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  • #2,681
  • May 19, 2012 3:51am May 19, 2012 3:51am
Quoting kruger
An interesting situation on GU - defense of yesterday low
Actually price hit supply from a decision point way back @ march 16, on the 1H-TF there was a nice PA-entry via a 1H-PB
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Pipcrawler
  • #2,682
  • May 19, 2012 3:57am May 19, 2012 3:57am
Quoting xmzhang
Actually price hit supply from a decision point way back @ march 16, on the 1H-TF there was a nice PA-entry via a 1H-PB
Nice spotting.

What software is that you are using for charts?
  • #2,683
  • May 19, 2012 4:00am May 19, 2012 4:00am
Quoting Ifmyante
Was an Ozzie afternoon for me

Done for the week now

Have a great weekend all
Good afternoon IFy, few questions about your beautifull Ozzie trade; your exit from your 1st sell was that because of a FTB to a broken flag ? And your exit from your 1st long was that because of supply from a broken flag now acting as demand ?

Regards,
Pipcrawler
  • #2,684
  • May 19, 2012 4:06am May 19, 2012 4:06am
Quoting Tyoon
Nice spotting.

What software is that you are using for charts?
Thanx, I use the tradingplatform from my spreadbetting company IG-index, it's called PureDeal
Pipcrawler
  • #2,685
  • May 19, 2012 4:14am May 19, 2012 4:14am
Looking in hindsight at Loonie, 2 nice TL-break trades
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Pipcrawler
  • #2,686
  • May 19, 2012 5:25am May 19, 2012 5:25am
Almost everything on the chart is connected. The base of it all is of course the supply and demand dynamic. Supply and demand can be the cause and create SR levels. Have seen this frequently. Here is one example.

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  • #2,687
  • Edited 6:56am May 19, 2012 6:25am | Edited 6:56am
Quoting xmzhang
Good afternoon IFy, few questions about your beautifull Ozzie trade; your exit from your 1st sell was that because of a FTB to a broken flag ? And your exit from your 1st long was that because of supply from a broken flag now acting as demand ?

Regards,
See if this helps you decipher the decision making process

You may want to expand it on your own charts to get a better view
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  • #2,688
  • May 19, 2012 6:29am May 19, 2012 6:29am
"Any pair, any TF" was in mind. A retrospective play with EN daily showing some supply and demand dynamics with lil bit of PA observation.

Also, some weekend meandering.. I like this one..

A philosopher went into a closet for ten years to contemplate the question, What is life? When he came out, he went into the street and met an old colleague, who asked him where in heaven's name he had been all those years.

"In a closet," he repied. "I wanted to know what life really is."

"And have you found an answer?"

"Yes," he replied. "I think it can best be expressed by saying that life is like a bridge."

"That's all well and good," replied the colleage, "but can you be a little more explicit? Can you tell me how life is like a bridge?"

"Oh," replied the philosopher after some thought, "maybe you're right; perhaps life is not like a bridge."

..
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  • #2,689
  • May 19, 2012 6:32am May 19, 2012 6:32am
Quoting xmzhang
Actually price hit supply from a decision point way back @ march 16, on the 1H-TF there was a nice PA-entry via a 1H-PB
Of course you're right but I had something else in mind:
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,690
  • May 19, 2012 6:36am May 19, 2012 6:36am
Quoting Tyoon
"Any pair, any TF" was in mind. A retrospective play with EN daily showing some supply and demand dynamics with lil bit of PA observation.

Also, some weekend meandering.. I like this one..

A philosopher went into a closet for ten years to contemplate the question, What is life? When he came out, he went into the street and met an old colleague, who asked him where in heaven's name he had been all those years.

"In a closet," he repied. "I wanted to know what life really is."

"And have you found an answer?"

