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Price is Everything Chat Room

  • #3,421
  • Jul 6, 2012 2:28am Jul 6, 2012 2:28am
Quoting FX.Sniffer
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
Thanks. I wonder why J16 couldn't keep to the conventional name of SR.
  • #3,422
  • Jul 6, 2012 3:55am Jul 6, 2012 3:55am
missed that long setup - but now short. Looking for 20 or so
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- Look to the left, Trade to the right - I am the system
  • #3,423
  • Jul 6, 2012 4:13am Jul 6, 2012 4:13am
Quoting Sebastiaan76
Looking for 20 or so
A scalp here is good. I believe the big sellers will only jump on when price gets to their territory.

..
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  • #3,424
  • Jul 6, 2012 4:35am Jul 6, 2012 4:35am
Bailed for 13 at that previous demand.

Agree with you that the real move might not happen until it gets to 1.0300 - 1.03100+. Sovereign and RBA offers touted at those levels too.

Will set a few alerts and get about my Friday evening
- Look to the left, Trade to the right - I am the system
  • #3,425
  • Jul 6, 2012 4:57am Jul 6, 2012 4:57am
Quoting Tyoon
Thanks. I wonder why J16 couldn't keep to the conventional name of SR.
Just as Sam Seiden differentiated S&D from SR. PPZ or (Price Pivot Zone) is a flip zone in support & resistance.

Heres a few posts about it...

Quoting mbqb11
yes a PPZ is simply an "area" where there is a flip b/w support and resistance

These can be zones, and are often not one specific point. Often times they line up with other things such as round numbers

Posts that best explain it

http://www.forexfactory.com/showpost.php?p=1840240&postcount=9035

http://www.forexfactory.com/showpost.php?p=1840263&postcount=9037

http://www.forexfactory.com/showpost.php?p=1840284&postcount=9038

http://www.forexfactory.com/showpost.php?p=1840299&postcount=9040

http://www.forexfactory.com/showpost.php?p=1840318&postcount=9041

http://www.forexfactory.com/showpost.php?p=2168720&postcount=12722

Tips...
Sniffing Snake's Tracks...
  • #3,426
  • Jul 6, 2012 5:03am Jul 6, 2012 5:03am
Quoting Sebastiaan76
Bailed for 13 at that previous demand.

Agree with you that the real move might not happen until it gets to 1.0300 - 1.03100+. Sovereign and RBA offers touted at those levels too.

Will set a few alerts and get about my Friday evening
Well done Seb. Enjoy your Friday night, the real action won't start b4 10:30 pm AEST.
  • #3,427
  • Jul 6, 2012 5:13am Jul 6, 2012 5:13am
Quoting Fx7877
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?
Depending on the approached zone...if i may interfere until Ifmyante returns...I'd like to quote KennyZ on this discussion...

Quoting KennyZ
one more thing that applies to both entry types that check how price arrived into the zone.. was it like Cheetah or turtle.. remember the law of physic.. stronger you hit the ball against wall it'll bounce back with a similar force-stronger.. additional point here is that if the wall is not strong enough then ball will go through.. so try to read the price structure too..
Sniffing Snake's Tracks...
  • #3,428
  • Jul 6, 2012 5:39am Jul 6, 2012 5:39am
Quoting FX.Sniffer
Depending on the approached zone...if i may interfere until Ifmyante returns...I'd like to quote KennyZ on this discussion...
nice quote.... personally i prefer cp into a zone. Can be hard to pick the wall strong enough to slow serious momentum. The thing i always try to remember about big poles is that they almost always get filled again at some point.
  • #3,429
  • Jul 6, 2012 5:48am Jul 6, 2012 5:48am
Quoting FX.Sniffer
Goldy and sorry there is no SL for this one and TP is fixed at the marked up zone..for now.
The reason I didn't use a SL in above post is the higher supply zone (level on top of level) even though it had a +100pips prior to a -275pips DD, breaking risk management rules, still I've never been so relaxed with such a DD as currently I'm since learning the S&D/PIE.

