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Price is Everything Chat Room

  • #2,261
  • May 9, 2012 6:00pm May 9, 2012 6:00pm
Quoting Donkey
Starting to study some s/d concepts....this is my first shot at marking up a chart. CADJPY, Daily S/D zones.

Green rectangles represent the Demand zones as a I see them, looking to buy here.
Red rectangles - supply zones, looking to sell here.
Any feedback appreciated.
Welcome ! If you wonna learn how "read" the price, Red empire is the best place, so take a look at all the treadhs of the empire, romancing the price [useful link on first page], price is everithing, and obviously looks at the first page of this treadh, there is a nice index whit links.
About the zones you marked on you chart..good but you have to consider even some other things, S/D zones are important, but if you wonna read the price you have to consider at least
1) How price leaving a S/D zones, whit a big momentum or in a more "gentle" way ? There is a retest of the zone ? Whit spikes ? Or price have found resistence/spupport belove/above the zone ?
2) How price is approaching an S/D zones ? Is compressed ? has momentum ?
3) Time, how many time price have spent in a zone ?
4) History !!! Is a fresh zones ? How price reacted to the zone in the past ? What's happen in LTF ?
But that is just the beginning..enjoy the journey!
Sometime the horizon disappear. Twitter: @_whiteout
  • #2,262
  • May 9, 2012 8:08pm May 9, 2012 8:08pm
Quoting kruger
Be careful with zone from H4 and higher one from H1 - they were spiked already. No strong reaction from m5 zone but this could be nice trade - scalp at least

Hi Kruger,
Not sure where you meant were already spiked? Can u elaborate abit? Thks!
  • #2,263
  • May 9, 2012 8:17pm May 9, 2012 8:17pm
My AU trades today
well actually there was one other in there which I neglected to attach to the chart. You'll note its absence at around the 10 minute mark.

There's nothing special in this video, just my reading price

(http://www.youtube.com/watch?v=nUW16nqejsw)
  • #2,264
  • May 9, 2012 9:15pm May 9, 2012 9:15pm
Quoting beebolbod
I think you're well on your way with this now

Having the confidence to let them run to TG area comes with practice, especially in the lightening quick world of M1/M5. Price coming back at you takes on a whole new meaning in this TF.
Often, price will come back to retest your zone, observing how it does it is key and in your trade there would have been nothing wrong with taking 1/2 off and keeping SL just above zone thereby allowing trade to come and retest and not get stopped out. the 1/2 off allows the trade to go negative a little...
Yup, i see in the Red pdf that he sometimes closes 2/3 at 1st TP, then let the rest run without adjusting initial SL. I'll probably have to play around to see which fits me better. Another seasoned trader, The Wizard finds it more profitable to close partial and NOT adjust initial SL as well. Although I haven't look at my stats, but I usually do get stopped out after moving trade to BE. Time to experiment!
  • #2,265
  • May 9, 2012 9:16pm May 9, 2012 9:16pm
Quoting Ifmyante
My AU trades today
well actually there was one other in there which I neglected to attach to the chart. You'll note its absence at around the 10 minute mark.

There's nothing special in this video, just my reading price

http://www.youtube.com/watch?v=nUW16nqejsw
very nice trades Ifmyante, thanks for explaining in detail. could you please also explain how you manage the stop loss during the those trades, ie, initial stops, and trail stops that used. many thanks

PH
seeing through
  • #2,266
  • May 9, 2012 9:29pm May 9, 2012 9:29pm
Quoting Tyoon
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...
Thanks Tycoon, got it all bright & clear
If I may ask, what is a swap zone & its significance? Its a new term to me
  • #2,267
  • May 9, 2012 9:42pm May 9, 2012 9:42pm
Quoting Ifmyante
My AU trades today
well actually there was one other in there which I neglected to attach to the chart. You'll note its absence at around the 10 minute mark.

There's nothing special in this video, just my reading price

(http://www.youtube.com/watch?v=nUW16nqejsw)

You sir, are beyond amazing. Thank you so much for taking the time to explain everything in detail. Your videos truly are eye-opening and quite addictive I might add.
  • #2,268
  • May 9, 2012 10:00pm May 9, 2012 10:00pm
Quoting Ifmyante
There's nothing special in this video, just my reading price

http://www.youtube.com/watch?v=nUW16nqejsw
Nothing special what?
Priceless seeing the master in action - thanks for putting in the late hours for us.
  • #2,269
  • May 9, 2012 10:03pm May 9, 2012 10:03pm
Quoting Ifmyante
My AU trades today
well actually there was one other in there which I neglected to attach to the chart. You'll note its absence at around the 10 minute mark.

There's nothing special in this video, just my reading price

http://www.youtube.com/watch?v=nUW16nqejsw
Thank you Sir! I viewed it once, but gonna to replay it again and again to digest. And I will be looking at your other vid too, thanks so much!

