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  • #1,841
  • Edited 4:24am Apr 13, 2012 4:10am | Edited 4:24am
Took this before bed last night, cloned trendlines paid off:

already closed 2/3's
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  • #1,842
  • Apr 13, 2012 4:23am Apr 13, 2012 4:23am
Hey guys, not on the current topic of compression but I'm currently researching money flow and phasing, and I found this in reds thread:

"UJ can be either in Dollar Index or in Yen mode.
As Japan is the last market maker, the phase USDJPY is in has a deep impact on "commodity currencies" (most important of them all being CADJPY which is inverted to USDCAD in phases too: if UJ is in yen mode strengthening against the dollar, through CADJPY it will sink USDCAD even if DX per se isn't falling). " (sdvsa)

I was wondering if anyone knows what is meant by Japan being the 'last market maker' and why does the phase that usdjpy is in impact the commodity currencies so much?

Regards
  • #1,843
  • Apr 13, 2012 5:37am Apr 13, 2012 5:37am
What does this gap mean? normally they fill on the way down but not this one. Is it when there's really heavy selling? What would we expect to happen around it? I expect them at weekends but not during middle of session.
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  • #1,844
  • Apr 13, 2012 6:23am Apr 13, 2012 6:23am
Quoting beebolbod
What does this gap mean? normally they fill on the way down but not this one. Is it when there's really heavy selling? What would we expect to happen around it? I expect them at weekends but not during middle of session.
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I dont have that gap, it could just be that there was a small glitch in the broker data.
  • #1,845
  • Apr 13, 2012 6:47am Apr 13, 2012 6:47am
Quoting NaughtyPip
I dont have that gap, it could just be that there was a small glitch in the broker data.
thanks
  • #1,846
  • Apr 13, 2012 11:56am Apr 13, 2012 11:56am
Quoting NaughtyPip
Hey guys, not on the current topic of compression but I'm currently researching money flow and phasing, and I found this in reds thread:

"UJ can be either in Dollar Index or in Yen mode.
As Japan is the last market maker, the phase USDJPY is in has a deep impact on "commodity currencies" (most important of them all being CADJPY which is inverted to USDCAD in phases too: if UJ is in yen mode strengthening against the dollar, through CADJPY it will sink USDCAD even if DX per se isn't falling). " (sdvsa)

I was wondering if anyone knows...
Not sure if this helps you at all but I've saved almost every quote from Red in PIE so I found this:

"note - when BOJ weaken yen the other market makers weaken the dollar @ the exact same period - this is done to screw all retail in every direction
most traders think when uj rallies its dollar strength - thats not always the case - how to tell is looking at dx
if uj rallies and dx rallies then its dollar strength
if uj rallies and dx drops the makers have weakened yen and weakened dollar which is very confusing to retail
the right side of the trade - read price"
  • #1,847
  • Apr 14, 2012 2:12am Apr 14, 2012 2:12am
Quoting NaughtyPip
Took this before bed last night, cloned trendlines paid off:

already closed 2/3's
NaughtyPip you are onto something my friend. Take a look at this article. Very interesting stuff.

Also these sites may be helpful
www.medianline.com/articles
www.marketgeometry.com

Also search for "the best trendline methods of alan andrews"
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File Type: pdf It can all start with one simple line.pdf   952 KB | 801 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,848
  • Apr 14, 2012 12:07pm Apr 14, 2012 12:07pm
Quoting eaglestar
NaughtyPip you are onto something my friend. Take a look at this article. Very interesting stuff.

Also these sites may be helpful
www.medianline.com/articles
www.marketgeometry.com

Also search for "the best trendline methods of alan andrews"
Thanks for that! i' reading some of the document linked on the site, they look very interesting.
Sometime the horizon disappear. Twitter: @_whiteout
  • #1,849
  • Apr 14, 2012 12:31pm Apr 14, 2012 12:31pm
homework.
I am here to learn, so if my example are wrong, please tell me.

