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  • #3,661
  • Jul 11, 2012 6:53am Jul 11, 2012 6:53am
Intersting zone on AU ( if it gets there ).

1.02900 is 78.6 fib retracement of the down move
1.0300 is 161 fib extension of up move and BRN.

and ofcourse an obvious supply area.

S/D traders selling at obvious supply + Fib traders getting short on a 3quarter pull at 78.6 and Longs TP'ing at 1.0300 BRN and 161.8 fib extension.

If it gets there, it will be interesting indeed.
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- Look to the left, Trade to the right - I am the system
  • #3,662
  • Edited 7:55am Jul 11, 2012 7:38am | Edited 7:55am
Quoting Sebastiaan76
While I'm waiting to short AU, another good example of Supply/Demand Flip
My exact entry this morning on the Aussie (style)for the entry. Except it was at the .0208 area.

Man, it's hard to post this stuff for you guys when I sleep through the London trading session :/
  • #3,663
  • Jul 11, 2012 7:47am Jul 11, 2012 7:47am
Quoting Osman
Compression into demand on EUR/JPY 4hr
Hi Os

on LTF don't looks soooo much cp [i prefer to see more] except for two zones [worked well]. <<<---opinion on this are all welcome.

i am really courious to see how price will react [if will react] on a zone that i have pipointed sone days ago.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #3,664
  • Jul 11, 2012 8:00am Jul 11, 2012 8:00am
Quoting Venice
My exact entry this morning on the Aussie (style)for the entry. Except it was at the .0208 area.

Man, it's hard to post this stuff for you guys when I sleep through the London trading session :/
i would appreciate one of your charts as you said here.
http://www.forexfactory.com/showthread.php?p=5829647#post5829647
when you have the time of course.
thank you V
  • #3,665
  • Jul 11, 2012 8:08am Jul 11, 2012 8:08am
Quoting Venice
My exact entry this morning on the Aussie (style)for the entry. Except it was at the .0208 area.

Man, it's hard to post this stuff for you guys when I sleep through the London trading session :/
Problem is. I saw that setting up, and didn't take it as I was biased short, and then when AU didn't turn at the obvious level I had ( 1.02600 ) i stood aside. I did take a trade from 1.02760, but TP'd way too early as was freaked out by the strength in AUD.

i need to just follow PA and not get too hung up on bias's me thinks
- Look to the left, Trade to the right - I am the system
  • #3,666
  • Jul 11, 2012 8:54am Jul 11, 2012 8:54am
Quoting asos101
i would appreciate one of your charts as you said here.
http://www.forexfactory.com/showthread.php?p=5829647#post5829647
when you have the time of course.
thank you V
Here we go. Basically what I outlined is exactly what sebastian had posted in his attachment. Supply was beaten, so my bias shifts to the bullish side.
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  • #3,667
  • Jul 11, 2012 8:56am Jul 11, 2012 8:56am
EU long from M5 last clean D...
...and the master of Premature Evacuation himself - me
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,668
  • Jul 11, 2012 8:58am Jul 11, 2012 8:58am
Quoting Sebastiaan76
Problem is. I saw that setting up, and didn't take it as I was biased short, and then when AU didn't turn at the obvious level I had ( 1.02600 ) i stood aside. I did take a trade from 1.02760, but TP'd way too early as was freaked out by the strength in AUD.

i need to just follow PA and not get too hung up on bias's me thinks
Yes mate. Note the supply/demand areas, and as each one is beaten, adjust your bias.

Although, this does get difficult when, lets say you have a short bias due to the higher time frames, but the lower ones are retracing and eventually drag the higher with them (without invalidating the bias). Somethings it's easy to get turned around that way.
  • #3,669
  • Jul 11, 2012 9:00am Jul 11, 2012 9:00am
Quoting kruger
EU long from M5 last clean D...
...and the master of Premature Evacuation himself - me
Kruger. Have a look at my premature evacuation work - i too am masterful in it's ways (unfortunately)
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- Look to the left, Trade to the right - I am the system
  • #3,670
  • Jul 11, 2012 9:05am Jul 11, 2012 9:05am
Quoting Sebastiaan76
Kruger. Have a look at my premature evacuation work - i too am masterful in it's ways (unfortunately)
Yeah, it is my biggest pain. Should we have meetings like AA ???
Anonymous Premature Evacuators
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,671
  • Jul 11, 2012 9:07am Jul 11, 2012 9:07am
Quoting kruger
Yeah, it is my biggest pain. Should we have meetings like AA ???
perhaps IF could have a special section on AG for premature evacuators?

