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  • #1,501
  • Mar 21, 2012 6:10am Mar 21, 2012 6:10am
So whether i was right to take this or not i dont know. I mean we're at a high going into a BRN but i saw what i saw so i trusted the tools and took it. i'm not looking for much on this.

Bear in mind i was looking at pattern and SD.

Saw a bullish flag whilst flipping the H4 charts.
Went down to M15 and saw the zones causing the flag and as i understand it the consumption of orders leading to the pattern.
When price reached bottom and drew a bullish engulfing i placed trade... spread phucked me a bit so entry looks dubious.
Used a small position, cashed some out and rest is BE+ despite chart showing below.
Targeting top of H4 rejection bar.
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so.... stupid? Lucky?

This is not how i normally trade - i wanted to test principles of SD zones and patterns.
  • #1,502
  • Mar 21, 2012 7:06am Mar 21, 2012 7:06am
Quoting beebolbod
So whether i was right to take this or not i dont know. I mean we're at a high going into a BRN but i saw what i saw so i trusted the tools and took it. i'm not looking for much on this.

Bear in mind i was looking at pattern and SD.

Saw a bullish flag whilst flipping the H4 charts.
Went down to M15 and saw the zones causing the flag and as i understand it the consumption of orders leading to the pattern.
When price reached bottom and drew a bullish engulfing i placed trade... spread phucked me a bit so entry looks dubious.
Used a small...
You bought the bottom of a BUFL. That's part of what we do.

Be aware of your realistic targets on it though. You're still in supply, and a good one too.

Some thoughts on the charts
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  • #1,503
  • Mar 21, 2012 7:50am Mar 21, 2012 7:50am
Quoting Ifmyante
You bought the bottom of a BUFL. That's part of what we do.

Be aware of your realistic targets on it though. You're still in supply, and a good one too.

Some thoughts on the charts
  • #1,504
  • Mar 21, 2012 9:21am Mar 21, 2012 9:21am
Quoting beebolbod
So whether i was right to take this or not i dont know. I mean we're at a high going into a BRN but i saw what i saw so i trusted the tools and took it. i'm not looking for much on this.

Bear in mind i was looking at pattern and SD.

Saw a bullish flag whilst flipping the H4 charts.
Went down to M15 and saw the zones causing the flag and as i understand it the consumption of orders leading to the pattern.
When price reached bottom and drew a bullish engulfing i placed trade... spread phucked me a bit so entry looks dubious.
Used a small...
ok so it's done now... it even reached my target BUT not before it came back and took my BE+ stop so.... not a success exactly but a good exercise for me i think. Not a loss.
Looks like another big supply zone ahead so looking for shorts soon perhaps.
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  • #1,505
  • Mar 21, 2012 10:27am Mar 21, 2012 10:27am
Quoting beebolbod
ok so it's done now... it even reached my target BUT not before it came back and took my BE+ stop so.... not a success exactly but a good exercise for me i think. Not a loss.
Looks like another big supply zone ahead so looking for shorts soon perhaps.
Attachment
I left you a clue a few posts back (1.6271)
  • #1,506
  • Edited 3:29pm Mar 21, 2012 2:48pm | Edited 3:29pm
Quoting Ifmyante
I left you a clue a few posts back (1.6271)
yeah i saw that ta.

I was aware i was trading into it at the time but as i said, i saw what i saw and went for it. I'd have pulled it off too if i hadn't gone for BE so early but i was conscious it wasn't the best setup....

So, watching that area i took the M30 pin in the supply zone... which turned into 4H pin.... what you said about seeing the origin of bigger pins (i forget where you said it) is BANG ON (if i've interpreted it right).....

Thanks for this... i'm getting a lot from it... Where would you eye TG for this? AND what does TG stand for? Take ....

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EDIT: i was going to close this at the M30 demand but i put the kids to bed and it had turned back on me quite a bit already.... ho hum.
  • #1,507
  • Mar 21, 2012 3:28pm Mar 21, 2012 3:28pm
Quoting beebolbod

Thanks for this... i'm getting a lot from it... Where would you eye TG for this? AND what does TG stand for? Take ....

Attachment
TG = Target

Generally speaking, if you're trading from S in a certain TF, your TG should be the last D in the same TF.

If however the S is at a pullback to a key level in an higher TF move From S to D, you may want to leave some or all in to maybe catch a runner.


