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Price is Everything Chat Room

  • #2,761
  • May 22, 2012 8:12am May 22, 2012 8:12am
Speaking of compression. EU right now.
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  • #2,762
  • May 22, 2012 11:11am May 22, 2012 11:11am
TYOON AND WHITEOUT someone was telling me the best way to identify them is looking at bullish engulfing for demand and bearish engulfing for supply and also maybe inside bars followed by a big move up or down is that right i have looked at my charts for engulfing and mostly price always comes back at that level before shooting of again
  • #2,763
  • May 22, 2012 11:25am May 22, 2012 11:25am
Quoting tan123
TYOON AND WHITEOUT someone was telling me the best way to identify them is looking at bullish engulfing for demand and bearish engulfing for supply and also maybe inside bars followed by a big move up or down is that right i have looked at my charts for engulfing and mostly price always comes back at that level before shooting of again
Yep, that's one way of identifying supply and demand. Here is some examples from RED's charts.

http://www.forexfactory.com/attachme...6&d=1321824667

http://www.forexfactory.com/attachme...3&d=1319373593

http://www.forexfactory.com/attachme...0&d=1295461856

http://www.forexfactory.com/attachme...2&d=1302712423

Can you go through your charts and find a few examples like this? It's not necessary to turn off your candle wicks, however, it does make the it easier to see the candle bodies.
  • #2,764
  • May 22, 2012 11:32am May 22, 2012 11:32am
Thankyou so much tyoon I am seeing it all clearly I see them everywhere from 1 minute and up I am going to master this on demo before going live simple yet effective I really appreciate your help people were making it complicated for me before
  • #2,765
  • May 22, 2012 11:45am May 22, 2012 11:45am
Unless the level is 3/1 sam seiden won't take the trade it helps in picking the best levels and by sticking to a plan it stops you from taking to many
risky trades
  • #2,766
  • May 22, 2012 11:50am May 22, 2012 11:50am
Quoting uk4x
Unless the level is 3/1 sam seiden won't take the trade it helps in picking the best levels and by sticking to a plan it stops you from taking to many
risky trades
Of course, you will only want to pick the trades with the good RR ratios. But it all depends on your MM plan. You could only plan to make 1:1 trades leaving you to pretty much take any setup. On the other hand, you could look for a 1:20 RR making you filter out most setups to get the accurate entry on a swing.

There are no rules to making/loosing money in the market. Entry/exit and MM is all dependant on the trader.
  • #2,767
  • May 22, 2012 12:04pm May 22, 2012 12:04pm
Quoting Tyoon
Of course, you will only want to pick the trades with the good RR ratios. But it all depends on your MM plan. You could only plan to make 1:1 trades leaving you to pretty much take any setup. On the other hand, you could look for a 1:20 RR making you filter out most setups to get the accurate entry on a swing.

There are no rules to making/loosing money in the market. Entry/exit and MM is all dependant on the trader.
Yes that is true I just find that it helps me to cut down on picking levels that don't work out,I try to find real supply and demand levels in the market,like you say some people are happy to take 1/1 but I like to trade. Where the big orders are waiting,this is a great room to learn keep up all the good work
  • #2,768
  • May 22, 2012 12:15pm May 22, 2012 12:15pm
Quoting Tyoon
Of course, you will only want to pick the trades with the good RR ratios. But it all depends on your MM plan. You could only plan to make 1:1 trades leaving you to pretty much take any setup. On the other hand, you could look for a 1:20 RR making you filter out most setups to get the accurate entry on a swing.

There are no rules to making/loosing money in the market. Entry/exit and MM is all dependant on the trader.
Yes you are right some people are happy to take 1/1 trades,I just find that by sticking to a plan and only taking 3/1 min levels it stops me from picking levels that don't work out. I like to score out my trades before I enter them this stops me from over trading.this is a great room to learn keep up the good work
  • #2,769
  • May 22, 2012 1:01pm May 22, 2012 1:01pm
So how do I determine the r/r I mean how do I know it will double or triple my risk any easy way for that?
  • #2,770
  • May 22, 2012 1:04pm May 22, 2012 1:04pm
would u mind commenting on my trade as i want to know that my thoughts process was correct and not luck that was the reason for my successful trade.
since 30m demand has been touched several times i wanted to take a short trade and ride price down if indeed its all consumed.
so i went to LTF in order to find supply levels to place a short but also have minimum risk as you will only know for sure its consumed AFTER price brks throw.
my Q:
1-i took the trade from supply3 with a stop above it.should i had put my stop above supply 2 as its stucked supply?

2-is it ok to think that demand is consumed or should i wait for the break and than enter short? was my entry reasonable?
(i only risked 3 pips which seemed ok to me since my profit if indeed demand brks is much bigger. price CP below it.)

thank you very much for any input.
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  • #2,771
  • May 22, 2012 1:30pm May 22, 2012 1:30pm
Quoting elliotrader
1-i took the trade from supply3 with a stop above it.should i had put my stop above supply 2 as its stucked supply?

2-is it ok to think that demand is consumed or should i wait for the break and than enter short? was my entry reasonable?
(i only risked 3 pips which seemed ok to me since my profit if indeed demand brks is much bigger. price CP below it.)
I think that was a well thought out trade.