"Yes," he replied....
Brilliant! I love that story

and well done BTW, in bringing the kink into focus. We tend to take it for granted that everyone sees its significance, but you're right - many may not have noticed same before
  • #2,691
  • May 19, 2012 6:44am May 19, 2012 6:44am
I'm reminded of an old Zen story which can be modernised and paraphrased, and relates very well to learning to trade -

"When I was younger I'd see mountains and rivers and all I would see were mountains and rivers. Then I began to study and I could see them as the wonders of geology, thermodynamics, quantum and astrophysics that they really are!
Now I'm older and a little wiser, and when I see the mountains and rivers, all I see are mountains and rivers".
  • #2,692
  • May 19, 2012 6:49am May 19, 2012 6:49am
Quoting kruger
Of course you're right but I had something else in mind:
Additional thoughts on that level..

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  • #2,693
  • May 19, 2012 6:54am May 19, 2012 6:54am
Quoting Tyoon
Additional thoughts on that level..
Quoting Tyoon
"Any pair, any TF" was in mind. A retrospective play with EN daily showing some supply and demand dynamics with lil bit of PA observation.

Great work T.
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #2,694
  • May 19, 2012 6:57am May 19, 2012 6:57am
Quoting Ifmyante
"When I was younger I'd see mountains and rivers and all I would see were mountains and rivers. Then I began to study and I could see them as the wonders of geology, thermodynamics, quantum and astrophysics that they really are!
Now I'm older and a little wiser, and when I see the mountains and rivers, all I see are mountains and rivers".
That is awesome IF. I'll try and remember that one.

Quoting kruger
Great work T.
These charts helped change the way I see the market and part of the reason why I have become obsessed with swaps, symmetry, etc.

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  • #2,695
  • May 19, 2012 7:19am May 19, 2012 7:19am
Quoting kruger
Of course you're right but I had something else in mind:
All right, sorry about that, now I see what you had in mind
Pipcrawler
  • #2,696
  • May 19, 2012 8:06am May 19, 2012 8:06am
Here, if you get bored.. find 3 or more differences in the PA of these two similar reactions and explain what the differences may suggest.

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  • #2,697
  • May 19, 2012 8:16am May 19, 2012 8:16am
Quoting Tyoon
Here, if you get bored.. find 3 or more differences in the PA of these two similar reactions and explain what the differences may suggest.

..
Very clever training method. Nicely done
  • #2,698
  • May 19, 2012 9:42am May 19, 2012 9:42am
Quoting Ifmyante
I'm reminded of an old Zen story which can be modernised and paraphrased, and relates very well to learning to trade -

"When I was younger I'd see mountains and rivers and all I would see were mountains and rivers. Then I began to study and I could see them as the wonders of geology, thermodynamics, quantum and astrophysics that they really are!
Now I'm older and a little wiser, and when I see the mountains and rivers, all I see are mountains and rivers".
Your wisdom is very inspirational. Thanks IF
  • #2,699
  • May 19, 2012 11:26am May 19, 2012 11:26am
since we're talking zen stuff and philosophers:

i've got a copy of a translation of
http://en.wikipedia.org/wiki/The_Art_of_War

The ancient wisdom is still applicable :nerd:

a few chapters of interest and my translation to trading:

Laying Plans => trading plan, calculate R:R, MM
Tactical Dispositions => importance of previous S/D zones
Energy => momentum of a move
Illusion and Reality => stay sharp and in sync
Variation in Tactics => how to respond to certain PA(cp, flag, QM,DBR, RBD)
The Army on the March => read price, how is it moving
Terrain => spotting important levels and distance

it's a fun weekend read
  • #2,700
  • May 19, 2012 11:29am May 19, 2012 11:29am
Quoting MitchWorse
since we're talking zen stuff and philosophers:

i've got a copy of a translation of
http://en.wikipedia.org/wiki/The_Art_of_War

The ancient wisdom is still applicable :nerd:

a few chapters of interest and my translation to trading:

Laying Plans => trading plan, calculate R:R, MM
Tactical Dispositions => importance of previous S/D zones
Energy => momentum of a move
Illusion and Reality => stay sharp and in sync
Variation in Tactics => how to respond to certain PA(cp, flag, QM,DBR, RBD)
[b]The...

Nice post, I've got this book somewhere, will have to dig it out. Amazing how it can be applied to so many different aspects of life.
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