Price is everything

Thanks IF! but bulls took me out - should have SL above S level.
Still, there is 1m S - will try to catch this one
edit: no luck today

No luck's better than bad luck

True, but what is this F word that I should use now?
Anyway - QM forming
edit: you know what...

Hi everybody.

I'm new to this thred. Great place to learn. Only beginning to learn. So much to read...

Question:

Should I see this as a QM and reconsider my bias?

Hi!

1. yes (but this you already know )
2. it depend on PA but today EU is very bearish

Euro bearish or was bearish... it has now bounced from H4 D top, H1 bullish engulf, Bullish QM on M15 I beleive it will reach somewhere in that green rectangle (it might also stall a bit before resuming north, USDx high today was at the origin of H4 bearish QM)

I would not take any shorts at this point, only on little tf, long from the bottom an monitoring.

Price CPing north on M15

http://screencast.com/t/9hMyZTeM

anything's possible

timing sucks but averaging in...

I have missed it here, i guess many things have changed!

I dont think at the time a really understood the power of what Red was sharing with us, i need to thank him for showing me the light.

1 simple act of kindness has changed my life!

I may share a chart or 2, it really is a case of believe what you see. Lol, times i see price react to supply or demand and do nothing, only to kick myself after.

Bigwal

bmac,

Bleachers, yeah, i am so busy doing what i want to do. I stopped spending lots of time staring at the screen, its just not me. I am not worried about missing all the little twists and turns in the market.

Just like life "Play it on your terms". When i stopped doing what other people wanted me to do and took control of my life. Everything changed.

I miss seeing Red on here, but things change. He would be hitting the markets right up to close on Friday night, sapping everything the market would give him. lol........great guy, to honest for his own good........some people didnt know how to take him.

I will check out the link you gave me , thank you.

Its nice to know although i am still learning, i can pull a good number of pips from the market from obvious areas. It really is quite simply, but emotions can spoil the whole show.

I will hang around and post when i can.

Warren

first time post my OP..
Im still learning how to be a Price Action trader... hiihi

http://i.imgur.com/2cZw3.png

I hope Hidden Gap is still about to answer...

Are they common reversal set-ups that occur over and over again every day at certain times? What I mean is that are they like 50-100 odd behavious during the London open where one could see another one identical and have a high probable trade than just seeing a good setup? E.g I seen an almost identical setup 2 1/2 weeks ago while in a bullish trend at this price and price is close again to it.

Also, is time more important than price action in your opinion?

may be he was drunk

some scalp during early London

Don't know if you ever look in ff anymore as i see you have'nt posted this year as yet, but i just wanted to say thankyou to you. You have so much influence on the right people. You've helped me so much. Thanks Red.

trying to trade with TL confluence...
cable long

great mind think alike
i am long too
but damn, i am used to pepperston razor low spread [spread + commission], every time i pull the trigger on fxpro i ll jump ff my seat seeing the effect of the spread.

Compression into supply, or just really shoddy PA? Will probably make the play around 50% of the supply zone, risk is the highs. IF it gets there of course.

When you ask this question, I assume you are thinking about price and time in the way Gann or Elliot might have thought about them. I haven't really looked into the Price/Time relationship from this point of view. Although, I am a fan of the "Cycle of Time". This basically is the number 19. 19 is made up of two numbers of completion: 7 and 12. If I used moving averages or some other indicator, I would start out by using one of those numbers and go from there. But ultimately, I find looking at Price and Time this way is interesting but irrelevant.

In keeping with the theme of this thread, I do think there are some important aspects of time to consider when using Supply/Demand Zones a la Sam S.

1. The number of Times price has entered a zone is very important. In fact many traders, including Sam himself, will only take trades on the first time price enters a zone. The more times price enters a zone the odd of a successful trade decrease. Why? Because each time price enters a zone it is consuming supply or demand depending on which type of zone we are talking about. As supply or demand is consumed each subsequent entry into the zone should by definition have less force behind it.


2. The amount of Time spent in a zone is important. The ideal situation is for price to enter the zone and reject out within the same interval or the very next interval. This is why Sam uses limit orders.

I am one of those who like to see set-up within my Supply/Demand Zones. These set-ups are usually multi-interval set-ups. Sam would say, that the greater the imbalance between supply and demand the quicker price should move out of the zone. So if price meanders within the zone for some time, the imbalance is not that great and any move out should not be expected to be that great either.

On an aside, Auction Market Theory would say the more time spent at a particular price, the more acceptance that conveys. I have not heard Sam mention AMT but I think he is thinking along the same lines here.

3. The other aspect of time would be the use of multiple timeframes. I do not believe this is necessary, so I won’t comment on it. Hopefully, the likes of BMAC or IF will..........