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Price is Everything Chat Room

  • #2,421
  • May 13, 2012 8:54am May 13, 2012 8:54am
Quoting Steigo
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
Hi Steigo, and welcome

1. The approach is still sound - It's a great way to always be aware of the story of price, from the macro to the micro.
I am, however, currently working on a way to make it even easier to know when to enter, hold, and exit, giving the greatest possible return on the trade. More on that later

2. I haven't studied your analysis totally, I'm sorry, but from what I see, you've got a really firm grasp of the ongoing story of price, so, well done

3. The one thing I did notice missing wasn't missing at all! In the H4 chart you posted (and thanks for using the Symbol and TF indi - makes the viewer's life much easier), the last CP you drew rising north is not a clean CP at all - there are a few little pockets of demand left untested.
But, if you look on the monthly chart, that whole zone is clearly compressed from D up to S, and in this case, you'd imagine the HTF PA should ultimately prevail if price drops into the CP zone, especially since MTH PA has reacted to the QM level.

You've done great work on this, well done, and I hope to be seeing more of your analysis in the future.

You may confuse me from time to time though, as you share the same avatar as my friend Adilius07.

For reference, here's my picture of the story on Monthly
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  • #2,422
  • May 13, 2012 9:07am May 13, 2012 9:07am
Talking about flags.. IF's last chart reminded me of some reversal PA I have been noticing recently.

Rejection followed almost immediately by a flag.

..
Attached Image
  • #2,423
  • May 13, 2012 9:08am May 13, 2012 9:08am
Quoting Ifmyante
Pole length analysis may work in confluence with SD PA.
Mostly though, we just ask the eternal question: Is price decidedly too high/low?
it's just that i spot them a lot with nearly identical pole length.

All this action on the lower TF's...
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  • #2,424
  • May 13, 2012 9:34am May 13, 2012 9:34am
Quoting Tyoon
Talking about flags.. IF's last chart reminded me of some reversal PA I have been noticing recently.

Rejection followed almost immediately by a flag.

..
Gives us a second chance to catch the train
  • #2,425
  • May 13, 2012 9:39am May 13, 2012 9:39am
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 ?

Attachment

And is there...
I have a video rendering at the moment which may explain it a bit.

It's very brief, so after you've seen it, let me know if it's too brief
  • #2,426
  • May 13, 2012 9:43am May 13, 2012 9:43am
Quoting Ifmyante
Gives us a second chance to catch the train
IF, if you have time could you shed a bit more light on that EU short (http://www.forexfactory.com/showthread.php?p=5659137#post5659137) you posted the other day please?

Or would you want us to study the PA a bit more first?

PS. "PARTY! (Past, Approach, Reaction, Thank You!)" haha awesome.
  • #2,427
  • May 13, 2012 9:44am May 13, 2012 9:44am
Quoting Ifmyante
Hi Steigo, and welcome

...........- there are a few little pockets of demand left untested............
Been a lurker for week now, trying to absord all the great stuff here, I trade according the James16 method. I must say a bunch of great and unselfish traders/people over here, trying to help other traders, respect for you guys. Just a little question from me for now, these "a few little pockets of demand left untested" how is this displayed on a chart ?

Regards,
Pipcrawler
  • #2,428
  • May 13, 2012 9:45am May 13, 2012 9:45am
Quoting Tyoon
IF, if you have time could you shed a bit more light on that EU short (http://www.forexfactory.com/showthread.php?p=5659137#post5659137) you posted the other day please?

Or would you want us to study the PA a bit more?
Jeez, I just came to the office for a ciggie

Only joking, I'll do it today, I promise
  • #2,429
  • May 13, 2012 9:55am May 13, 2012 9:55am
Quoting Tyoon
PS. "PARTY! (Past, Approach, Reaction, Thank You!)" haha awesome.
a PARty with PIE

it just all adds up
  • #2,430
  • Edited 10:49am May 13, 2012 9:57am | Edited 10:49am
Here's the video.

http://www.youtube.com/watch?v=bOhGwkXMG1k
  • #2,431
  • May 13, 2012 10:05am May 13, 2012 10:05am
Quoting MitchWorse
it's just that i spot them a lot with nearly identical pole length.

All this action on the lower TF's...
Hi
I have noticed the same thing. I am assuming that the reason in that many trader use RR=1 or close to 1.

