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  • #3,341
  • Jul 4, 2012 4:27am Jul 4, 2012 4:27am
Quoting Rsherl01
Sebastian/Kruger/Pedini,

The area you guys have marked at the 1.2520ish point. If you look back at how price went up through this level on the 1min it didnt even hesitate. No decision made just broke straight through. Would this not indicate that the buy orders are much lower say at the base of the rally approx 1.2450??

I know this is a fair distance from where we are now. I suppose my question is what characteristics make a good swap zone? Normally when I see these you can see a small bit of hesitation at the area where previous supply...
The reason I marked that area was also because areas of supply that aren't respected will often become potential demand on the next visit. Whilst there was a minor 'bump' there on 1 min, I basically have marked it because it didn't really get much of a reaction.

One of Ifmyantes videos talks about this Supply Demand flip zones. Well worth a look

Also, I didn't get that QM trade filled, my order was lower down below that big pole.
- Look to the left, Trade to the right - I am the system
  • #3,342
  • Jul 4, 2012 4:32am Jul 4, 2012 4:32am
Quoting Sebastiaan76
Also, I didn't get that QM trade filled, my order was lower down below that big pole.
It still can be filled for at least small scalp. I did not notice demands on LTFs in first place
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,343
  • Jul 4, 2012 4:42am Jul 4, 2012 4:42am
Quoting Tyoon
EU and GU are playing the SRs this morning.. DX is playing a pattern. Without looking into the charts too much it could be just as good to generally think where the buyers and sellers are, be it SD or SR. Where will the next move be (H/L)? Step.. by step. Levels are only levels, the movement between and through these levels could be far more important.

Just some food for thought about how one looks at the charts.

..
It surely looks good for USD shorts. That LL on your chart broke the structure of that bear flag. Lets see if we can get some follow up on GU.
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  • #3,344
  • Jul 4, 2012 5:20am Jul 4, 2012 5:20am
Quoting Greenhaze
It surely looks good for USD shorts. That LL on your chart broke the structure of that bear flag. Lets see if we can get some follow up on GU.
The level for the low of that 1h PB can be seen on the 15m. Can you see it?
  • #3,345
  • Jul 4, 2012 5:26am Jul 4, 2012 5:26am
Quoting Tyoon
The level for the low of that 1h PB can be seen on the 15m. Can you see it?
I can see the ppz on h1 but am not sure which m15 lvl you mean exactly.
  • #3,346
  • Jul 4, 2012 5:30am Jul 4, 2012 5:30am
Quoting Tyoon
EU and GU are playing the SRs this morning.. DX is playing a pattern. Without looking into the charts too much it could be just as good to generally think where the buyers and sellers are, be it SD or SR. Where will the next move be (H/L)? Step.. by step. Levels are only levels, the movement between and through these levels could be far more important.

Just some food for thought about how one looks at the charts.

..
Hey Tyoon,
Here is my view on the daily

We've just came out of a demand zone and its going up in a tight channel making it a flag.

The thing that makes me doubt is that this demand we've just touched wasnt able to make a higher high (purple line), so we might just get a push up till the previous flag.

Os.
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Trade Smart
  • #3,347
  • Jul 4, 2012 5:36am Jul 4, 2012 5:36am
Quoting Greenhaze
I can see the ppz on h1 but am not sure which m15 lvl you mean exactly.
Excuse me, it is probably best seen on 30m. The spike highs define a clear SR.

If this HL is not formed above the current L it is very possible price could fill the range today - to the downside.

..
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  • #3,348
  • Jul 4, 2012 5:37am Jul 4, 2012 5:37am
m1 QM worked out nicely
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,349
  • Jul 4, 2012 7:44am Jul 4, 2012 7:44am
Quoting Rsherl01
Sebastian/Kruger/Pedini,

The area you guys have marked at the 1.2520ish point. If you look back at how price went up through this level on the 1min it didnt even hesitate. No decision made just broke straight through. Would this not indicate that the buy orders are much lower say at the base of the rally approx 1.2450??

