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Price is Everything Chat Room

  • #2,021
  • May 1, 2012 7:37am May 1, 2012 7:37am
Quoting kruger
Hi all,
many thanks for great posts from everybody.
Something from me: Pos QM on AU
same on the dollar http://screencast.com/t/eXsi2F3Loa5
  • #2,022
  • May 1, 2012 7:54am May 1, 2012 7:54am
Closing eu long here. Must go out
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  • #2,023
  • May 1, 2012 8:27am May 1, 2012 8:27am
Quoting hometrading
Time for homework
Looking the first setup in more detail
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  • #2,024
  • May 1, 2012 8:57am May 1, 2012 8:57am
i gotta go out... no trading today. Just homework. Will spend a couple days on this.
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  • #2,025
  • May 1, 2012 10:07am May 1, 2012 10:07am
Quoting Ifmyante
Great bit of homework there HT


I hope everybody else has been doing the last couple of assignments diligently too, because the next assignment will depend completely upon them.
And the next assignment should dramatically improve everybody's trading, and change the way they read the market forever.

Best

If
This bit of analysis has been awesome. I wish I would have found theses resources when they first were available, but I had to make my rounds at BP and then try out all the indicators and now after 4 mths have come to the conclusion I am wasting my sweet time on that garbage.

Anytime you see an indi give a hint at price turning you could have actually found that hint in price. Anyways I am being diligent, and I can't believe the support offered here... you know something is good ie PIE when you have at least 3-4 off shoot threads all making high page and comment counts.

And this is exactly what I needed; HW! constructive practice for the purpose of application.

Kind of guilty of jumping around a bit, but always felt off on the indicator methods and was always searching for the why's of price and why was it moving and why would this be good stop or target placement. At least this is trying to offer answers that can be derived from the charts.
  • #2,026
  • May 1, 2012 11:01am May 1, 2012 11:01am
Quoting fxfury
This bit of analysis has been awesome. I wish I would have found theses resources when they first were available, but I had to make my rounds at BP and then try out all the indicators and now after 4 mths have come to the conclusion I am wasting my sweet time on that garbage.

Anytime you see an indi give a hint at price turning you could have actually found that hint in price. Anyways I am being diligent, and I can't believe the support offered here... you know something is good ie PIE when you have at least 3-4 off shoot threads all making high...
Welcome Fury

I'm glad you've found us, the best kept secret in FF.

Get yourself caught up - we'll be moving along to the next step at the weekend, unless the guys and gals here start without me!
  • #2,027
  • May 1, 2012 4:11pm May 1, 2012 4:11pm
Quoting Rsherl01
Great work guys. Forum is really informative.

Personally im finding it hard to identify the PA at S/D levels. I have no problem finding the areas but my problem is identifying/waiting for the price action to confirm.
At present i am leaving orders at these areas and normally my stop loss is being hit by maybe 2-3 pips. I think i maybe too eager to get into a trade that i end up trying to get in at the best possible price before it turns.

