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Price is Everything Chat Room

  • #2,181
  • May 8, 2012 8:15am May 8, 2012 8:15am
And then whilst testing found this...
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might play it back down if it's on.
  • #2,182
  • May 8, 2012 8:31am May 8, 2012 8:31am
Quoting kruger
Hi If and all,
I have a question about compression on the last m1 chart. In the marked compression there is still at least one fresh demand level. Is this compression from m5? Can HTF compression contain LTF fresh levels?

Yes. IMHO

But each trader will play them differently. I give more improtance (Usually) to the higher time frame zones.

Also the lower time frame zones inside the higher will at times make some of the ranging conditions.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,183
  • May 8, 2012 8:40am May 8, 2012 8:40am
Quoting Rufus
Yes. IMHO

But each trader will play them differently. I give more improtance (Usually) to the higher time frame zones.

Also the lower time frame zones inside the higher will at times make some of the ranging conditions.
So the approach that HTF is more important than LTF is valid also in CP.
OK, thanks Rufus.
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,184
  • May 8, 2012 9:09am May 8, 2012 9:09am
Quoting beebolbod
And then whilst testing found this...
Attachment

might play it back down if it's on.
closed most and stopped out on rest at BE.
  • #2,185
  • May 8, 2012 12:45pm May 8, 2012 12:45pm
Been having a tough time with starting the RBD/DBR homework because I swear there are 10-20 instances a day on a 1m chart and I have trouble understanding which should be the most meaningful.

I decided to start at weekly and then move my way down because HTF momo poles can be identified and then decision points can be zoomed in on.

Also having a hell of a time with flags. They relate to DBR/RBD in momentum is stopped then started again, but I see a bunch of tiny ones that could be larger and then I stall and again have to wonder what makes an important one.

Well In my weekly view I see a poleflag, and it looks like compression in the flag. Just trying to identify the latest flag to trade and it appears we are on the lower portion of the weekly flag.
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  • #2,186
  • May 8, 2012 4:02pm May 8, 2012 4:02pm
Quoting whiteout
chart, hope it help.
remember that this is an m1 chart, so "decision point" and S and D zones are referred to the m1 charts.
If you have other doubts, don't worry, ask.
Thanks whiteout,
My mistake, I thought the text was pointing to the area before where price broke that level.
Thanks again.
" I can read the left side of the chart, the right side's a Bitch!
  • #2,187
  • May 8, 2012 4:39pm May 8, 2012 4:39pm
Quoting beebolbod
closed most and stopped out on rest at BE.
and it was... took a rough ride on EU today but cracked the fekker in the end. A happy day

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  • #2,188
  • May 8, 2012 4:56pm May 8, 2012 4:56pm
Quoting Ifmyante
Here's a trade that's going ok
mahhhhhh how to deform chart ? i do have a widescreen .... why im not able to display charts as you do ?

I dont get it -.-

regards..Jonas


my uc m5 :

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if you do have an answer plz send me a pm that im gonna notice the reply

thanks in advance !
Hero calls followed by margin calls...
  • #2,189
  • May 8, 2012 5:51pm May 8, 2012 5:51pm
Quoting PhAnTi'
mahhhhhh how to deform chart ? i do have a widescreen .... why im not able to display charts as you do ?

I dont get it -.-

regards..Jonas


my uc m5 :

Attachment

if you do have an answer plz send me a pm that im gonna notice the reply

thanks in advance !
hey Jonas,

5 digit broker.
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  • #2,190
  • May 8, 2012 8:41pm May 8, 2012 8:41pm
Quoting beebolbod
and it was... took a rough ride on EU today but cracked the fekker in the end. A happy day

Attachment
Hey Bee,
Congrats on the winner I dissected your trade to M1, see chart. Now am going to be a pain in the a** with these questions:

a) Did you enter this based on CPLQ? If yes, then why don't you view the very bullish WRB as yet another bullish pole (continuation from the R). This question is similar to what I posed IF which he is waiting for one of us to reveal

b) Was this a touch trade when hit zone or you looked at PA? If it was TT, since you indicated another zone just right above, why not wait for it to reach higher zone before selling?

c) Where did you place your SL? In situations where we have a zone right on top of another, do we place SL at the higher zone (for sell trades)?

IF, if you could give any comments wld be great!
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  • #2,191
  • May 8, 2012 9:57pm May 8, 2012 9:57pm
Hey all.

On If's profile he refers to himself as a full time ENTP. I am assuming this is a personality profile type. The "Visionary". I am an INTJ the "Scientist"

It may help some traders to take a personality test. This may show areas to be careful with and areas of strength. For me as an INTJ, have a tendency to hyper focus on an item or situation, this can be good if I am focused on the right thing. Bad if not. The majority of my trading errors are due to this.

If as a "Visionary" shows to me why he is so adept at giving "homework" and then seeing it through for everyone. An INTJ usually will not bother with this.

