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Price is Everything Chat Room

  • #1,161
  • Jan 20, 2012 11:51am Jan 20, 2012 11:51am
Quoting Tyoon
Haha, yeah. I just flipped the charts the other way so they are all facing the same way up.

Red said a few times that the major pairs follow techs the least and here it shows that a load of other pairs followed tech while EU just correlated without hitting any of it's own zones/levels. Here is the question; what pair is best to follow and what pair is going to respect techs at any given time?
forex is nuts - i dont know what is sane man.

for sure i know crude is sane... euro is sane... but u know .. its my meaning of sane. i can handle the .... insanity so much i call it sanity


really i dont know dude. u cant expect full - respectable reactions thats for sure.

best is to pick the most liquid - swissie - euro - cable.

dont ever use gold to correlate currencies. it is its own monster. and so is crude.



Forex Cool Gang:
USD
EUR
JPY
CHF
AUD
NZD
GBP

Less Cool Gang:
INR
NOK
SGD
PLN
SEK
DKK
ZAR


Monsters -
Silver
Gold
Crude Oil
Have I got something on my face, SOLDIER?
  • #1,162
  • Jan 20, 2012 12:21pm Jan 20, 2012 12:21pm
Quoting bumapatria
forex is nuts - i dont know what is sane man.

for sure i know crude is sane... euro is sane... but u know .. its my meaning of sane. i can handle the .... insanity so much i call it sanity


really i dont know dude. u cant expect full - respectable reactions thats for sure.

best is to pick the most liquid - swissie - euro - cable.

dont ever use gold to correlate currencies.
Forex is for sure the most complex but it is the most liquid and 'cheapest'. Catch 22.

I don't like cable, love swiss and fibre is ok.

___________________________

Quoting Tyoon
Here is the question; what pair is best to follow and what pair is going to respect techs at any given time?
I think I have found a few answers to this question:

Look for the charts that are clean on the left. The charts that are clean are the charts you should be focused on in correlation analysis.

Clean left< = > clean right


Quoting redsword11
this is where PRICE STRUCTURE is important - if its very clean and defined on the left prices on the right react well and clean on the right


the rules of entry are given to us by the market - you can't have a set of rigid rules when the market varies as it does

this has always been an issue - rules work when the PRICE STRUCTURE on the left is a certain way but when it varies the rules have to be amended - this is price reading as Price is everything
Quoting redsword11
http://www.forexfactory.com/attachme...7&d=1285111307



an example of what l mean on a very difficult pair


defined on the left - the right reacts in a defined manner
  • #1,163
  • Jan 20, 2012 12:26pm Jan 20, 2012 12:26pm
Quoting Rufus
For the current topic...Have a super weekend all
You too Rufus...great pic
Trade Smart
  • #1,164
  • Jan 21, 2012 2:39am Jan 21, 2012 2:39am
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,...
Without fundies or manipulation getting in the way, price will almost always bounce from S to D in any TF. There were excellent clues here that price would bounce down from This H1 S and flip zone down to H1 D and flip zone.

I personally have almost given up on hoping for zones to break one way or another, and am only taking the pips I'm almost certain to be given.

Best

If
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  • #1,165
  • Jan 21, 2012 3:07am Jan 21, 2012 3:07am
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...
Effective learning for me certainly had something to do with winning and losing trades, I can't deny that.

But learning to trade by seeing a trade here and a trade there, of my own or on the threads, was very very limiting.

Asking questions here certainly has its benefits - you can often find a gem of an answer.
The problem is that any answer you ever get will, in some way, always be subjective.

If you really want to learn to trade, all the answers are right in front of you on the charts

You will learn best by following price on the charts, seeing where it turned, seeing why it turned, seeing what pattern formed in the turn, and seeing where price went before it turned back again. Look at all this in every TF, and you will see the extremely simple logic with which the market moves.

Do this long enough and you'll see recurring patterns and principles that can almost guarantee you near flawless trading. Seeing enough of the market in hindsight will surely give you great foresight in the end.

If you want to know which pairs obey S/D best, look into history - it's all there
If you want to know if fibs help, draw fibs on every swing and see
Does divergence work? Ask the charts
etc etc etc

The truth pops up in forums from time to time, but the greatest repository of truth is on the charts. Study the charts, not just the chartists

Best

If
  • #1,166
  • Edited 8:02am Jan 21, 2012 5:12am | Edited 8:02am
More hindsight becoming foresight -



http://www.youtube.com/watch?v=zGDisyWkIBM
  • #1,167
  • Jan 21, 2012 5:26am Jan 21, 2012 5:26am
Quoting Ifmyante
The truth pops up in forums from time to time, but the greatest repository of truth is on the charts. Study the charts, not just the chartists
That's very true. When I first looked at I chart I could only describe it as being random. I started out studying options derivatives, I believed in the random walk theory - that the market was too complex to be thought of as orderly or structured. But now things are starting to piece together.