I find that when i wait for PA I get a chance to take maybe 7-10 pips off the board but then price comes...
Have a look at the thread I started which describes how I enter on S/R
http://www.forexfactory.com/showthread.php?t=357246
Should help you out
  • #2,028
  • May 1, 2012 4:57pm May 1, 2012 4:57pm
Quoting beebolbod
i gotta go out... no trading today. Just homework. Will spend a couple days on this.Attachment
Hi B,
You may well aware of this and I don't mean to insult by any means. Just trying to help. I believe "If" would agree and I know this is just homework, but always be mindful of higher TF. Notice, on the lows, we were coming into there was an old gap where alot of unfilled demand awaits and the reaction higher that occurs...here is a couple of charts to clarify...for me these are no brainer trades with often low risk. Do they always work-no, but from my studies they have a high strike rate....Sam S. discusses this in one of his vids...if you can find it...gaps.
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  • #2,029
  • May 1, 2012 5:20pm May 1, 2012 5:20pm
Quoting Atc
Hi B,
You may well aware of this and I don't mean to insult by any means. Just trying to help. I believe "If" would agree and I know this is just homework, but always be mindful of higher TF. Notice, on the lows, we were coming into there was an old gap where alot of unfilled demand awaits and the reaction higher that occurs...here is a couple of charts to clarify...for me these are no brainer trades with often low risk. Do they always work-no, but from my studies they have a high strike rate....Sam S. discusses this in one of his vids...if...
Thanks m8 . I only really start on high TF when trading. lower TF stuff is very much new territory for me and i wasn't really looking on anything above what i posted. i'm going over this homework a lot. not 100% in my comfort zone yet. Very glad i get to practice that.
  • #2,030
  • May 1, 2012 5:37pm May 1, 2012 5:37pm
Quoting Atc
Hi B,
You may well aware of this and I don't mean to insult by any means. Just trying to help. I believe "If" would agree and I know this is just homework, but always be mindful of higher TF. Notice, on the lows, we were coming into there was an old gap where alot of unfilled demand awaits and the reaction higher that occurs...here is a couple of charts to clarify...for me these are no brainer trades with often low risk. Do they always work-no, but from my studies they have a high strike rate....Sam S. discusses this in one of his vids...if...
Personally, since I don't see the PA within a gap, I'll look into the PA before and after the gap to imagine what the PA in the gap may be

In this case, due to the cp down beforehand, I'd imagine this could've been a couple of WRBs rising from S, and I couldn't see the gap closing without the S it ignored being loaded with tgs and longs, rejecting the first attempt at it.

This was very evident with the way price approached the zone on return
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  • #2,031
  • May 1, 2012 7:28pm May 1, 2012 7:28pm
I think you may be taking about to different kind of gaps. It looks like Atc is taking about a gap from price being away from a level for so long and IF is talking about a gap on the chart from the price feed being disconnected over the weekend.
  • #2,032
  • May 1, 2012 10:55pm May 1, 2012 10:55pm
Quoting Ifmyante
That's a good set of questions

Can you get a good idea of what was going on by the LTFs?

All are welcome to join in and explain what happened here
Hi If,
Thanks for taking time to help. Blurry eyes due to lack of sleep past couple days as child is sick. Not sure if I read u right, are you trying to show me that price did respect the zone in LTF with a bit of a bounce (as opposed to very bearish WRB cutting thru it on H4)?

I guess I need a bit of help here if I;m not reading the chart right ATM, not in gd form.

I will probably stop trading next few days to stay focus on your homework

Edit:
IF, is it always necessary to drill down to M1 to look for more clues? Cos am not really a LTF person....but if its a necessity, then i better start learning
  • #2,033
  • May 2, 2012 3:08am May 2, 2012 3:08am
Nice example of reactions to ignored zones
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,034
  • May 2, 2012 3:12am May 2, 2012 3:12am
another, also target for QM (from post #2020 (http://www.forexfactory.com/showthread.php?p=5625569#post5625569))
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,035
  • May 2, 2012 4:14am May 2, 2012 4:14am
[quote=@mel;5618651]
Quoting Ifmyante
OK. More homework.

Hi If,

Thanks for posting this homework again!
I have an example that I would like to share, I have observed something that repeat itself over and over again...

On the first chart I have marked a RBR . When price left the base it went up, when price revisited the marked zone we saw no reaction here.

So my answer to why this particular setup did not worked is because ,the market zone is not one of the best , I mean structure wise it spent too much time there (too many candles) and price traded...
Hi Mel

to understand exactly what went on in this scenario, or indeed to read any situation at all on the charts, past present or future,you should look for a certain set of clues.

I was going to wait 'til the weekend to disclose these clues.
I have no time right now to explain them fully with chart examples, but I might as well write them so they are in the collective mind before the full explanation comes.

It should be one of my final lessons on FF.

So here's what we look for on the charts:

General: HTF. Know where price is coming from and going to, and the PA past and present in all the TFs, from the Monthly down.