Edit: folks, pls have a look at IF's channel in youtube, i bet there's lots of gold there
http://www.youtube.com/user/ifmyante?feature=results_main
  • #2,270
  • May 9, 2012 11:28pm May 9, 2012 11:28pm
practising
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  • #2,271
  • May 10, 2012 2:08am May 10, 2012 2:08am
Quoting Fx7877
Thanks Tycoon, got it all bright & clear
If I may ask, what is a swap zone & its significance? Its a new term to me
Definitely research it. Swaps have become of an increasing value to me. Essentially it's a level/zone where a decision changes over and over again. Similar to the idea that support turns to resistance and resistance turns to support.

My observation of how price reacted around swap levels made something click inside me. Almost everything I learned about price started coming together into one clear logical understanding.

One of those experiences you can't have without someone like IF sharing their nuts off with their own knowledge.

IF, that video is so key. I thank you (again) for from the bottom of my heart for everything you are giving away so freely.
  • #2,272
  • May 10, 2012 2:10am May 10, 2012 2:10am
things are starting to click ....

as usual, comments r welcomed
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  • #2,273
  • May 10, 2012 2:17am May 10, 2012 2:17am
Quoting Tyoon
Definitely research it. Swaps have become of an increasing value to me. Essentially it's a level/zone where a decision changes over and over again. Similar to the idea that support turns to resistance and resistance turns to support.

My observation of how price reacted around swap levels made something click inside me. Almost everything I learned about price started coming together into one clear logical understanding.

One of those experiences you can't have without someone like IF sharing their nuts off with their own knowledge.

IF, that...
Thanks m8, will start watching out for such.

I plan to print out and take notes along the way as IF talks in all his vids. Priceless!
  • #2,274
  • May 10, 2012 3:05am May 10, 2012 3:05am
Quoting beebolbod
hehehe. A fingers length profit. I love the drawing.
Quoting NaughtyPip
this pattern rocks and happens all the time
I would like to see this kind of finger all the time
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,275
  • May 10, 2012 3:09am May 10, 2012 3:09am
Quoting Fx7877
Thanks m8, will start watching out for such.

I plan to print out and take notes along the way as IF talks in all his vids. Priceless!
Study the living crap out of price. Any turn, continuation, pattern, anomaly, or any kind of move for that matter.. take note of it even if you don't understand it. Eventually those abstractions start to merge and form a picture/understanding over time.

The more you abstract and analyse, the more your mind has to reference and synthesize.

Ah, I'm in one of those yabbering moods again today.. I'll try and keep my head in the charts.
  • #2,276
  • May 10, 2012 3:11am May 10, 2012 3:11am
Quoting Ifmyante
My AU trades today
well actually there was one other in there which I neglected to attach to the chart. You'll note its absence at around the 10 minute mark.

There's nothing special in this video, just my reading price

(http://www.youtube.com/watch?v=nUW16nqejsw)

Goodmorning If,

Very nice video, Thank you very much for taking the time to do it. It is very informative.

Mel
  • #2,277
  • May 10, 2012 3:12am May 10, 2012 3:12am
Quoting Fx7877
Hi Kruger,
Not sure where you meant were already spiked? Can u elaborate abit? Thks!
Sure!
I used your charts - hope you don't mind
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,278
  • May 10, 2012 3:22am May 10, 2012 3:22am
Quoting kruger
Sure!
I used your charts - hope you don't mind
Hi Kruger,

No I do not mind at all :-) . Thanks for taking the time to comment on the charts.
I have attached another chart about the revisit..

Have a nice day,
Mel
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  • #2,279
  • May 10, 2012 3:22am May 10, 2012 3:22am
Quoting Tyoon
Study the living crap out of price. Any turn, continuation, pattern, anomaly, or any kind of move for that matter.. take note of it even if you don't understand it. Eventually those abstractions start to merge and form a picture/understanding over time.

The more you abstract and analyse, the more your mind has to reference and synthesize.

Ah, I'm in one of those yabbering moods again today..
I was just about to iterate the exact same thing

There's no need to wait for someone to post a trade for you to analyse - go straight into your charts. Follow price from decision to decision. Find out why the first decision occurred, study the PA on approach, watch the reaction and the ensuing PA.

If a setup failed, be very happy you found it. Don't leave the chart until you find out why it failed.

Every case study you do will help to make live trading so much more natural
  • #2,280
  • May 10, 2012 3:41am May 10, 2012 3:41am
Quoting @mel
I have attached another chart about the revisit..

Have a nice day,
Mel
Yes, in that case it was first test of the zone and it worked out. But the second and subsequent visits does not mean that zone will broke like in this example. All depend what is going on in the zone - LTF PA.
I still have problems with that kind of stuff.

Have a nice day for all
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