I am going to take Ken's advice (http://www.forexfactory.com/showthread.php?p=5076601#post5076601) this weekend; I will go through all his RTP charts and scroll back to that time on my charts and detect the reasons why he marked off the zones and levels, looking at the PA around his entry and exits.

As far as I understand, the tools to be using are boxes/lines, TLs and fibs.

This is just me but I would suggest other learners to do the same. It's all about training your brain to read the charts like a book.
  • #1,168
  • Jan 21, 2012 6:47am Jan 21, 2012 6:47am
kiwi
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  • #1,169
  • Jan 21, 2012 9:38am Jan 21, 2012 9:38am
Quoting Tyoon
That's very true. When I first looked at I chart I could only describe it as being random. I started out studying options derivatives, I believed in the random walk theory...
The things they teach you at school...

Options are fun though. especially when you write them short term just behind S/D, with time and price at your side, watching the value bleed out.

There's more then Forex alone
  • #1,170
  • Jan 21, 2012 9:50am Jan 21, 2012 9:50am
Quoting MitchWorse
Posting bad trades just isn't fun

Personally i don't care about other peoples trades. I do care about the "why are they looking at that area"(the S/D part).

I'm sure all the serious traders are analyzing their errors, otherwise they can't improve.

If you combine PIE with strict MM you will have an edge.

I'm screwing up 22 out of 100 on eur/usd incl. BE, so i have some room to improve. But my MM allows me to still be profitable.

Yesterday i saw a post with huge drawdown which turned positive for scalps. That might be PIE based,...
Very nice, informative post and luverly chart
All systems of divination, like music itself,work through patterns.
  • #1,171
  • Jan 21, 2012 12:59pm Jan 21, 2012 12:59pm
Hi Folks, here are some thoughts on AJ. I'll be watching price when it goes to daily supply. I might possibly jump back onto my live account if price reacts well.

It has been spiked once resulting in a harsh fall so it should still be pretty fresh.

Pointed out some details in the fabric.

..
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  • #1,172
  • Jan 21, 2012 3:35pm Jan 21, 2012 3:35pm
YO Tyoon,

i want to place the RED flag in my signature: pic + link
Can IF tell me how? since you got it .

MIKY
--Be in the NOW or get lost in time.--
  • #1,173
  • Jan 21, 2012 3:41pm Jan 21, 2012 3:41pm
Quoting Miky
YO Tyoon,

i want to place the RED flag in my signature: pic + link
Can IF tell me how? since you got it .

MIKY
Copy the URL from the pic on RTP page 1

go to your profile page, and in signature, go to upload signature picture

paste URL

and Bob's your uncle

Have a great weekend

Gotta go
  • #1,174
  • Jan 21, 2012 4:01pm Jan 21, 2012 4:01pm
Haha, Miky I thought you were talking about price action testing a flag.

I'm testing my flag now.
  • #1,175
  • Jan 21, 2012 4:05pm Jan 21, 2012 4:05pm
THe gang flag. hoep it works now

EDIT: hm interesting
--Be in the NOW or get lost in time.--
  • #1,176
  • Jan 21, 2012 4:07pm Jan 21, 2012 4:07pm
Quoting Miky
THe gang flag. hoep it works now

EDIT: hm interesting
Not working man. Have you done this yet?

..
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  • #1,177
  • Jan 21, 2012 4:07pm Jan 21, 2012 4:07pm
it worrrrkkks!!

EDIT: bluh O.o
EDIT2: haha i didnt press insert , i though this is to add another one
--Be in the NOW or get lost in time.--
  • #1,178
  • Jan 21, 2012 4:09pm Jan 21, 2012 4:09pm
truely works, thx Tyoon
--Be in the NOW or get lost in time.--
  • #1,179
  • Jan 21, 2012 4:10pm Jan 21, 2012 4:10pm
GANG!!

I'll make sure I'll live up to this flag... and beyond.
  • #1,180
  • Jan 21, 2012 4:21pm Jan 21, 2012 4:21pm
Missing out on some shit tonight so I thought I would make up for it by studying some charts furthermore. Here are a few lines I am seeing on Gold.

UTL looks interesting.

..
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