Price is Everything Chat Room | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fozzy Chat Room 7 replies

Attachments: Price is Everything Chat Room
Exit Attachments

Price is Everything Chat Room

  • #701
  • Nov 22, 2011 3:14pm Nov 22, 2011 3:14pm
thx IF for ur reply.

if i may i would like to add some confusion im having with regarding to wicks.
i have attached a pic.
as u can see price is visiting a demand zone yet cant really rise up so im thinking these wicks candles are the battle btw sellers and buyers,for now its a balanced battle but soon one will win.
is there any way to know which one will based on those wicks? i see it asrice did not rise from demand and sellers stepped in (indicated by the upper wicks) and buyers still hanging in(indicated by the down wicks).is demand beind consumed in order to drop price?

thx again for any input.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 328 KB
  • #702
  • Edited 5:49pm Nov 22, 2011 5:36pm | Edited 5:49pm
Quoting elliotrader
thx IF for ur reply.

if i may i would like to add some confusion im having with regarding to wicks.
i have attached a pic.
as u can see price is visiting a demand zone yet cant really rise up so im thinking these wicks candles are the battle btw sellers and buyers,for now its a balanced battle but soon one will win.
is there any way to know which one will based on those wicks? i see it asrice did not rise from demand and sellers stepped in (indicated by the upper wicks) and buyers still hanging in(indicated by the down wicks).is demand...
In a case like that, it's best to zoom out to an higher TF to see if price is trying to reach a lower clean demand. Price on your chart is very deep in demand, and it looks like it's being consumed.

Whenever you're unsure of a price pattern, search through history for as many instances of it as you can - find out what triggered it, and what happened next.
The more times you do this for each pattern, the better equipped you'll be to trade them live.
Attached Image (click to enlarge)
Click to Enlarge Name: a.jpg Size: 109 KB
  • #703
  • Nov 22, 2011 7:44pm Nov 22, 2011 7:44pm
Quoting Ifmyante
Look at you, all 10+V up there


You must be doing something right
Thanks to him pointing me to here, PIE and Romancing
Great thread, great people and thanks to you all that participating on those thread
  • #704
  • Nov 22, 2011 7:57pm Nov 22, 2011 7:57pm
Quoting biDc
one of bbaker's chart above raised a question. when wicks are present within levels, how does one discern between rejection or consumption? do we base it on the future PA around the area?
everyone has a different view on that, but rejection is basically price saying 'i do not want to go there'. now we need to look at loss of momentum first. no way in an uptrend into supply and price just shoots down. watch the momentum, see how it moves. does it have trouble cracking the supply? it creates rejection wicks? or perhaps making lower lows? that is the stuff needed to be looked out for.

consumption is an obvious penetration of that level. a strong candle/bar pierces through 50%+ is an example of consumption. also watch if that level is hit multiple times. watch. is price penetrating deeper into the zone? or is it still a valid supply?
Have I got something on my face, SOLDIER?
  • #705
  • Nov 22, 2011 9:08pm Nov 22, 2011 9:08pm
Quoting ydaudw
Thanks to him pointing me to here, PIE and Romancing
Great thread, great people and thanks to you all that participating on those thread
you're welcome bro. hope u'll find a new vision in trading the price...
good luck
TRADING IS SIMPLE BUT NOT EAZY
  • #706
  • Nov 23, 2011 12:49am Nov 23, 2011 12:49am
Hello guys,

I'm newbie in trading and S/W engr. by profession.
had a little bit knowldge of economics and read theory about supply demand in the same.

when i started trading I had the feeling that this is the area where these supply demand principles will hold practicallyand after reading PIE and RTP now i'm sure about it and would like learn the same

I have started reading articles mentioned by Sir KennyZ in RTP's first post.
any other suggestion/help would be highly apreciable.

