Price is Everything Chat Room | Page 52 | 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

  • #1,021
  • Jan 5, 2012 10:51pm Jan 5, 2012 10:51pm
Quoting emene
1) Hard work pays.
2) Patterns are almost always the same, then trade them, when they do not work, make sure you lost less than yours previous winners.
3) Hard work pays.
haaaaaaaaaaaaahahahaha.

laughing when saw your pics.
I love PIE and RTP
  • #1,022
  • Jan 6, 2012 2:37am Jan 6, 2012 2:37am
[quote=emene;5271582]1) Hard work pays.

You are absolutely right Emene!
Thanks for your reply. I love the pictures btw :-)
@mel
  • #1,023
  • Jan 8, 2012 7:15am Jan 8, 2012 7:15am
on Tyoon's wish:

USD/CAD trade.
MIKY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26-12-2011 9-23-43.png Size: 117 KB
Click to Enlarge Name: 29-12-2011 22-57-22.png Size: 38 KB
--Be in the NOW or get lost in time.--
  • #1,024
  • Jan 8, 2012 8:56am Jan 8, 2012 8:56am
This is some seriously good work. Hats off.



Quoting Miky
on Tyoon's wish:

USD/CAD trade.
MIKY
Hello.
  • #1,025
  • Jan 8, 2012 10:17am Jan 8, 2012 10:17am
Quoting Miky
on Tyoon's wish:

USD/CAD trade.
MIKY
kudos Miky and great explanation
  • #1,026
  • Jan 8, 2012 10:47am Jan 8, 2012 10:47am
Thank you Emene and Atc.

Am just glad to help. =)

MIKY
--Be in the NOW or get lost in time.--
  • #1,027
  • Jan 9, 2012 5:33am Jan 9, 2012 5:33am
Quoting Miky
on Tyoon's wish:

USD/CAD trade.
MIKY
Thanks. It helps!!
To make sure something in your first chart, 'the supply got consumed' you mentioned, do you actually mean rejection?
  • #1,028
  • Jan 9, 2012 5:45am Jan 9, 2012 5:45am
Quoting gristar
Thanks. It helps!!
To make sure something in your first chart, 'the supply got consumed' you mentioned, do you actually mean rejection?
He means that there had been sell orders left there after price dropped
These got triggered on first return
So when price comes back again, those particular orders will no longer be there

Hope that helped
  • #1,029
  • Jan 9, 2012 7:21am Jan 9, 2012 7:21am
Quoting Ifmyante
He means that there had been sell orders left there after price dropped
These got triggered on first return
So when price comes back again, those particular orders will no longer be there

Hope that helped
okay thanks :-)
  • #1,030
  • Jan 10, 2012 3:20am Jan 10, 2012 3:20am
Hello guys,

I have posted this in PIE but someone suggested that I should post it here. Could somebody please look at it?

This was my post:


Nice thread. All the comments and analysis definately helps learning about supply and demand.

By now, I can identified potential supply and demand levels/area but there is a question that still burn my lips.

I see different guys here taking trades on a 15 or 5 min chart and I was wondering if you just take the trade based on the distance between the supply and demand or if there was a way for finding a potential "bias" for the day?
Knowing what supply and demand is, means that one will not always trade in synch with the trend, this is why I am asking myself so much questions.

Could anyone please help me out?

Thanks in advance,
@mel

http://www.forexfactory.com/images/m...ading_dark.gif

  • #1,031
  • Jan 10, 2012 3:32am Jan 10, 2012 3:32am
Quoting @mel
Hello guys,

I have posted this in PIE but someone suggested that I should post it here. Could somebody please look at it?

This was my post:


Nice thread. All the comments and analysis definately helps learning about supply and demand.

By now, I can identified potential supply and demand levels/area but there is a question that still burn my lips.

