''Trading Price II'' by PhAnti - have fun | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Have fun trading 69 replies

Trading and charts can be fun 233 replies

Trading ain't rocket science - Phanti's trades inside 14 replies

Phanti's 1-year flashback + guideline for newcomers 73 replies

fun with an excel/vba price sim 1 reply

Attachments: ''Trading Price II'' by PhAnti - have fun
Exit Attachments

''Trading Price II'' by PhAnti - have fun

  • #101
  • Aug 29, 2012 11:51am Aug 29, 2012 11:51am
Quoting PhAnTi'
Hey,

thanks again for your precise questions, they will help answering a lot of the reader's questions as well.
Thanks for your detailed response. When I have had time to digest the info I´ll be Back.
Cut your Losers short and let your Winners run.
  • #102
  • Aug 29, 2012 11:55am Aug 29, 2012 11:55am
Quoting dee50
Thanks for your detailed response. When I have had time to digest the info I´ll be Back.
alright,cool !

you're welcome,

catch ya around
Hero calls followed by margin calls...
  • #103
  • Aug 29, 2012 7:06pm Aug 29, 2012 7:06pm
Quoting ludo willems
Here is an indicator I use to plot S/D levels. Enjoy!
Ludo
This indicator is Flawed ... It only draws DBR and RBD ... It does not draw the levels RBR and DBD ....
Human
  • #104
  • Aug 29, 2012 9:26pm Aug 29, 2012 9:26pm
Hi Phanti,

Reading your book and will do that again and again. As everybody said its masterpiece.

Question ::: Below is the chart of EUR/GBP , Do you think its right place to sell and its supply area....
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 25 KB
  • #105
  • Aug 29, 2012 11:37pm Aug 29, 2012 11:37pm
Hi Phanti,

I have been learning to trade the S/D methods doing ok so far, is it ok if i get your opinions on the S/D i mark out on the charts (can i post my set up on your thread) as i still yet to master this method, i have gone through your thread you do a very good job with your explanation very clear i have downloaded your ebook its great resource for learning your method, so if you can please have look at my chart below and comment
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 22 KB
  • #106
  • Aug 30, 2012 3:24pm Aug 30, 2012 3:24pm
Hi Jonas, thanks for this nice encapsulation of S & D trading.

I apologise in advance if this has been covered already but I have a question about your application of divergence. You have shown examples of divergence on weekly and daily charts.

My problem with divergence is this; it looks great with a visual back test but in real time (because it is always based on lagging indicators) by the time divergence is confirmed, price has moved on and the opportunity has passed.

So, do you only look at lower TF charts for divergence, or what?
  • #107
  • Aug 30, 2012 3:42pm Aug 30, 2012 3:42pm
Quoting JumanJi
Hi Phanti,

Reading your book and will do that again and again. As everybody said its masterpiece.

Question ::: Below is the chart of EUR/GBP , Do you think its right place to sell and its supply area....
Hey !

thank you for your kind words.... i had a fucking loooooooooong day today...my daily job is killing me these weeks...

thats why i dont have any certain time to post here right now, ill keep my heads up pretty short...hope you dont mind...

hope the chart helps, if not let me know

Attached Image (click to enlarge)
Click to Enlarge Name: 61.jpg Size: 86 KB
Hero calls followed by margin calls...
  • #108
  • Aug 30, 2012 3:43pm Aug 30, 2012 3:43pm
Quoting cashforex
Hi Phanti,

I have been learning to trade the S/D methods doing ok so far, is it ok if i get your opinions on the S/D i mark out on the charts (can i post my set up on your thread) as i still yet to master this method, i have gone through your thread you do a very good job with your explanation very clear i have downloaded your ebook its great resource for learning your method, so if you can please have look at my chart below and comment
nice areas.
Sure, just post em in here and i will try to reply to them within 24 hours, if not others might also answer on your posts

traders help traders..

the top supply zone was even tested.DOesnt mean that it is invalid, but it should be weaker at the very next retest. The other 3 areas look pretty fine , all untested.

Good job.


best regards,
Jonas
Hero calls followed by margin calls...
  • #109
  • Aug 30, 2012 3:46pm Aug 30, 2012 3:46pm
Quoting Swg123
Hi Jonas, thanks for this nice encapsulation of S & D trading.

I apologise in advance if this has been covered already but I have a question about your application of divergence. You have shown examples of divergence on weekly and daily charts.

My problem with divergence is this; it looks great with a visual back test but in real time (because it is always based on lagging indicators) by the time divergence is confirmed, price has moved on and the opportunity has passed.

So, do you only look at lower TF charts for divergence, or what?
Hey swg,

thanks for this entire question.
Since i only trade the H1 + timeframes i dont search for divergences at the smaller TFs at all ....

Whenever price touches or returns to one of my predefined supply/demand areas i check if there is a developed divergence or not.If yes i am thankful and take it as an additional indicator. I never never never trade just by looking for divergences. I only combine them with pinbars,engulfments at supply/demand areas.

We get very very powerful trades if we combine these indicators.


hope this helps ?!

best regards,
Jonas
Hero calls followed by margin calls...
  • #110
  • Aug 30, 2012 4:28pm Aug 30, 2012 4:28pm
Quoting PhAnTi'
Hey swg,

thanks for this entire question.
Since i only trade the H1 + timeframes i dont search for divergences at the smaller TFs at all ....

Whenever price touches or returns to one of my predefined supply/demand areas i check if there is a developed divergence or not.If yes i am thankful and take it as an additional indicator. I never never never trade just by looking for divergences. I only combine them with pinbars,engulfments at supply/demand areas.

