Tyoon, what software do you use when you draw your nice diagrams?
- #1,460
- Mar 4, 2012 2:31pm Mar 4, 2012 2:31pm
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
Fozzy Chat Room 7 replies
DislikedI either use photoshop or paint. It doesn't really matter. I just like making them look pretty
Here is another one that includes another pattern. It is similar to compression except when price is rising/falling it is taking out the buyers/sellers in the direction that it is moving. Unlike compression, when price is removing supply/demand to clear the way north/south, this pattern is there to consume supply/demand so keep moving in it's current direction. You can get a combination of both compression and this pattern to get a messy whipsaw...Ignored
DislikedEU is currently doing this southwards atm. I just got trapped. It is spiking south while moving south. I entered on what I thought was a bull pin bar.
Learn from mistakes.
BTW ignore this crap trade. I am holding this long for an experimental reason (a small lot so the risk is not too bad).
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DislikedHi,
I made the same mistake, but we are on the way to 23.6 Fib and daily UTL
edit: also H4 demand levelIgnored
DislikedWhat 4h demand are you looking at? The only one I see is a swap zone which I have marked out on my 4h.Ignored
DislikedGot ya. Had the zone tightened up on 15M. He have a beautiful demand a bit lower on EU on 15M. Can you see it?
My 4h. The blue band is the swap zone.
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Dislikedyes, that was clean oneand I think we have first reaction, will add on retrace
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DislikedWe have price retracing back to entry... so look at how PA turned on the reaction of the 15M version of your 4h demand - very cool.
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DislikedWould you be able to post a your chart? To me those zones you marked look very vague. I have a feeling price might retest the hourly high so will put long on BE for now.Ignored
DislikedYou mean demand mate?
My DX chart. This dollar bearishness is making me a bit dizzy.
http://www.forexfactory.com/attachme...1&d=1330103405Ignored