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Price is everything

  • #27,381
  • Mar 20, 2012 5:13am Mar 20, 2012 5:13am
Quoting Cerber.bf2
12 pips spread? RUN FROM YOUR BROKER
lol they should if it really was that high....But since its a 5 digit broker the spread will actually be 1.2..
Josh
nollej is power..
  • #27,382
  • Mar 20, 2012 5:52am Mar 20, 2012 5:52am
bulls should charge from now on . else if it leaves 1.317 open then price action will turn to downside on higher tf 's ( when 173 is broken ) ny session should bring on the bulls fully charged
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finding A M S
  • #27,383
  • Mar 20, 2012 6:29am Mar 20, 2012 6:29am
Exacly, it's in points not in pips so there is spread from 0,5 pips to 2 pips alredy .

Quoting nollej
lol they should if it really was that high....But since its a 5 digit broker the spread will actually be 1.2..
Josh
  • #27,384
  • Mar 20, 2012 9:21am Mar 20, 2012 9:21am
Are we really discussing spreads in here now?

We do have a chatroom for this kind of stuff
  • #27,385
  • Mar 20, 2012 9:34am Mar 20, 2012 9:34am
Quoting Ifmyante
Are we really discussing spreads in here now?

We do have a chatroom for this kind of stuff
agree with If,,,
charts please
hee hee

AC
Simplicity Is The Ultimate Sophistication ~LDV~
  • #27,386
  • Mar 20, 2012 12:21pm Mar 20, 2012 12:21pm
Quoting Ifmyante
Are we really discussing spreads in here now?
We do have a chatroom for this kind of stuff
Agreed.

But maybe this thread should not be in the trading discussion section if we can't discuss anything.

Also it doesn't help that you have to be logged in just to see the chat room.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #27,387
  • Mar 20, 2012 12:36pm Mar 20, 2012 12:36pm
Hello,

Can anybody answer my question ?

Quoting Rosa
Hello, I have one question, when I have started S/D zones study, I have learned to put S/D zones on bigger TF (for example 1h) and search setups on lower TF (for example 5m or15m). Now when I read this tread I see that most of you (orbital, ken lee) paint S/D zones only on one (30m) chart. I find also some strange for me, s/d zones on 4h chart and setup / TP on 1m TF ... Can somebody write me a few words in this topic ?

PS. I have read BS Trading with KL.
  • #27,388
  • Mar 20, 2012 1:09pm Mar 20, 2012 1:09pm
Quoting Rosa
Hello, I have one question, when I have started S/D zones study, I have learned to put S/D zones on bigger TF (for example 1h) and search setups on lower TF (for example 5m or15m). Now when I read this tread I see that most of you (orbital, ken lee) paint S/D zones only on one (30m) chart. I find also some strange for me, s/d zones on 4h chart and setup / TP on 1m TF ... Can somebody write me a few words in this topic ?

PS. I have read BS Trading with KL.
If you see someone who only charts SD on a particular TF, then that person must feel most comfortable trading that TF at that time. This doesn't make any other TF wrong.

Regarding HTF trades with LTF entries/exits, we're looking for the origin of a move to trade from/to, with the least DD possible. So it makes sense to zoom in to the LTFs to find the exact points of price/value decisions.

Hope this helps

If
  • #27,389
  • Mar 21, 2012 8:37am Mar 21, 2012 8:37am
Here's a possible low risk swing
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  • #27,390
  • Mar 21, 2012 10:23am Mar 21, 2012 10:23am
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Charts are limited in nature. What is the relative location?
  • #27,391
  • Mar 21, 2012 12:49pm Mar 21, 2012 12:49pm
I did an education session today with a trader on skype. Here are a couple of charts that came about, thought I would share as it may help others.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #27,392
  • Mar 21, 2012 1:15pm Mar 21, 2012 1:15pm
Quoting eaglestar
I did an education session today with a trader on skype. Here are a couple of charts that came about, thought I would share as it may help others.
Great market view A.

There's lots of info in those charts. Just goes to show how simple trading is.

