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  • #1,561
  • Mar 28, 2012 3:43pm Mar 28, 2012 3:43pm
@ Hiddengap / anybody


What would you make of this runner candle if it is a such , and how would you read it ?

Thanks for a great thread.

Regards,
Hans
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"The future is already written in the past"
  • #1,562
  • Mar 28, 2012 4:12pm Mar 28, 2012 4:12pm
Quoting Rosa

I also have question to more advace users. When I paint my zones, I start from D1, then H4, H1 and M30 in this way that H4 zone in D1 zone, H1 in H4 and so on. Ok, then I am waiting long long time, and at last get my trade, yeeee, but If tell me to set my TG on TF I play, so there is on 15m and TP = 15 or 20 pips .... I don't understand this. All day waiting for enter, then if good trade I have 15 pips ... WoW . Any sugestions in this topic ?
Just to set this straight:


You should be looking for much bigger gains than that. If you're deep into a daily zone, put your sl beyond that zone (or the area beyond it where price would better have turned) and your tg in daily demand.

You can certainly enter on a really nice LTF zone deep inside a HTF zone, and manage that trade in the HTF
  • #1,563
  • Mar 28, 2012 8:43pm Mar 28, 2012 8:43pm
Thanks Red armee for a great thread and thanks to If for uploading the Aussie vid very informative and would be great to see more of this.

Looked yesterdays Euro on 5 min chart and in hindsight saw many opportunities that if played right would have been very profitable. Just looking at the 5 min here and ignoring any information from HTF.

Whilst I am confident in identifying Supply/Demand zone, I am now working on identifying where to pull the trigger and finding appropriate targets.

Any comments welcome

Thomas
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  • #1,564
  • Edited 6:54am Mar 29, 2012 5:11am | Edited 6:54am
Quoting hometrading
Thanks Red armee for a great thread and thanks to If for uploading the Aussie vid very informative and would be great to see more of this.

Looked yesterdays Euro on 5 min chart and in hindsight saw many opportunities that if played right would have been very profitable. Just looking at the 5 min here and ignoring any information from HTF.

Whilst I am confident in identifying Supply/Demand zone, I am now working on identifying where to pull the trigger and finding appropriate targets.

Any comments welcome

Thomas
Great analysis Thomas

Keep it ip, and you'll rip it up
  • #1,565
  • Mar 29, 2012 7:46am Mar 29, 2012 7:46am
Hello,

If, on your video's you said, that lower line of day demand have to be sharp and there should be break. I have day demand on aud/usd on my chart (bold green) and in last 30m, when I was waiting on PA at that line, there was a break by wicks ... What to do now ? How to read this ?
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  • #1,566
  • Mar 29, 2012 8:10am Mar 29, 2012 8:10am
Quoting Rosa
Hello,

If, on your video's you said, that lower line of day demand have to be sharp and there should be break. I have day demand on aud/usd on my chart (bold green) and in last 30m, when I was waiting on PA at that line, there was a break by wicks ... What to do now ? How to read this ?
As I've said re zones

look past them, further into the past, and see if there's a LTF zone the point would rather have reached
  • #1,567
  • Mar 29, 2012 8:34am Mar 29, 2012 8:34am
Quoting Rosa
Hello,

If, on your video's you said, that lower line of day demand have to be sharp and there should be break. I have day demand on aud/usd on my chart (bold green) and in last 30m, when I was waiting on PA at that line, there was a break by wicks ... What to do now ? How to read this ?
I see this slightly differently Rosa (not necessarily correct either so take with a pinch of salt).
I have a zone marked lower than yours so we aren't quite in the D1 D zone yet.
On my m15 chart you can see the wick come out of the zone quite quickly so there's demand there.
A little lower down my S/D indi drew the D1 zone it likes and there is H4 inside that.
So i'm watching inside this zone.
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  • #1,568
  • Mar 29, 2012 9:32am Mar 29, 2012 9:32am
Beebolbod, Ifmyante:

Ok, there is zone in the past, but there will always be some zone ...

I painted my from two reason. First at D1 chart there was "decision", after 300 pips move down, there was local low and trend was changed to uptrend with 200 pips move. So there was first level in the past that wasn't tested yet, price travel about 200 pips, high of the zone is about 40 pips, so 5:1 R/R.

Only thing that I see, is that I painted demand zone on downtrend (near past), and Beebolbod paited his demand zone on uptrend (further past). Does it change something ?

Best regards.
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  • #1,569
  • Mar 29, 2012 9:59am Mar 29, 2012 9:59am
Quoting Rosa
Beebolbod, Ifmyante:

Ok, there is zone in the past, but there will always be some zone ...

