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Price is Everything Chat Room

  • #1,121
  • Jan 18, 2012 5:23pm Jan 18, 2012 5:23pm
hi all,
feed back, critizes will be appreciated.
thanks in advance.
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  • #1,122
  • Jan 19, 2012 7:32am Jan 19, 2012 7:32am
hi guys, I am new to thie thread, here a trade I am taking. reason: supply zone, + compression on the way up...
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seeing through
  • #1,123
  • Jan 19, 2012 7:50am Jan 19, 2012 7:50am
Quoting pipphunter
hi guys, I am new to thie thread, here a trade I am taking. reason: supply zone, + compression on the way up...
Welcome aboard, Piphunter

You've got the right idea there.

Just be sure and get paid something as you go
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  • #1,124
  • Jan 19, 2012 8:18am Jan 19, 2012 8:18am
Quoting Ifmyante
Welcome aboard, Piphunter

You've got the right idea there.

Just be sure and get paid something as you go
indeed, will pull some off table if 1.2892 holds, and will SL @BE if that level break.

thanks for your comment Ifmyante. I love your video, eyes opening...
seeing through
  • #1,125
  • Jan 19, 2012 8:35am Jan 19, 2012 8:35am
Hi guys,

Wanted to ask a few questions,

Q1) What should we do when price is inside another level on the higher tfs ?
Example: We are in a clear uptrend on 5,15,30,1hr but we are in the middle of a supply zone on the 4hr, its the second touch and price is in the middle of the supply zone, what would you do ?

Start looking for shorts or forget about that instrument until price comes out above or below the 4hr supply zone ?

Q2) If we are entering on 5mins PA based on a 30 mins supply level for example but the daily is in an uptrend, our TP should be based on the 5mins as we are against HTF trend or as the level is on the 30 mins, TP should be based on the level TF 30 mins in this case ? This question is based on EU on the 19 Jan, daily was on an uptrend, everything was up but we had a very nice supply level on the 1hr/30mins (Chart attached)


Thanks !!
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Trade Smart
  • #1,126
  • Edited 9:40am Jan 19, 2012 9:20am | Edited 9:40am
I am only learning this myself, but I can give you some of my thoughts:

A1; when price is in a S/D zone you will be watching for PA reversal signals. When price validates a zone you will then be looking or an entry based on retracements. The retracement could go back to where it left, creating a double top or another formation like H/S. In this moment you will be switching between the lower TFs identifying levels to enter.

A2; the 1M is in a down trend, 5M in a range, 15-30 uptrend, 1H is a range, 4h downtrend and daily is a range. It's all over the place when you zoom in and out. The easiest thing to do is identify your levels; where price is going to turn (entry) and where price will go to and then turn again (take profit). You must look at almost all TFs to identify these levels.

As I said, I am only learning so if this is a load of BS I'm sure if or someone will correct me.

Quoting Osman
Hi guys,

Wanted to ask a few questions,

Q1) What should we do when price is inside another level on the higher tfs ?
Example: We are in a clear uptrend on 5,15,30,1hr but we are in the middle of a supply zone on the 4hr, its the second touch and price is in the middle of the supply zone, what would you do ?

Start looking for shorts or forget about that instrument until price comes out above or below the 4hr supply zone ?

Q2) If we are entering on 5mins PA based on a 30 mins supply level for example but the daily is in an uptrend,...
  • #1,127
  • Jan 19, 2012 9:38am Jan 19, 2012 9:38am
Quoting redsword11
HOW CAN PRICES DROP WITHOUT BEARISH ENGUILFING IN SOME MANNER, HOW CAN PRICES RALLY WITHOUT BULLISH ENGUILFING IN SOME MANNER?

....... only institutions can create an enguilfing pattern ( trapped retail ) therefore it makes sense to study and trade that type of PA

I have some thoughts on engulfing regarding multi TFs. I have grabbed an engulfing candle pattern at a reversal point. I have drawn a box around it so when I change TF I know the boundaries of what I am looking at.

If you look at the structure of this engulf on the 1M you can see that it is two waves engulfed by the final large wave. Price then drops and revisits the engulfing wave before dropping.

When I was watching one of Seiden's videos he was talking about candles and how unreliable they can be. For example, you see an engulf on 30M but when you switch up or down the TF the pattern disappears. I have also noticed that my candles can look a lot different from other traders. This of course depends on each traders different feeds. So that is why I have taken to watching chart patterns on the 1M chart.

Again, if this is a load of BS please say so.

