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Price is everything

  • #27,321
  • Mar 13, 2012 7:19pm Mar 13, 2012 7:19pm
Quoting _BBKing_
hello everyone
i would like to post here from time to time some of my trades based on PA. i mostly trade GU and usually m5 m15 TF but also some trades in h1.
sometimes i get them wrong so feel free to tell me if any of you see what i am mistaking.
thanks in advance
Feel free brother Glad to have you
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #27,322
  • Edited 8:29pm Mar 13, 2012 7:55pm | Edited 8:29pm
Quoting tiforexbest
Thanks very much for your shared links, i can benefit a lot from it .
I'd like to learn more information about price in forex trading ,can you
give me some basic forex knowledge websites? Thanks a lot.
Here are some good places to start

Babypips
http://www.babypips.com/school/

Currency Trading for Dummies -Actually pretty good primer, however would recommend oanda or alpari over forex.com
https://secure.efxnow.com/forex2/eng/ct-dummies.pdf

Investopedia
http://www.investopedia.com/universi...#axzz1ovJPyEcv

FXCM basic videos
http://www.fxcm.com/forex-educational-videos.jsp

This thread of course

Romancing the Price
http://www.forexfactory.com/showthread.php?t=288142

PIE Chat room
http://www.forexfactory.com/showthre...300889&page=99

B.S. Trading with Kenneth Lee
http://www.forexfactory.com/showthread.php?t=311095

The FXDD site also has good videos/webinars
http://forex.fxdd.com/category/forex-video
http://forex.fxdd.com/training-videos

CMSForex Online Forex Course
http://www.cmsfx.com/en/forex-educat...orex-exchange/

Online Trading Academy articles
http://www.forexfactory.com/showthre...69#post4504369

Sam Seiden's Webinars on Fxstreet start with oldest first
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

This strategy is very much against traditional technical analysis, but you can also look at Technical Analysis of Stock trends also a good basic understanding of how to draw trendlines.

If you are interested in learning more traditional methods you can also look at mta.org their CMT designaton has a lot of materials. CFA is also helpful. These of course are a lot more advanced, and I have not yet finished completing them.
http://www.mta.org/eweb/dynamicpage....y-of-knowledge

I would say also that it helped me immensely reading through this thread completely ( I am on my second read now) as well as looking through Redsword's charts from KennyZ's great pdf he made on Romancing the Price. The more you practice the better you get, so practice drawing supply/demand zones until you can see them easily. I have studied support/resistance a bit so this method was a bit easier for me to understand. I hope this helps.

You can also search for "Japanese Candlestick Charting Techniques by Steve Nison" and "Profiting in forex dvd workshop" I don't use candlesticks, but many do, and therefore may help at first.

Also http://marketgeometry.com and http://medianline.com/articles are great, but are a bit more advanced.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #27,323
  • Mar 14, 2012 2:10am Mar 14, 2012 2:10am
hi everybody..
i would like to post here from time to time some of my trades based on indicator.. Moving Avarage/Boilinger band, Standard deviation level and MACD also PA . i mostly trade GU and EU.
sometimes i get them wrong so feel free to tell me if any of you see what i am mistaking.
thanks in advance
Attached Image (click to enlarge)
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  • #27,324
  • Mar 14, 2012 4:27am Mar 14, 2012 4:27am
I am a little confused here, :<<, I will try my best to learn.
  • #27,325
  • Mar 14, 2012 4:53am Mar 14, 2012 4:53am
this pair might touch .931 shortly powered by a rising trendline and usd's strength
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finding A M S
  • #27,326
  • Mar 14, 2012 8:22am Mar 14, 2012 8:22am
Here's a good video on Supply/Demand Zones.

http://traderkingdom.com/market-anal...and-simplified
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #27,327
  • Mar 14, 2012 10:21am Mar 14, 2012 10:21am
Quoting abdul_halim
hi everybody..
i would like to post here from time to time some of my trades based on indicator.. Moving Avarage/Boilinger band, Standard deviation level and MACD also PA . i mostly trade GU and EU.
sometimes i get them wrong so feel free to tell me if any of you see what i am mistaking.
thanks in advance
Hi bro...im just newibe and i love your posts and charts.. could u plz share ur indicators and templates.. cuz i couldn't find them.. thanks
  • #27,328
  • Mar 14, 2012 10:52am Mar 14, 2012 10:52am
Everybody's welcome here, but this is a thread about apples and it looks like you're discussing oranges
  • #27,329
  • Mar 14, 2012 10:56am Mar 14, 2012 10:56am
My feed has always had a price spread similar to what is seen in the first half of abnormal spread 2.jpg, What is causing the spread variation? Why now? Any detailed explanations? Thank you. Blue portion is US trading.
Attached Image(s) (click to enlarge)
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  • #27,330
  • Mar 14, 2012 12:36pm Mar 14, 2012 12:36pm
Quoting abdul_halim
hi everybody..
i would like to post here from time to time some of my trades based on indicator.. Moving Avarage/Boilinger band, Standard deviation level and MACD also PA . i mostly trade GU and EU.
sometimes i get them wrong so feel free to tell me if any of you see what i am mistaking.
thanks in advance
Hello brother this thread is about trading price within the context of supply and demand zones. Feel free to read through this thread, Romancing the Price and B.S. Trading with Kenneth Lee to get a better understanding of what is covered here. It looks like you have a great system so you may want to start your own thread or journal. My last post above has many links to Supply and Demand material.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #27,331
  • Mar 14, 2012 12:38pm Mar 14, 2012 12:38pm
Quoting Origami89
My feed has always had a price spread similar to what is seen in the first half of abnormal spread 2.jpg, What is causing the spread variation? Why now? Any detailed explanations? Thank you. Blue portion is US trading.
This may be a question for your broker. You can also look at the forex factory calendar to see any news that may affect your spread.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #27,332
  • Mar 14, 2012 2:01pm Mar 14, 2012 2:01pm
Took the USD/CAD one as well but closed it prematurely.
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  • #27,333
  • Mar 14, 2012 3:55pm Mar 14, 2012 3:55pm
My view of aud/usd. PA + Pivots + Trend line and double bottom so I get long, at this moment SL at BE, TP on 1.05444 in upper red zone. What do you think about my trade ?