I painted my from two reason. First at D1 chart there was "decision", after 300 pips move down, there was local low and trend was changed to uptrend with 200 pips move. So there was first level in the past that wasn't tested yet, price travel about 200 pips, high of the zone is about 40 pips, so 5:1 R/R.

Only thing that I see, is that I painted demand zone on downtrend (near past), and Beebolbod paited his demand zone on uptrend (further past)....
I think the zones you drew are retest zones and may not have many buy orders left. Price already jumped out of these zones as you see on my chart.
My chart is how i see it, but i could be wrong/inaccurate. I think i have the rough idea tho.
(I didn't draw and supply here)
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Is this correct If?
  • #1,570
  • Mar 29, 2012 10:50am Mar 29, 2012 10:50am
Quoting beebolbod
I think the zones you drew are retest zones and may not have many buy orders left. Price already jumped out of these zones as you see on my chart.


Is this correct If?
Everything you're saying is making perfect sense.

It looks like price is in an hurry to get from W1S to W1D
  • #1,571
  • Mar 29, 2012 2:10pm Mar 29, 2012 2:10pm
Quoting Ifmyante
Everything you're saying is making perfect sense.

It looks like price is in an hurry to get from W1S to W1D
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I'd have tried this for a scalp long...

Now then - i'm having trouble seeing W1S/D.... I'll post what i think it is.
  • #1,572
  • Mar 29, 2012 6:50pm Mar 29, 2012 6:50pm
Not sure if I should post here or PIE, anyway here is a daily view on the euro, also have a weekly supply just above 1.4000.

Again comments welcome
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  • #1,573
  • Mar 30, 2012 3:30am Mar 30, 2012 3:30am
Quoting hometrading
Not sure if I should post here or PIE, anyway here is a daily view on the euro, also have a weekly supply just above 1.4000.

Again comments welcome
My EU longs hit TG whilst i slept but i like your view of this and am looking for base for more :rubshands:
  • #1,574
  • Mar 30, 2012 9:48am Mar 30, 2012 9:48am
aud/usd, on M5 chart i had demand zone, pullback after break DTL. Unfortunately it didn't hold. Any sugestions why ?? Or mayby this zone was wrong ? Why ?
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  • #1,575
  • Mar 30, 2012 11:53am Mar 30, 2012 11:53am
Quoting Rosa
aud/usd, on M5 chart i had demand zone, pullback after break DTL. Unfortunately it didn't hold. Any sugestions why ?? Or mayby this zone was wrong ? Why ?
I'm not 100% but i dont see those as really strong zones. I'd want price to really come flying out from a base at m5 level or be nested inside a higher Tf level. I think this is the structure thats referred to....
  • #1,576
  • Mar 30, 2012 7:57pm Mar 30, 2012 7:57pm
Quoting Rosa
aud/usd, on M5 chart i had demand zone, pullback after break DTL. Unfortunately it didn't hold. Any sugestions why ?? Or mayby this zone was wrong ? Why ?
As I understand it, no one says a zone must hold. You wait for "price arrival" as Red would say and then decide to trade based on the PA at the zone. (Red's charts only show wicks in these areas, cos that's what he wants us to look at.)

Sometimes you can see why a zone did not hold by looking at htf zones. Also if price moves up a level, a supply zone can turn into a demand zone. Gotta love it when they hold though!

The idea is to draw zones at clusters from which price made a clean gettaway.

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Good Trading
  • #1,577
  • Mar 30, 2012 8:48pm Mar 30, 2012 8:48pm
Given the A/U has been falling of late rather than ranging, here are some H1 examples of demand zones changing to supply.

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Good Trading
  • #1,578
  • Edited 9:29am Mar 31, 2012 9:11am | Edited 9:29am
OK. It's homework time.

First, setup a filing system for it


This assignment is all about Quasimodos

We look for QMs at HTF S and D.

Find at least 20 QMs through history and file them. They can be in any TF, any pair. Find ones that worked, and ones that failed. You'll learn from both

There's an example below


and the HTF in which it occurs


Feel free to post your homework here where it can be discussed.

Best

If
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  • #1,579
  • Mar 31, 2012 9:44am Mar 31, 2012 9:44am
Hello If,

I made my first QM chart, but I don't know is it good painted .

eur/usd on M5 then M30 and H1, but on M30 and H1 I don't see anything special .
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  • #1,580
  • Mar 31, 2012 9:52am Mar 31, 2012 9:52am
Quoting Rosa
Hello If,

I made my first QM chart, but I don't know is it good painted .

eur/usd on M5 then M30 and H1, but on M30 and H1 I don't see anything special .
since you will be backtesting anyway, maybe its better to search for them near swing highs and lows?
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