Those that enter during the flag, set the SL behind the first pole, and TP same number of pips. When we get a lot of TP we have a reaction. If that level is in confluence with other levels (such as S/D) we get a big reaction.
  • #2,432
  • May 13, 2012 10:13am May 13, 2012 10:13am
Quoting xmzhang
Been a lurker for week now, trying to absord all the great stuff here, I trade according the James16 method. I must say a bunch of great and unselfish traders/people over here, trying to help other traders, respect for you guys. Just a little question from me for now, these "a few little pockets of demand left untested" how is this displayed on a chart ?

Regards,
Good to see your post!

Here are the pockets of Demand. Some have been tested, filling the orders left there, others are yet to be tested, and the orders remain
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  • #2,433
  • May 13, 2012 1:03pm May 13, 2012 1:03pm
Quoting Ifmyante
Here's the video.

http://www.youtube.com/watch?v=bOhGwkXMG1k
Thanks for the vid Ify,

i got some questions and a short rollback of your video to see whether i got it or not : p...


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not to spoil the chart with letters i added some numbers and gonna attach the text here...

No.1 : Buyers exceeded sellers, price went up and broke through number 3 supply,which had been consumed before. There were no retest at No.1 that we saw a retrace at demand at number 2, killing number 1 demand because it has been consumed at 2. When price aproahed break thorugh point 3 at number 4 again, we had a retrace because we did have some buy orders left from the number 3 crack up consuming last demand there at 4. No. 5 and 6 consumed demand for break at 13. we got another break thorugh at 7, consuming left buy orders at break through level at 8 and 9. flag and break north at 10, testing and consuming demand at 11. No demand left at 12, break south.

Alright, this was pretty complicated .... hoep you dont mind and get it ?! :-/

Well do we look at break thorugh levels at the smaller timeframes ? we do have a lot of retests and consumptions here at these levels as at 4,8,11.
Hero calls followed by margin calls...
  • #2,434
  • May 13, 2012 1:05pm May 13, 2012 1:05pm
Quoting Ifmyante
Good to see your post!

Here are the pockets of Demand. Some have been tested, filling the orders left there, others are yet to be tested, and the orders remain
thanks for this sentence and chart ...very illuminating

thanks,
Jonas
Hero calls followed by margin calls...
  • #2,435
  • May 13, 2012 2:15pm May 13, 2012 2:15pm
Quoting Ifmyante
Here's the video.

http://www.youtube.com/watch?v=bOhGwkXMG1k
PARTY!

With particular emphasis on the TY part for If. Great vid. Thanks.
  • #2,436
  • May 13, 2012 3:54pm May 13, 2012 3:54pm
Quoting Ifmyante
Good to see your post!

Here are the pockets of Demand. Some have been tested, filling the orders left there, others are yet to be tested, and the orders remain
Thank you sir for your reply, excuse me for my ignorence, but are the "pockets of demand" shown on your chart not the same as regular demand zones or is there a difference between them ?

Regards,
Pipcrawler
  • #2,437
  • May 13, 2012 4:00pm May 13, 2012 4:00pm
Quoting xmzhang
Thank you sir for your reply, excuse me for my ignorence, but are the "pockets of demand" shown on your chart not the same as regular demand zones or is there a difference between them ?

Regards,
the significant difference is whether they are even consumed ( = invalid ) or not.
Hero calls followed by margin calls...
  • #2,438
  • May 13, 2012 4:13pm May 13, 2012 4:13pm
in general, why are flags usually pretty strong ?

hope you dont mind asking,but this is a key topic in pa trading and maybe some of you do have the same questions as i do

---------------------------

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also id like to have some comments on the following chart, maybe you guys can post a heads up for me showing your s/d analysis, which area is even consumed, which one you would trade in future and so on,

would be great,



kindest regards & thanks in advance,
Jonas
Hero calls followed by margin calls...
  • #2,439
  • May 13, 2012 4:31pm May 13, 2012 4:31pm
Quoting Ifmyante
Good to see your post!

Here are the pockets of Demand. Some have been tested, filling the orders left there, others are yet to be tested, and the orders remain
Still confused, refering to chart, why are the inserted blue zones not pockets of demand ...........

Regards,
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Pipcrawler
  • #2,440
  • May 13, 2012 4:33pm May 13, 2012 4:33pm
Quoting xmzhang
Still confused, refering to chart, why are the inserted blue zones not pockets of demand ...........

Regards,
they are.
only the circled ones are consumed and invalid.

regards,
Jonas
Hero calls followed by margin calls...
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