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Fozzy Chat Room 7 replies

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Price is Everything Chat Room

  • #3,001
  • Jun 9, 2012 4:17pm Jun 9, 2012 4:17pm
Here is some analysis of ozzy on a 1 min chart, would love any feedback...
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  • #3,002
  • Jun 10, 2012 2:34am Jun 10, 2012 2:34am
Quoting NaughtyPip
Here is some analysis of ozzy on a 1 min chart, would love any feedback...
I like the analysis very much, thank you! Just regarding your very first supply level: I personally would have drawn the level a bit wider - to the point from which the price dropped hard. Then you see that PA respected the level - the pin touched it to the pip.

Les_Paul

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  • #3,003
  • Jun 10, 2012 4:25pm Jun 10, 2012 4:25pm
tt
  • #3,004
  • Jun 11, 2012 12:17am Jun 11, 2012 12:17am
A few GU trades: opened on the basis of the confluence of H1 demand, PPZ and TL. Opened perhaps a bit early, I have to work hard on it. Fourth trade still running - TG H4 supply.

LP

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  • #3,005
  • Jun 11, 2012 5:37am Jun 11, 2012 5:37am
Quoting Les_Paul
A few GU trades: opened on the basis of the confluence of H1 demand, PPZ and TL. Opened perhaps a bit early, I have to work hard on it. Fourth trade still running - TG H4 supply.

LP

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All's well that ends well LP


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  • #3,006
  • Jun 11, 2012 6:34am Jun 11, 2012 6:34am
A lot of gap even in the futures market. gap + pa + location [look left] = money in the bank, love this stuff.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #3,007
  • Jun 12, 2012 2:23am Jun 12, 2012 2:23am
lets see if it hits the tg.
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Sniffing Snake's Tracks...
  • #3,008
  • Jun 12, 2012 2:40am Jun 12, 2012 2:40am
Quoting FX.Sniffer
lets see if it hits the tg.

Fx,

Nice trade!
  • #3,009
  • Jun 12, 2012 2:56am Jun 12, 2012 2:56am
Quoting @mel
Fx,

Nice trade!
Thanks Mel..but I don't like the current price behavior
Sniffing Snake's Tracks...
  • #3,010
  • Edited 3:22am Jun 12, 2012 3:13am | Edited 3:22am
bought gold...1st tg @ 1st supply zone and 2nd tg @ 2nd supply zone
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Sniffing Snake's Tracks...
  • #3,011
  • Jun 12, 2012 6:21am Jun 12, 2012 6:21am
This is a GU long trade I just closed. The reason for opening the trade was a trendline + news which was actually pretty bad. But the price had been dropping before so the big boys wanted crowd to start short positions so that they could buy cheap from them. Price drop + bad news - that's a pretty strong impulse to go short if you don't know how big boys operate.

I planned to close at the upper trndline but the price was basing just below and spiked up with wicks = supply consumption. This indicated that price will want to break the trendline and it did.

I closed the trade at failure of bullish flag. I was too soon as usual - price is going north again. I have to work hard on my trade management - I suck at it!

LP

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  • #3,012
  • Jun 12, 2012 9:35am Jun 12, 2012 9:35am
Quoting FX.Sniffer
bought gold...1st tg @ 1st supply zone and 2nd tg @ 2nd supply zone
Got stopped out at my SL, then re-entered with two buy orders...1st order hit its TG @ 1606.00, and 2nd still aiming for TG @ 1625.00

its one of these boring days.
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Sniffing Snake's Tracks...
  • #3,013
  • Edited 10:25am Jun 12, 2012 10:00am | Edited 10:25am
Quoting FX.Sniffer
lets see if it hits the tg.
not an easy day...after 40 & 60 pips profit price dropped back into demand, is it a trap or a consumption!! Anyway, I moved my SL below the demand zone and will be babysitting this trade.
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Sniffing Snake's Tracks...
  • #3,014
  • Jun 12, 2012 10:26am Jun 12, 2012 10:26am
Quoting FX.Sniffer
not an easy day...after 40 & 60 pips profit price dropped back into demand, is it a trap or a consumption!! Anyway, I moved my SL below the demand zone and will be babysitting this trade.
it's even a very nice SFP patern, nice trade.
Sometime the horizon disappear. Twitter: @_whiteout
  • #3,015
  • Jun 12, 2012 11:11am Jun 12, 2012 11:11am
Quoting whiteout
SFP patern
Never heard of that one. What is a SFP pattern?
  • #3,016
  • Jun 12, 2012 11:29am Jun 12, 2012 11:29am
Quoting Tyoon
Never heard of that one. What is a SFP pattern?
Thanks WO. The SFP in here (http://www.forexfactory.com/showthread.php?t=287794&highlight=Sfp) and I don't know much about it.
Sniffing Snake's Tracks...
  • #3,017
  • Jun 12, 2012 11:50am Jun 12, 2012 11:50am
Quoting Tyoon
Never heard of that one. What is a SFP pattern?
Quoting FX.Sniffer
Thanks WO. The SFP in here (http://www.forexfactory.com/showthread.php?t=287794&highlight=Sfp) and I don't know much about it.
Yes, in the Fail better treadh (http://www.forexfactory.com/showthread.php?t=287794) you will find more info; imho it's a grat pattern used properly.

i have made this (https://rapidshare.com/files/2471772659/SPF_PATTERN.pdf) some time ago for myself, it contain the basic info on the pattern and a useful discussion about it.
obviously all the credit for this goes to the wizard / tom.
Sometime the horizon disappear. Twitter: @_whiteout
  • #3,018
  • Edited 1:36pm Jun 12, 2012 1:25pm | Edited 1:36pm
Quoting whiteout
imho it's a grat pattern used properly.
Great, thanks for sharing. The pattern makes good sense.

btw .. can't wait until the innovation of the new community commences. Get ready peeps, we are going to shift things to the next level. Our PA trading will be insane by any measure.

http://2.bp.blogspot.com/-KFRU9twd-c.../hurricane.jpg
  • #3,019
  • Jun 12, 2012 2:09pm Jun 12, 2012 2:09pm
Quoting whiteout
Yes, in the Fail better treadh (http://www.forexfactory.com/showthread.php?t=287794) you will find more info; imho it's a grat pattern used properly.

i have made this (https://rapidshare.com/files/2471772659/SPF_PATTERN.pdf) some time ago for myself, it contain the basic info on the pattern and a useful discussion about it.
obviously all the credit for this goes to the wizard / tom.
Thanks for sharing that WO

It may help remind people that a trade isn't dead until the zone you're trading from is broken
  • #3,020
  • Jun 12, 2012 2:14pm Jun 12, 2012 2:14pm
Quoting Ifmyante
Thanks for sharing that WO

It may help remind people that a trade isn't dead until the zone you're trading from is broken
This. This. This. And more This. Not sure this can be iterated enough. Everything in-between is JUST CHOP.
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