So if you take the test, it may give you another piece of the trading puzzle. Who knows it may help- you understand what time frame will work for you. It answered questions for me.

Here is one. Most are free

http://www.humanmetrics.com/cgi-win/jtypes2.asp
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,192
  • May 8, 2012 10:16pm May 8, 2012 10:16pm
Quoting fxfury
...
Well In my weekly view I see a poleflag, and it looks like compression in the flag. Just trying to identify the latest flag to trade and it appears we are on the lower portion of the weekly flag.
My suggestion also look what is around the flag to give you a better feeling what price might do. I have shown some examples of price movement in the chart attached.

Hope it passes the If test
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  • #2,193
  • May 8, 2012 11:46pm May 8, 2012 11:46pm
Quoting Rufus
Hey all.

On If's profile he refers to himself as a full time ENTP. I am assuming this is a personality profile type. The "Visionary". I am an INTJ the "Scientist"

It may help some traders to take a personality test. This may show areas to be careful with and areas of strength. For me as an INTJ, have a tendency to hyper focus on an item or situation, this can be good if I am focused on the right thing. Bad if not. The majority of my trading errors are due to this.

If as a "Visionary" shows to me why he is so adept at giving "homework"...
Always been interested in psychology, and I have always tested as an ENTP
  • #2,194
  • May 8, 2012 11:48pm May 8, 2012 11:48pm
Quoting hometrading
My suggestion also look what is around the flag to give you a better feeling what price might do. I have shown some examples of price movement in the chart attached.

Hope it passes the If test
Appreciate the reply, thought maybe I was being given silent treatment for rookie hazing lol.
  • #2,195
  • May 8, 2012 11:55pm May 8, 2012 11:55pm
I think one of the things making me a little confused is fresh zones. IF is really good at making touch trades, where I see most are watching price and waiting for things like an engulfing conformation.

I will not take anything away from IF, but he claims he is not a genius so I am trying to identify the places where I can look to place touch trades, and I think one of the problems I am having is not understanding zones correctly.

IF bring us more hw... haha
  • #2,196
  • May 9, 2012 12:28am May 9, 2012 12:28am
Some questions.
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  • #2,197
  • May 9, 2012 1:11am May 9, 2012 1:11am
Quoting fxfury
Appreciate the reply, thought maybe I was being given silent treatment for rookie hazing lol.
fxfury, u are not alone here

Any seniors here to comment on my questions in these following posts? Thanks!

http://www.forexfactory.com/showthread.php?p=5643247#post5643247

http://www.forexfactory.com/showthread.php?p=5643347#post5643347
  • #2,198
  • Edited 2:29am May 9, 2012 2:22am | Edited 2:29am
Quoting Rufus
On If's profile he refers to himself as a full time ENTP. I am assuming this is a personality profile type. The "Visionary". I am an INTJ the "Scientist"
Just filled it in quickly. Makes sense
I like the way you use the outcome of this test to get a grip on your errors.

Gives me something to think about next weekend

Your Type is
INTP
Introverted Intuitive Thinking Perceiving Strength of the preferences %
100 38 62 11
  • #2,199
  • May 9, 2012 2:32am May 9, 2012 2:32am
Did a demo trade on Gold. Quick trade on M1, so didn't do too much analysis, only knew on daily TF, gold sliding. GRRR, left ALOT on the table as i was stopped out after moved trade to BE after partial. Pls critic if I have moved my stop too early? Initial stop was just above top of blue zone.

Just to add: I find that find S/D zone near S/R is very effective, works better than just S/D alone.
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  • #2,200
  • May 9, 2012 2:38am May 9, 2012 2:38am
Quoting Fx7877
fxfury, u are not alone here

Any seniors here to comment on my questions in these following posts? Thanks!

http://www.forexfactory.com/showthread.php?p=5643247#post5643247

http://www.forexfactory.com/showthread.php?p=5643347#post5643347
I'm no senior but I'll share my thoughts on those zones on the first link anyhow. See if they come in use.

Zone 1 is valid in my view. It's a RBR that broke 1.6 resistance and engulfed the supply zone above it. That ignored/engulfed supply has established itself as a swap zone now.

Zone 2 IMO is a bit higher. 1.60775 was a tough SR to break (got history to it). There was a base (decision period) prior to the break. This is the base where the buyers exceeded the sellers.

Zone 3 is not a zone IMO.. of course it could be.. but in my view I would not have marked it as demand. The reason being is because both of those pivot lows are reactions to the 1.60775.

Here is a chart of the levels I have been on about.

Hope this helps.

Quoting Fx7877
Just to add: I find that find S/D zone near S/R is very effective, works better than just S/D alone.
There is a very logical reason for why SD zones are near SRs. Think in terms of decisions. Everything on the chart is connected.
..
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