IMO:

/ The SL was in the right place

/ You were right to think demand was consumed. Look at the way price left demand and also how price moved back into demand. Can you show how price departure and arrival from demand suggested the break?

/ You entered on the supply before the break which is the less risky way compared to trading the break. If you were going to trade the break of a level you would usually want to trade the retest of demand turning to supply (swap). You do have to be quick on your feet at times though.
  • #2,772
  • May 22, 2012 1:46pm May 22, 2012 1:46pm
[quote=Tyoon;5690284]I think that was a well thought out trade.



Can you show how price departure and arrival from demand suggested the break?


thank you tyoon.
i have attached 30m chart with my comments.
if i may i got some new Q:

1-in the cp i marked below what is your thought on the demand level i marked in the box. i dont see it as touched therfor im thinking we might see price bounces even if just a little bit. im in no way saying to take a long but just trying to find points where price might have difficlties on the way down.
am i wrong ?should i just see the whole thing as compressed?

2-do you pay attention to time of the day?if indeed price brks throw i would love to add to my position but since its late in the day im not going to since im not sure i will get the follow throw im looking for.

thank you again for taking the time to response.
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  • #2,773
  • May 22, 2012 1:58pm May 22, 2012 1:58pm
Quoting elliotrader
thank you again for taking the time to response.
In previous post I was asking you on the 2m (your original chart) how the departure and arrival PA suggested break. There could be a lesson in there to learn from your success.

As for this 30m chart. I have a few questions on there in order to give my view.

The time of day.. it is an important subject (sessions) but it is not anything I am much knowledgeable about yet.

..
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  • #2,774
  • May 22, 2012 2:25pm May 22, 2012 2:25pm
Quoting elliotrader
would u mind commenting on my trade as i want to know that my thoughts process was correct and not luck that was the reason for my successful trade.
since 30m demand has been touched several times i wanted to take a short trade and ride price down if indeed its all consumed.
so i went to LTF in order to find supply levels to place a short but also have minimum risk as you will only know for sure its consumed AFTER price brks throw.
my Q:
1-i took the trade from supply3 with a stop above it.should i had put my stop above supply 2 as its stucked supply?...
classic Sho entry, small S + SR also above where you entered, flag from lower D (consuming it). good one
you need these to scalp in sync with the current move.
sometimes they can blow to your face but the answer is small SL (i say this to myself basically).
  • #2,775
  • May 22, 2012 2:34pm May 22, 2012 2:34pm
Quoting whiteout
Speaking of pdf, here is the first stable version of the first [hopefully not the last] issue of the red flag publishing; as you all know is about Compression.

major update: page of credit and resources[good link for newcomer on that page]/ new clean and helpful charts [hometrading]/ study on bc by tyoon.

probably i will add more in the future, but is a good start for a newcomer that wonna learn what is cp and how use it.

i you have ideas, charts that you think can be helpful, suggestion, or you find some bugs fell...
some people tells me that the link on .pdf was all broken...well don't ask me why [couse i don't know] but seems that FF don't like my .pdf* so if the link on your .pdf are broken too download from the external service, is the same version but it work [damn i have tried on 4 different pc and works on all of them].
sorry for the inconvenience.

*i suspect that the problem was in the fact that i have uploades and stored in ff attachment an older version [the beta] whit the same name.
Sometime the horizon disappear. Twitter: @_whiteout
  • #2,776
  • May 22, 2012 2:47pm May 22, 2012 2:47pm
the chart is the euro futures.
the line u added to my chart is the bottom of a RBR zone as can be seen on 4hr chart,so indeed we could see a bounce from there.(but we didnt).
as to the 2min chart i will get back to u on that as i would love to know if i get it right.
im just too busy with this current trade at the moment.(which is doing even better than i thought it will given the time of the day.)

thank you tyoon again and i hope you will be here later to respond to my 2min chart ill post later.
  • #2,777
  • May 22, 2012 3:48pm May 22, 2012 3:48pm
Quoting ppvp
Speaking of compression. EU right now.
I'm hoping you took advantage of it
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I got in on failed retest of the base in the befl. this one turned my day round as i missed some great gold action earlier which really upset me (i'll post my plan which never was in a while as it proves once again that PA is king - as if there was ever an doubt).
I must get rid of my family. So demanding.
  • #2,778
  • May 22, 2012 4:18pm May 22, 2012 4:18pm
PA is king.
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  • #2,779
  • May 22, 2012 7:49pm May 22, 2012 7:49pm
Quoting Tyoon
In previous post I was asking you on the 2m (your original chart) how the departure and arrival PA suggested break. There could be a lesson in there to learn from your success.

..
hi tyoon!!
my view on the 2 min chart.
please let me know if thats what u meant and open my eyes to what i might have missed.

p.s
really nice trade it turn to be.really happy since the Eureka moment accord and connected all the dots in my brain.
thank you to you all!

good night!!
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  • #2,780
  • May 22, 2012 8:29pm May 22, 2012 8:29pm
Quoting beebolbod
PA is king.
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Hi all,
How do we differentiate between upper rejection wicks (moving south soon) vs consuming supply (thereby continuing to move higher up)? Borrowing Bee's M5 chart in his earlier post, we won't know its rejection until it prints a lower high. Is entry on lower high the place to enter then?
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