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Price is Everything Chat Room

  • #3,401
  • Jul 5, 2012 10:16am Jul 5, 2012 10:16am
Quoting Rsherl01
IF,

looking at that supply zone was a great catch to the very pip but to clarify are you calling the doji enough to go short as supply?

I realize it was an indecision candle but if you look at it in H1 format the only decision i would feel comfortable with is the one above at the 1.04 area.

I see nothing at the 1.0330 area at all.

Attachment
for me the decision to break the low was much lower down

I'll chart it later
  • #3,402
  • Jul 5, 2012 12:38pm Jul 5, 2012 12:38pm
Quoting Tyoon
If the low of range is broken it is very possible to see the source of the rally.
Price broke the low of the range, filled supply and went to source of the rally. Getting a post-london bounce from demand now.

GU gave a lot of helpful SRs for today.

..
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  • #3,403
  • Jul 5, 2012 3:29pm Jul 5, 2012 3:29pm
Quoting jamesb007
Here is what i did.
Hi james, you might find some answers in my previous posts about the eur... also i commented on your chart and IF or any of the experienced traders in here could correct me if I'm wrong.
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Sniffing Snake's Tracks...
  • #3,404
  • Jul 5, 2012 3:34pm Jul 5, 2012 3:34pm
playing with chart...
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Sniffing Snake's Tracks...
  • #3,405
  • Jul 5, 2012 3:47pm Jul 5, 2012 3:47pm
Quoting FX.Sniffer
playing with chart...
Be mindful of 1.2313-232-2335
  • #3,406
  • Jul 5, 2012 4:14pm Jul 5, 2012 4:14pm
Quoting Tyoon
Be mindful of 1.2313-232-2335
Hey Tyoon, 1.2335 at the upper edge of the demand zone, 2320 & 2313 both are inside the zone (three grey horizontal lines on chart).
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Sniffing Snake's Tracks...
  • #3,407
  • Jul 5, 2012 4:20pm Jul 5, 2012 4:20pm
Quoting FX.Sniffer
Hey Tyoon, 1.2335 at the upper edge of the demand zone, 2320 & 2313 both are inside the zone (three grey horizontal lines on chart).
Yup, that and check your weekly chart and scroll to the left a bit.
  • #3,408
  • Jul 5, 2012 4:21pm Jul 5, 2012 4:21pm
Quoting Ifmyante
Here ya go
Thanx for your reply, but I still don't get it, if I scroll down to the 1H-TF then I would expect a pullback somewhat higher where we see a great engulfing bar. when looking in the 1H-TF at that daily indecision bar of may 2nd, I don't see any important decision points where price could pullback to.
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Pipcrawler
  • #3,409
  • Jul 5, 2012 4:24pm Jul 5, 2012 4:24pm
Hi FxSniper, I had no reason to long the pair today. I just was fighting against the market. If I had a reason to long i should have done a better job with risk management, by not going long multiple times like I did. That is my biggest problem, taking a bias and sticking to it and not following price. I am fighting that bad habit. I look at the daily chart I saw supply zone arount 1.30 and just, stick that to my head and had long bias, not very smart. Thanks for commenting on my chart. You are completely right, price never showed me any signs that it was going to bounce from the levels i had. Thanks
  • #3,410
  • Jul 5, 2012 4:30pm Jul 5, 2012 4:30pm
Quoting Tyoon
Yup, that and check your weekly chart and scroll to the left a bit.
PPZ & H&S.
Sniffing Snake's Tracks...
  • #3,411
  • Jul 5, 2012 4:34pm Jul 5, 2012 4:34pm
Quoting FX.Sniffer
PPZ & H&S.
1.266 is a hard resistance on weekly (check line chart for clarity). So these bullish levels have some tough pressure upon them.
  • #3,412
  • Jul 5, 2012 4:34pm Jul 5, 2012 4:34pm
Quoting jamesb007
Hi FxSniper, I had no reason to long the pair today. I just was fighting against the market.Thanks
you're welcome James, and we've all been there but I assure you S&D will fix you.
Sniffing Snake's Tracks...
  • #3,413
  • Jul 5, 2012 4:51pm Jul 5, 2012 4:51pm
Quoting Tyoon
1.266 is a hard resistance on weekly (check line chart for clarity). So these bullish levels have some tough pressure upon them.
I thought you were talking about this...attached W chart, but yes 1.2660 is under my marked supply/TG.

Thanks buddy
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Sniffing Snake's Tracks...
  • #3,414
  • Jul 5, 2012 4:55pm Jul 5, 2012 4:55pm
Quoting FX.Sniffer
eur index at a decision level...rebound or a breakout!
eur and dollar indices...
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Sniffing Snake's Tracks...
  • #3,415
  • Jul 5, 2012 4:59pm Jul 5, 2012 4:59pm
Quoting FX.Sniffer
I thought you were talking about this...attached W chart, but yes 1.2660 is under my marked supply/TG.

Thanks buddy
Bullish and bearish.

..
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  • #3,416
  • Jul 5, 2012 5:18pm Jul 5, 2012 5:18pm
Quoting Tyoon
Bullish and bearish.

..
Yup we call them PPZ from j16 thread, and the last rebound from 1.2660 still fresh...so we'll see if it holds.
love your charts
Sniffing Snake's Tracks...
  • #3,417
  • Edited 8:58pm Jul 5, 2012 8:46pm | Edited 8:58pm
Quoting Ifmyante
for me the decision to break the low was much lower down

I'll chart it later
I'll give it a go, would love to hear what you think of it (good homework)
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  • #3,418
  • Jul 5, 2012 8:58pm Jul 5, 2012 8:58pm
Quoting hometrading
I'll give it a got, would love to hear what you think of it (good homework)
Updated second chart
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  • #3,419
  • Jul 5, 2012 9:20pm Jul 5, 2012 9:20pm
Quoting Ifmyante
Approach should have stop signs too. Momentum was far too great here to try and catch it.

These moves can really hurt if you're relying solely on the zone
Hi IF,
What are the stop signs for Approach? I had thought that good momentum approaching into the zone is good - the stronger the hit, the stronger the rebound. No?

p/s: looking forward to the official launch of AG. Thks to u and team for putting it up
  • #3,420
  • Jul 6, 2012 12:36am Jul 6, 2012 12:36am
Watching a potential long scalp on AU and/or a short a bit higher up too
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- Look to the left, Trade to the right - I am the system
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