We get very very powerful trades if we combine these indicators.


hope this helps ?!

best...
Thanks for the quick response Jonas. However, when I referred to lower TFs I was actually meaning H4 and H1, nothing lower. For example, on H4, it can easily take several bars ( +/- a whole day) before divergence is confirmed, during which time price could have moved 100 pips or more. That is one of the reasons I gave up using divergence in my trading.
  • #111
  • Edited 8:59pm Aug 30, 2012 8:58pm | Edited 8:59pm
Quoting Swg123
Thanks for the quick response Jonas. However, when I referred to lower TFs I was actually meaning H4 and H1, nothing lower. For example, on H4, it can easily take several bars ( +/- a whole day) before divergence is confirmed, during which time price could have moved 100 pips or more. That is one of the reasons I gave up using divergence in my trading.

If it is any help to you. With 4h zones I will look at 1h or even 15m chart for divergence as price approaches.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Div 4h.jpg Size: 126 KB
Click to Enlarge Name: div 15m.jpg Size: 105 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #112
  • Aug 31, 2012 12:24am Aug 31, 2012 12:24am
Quoting Swg123
Thanks for the quick response Jonas. However, when I referred to lower TFs I was actually meaning H4 and H1, nothing lower. For example, on H4, it can easily take several bars ( +/- a whole day) before divergence is confirmed, during which time price could have moved 100 pips or more. That is one of the reasons I gave up using divergence in my trading.
of course its up to everyone himself, if price even reversed 100 pips we are too late in this case and we wont take a late entry in general.

But we do have a lot of examples where we do have a plenty of divergence forming even before price touches one of our zones.

Its all about patience in this case
Hero calls followed by margin calls...
  • #113
  • Aug 31, 2012 12:26am Aug 31, 2012 12:26am
Quoting Rufus
If it is any help to you. With 4h zones I will look at 1h or even 15m chart for divergence as price approaches.
thanks for the charts Rufus , looking beautiful.

... gotta leave again, daily job is calling... wish you all a nice finish today and after some nice drinks and a lovely weekend !


regards,
Jonas
Hero calls followed by margin calls...
  • #114
  • Aug 31, 2012 2:22am Aug 31, 2012 2:22am
Thanks Phanti...


Will post more charts as I go and learn ... Had a good loss on GBP/AUD as it showed pin bar and went the other way... Well was practicing in demo account ...

Cheers




Quoting PhAnTi'
Hey !

thank you for your kind words.... i had a fucking loooooooooong day today...my daily job is killing me these weeks...

thats why i dont have any certain time to post here right now, ill keep my heads up pretty short...hope you dont mind...

hope the chart helps, if not let me know

Attachment
  • #115
  • Aug 31, 2012 8:35am Aug 31, 2012 8:35am
well done PhAnTi, thats the way it goes - free knowledge,sharing,love...peace and so on

am waiting for this baby to reach that zone,and sell the shit out of it
Attached Image (click to enlarge)
Click to Enlarge Name: eaud.JPG Size: 100 KB
  • #116
  • Aug 31, 2012 8:53am Aug 31, 2012 8:53am
Hi Jonas. Not intending to steal your thunder here, but It was interesting reading the articles from DailyFX written by James B Stanley a trainer on Daily FX. Read "The forces of Supply and Demand" first. I converted them to PDF makes them easier to refer back to.
Attached File(s)
File Type: pdf The Forces of Supply and Demand.pdf   257 KB | 2,693 downloads
File Type: pdf Using Support & Resistance to Trade Supply & Demand.pdf   287 KB | 2,446 downloads
Cut your Losers short and let your Winners run.
  • #117
  • Aug 31, 2012 9:38am Aug 31, 2012 9:38am
Quoting dee50
Hi Jonas. Not intending to steal your thunder here, but It was interesting reading the articles from DailyFX written by James B Stanley a trainer on Daily FX. Read "The forces of Supply and Demand" first. I converted them to PDF makes them easier to refer back to.
It's a well known fact that phanti was not the one to invent these concept from scratch.

The merit of his book lies in his simple and understandable explanation, coupled with his personal take on how to use these concept in the market.

Very good book for beginners and good reference if you already know the stuff.
  • #118
  • Aug 31, 2012 10:52am Aug 31, 2012 10:52am
Quoting kiadanai
It's a well known fact that phanti was not the one to invent these concept from scratch.

The merit of his book lies in his simple and understandable explanation, coupled with his personal take on how to use these concept in the market.

Very good book for beginners and good reference if you already know the stuff.
Wow, down Rover. Incredible really, no wonder there are so many wars in the world.

Perhaps I should have used different words like -

"Interesting comparison" or "different viewpoint" or "slightly different interpretation" or "Being open minded it was interesting to see a slightly different interpretation of the material that you had presented in your very excellent book"

Notice the common word here "Different"
Cut your Losers short and let your Winners run.
  • #119
  • Aug 31, 2012 9:53pm Aug 31, 2012 9:53pm
Hi Phanti,

I think this is good for buy setup.
reversal candle at demand area and divergence at H1. H4 also got divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.png Size: 26 KB
  • #120
  • Sep 1, 2012 6:55am Sep 1, 2012 6:55am
Quoting JumanJi
Thanks Phanti...


Will post more charts as I go and learn ... Had a good loss on GBP/AUD as it showed pin bar and went the other way... Well was practicing in demo account ...

Cheers
nothing wrong learning in demo mode , good job !

anyway no loss should be bigger than 1 % or even 0,5 % in my opinion, even if we get a major major super dooper blaster setup

best,
Jonas
Hero calls followed by margin calls...
0 traders viewing now