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Price is everything

  • #28,661
  • Jun 13, 2012 9:36am Jun 13, 2012 9:36am
Quoting HiddenGap
[color=black][font=Verdana]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...
Seiden says...For demand look for higher time frame supply. If too close then don't take the smaller time frame demand and vice versa for supply. Also trends tend to change at higher time frame levels from the time frame you are pulling your trigger on. So a bounce off the daily demand, one should consider trading in the same direction off multiple lower time frame demand levels (what ever floats your boat or whichever set up looks best with your RR), such as h1, or M15 etc etc
  • #28,662
  • Edited 10:16am Jun 13, 2012 9:38am | Edited 10:16am
Quoting Venice
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.
Not compression but consumption given the larger swings towards the highs and more up-spikes to the highs on the last leg up. Watch for a possible breakout imo.
  • #28,663
  • Jun 13, 2012 10:24am Jun 13, 2012 10:24am
Quoting Porkpie
Not compression but consumption given the larger swings towards the highs and more up-spikes to the highs on the last leg up. Watch for a possible breakout imo.
Gauging compression has always been one of my weak spots. We definitely have momentum on our side again going back into this supply zone. Lets see where we end up.
  • #28,664
  • Jun 13, 2012 2:48pm Jun 13, 2012 2:48pm
Quoting Venice
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.
Grabbing a quick 50 off of this play. This is an H4 play and this is relatively small amount for the H4 chart. But, It's starting to look more ascending triangle'ish (albeit incredibly sloppy). A lot has to do with how the current area plays out now that we are down below again.

Won't play this again until it breaks down or breaks up and direction is clear again. With that being said, ascending/descending triangles seem to break down more often than continue through.
  • #28,665
  • Jun 15, 2012 4:12am Jun 15, 2012 4:12am
Quoting Porkpie
Not compression but consumption given the larger swings towards the highs and more up-spikes to the highs on the last leg up. Watch for a possible breakout imo.
I hope y'all caught the breakout.
  • #28,666
  • Jun 16, 2012 9:39am Jun 16, 2012 9:39am
Quoting bigwal
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
Just a quick update regarding Nzd Usd trade.

As you can see from original charts this trade was taken from Weekly Demand level. Almost forgot about it.....lol.... i should really move my stop up.

330 pips unrealised profit on Gbp/Aud
209 pips realised profit on Eur/Usd

My lifestyle has always been a busy one, so quite early on in trading i realised that i didnt have the time to sit and stare at a screen all day. In fact i didnt want to! Business and social events, family and me time is what i am into.

Red always said ANY TIMEFRAME. and it is true, supply and demand trading works very, very well, over and over again.

These htf may mean that i miss out on some trades in between, but i am truly comfortable with this. So very relaxed. I am at a state of equilibrium with my life and the market.

I often laughed when Red would go over to the more popular threads and tease them because they didnt have a clue, and there analysis was laughable at best. He would have me in fits when he use to have his drunken rants.

But his skill at absolutely raping the market at anytime would amaze me, time after time, charts before the fact, results after the fact (very rare indeed)

He displayed his charts on here for all to see, and not just one chart, multiple.
The guy took what he wanted and showed he could time after time. I dont think i have seen anyone else do that on FF. He led the way and many great traders were born, they have carried on with their own threads and tweaked methods to suit but all carry the same principle.

Anyone reading this thread current or past, you truly have been given a gift on a plate. It has changed my life and i feel more in control, like i make the rules.

I think this has spilled over from my trading.

A friend of mine, trades. He is my best friend, he has been saying that he doesnt have time to sit and watch the market so only now and then if the time comes up he does and then he does not look at the bigger picture.

These 4hr, daily, weekly charts have supply and demand areas. Errrrr, i would say he has time, so trade a time frame to suit your life style.

Play the game on your terms, not the market!

Who is in charge now ? could it be you ?

W
Attached Image(s) (click to enlarge)
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I need to finish something i started
  • #28,667
  • Jun 17, 2012 3:12am Jun 17, 2012 3:12am
Quoting bigwal
He displayed his charts on here for all to see, and not just one chart, multiple.
The guy took what he wanted and showed he could time after time. I dont think i have seen anyone else do that on FF. He led the way and many great traders were born, they have carried on with their own threads and tweaked methods to suit but all carry the same principle.

Anyone reading this thread current or past, you truly have been given a gift on a plate. It has changed my life and i feel more in control, like i make the rules.
Amen
Sniffing Snake's Tracks...
  • #28,668
  • Jun 17, 2012 8:53pm Jun 17, 2012 8:53pm
Quoting bigwal
Just a quick update regarding Nzd Usd trade.

As you can see from original charts this trade was taken from Weekly Demand level. Almost forgot about it.....lol.... i should really move my stop up.

