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Price is Everything Chat Room

  • #2,141
  • May 5, 2012 6:59am May 5, 2012 6:59am
Now, family time

I'll be back when I can
  • #2,142
  • May 5, 2012 7:17am May 5, 2012 7:17am
Quoting Ifmyante
Jonas, thank you so very much for being a 10+V who actually asks questions.

A big problem I've noticed is that many multivouched people refuse to let themselves ask really good and important questions, lest they appear not to have their act completely together.

I'd strongly urge anybody and everybody who has an unanswered question, to just put it out there to be discussed.

If you wonder about something, I'm pretty sure lots of others do too, and you'd be doing them a great service by airing the query.

Thanks again Jonas
Well i dont care about vouches, posts, uploaded images et cetera... I care about my performance and my skills and my knowledge to be able to finally beat the market and turning a fulltime trader in the future. I love trading the markets and i also love to see some logic and connections behind the charts.

Why I should stop asking when reaching 10+V ? bullshit....
Thats why i hang around in J16 and p.i.e thread, there are traders that earn consistently money trading forex and stocks etc. , and thats my goal

Also i try to help others if im able to do so , see the E-Book as an example... i'm made by ff.com , so i want to share my knowledge as well as others did before with me.

Regards,
Jonas
Hero calls followed by margin calls...
  • #2,143
  • May 5, 2012 8:24am May 5, 2012 8:24am
Quoting PhAnTi'
Well i dont care about vouches, posts, uploaded images et cetera... I care about my performance and my skills and my knowledge to be able to finally beat the market and turning a fulltime trader in the future. I love trading the markets and i also love to see some logic and connections behind the charts.

Why I should stop asking when reaching 10+V ? bullshit....
Thats why i hang around in J16 and p.i.e thread, there are traders that earn consistently money trading forex and stocks etc. , and thats my goal

Also i try to help others if...
It's for your efforts that you're in my sig m8. Learnt a lot from you over time. I love how we are all learning and helping one another.

On another note...
I was playing in vHands last night on m1. That's a very cool tool for learning this stuff, i highly recommend it to anyone wanting to watch LTF decision points being played out.
Check history, draw out your lines, watch price unfold, pat yourself on the back when you watch shit turn to the pip as predicted, pause and learn when you miss it.

here's the link (http://www.forexfactory.com/showthread.php?t=60849)
  • #2,144
  • May 5, 2012 11:10am May 5, 2012 11:10am
Mentioned this to Ify on Friday as it was a result of our thread discussions about m1 decision points. something of an epiphany for me, at least on this trade anyway. I'll no doubt be a little confused again by Monday but for now i post the reasoning behind my trade.

I hope this is helpful as it's as much for me as anyone but if any part of this chart is wrong or misguided in some way i'd appreciate it if someone could correct me. It's how I saw things, and i'm still rather green so....

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  • #2,145
  • May 5, 2012 11:22am May 5, 2012 11:22am
Quoting beebolbod
Mentioned this to Ify on Friday as it was a result of our thread discussions about m1 decision points. something of an epiphany for me, at least on this trade anyway. I'll no doubt be a little confused again by Monday but for now i post the reasoning behind my trade.

I hope this is helpful as it's as much for me as anyone but if any part of this chart is wrong or misguided in some way i'd appreciate it if someone could correct me. It's how I saw things, and i'm still rather green so....

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No corrections - great work
  • #2,146
  • May 5, 2012 11:33am May 5, 2012 11:33am
Posted this chart over in my journal.

When it comes to trading news releases I am not the guy to talk to. What I do like though is when the release sends price into a S/D zone and in this case cleaning out the buy orders on its way there.

To me....NFP is like a barroom brawl with traders slapping each other silly. The blue team and the red team. Or for you twilight fans, Team Long or Team Short. This goes until one side starts to overtake the other with the EU, it was Team Long. Until they run into a massive order supply, that's where I like to jump on board.

