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  • #981
  • Dec 14, 2011 11:11am Dec 14, 2011 11:11am
Quoting flytox
What I see is a range of fifty pips (on M5/ M1), the same I traded live on PIE.
I always look at the better structured time frame, the one where I can see the price talking. On M5 the seemingly M15 cloud was a compression triangle to a freshly forming demand, with an 2 years stacked zone fifty pips below (magnet). Don't get stuck at one timeframe, the structure you can read is always the best choice.
Hope this help.
To complete this, a wick, with no significant PA or with no specific pattern (like a compression triangle) , can be either a consumption or a rejection whatever is the color of the candles.
Rien ne sert de courir il faut partir à point.
  • #982
  • Dec 15, 2011 6:05am Dec 15, 2011 6:05am
Quoting elliotrader
hi flytox
this is an example of what i was refering to regarding my consumption vs rejection issue.
since price can not shoot higher is it logical for me to assume that all those lower wicks just getting the rest of the buy orders filled to only consume demand and clear the path for price to drop?

if i would see more green candles and price rising than can i asuume that those wicks indicating rejection?

thank you so much for ur help.
I know - this is 20/20 hindsight, but I haven't been on the thread lately.

The clue to what was going on is on the chart below.

If there's ever a price pattern you're wondering about, do feel free to ask about it here. You may get just the response you need to learn about it. But if you want it to become a part of your trading psyche, you MUST go back through price history, and find as many instances of it as you can.
If you like, screenshot them all and file them.
Do this, and you'll be able to feel price rather than just remember it

Best

If
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  • #983
  • Dec 15, 2011 10:43am Dec 15, 2011 10:43am
Quoting ennichisai
that three whores pattern sounds interesting
Here is just a small taste.
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  • #984
  • Dec 15, 2011 10:50am Dec 15, 2011 10:50am
Quoting MCFly
Here is just a small taste.
thank's, I love the pic...
make me bullish...
lolz
I love PIE and RTP
  • #985
  • Dec 15, 2011 12:06pm Dec 15, 2011 12:06pm
Hi, dear fellow expert. Anyone know what i did wrong here?
Any help is much appreciated.
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  • #986
  • Dec 15, 2011 12:14pm Dec 15, 2011 12:14pm
Quoting ennichisai
thank's, I love the pic...
make me bullish...
lolz
makes me long... ahem
  • #987
  • Dec 15, 2011 12:25pm Dec 15, 2011 12:25pm
Quoting NaughtyPip
makes me long... ahem
haaaahahahaha...
so abstract
I love PIE and RTP
  • #988
  • Dec 15, 2011 1:08pm Dec 15, 2011 1:08pm
Quoting gristar
Hi, dear fellow expert. Anyone know what i did wrong here?
Any help is much appreciated.
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consumed demand. and a mark up in price. it is not a pullback, price alread moved down, strong holders are the sellers at the top, the herd joins, and even weaker holders are buyers.
if u see to the left there is a hammer that consumes the zone. it closed bearish the lower wick can indicate weak holders entering and or sellers profit taking,

in the end its a consumed demand, due to the lack of demand and supply exceeding demand.

u were also a late buyer. the best buy was at the hammer if u see an engulfing occured there, the flock of buyers entered there star, and they took profits making a tiny bear candle, late comers saw the engulfing entered, and took profits 5 mins later all orders closed prices fall. no more demand.
Have I got something on my face, SOLDIER?
  • #989
  • Dec 15, 2011 1:17pm Dec 15, 2011 1:17pm
Quoting bumapatria
consumed demand. and a mark up in price. it is not a pullback, price alread moved down, strong holders are the sellers at the top, the herd joins, and even weaker holders are buyers.
if u see to the left there is a hammer that consumes the zone. it closed bearish the lower wick can indicate weak holders entering and or sellers profit taking,

in the end its a consumed demand, due to the lack of demand and supply exceeding demand.

u were also a late buyer. the best buy was at the hammer if u see an engulfing occured there, the flock of buyers...
How can i know the hammer indicate consumed demand or rejection?
  • #990
  • Dec 15, 2011 1:23pm Dec 15, 2011 1:23pm
Quoting gristar
How can i know the hammer indicate consumed demand or rejection?
well prices when they fluctuate into 50%+ into ur zone that level is consumed in my opinion. ur zone was entered to heavily into. a rejection should be a touch into it and the closing price is away from the zone indicating the side entering that zone understands teh validity of the zone and Takes profit closing orders.

