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Fozzy Chat Room 7 replies

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Price is Everything Chat Room

Quoting FX.Sniffer
Finally price arrived and landed peacefully to my 1st TP zone after six trading days, closed the nearest two orders and the remaining two shall follow shortly.... hopefully.
closed the last order and to be honest i closed 3rd order the same night of the above post.
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Sniffing Snake's Tracks...
watching cable on daily
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Sniffing Snake's Tracks...
Today has been a very frustrating day. Keep looking for that demand level that we are deep into yet if i was looking for small supply levels id have picked up 30-40 pips at least.

What do you guys think will confirm a decent enough bounce from here. Would you wait for confirmation on a higher timeframe to start looking for longs? For instance where we are at the minute 1.2180 my mindset tells me we are due back at 1.2210. I think its just the way im programmed. I see 5minute demand just below here which has been reacted well to and the next big supply i see is around that level.

Everytime we hit lower lows i keep looking on the LTFs for a long yet if I opened my eyes and looked for shorts i would be cleaning up.
Quoting Rsherl01
Today has been a very frustrating day. Keep looking for that demand level that we are deep into yet if i was looking for small supply levels id have picked up 30-40 pips at least.

What do you guys think will confirm a decent enough bounce from here. Would you wait for confirmation on a higher timeframe to start looking for longs? For instance where we are at the minute 1.2180 my mindset tells me we are due back at 1.2210. I think its just the way im programmed. I see 5minute demand just below here which has been reacted well to and the next...
Yup, I've had a few breakevens today too. Just hate to sell at demand

But here's one I'm in at the moment. Once again, I dare to hope
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Quoting Rsherl01
Today has been a very frustrating day. Keep looking for that demand level that we are deep into yet if i was looking for small supply levels id have picked up 30-40 pips at least.

What do you guys think will confirm a decent enough bounce from here. Would you wait for confirmation on a higher timeframe to start looking for longs? For instance where we are at the minute 1.2180 my mindset tells me we are due back at 1.2210. I think its just the way im programmed. I see 5minute demand just below here which has been reacted well to and the next big...
Here is what I see back at the 2010 level that we are visiting. There is 1H and 4H demand.

Update: As I type, the 2190 level was broken and we did indeed hit the 2210 target area.
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took some heat before going my favor.
now ill be intrested to see if supply holds or not.on 15m it looks like cp.(unless it will shoot higher and pierce supply and than these wicks actually t indicating buying pressure).
pa will tell.....

edit:yes those lower wicks indicating buying pressure and not cp.looks like my inital thought on supply being consumed is the scenario that will play out.and i only took few pips from it...frustrating...
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Yep,

That was the demand level that I had said was reacted well to. Although i only spotted it as i was writing my last post therefore did not take this trade.

Question now is do you bail at 1.2110 or do you play out this supply zone to BE +1 and wait for a bigger retracement maybe to the 30-40 or even 60 area??


Edit: 1.2210 area. Apologies...
Quoting Ifmyante
Yup, I've had a few breakevens today too. Just hate to sell at demand

But here's one I'm in at the moment. Once again, I dare to hope
I'll take a newbie stab at this....

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Quoting Rsherl01
Yep,

That was the demand level that I had said was reacted well to. Although i only spotted it as i was writing my last post therefore did not take this trade.

Question now is do you bail at 1.2110 or do you play out this supply zone to BE +1 and wait for a bigger retracement maybe to the 30-40 or even 60 area??
I had a limit set at 2105 for half my long and will hold the other half and observe what happens. My stop is now at breakeven for the position.
Quoting DharmaTrader
I'll take a newbie stab at this....

Attachment 999309
OK. Good

So you see what happened at the bottom of the flag

Now decipher what had happened at the top

For the record, here's what happened next:
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Quoting Ifmyante
OK. Good

So you see what happened at the bottom of the flag

Now decipher what had happened at the top
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Quoting Ifmyante
OK. Good

So you see what happened at the bottom of the flag

Now decipher what had happened at the top

For the record, here's what happened next:

If,


You have lost me here.
I saw that 1min supply which was reacted well to as already stated. Im just finding it hard to differentiate between it and the 1 min supply about an hour beforehand to the left that this area blasted through. What makes it a better demand or indication of a retracement.

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My question now live is. We are between these two levels, presumably after taking profit at 1.2210 from the first trade.
Barring a scalp from 1.2210 to meet the bottom of this pole which it has reached already what methodology would you use to choose a HTF or indeed LTF bias.

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For eg would you wait for price to clear the supply in Blue and retrace to it for a long?? Bearing in mind we are in HTF Demand and we want to keep our stops as close as possible.
Quoting DharmaTrader
Attachment 999321
You're getting there

I was looking to the past though for what would happen in the future

I'm looking for a volunteer to go thru the PA on this

If no takers, I'll try to find time to do a video on it
I never took the EU long but did see it slightly different.

To be honest my head was hurting by then looking for longs....

Same set up was in USD/CHF
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Quoting Rsherl01
If,


You have lost me here.
I saw that 1min supply which was reacted well to as already stated. Im just finding it hard to differentiate between it and the 1 min supply about an hour beforehand to the left that this area blasted through. What makes it a better demand or indication of a retracement.

Attachment 999322

My question now live is. We are between these two levels, presumably after taking profit at 1.2210 from the first trade.
Barring a scalp from 1.2210 to meet the bottom of this pole which it has reached already...
For your first question, I hope a few volunteers will answer before me

Re your second question: That certainly is one way of going about it

Here's another low risk method too

But I really would rather teach market dynamics than trading at this stage - One is grasped much easier without the pressures of the other

On the new site, we've made a way to teach actual trading to those that have proven they understand market dynamics.
Maybe I've said too much...... Just can't wait, is all
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@ IF
How come you can see that many candles on your chart.(That is a MT4 platform right ?)
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Quoting bosc
@ IF
How come you can see that many candles on your chart.(That is a MT4 platform right ?)
I've been asked that question before - still have no answer to it

I like your explanation of the bigger picture - it's good to see it from a different perspective
going long.thats the scenario i think is unfolding.
if im wrong than it will cost me 2 points...if im right at least 7points.
lets see ..

editrice came 3 pip from supply(and also my tp) and turn.got only 1.5 points due to my trailing sl getting hit.got to work on my trade managemnt...(i still think price will reach my tp but its history for me now...)
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A little late but I think I just spotted my first QM... AU 15M.

Let me know if I'm clogging up the thread with useless charts and I'll stop...

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Quoting DharmaTrader
A little late but I think I just spotted my first QM... AU 15M.

Let me know if I'm clogging up the thread with useless charts and I'll stop...

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