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  • #1,861
  • Apr 18, 2012 4:30am Apr 18, 2012 4:30am
Hey guys looking for some comments on this trade, I was aiming for the supply where the moving average is, since I thought that the drop base drop where price turned would not hold.

Ended up getting stopped out +1.5 +4 +4.3 since I moved SL when price reach the DBD area.

Brown = M5 supply & demand
Purple = M15
Teal = M30
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  • #1,862
  • Apr 18, 2012 5:13am Apr 18, 2012 5:13am
Quoting SnailRoll
Hey guys looking for some comments on this trade, I was aiming for the supply where the moving average is, since I thought that the drop base drop where price turned would not hold.

Ended up getting stopped out +1.5 +4 +4.3 since I moved SL when price reach the DBD area.

Brown = M5 supply & demand
Purple = M15
Teal = M30
sorry man, i cant see whats going on here at all. maybe use solid boxes? just a thought.
  • #1,863
  • Apr 18, 2012 6:21am Apr 18, 2012 6:21am
Hi guys,

Just wondering if there is any indicator out there that shows you stong moves from a certain area. Would save a lot of time wading through charts??
  • #1,864
  • Apr 18, 2012 6:48am Apr 18, 2012 6:48am
Quoting Rsherl01
Hi guys,

Just wondering if there is any indicator out there that shows you stong moves from a certain area. Would save a lot of time wading through charts??
The best indicator for this are your eyes.

An easy way is to look at the range of your candles/bars. With a little bit of practice you should be able to quickly identify strong moves up in the market.
  • #1,865
  • Apr 18, 2012 6:34pm Apr 18, 2012 6:34pm
Back to homework.
I am here to learn. So please correct me when I am wrong; that's will be help me and the people that are reading. Thank you.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #1,866
  • Edited 7:27pm Apr 18, 2012 7:21pm | Edited 7:27pm
Quoting whiteout
Back to homework.
I am here to learn. So please correct me when I am wrong; that's will be help me and the people that are reading. Thank you.
My take would appreciate feedback from a senior member

Also check out this earlier post: http://www.forexfactory.com/showthread.php?p=5422747#post5422747
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  • #1,867
  • Apr 18, 2012 9:33pm Apr 18, 2012 9:33pm
Can any senior members throw some light on why this nice supply zone on CADJPY H1 tf failed? Thks!
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  • #1,868
  • Apr 18, 2012 9:54pm Apr 18, 2012 9:54pm
hey
im no senior but have a check to the left and you will see that the area is a demand turned supply area.. so not exactly a fresh supply level as such,but you gotta remember not all of them will work..
josh
Quoting Fx7877
Can any senior members throw some light on why this nice supply zone on CADJPY H1 tf failed? Thks!
nollej is power..
  • #1,869
  • Apr 18, 2012 10:11pm Apr 18, 2012 10:11pm
Quoting nollej
hey
im no senior but have a check to the left and you will see that the area is a demand turned supply area.. so not exactly a fresh supply level as such,but you gotta remember not all of them will work..
josh

Thanks nollej. So how do we have a higher probability of the zone working? Cos i see many trades taken by others (perhaps more experienced traders) at zones not necessarily fresh and it worked well.
  • #1,870
  • Apr 18, 2012 10:24pm Apr 18, 2012 10:24pm
Quoting Fx7877
Can any senior members throw some light on why this nice supply zone on CADJPY H1 tf failed? Thks!
Some thoughts here, keep in mind I am not a senior member (yet)
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  • #1,871
  • Apr 19, 2012 3:05am Apr 19, 2012 3:05am
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  • #1,872
  • Apr 19, 2012 4:12am Apr 19, 2012 4:12am
Missed the touch of supply earlier, scalped touch of demand for tiny +10 pip.
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  • #1,873
  • Apr 19, 2012 4:44am Apr 19, 2012 4:44am
Possible compression into D1 S
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #1,874
  • Apr 19, 2012 5:26am Apr 19, 2012 5:26am
Quoting kruger
Possible compression into D1 S
acted earlier than I thought
Let's wait for reaction at source of the rally
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #1,875
  • Apr 19, 2012 5:48am Apr 19, 2012 5:48am
Quoting Fx7877
Can any senior members throw some light on why this nice supply zone on CADJPY H1 tf failed? Thks!
I am not a senior but here is my view:
edit: at first chart at point 3 we have also very strong bullish rally breaking high at 2.
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #1,876
  • Apr 19, 2012 8:43pm Apr 19, 2012 8:43pm
Quoting kruger
I am not a senior but here is my view:
edit: at first chart at point 3 we have also very strong bullish rally breaking high at 2.
Thanks kruger. I'd just like to clarify what u mean by the H1 supply zone is inside D1 zone and H4 zone? What is the impact of it being inside HTF zones? Sorry if these questions are silly, still a noob here

Quoting hometrading
Some thoughts here, keep in mind I am not a senior member (yet)
Thanks too to hometrading. All your sharing is adding new perspectives for me.
  • #1,877
  • Apr 20, 2012 1:34am Apr 20, 2012 1:34am
Hey guys,

Would like to ask a question about this pattern highlighted in the image below.

When there are so many long wicks would you see this as heavy consumption of the supply level? This chart is from M5 and the M15 level have been tested 3-4 times before. Is it a good idea to not go short here?
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  • #1,878
  • Apr 20, 2012 2:03am Apr 20, 2012 2:03am
Quoting SnailRoll
Hey guys,

Would like to ask a question about this pattern highlighted in the image below.

When there are so many long wicks would you see this as heavy consumption of the supply level? This chart is from M5 and the M15 level have been tested 3-4 times before. Is it a good idea to not go short here?
Bummer was out for a walk would have sold otherwise.

I believe it depends where this happens, in this case it looks like rejection of higher prices and a greater likelyhood of lower price. Once this breaks to the upside though expect it to act as support as (yes we would have run out of supply)
  • #1,879
  • Apr 20, 2012 2:55am Apr 20, 2012 2:55am
Quoting Fx7877
I'd just like to clarify what u mean by the H1 supply zone is inside D1 zone and H4 zone? What is the impact of it being inside HTF zones?
Every HTF S/D zone contains LTF zone which can be used to fine tune your entry with smaller stop loss (if price gets deeper into HTF zone without reaction at the beginning of the zone). Everything depends on the quality of the zone.
But in your example price reacted at beginning of D1 zone and next at H4 zone. Each reaction consumed some supply and zone became weaker.
In other words if there was no reaction at touch of the zone we can zoom in to search better place to pull the trigger.
This is best illustrated by Ifmyante charts - he is an expert in finding move origins

I hope that my English is understandable...
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #1,880
  • Edited 4:40am Apr 20, 2012 3:06am | Edited 4:40am
Quoting hometrading
Bummer was out for a walk would have sold otherwise.

I believe it depends where this happens, in this case it looks like rejection of higher prices and a greater likelyhood of lower price. Once this breaks to the upside though expect it to act as support as (yes we would have run out of supply)
Looks like since all the wick took out most of the supply, it just broke and went right past the level without even slowing down.

I sold as price went into my M15 M30 and H1 level instead of waiting for confirmation since there are levels on top of levels and I will scale in if it goes higher into the levels.

EDIT: Closed this with like 2 pips because I was thinking how the previous broken level could become strong demand stopping price from falling easily.

EDIT2: Looks like it dropped 20 pips pretty easily, but I am still happy that when I feel like something is wrong I am able to close a trade instead of hopping for the best, even if it means I miss out this time.

EDIT3: Also is this a QM pattern?
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