I would like to be the part of PIE empire and contribute in same

Thanks
Rakesh Jaimini
  • #707
  • Nov 23, 2011 1:01am Nov 23, 2011 1:01am
Quoting jaimini
Hello guys,

I'm newbie in trading and S/W engr. by profession.
had a little bit knowldge of economics and read theory about supply demand in the same.

when i started trading I had the feeling that this is the area where these supply demand principles will hold practicallyand after reading PIE and RTP now i'm sure about it and would like learn the same

I have started reading articles mentioned by Sir KennyZ in RTP's first post.
any other suggestion/help would be highly apreciable.

I would like to be the part of PIE empire and contribute...
suggestion? lets see... try mark out zones in any pair on any tf and try post them here and we'll see what goes next

yo have a good driving will force of strive so i think ull reach with the big guns with due effort
Have I got something on my face, SOLDIER?
  • #708
  • Nov 23, 2011 1:03am Nov 23, 2011 1:03am
Hello evryone...rookie here...

subscribed..!

Revenge of Scalper
  • #709
  • Edited 1:23am Nov 23, 2011 1:08am | Edited 1:23am
So great we have this chat room to learn PIE.
I am new to PIE and study hard, and try to catch up asap.

I just wonder Red's trading methods might have changed recently. I noticed a lot of entries without any PA confirmation. it's a little bit confused.
the following one:
trade 1:
Quoting redsword11
Attachment

and then trade 2:
Quoting redsword11
sold @ 1.35400
adding if it goes higher
manual stuff
no PA confirmation again, so great!!!
I really wanna know why he entered, small draw back, good R:R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd20111122.gif Size: 24 KB
Click to Enlarge Name: eurusd20111122 1.gif Size: 23 KB
  • #710
  • Nov 23, 2011 1:12am Nov 23, 2011 1:12am
[quote=bumapatria;5158747]suggestion? lets see... try mark out zones in any pair on any tf and try post them here and we'll see what goes next

hi Bumapatria,

I wonder is there any chance to draw zones u mentioned above automatically? (by custom indicator ? )

rgrds
Revenge of Scalper
  • #711
  • Nov 23, 2011 1:16am Nov 23, 2011 1:16am
Quoting bobowang
So great we have this chat room to learn PIE.
I am new to PIE and study hard, and try to catch up asap.

I just wonder Red's trading methods might have changed recently. I noticed a lot of entries without any PA confirmation. it's a little bit confused.
the following one:

its not changed. he sends that scout i think , and waits for the 'whipsaw' then enters the real attack of his force there. he is a hybrid trader much like many. S/D is his base, but if u carefully read his posts past and present, he uses other stuff like harmonics, and TL's etc. S/d is just a solid base for a hybrid trader. u dont have to be complete PA trader, and PA itself is powerful with any other trading styel.

to be speaking im hybrid too. i play cycles, planetary positiosn, EW, fibs, gann squares, and PA with S/d

s/d is such a solid base with PA that as a trader it gives u the chance to branch out to other techniques as well.

i still am amazed at his 'whipsaw' entries. how? he knows price.

how? screen time.



trust me bobo, there are PA confirmations. confluence is also powerful. if u see a 61.8% retrace or 50% converging with demand zone and my cycle enters making possible swing low, and i see bullish divergence that is a buy.

you see how confluence of other styles can help? i dont recommedn branching out like me, just find what u like and find profitable to apply thats all, but definitely great path u have taken to choose PA and s/d as a base.

Btw a signal doesnt have to be closed or a pattern. its about reading order flow. and really its subjective IMO if u see the flow and movement of price u can tell either to short or long on a s/d level. see the speed, see where that candle mvoes, be one with price, connect, get on a date with price, have a relationship with price.

