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  • #841
  • Nov 29, 2011 4:08am Nov 29, 2011 4:08am
Quoting gristar
Sorry Buma. I am slow learner.
I have question.
How do you know momentum is switching? Can you show me in chart? maybe easier for me to understand.
In my chart, the 3 bear candles, how do you know whether
1. it is momentum switching or
2. buyer tping/trapping seller?
How to differentiate between the 2?
Can you give me some clue how to check momentum?

that is when the chart is live my friend. ill try to make a video on a trade but that alone would make me take a trade FOR a video...

its when its open. taht candle/bar when it is open that is the key to momentum. basically understand this, whos in power? who is more 'clean' in their move? check the hihgs and lows. price did get there but why didnt it close there? traps are with momentum watch. right now im stop hunting and locked to show a trap look:

here is an example of a trap. i trapped myself to prove that it is a damn well laid trap!

check it out, that is no reaction that is PROFIT TAKING TRAP.
Attached Image (click to enlarge)
Click to Enlarge Name: profit taking trap.gif Size: 16 KB
Have I got something on my face, SOLDIER?
  • #842
  • Nov 29, 2011 4:26am Nov 29, 2011 4:26am
and the stop hunt.

how? momentum against weak. weak went short many did and left sl's to be hunted.

why? because they think they can countertrend such thing!

so its best again to go with momentum. proven here below
Attached Image (click to enlarge)
Click to Enlarge Name: fuck me baby.gif Size: 16 KB
Have I got something on my face, SOLDIER?
  • #843
  • Nov 29, 2011 4:51am Nov 29, 2011 4:51am
Thanks Buma,
I will read your post a few times more and think what u said.
Appreciate it!!!
Quoting bumapatria
and the stop hunt.

how? momentum against weak. weak went short many did and left sl's to be hunted.

why? because they think they can countertrend such thing!

so its best again to go with momentum. proven here below
  • #844
  • Nov 29, 2011 9:24am Nov 29, 2011 9:24am
Buma u see this.. recent from Red.
So spectacular
With so strong momentum up he could sell at the point.
How he sense the switch of momentum?

(http://www.forexfactory.com/attachment.php?attachmentid=844004&d=1322579864)
  • #845
  • Nov 29, 2011 9:53am Nov 29, 2011 9:53am
Quoting gristar
Buma u see this.. recent from Red.
So spectacular
With so strong momentum up he could sell at the point.
How he sense the switch of momentum?

http://www.forexfactory.com/attachment.php?attachmentid=844004&d=1322579864
ah that would be him. he's a more aggresive PA trader using the levels that will most likely bounce wth most confluence, that u can just take it. the thing is think of it this way if:

if ure a seller u want a high price
a buyer u want a low price

therefore that price was considered 'high'.
he basically took the trade with fast execution with no doubt. its all about taking chances - kennyz.

m1 u could see i bet the momentum switch but m5 that is another story. look at the risk if he took it, what 5 pips?

thats the deal in forex. minimzed risk with maximum profit capabilities.

either way there is momentum switch. m1 can be easier i believe to see the switch, but its about selling high buying low. i dont mean a high or low either.

u need to sell where buyers are likely to Tp and sellers are most likely to enter. im sure red had a lot of confluence for that short gri.

and minimal risk, heck i wouldve taken it.
Have I got something on my face, SOLDIER?
  • #846
  • Nov 29, 2011 9:56am Nov 29, 2011 9:56am
Just notice how the price left the top last time it was there. Was it many small candles or a big red one ? You got your answer.

Quoting gristar
Buma u see this.. recent from Red.
So spectacular
With so strong momentum up he could sell at the point.
How he sense the switch of momentum?

http://www.forexfactory.com/attachment.php?attachmentid=844004&d=1322579864
Hello.
  • #847
  • Nov 29, 2011 9:57am Nov 29, 2011 9:57am
Quoting gristar
Buma u see this.. recent from Red.
So spectacular
With so strong momentum up he could sell at the point.
How he sense the switch of momentum?