So what's your last D in the TF you were looking at, and what clues have you in the HTFs as to their direction?
  • #1,508
  • Mar 21, 2012 3:58pm Mar 21, 2012 3:58pm
Quoting Ifmyante
TG = Target

Generally speaking, if you're trading from S in a certain TF, your TG should be the last D in the same TF.

If however the S is at a pullback to a key level in an higher TF move From S to D, you may want to leave some or all in to maybe catch a runner.


So what's your last D in the TF you were looking at, and what clues have you in the HTFs as to their direction?
Target... oh yeah... duh. I've been trying to work it out in Reds posts for ages . so i'm eyeing 1.6197 ish, call it 1.62 as last D. We hit that, got a bounce, now testing again.

So, really i should close it out. Or at least a portion. larger TF are sideways after long down -maybe on way back up... 1.62 is big pivot. Offered big support in 2006 & 2011 and may now offer big resistance.

i'll take 2/3 and leave rest with BE stop....
  • #1,509
  • Mar 21, 2012 4:05pm Mar 21, 2012 4:05pm
Quoting beebolbod
Target... oh yeah... duh. I've been trying to work it out in Reds posts for ages . so i'm eyeing 1.6197 ish, call it 1.62 as last D. We hit that, got a bounce, now testing again.

So, really i should close it out. Or at least a portion. larger TF are sideways after long down -maybe on way back up... 1.62 is big pivot. Offered big support in 2006 & 2011 and may now offer big resistance.

i'll take 2/3 and leave rest with BE stop....
Very sensible. I'm impressed
  • #1,510
  • Mar 22, 2012 5:57am Mar 22, 2012 5:57am
IFMYANTE, i have some problem to pick my TP when i spot swap line or pivot point zone or simply support-low that can turn into resistance (for buy). See pic. THANKS
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  • #1,511
  • Edited 7:04am Mar 22, 2012 6:11am | Edited 7:04am
Quoting MozarTT
IFMYANTE, i have some problem to pick my TP when i spot swap line or pivot point zone or simply support-low that can turn into resistance (for buy). See pic. THANKS
I think it's best to watch DX for this one.

OK, on EU price turned on M15 RS, but it had already broken the neck and baseline of the HnS.

On DX, however, price got to a very important price, great supply (already tested) at an old gap level.

I'd advise to watch DX at important levels for clues as to what to do and when with EU
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  • #1,512
  • Mar 22, 2012 7:27am Mar 22, 2012 7:27am
Quoting Ifmyante
I think it's best to watch DX for this one.

OK, on EU price turned on M15 RS, but it had already broken the neck and baseline of the HnS.

On DX, however, price got to a very important price, great supply (already tested) at an old gap level.

I'd advise to watch DX at important levels for clues as to what to do and when with EU
Thanks! But i want to understand how to be in such situation in generally on any pair or futures. This was as an example. What we gonna do if before our S/D zone is some support or resistance level? I ask this because in some cases of your and other traders charts YOU place your TP on S/R level, and in other cases YOU skip such levels and place TP to nearest S/D zone. THANKS

One more example, pic.
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  • #1,513
  • Mar 22, 2012 8:05am Mar 22, 2012 8:05am
Quoting MozarTT
Thanks! But i want to understand how to be in such situation in generally on any pair or futures. This was as an example. What we gonna do if before our S/D zone is some support or resistance level? I ask this because in some cases of your and other traders charts YOU place your TP on S/R level, and in other cases YOU skip such levels and place TP to nearest S/D zone. THANKS

One more example, pic.
Trading is really a multi TF endeavour.

You'll get clues in every TF as to what price is doing from what it already has done.

Simply find all the clues you can, put them all together and hopefully you'll make a picture of the truth
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  • #1,514
  • Mar 22, 2012 1:30pm Mar 22, 2012 1:30pm
Hi Ifmyante, I knew about red's PIE thread since the beginning but thought it's another S/R thread, so I ignored it until recently I came across some of your posts in another thread then I started researching ....and mmmmm I fell in love with S/D specially KennyZ's trading style in the RTP. Thank you Ifmyante

Ps..the link below is a word doc containing sam seiden's material.

