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Price is Everything Chat Room

  • #1,441
  • Feb 27, 2012 6:54am Feb 27, 2012 6:54am
Tyoon, what software do you use when you draw your nice diagrams?
  • #1,442
  • Feb 27, 2012 7:36am Feb 27, 2012 7:36am
Quoting neil324
Tyoon, what software do you use when you draw your nice diagrams?
I 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 or shake-outs.

This pattern is interesting because for example as it spikes north while going north it is trapping the short sellers with every pin it creates as it keeps moving up. This pattern had trapped me out a few times before until I realized what it was doing.

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  • #1,443
  • Feb 27, 2012 8:35am Feb 27, 2012 8:35am
Quoting Tyoon
I 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...
EU 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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  • #1,444
  • Feb 27, 2012 8:42am Feb 27, 2012 8:42am
Quoting Tyoon
EU 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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Hi,
I made the same mistake, but we are on the way to 23.6 Fib and daily UTL
edit: also H4 demand level
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  • #1,445
  • Feb 27, 2012 8:49am Feb 27, 2012 8:49am
Quoting kruger
Hi,
I made the same mistake, but we are on the way to 23.6 Fib and daily UTL
edit: also H4 demand level
What 4h demand are you looking at? The only one I see is a swap zone which I have marked out on my 4h.

ADD: Oh yes, your looking at the BO demand of the bull flag.
  • #1,446
  • Feb 27, 2012 8:53am Feb 27, 2012 8:53am
Quoting Tyoon
What 4h demand are you looking at? The only one I see is a swap zone which I have marked out on my 4h.
chart
Attached Image
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  • #1,447
  • Feb 27, 2012 8:56am Feb 27, 2012 8:56am
Quoting kruger
chart
Got 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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  • #1,448
  • Feb 27, 2012 8:59am Feb 27, 2012 8:59am
Quoting Tyoon
Got 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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yes, that was clean one and I think we have first reaction, will add on retrace
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  • #1,449
  • Feb 27, 2012 9:04am Feb 27, 2012 9:04am
Quoting kruger
yes, that was clean one and I think we have first reaction, will add on retrace
We 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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  • #1,450
  • Feb 27, 2012 9:09am Feb 27, 2012 9:09am
Quoting Tyoon
We 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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looks great, let see what will happen next
also chart
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  • #1,451
  • Feb 27, 2012 9:13am Feb 27, 2012 9:13am
Quoting kruger
let see what will happen next
Well, we have a good old pin reaction 1h from demand. Lower demand left untouched.... for now.

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  • #1,452
  • Feb 27, 2012 9:22am Feb 27, 2012 9:22am
chart
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  • #1,453
  • Feb 27, 2012 9:27am Feb 27, 2012 9:27am
Quoting kruger
chart
Would 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.
  • #1,454
  • Feb 27, 2012 9:33am Feb 27, 2012 9:33am
Quoting Tyoon
Would 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.
sure, there it is
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  • #1,455
  • Edited 9:57am Feb 27, 2012 9:43am | Edited 9:57am
took some profit @ 1.3408
edit1: Is it retrace time?
edit2: closed, will try go long once again
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  • #1,456
  • Feb 27, 2012 9:58am Feb 27, 2012 9:58am
Quoting kruger
took some profit @ 1.3408
edit: Is it retrace time?
I have closed mine for a few. Couldn't be bothered to hold it in the end.

Price currently reacting to the SR marked out from earlier.

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  • #1,457
  • Feb 27, 2012 10:13am Feb 27, 2012 10:13am
chart
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  • #1,458
  • Feb 28, 2012 1:37pm Feb 28, 2012 1:37pm
Quoting kruger
chart

reactions to circled area
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  • #1,459
  • Mar 4, 2012 2:19pm Mar 4, 2012 2:19pm
Quoting Tyoon
You mean demand mate?

My DX chart. This dollar bearishness is making me a bit dizzy.

http://www.forexfactory.com/attachme...1&d=1330103405
Update on DX. Bounced clearly off of lower support. Got a few resistances to try out.

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  • #1,460
  • Mar 4, 2012 2:31pm Mar 4, 2012 2:31pm
http://i.imgur.com/U0YOa.jpg
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