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Price is Everything Chat Room

  • #1,821
  • Apr 9, 2012 6:40am Apr 9, 2012 6:40am
Quoting red2010
Sorry mate i had you looking at the wrong charts/diagrams

I am talking about the diagrams on pages 15, 16 and 17

In those you have demand moving down (red arrows) and supply moving up (green arrows) Thats the part i think will confuse newbies as it confused me abit.

I dont think you really need any of that as you have already explained supply and demand so well previously in the document.
ahh, know what ya mean.
But price is always established by supply + demand. Thats why we search for the cross of those two lines. This is the general supply/demand chart layout out of the economics. supply rising, demand falling.

regards,
Jonas




Ps : http://www.forexfactory.com/showthread.php?p=5553348#post5553348
Hero calls followed by margin calls...
  • #1,822
  • Apr 9, 2012 1:54pm Apr 9, 2012 1:54pm
Quoting hometrading
Last one for today, would love to get an answer to the question on the chart?

Thanks Thomas
I believe it is but i'm still a learner. Easter slowed my homework down a little so i have to work on it during the week.

I did however do some homework from last week with a gold trade and took a QM short from 1646.xx which gave super RR with next to no DD.
I was busy playing on the other PC with my son when it all happened and had to go out so i missed the return leg. No levels marked on charts, just the QM and butterfly in the harmonics chart. Easy money.
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  • #1,823
  • Apr 9, 2012 1:56pm Apr 9, 2012 1:56pm
Quoting beebolbod
I believe it is but i'm still a learner. Easter slowed my homework down a little so i have to work on it during the week.

I did however do some homework from last week with a gold trade and took a QM short from 1646.xx which gave super RR with next to no DD.
I was busy playing on the other PC with my son when it all happened and had to go out so i missed the return leg. No levels marked on charts, just the QM and butterfly in the harmonics chart. Easy money.
Attachment

Attachment


i'm such an idiot.... just looked at the downmove AND the upmove. they moved like that due to compression. Someone please correct me if i'm wrong here.

So that's 2 weeks homeworks rolled into one trade?
  • #1,824
  • Apr 9, 2012 3:53pm Apr 9, 2012 3:53pm
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no notes on charts but they seem self explanatory to me.... if i've understood correctly.
  • #1,825
  • Edited 11:32pm Apr 9, 2012 11:09pm | Edited 11:32pm
Hello to all! Please, see question on pic. Appreciate your comments.
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  • #1,826
  • Apr 10, 2012 12:20am Apr 10, 2012 12:20am
Quoting MozarTT
Hello to all! Please, see question on pic. Appreciate your comments.
Looking at the aussie, it looks like a nice QM developing at H1S, that looks like nice confirmation to me that we are in for lower prices.

Looking at the H1 chart, you see that this is clearly still in a downtrend, hence when approacing S there should be a high probability of S to hold.

Haven't looked at the Euro chart yet, but again go back to HTF and look for any clues.

Most of the times price tells you where it will go, the challenge is to recognize the signs and not getting caught up on smaller timeframes. I am guilty of this as I get too focused on a small portion of the chart without looking at the bigger picture. I am improving however it is a long process and does not happen overnight.
  • #1,827
  • Apr 10, 2012 2:08am Apr 10, 2012 2:08am
Quoting hometrading
Looking at the aussie, it looks like a nice QM developing at H1S, that looks like nice confirmation to me that we are in for lower prices.

Looking at the H1 chart, you see that this is clearly still in a downtrend, hence when approacing S there should be a high probability of S to hold.

Haven't looked at the Euro chart yet, but again go back to HTF and look for any clues.

Most of the times price tells you where it will go, the challenge is to recognize the signs and not getting caught up on smaller timeframes. I am guilty of this as I get...
I am watching that AU QM v keenly - on M30 tho. Just made the LL and price bouncing from m30 D zone now. Lets see.
  • #1,828
  • Apr 10, 2012 2:31am Apr 10, 2012 2:31am
Quoting beebolbod
I am watching that AU QM v keenly - on M30 tho. Just made the LL and price bouncing from m30 D zone now. Lets see.
was looking for the 1.0330 area revisited
  • #1,829
  • Apr 10, 2012 2:32am Apr 10, 2012 2:32am
Another CP
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  • #1,830
  • Apr 10, 2012 2:48am Apr 10, 2012 2:48am
Quoting hometrading
was looking for the 1.0330 area revisited
hehe... we're on the same page Thomas... i like it.... just wrote this in another thread where someone was asking about the 4h pinbar....
"I'm watching this for a retrace to around 1.03185 to 1.033."
  • #1,831
  • Apr 10, 2012 7:01am Apr 10, 2012 7:01am
Quoting hometrading
Looking at the aussie, it looks like a nice QM developing at H1S, that looks like nice confirmation to me that we are in for lower prices.

Looking at the H1 chart, you see that this is clearly still in a downtrend, hence when approacing S there should be a high probability of S to hold.

Haven't looked at the Euro chart yet, but again go back to HTF and look for any clues.

Most of the times price tells you where it will go, the challenge is to recognize the signs and not getting caught up on smaller timeframes. I am guilty of this as...
Thanks for explanation! I'm scalper so try to get moves on 5-15Tfs and as we have wide swings up and down i tried to catch them. But frequently don't understand current bias of swing as on chart so have losses. That's why i asked more advanced traders how to understand current bias of trend (swings) for scalping purpose.
  • #1,832
  • Apr 10, 2012 8:33am Apr 10, 2012 8:33am
Not in the right mindset for trading today, sick children at home. Time for more homework though

Interesting one as it combines CP + QM
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  • #1,833
  • Apr 10, 2012 4:04pm Apr 10, 2012 4:04pm
Quoting hometrading
Not in the right mindset for trading today, sick children at home. Time for more homework though

Interesting one as it combines CP + QM
v good ht.. i like that one.
  • #1,834
  • Apr 11, 2012 7:58am Apr 11, 2012 7:58am
compression in the making
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #1,835
  • Apr 11, 2012 3:06pm Apr 11, 2012 3:06pm
One for the homework.
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  • #1,836
  • Apr 11, 2012 3:52pm Apr 11, 2012 3:52pm
Some charts.Commets are welcome only to CP concept not some funny layout things.
Cheers.
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  • #1,837
  • Edited Apr 13, 2012 2:15am Apr 12, 2012 5:40am | Edited Apr 13, 2012 2:15am
No surprises here

Edit: M15 shows the 3rd CP on H1

Edit 2: Type on first chart, the R should be S (Support) and the S should be R (Resistance)
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  • #1,838
  • Apr 12, 2012 8:54pm Apr 12, 2012 8:54pm
CP in action.
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  • #1,839
  • Apr 13, 2012 1:45am Apr 13, 2012 1:45am
Quoting hometrading
No surprises here

Edit: M15 shows the 3rd CP on H1
Hi hometrading,
If I understand correctly, you have a typo at the first chart: R not S and vice versa.
Correct me if i am wrong.

http://www.babypips.com/school/support-and-resistance.html
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #1,840
  • Apr 13, 2012 2:14am Apr 13, 2012 2:14am
Quoting kruger
Hi hometrading,
If I understand correctly, you have a typo at the first chart: R not S and vice versa.
Correct me if i am wrong.
Yes sorry mate, you are absolutely right, the first one is support second one resistance
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