..
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  • #1,128
  • Jan 19, 2012 11:35am Jan 19, 2012 11:35am
[quote=Tyoon;5309732]

Your earlier post came though, via FF, on my email. It has now disappeared so i' m posting it again for you.

{ quote = Tyoon}
From reading posts, it's evident that trading commodities and equities are easier than currencies. Perhaps this is because they are not traded as pairs but traded individually without so much dependency with other instruments. So when you see S/D on EU your also looking at EJ and other crosses to see if the zones match up. You could even look at the USD crosses to see if the S/D match up there also. Then you ask yourself, what currency was in demand/supply that created that S/D zone?
Trading currencies as pairs is a pain in the ass, I wonder why currencies can't be traded individually?
My question; has anybody traded futures, equities or commodities, etc. and have found trading S/D easier?...end quote from Tyoon.

1) If you had read PIE history you would have the answers to all your questions. Senior members of PIE trade whatever element brings in the money. The principles of S/D and S/R apply to all the different elements.

2)How on earth could you trade an individual currency? You can only trade a currency against another , hence the term pairing...All trading is correlated...Indicies and commodities can be traded without a pairing but not without correlation imho

"Trade
From Wikipedia, the free encyclopedia
This article is about the economic mechanism. For other uses, see Trade (disambiguation) (http://en.wikipedia.org/wiki/Trade_%28disambiguation%29)."

3)Watching opposite correlation with USD pairings is the starting point of using correlation as part of your trading ( currencies) plan. From there move onto indicies and commodities.

I wish you well in your ventur es .
All systems of divination, like music itself,work through patterns.
  • #1,129
  • Jan 19, 2012 11:54am Jan 19, 2012 11:54am
I don't know how many noticed but trades that end up as losers are mostly ignored by the original poster.
There is rarely a chart showing the result of a losing trade and if there is any mention of a loser it is with a short criptic sentence.
Surely there are more losing trades that started as wining trades than are posted.
Some traders seem to have only winning trades.
As far as I can remember, effective learning for me was the result of analyzing an error or a bad execution. (regardless of the field this happened in)
I don't think that posting a few losers will tarnish the reputation of that trader. On the contrary.

Gabe
Every rule has an exception. Except for this one.
  • #1,130
  • Jan 19, 2012 12:11pm Jan 19, 2012 12:11pm
Quoting Gabe2004
I don't know how many noticed but trades that end up as losers are mostly ignored by the original poster.
There is rarely a chart showing the result of a losing trade and if there is any mention of a loser it is with a short criptic sentence.
Surely there are more losing trades that started as wining trades than are posted.
Some traders seem to have only winning trades.
As far as I can remember, effective learning for me was the result of analyzing an error or a bad execution. (regardless of the field this happened in)
I don't think that posting...
I only watch the good honest guys. The rest i ignore. There are plenty of charts over my short time in FF that show loosing trades.
Also some hysterically funny, self- effacing comments.
Also some hold your head in your hands and cry moments.
Everyone on my buddy shows winners AND losers
Sort the wheat from the chaff
All systems of divination, like music itself,work through patterns.
  • #1,131
  • Jan 19, 2012 12:41pm Jan 19, 2012 12:41pm
Quoting kaspopsicle
1) If you had read PIE history you would have the answers to all your questions. Senior members of PIE trade whatever element brings in the money. The principles of S/D and S/R apply to all the different elements.
I have been slaving through the PIE & RTP threads for a few weeks (yes I know that's nothing). It's getting evident that asking questions before you have read all this material just results in senior members talking down to you (a part from if). Fair enough though, keeps the standards high.

Quoting kaspopsicle
2)How on earth could you trade an individual currency? You can only trade a currency against another , hence the term pairing...All trading is correlated...Indicies and commodities can be traded without a pairing but not without correlation imho
I must have a gap in my knowledge. As far as I see it; a single asset (be it stock, commodity. etc) can be traded as a singular. Currencies are commodities (on a fundamental level), why are they traded as pairs? IMO the forex market would be a lot more simpler if each currency was traded as a singular like most of the assets in the market. The reality is that nothing is so simple.