Specific: At the zones you want to trade, look to

Past. study the zone in all TFs, down to M1
ask yourself
Where were the decisions made? Clean S/D? Mark these lines. No clean S/D? - compressed zone
Did price really shoot away form the zone, or did it cp away?
Did the zone itself react at the right place? Look beyond the zone further into the past. See what it reacted to. Was there a better S/D nearby that price wants to visit? This explains many fakeouts.

Present.
Approach.
How is price returning to the zone?
Where's the nearest flag in the TF you want to trade? This is your tg1 in this TF. Flags in the LTFs? What does PA tell you?
Has price tested the last flag on approach? (good sign)
Has price compressed into the zone in this TF or LTFs? (good sign)
Is there big news on the way? Has there just been big news?

Reaction
In LTF, does price react violently to the first decision point? Does it quickly engulf the nearest S/D? (good sign)
Does price simply CP away? Maybe it wants to go to the next decision point
If the first decision point breaks, watch the signs on approach to the next, and, of course, reaction.



Chew this over for now. Apply it to your chart history. Apply it to as many failed setups as successful ones. Millions of them if possible! Capture and file them all. This will help make it instinctive
  • #2,036
  • May 2, 2012 4:36am May 2, 2012 4:36am
Quoting Ifmyante
I was going to wait 'til the weekend to disclose these clues...
Another diamond to collection
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,037
  • May 2, 2012 5:07am May 2, 2012 5:07am
[quote=Ifmyante;5629245]
Quoting @mel

Hi Mel

to understand exactly what went on in this scenario, or indeed to read any situation at all on the charts, past present or future,you should look for a certain set of clues.

I was going to wait 'til the weekend to disclose these clues.
I have no time right now to explain them fully with chart examples, but I might as well write them so they are in the collective mind before the full explanation comes.

It should be one of my final lessons on FF.

So here's what we look for on the charts:

General:...


Hi If,

Thank you so very much for this post! This is incredible! I am surely going to apply that to my charts and learn from it8

God bless you and your family!
@mel
  • #2,038
  • May 2, 2012 5:51am May 2, 2012 5:51am
[quote=Ifmyante;5629245]
Quoting @mel

Hi Mel

to understand exactly what went on in this scenario, or indeed to read any situation at all on the charts, past present or future,you should look for a certain set of clues.

I was going to wait 'til the weekend to disclose these clues.
I have no time right now to explain them fully with chart examples, but I might as well write them so they are in the collective mind before the full explanation comes.

It should be one of my final lessons on FF.

So here's what we look for on the charts:

General: HTF. Know...
If, you're a rock star! Thanks so much for your teaching!
Luck occurs when preparation meets with opportunity.
  • #2,039
  • May 2, 2012 6:40am May 2, 2012 6:40am
Have no time to upload charts but my buy zones on the
EUR/USD are 1.3100-1.3115 and GBP/USD are 1.6150 - 1.6163.

These are dating back from supply in the Dollar Index from 24th April around NY Open.

Anyone got any idea of TP. These are pretty big demand zones IMO. But the overall trend looks to be changing back bearish?
  • #2,040
  • May 2, 2012 8:27am May 2, 2012 8:27am
Hey guys,

I've been pondering over a chart that miky posted sometime ago... Nearly every turn in the market can be explained by a consumed bull/bear flag or a previous bounce from s/d, ppz's, but there comes a time when price seems to make a decision to move heavily, for no technical reason. This to me is what I would think of as a new decision being made about price by an institution, a fresh s/d zone.

The problem I'm having is spotting these fresh zones. In mikey's chart the first area he has labeled as 'real S/D' looks like a revisit of the bottom of the previous consumed bear flag which I wouldn't class as fresh Supply. The second area price looks like it made a decision for no reason, therefore a fresh supply zone, except, the move was not that heavy and quite subtle, so for me I would not warrant this as a fresh zone...

I don't doubt for a second Miky's reasoning and logic behind this, what I do doubt is my own understanding so I am hoping someone could maybe shed a little light on this.

Cheers
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