its like broken resistance buddy and broken support, except that when playing with zones, just put the perspective of them being respected by the market's participants or not.


u need to also be alert to price's reaction IN or near the zone. is it moving faster? is it slowing down? what other things are going on? divergence? rising on lower volume? other stuff can help. all u need to do in between is order flow analysis. try to depict the buying and selling in ur head as prices move in a bar/candle.
Have I got something on my face, SOLDIER?
  • #991
  • Dec 16, 2011 6:43am Dec 16, 2011 6:43am
Quoting gristar
Hi, dear fellow expert. Anyone know what i did wrong here?
Any help is much appreciated.
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Hi Gristar,

IMHO, you didn't do anything majorly wrong, and that demand zone gave a 50+ pip bounce. One thing to note is that there was strong momentum down, so the bounce tends to be weak/weaker than under normal conditions.. The other thing was the demand zone (turned supply) above your level. The best levels are the ones where you have a larger gap between the zones as these give the best risk/reward trades.

As the gap between the levels was small, you would really need to be in the trade a lot earlier. However if you prefer to wait for confirmation, try to trade between zones that are further apart.

My two cents, GL.
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  • #992
  • Dec 16, 2011 11:11am Dec 16, 2011 11:11am
Quoting -nate-dogg-
Hi Gristar,

IMHO, you didn't do anything majorly wrong, and that demand zone gave a 50+ pip bounce. One thing to note is that there was strong momentum down, so the bounce tends to be weak/weaker than under normal conditions.. The other thing was the demand zone (turned supply) above your level. The best levels are the ones where you have a larger gap between the zones as these give the best risk/reward trades.

As the gap between the levels was small, you would really need to be in the trade a lot earlier. However if you prefer to wait for...
Thanks Bumapatria and Nate,
I read the comment you guys gave for at least 5 times each. It is really great. Thanks a lot. The next time I trade I will try to be aware.
  • #993
  • Dec 21, 2011 8:29am Dec 21, 2011 8:29am
finally I can do this,,, I love this style of trading
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  • #994
  • Dec 21, 2011 8:43am Dec 21, 2011 8:43am
Quoting ennichisai
finally I can do this,,, I love this style of trading
Terima kasih!
  • #995
  • Dec 21, 2011 8:45am Dec 21, 2011 8:45am
Quoting gristar
Terima kasih!
sama2, wah ternyata ada saudara dari Malaysia, senang bisa jumpa awak di forum ni.
I love PIE and RTP
  • #996
  • Dec 21, 2011 1:13pm Dec 21, 2011 1:13pm
dont mind to copy KennyZ's trade, but really I love the way he did, and I think I found something interesting...
hard to believe but I wish it wasnt just a luck for me...
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I love PIE and RTP
  • #997
  • Dec 21, 2011 10:08pm Dec 21, 2011 10:08pm
Quoting ennichisai
dont mind to copy KennyZ's trade, but really I love the way he did, and I think I found something interesting...
hard to believe but I wish it wasnt just a luck for me...
Good afternoon, ennichisai. What is the indicator with the green dot?
  • #998
  • Dec 22, 2011 1:54am Dec 22, 2011 1:54am
Quoting ennichisai
dont mind to copy KennyZ's trade, but really I love the way he did, and I think I found something interesting...
hard to believe but I wish it wasnt just a luck for me...
fuck man i saw ur post on RTP ur a fucking master
Have I got something on my face, SOLDIER?
  • #999
  • Dec 22, 2011 10:09am Dec 22, 2011 10:09am
Quoting gristar
Good afternoon, ennichisai. What is the indicator with the green dot?
chaos semaofr, there it is at Romancing The Price...

Quoting bumapatria
fuck man i saw ur post on RTP ur a fucking master
no buddy, I learn much form u and our Don, Sir IFmyante.
big thank to u Sir.

eu based on compression entry
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  • #1,000
  • Dec 23, 2011 3:28am Dec 23, 2011 3:28am
cihuy....
looney swing
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