjoy!

i'd like to add, gold and oil act bullish too. (headz). yummy
Old Habits Die Hard.
  • #651
  • Nov 21, 2011 12:34pm Nov 21, 2011 12:34pm
Quoting Shaggy_rock
enjoyed scalping this pair aswel, through 5m, too much noise for me on a 1M.

Actually the first higher low swing since last week, heheh, might better have kept one or two running.

Enjoy!

i'd like to add, gold and oil act bullish too. (headz). yummy
yes, and the spread is fu**ing wide...
lolz
u 2 enjoy buddy...
TRADING IS SIMPLE BUT NOT EAZY
  • #652
  • Nov 21, 2011 3:10pm Nov 21, 2011 3:10pm
Spent the last two years using support and resistance LINES rather than S+D zones, taking a bit of time to adjust.

h2


It may sound ignorant, but I thought they were basically the same thing.... The more I read this simple stuff the more confused I get, LOL....


Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #653
  • Nov 21, 2011 3:43pm Nov 21, 2011 3:43pm
Quoting poncho1
Spent the last two years using support and resistance LINES rather than S+D zones, taking a bit of time to adjust.

h2


It may sound ignorant, but I thought they were basically the same thing.... The more I read this simple stuff the more confused I get, LOL....


Poncho
basically a demand zone is a zone of accumulation of momentum. i mean a zone where price is ready to kick off. now itts almost like gambling to trade that, we trade the after effect when price comes back! supply is a level where sellers have sold before and created a price they would like to sell in the future as well, given the price is nice and 'expensive'. Demand is where buyers are expected to buy from a period of very tight clustering then BANG. so what we can expect when price comes back to that level, we can expect to buy or sell with the professionals who look to buy or sell there.

its not 100% success guarantee, but i only use s/r for flips support becomes resistance and vice versa, but truthfully if price reaches resistance, its a supply getting hammered. same with support. its getting hammered and ready to break soon. its already late or not best to know the opposite side drove that deep into the side you are willing to get into.

ill try post some examples to help you out
Have I got something on my face, SOLDIER?
  • #654
  • Nov 21, 2011 3:50pm Nov 21, 2011 3:50pm
supply and demand levels in DAX in the past to help poncho visualize what is supply and demand.

there is no 'right' way of drawing the level. so it can be quite subjective at times
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Have I got something on my face, SOLDIER?
  • #655
  • Nov 21, 2011 6:34pm Nov 21, 2011 6:34pm
Buma,

Thanks for help and chart example, still trying absorb your stop hunting video... my accounts not big enough to hunt stops...
" I can read the left side of the chart, the right side's a Bitch!
  • #656
  • Nov 21, 2011 6:43pm Nov 21, 2011 6:43pm
Quoting poncho1
Buma,

Thanks for help and chart example, still trying absorb your stop hunting video... my accounts not big enough to hunt stops...
hey poncho,

its not about the account. the point of stop hunting is to accumulate greater profit then just closing it at a high or low. we need to see where buyers buy, sellers sell, and where the amateurs are trapped. there are a lot trapped and stops get hit, u get lots of profit because those stops are actually going in ur direction. did u see my aud usd sstop hunt?

if i banked at res. i wouldve got only 16 pips but i know that sellers still have stops and some sellers are dumb enough to 'sell at resstance' and put tight stops. the good thing was that the cluster of stops you 'see' is actually trying to predict order flow of the market. see where sellers sell see wher buyers buy and the most important is MOMENTUM. who is stronger at the current moment? what should YOU look to look for setups in price? do you want to short a bull market with lots of hungry willing buyers making a massive pole? ure probably in profit, but ure just selling people taking profit.

the thing i keep talking about is momentum. know the momentum, and know when people buy, know when people sell, know their stops, ure manipulating the market itself, and being the ASSASSIN. you're not a bull, or a bear, you are the stealth assassin, ready to strike and KILL.
Have I got something on my face, SOLDIER?
  • #657
  • Nov 21, 2011 7:13pm Nov 21, 2011 7:13pm
Hey Buma,


A question, On attached chart I bought at 1.5350 with 50 pip back stop(entry order) and hit, was I stop hunted? I have to trade on a daily basis and am trying to figure if I can apply this to my strategy... don't have time for scalping with a day job.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd touch.gif Size: 30 KB
" I can read the left side of the chart, the right side's a Bitch!
  • #658
  • Nov 21, 2011 7:19pm Nov 21, 2011 7:19pm
Quoting poncho1
Hey Buma,


A question, On attached chart I bought at 1.5350 with 50 pip back stop(entry order) and hit, was I stop hunted? I have to trade on a daily basis and am trying to figure if I can apply this to my strategy...

yes if it is hit then it is hunted. its is a demand zone so it is not your fault that yo uexpect a rise in order flow of buyers. the thing is not wanting to see what u want to see, but seeing what u are seeing. to me i can tell that it hunted buyers at because there were very willing sellers ready to drive it tad more. see how they read order flow? they know there are stops to get hit there.

see how the close of price was much higher? then we can tell sellers took all their well earned profits by the whole trend and the stop hunt.

that trapped both sides.

the early buyer and the dumb seller. the early buyer would be you and many others, and the dumb seller sells after price has done the hunt, and their stops are hunted too, adding the momentum to create the spike UP.
Have I got something on my face, SOLDIER?
  • #659
  • Nov 21, 2011 7:26pm Nov 21, 2011 7:26pm
Buma,

Based on daily momentum I would look for action @ the 1.5700 area? Or am I thinking like amateur?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd now supply.gif Size: 25 KB
" I can read the left side of the chart, the right side's a Bitch!
  • #660
  • Nov 21, 2011 7:33pm Nov 21, 2011 7:33pm
Quoting poncho1
Buma,

Based on daily momentum I would look for action @ the 1.5700 area? Or am I thinking like amateur?
in just my own personal opion, its not amateur to want action near an area, no of course not.

i find lower tf momentum easier to read. but on h1 u can tell that sellers are profit taking ,and buyers might enter on lower tf demand zones.

u cant tell what is going to happen unless it actually happened.
Have I got something on my face, SOLDIER?
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