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Price is Everything Chat Room

  • #3,561
  • Jul 10, 2012 3:16am Jul 10, 2012 3:16am
Quoting Porkpie
Nice vid. I like the way the speaker divides trading into qualitative and quantitative, and the reason why traders go around in circles from method to method is due to not grasping the quantitative which cannot be taught - it has to be experienced.

Vid Here (http://www.youtube.com/watch?v=ew1L6SLpHgM&feature=player_embedded)
"I can't change all this orders everyday! It will take me 5 minutes!"

Very instructive vid.
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,562
  • Jul 10, 2012 3:21am Jul 10, 2012 3:21am
Guys,

Im sure this has came up before but has anyone got any information on the major forex pairs correlation/relationship to bonds,equities and commodities. Or can you guys point me in the right direction.

I know Sam Sieden uses the dollar index along with either the dow or S&P.
  • #3,563
  • Jul 10, 2012 3:25am Jul 10, 2012 3:25am
Quoting Rsherl01
Im sure this has came up before but has anyone got any information on the major forex pairs correlation/relationship to bonds,equities and commodities. Or can you guys point me in the right direction.
First place to start is studying risk appetite and aversion.
  • #3,564
  • Jul 10, 2012 5:24am Jul 10, 2012 5:24am
Quoting FX.Sniffer
and i preferred the ej...
Quoting FX.Sniffer
me too am monitoring my babies
closed eu (with profit) and ej (with loss) as both contradicts my other current trades and i need to focus on one direction.

However, I still believe eur will rise but not before another deeper retracement into demand.

So lets watch.
Attached Images
Sniffing Snake's Tracks...
  • #3,565
  • Jul 10, 2012 5:32am Jul 10, 2012 5:32am
EU short from M30 S
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 48 KB
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,566
  • Jul 10, 2012 5:35am Jul 10, 2012 5:35am
Any thoughts on the attached?

all comments welcome
Attached Image (click to enlarge)
Click to Enlarge Name: eu long.gif Size: 40 KB
- Look to the left, Trade to the right - I am the system
  • #3,567
  • Jul 10, 2012 6:06am Jul 10, 2012 6:06am
Quoting Tyoon
Be mindful of 1.2313-232-2335
2335 still remains the value that determines price being range or south-bound. If it breaks we could see source 237.

It seems the 1p range level above and below 232 (2319 and 2321) is the 'cap' for London.
  • #3,568
  • Jul 10, 2012 6:21am Jul 10, 2012 6:21am
Quoting Sebastiaan76
Any thoughts on the attached?

all comments welcome
for price to get straight there, it will need to engulf the demand directly to the left, which may become S

I'd rather buy the inv qm much lower down, depending on approach

Just an opinion
  • #3,569
  • Jul 10, 2012 6:36am Jul 10, 2012 6:36am
Quoting Ifmyante
for price to get straight there, it will need to engulf the demand directly to the left, which may become S

I'd rather buy the inv qm much lower down, depending on approach

Just an opinion
It's now trapped between the two levels.
It's nearly decision time
  • #3,570
  • Jul 10, 2012 7:08am Jul 10, 2012 7:08am
Quoting kruger
EU short from M30 S
Most closed.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 42 KB
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,571
  • Jul 10, 2012 7:10am Jul 10, 2012 7:10am
Quoting Ifmyante
for price to get straight there, it will need to engulf the demand directly to the left, which may become S

I'd rather buy the inv qm much lower down, depending on approach

Just an opinion
I deleted my order after a supply level appeared right where you said it would.

PA Watching saved me again!
- Look to the left, Trade to the right - I am the system
  • #3,572
  • Jul 10, 2012 7:11am Jul 10, 2012 7:11am
Quoting Sebastiaan76
I deleted my order after a supply level appeared right where you said it would.

PA Watching saved me again!
Yup. Easy read
Attached Image (click to enlarge)
Click to Enlarge Name: 10-07-2012 13-05-11.jpg Size: 88 KB
  • #3,573
  • Jul 10, 2012 7:31am Jul 10, 2012 7:31am
A setup I am watching.

As I am writing this, we have already reached entry area.

Attached Image (click to enlarge)
Click to Enlarge Name: eu 30 min 20120710.gif Size: 200 KB
  • #3,574
  • Jul 10, 2012 7:34am Jul 10, 2012 7:34am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB
  • #3,575
  • Jul 10, 2012 7:39am Jul 10, 2012 7:39am
Quoting Ifmyante
Yup. Easy read
Should have read your post earlier as it prompted me to check the QM. Moved already 10 pips in favour at decision point.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (1 Min) 9_07_2012.jpg Size: 93 KB
  • #3,576
  • Jul 10, 2012 7:45am Jul 10, 2012 7:45am
Quoting hometrading
Should have read your post earlier as it prompted me to check the QM. Moved already 10 pips in favour at decision point.
Yup
Attached Image (click to enlarge)
Click to Enlarge Name: 10-07-2012 13-38-26.jpg Size: 106 KB
  • #3,577
  • Jul 10, 2012 8:00am Jul 10, 2012 8:00am
Quoting Sebastiaan76
Any thoughts on the attached?

all comments welcome
hey Seb, why sellers are trapped??! its more like a bullish candle, and price did drop to a reasonable distance in relation to candle's size and TF.

Also i prefer watching for trapped buyers/sellers on HTF like H1 & H4 due to the larger orders.
Sniffing Snake's Tracks...
  • #3,578
  • Jul 10, 2012 8:08am Jul 10, 2012 8:08am
Quoting FX.Sniffer
hey Seb, why sellers are trapped??! its more like a bullish candle, and price did drop to a reasonable distance in relation to candle's size and TF.

Also i prefer watching for trapped buyers/sellers on HTF like H1 & H4 due to the larger orders.
Hey FX Sniffer. My thinking was that people that shorted at that supply level would be trapped on the wrong side of the market........but now that i've had another look - like you say, price already moved to the logical target/next demand level, so those shorts would probably have TP'd already, indeed, that TPing probably helped drive the start of that move up.

I'm just starting to try and factor in "What are market participants thinking" in regard to how levels are formed etc. i.e. trying to understand the order flow behind how these levels are forming etc.

atleast i knew enough to recognise that the setup became low probability and deleted my order.

I am however annoyed that i had a 'Long' bias and therefore missed a complete no brainer short setup.

So much to learn
Attached Image
- Look to the left, Trade to the right - I am the system
  • #3,579
  • Jul 10, 2012 8:12am Jul 10, 2012 8:12am
Quoting xmzhang
Also very nice bulltrap setup in play
XM

It's really been playing on my mind lots about that au trade long ago

At the time, I hadn't been watching au, and gave you a quick answer without studying the charts fully.

If you look back, there was a beautiful 3Drive into that supply on the m5.
Had I checked that TF, I would've given a far more affirmative response.

I'm truly gutted you didn't make a killing on that trade - I won't answer again without proper consideration.

Best

If
  • #3,580
  • Jul 10, 2012 8:14am Jul 10, 2012 8:14am
Quoting Sebastiaan76
price already moved to the logical target/next demand level, so those shorts would probably have TP'd already, indeed, that TPing probably helped drive the start of that move up.
now you got it right
Sniffing Snake's Tracks...
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