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Price is Everything Chat Room

  • #2,501
  • May 15, 2012 7:16am May 15, 2012 7:16am
Quoting Ifmyante
Delighted to see you finding likely places to trade from, and even happier that you're working out where their fails are
I'm just trying to PARTY!
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,502
  • May 15, 2012 8:08am May 15, 2012 8:08am
Im finding drilling down to LTF's for decision points slightly confusing. To me an area of previous s/d would be an area that would be hardest to break through, thus requiring alot of orders to overcome this level, resulting in a wrb when it leaves and a change in s/d, i.e. a decision point, or new sentiment.

In the example below it seems that the decision point was made at a level that wouldn't require much force to break through, and later on as price moved down to the previous swing, there was a struggle and price eventually breaks through yet when we revisit this are later on it holds less significance than the level above....

I'm sorry if my description of my dialemma is a little confusing, I'm terrible at explaining things - maybe you can understand from my charts below.
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  • #2,503
  • May 15, 2012 8:27am May 15, 2012 8:27am
Quoting NaughtyPip
Im finding drilling down to LTF's for decision points slightly confusing. To me an area of previous s/d would be an area that would be hardest to break through, thus requiring alot of orders to overcome this level, resulting in a wrb when it leaves and a change in s/d, i.e. a decision point, or new sentiment.

...
Hi naughty, here is my point of view.
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  • #2,504
  • May 15, 2012 9:00am May 15, 2012 9:00am
Quoting NaughtyPip
Im finding drilling down to LTF's for decision points slightly confusing. To me an area of previous s/d would be an area that would be hardest to break through, thus requiring alot of orders to overcome this level, resulting in a wrb when it leaves and a change in s/d, i.e. a decision point, or new sentiment.

In the example below it seems that the decision point was made at a level that wouldn't require much force to break through, and later on as price moved down to the previous swing, there was a struggle and price eventually breaks through...
Did you check the pa as price returned to your preferred price, around 92?
  • #2,505
  • Edited 9:36am May 15, 2012 9:12am | Edited 9:36am
Quoting xmzhang
Sold E/G
As expected BRN 8000 held price, I'am a bit confused though about price-action afterwards, this is what I perceive: price bounced from 8000 to pullback to a RBR-supply, when price broke 8000 the next target would be a minor demand just below, price ignored this came back spiked it and went down further, my final target would be @ 7965. Does this make sense ? could someone else share his/her view on this trade .........

Regards,
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Pipcrawler
  • #2,506
  • May 15, 2012 9:21am May 15, 2012 9:21am
Quoting xmzhang
As expected BRN 8000 held price, I'am a bit confused though about price-action afterwards, this is was I perceive: price bounced from 8000 to pullback to a RBR-supply, when price broke 8000 the next target would be a minor demand just below, price ignored this came back spiked it and went down further, my final target would be @ 7965. Does this make sense ? could someone else share his/her view on this trade .........

Regards,
My take is that your 1H chart helps to explain. Overall trend down suggesting supply overwhelming any demand. Bounce from supply was powerful. I would be biased in favor of shorts off supply areas. Certainly demand may be found on the way down and on the 1M chart one may find pips there but for me this has been elusive. Trading in direction of sentiment/trend.
  • #2,507
  • May 15, 2012 9:21am May 15, 2012 9:21am
Quoting Ifmyante
Did you check the pa as price returned to your preferred price, around 92?

Hi If,

Do you mean when price returned weeks later? If so, it looks like price compressed somewhat as it approached but the reaction to the level was a bull flag, which would be a warning sign to pull out of any short...
  • #2,508
  • May 15, 2012 10:01am May 15, 2012 10:01am
Quoting hometrading
Hi naughty, here is my point of view.

Hi HT, that makes alot of sense, thanks for the help!
  • #2,509
  • Edited 1:35pm May 15, 2012 12:07pm | Edited 1:35pm
My attempt at analysing If's USD/CAD trade from today he posted in PIE.

I do have some issues on identifying the reasoning for his second sell so feel free to contribute.

My apologies on the charts being a little messy but there was a hell of a lot to analyse and I probably forgot something as well.

EDIT: fixed the shitty chart colors
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  • #2,510
  • Edited 2:10pm May 15, 2012 1:42pm | Edited 2:10pm
Quoting ppvp
My attempt at analysing If's USD/CAD trade from today he posted in PIE.

I do have some issues on identifying the reasoning for his second sell so feel free to contribute.

My apologies on the charts being a little messy but there was a hell of a lot to analyse and I probably forgot something as well.
looks very good

my 2$ on if second entry
edit: sry 2 charts wasn't uploaded, correct now
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Sometime the horizon disappear. Twitter: @_whiteout
  • #2,511
  • May 15, 2012 1:49pm May 15, 2012 1:49pm
Quoting whiteout
looks very good

my 2$ on if second entry
I completely agree on that supply you marked out but on a 5 minute that supply turned demand looks a bit bigger. But in general I completely agree with what you marked out.

Also to make it easier to understand

http://www.forexfactory.com/showthread.php?p=5669630#post5669630

This is the trade I was trying to analyze.
  • #2,512
  • May 15, 2012 2:11pm May 15, 2012 2:11pm
Quoting ppvp
I completely agree on that supply you marked out but on a 5 minute that supply turned demand looks a bit bigger. But in general I completely agree with what you marked out.