I'am still in the first trade [gbp-aud]; switch in the daily and you will see a nice cup whit handle in formation; despite the IPB [lokks more like a neutral bar]i think that the price can fall to 1.52- 1.52350 zone.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #1,850
  • Apr 14, 2012 1:29pm Apr 14, 2012 1:29pm
ON GBPUSD
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Sometime the horizon disappear. Twitter: @_whiteout
  • #1,851
  • Edited 3:58am Apr 15, 2012 3:46am | Edited 3:58am
Quoting NaughtyPip
Took this before bed last night, cloned trendlines paid off:

already closed 2/3's
I really like those.... are they just a visual thing or do they have a 'name' like so many other lines do? Nice work

edit:- just found Eagles links..... marvellous.
  • #1,852
  • Apr 15, 2012 5:11am Apr 15, 2012 5:11am
Quoting ppvp
Not sure if this helps you at all but I've saved almost every quote from Red in PIE so I found this:

"note - when BOJ weaken yen the other market makers weaken the dollar @ the exact same period - this is done to screw all retail in every direction
most traders think when uj rallies its dollar strength - thats not always the case - how to tell is looking at dx
if uj rallies and dx rallies then its dollar strength
if uj rallies and dx drops the makers have weakened yen and weakened dollar which is very confusing to retail
the right side of...
hey thanks ppvp, that helped
  • #1,853
  • Apr 15, 2012 5:12am Apr 15, 2012 5:12am
Quoting eaglestar
NaughtyPip you are onto something my friend. Take a look at this article. Very interesting stuff.

Also these sites may be helpful
www.medianline.com/articles (http://www.medianline.com/articles)
www.marketgeometry.com (http://www.marketgeometry.com)

Also search for "the best trendline methods of alan andrews"
hey thanks eaglestar, ive downloaded that book, will take a look. Cheers
  • #1,854
  • Apr 15, 2012 8:56pm Apr 15, 2012 8:56pm
Hi all,
Am very new to compresion concept. Pls help to verify if this example is indeed compression. Looks like one to me..
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  • #1,855
  • Apr 16, 2012 1:00am Apr 16, 2012 1:00am
Hey everyone, would like to ask a question about trade management.

What do you do with you don't get decent move after price hits the level? Maybe it would be going above and below your entry point for 10-20 bars without really going anywhere. Would you just close the trade with a small P/L or stick to your SL and TP and just wait and see what happens?

Because usually if a level is strong the intial reaction should be big according to my understanding, but I also think that sooner or later there will be a big move when we either run out of sellers or buyers.
  • #1,856
  • Apr 16, 2012 5:36am Apr 16, 2012 5:36am
Quoting Fx7877
Hi all,
Am very new to compresion concept. Pls help to verify if this example is indeed compression. Looks like one to me..
Looks good to me.... dropped hard. but i'm more a vote than a confirmation being a relative noob myself
  • #1,857
  • Apr 16, 2012 6:26am Apr 16, 2012 6:26am
I'm finding that combining these harmonic patterns, PA, S/D levels together can be really good. Every one i've found and marked up as a potential winner (not all i've taken) has worked so far. As a confluence aid i love em.
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  • #1,858
  • Apr 16, 2012 6:41am Apr 16, 2012 6:41am
Quoting SnailRoll
Hey everyone, would like to ask a question about trade management.

What do you do with you don't get decent move after price hits the level? Maybe it would be going above and below your entry point for 10-20 bars without really going anywhere. Would you just close the trade with a small P/L or stick to your SL and TP and just wait and see what happens?

Because usually if a level is strong the intial reaction should be big according to my understanding, but I also think that sooner or later there will be a big move when we either run out of...
Ideally i would wait to see the PA inside a level. Some levels (really good ones) can be entered on limit orders. Sometimes if one level is broken, another exists higher up so you can either close out and wait for next level or leave open and either add there or wait for price to turn. PIE has some great examples of this in the charts.
  • #1,859
  • Apr 17, 2012 12:33pm Apr 17, 2012 12:33pm
Hi, Julexo! I want to ask you how do you manage your stop loss? Recently i asked you this question and you said that you manage your SL manually, that you exit on higher or lower s/d zone, but on your charts i saw that you don't exit if price don't go in your direction but add position higher or lower. So could you explain how do you manage your SL and in what cases you will exit? It's very important question for me. Thanks
  • #1,860
  • Apr 17, 2012 12:51pm Apr 17, 2012 12:51pm
Quoting MozarTT
Hi, Julexo! I want to ask you how do you manage your stop loss? Recently i asked you this question and you said that you manage your SL manually, that you exit on higher or lower s/d zone, but on your charts i saw that you don't exit if price don't go in your direction but add position higher or lower. So could you explain how do you manage your SL and in what cases you will exit? It's very important question for me. Thanks
I adding positions if I C next demand or supply zone is not far away my entry zones...Need to calculate your R:R ratio...every pair I trading I risking differently...I dont have exactly sl zones... My sl zones includes by PA or PA pattern and PA construction...Last decision I making if I have losing trade by pairs index then you see wer you going and WER YOU WAS WRONG...On every trade you teaching your self...and making personal notes on book...
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