Know Price, Know Yourself, You have nothing to Fear, - Buma
Have I got something on my face, SOLDIER?
  • #712
  • Nov 23, 2011 1:19am Nov 23, 2011 1:19am
[quote=AcesHigh;5158763]
Quoting bumapatria
suggestion? lets see... try mark out zones in any pair on any tf and try post them here and we'll see what goes next

hi Bumapatria,

I wonder is there any chance to draw zones u mentioned above automatically? (by custom indicator ? )

rgrds
hey ace, yes there is one, but dang i dont liek it. zones can be subjective as to personal views of the market. my zone and green trader's zone and if's might not be the same.

so try this, hwo bout u try drawing some levels and post a chart here? like bobo did. that should be good step to learning ur s/d base.



where is if? (wake up if...)
Have I got something on my face, SOLDIER?
  • #713
  • Nov 23, 2011 1:39am Nov 23, 2011 1:39am
[quote=bumapatria;5158776]
Quoting AcesHigh

hey ace, yes there is one, but dang i dont liek it. zones can be subjective as to personal views of the market. my zone and green trader's zone and if's might not be the same.

so try this, hwo bout u try drawing some levels and post a chart here? like bobo did. that should be good step to learning ur s/d base.



where is if? (wake up if...)
Thanks Buma,

but even S/D I dont know how to recognize it? :nerd:
can you please give me simple example how to draw S/D zone?

and also give note, why you mark it as a S/D zone..
with those info maybe i can "convert" it to a custom indy...

many thanks
Revenge of Scalper
  • #714
  • Edited 2:00am Nov 23, 2011 1:44am | Edited 2:00am
Quoting bumapatria
its not changed. he sends that scout i think , and waits for the 'whipsaw' then enters the real attack of his force there. he is a hybrid trader much like many. S/D is his base, but if u carefully read his posts past and present, he uses other stuff like harmonics, and TL's etc. S/d is just a solid base for a hybrid trader. u dont have to be complete PA trader, and PA itself is powerful with any other trading styel.

to be speaking im hybrid too. i play cycles, planetary positiosn, EW, fibs, gann squares, and PA with S/d

s/d is such a solid base...
thank you, buma, for all the words you wrote.
Red really took a lot of trades like this! amazing! did he mention it in the long thread before? maybe I missed it.

Ifmyante or others might know it. I saw some people really trade in the same way. amazing.

A normal way to trade 1 should be like this: look at the enter level. and the R:R should not be as good as Red's.
Quoting Miky
Didnt take anything out from this -> BE.
Placed another trade with tight stop, went BE again + 1 loss.
Since my 1h chart says we are in uptrend, i gave it another go..
MIKY prosper
EDIT: SL=BE +3
  • #715
  • Nov 23, 2011 2:04am Nov 23, 2011 2:04am
thx IF for ur reply.
much appriciated..
hope to contribute to this thread w trades examples rather than
Q's but first thing first...

thx again!
happy pips...
  • #716
  • Edited 2:57am Nov 23, 2011 2:43am | Edited 2:57am
This my analysis in m5 timeframe, although I feel more confortable with higher timeframe, but this I will try to learn using lower timeframe.

this is it, a megaphone. will short at supply area

Please correct me, if i"m wrong
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 70 KB
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #717
  • Nov 23, 2011 3:42am Nov 23, 2011 3:42am
Hi,

My analysis
Attached Image (click to enlarge)
Click to Enlarge Name: 11-23-2011 3-07-40 PM.png Size: 12 KB
  • #718
  • Nov 23, 2011 4:44am Nov 23, 2011 4:44am
Quoting jaimini
Hi,

My analysis
looks like it worked but I took early entry should have waited for M15 candle to finish
when will I start controlling my emotions (
  • #719
  • Nov 23, 2011 7:17am Nov 23, 2011 7:17am
Quoting jaimini
looks like it worked but I took early entry should have waited for M15 candle to finish
when will I start controlling my emotions (
once u know urself and price ja
Have I got something on my face, SOLDIER?
  • #720
  • Nov 23, 2011 7:20am Nov 23, 2011 7:20am
Quoting bumapatria
once u know urself and price ja
how to see the possible targets
coz i made nothing out of this trade
1 trader viewing now