Quoting kaspopsicle
3)Watching opposite correlation with USD pairings is the starting point of using correlation as part of your trading ( currencies) plan. From there move onto indicies and commodities.
MF (on/off risk) & correlation is a huge study I am focusing on right now along with PA (S/D, S/R, TLs, etc.). I'm trying really hard and I'm confident I will eventually get there.
  • #1,132
  • Jan 19, 2012 1:39pm Jan 19, 2012 1:39pm
[quote=Tyoon;5310480]I have been slaving through the PIE & RTP threads for a few weeks (yes I know that's nothing). It's getting evident that asking questions before you have read all this material just results in senior members talking down to you (a part from if). Fair enough though, keeps the standards high.
Apologies if you thought i was talking down to you. Your questions appear to be more statement than question.btw. i do not consider myself to be a senior...i have way too much respect for those that i learn from.
I must have a gap in my knowledge. As far as I see it; a single asset (be it stock, commodity. etc) can be traded as a singular. Currencies are commodities (on a fundamental level), why are they traded as pairs? IMO the forex market would be a lot more simpler if each currency was traded as a singular like most of the assets in the market. The reality is that nothing is so simple.
The simple reality is that we trade what we see. We are unable to trade what does not exist.
MF (on/off risk) & correlation is a huge study I am focusing on right now along with PA (S/D, S/R, TLs, etc.). I'm trying really hard and I'm confident I will eventually get there.
Good Luck... if you follow our seniors examples you've every chance to succeed.
Finally, you keep mentioning somebody from another thread..eursomething or other. This is cross threading. Could distract and be time consuming for posters who are here to trade and learn.
Best Regards
All systems of divination, like music itself,work through patterns.
  • #1,133
  • Jan 19, 2012 1:55pm Jan 19, 2012 1:55pm
Quoting kaspopsicle
Finally, you keep mentioning somebody from another thread..eursomething or other. This is cross threading. Could distract and be time consuming for posters who are here to trade and learn.]
The only person I have mentioned (and it has only been once) was Aaron who posts in EurAnalysis. Being this is a chatroom in the member's lounge I'm sure it's not too distracting and against the rules. I try to keep my posts as productive and thought provoking as much as I can.

The only two other members I mention in 'cross-threading' is red and cloggie. IMHO these two traders should be studied in depth (as you know Red is the focus of PA).

BTW Looks like PA is reacting well to supply on EU.
  • #1,134
  • Jan 19, 2012 2:31pm Jan 19, 2012 2:31pm
Quoting Tyoon
The only person I have mentioned (and it has only been once) was Aaron who posts in EurAnalysis. Being this is a chatroom in the member's lounge I'm sure it's not too distracting and against the rules. I try to keep my posts as productive and thought provoking as much as I can.

The only two other members I mention in 'cross-threading' is red and cloggie. IMHO these two traders should be studied in depth (as you know Red is the focus of PA).

BTW Looks like PA is reacting well to supply on EU.
Make your own rules. I'm sure you will.

Funnily enough i have heard of a Mr.Cloggie and a Mr.Redsword11, in fact i could quote almost all of their posts without looking them up.

...but i really dont want to have to go finding out anything about your mate Aaron . He clearly has his own gang... and i find them all extremely boring, uneducational and,well, a waste of space really.
All systems of divination, like music itself,work through patterns.
  • #1,135
  • Jan 19, 2012 2:43pm Jan 19, 2012 2:43pm
Quoting kaspopsicle
Make your own rules. I'm sure you will.

Funnily enough i have heard of a Mr.Cloggie and a Mr.Redsword11, in fact i could quote almost all of their posts without looking them up.

...but i really dont want to have to go finding out anything about your mate Aaron . He clearly has his own gang... and i find them all extremely boring, uneducational and,well, a waste of space really.
Wow! You study them as well? and have read their posts by memory? Holy cr@p, you must be a legend.

No, Aaron does not have a gang, he posts mostly in regards to fundamentals so I'm sure you won't be interested anyway. I mentioned Aaron to Buma a few pages back because Buma knew who/what I was talking about.

Also calling them a waste of space is very childish. They work very hard trading using fundamentals and correlation/risk. If you knew cloggie's work as well as you say you do then you would not consider correlation/risk and fundies a waste of time (although yes I know red thinks fundies is a waste of time). Cloggs was a good as he was because he embraced the market as a whole, ignoring nothing.

This will be my last post in regard to this banter between us.
  • #1,136
  • Jan 19, 2012 3:02pm Jan 19, 2012 3:02pm
Quoting Tyoon
Wow! You study them as well? and have read their posts by memory? Holy cr@p, you must be a legend.

No, Aaron does not have a gang, he posts mostly in regards to fundamentals so I'm sure you won't be interested anyway. I mentioned Aaron to Buma a few pages back because Buma knew who/what I was talking about.