Cheers,

(http://www.4shared.com/file/eIQCYxlZ/5_years_of_sam_seiden_ssupply_.html)
Sniffing Snake's Tracks...
  • #1,515
  • Mar 22, 2012 1:59pm Mar 22, 2012 1:59pm
Quoting FX.Sniffer
Hi Ifmyante, I knew about red's PIE thread since the beginning but thought it's another S/R thread, so I ignored it until recently I came across some of your posts in another thread then I started researching ....and mmmmm I fell in love with S/D specially KennyZ's trading style in the RTP. Thank you Ifmyante

Ps..the link below is a word doc containing sam seiden's material.

Cheers,

(http://www.4shared.com/file/eIQCYxlZ/5_years_of_sam_seiden_ssupply_.html)...
Glad you found us FXS.

Looks like that link might be very helpful, thanks.

It may actually get me to go through Sam's stuff at last
  • #1,516
  • Mar 22, 2012 2:28pm Mar 22, 2012 2:28pm
Quoting Ifmyante
Glad you found us FXS.

Looks like that link might be very helpful, thanks.

It may actually get me to go through Sam's stuff at last
You're welcome If, and here goes another link for his XLT video. I hope you like it

(http://www.4shared.com/zip/BB3LzsqD/XLT-Forex-20100430_-_Sam_Seide.html)
Sniffing Snake's Tracks...
  • #1,517
  • Mar 22, 2012 4:20pm Mar 22, 2012 4:20pm
Quoting Ifmyante
It's time to add a new dimension to the PIE empire.

A place where S/D PA traders can kick back and chat about whatever we like, reverting PIE (http://www.forexfactory.com/showthread.php?t=230888) back to the pure trade and setup thread that it is famed for, and RTP (http://www.forexfactory.com/showthread.php?t=288142) to the pure and excellent education centre that it was meant to be.

I hope you'll all make use of this room, so be sure to say "Hi" as soon as you've found it

22/03/2012. Note:

To all new traders:
This...
great post, only thing I am not sure on is the still blowing 3 accounts after going through all the steps. Blew half of an account about a year ago and after the wife's reaction I don't think I would be around long enough to blow 3.
  • #1,518
  • Mar 22, 2012 4:35pm Mar 22, 2012 4:35pm
Quoting grooler
great post, only thing I am not sure on is the still blowing 3 accounts after going through all the steps. Blew half of an account about a year ago and after the wife's reaction I don't think I would be around long enough to blow 3.
Yup. We all have different experiences on the same road.

I felt though, that 3 was a probably a good average.
If I'd said half an account, and learners took it to heart, they may just give up after the second.
  • #1,519
  • Edited 5:55pm Mar 22, 2012 5:14pm | Edited 5:55pm
Quoting Ifmyante
Yup. We all have different experiences on the same road.

I felt though, that 3 was a probably a good average.
If I'd said half an account, and learners took it to heart, they may just give up after the second.
Too right. This thread rocks (as a compliment to RTP/PIA - some legends posting legendary shit.... hooked).

If - I've been playing with what i've read and the pointers you've shown me... came up with a couple today i'm playing and would really appreciate your thoughts. Almost (stops taken out) caught the very beginning of the AUDCAD D1 pin today... i'd have whooped for that... the origin of the pin... you told me about that.... i'll catch you one If... another day.... i feel it coming.... waffle over.... to the charts....

D1 area i'm interested in... big pivot zone.
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Drill down once we're deep in... m15 shows demand zone... pinbar prints... breaks... retraces to zone... goes up. Somewhere in here i enter with v small SL. Now BE.
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The m15 pin from that zone turns into 4h BUOB. Not sure where it'll go so i'm keeping an open mind. I dont want to close out at 1st m15 S zone tho... i think that's too early?
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Now i know this probably will turn on me etc... SL is BE now so i dont care too much - i'm playing with these trades at the moment.
Just love some comments... ta.
  • #1,520
  • Mar 22, 2012 5:42pm Mar 22, 2012 5:42pm
This is the other one i have open using SR ideas... comments please....

D1 level of importance... following TL. RN.
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M30 had a couple of stacked zones, one previously visited (which made the crappy bearish pin thing yesterday) and another fresh (i think) on top.
Shorted these with SL just above next zone above RN.
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This made the crappy 4h pin.... i think this one might fail actually but it's an experiment....
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I'm taking revenge on this pair... i played the pin at bottom of channel and it took out my SL... saw a zone just below the pin and didn't have confidence to play from there.... do now though
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