Please, look the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 112 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #848
  • Nov 29, 2011 9:59am Nov 29, 2011 9:59am
Quoting emene
Just notice how the price left the top last time it was there. Was it many small candles or a big red one ? You got your answer.
yup. emene said it correct.

basiCALLY supply and demnad is and are zones likely to be defended by the opposing side gri, i mean if it dropped real bad before chances are price will be defended by bears again.

its chance taking with logic and confluence. and momentum. it was just fast, that it was like a pendulum. up swing, down swing as i said before. the deceleration process was part of sellers entering therefore i wont blame anyone for not trading that or trading it.


ADD: did u see boouba's post? THAT my friend is the power of confluence and PPA (past price action)
Have I got something on my face, SOLDIER?
  • #849
  • Nov 29, 2011 10:03am Nov 29, 2011 10:03am
OK, there is a very important sentence here, very very important. Everything is really well put, but this one, keep it :

"I think Red had great results because he knows exactly where the price will go if he is wrong and where it will go if he is right."

You can meditate on this.

Quoting boubafx
Please, look the chart
Hello.
  • #850
  • Nov 29, 2011 10:05am Nov 29, 2011 10:05am
Thank you bumapatria, boubafx and emene. Got knowledge from you guys. Thanks..
  • #851
  • Nov 29, 2011 10:06am Nov 29, 2011 10:06am
Quoting emene
OK, there is a very important sentence here, very very important. Everything is really well put, but this one, keep it :

"I think Red had great results because he knows exactly where the price will go if he is wrong and where it will go if he is right."

You can meditate on this.
This is something that I stress over and over as well.

Before any trade is placed, I know exactly where my I am wrong levels are at. Whether it be a touch, a close above/below etc, it doesn't matter. I already have it mapped out.
  • #852
  • Nov 29, 2011 10:09am Nov 29, 2011 10:09am
Quoting emene
OK, there is a very important sentence here, very very important. Everything is really well put, but this one, keep it :

"I think Red had great results because he knows exactly where the price will go if he is wrong and where it will go if he is right."

You can meditate on this.
likewise from my POV.


i suggest not trading for one whole day and just watch pa for 3 hours or 2 straight. if u cannt resist draw a line where u woould take a trade and oly do that for 1 day. try to really understand PA.
what i find many do wrong is not looking for the A+ or even the A setup. not all supply is 'supply' if PA doesnt match up with PPA.

same with demand zones.

its about getting the high or low or near it, and not the middle if u truly want a good swing. middle should only be IMHO a trend jump-in trade or a range trade
Have I got something on my face, SOLDIER?
  • #853
  • Nov 29, 2011 10:10am Nov 29, 2011 10:10am
Quoting Venice
This is something that I stress over and over as well.

Before any trade is placed, I know exactly where my I am wrong levels are at. Whether it be a touch, a close above/below etc, it doesn't matter. I already have it mapped out.
yes being prepared before hthe battle can guarantee or help the ratio of success even greater than without planning.

a general goes to war knowing his battlefield, and his battle plan, what to do if certain anomalies happen, what to do in a win, how to adapt.
Have I got something on my face, SOLDIER?
  • #854
  • Nov 29, 2011 10:12am Nov 29, 2011 10:12am
Sound like the war art of sun tzu

Quoting bumapatria
yes being prepared before hthe battle can guarantee or help the ratio of success even greater than without planning.

a general goes to war knowing his battlefield, and his battle plan, what to do if certain anomalies happen, what to do in a win, how to adapt.
  • #855
  • Nov 29, 2011 10:20am Nov 29, 2011 10:20am
Quoting gristar
Sound like the war art of sun tzu
Art of War - Tsun Tzu in correct grammar
Have I got something on my face, SOLDIER?
  • #856
  • Nov 29, 2011 1:02pm Nov 29, 2011 1:02pm
Quoting bumapatria
Art of War - Tsun Tzu in correct grammar
hey dude, where have u go?
llolllz,, dont see u around, and IF is busy with his new platform... so quiet today..
I read a good discussion with emene,,, how nice the explaination. and also your long at EU, congratz for that.

keep cool bro
I love PIE and RTP
  • #857
  • Nov 29, 2011 4:44pm Nov 29, 2011 4:44pm
Quoting gristar
Thanks Bmac.
Anyone know what did i do wrong selling at the point? Here i attached both m5 and m15 chart.