http://images47.fotosik.pl/1431/5117090ea0f55698.jpg
  • #27,334
  • Mar 14, 2012 6:51pm Mar 14, 2012 6:51pm
Quoting Rosa
My view of aud/usd. PA + Pivots + Trend line and double bottom so I get long, at this moment SL at BE, TP on 1.05444 in upper red zone. What do you think about my trade ?

http://images47.fotosik.pl/1431/5117090ea0f55698.jpg
The entry looks good but be careful of trying to win a lot at first. perhaps the first supply level would have been adequate i.e. the next green level. This seems to be bottoming out so you are taking longs after a big selloff. Price could continue to selloff or you could have found a bottom. For this particular trade I would have wanted to short only, and waited for price to show me higher highs and higher lows before i started to buy. If you see my charts that is why I use channels a lot in smaller timeframes, often you can get in to a trade with minimal risk.
If you are just starting out, look for base hits, not home runs. Also consider looking at 4 hour and daily charts to see what the overall trend is doing so that you can take advantage of those with larger pockets. I have monthly, weekly, daily, h4 and 5m charts for every currency i trade. I may add h1 in the future but most of the institutional traders trade off of 4h (240 min) and 15m charts with daily and weekly asd trend identification. I have blended this style with Building an Equity Millipede and have noticed good results so far, although my methodology is a little from complete.

Also personally I think pivot points are a waist of time, but that is up to you to decide. That is why I use higher timeframe fibs, work very similarly. Also please upload your pics using the manage attachments icon under the box when posting. You can still use your image hosting just click upload via url.

Others may feel free to answer.

I may not be here as much next couple weeks.
Ifmyante feel free to takeover anything I didn't say.

The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #27,335
  • Mar 14, 2012 7:20pm Mar 14, 2012 7:20pm
Quoting eaglestar
Feel free brother Glad to have you
hello :-)
thank you and sorry for dealy i was busy and with GU moves. ehehhe today sent me out friggin my brain. i gave up and now waiting next setup.

looks like today shakings cleaned very well the 5750-5650 range from a lot of orders. soon to explode. let's see.

i'm going throught previous posts to read and understand more n more n more about trading pure price. i think is a good way to trade without the confusing indicators around platforms.

all this said, i admit i still fail some days few times some other more times.
i hope i will find here reasons of my mistakes. maybe reasons are deep inside my convinction that a price is going more up or more down.

too many words.
back to work, will see soon :-)
90% of traders use TA, indicators and prediction
  • #27,336
  • Mar 14, 2012 7:26pm Mar 14, 2012 7:26pm
still in down pressure but couldn't resist to pick this long.
worst scenario i stop 15p below the TL

tgt DP
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 69 KB
90% of traders use TA, indicators and prediction
  • #27,337
  • Mar 14, 2012 7:42pm Mar 14, 2012 7:42pm
Quoting _BBKing_
still in down pressure but couldn't resist to pick this long.
worst scenario i stop 15p below the TL

tgt DP
and the SL gone.
oh well.
paid 12 pips.
price still loosing strenght.

next one will be better
90% of traders use TA, indicators and prediction
  • #27,338
  • Mar 14, 2012 7:46pm Mar 14, 2012 7:46pm
Quoting Za3eeM
Hi bro...im just newibe and i love your posts and charts.. could u plz share ur indicators and templates.. cuz i couldn't find them.. thanks
Indi..
Attached File(s)
File Type: mq4 KG MA 1.3c.mq4   16 KB | 427 downloads
File Type: mq4 KG Average HLCC.mq4   3 KB | 488 downloads
  • #27,339
  • Mar 15, 2012 2:17am Mar 15, 2012 2:17am
Hi,
late entry from H4 demand
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #27,340
  • Mar 15, 2012 4:01am Mar 15, 2012 4:01am
Long based on retest of breakout area and H1 demand level
Attached Image (click to enlarge)
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
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