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Price is Everything Chat Room

  • #1,221
  • Jan 24, 2012 9:22am Jan 24, 2012 9:22am
Quoting bumapatria
you see? red and mcfly posted about momentum switches. because thats what actually makes the market flow from sellers to buying powers of suply and demand

nice one mcfly
thank you. maybe I should make a pdf instead of cluttering the thread I mean I have alot more pattern.
  • #1,222
  • Jan 24, 2012 9:29am Jan 24, 2012 9:29am
Thanks Buma and MCFly. Getting my noodle going. Going to draw some more up now. Anybody got any references to price symmetry?
  • #1,223
  • Jan 24, 2012 9:37am Jan 24, 2012 9:37am
Quoting Tyoon
Thanks Buma and MCFly. Getting my noodle going. Going to draw some more up now. Anybody got any references to price symmetry?
price symmetry and market geometry is more or less gann and esoteric into the whole astro and stars drawing and bla bla crap.
Have I got something on my face, SOLDIER?
  • #1,224
  • Jan 24, 2012 9:39am Jan 24, 2012 9:39am
Quoting bumapatria
price symmetry and market geometry is more or less gann and esoteric into the whole astro and stars drawing and bla bla crap.
I've seen red mention it a few times. There are more other important PA we will focus on those. Currently working on what we have posted.
  • #1,225
  • Jan 24, 2012 9:40am Jan 24, 2012 9:40am
Quoting bumapatria
price symmetry and market geometry is more or less gann and esoteric into the whole astro and stars drawing and bla bla crap.
Maybe he means pattern symmetry like Red showed it often.
  • #1,226
  • Jan 24, 2012 9:45am Jan 24, 2012 9:45am
Quoting MCFly
Maybe he means pattern symmetry like Red showed it often.
care to post a chart so we all can study it in depth?
Have I got something on my face, SOLDIER?
  • #1,227
  • Edited 10:23am Jan 24, 2012 9:50am | Edited 10:23am
Is my brief drawing an accurate deduction of this PA? Drawing next to the text in screen.

BTW MCFly, Gold has broken north at level. I think that PA could be considered compression.

ADD: found a few pages on price symmetry:

Price Symmetry, Highs & Lows (http://www.nobrainertrades.com/2010/02/price-symmetry-highs-and-lows-step-by.html)

Quasi Pattern, Price Symmetry, Highs & Lows (http://www.nobrainertrades.com/2010/02/video-quasi-pattern-price-symmetry.html)

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  • #1,228
  • Jan 24, 2012 11:08am Jan 24, 2012 11:08am
Quoting bumapatria
care to post a chart so we all can study it in depth?
A few examples of symmetry from red.

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  • #1,229
  • Jan 24, 2012 11:10am Jan 24, 2012 11:10am
Quoting Tyoon
Is my brief drawing an accurate deduction of this PA? Drawing next to the text in screen.

BTW MCFly, Gold has broken north at level. I think that PA could be considered compression.

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Sry I was afk.

When it really is compression I think gold has to go higher.

Flag trades: I think you made the drawing a bit too complicated. What Red meant was that novice traders see the momentum candles and only wait for a flag pole trade. But when red notices good pa even with lower momentum he trades the flag to the pole. Now when the pole holds red has earned a good amount of pips and the next thing he will do is taking a flag pole trade. But there is also a chance that the pole will get broken (best with high mometum) and his flag trade can go up to the skies. Trade what you see not what you expect.

I think there are 3 things that you should show with you drawning:

1. Entry when the flag is moving to the pole. The trade should based on pattern like support becomes resistance or vice versa, engulfing...

2. The flag gathers momentum and breaks the pole.

3. The price can but must not come back and bounce from the pole.

Only my point of view.
  • #1,230
  • Jan 24, 2012 11:35am Jan 24, 2012 11:35am
Quoting MCFly
Sry I was afk.

When it really is compression I think gold has to go higher.

Flag trades: I think you made the drawing a bit too complicated. What Red meant was that novice traders see the momentum candles and only wait for a flag pole trade. But when red notices good pa even with lower momentum he trades the flag to the pole. Now when the pole holds red has earned a good amount of pips and the next thing he will do is taking a flag pole trade. But there is also a chance that the pole will get broken (best with high mometum) and his flag trade...
Brilliant thanks. I understand what he is saying now.

Here is a fundamental explanation of poles from red (for those who need to recap).

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  • #1,231
  • Jan 24, 2012 11:47am Jan 24, 2012 11:47am
Look at this. All in the chart

Flags don't have to look always like a perfect flag. I have added another ss from Kenny where he trades miniflags.
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  • #1,232
  • Jan 24, 2012 12:01pm Jan 24, 2012 12:01pm
more pattern-->flat candles
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  • #1,233
  • Jan 24, 2012 12:03pm Jan 24, 2012 12:03pm
H&S
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  • #1,234
  • Jan 24, 2012 12:04pm Jan 24, 2012 12:04pm
Quoting MCFly
Look at this. All in the chart

Flags don't have to look always like a perfect flag. I have added another ss from Kenny where he trades miniflags.
Lol, coincidence. When we were talking about flags I was also looking EU 1M thinking 'hmmm looks like red's chart, momentum broke pole base north.' And you have posted the EU chart also

Quoting MCFly
Flags don't have to look always like a perfect flag.
Haha, this one is a funny flag.

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  • #1,235
  • Jan 24, 2012 12:07pm Jan 24, 2012 12:07pm
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lost on this.. engulfing.. flag but lost. any idea why or it is one of those that wont work
  • #1,236
  • Jan 24, 2012 12:08pm Jan 24, 2012 12:08pm
Losing momentum near s&d
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  • #1,237
  • Jan 24, 2012 12:14pm Jan 24, 2012 12:14pm
Quoting atton
Attachment

lost on this.. engulfing.. flag but lost. any idea why or it is one of those that wont work
Hi Atton,
that was an example for a flag pole trap. When price was reaching the pole there was bullish PA (engulfing) and no bearish power showed up. It was more something like rally base rally.

@Tyoon yes Red's pattern happen again and again.
  • #1,238
  • Jan 24, 2012 12:16pm Jan 24, 2012 12:16pm
weak momentum is mostly a good hindsight
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  • #1,239
  • Jan 24, 2012 12:17pm Jan 24, 2012 12:17pm
Views on current flag.

Thanks for explanations MCFly.

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  • #1,240
  • Jan 24, 2012 12:19pm Jan 24, 2012 12:19pm
Momentum
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