Also calling them a waste of space is very childish. They work very hard trading using fundamentals and correlation/risk. fundies a [b]If you knew cloggie's work as well as you say you do then you would not consider correlation/risk and fundies...


I dont regard this as banter...it's a part of your growing up process. You seem to have a few major problems regarding cognition. Where on earth do you get it from? Seemingly gross immaturity and an overdose of arrogance.
You will never learn anything without humility and you've clearly learned nothing or seen nothing yet. You are on ignore.
All systems of divination, like music itself,work through patterns.
  • #1,137
  • Jan 19, 2012 3:32pm Jan 19, 2012 3:32pm
Quoting kaspopsicle
[/b]

I dont regard this as banter...it's a part of your growing up process. You seem to have a few major problems regarding cognition. Where on earth do you get it from? Seemingly gross immaturity and an overdose of arrogance.
You will never learn anything without humility and you've clearly learned nothing or seen nothing yet. You are on ignore.
If you have not put me on your iggy list and can still read this I suggest you read over our interaction and objectively decide who is the one being immature and arrogant.

I had OCD and ADHD in childhood and adolescence but due to hard work and dedication I have managed to overcome the majority of my cognitive faults.

I am learning something new everyday and I am working very hard to succeed in this business extracting everything across the board. I may seem like an idiot at times with naive questions but that only exemplifies my curiosity and need for knowledge. If I do not get an answer I understand and respect that senior traders want to preserve their edge and want learners to put as much blood, sweat and tears into the learning curve as they did. I am fully committed to putting the work in because in the end - the more you put in, the more you get out.

Telling me I have learned nothing just means you know nothing about me.

Dude, although this is cluttering up if's thread (sorry if) I have actually enjoyed this banter, TBH I needed it.
  • #1,138
  • Jan 19, 2012 3:50pm Jan 19, 2012 3:50pm
Quoting Tyoon

Dude, although this is cluttering up if's thread (sorry if) I have actually enjoyed this banter, TBH I needed it.
That's what this thread is for

Sorry if there's anything I didn't get round to answering - very busy.

I do tend to get round to answering stuff at the weekend though

Best

If
  • #1,139
  • Jan 19, 2012 8:13pm Jan 19, 2012 8:13pm
Quoting Tyoon
If you have not put me on your iggy list and can still read this I suggest you read over our interaction and objectively decide who is the one being immature and arrogant.

I had OCD and ADHD in childhood and adolescence but due to hard work and dedication I have managed to overcome the majority of my cognitive faults.

I am learning something new everyday and I am working very hard to succeed in this business extracting everything across the board. I may seem like an idiot at times with naive questions but that only exemplifies my curiosity and...
Ty, i have nothing but great hopes for you. your pm's of PA and ur way of seeing dont annoy me just to let you know, they excite me knowing someone really is serious 'into it' and not just like what 75%+ are doing at my forum for PA - dedicated to all the people here and mentors in another forum.. oh god only maybe like 5/15 or less are lke ya - others... so lazy and wanting quick successes bla bla... work hard on planting that seed - grow a beautiful tree - get those fruits

take care man


im going to take an adhd test coz i tend to get distracted easily. maybe not the worst case but ill take one and tell ya about it lol


take care man
Have I got something on my face, SOLDIER?
  • #1,140
  • Jan 20, 2012 4:13am Jan 20, 2012 4:13am
Quoting bumapatria
take care man


im going to take an adhd test coz i tend to get distracted easily. maybe not the worst case but ill take one and tell ya about it lol
Cheers Buma, you've obviously worked very hard yourself. I think the one thing people lack when learning to trade is self-belief. If they do not believe they can make it then they're not going to put in their hardest efforts. The two ingredients to succeeding in anything is desire and belief, then all the other attributes follow.

Lol, we all tend to get distracted easily. It becomes a problem when you cannot focus at all or cannot pay attention to any task. If they label you as having ADD just take it with a pinch of salt because they love labelling people with their big catalogue of diagnosis.

Right, back to reading trading theory. When I have eaten up and digested PIE and the peripheral material, it will all be excreted in trading practise (10-year back testing). After that, jump on a few demo accounts and fine tune the practise - working on the W/L ratio. I will only get back onto my live account when I have reached my W/L ratio goal... I'm thinking between 60-80% win ratio. It may take a lot of practise but I know that with such good results and consistency it will take out a lot of the emotion because I have proven it to myself and I will know I will end up profitable.

Anyway, blah blah blah. Catch you in a bit.
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