Also to make it easier to understand

http://www.forexfactory.com/showthread.php?p=5669630#post5669630

This is the trade I was trying to analyze.
sry 2nd chart wasn't uploades, correct now
Sometime the horizon disappear. Twitter: @_whiteout
  • #2,513
  • May 15, 2012 3:01pm May 15, 2012 3:01pm
Quoting ppvp
Hey.

This is what I can make of this. Hopefully a senior member will shed some light on it as well.
Quoting beebolbod
spot on i reckons. Also remember the approach.
Thank you!
  • #2,514
  • May 15, 2012 3:14pm May 15, 2012 3:14pm
Quoting ppvp
My attempt at analysing If's USD/CAD trade from today he posted in PIE.

I do have some issues on identifying the reasoning for his second sell so feel free to contribute.

My apologies on the charts being a little messy but there was a hell of a lot to analyse and I probably forgot something as well.

EDIT: fixed the shitty chart colors
The second sell went in because on m30 price hadn't moved from too expensive to the last too cheap decision. Nice and easy
  • #2,515
  • May 15, 2012 4:07pm May 15, 2012 4:07pm
I was mapping out correlations on my charts today and noticed that they are different depending on TF.
So, what correlations should i take note of ideally? H1, D1 or m5? I dont really understand how they can be different across TF and i'm leaning towards the D1 correlations right now.
  • #2,516
  • May 15, 2012 4:13pm May 15, 2012 4:13pm
Quoting beebolbod
I was mapping out correlations on my charts today and noticed that they are different depending on TF.
So, what correlations should i take note of ideally? H1, D1 or m5? I dont really understand how they can be different across TF and i'm leaning towards the D1 correlations right now.
Don't worry too much about TFs for correlations

Instead, read through Red's posts regarding DX and UJ Phasing

Learn to spot which pairs you should watch at SD and inversely at DS, for better odds of trades running
  • #2,517
  • May 15, 2012 4:21pm May 15, 2012 4:21pm
Quoting beebolbod
I was mapping out correlations on my charts today and noticed that they are different depending on TF.
So, what correlations should i take note of ideally? H1, D1 or m5? I dont really understand how they can be different across TF and i'm leaning towards the D1 correlations right now.
I have most of Red's quotes saved up so this might help you or someone else for that matter.

"loony inverse to cadjpy, aud, kiwi and s&p
watch cable, eu and EG together
watch complexes such as EURNZD, GBPAUD, GBPCAD, EURAUD as their S/D zones give you insight to furture moves
UJ the market maker of fx, always watch uj alongside DX, make sure its moving either with dollar influence or YEN influence, this impacts everything in FX
metals, must watch slv and gold together, when gold is @ supply or demand, make sure slv is too, same goes for aud and kiwi
so, if aud @ demand and so is kiwi, check LOONY IS @ SUPPLY and CADJPY @ demand, glance @ s&p check its also @ demand"


"when BOJ weaken yen the other market makers weaken the dollar @ the exact same period - this is done to screw all retail in every direction
most traders think when uj rallies its dollar strength - thats not always the case - how to tell is looking at dx
if uj rallies and dx rallies then its dollar strength
if uj rallies and dx drops the makers have weakened yen and weakened dollar which is very confusing to retail"
  • #2,518
  • May 15, 2012 4:28pm May 15, 2012 4:28pm
Quoting ppvp
I have most of Red's quotes saved up so this might help you or someone else for that matter.

"loony inverse to cadjpy, aud, kiwi and s&p
watch cable, eu and EG together
watch complexes such as EURNZD, GBPAUD, GBPCAD, EURAUD as their S/D zones give you insight to furture moves
UJ the market maker of fx, always watch uj alongside DX, make sure its moving either with dollar influence or YEN influence, this impacts everything in FX
metals, must watch slv and gold together, when gold is @ supply or demand, make sure slv is too, same goes for...
Thanks so much for pasting that, P

Everybody - put this on your walls!
  • #2,519
  • May 15, 2012 5:20pm May 15, 2012 5:20pm
Quoting ppvp
I have most of Red's quotes saved up so this might help you or someone else for that matter.

"loony inverse to cadjpy, aud, kiwi and s&p
watch cable, eu and EG together
watch complexes such as EURNZD, GBPAUD, GBPCAD, EURAUD as their S/D zones give you insight to furture moves
UJ the market maker of fx, always watch uj alongside DX, make sure its moving either with dollar influence or YEN influence, this impacts everything in FX
metals, must watch slv and gold together, when gold is @ supply or demand, make sure slv is too, same goes for...
Printing as we speak. Thanks so much. Id seen that and forgot all about it.
Does anyone know an mt4 broker who does s&p and dollar index? Neither of mine do and i hate the java ones.
  • #2,520
  • May 15, 2012 5:26pm May 15, 2012 5:26pm
Quoting beebolbod
Printing as we speak. Thanks so much. Id seen that and forgot all about it.
Does anyone know an mt4 broker who does s&p and dollar index? Neither of mine do and i hate the java ones.
Admiral Markets has everything. DX, EURX, S&P etc.
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