Price is Everything Chat Room | Page 118 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fozzy Chat Room 7 replies

Attachments: Price is Everything Chat Room
Exit Attachments

Price is Everything Chat Room

  • #2,341
  • May 11, 2012 5:17am May 11, 2012 5:17am
Quoting Tyoon
Currently preparing the post for Platform Tech. Also just gathering some ideas. Might need to get a few more details from you also.
pls. post a link here to your post in Platform Tech. Weekend is coming up :nerd:

That 2 screen approach from If seems a better option though. MT4 is slow enough.

some PA:
Attached Image (click to enlarge)
Click to Enlarge Name: screen.gif Size: 19 KB
  • #2,342
  • May 11, 2012 5:17am May 11, 2012 5:17am
Took a small loss (made up for it with a nice winner in the aussie) on this today, but the writing was on the chart.

Looks like A+ demand, didn't hold though. Not sure if there are any signs of it not holding to the left of the chart (couldn't see any). However when having a closer look at the approach, there were warning signs.

In hindsight should have added to position around BRN and exit the trade for a small or BE.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $GBPUSD (5 Min) 11_05_2012.jpg Size: 90 KB
Click to Enlarge Name: $GBPUSD (1 Min) 11_05_2012.jpg Size: 90 KB
  • #2,343
  • May 11, 2012 5:18am May 11, 2012 5:18am
Quoting hometrading
I always have challenges to determine if a Pin is continuation or rejection.
I do have a question. Both of these structures are reacting to resistance. Why did the lower one break and the upper one finally get rejected?

I am interested in anyone's thoughts on this. Could generate some great insights on PA reversals and continuations.

..
Attached Image (click to enlarge)
Click to Enlarge Name: BOandRJ.png Size: 35 KB
  • #2,344
  • May 11, 2012 5:53am May 11, 2012 5:53am
Quoting Tyoon
I know I say this a lot.. but I hope this makes sense. Had just woke up.

EDIT; just realized IF and others beat me to it. Well, hope this still helps.

..
Wow Tyoon, Beautiful charts, really!
You are doing a great job! Thx
  • #2,345
  • May 11, 2012 5:54am May 11, 2012 5:54am
I have a question too

I took the highest short first, and then added on the lower

Why did I take the trades?
Attached Image (click to enlarge)
Click to Enlarge Name: 11-05-2012 11-51-57.jpg Size: 85 KB
  • #2,346
  • May 11, 2012 6:00am May 11, 2012 6:00am
Hi guys,

i posted this question on the sam seiden thread but to no avail.

Can you give your insight?

This was it:
"i've been looking into this view of the market, and i have a question about what can be considered "fresh" levels.

I've heard Sam Seiden say in his webinars that its just a level which hasn't been tested once yet: that's the freshness of the level.

But is that new formed level in itself another fresh level?

please see chart below ."

So, the price on the right met that supply level and retraced. For the future can we consider that denial as a new/fresh supply level to account for, since it has shown to be full of supply?

thx



Attached Image (click to enlarge)
Click to Enlarge Name: s&d levels.PNG Size: 197 KB
  • #2,347
  • May 11, 2012 6:00am May 11, 2012 6:00am
If,

I cant see anything to the left so is it because the small demand zone (where a decision was made marked at 1.2938 - 1.2940) marked out is getting consumed more and more with each test??
  • #2,348
  • May 11, 2012 6:06am May 11, 2012 6:06am
Quoting Rsherl01
If,

I cant see anything to the left so is it because the small demand zone (where a decision was made marked at 1.2938 - 1.2940) marked out is getting consumed more and more with each test??
There's really alot to this one

The left is very important here
The approach is just as important

If you crack this, you're well on your way
Give this quiz lots of attention
  • #2,349
  • May 11, 2012 6:08am May 11, 2012 6:08am
Quoting Polkm
Hi guys,

i posted this question on the sam seiden thread but to no avail.

Can you give your insight?

This was it:
"i've been looking into this view of the market, and i have a question about what can be considered "fresh" levels.

I've heard Sam Seiden say in his webinars that its just a level which hasn't been tested once yet: that's the freshness of the level.

But is that new formed level in itself another fresh level?

please see chart below ."

[b]So, the price on the right met that supply level...
Try and simply look for big decisions on value, and where they were made

If a big decision was made, especially a change of mind, be assured that the big guys have placed orders there

Watch Past, Approach, and Reaction, and you'll go a long way
  • #2,350
  • May 11, 2012 6:12am May 11, 2012 6:12am
Quoting Ifmyante
I have a question too

I took the highest short first, and then added on the lower

Why did I take the trades?
BEAUTIFUL TRADE

My view on the reasons.

Your first sale was a touch of level. Second sale was on retest of new supply created?

