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Price is Everything Chat Room

  • #2,401
  • Edited 7:32am May 12, 2012 7:18am | Edited 7:32am
Quoting fxfury
New hw sounds fun IF. I am wondering if you can make a flag hw. Yes, I know I could go off on my own and do this, but I like your debriefs before hw sessions.

I do not feel I understand the full dynamics of flags, I have notions of what a flag is, but would be helpful if you posted something on what a flag is to you as a PIE trader and how a flag is traded. Or what a flag signifies.

Trying to go over all examples I see in other threads and red talks about them a lot but the examples are fragmented. You seem to present great answers, and this...
OK Fury

Everything that we do is based upon flags and the spaces between them (poles).
The homework I just set, in fact, all the homework I ever have or ever will set is all about them.

Give this latest bit of homework everything you've got, and you'll understand everything you need to know about flags, and consequently, the market itself.
You'll see flags forming between 2 decision points.
You'll see them compressing up, down, or both.
You'll see them trapped within a defined range.
You'll see PA within the flags setting up for a break one way or the other. You'll see the decision to break, and the pole taking price to the next decision point.

If, after you've completed this homework, you still have any issue with flags, I'll buy an edible hat!
  • #2,402
  • May 12, 2012 11:21am May 12, 2012 11:21am
Now will move down to 1M on recent PA.
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  • #2,403
  • May 12, 2012 11:27am May 12, 2012 11:27am
Quoting Winston Reed
Now will move down to 1M on recent PA.
perfect
Hero calls followed by margin calls...
  • #2,404
  • May 12, 2012 11:33am May 12, 2012 11:33am
Quoting Tyoon
All the after-the-fact analysis eventually rubs off on the during-the-fact analysis.

Some during-the-fact analysis on the sim.

Will spend some more time this weekend to do more.

Full size (http://i.minus.com/iGNUacBzFVGOi.png)

Another one from just now.

Full size (http://i.minus.com/iQYEmiTFoXLa9.png)

..
Nice analysis Tyoon but I have a question. I can see and clearly understand the analysis. But I'm looking at how one makes money on the moves in a 1M situation. Would be interesting to not only see analysis but where one would have gone long/short and where tp would have been. Many of the moves are "short" and the profit seemingly small. I think this is one of my hang-ups as I have a hard time accepting 3 or 4 pips profit so I keep the position open looking for it to move to the next zone. Then I get killed as it moves to the next zone but in the opposite direction.
  • #2,405
  • May 12, 2012 11:50am May 12, 2012 11:50am
Quoting Ifmyante
OK Fury

Everything that we do is based upon flags and the spaces between them (poles).
The homework I just set, in fact, all the homework I ever have or ever will set is all about them.

Give this latest bit of homework everything you've got, and you'll understand everything you need to know about flags, and consequently, the market itself.
You'll see flags forming between 2 decision points.
You'll see them compressing up, down, or both.
You'll see them trapped within a defined range.
You'll see PA within the flags setting up for a...
Thank you very much, for the explanation. I came in here with an understanding of what a flag is, but that understanding is narrow minded and since I was projecting this view onto the charts I was getting confused because a flag can be more than what I was projecting.

I imagine someone coming here tabula rasa would be optimal, so I will try to wipe away all my preconceived notions and just 'go with it'.
  • #2,406
  • May 12, 2012 12:09pm May 12, 2012 12:09pm
Bit on the GU
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,407
  • May 12, 2012 12:13pm May 12, 2012 12:13pm
Looking forward to seeing all the homework. For now off to weekend chores.

Including but not limited to making some Cream Cheese Muffins for my lunches next week.

I'd share if I could
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,408
  • May 12, 2012 12:25pm May 12, 2012 12:25pm
Quoting Winston Reed
Nice analysis Tyoon but I have a question. I can see and clearly understand the analysis. But I'm looking at how one makes money on the moves in a 1M situation. Would be interesting to not only see analysis but where one would have gone long/short and where tp would have been. Many of the moves are "short" and the profit seemingly small. I think this is one of my hang-ups as I have a hard time accepting 3 or 4 pips profit so I keep the position open looking for it to move to the next zone. Then I get killed as it moves to the next zone but...
I'm glad you asked this question. I should have said this before. Those types of analysis are simply to understand how price moves. This does not have an intentional relevance of to how to trade it. I would not personally trade the small moves on the 1m. I would only use 1M to identify entry so I can open a position with as little DD as possible and keeping the stop tight so the RR ratio is higher.

I have actually been doing the same type of analysis on the 1H chart today. My theory is that when you understand the dynamics of all the TFs you can enter a swing on HTF with the accuracy of plotting it on the 1M chart. Have had some practise with this on simulator where I had made 100p with a 5p SL when I was risking 2%. So in other words I risked 2% to make 40%.

Hope that made some clearer sense.
  • #2,409
  • May 12, 2012 12:29pm May 12, 2012 12:29pm
Quoting Tyoon
I'm glad you asked this question. I should have said this before. Those types of analysis are simply to understand how price moves. This does not have an intentional relevance of to how to trade it. I would not personally trade the small moves on the 1m. I would only use 1M to identify entry so I can open a position with as little DD as possible and keeping the stop tight so the RR ratio is higher.

I have actually been doing the same type of analysis on the 1H chart today. My theory is that when you understand the dynamics of all the TFs you can...
  • #2,410
  • May 12, 2012 12:36pm May 12, 2012 12:36pm
Quoting Tyoon
I made 100p with a 5p SL when I was risking 2%. So in other words I risked 2% to make 40%.
This is the Holy Grail
  • #2,411
  • May 12, 2012 1:00pm May 12, 2012 1:00pm
Quoting Rufus
Looking forward to seeing all the homework. For now off to weekend chores.