I know there are some who trade the release itself and do very well with it. They know quickly which side of the slapping to be on. I usually get spanked in there. So for me I sit and observe the spectacle. Then when the doors get blown off by the big boys, join the ride.

I might be mistaken and correct me if I am wrong.....But I think most of the big players, banks, funds, etc. have their orders set and stay away from the slapping around until price hits their orders. Then it's "A crashing blow from a huge right hand that sent a Mississippi fellow to the promise land" To quote Jimmy Dean.

Its the weekend and I am just full of humor. Gonna get some work done then it is going to be a Pina Colada and a cigar.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,147
  • May 5, 2012 11:41am May 5, 2012 11:41am
Big John Jimmy Dean

http://www.youtube.com/watch?v=myQ1UvJiv78

For those who must know my reference to it concerning S/D
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,148
  • May 5, 2012 5:13pm May 5, 2012 5:13pm
Quoting beebolbod
Mentioned this to Ify on Friday as it was a result of our thread discussions about m1 decision points. something of an epiphany for me, at least on this trade anyway. I'll no doubt be a little confused again by Monday but for now i post the reasoning behind my trade.

I hope this is helpful as it's as much for me as anyone but if any part of this chart is wrong or misguided in some way i'd appreciate it if someone could correct me. It's how I saw things, and i'm still rather green so....

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Looks like really nice analysis man.
  • #2,149
  • May 6, 2012 5:45am May 6, 2012 5:45am
Quoting beebolbod
Mentioned this to Ify on Friday as it was a result of our thread discussions about m1 decision points. something of an epiphany for me, at least on this trade anyway. I'll no doubt be a little confused again by Monday but for now i post the reasoning behind my trade.

I hope this is helpful as it's as much for me as anyone but if any part of this chart is wrong or misguided in some way i'd appreciate it if someone could correct me. It's how I saw things, and i'm still rather green so....

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Just been looking over the history of this. I'm really looking forward to next week as i want to see if this so called epiphany of mine is real or not. I swing from feeling like i totally get it to being a bit lost again.
I'm going to check that UCAD trade of Ify's out now. I think that has something special in it for me (well everyone of course).

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  • #2,150
  • May 6, 2012 7:24pm May 6, 2012 7:24pm
A fresh example of a failed H4 Supply, and the way to spot that it could easily fail
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  • #2,151
  • May 6, 2012 9:44pm May 6, 2012 9:44pm
Any one care to tell me if I'm on the right track?

Best , Poncho
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" I can read the left side of the chart, the right side's a Bitch!
  • #2,152
  • May 7, 2012 1:35am May 7, 2012 1:35am
Hi folks,
I need a good eye to help to verify which of these zones are valid/good to watch with GU on the way down? I have mark out some zones looking good from H4 first then down to H1 which I then realise they may not look too good. And if they are no good, pls tell me if the reason I stated is correct? Thanks all!
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  • #2,153
  • Edited 2:19am May 7, 2012 2:16am | Edited 2:19am
With euro correcting south, i looked to daily chart of EJ for demand zones for potential bounce and marked out area in blue. As you can see from H4 (sorry know its not v clear), it bounced off right abt the blue area. Taking a close look at H1, i want to ask:

-when we consider the base/ cluster, do we include zone A & zone B? Or just the blue area is our demand zone?

-for someone trading slightly HTF, say H1 (instead of M5 or M1), the demand zone is definitely wider than that of LTF. So in thise case, do we look to buy at the top end of the zone if there is appropriate PA or wait till it travels to the lower end of the zone and wait for PA? I know some will advise to zoom in to LTF to pinpoint narrower zone, but as can see from the chart, there are a few mini RBR or RBD already within this broad zone. So my question is which one? Esp for those traders who just place PO....

