Price is Everything Chat Room | Page 163 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fozzy Chat Room 7 replies

Attachments: Price is Everything Chat Room
Exit Attachments

Price is Everything Chat Room

  • #3,241
  • Jun 28, 2012 7:50am Jun 28, 2012 7:50am
Quoting Ifmyante
Yup, busy as I've been, I'm still watching every post here, and am very impressed with what everybody has done with what we've shared. The Ace Community will allow all to take their trading careers to quite a few different levels - you'll see for yourselves very soon
Hi Ifmyante,

Glad to be joining the ranks again here in the legacy of Red.

As always, plenty to learn, plenty to teach. One thing that you will probably notice, is that my focal points are that of drilling the concepts of risk to reward over, and over, and over. This was always one of my biggest hurdles when starting to trade (as i'm sure many of people were too). It's why I iterate it so much. It is OK to take a loss, and losses are a needed expectation to your system!

Much Obliged and happy hunting!
~ V
  • #3,242
  • Jun 28, 2012 7:51am Jun 28, 2012 7:51am
Quoting NaughtyPip
Hi If,

Regarding the QM - can that really be labelled as a QM? The reason I ask this is because the left shoulder and the head are very small and the right shoulder is gigantic. If i change the timeframe to a 4hr and look at this then the left shoulder disappears. If we draw QM's in this manner then wouldn't that mean nearly any pattern could be a QM?

Cheers
I'm sorry I've never done a lesson an what I see a QM to be.

This I shall remedy before the week is out. Yes the QM is a price pattern, but knowing the meaning of it will help alot in spotting good ones

So watch this space
  • #3,243
  • Jun 28, 2012 8:07am Jun 28, 2012 8:07am
Quoting NaughtyPip
Hi If,

Regarding the QM - can that really be labelled as a QM? The reason I ask this is because the left shoulder and the head are very small and the right shoulder is gigantic. If i change the timeframe to a 4hr and look at this then the left shoulder disappears. If we draw QM's in this manner then wouldn't that mean nearly any pattern could be a QM?

Cheers
I always think qm in that way.
For me patterns - like candlestick - taken by itself are lagging indicator, a graphical rapresentation of what is alredy happened. My goal is to read them, if yoi can do that, you could understand why the fail why they have success.
[think about a "pinbar share" bar, could be a powerful rejection bar or a continuation bar..you have to understund the pa that are behind the pinbar].
A veryyyyyy long path.
Attached Image (click to enlarge)
Click to Enlarge Name: myqm.gif Size: 43 KB
Sometime the horizon disappear. Twitter: @_whiteout
  • #3,244
  • Jun 28, 2012 8:18am Jun 28, 2012 8:18am
Recent QM
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.jpg Size: 74 KB
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,245
  • Jun 28, 2012 8:35am Jun 28, 2012 8:35am
Quoting Sebastiaan76
IF, and all,
I missed this trade as I can never know when to actually pull the trigger!

I've marked up my chart with my comments on how I read what went on - would welcome any critique as to whether I've got the hang of it.

hopefully i can start doing this in realtime a bit better and having the confidence to pull the trigger!

Seb,

Because of such a strong move down and in the M1 chart you can see where the decision was made it was a good place to short. Only critism i had of the area was that there was a strong move just above it. But as you can see on my chart it worked to the exact pip. The PA after the touch was a very good indication to short to at least the 1.2430 area...

Attached Image (click to enlarge)
Click to Enlarge Name: june 28 eu 5min 2.gif Size: 19 KB
  • #3,246
  • Jun 28, 2012 8:57am Jun 28, 2012 8:57am
Quoting Venice
Hi Ifmyante,

Glad to be joining the ranks again here in the legacy of Red.
Always a pleasure to see you around, V

Do please hang around - there are lots of people here that will benefit greatly from your experience

Best

If
  • #3,247
  • Jun 28, 2012 10:14am Jun 28, 2012 10:14am
i sot stopped out on my aud from yesterday by 3 pips more than my sl to only see the market hitting my targets.was frustrating.
due to some issues i start my day very late today.
thats what on my radar.one of them is consumed ,either immediate demand below or supply above..will find out soon i guess...
updated s&p chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01gu.jpg Size: 160 KB
Click to Enlarge Name: 1.jpg Size: 125 KB
  • #3,248
  • Jun 28, 2012 2:42pm Jun 28, 2012 2:42pm
demand still holds...baeutiful shoot up throw what i believe is cp...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 129 KB
  • #3,249
  • Jun 28, 2012 3:07pm Jun 28, 2012 3:07pm
Quoting elliotrader
demand still holds...baeutiful shoot up throw what i believe is cp...
Ah yes, almost forgot about EP.. she did her thing I see.

Quoting Tyoon
Nice work mate. Just a chart with thoughts.. thinking mainly about the strength of the demand.

http://www.forexfactory.com/attachme...1&d=1340743617
Down and coming back up.