I know this is a fair distance from where we are now. I suppose my question is what characteristics make a good swap zone? Normally when I see these you can see a small bit of hesitation at the area where previous supply has...
Additionally to what Seb said, ~ 2520 has some very good history, having held price and swapped on many occasions.
Lets hope the market doesn't forget that this time around
  • #3,350
  • Jul 4, 2012 7:51am Jul 4, 2012 7:51am
It's really heartwarming to see you guys analysing price like this Each with valid arguments to make.

I look forward to us all reaching a consensus many many times, and ripping the market up

Together
  • #3,351
  • Jul 4, 2012 8:10am Jul 4, 2012 8:10am
Quoting Pedini89
Additionally to what Seb said, ~ 2520 has some very good history, having held price and swapped on many occasions.
Lets hope the market doesn't forget that this time around

Also looking at the hourly we have a swap level that goes from 1.2517 to 1.2506

Os.
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Trade Smart
  • #3,352
  • Jul 4, 2012 8:10am Jul 4, 2012 8:10am
Quoting Ifmyante
It's really heartwarming to see you guys analysing price like this Each with valid arguments to make.

I look forward to us all reaching a consensus many many times, and ripping the market up

Together
It's great IF. You have taught me so much in your threads. You are fantastic.
  • #3,353
  • Jul 4, 2012 8:14am Jul 4, 2012 8:14am
Quoting Osman
Also looking at the hourly we have a swap level that goes from 1.2517 to 1.2506

Os.
1.25157 is also the 61.8% fib retracement of the entire move. definitely an interesting zone to watch
- Look to the left, Trade to the right - I am the system
  • #3,354
  • Jul 4, 2012 8:14am Jul 4, 2012 8:14am
Quoting Pedini89
It's great IF. You have taught me so much in your threads. You are fantastic.
Nah, I've just posted some simple stuff I found.

It's YOUR investment of time that will make it work, and pay
  • #3,355
  • Edited 9:46am Jul 4, 2012 9:15am | Edited 9:46am
Quoting Venice
Update from Yesterday. Uptrend cycle now in place as by beating out the last supply level.
I threw a few buys in around 1.25550. The low of the zone appears to be holding for now, but this thing feels 'seller heavy' atm. Holiday as well in the states, so not getting to aggressive. Have a feeling I am going to needlessly pay the risk, but oh well... it's why we play the game.

Edit: attached chart.

Edit Edit: Stopped -20.
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  • #3,356
  • Jul 4, 2012 9:56am Jul 4, 2012 9:56am
Have no trade markers with my new broker, so you'll just have to take my word for this
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  • #3,357
  • Jul 4, 2012 10:33am Jul 4, 2012 10:33am
Quoting Ifmyante
Have no trade markers with my new broker, so you'll just have to take my word for this
snap but i was looking at m30. Only i screwed the entry and made the SL too tight so easy order wouldn't complete the deal (invalid stops), thereby giving me a few pips less than i'd like. 2nd sell is the recent 5m QM... again i got in late. A small break from trading and i'm like a ham fisted fool!!

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  • #3,358
  • Jul 4, 2012 10:36am Jul 4, 2012 10:36am
Quoting beebolbod
snap but i was looking at m30. Only i screwed the entry and made the SL too tight so easy order wouldn't complete the deal (invalid stops), thereby giving me a few pips less than i'd like. 2nd sell is the recent 5m QM... again i got in late. A small break from trading and i'm like a ham fisted fool!!

Attachment
Looks like you're doing fine. Good to see you back

Some thoughts within the trade:
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  • #3,359
  • Jul 4, 2012 10:54am Jul 4, 2012 10:54am
Please don't anybody misconstrue what I wrote -

The fact that shorts may be off absolutely does not mean that longs are on, and vice versa
  • #3,360
  • Jul 4, 2012 11:01am Jul 4, 2012 11:01am
Quoting Ifmyante
Looks like you're doing fine. Good to see you back

Some thoughts within the trade:
now that's the simplicity i like to see.... since coming back (having more time) i feel like i'm looking through frosted glass a bit. it's coming back slowly but there's no substitute for getting immersed in price again.
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