Price is Everything Chat Room | Page 56 | 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

  • #1,101
  • Jan 17, 2012 5:39am Jan 17, 2012 5:39am
Quoting Ifmyante
Agreed, GH, but when you're offered a definite 10 pips 20 times a day, the pips can really add up.

PS: It's great to see you posting around here. You're very welcome
Thanks IF

I will try to participate from time to time .... great thread btw.
  • #1,102
  • Jan 17, 2012 6:26am Jan 17, 2012 6:26am
Hey guys,
Found this chat side thread as well as the original and again appreciate all the helpful comments Just quickly on some trades i took just today using the ideas of supply/demand.. In both trades i placed my buy stop orders yesterday sometime when i was looking at my charts and today price got to the orders and went to my TP thankfully.. my theory was that price is very likely to move straight through these areas as once through it has very little incentive to go any other way (in the way of supply /demand).. Are these the types of trades you think are safe to place such limit orders without having to be at the screen to see price action at the time? (Btw my levels were drawn on 15 min timeframe so on 30 min they dont look that clear just had to use 30 min to squeeze the areas in..)
Any feedback would be much appreciated..
Cheers
Josh
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 64 KB
Click to Enlarge Name: eurjpy.jpg Size: 62 KB
nollej is power..
  • #1,103
  • Jan 17, 2012 7:01am Jan 17, 2012 7:01am
Quoting nollej
Hey guys,
Found this chat side thread as well as the original and again appreciate all the helpful comments Just quickly on some trades i took just today using the ideas of supply/demand.. In both trades i placed my buy stop orders yesterday sometime when i was looking at my charts and today price got to the orders and went to my TP thankfully.. my theory was that price is very likely to move straight through these areas as once through it has very little incentive to go any other way (in the way of supply /demand).. Are these the types of...
Your theory is absolutely sound. Own the spaces between the zones
  • #1,104
  • Jan 17, 2012 7:08am Jan 17, 2012 7:08am
to me the best way to trade the PA with the zones is to find the "path of least resistance". easiest way for the water to flow in the river - to swim easily - for the fish to find the easiest way somewhere.


price will get to supply from demand. it will get from demand to supply. thats my theory.


i will also share soon some new kinds of zones i found out.
Have I got something on my face, SOLDIER?
  • #1,105
  • Jan 17, 2012 9:09am Jan 17, 2012 9:09am
HERE IS AN ARTICLE THAT WILL ANSWER A RECURRENT AND OBSESSING QUESTION.

PLEASE TAKE THE TIME TO READ IT.

HERE (http://www.tradingacademy.com/lessons/20120117/featured_article.htm)
Hello.
  • #1,106
  • Jan 17, 2012 10:13am Jan 17, 2012 10:13am
If, if your about I have a question in regard to your zoom video.

When you pin pointed your turning point on 5min you mentioned the flags. I could not quite see what you were referring to. Would they be more obvious to see on a 1M chart or am I just not looking closely enough?

Have I got them on here?

..
Attached Image
  • #1,107
  • Jan 17, 2012 1:05pm Jan 17, 2012 1:05pm
Quoting Tyoon
If, if your about I have a question in regard to your zoom video.

When you pin pointed your turning point on 5min you mentioned the flags. I could not quite see what you were referring to. Would they be more obvious to see on a 1M chart or am I just not looking closely enough?

Have I got them on here?

..
Here, I presume, are the flags I was talking about

many periods of indecision around one specific price

Hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: flagsif.gif Size: 113 KB
  • #1,108
  • Jan 17, 2012 1:50pm Jan 17, 2012 1:50pm
Quoting Ifmyante
Here, I presume, are the flags I was talking about

many periods of indecision around one specific price

Hope this helps
Thanks if.
  • #1,109
  • Jan 17, 2012 3:23pm Jan 17, 2012 3:23pm
Hi guys!

Would you trade long ftb to this area?

It does look to me like a strong demand level.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 48 KB
  • #1,110
  • Jan 17, 2012 3:32pm Jan 17, 2012 3:32pm
Quoting Greenhaze
Hi guys!

Would you trade long ftb to this area?

