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Price is Everything Chat Room

  • #2,481
  • May 15, 2012 3:43am May 15, 2012 3:43am
Quoting ppvp
Hey.

This is what I can make of this. Hopefully a senior member will shed some light on it as well.
spot on i reckons. Also remember the approach.
  • #2,482
  • May 15, 2012 3:45am May 15, 2012 3:45am
Hi all,
My attempt in yet another homework after viewing all of IF's videos. Some things are starting to sink in, but not sure if am on the right track, appreciate feedback from IF or other seniors on my questions on the charts for confirmation of my understanding. AU m15 & AU m1 on how i define zone, last AU m1 chart on what happened when it came close to supply zone. Thanks all!
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  • #2,483
  • May 15, 2012 3:54am May 15, 2012 3:54am
Quoting ppvp
Ah yes.

http://www.nobrainertrades.com/2011/05/liquidity-gaps-and-spike-removals.html

http://vimeo.com/26338496

This is probably what you meant. NBT was actually the reason I embarked on the PA journey that led me to PIE. I remember Emene also posted these videos a couple of times.
yep, that's the one. Some wonderful stuff in NBT.
  • #2,484
  • May 15, 2012 4:08am May 15, 2012 4:08am
A question for the seniors, I'am correct when I say that for a S/D to flip into D/S all the sell/buy orders first have to be fully consumed at the original S/D.

Is a S/D fully consumed when price breaches it ? I know from a ignored S/D that the high momentum bar that breaches a S/D swallows all the sell/buy orders at once, but when price wiggles through S/D, how can one figure out whether those sell/buy orders are consumed or not ?

Regards,
Pipcrawler
  • #2,485
  • May 15, 2012 4:13am May 15, 2012 4:13am
Quoting Fx7877
Hi all,
My attempt in yet another homework after viewing all of IF's videos. Some things are starting to sink in, but not sure if am on the right track, appreciate feedback from IF or other seniors on my questions on the charts for confirmation of my understanding. AU m15 & AU m1 on how i define zone, last AU m1 chart on what happened when it came close to supply zone. Thanks all!
Hi all, my view:
Q1 Q2: zone looks ok, but price reacted to lower on (visible on m5), also look at chart below
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  • #2,486
  • May 15, 2012 4:26am May 15, 2012 4:26am
Quoting Fx7877
Hi all,
My attempt in yet another homework after viewing all of IF's videos. Some things are starting to sink in, but not sure if am on the right track, appreciate feedback from IF or other seniors on my questions on the charts for confirmation of my understanding. AU m15 & AU m1 on how i define zone, last AU m1 chart on what happened when it came close to supply zone. Thanks all!
This wasn't so much about the break of the supply above, as about the decision to break the previous low.
While you're doing your RBD DBR homework, look for as many instances of this as you can, both successful and failed
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  • #2,487
  • May 15, 2012 4:27am May 15, 2012 4:27am
Quoting Fx7877
Hi all,
My attempt in yet another homework after viewing all of IF's videos. Some things are starting to sink in, but not sure if am on the right track, appreciate feedback from IF or other seniors on my questions on the charts for confirmation of my understanding. AU m15 & AU m1 on how i define zone, last AU m1 chart on what happened when it came close to supply zone. Thanks all!
Hi, I analysed the Ozzie in hindsight also to understand price action dynamics, here's what I found (take it with a grain of salt cose I'am still a neebie):

My key points are the pivot low @ 9996 and the BRN @ 10000, looking at the 5m-TF, price decided to break that pivot low as seen by a DBD supply, as IFy always say price will revisit this decision point so it did, before price could drop lower, price had to clear a minor demand just below which also gave price the oppertunity to test the BRN 10000, there price gave us our sell PA via a 10m-PB.

Regards,
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Pipcrawler
  • #2,488
  • May 15, 2012 4:29am May 15, 2012 4:29am
Quoting Ifmyante
This wasn't so much about the break of the supply above, as about the decision to break the previous low.
While you're doing your RBD DBR homework, look for as many instances of this as you can, both successful and failed
LOL, you beat me, didn't notice your reply,
Pipcrawler
  • #2,489
  • May 15, 2012 4:35am May 15, 2012 4:35am
Quoting xmzhang
LOL, you beat me, didn't notice your reply,
great answer though
  • #2,490
  • May 15, 2012 4:42am May 15, 2012 4:42am
Folks,
If you are looking to short AU, which supply zone would you have choosen? I always see situations where there is zone above/below another zone (which Tyoon calls it stacking) and wonder which one to take and where to place SL

Now when I look at HTF, I see a PPZ around zone 2. Does that makes zone 2 a better choice for supply zone?

IF, if you have sometime, can u pls give us more insight abt stacking? As in which zone to take and placing SL in which zone since they are so close to each other

edit: just saw reply by xmzhang & If on my earlier post. Will come back to it later to digest. Heading out now.
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  • #2,491
  • May 15, 2012 4:58am May 15, 2012 4:58am
Quoting xmzhang
A question for the seniors, I'am correct when I say that for a S/D to flip into D/S all the sell/buy orders first have to be fully consumed at the original S/D.

Is a S/D fully consumed when price breaches it ? I know from a ignored S/D that the high momentum bar that breaches a S/D swallows all the sell/buy orders at once, but when price wiggles through S/D, how can one figure out whether those sell/buy orders are consumed or not ?

Regards,
When price hits your buy or sell order, it gets filled, full or partially, and is gone.

If price breaks hard through an high or a low and spends some time away, there's a good chance that new orders have been placed at the decision to break, turning it into a possible SR RS flip.

If it doesn't break hard enough and stay away, it can easily become the beginning of a compression.

After a break, be sure you know where the next zone is, and its importance, and you'll have a good idea of the possible PA which will ensue
  • #2,492
  • May 15, 2012 5:21am May 15, 2012 5:21am
Quoting kruger
Hi all, my view:
Q1 Q2: zone looks ok, but price reacted to lower on (visible on m5), also look at chart below
Your approach analysis was pretty spot on

and had the previous low not been there, your past analysis would've played out very well too, I'm sure

Good job
  • #2,493
  • May 15, 2012 5:28am May 15, 2012 5:28am
Quoting Ifmyante
Your approach analysis was pretty spot on

and had the previous low not been there, your past analysis would've played out very well too, I'm sure

Good job
It is good to know that you are on track
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  • #2,494
  • May 15, 2012 6:19am May 15, 2012 6:19am
Sold E/G
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Pipcrawler
  • #2,495
  • May 15, 2012 6:31am May 15, 2012 6:31am
Quoting xmzhang
Sold E/G
Very close to FTA, is it your target?
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  • #2,496
  • May 15, 2012 6:32am May 15, 2012 6:32am
Quoting kruger
Very close to FTA, is it your target?
FTA would be BRN @ 8000
Pipcrawler
  • #2,497
  • May 15, 2012 6:34am May 15, 2012 6:34am
Quoting xmzhang
FTA would be BRN @ 8000
exactly the way I see it , not only just BRN but also start of fresh demand
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  • #2,498
  • May 15, 2012 6:50am May 15, 2012 6:50am
GU view:
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  • #2,499
  • May 15, 2012 7:12am May 15, 2012 7:12am
Quoting kruger
GU view:
Delighted to see you finding likely places to trade from, and even happier that you're working out where their fails are
  • #2,500
  • May 15, 2012 7:13am May 15, 2012 7:13am
few lines on EURAUD...
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