in all seriousness, ive identified this as my single biggest roadblock to getting my account growing.

once i crack that nut i'll be on my way
- Look to the left, Trade to the right - I am the system
  • #3,672
  • Jul 11, 2012 9:10am Jul 11, 2012 9:10am
Quoting Sebastiaan76
perhaps IF could have a special section on AG for premature evacuators?

in all seriousness, ive identified this as my single biggest roadblock to getting my account growing.

once i crack that nut i'll be on my way
The truth is, that it is related to fear that the setup will not work. It is work on self confidence IMO.
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #3,673
  • Jul 11, 2012 9:13am Jul 11, 2012 9:13am
Quoting Sebastiaan76
perhaps IF could have a special section on AG for premature evacuators?

in all seriousness, ive identified this as my single biggest roadblock to getting my account growing.

once i crack that nut i'll be on my way

Hey seb, take a look at the Aussie chart I just posted. In the theme of me exclaiming my bias shifts, I don't actually close orders out until price actually says its ready to switch directions. I give up some pips at the start of a new trend, and I give some up in the end. I just want the delicious middle chunk

Most 5m chart plays, last around 2-3 hours if you are not scalping... slowwww things down a little bit

15m lasts from 3-4 hours up to a few days... so you can imagine how things are on the 4h/Daily for me
  • #3,674
  • Jul 11, 2012 9:22am Jul 11, 2012 9:22am
Quoting Venice
Here we go. Basically what I outlined is exactly what sebastian had posted in his attachment. Supply was beaten, so my bias shifts to the bullish side.
got you now
thanks V
  • #3,675
  • Jul 11, 2012 9:37am Jul 11, 2012 9:37am
Quoting kruger
The truth is, that it is related to fear that the setup will not work. It is work on self confidence IMO.
a couple of friends quit trading cuz of fear, mine is greed
Sniffing Snake's Tracks...
  • #3,676
  • Jul 11, 2012 10:03am Jul 11, 2012 10:03am
Euro slowing down (wedge'ish) as we approach daily demand.
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  • #3,677
  • Edited 10:28am Jul 11, 2012 10:18am | Edited 10:28am
Quoting Venice
Here we go. Basically what I outlined is exactly what sebastian had posted in his attachment. Supply was beaten, so my bias shifts to the bullish side.
Closed under, bias shifted to bear. Oh look, straight down to the next demand zone. Who woulda thought?

Now it simply becomes a question of, does this zone hold or release as well? Since bias is short, we make the assumption that it will break through. The next lower high position will tell you to lock or bail.

IF ELSE IF ELSE IF ELSE IF ELSE... all you need in trading.


US$ looking to make new highs on the H1. In supply though.

Edit: I just want to point out, that as always, my way to determine trend isn't always full proof. It maintains the correct trend maybe 85% of the time though. As always the lower the time frame, the more likely a fakey is happening. But if I am wrong? not a problem, switch directions again and play accordingly.

Never assume anything. Price is always what it is, take your reads from it, and apply trading plan accordingly. Keep your r/r to a 1:1.1 minimum and try to be right at least 50% of the time... and your golden.
  • #3,678
  • Jul 11, 2012 10:28am Jul 11, 2012 10:28am
Makes me jealous seeing all the wonderful activity here recently while my health is fucking me over and preventing me from everything. That said I'm salivating at the prospect of AG's rise soon. It is going to be absolutely terrific.

I did manage to get at least one modest trade off today from a GU decision.
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  • #3,679
  • Jul 11, 2012 10:47am Jul 11, 2012 10:47am
Quoting ppvp
Makes me jealous seeing all the wonderful activity here recently while my health is fucking me over and preventing me from everything. That said I'm salivating at the prospect of AG's rise soon. It is going to be absolutely terrific.

I did manage to get at least one modest trade off today from a GU decision.
Nice trade ppvp

Hope you get well and back with us more often
  • #3,680
  • Jul 11, 2012 11:12am Jul 11, 2012 11:12am
Quoting Venice
Euro slowing down (wedge'ish) as we approach daily demand.
Just had touch #1. Looks like she is packing some power!!

I generally don't like to start adding orders until at least 50% of a zone on a counter move (and generally done with confirmation too!), and it will more than likely head its way down there.

Seems fibre is going to be a little bit slow here the next few days.
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