It does look to me like a strong demand level.
Seems pretty good buy yeah
--Be in the NOW or get lost in time.--
  • #1,111
  • Jan 17, 2012 4:19pm Jan 17, 2012 4:19pm
Was doing some red research. Started reading his posts on correlation and had a little look myself. Why did EU turn here? Look at EURJPY. Makes obvious sense now.

I'm sure there were other confluent correlated setups but I think this illustrates it well.

..
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 140 KB
  • #1,112
  • Jan 17, 2012 5:46pm Jan 17, 2012 5:46pm
Another confluent correlation with an inverted pair USDNOK that supported the EURJPY setup.

..
Attached Image (click to enlarge)
Click to Enlarge Name: unok.gif Size: 107 KB
  • #1,113
  • Jan 17, 2012 5:48pm Jan 17, 2012 5:48pm
Quoting Tyoon
Was doing some red research. Started reading his posts on correlation and had a little look myself. Why did EU turn here? Look at EURJPY. Makes obvious sense now.

I'm sure there were other confluent correlated setups but I think this illustrates it well.

..
nice observationthere ty - trust me as the beginning of pa journey - u do go through an intensive process where you find find find info asmuchas youcan. keep your headopen and sight clear : to understand PA.


the thing is - the money flow , does it really go 'faster' to jpy instead of usd?

but thats another topic..

anyways nice post and charts
Have I got something on my face, SOLDIER?
  • #1,114
  • Jan 17, 2012 6:01pm Jan 17, 2012 6:01pm
Quoting bumapatria
the thing is - the money flow , does it really go 'faster' to jpy instead of usd?

but thats another topic..
That is my next topic. I will be focusing on where the volume is, or what currency/instrument is in control of the correlations. The power switches for example from swissy to dollar and their minors follow.

Aaron alluded earlier in EAsis that usually bonds and equities are the leaders on most days. Again it depends what instruments are being traded heavily that day. The risk maybe more focused on Gold over EUR so Gold will be the driver of USD pairs.

As Red said, there are no books on this so you have to try and work it out yourself.
  • #1,115
  • Jan 17, 2012 7:02pm Jan 17, 2012 7:02pm
trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 18 (2).gif Size: 21 KB
Click to Enlarge Name: 18.gif Size: 23 KB
  • #1,116
  • Jan 18, 2012 12:37am Jan 18, 2012 12:37am
Ladies and gents,

I spot a diamond on daily EURUSD, which implies a big move ahead in either direction.
Since it is based @ weekly demand a break north would be most likely, but the internal structure supports a break south.

Please share your thoughts about the position of a diamond formation @ supply/demand and the internal structure of the pattern.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screen.gif Size: 14 KB
Click to Enlarge Name: screen1.gif Size: 7 KB
  • #1,117
  • Jan 18, 2012 2:48am Jan 18, 2012 2:48am
Quoting MitchWorse
Ladies and gents,

I spot a diamond on daily EURUSD, which implies a big move ahead in either direction.
Since it is based @ weekly demand a break north would be most likely, but the internal structure supports a break south.

Please share your thoughts about the position of a diamond formation @ supply/demand and the internal structure of the pattern.
We haven't exactly bounced from this demand so I would estimate that it will break south so the next one. EU is just playing the same tune; leg down, consolidate, retest ....
  • #1,118
  • Jan 18, 2012 4:04am Jan 18, 2012 4:04am
Might build an option strangle around those diamonds. As long as it moves fast and furious

Gonna check my broker for forex options, haven't traded those on forex before.

The pattern has to pop this week.
  • #1,119
  • Jan 18, 2012 4:11am Jan 18, 2012 4:11am
Struggling to pick which area to short.

Am leaning towards the 1.2840 area in Red as per previous post the turnaround at the 60-80 area was down to EU/JPY.

Attached Image (click to enlarge)
Click to Enlarge Name: 180112.jpg Size: 191 KB


1.2840 may be only good for a scalp of 20 pips or so.
  • #1,120
  • Jan 18, 2012 4:25am Jan 18, 2012 4:25am
That wasnt long. First tg 1.2815 hit... 2nd tg 1.2795... Stop to BE at present :-)
0 traders viewing now