..
Attached Image (click to enlarge)
Click to Enlarge Name: IFpast.jpg Size: 76 KB
  • #2,351
  • May 11, 2012 6:19am May 11, 2012 6:19am
Quoting Tyoon
I do have a question. Both of these structures are reacting to resistance. Why did the lower one break and the upper one finally get rejected?

I am interested in anyone's thoughts on this. Could generate some great insights on PA reversals and continuations.

..

Hey here is my insight into the continuation of the lower structure. Let me know if you think i'm barking up the wrong tree
Attached Image (click to enlarge)
Click to Enlarge Name: BOandRJ.png Size: 67 KB
  • #2,352
  • May 11, 2012 6:24am May 11, 2012 6:24am
Quoting Tyoon
BEAUTIFUL TRADE

My view on the reasons.

Your first sale was a touch of level. Second sale was on retest of new supply created?

..
Thats what i saw, but that 1st closed my long with a ninja attack. Clueless
  • #2,353
  • May 11, 2012 6:26am May 11, 2012 6:26am
Quoting Ifmyante
I have a question too

I took the highest short first, and then added on the lower

Why did I take the trades?
MY attempt
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (1 Min) 11_05_2012.jpg Size: 104 KB
Click to Enlarge Name: 11-05-2012 9-19-38 PM.png Size: 16 KB
  • #2,354
  • Edited 6:40am May 11, 2012 6:27am | Edited 6:40am
Quoting Ifmyante
I have a question too

I took the highest short first, and then added on the lower

Why did I take the trades?
my 2 $ whit a little question
edited 2chart due some mistake, damn i was in a rash
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ifqpast.gif Size: 21 KB
Click to Enlarge Name: ifqpast2.gif Size: 24 KB
Sometime the horizon disappear. Twitter: @_whiteout
  • #2,355
  • May 11, 2012 6:31am May 11, 2012 6:31am
Quoting Tyoon
BEAUTIFUL TRADE

My view on the reasons.

Your first sale was a touch of level. Second sale was on retest of new supply created?

..
Ah, had forgot about CP to LQ.
  • #2,356
  • May 11, 2012 6:34am May 11, 2012 6:34am
Quoting Tyoon
BEAUTIFUL TRADE

My view on the reasons.

Your first sale was a touch of level. Second sale was on retest of new supply created?

..

Ty,

Forgive my ignorance but I still cant see that looking at my chart. Surely this was too random to make a trade on?? If we look back through the charts surely there could be a hundred of these that wouldnt even be considered as a turning point?
  • #2,357
  • May 11, 2012 6:37am May 11, 2012 6:37am
Quoting Rsherl01
Ty,

Forgive my ignorance but I still cant see that looking at my chart. Surely this was too random to make a trade on?? If we look back through the charts surely there could be a hundred of these that wouldnt even be considered as a turning point?
Study and backtest this yourself and try not to fall off your chair.

Of course, price could have gone higher but I'm sure there are some clues in the approach PA that suggested that it was topping out. Hopefully when we all have given our best shots to IF's question he might shed some more light on it.

I'm re-looking at the PA atm.

PS. remember, levels (past price structure) are only levels until PA (current arrival and reaction) dictates otherwise.
  • #2,358
  • May 11, 2012 6:40am May 11, 2012 6:40am
Quoting Tyoon
I do have a question. Both of these structures are reacting to resistance. Why did the lower one break and the upper one finally get rejected?

I am interested in anyone's thoughts on this. Could generate some great insights on PA reversals and continuations.

..
does this make sense? Looks logical after the fact.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (15 Min) 24_04_2012.jpg Size: 85 KB
  • #2,359
  • May 11, 2012 6:44am May 11, 2012 6:44am
Quoting NaughtyPip
Hey here is my insight into the continuation of the lower structure. Let me know if you think i'm barking up the wrong tree
Quoting hometrading
does this make sense? Looks logical after the fact.
Thanks for the answers guys. I deliberately chose this example because they are hard. It's getting me scratching my head a bit.

There is no right or wrong answers here. Just ideas that we can put together to try and crack it.
  • #2,360
  • May 11, 2012 7:01am May 11, 2012 7:01am
Quoting Tyoon
Thanks for the answers guys. I deliberately chose this example because they are hard. It's getting me scratching my head a bit.

There is no right or wrong answers here. Just ideas that we can put together to try and crack it.
Really nothingh to add, but i always impressed by graph line...look how beautifil is, no noise, but is really difficoult use graph line in real time, really don't know how integrate in a real trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tyoon1.gif Size: 26 KB
Click to Enlarge Name: tyoon2.gif Size: 24 KB
Sometime the horizon disappear. Twitter: @_whiteout
23 traders viewing now