I Sell before the rally up. Seems like i am wrong again..

Attachment
Attachment
First of all don't try to be red, learn from him but don't try to be him, sometimes he sells at levels with very little PA but remember he is a master at this.

I suggest that you wait for a pattern to occur that will confirm that your s/d zone is valid, simply stalling at a zone is not a reason to trade, not for a beginner or for someone who is still not good at this. I would be looking to trade engulfing bars, outside bars and pin bars at KEY supply and demand levels.

regarding the bullish prior momentum, yes it was quite strong, but it is my view that often the big players buy for only one reason and this is to sell it higher, trapping novice bulls into thinking a new rally was starting. Red has also made reference to this in his thread. The market is basically trying to scare you from going short.

The key point for me here was that there was no engulfing pattern at this zone, which would be necessary to set up a short trade after the rally, also there was only one wave to the rally. often the market will make 2-3 "pushes" or "waves" in one direction, with minor pullbacks and stalls along the way. Safer to wait for the buyers to finish what they are doing and dont short until a clear reversal signal has formed

if you want to stay on the right side of momentum, try breakout and retest rather than fading the moves
  • #858
  • Nov 29, 2011 7:39pm Nov 29, 2011 7:39pm
Quoting highlander2
First of all don't try to be red, learn from him but don't try to be him, sometimes he sells at levels with very little PA but remember he is a master at this.

I suggest that you wait for a pattern to occur that will confirm that your s/d zone is valid, simply stalling at a zone is not a reason to trade, not for a beginner or for someone who is still not good at this. I would be looking to trade engulfing bars, outside bars and pin bars at KEY supply and demand levels.

regarding the bullish prior momentum, yes it was quite strong, but it is my...

one thing though the big hunters know we look for those sorts of things so dont be surprised to find fake pinbars and fake patterns, because those do occur at the minor weak suplly/demand levels and trap impattient retailers thinking of a reversal. careful with those, there are lots of fakes out there, its good to trade them when u can gauge momentum. in time u will learn not to use candle patterns or bar patterns but for now, try use them and share ur results with all of us.

about h2's pullback comments, yes tht is one of the safest ways of PA sniping. stalling is no reason of course, it just means they need more buyers to step in and more stop losses to get hunted to move the market e.g. for the buyers.


just be careful with those fakes
Have I got something on my face, SOLDIER?
  • #859
  • Nov 29, 2011 7:41pm Nov 29, 2011 7:41pm
Quoting ennichisai
hey dude, where have u go?
llolllz,, dont see u around, and IF is busy with his new platform... so quiet today..
I read a good discussion with emene,,, how nice the explaination. and also your long at EU, congratz for that.

keep cool bro

ure drunk bro it was GU

ok cool nice ill see u on skype see whatsup.

i was just busy as per usual....
Have I got something on my face, SOLDIER?
  • #860
  • Nov 29, 2011 8:49pm Nov 29, 2011 8:49pm
Okay. now i see there are 2 ways here.
1. enter when u see engulfing. but u risk more because stop loss is further away.
2. enter as early as red with less confirmation, you risk less cause you are nearer to stop loss.

So for me I am not half of reds skill yet, better to wait for confirmation like momentum switch.

Is bearish engulfing = showing the momentum switch from bullish to bearish?

Quoting highlander2
First of all don't try to be red, learn from him but don't try to be him, sometimes he sells at levels with very little PA but remember he is a master at this.

I suggest that you wait for a pattern to occur that will confirm that your s/d zone is valid, simply stalling at a zone is not a reason to trade, not for a beginner or for someone who is still not good at this. I would be looking to trade engulfing bars, outside bars and pin bars at KEY supply and demand levels.

regarding the bullish prior momentum, yes it was quite strong, but it...
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