330 pips unrealised profit on Gbp/Aud
209 pips realised profit on Eur/Usd

My lifestyle has always been a busy one, so quite early on in trading i realised that i didnt have the time to sit and stare at a screen all day. In fact i didnt want to! Business and social events, family and me time is what i am into.

Red always said ANY TIMEFRAME....
Swing for those bleachers. Very inspirational. Thanks for that update. Please post more when you can.

I almost closed everything before the close Friday, but these buying pressure zones being discussed in chat seemed to be a behavior pattern that might repeat. So I only closed most from upper trades. Fortunately, gapped at open again and hit tg on lowers. Better to be lucky than good.

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Charts are limited in nature. What is the relative location?
  • #28,669
  • Jun 18, 2012 2:54am Jun 18, 2012 2:54am
Hi, i hav marked out some demand zones for AU 1h, what do you guys think of it ? did i marked the wrong zone or missed any significant ones ?

Thanks

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  • #28,670
  • Jun 18, 2012 4:57am Jun 18, 2012 4:57am
Nice swing trade setting up. Compression into daily demand. Looking to enter at 2500 with a stop 2370 area, target 2800 area for a 2+r profit potential. Will try and squeeze the risk a little tighter off the H4.
  • #28,671
  • Jun 18, 2012 5:11pm Jun 18, 2012 5:11pm
I closed out my Nzd Usd trade, felt that the daily supply would cause a problem and to be honest i didnt want to give any pips back to the market.

Been all over the Eur/usd today. Selling heavy.

Here is a chart for an overnighter attached.

I have been testing out CCI, it seems to be working pretty well for me.

What do you guys think, has to be extremely over bought or oversold on good supply or demand areas. I have been using it on higher timeframes especially if there has been nice swings.

W
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 31 pips risk.gif Size: 22 KB
I need to finish something i started
  • #28,672
  • Jun 19, 2012 8:12am Jun 19, 2012 8:12am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 6-19-12 m1.gif Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 6-19-12 m5.gif Size: 39 KB
Charts are limited in nature. What is the relative location?
  • #28,673
  • Jun 19, 2012 10:18am Jun 19, 2012 10:18am
Quoting bigwal
I closed out my Nzd Usd trade, felt that the daily supply would cause a problem and to be honest i didnt want to give any pips back to the market.

Been all over the Eur/usd today. Selling heavy.

Here is a chart for an overnighter attached.

I have been testing out CCI, it seems to be working pretty well for me.

What do you guys think, has to be extremely over bought or oversold on good supply or demand areas. I have been using it on higher timeframes especially if there has been nice swings.

W

Mission accomplished,buy worked well

W
I need to finish something i started
  • #28,674
  • Jun 19, 2012 10:41am Jun 19, 2012 10:41am
Quoting HiddenGap
[color=black][font=Verdana]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...
Very intresting and helpful bud. Just was reading a book regarding time compression in the markets by Jason Jarokosky mentioned in it that price levels are really irrelevant when its time to turn it turns some say that it can be as accurate as minitue by minute rather than the usual hourly times such as London/NY opens and closes where high liquidity is expected.

What I have alot of difficulty is waiting for price to come near a confluence area to take the trade for price never to reach that area so miss the trade and others however I feel if I encorprate time relationships into my strategy whever price is I can take that trade knowing that a reversal is expected sooner or later e.g. 3.30-4.15am EST we know that London makes a reversal against the initial move Asia/London manipulation before a 2 hour run until in range trade for a reversal around 9am EST for NY.

Can you recommend me any time based systems?

Thanks.
Find your Favourite Pattern
  • #28,675
  • Jun 19, 2012 1:00pm Jun 19, 2012 1:00pm
finest article by sam seiden.


Inserted Code
http://lessons.tradingacademy.com/article/have-you-been-brainwashed/
  • #28,676
  • Jun 19, 2012 7:56pm Jun 19, 2012 7:56pm
Hello Tony,

I see you are still trading...I would like to speak with you. kindly contact me soonest.

Robert

Quoting redsword11
sold aud @ retest to days high @ 0.99964


manual stuff for now
  • #28,677
  • Jun 20, 2012 12:08am Jun 20, 2012 12:08am
Hmm all we need is the minimum price
very nice, good price..!
  • #28,678
  • Jun 20, 2012 2:19am Jun 20, 2012 2:19am
long CHF and short NZD from H4 demand/Supply
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  • #28,679
  • Jun 20, 2012 2:21am Jun 20, 2012 2:21am
Quoting jaimini
bought from H4 demand
nice trade, great entry
  • #28,680
  • Jun 20, 2012 4:16am Jun 20, 2012 4:16am
Quoting Ifmyante
Man, should've left this as set and forget, as I originally intended

Hi If,

That Spread indicator u got in ur charts is cool. Just wondering if you would share it, please?

Cheers, mate.

Frxter
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