I see different guys here taking trades on a 15 or 5 min chart and I was wondering if you just take the trade based on the distance between the supply and demand or if there was a way for finding...
I'm not one of the experts around here but i'll do my best to start the ball rolling ! Choosing to take a trade based on the distance between supply and demand is a personal decision made according to each individuals mm and rr.
When you say bias i assume you mean trends on intraday trades . Look to higher tf to establish trend.
Have a look at kennyz's thread: Romancing the Price especially his description and use of "locking". I believe you would find it interesting and fun.
Hope this helps....RTP (http://www.forexfactory.com/showthread.php?t=288142) .... Resources (https://sites.google.com/site/rtp505/home/)

http://www.forexfactory.com/images/buttons/quote.gif (http://www.forexfactory.com/newreply.php?do=newreply&p=5281578)

All systems of divination, like music itself,work through patterns.
  • #1,032
  • Jan 10, 2012 3:53am Jan 10, 2012 3:53am
Quoting @mel
Hello guys,
http://www.forexfactory.com/images/m...ading_dark.gif
I always take a look at the higher TF if i'm not certain. If S/D distance is too close on M5, maybe the M15 has more clues,... M30,... H1,... H4,... D1,... W1.

Always keep in mind the bigger picture/TF.
  • #1,033
  • Jan 10, 2012 4:06am Jan 10, 2012 4:06am
Thank you guys for your help.
@mel
  • #1,034
  • Jan 10, 2012 4:06am Jan 10, 2012 4:06am
Quoting @mel
Hello guys,

I have posted this in PIE but someone suggested that I should post it here. Could somebody please look at it?

This was my post:


Nice thread. All the comments and analysis definately helps learning about supply and demand.

By now, I can identified potential supply and demand levels/area but there is a question that still burn my lips.

I see different guys here taking trades on a 15 or 5 min chart and I was wondering if you just take the trade based on the distance between the supply and demand or if there was a way...
Hey Mel,
This is what i think. It depends on individual whether you want to trade in sync of trend or not. If you trade in trend, means that you may have higher probability in making profit. If you don't maybe you have lower chance. Some people trade again trends because they consider other thing which contribute to higher probability trade other than only looking at trend.
If you know bout Sam Seiden odd enhancer, distance between supply and recent demand = margin. which is something you have to take care of when making a trade, at least 1:3 profit to risk ratio
  • #1,035
  • Jan 10, 2012 6:51am Jan 10, 2012 6:51am
This is for RED....only 'cos i love him...and all the guys in the Tribe.

http://www.youtube.com/watch?v=Jky8hwdoVjQ
All systems of divination, like music itself,work through patterns.
  • #1,036
  • Jan 10, 2012 7:16am Jan 10, 2012 7:16am
Hey guys, I've seen the term magnet and seen it on the charts a couple of times if the PIE thread. I don't fully understand what this term represents and was just wondering if anyone could shed any light on this for me.

Cheers
  • #1,037
  • Jan 10, 2012 7:18am Jan 10, 2012 7:18am
Quoting NaughtyPip
Hey guys, I've seen the term magnet and seen it on the charts a couple of times if the PIE thread. I don't fully understand what this term represents and was just wondering if anyone could shed any light on this for me.

Cheers
My take on this is that supply is attracted to demand. Demand is attracted to supply.
cheers
All systems of divination, like music itself,work through patterns.
  • #1,038
  • Jan 10, 2012 7:27am Jan 10, 2012 7:27am
Quoting kaspopsicle
My take on this is that supply is attracted to demand. Demand is attracted to supply.
cheers
yep, but say there are 3 supply levels drawn in on a chart, why is only one labelled magnet? and what is the significance of that level?

Cheers
  • #1,039
  • Jan 10, 2012 7:35am Jan 10, 2012 7:35am
Quoting NaughtyPip
yep, but say there are 3 supply levels drawn in on a chart, why is only one labelled magnet? and what is the significance of that level?

Cheers
Three supply zones would imply 3 differnt tf. Magnet or target would be the same according to the traders mm/rr
All systems of divination, like music itself,work through patterns.
  • #1,040
  • Edited 9:10am Jan 10, 2012 9:04am | Edited 9:10am
Quoting kaspopsicle
Three supply zones would imply 3 differnt tf. Magnet or target would be the same according to the traders mm/rr

why would 3 supply zones imply 3 different tf's?

i.e. rally, base, drop -> base, drop -> base, drop........ if each sequence of bars for the drops had enough momentum, on a chart this would show 3 strong areas of supply, all on 1 tf.
0 traders viewing now