..
Attached Image (click to enlarge)
Click to Enlarge Name: epid.png Size: 41 KB
  • #3,250
  • Jun 28, 2012 5:47pm Jun 28, 2012 5:47pm
Quoting FX.Sniffer
hey traders..been off trading since last week and decided to take this long entry on gold for this week, so lets see how it goes.

ps. for more details visit AG site
and we have a loser -130pips
Attached Image (click to enlarge)
Click to Enlarge Name: Gold029.jpg Size: 97 KB
Sniffing Snake's Tracks...
  • #3,251
  • Jun 28, 2012 6:46pm Jun 28, 2012 6:46pm
Hi all,
interesting evening last night, and whilst I didn't walk away with all that many pips, i certainly ended up with more in my account than I started with.

One thing I found interesting was AU and where it decided to turn. This was a great example of SR flips and price re-testing NOT the actual price level SR, but the zone created during the decision to move lower past that level.

Ifmyante, in one of your videos you talk about this. Would this also be a good example?

See attached chart on 1 hour showing a key level& then 5min charts showing the zone where it broke & the subsequent reaction.

It explains why price didn't come exactly to the level and turned just before it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au-1hour.gif Size: 18 KB
Click to Enlarge Name: 5min zone and reaction.png Size: 58 KB
- Look to the left, Trade to the right - I am the system
  • #3,252
  • Jun 28, 2012 7:52pm Jun 28, 2012 7:52pm
Quoting Sebastiaan76
Hi all,
interesting evening last night, and whilst I didn't walk away with all that many pips, i certainly ended up with more in my account than I started with.

One thing I found interesting was AU and where it decided to turn. This was a great example of SR flips and price re-testing NOT the actual price level SR, but the zone created during the decision to move lower past that level.

Ifmyante, in one of your videos you talk about this. Would this also be a good example?

See attached chart on 1 hour showing a key level& then 5min charts...

Yup. That's a great example of what I was talking about - looking for where decisions were made, rather than just S/R to the pip
  • #3,253
  • Jun 28, 2012 9:01pm Jun 28, 2012 9:01pm
possible scalp ( short )on EU with ignored demand - let's see what happens when price reaches there

previous lower ignored demand levels had pretty good reactions.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-29jun.gif Size: 27 KB
- Look to the left, Trade to the right - I am the system
  • #3,254
  • Edited 10:28pm Jun 28, 2012 10:17pm | Edited 10:28pm
Just got back to my computer tonight. Looks like I got filled at some prestine levels. Gotta love the H4.

Anyone see what blew us up? Wasn't expecting this kind of a push.

Top of this current H4 wick visited minor supply zone (right below the gray supply zone box I marked, just didn't highlight it). Now the question is... does she want more? I'm totally down for a mutli day swing... but market may have other plans.

I have most of the H4 majors showing a reversal, save Cable... and it's trying awful hard right now.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 24 KB
  • #3,255
  • Jun 28, 2012 10:18pm Jun 28, 2012 10:18pm
Quick scalp for 14 pips in about 10 seconds.

this was seeing price rejecting from the exact same kind of example as the AUD charts I just put up in my previous post. The zone it hit was the Decision area of that SR spike. Again, not the SR level to the pip, but the Decision area.

Wish I was long from demand though!

I might leave it there for today, the EU summit is sure making some crazy things happen! While that trade was quite sound from a Supply/demand point of view, I think given the momentum it was probably on the riskier side ( hence the tight SL ). Still, show's the dynamics of Supply demand work, even in crazy market conditions - it all just happens much faster.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-29jun.gif Size: 16 KB
- Look to the left, Trade to the right - I am the system
  • #3,256
  • Jun 28, 2012 11:31pm Jun 28, 2012 11:31pm
personal issues keeping me away from my computer but looking at some charts now reveals how beautiful price travel btwn the zones.
i wish i was long on sp from demand as well. we are currently in an interesting area.can sellers >buyers now?
ill find out tmrw when i wake up.
updated charts:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 133 KB
Click to Enlarge Name: 01gu.jpg Size: 94 KB
  • #3,257
  • Jun 29, 2012 2:01am Jun 29, 2012 2:01am
Quoting Sebastiaan76
It explains why price didn't come exactly to the level and turned just before it.
Nice work.
  • #3,258
  • Jun 29, 2012 3:52am Jun 29, 2012 3:52am
Hi guys,

I hope everyone is doing fine.
I am watching EUR and this is what I am looking at... Will watch price at the potential area if price comes back there.

Mel
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4h 2.gif Size: 13 KB
Click to Enlarge Name: eu 4h.gif Size: 11 KB
Click to Enlarge Name: eu 1h.gif Size: 10 KB
Click to Enlarge Name: eu 5min.gif Size: 9 KB
  • #3,259
  • Jun 29, 2012 4:00am Jun 29, 2012 4:00am
Quoting @mel
Hi guys,

I hope everyone is doing fine.
I am watching EUR and this is what I am looking at... Will watch price at the potential area if price comes back there.

Mel
Watching the same.
Attached Image (click to enlarge)
Click to Enlarge Name: eurbiggerpic.gif Size: 37 KB
Sometime the horizon disappear. Twitter: @_whiteout
  • #3,260
  • Jun 29, 2012 4:07am Jun 29, 2012 4:07am
Quoting whiteout
Watching the same.

Hi White! Nice

The daily range has already been hit tho and it's the last trading day of the month, so I will be carefull with this one.

Cheers,
Mel
1 trader viewing now