Now, still aiming for my initial TG or maybe lower at the demand zone in confluence with trend line...or maybe I should stop thinking "Greed is Good" and close it at current price as long as all are winners . What do you think fellow traders???
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Sniffing Snake's Tracks...
  • #3,430
  • Jul 6, 2012 5:55am Jul 6, 2012 5:55am
Quoting beebolbod
nice quote.... personally i prefer cp into a zone.
what if CP is not clear to the eyes?

Quoting beebolbod
The thing i always try to remember about big poles is that they almost always get filled again at some point.
Agreed.
Sniffing Snake's Tracks...
  • #3,431
  • Jul 6, 2012 5:57am Jul 6, 2012 5:57am
Quoting FX.Sniffer
The reason I didn't use a SL in above post is the higher supply zone (level on top of level) even though it had a +100pips prior to a -275pips DD, breaking risk management rules, still I've never been so relaxed with such a DD as currently I'm since learning the S&D/PIE.

Now, still aiming for my initial TG or maybe lower at the demand zone in confluence with trend line...or maybe I should stop thinking "Greed is Good" and close it at current price as long as all are winners . What do you think fellow traders???
...

keep an eye on US Data coming after 2:30 hrs
  • #3,432
  • Jul 6, 2012 5:58am Jul 6, 2012 5:58am
Quoting FX.Sniffer
What do you think fellow traders???
Just my thoughts..

I would open up a fresh Gold chart without the trades being visible on it. I would then ask myself the question 'where is price coming from? and where is it going to? Where could it bounce? Could it retrace back up and where?'

Then I would open up the chart with the trades on and ask myself 'will i set multiple targets or keep my single TP?'
  • #3,433
  • Jul 6, 2012 5:58am Jul 6, 2012 5:58am
Quoting hometrading
I'll give it a go, would love to hear what you think of it (good homework)
You've saved me a bit of work there HT. Thanks for that
  • #3,434
  • Jul 6, 2012 6:00am Jul 6, 2012 6:00am
Quoting FX.Sniffer
Depending on the approached zone...if i may interfere until Ifmyante returns...I'd like to quote KennyZ on this discussion...
Re that quote:

Yes, a ball will bounce hard off a concrete wall

But sometimes it's a wrecking ball that hits it, breaking right through it.
A football loses momentum as it approaches the wall, but the wrecking ball accelerates.

Watch the approach to see what kind of ball it is
  • #3,435
  • Jul 6, 2012 6:03am Jul 6, 2012 6:03am
Quoting FX.Sniffer
The reason I didn't use a SL in above post is the higher supply zone (level on top of level) even though it had a +100pips prior to a -275pips DD, breaking risk management rules, still I've never been so relaxed with such a DD as currently I'm since learning the S&D/PIE.

Now, still aiming for my initial TG or maybe lower at the demand zone in confluence with trend line...or maybe I should stop thinking "Greed is Good" and close it at current price as long as all are winners . What do you think fellow traders???
Let winners run to ur target protected. Close 80% at trendline
  • #3,436
  • Jul 6, 2012 6:09am Jul 6, 2012 6:09am
Quoting Ifmyante
Re that quote:

Yes, a ball will bounce hard off a concrete wall

But sometimes it's a wrecking ball that hits it, breaking right through it.
A football loses momentum as it approaches the wall, but the wrecking ball accelerates.

Watch the approach to see what kind of ball it is
now, what kind of ball we r talking here.. a normal one.. titanium, steel, bubble balls, carrot, or somefing else...

btw, not sure if there r carrot balls..
  • #3,437
  • Jul 6, 2012 6:11am Jul 6, 2012 6:11am
Quoting KennyZ
now, what kind of ball we talking here.. a normal one.. titanium, steel, bubble balls, carrot, or somefing else...

btw, not sure if there r carrot balls..
  • #3,438
  • Jul 6, 2012 6:12am Jul 6, 2012 6:12am
Quoting KennyZ
now, what kind of ball we talking here.. a normal one.. titanium, steel, bubble balls, carrot, or somefing else...

btw, not sure if there r carrot balls..
BB balls ken. They bounce nicely.
  • #3,439
  • Jul 6, 2012 6:16am Jul 6, 2012 6:16am
Like those ?
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Hello.
  • #3,440
  • Jul 6, 2012 6:19am Jul 6, 2012 6:19am
Quoting emene
Like those ?
I would love to be the bloke that says 'I gOOgled her'.
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