See M1 chart and questions on it. Sorry for kinda spamming with questions, some of the more experienced traders may see these charts clear as daylight, but thru a newbie lens, things are not so clear...
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  • #2,154
  • Edited 4:14am May 7, 2012 2:48am | Edited 4:14am
Quoting Fx7877
Hi folks,
I need a good eye to help to verify which of these zones are valid/good to watch with GU on the way down? I have mark out some zones looking good from H4 first then down to H1 which I then realise they may not look too good. And if they are no good, pls tell me if the reason I stated is correct? Thanks all!
my view is that we need to judge these areas with the guidelines IF gave us.

History, Arrival, Reaction.
the zones themselves may be part of the history but you need to analyse the price structure before them and after them too, within the zones you need to dig to LTF to find where a critical decision was made.
then you need to judge the PA of the price approaching your zone, and after the reaction you need to keep analysing the price movement to see if you must hold the trade, move your stop or bail out. because price as it develops leaves clues for what will do next.
IF has given us 3 homeworks (you can find them on the first page of this thread), use them to analyse price.

i hope the above makes (even a little) sense.
  • #2,155
  • May 7, 2012 3:39am May 7, 2012 3:39am
Hey all..
After reading one of If's comments about price "making a decision" i did some chart looking and came up with some hints that might help others to identify areas to look out for if you dont already do ( i previously didnt make the connection).. When price wants to break a trendline or support/resistance someone big has to give it the motion to push through..
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So example 1 looks at a trendline on the 1hr that got broken.. From the 1 hour, drop to the 5 min chart and find the point before the trendline breaks where we get a nice demand form.. see results of price returning to this area on 5 min with demand area drawn..
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Example two same thing but with support this time. Price breaks through, so drop to 5 min to find the supply where price jumped from and see results later. Probably common knowledge for alot but since i didnt make the proper connection i thought id make sure others know good areas to look at instead of just looking at demand/supply in the middle areas which i find can be hard to pick the right ones sometimes.
josh
nollej is power..
  • #2,156
  • May 7, 2012 4:44am May 7, 2012 4:44am
Quoting asos101
my view is that we need to judge these areas with the guidelines IF gave us.

History, Arrival, Reaction.
the zones themselves may be part of the history but you need to analyse the price structure before them and after them too, within the zones you need to dig to LTF to find where a critical decision was made.
then you need to judge the PA of the price approaching your zone, and after the reaction you need to keep analysing the price movement to see if you must hold the trade, move your stop or bail out. because price as it develops leaves clues...
Hi Asos,
I'm aware of the checklist that IF has laid out. In this example, am marking the zones out in anticipation if price comes back down, hence arrival and reaction is another part of the equation which will come in later. In this case, am asking abt History of the zone and have indicated some reasons why i think the zones are good or no, but am not sure. Need seasoned pair of eyes to help out.
  • #2,157
  • May 7, 2012 7:35am May 7, 2012 7:35am
Quoting MCFly
1. Wouldn't the zone now be uninteresting when i follow your rules?

2. My question is now how far does it matter when price penetrates a zone deeply. I think the rule is: The probabily that price respects a zone again decreases with the depth of the last penetration.
But why shouldn't be enough orders left for another deep test and nice reaction?
Hi Stefan

1.The zone was far from uninteresting when you looked at it in H4 and M1

2. I think I'll use the same answer as for Q 1

Dissect your zones and your PA. Look at them through a telescope and a microscope. Then you'll find amazing opportunities you might otherwise have missed
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  • #2,158
  • May 7, 2012 10:04am May 7, 2012 10:04am
A little on decisions and trade expectancy
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  • #2,159
  • May 7, 2012 10:26am May 7, 2012 10:26am
Quoting Ifmyante
A little on decisions and trade expectancy
Watchingh the same for a little scalp on the short side.
No gain, no loss.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #2,160
  • May 7, 2012 11:14am May 7, 2012 11:14am
Quoting whiteout
Watchingh the same for a little scalp on the short side.
No gain, no loss.
You did right with that trade

there really was nothing certain until the break of your pink line

Nice work!
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