Including but not limited to making some Cream Cheese Muffins for my lunches next week.

I'd share if I could
share the recipe

all this PIE is making me hungry...
  • #2,412
  • May 12, 2012 2:01pm May 12, 2012 2:01pm
H4

How solid is everybodies believe in identical pole length and ending diagonals?

This channel combined with demand pocket from daily is putting a small bull inside my brain...
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  • #2,413
  • May 12, 2012 6:34pm May 12, 2012 6:34pm
Quoting Ifmyante
This is the Holy Grail
Indeed. This is why correct position sizing is paramount here. This might sound a bit (ok a lot) stupid but i really didn't think to proportionately increase my lot size when reducing my SL size. Only using the Easy order thing Ty showed once did i realise i was screwing myself out of bigger profits. After all 2% is always 2%. Duh. But it didn't occur to me at all.

Then a couple of weeks ago i set an order with tiny stop and the Easyorder thing chucked a position 15 times larger than i'd ever done before (still only 2%). I nearly shat myself. A BIG light went off in my head and all of a sudden scalping the small stuff seemed worthwhile.

If you can catch just one of those a month you're doing really well and this stuff is everywhere..... i just need to learn to find it regularly!
  • #2,414
  • May 12, 2012 6:48pm May 12, 2012 6:48pm
Quoting beebolbod
Indeed. This is why correct position sizing is paramount here. This might sound a bit (ok a lot) stupid but i really didn't think to proportionately increase my lot size when reducing my SL size. Only using the Easy order thing Ty showed once did i realise i was screwing myself out of bigger profits. After all 2% is always 2%. Duh. But it didn't occur to me at all.

Then a couple of weeks ago i set an order with tiny stop and the Easyorder thing chucked a position 15 times larger than i'd ever done before (still only 2%). I nearly shat myself....
Yup. Getting really good at knowing where the market will turn can make you high % profits in very short timespans.

You can even keep your % risk nice and low, feel zero stress per trade, and still make a killing, when you're right on almost every trade
  • #2,415
  • May 13, 2012 4:07am May 13, 2012 4:07am
Hey guys,

since i mastered supply/demand trading i also want to include comrpession zones and flags into my s/d trading to improve my overall outcome.

I dont know why, but i do really really hard with spotting and analysing compression zones and flags.
I studied the charts in this thread and especially the charts from Ify times over times, whenever i check the posted charts it makes sense to me...but when i try to spot these levels by myself i fail :-p

Is this a valid example of a compression ?

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And is there someone who can explain it once again in his very own words ?

This stuff cracks me up...dont know why but it cracks me up :-/

Kindest regards,
Jonas
Hero calls followed by margin calls...
  • #2,416
  • May 13, 2012 5:27am May 13, 2012 5:27am
Quoting PhAnTi'
Hey guys,

since i mastered supply/demand trading i also want to include comrpession zones and flags into my s/d trading to improve my overall outcome.

I dont know why, but i do really really hard with spotting and analysing compression zones and flags.
I studied the charts in this thread and especially the charts from Ify times over times, whenever i check the posted charts it makes sense to me...but when i try to spot these levels by myself i fail :-p

Is this a valid example of a compression ?

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And is there...

Hi Jonas,

I am curently not home and can't explain with a chart, but I'll try to explain what I have learned (from this and PIE thread) about compression in my own words in order to help you out.

Why do we call "compression" compression? :-)
-Because while price is moving to the up or downside , it pulls back to small pockets of demand or supply . Since it "pulls back" constantly, you (usually) don't see big red/green candles but instead you usually see smaller candles that are pulling back into those small pockets of s/d.

See it as an area where price act like a magnet... Basicly we see a base of 2 or more candle then price moves up/down even with 1 candle and immediately pulls back into this base (wich is the small pockets)

When I started to learn about compression, I thaught that price has to spike into the small pockets of s/d. Now, I know, (Thanks to IF) that it is not a must to se a big wicks when identifying compression. We can see compression either with wicks or with full candles that are pulling back to those "famous" pockets.

Compression is there to clear the orders, in order to let price drop rapidly or hardly when it will turn.

I hope I was able to help you out a little bit.
Mel
  • #2,417
  • May 13, 2012 6:20am May 13, 2012 6:20am
Iffy - I've been followin your youtube stuff - I've marked up the following charts with what I see.
Question 1 - do you still advocate this approach?
Question 2 - if you (or others) have time, have I got it about right?
Question 3 - what (vital) clues have I missed?

Thanks to all on the PIE threads for your patience and wisdom
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  • #2,418
  • May 13, 2012 7:40am May 13, 2012 7:40am
A simple something before I go back out.

..
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  • #2,419
  • May 13, 2012 8:09am May 13, 2012 8:09am
Quoting MitchWorse
H4

How solid is everybodies believe in identical pole length and ending diagonals?

This channel combined with demand pocket from daily is putting a small bull inside my brain...
Pole length analysis may work in confluence with SD PA.
Mostly though, we just ask the eternal question: Is price decidedly too high/low?
  • #2,420
  • May 13, 2012 8:26am May 13, 2012 8:26am
Quoting PhAnTi'
Is there someone who can explain it once again in his very own words ?
Hi Jonas,

Flags are everywhere:

Pole - Chop - Pole

That choppy zone(flag) is where price is consuming orders(ie compressing), clearing the way for another pole into next S/D.

Your chart shows the pole, you've identified the compression, an ignored DropBaseRally (s => r). Now all there is to do is wait for price to react.

Sounds like a nice scenario imho.
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