If only it were easy too
  • #27,393
  • Mar 21, 2012 5:07pm Mar 21, 2012 5:07pm
Quoting redsword11
Hi Enroth


I simply change the wick colour to the same as the background, they are still there. The reason for doing this is so that l see the pattern without any distractions then l switch templates that include wicks, pivots and all the rest. But the patterns l trade are based on the candle close, the body which really represents the momentum, the wicks do matter and l do take them into considersation once l spot the pattern


Kind regards



Red
interesting mate .. thankyou i have never come across this approach before ..
  • #27,394
  • Mar 21, 2012 6:07pm Mar 21, 2012 6:07pm
Quoting eaglestar
I did an education session today with a trader on skype. Here are a couple of charts that came about, thought I would share as it may help others.
if i may ask, on chart 3, why is it an "indication of reversal" where you have marked with the arrow?
thank you.
  • #27,395
  • Mar 21, 2012 6:17pm Mar 21, 2012 6:17pm
Quoting asos101
if i may ask, on chart 3, why is it an "indication of reversal" where you have marked with the arrow?
thank you.
Here ya go
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  • #27,396
  • Mar 21, 2012 7:16pm Mar 21, 2012 7:16pm
Quoting prashant7
bulls should charge from now on . else if it leaves 1.317 open then price action will turn to downside on higher tf 's ( when 173 is broken ) ny session should bring on the bulls fully charged


and I don't care if the trade worked out for you... this is not the way to do it. You should have bought lower and sold at the place you bought!!!

P.S. Get all that crap of your charts!
  • #27,397
  • Mar 21, 2012 7:27pm Mar 21, 2012 7:27pm
Quoting Ifmyante
Here ya go
Simple huh... although it did break the low with a sneaky fake, which for me would have invalidated it. But hey, there are plenty of cleaner price structures out there.

How are you mate? Gotta visit soon again, but time is in short supply.
  • #27,398
  • Mar 21, 2012 7:30pm Mar 21, 2012 7:30pm
Quoting bbakker
Simple huh... although it did break the low with a sneaky fake, which for me would have invalidated it. But hey, there are plenty of cleaner price structures out there.

How are you mate? Gotta visit soon again, but time is in short supply.
All's going great B.

Good to see your straighttalking back in here.

A touch of insomnia has me still here. Bed soon. Many pips to shoot tomorrow
  • #27,399
  • Mar 21, 2012 8:46pm Mar 21, 2012 8:46pm
Quoting Ifmyante
All's going great B.

Good to see your straighttalking back in here.

A touch of insomnia has me still here. Bed soon. Many pips to shoot tomorrow
Thank you sir for helping out and explaining the answer to the question. I was busy all day so sometimes it is hard to answer every question and every pm. The fact of the matter is, and I think you would agree, that as you draw levels in every day, that it does become more SMOOTH, more CLEAR, and EASIER to trade. Multiple timeframe analysis, this thread, as well as the Building an Equity Millipede have given me a paradigm shift.

to beginning traders:
I HIGHLY recommend traders to keep charts as simple as possible. Just because I show a fork or show a channel doesn't mean you have to draw it on your chart. My eyes and your different, as well as my experience and therefore I may see something that you don't see. I am going to give an example in this chart. I have multiple channels, action reaction, supply and demand, and fibs. I draw this not because I want to be complicated, although it helps me to challenge myself, but because I SEE IT. Train your eyes by drawing and practicing drawing THE BASICS. There are so many people with indicators, pivots, multiple colored candles, moving averages, etc., that just complicate their charts beyond recognition. What Red, Ifmyante, Orbital, KennyZ, and others have shown me and other beginning traders is HOW TO THINK FOR OURSELVES IN OBSERVING PRICE WITH REGARDS TO SUPPLY AND DEMAND AND WHERE TO SPOT THE BUYERS AND SELLERS. AGAIN I THANK YOU TO RED AND ALL SENIOR MEMBERS for continuing to help traders and myself to become better. When I have free time, I chart, read up on THIS thread as well as Romancing the Price and B.S. Trading because these will train you to actually make money. Here you can learn by reading and practicing and BECOME PROFITABLE. Ifmyante, and others, I am sure you will agree with me that your trading has come so far by leaps and bounds just by watching this thread alone as well as the Sam Seiden videos. I did not take all the trades with the arrows in the second chart. It is for education purposes to show that IF YOU TEACH YOURSELF TO READ PRICE YOU CAN AND WILL TAKE SIMILAR TRADES THAT GIVE YOU MANY PIP$$$.

Just a small shout out and Thank you to all. Keep practicing traders because practice makes you the best. I have seen so many start to learn trading and give up because they didn't really enjoy it, lost their shirts, or just gave up. Even if you lose 10 accounts do not give up. Study money management, practice charting, put in the time and effort, and YOU WILL make it.

Peace
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #27,400
  • Mar 21, 2012 9:39pm Mar 21, 2012 9:39pm
More Simple
Keep up the great work Rosa

I kept fibs off for simplicity

Each chart tells a story
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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