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

  • #141
  • Sep 5, 2012 12:18am Sep 5, 2012 12:18am
Quoting cashforex
Here are couple more
hi !

im so sorry but gotta go now to work... ill comment on them this evening, in around 12 hours.. please be patient


note: we never trade with pending orders,


regards,
Jonas
Hero calls followed by margin calls...
  • #142
  • Sep 5, 2012 11:18am Sep 5, 2012 11:18am
Hi Jonas, I hope you have time to answer a quick question.

I'm backtesting right now and encountered a little dilemma. The way I understand divergence is that I need to compare two clear swing points on the price chart and see if the MACD shows a divergence.

In the chart from below (EURUSD 1h, 27feb2012) I have a demand zone in an uptrend, then I search for div. The MACD shows two clear swing points, but the price chart doesn't show two clear swing points. On the price chart the right swing point is clear, but the left one is not very clear, it's more like rise-base-rise. Does this still qualify as a valid divergence?

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  • #143
  • Sep 5, 2012 12:18pm Sep 5, 2012 12:18pm
Quoting Kagawa
Hi Jonas, I hope you have time to answer a quick question.

I'm backtesting right now and encountered a little dilemma. The way I understand divergence is that I need to compare two clear swing points on the price chart and see if the MACD shows a divergence.

In the chart from below (EURUSD 1h, 27feb2012) I have a demand zone in an uptrend, then I search for div. The MACD shows two clear swing points, but the price chart doesn't show two clear swing points. On the price chart the right swing point is clear, but the left one is not very...
sure !

nice trade.
maintrend is bullish. Retest of demand level + regular bullish divergence + pinbar forming as a bullish price pattern.
Powerful setup, and as you see it did work out well
Hero calls followed by margin calls...
  • #144
  • Sep 5, 2012 12:19pm Sep 5, 2012 12:19pm
Quoting cashforex
EURAUD
the marked areas look good.
But why did you place limit orders?

we want to see price retuning to one of our areas and we do also want so a significant price pattern or indication of a possible reversal before we wnter.
Hero calls followed by margin calls...
  • #145
  • Sep 5, 2012 12:42pm Sep 5, 2012 12:42pm
Quoting PhAnTi'
sure !

nice trade.
maintrend is bullish. Retest of demand level + regular bullish divergence + pinbar forming as a bullish price pattern.
Powerful setup, and as you see it did work out well
Thank you!
  • #146
  • Edited 3:15pm Sep 5, 2012 3:04pm | Edited 3:15pm
Quoting PhAnTi'
..we want to see price retuning to one of our areas and we do also want so a significant price pattern or indication of a possible reversal before we wnter.
Keep It Simple Stupid.

What you want to see; where you want to see it.

Inspired by your e-book, I have been missing around with this.

What: Demand Swamping Supply (DSS) while %R is in the Buy Zone. I don't like to think in terms of over-bought or over-sold as I don't believe they exist.

Where: In a Supply/Demand Delta Zone created by a white (open<close) WRB. Since it is a white WRB, we can view it as Demand and only be looking for Long signals.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #147
  • Sep 6, 2012 3:03am Sep 6, 2012 3:03am
Quoting PhAnTi'
hell, nice chart. Demand area + bullish pin + regular bullish divergence... thats our level to buy !

I dont know why but you bought the high...

what made you buying up there ?
yes..I always bought at high & sold at low. because I cannot
identify which area is supply or demand in current situation. unless the price already passed.

or maybe I'm still not understand this S&D concept.
  • #148
  • Sep 6, 2012 5:00am Sep 6, 2012 5:00am
really good ebook.. thanks
  • #149
  • Sep 6, 2012 5:26am Sep 6, 2012 5:26am
Quoting zordy
yes..I always bought at high & sold at low. because I cannot
identify which area is supply or demand in current situation. unless the price already passed.

or maybe I'm still not understand this S&D concept.
one of the easier way is just to place a pending limit on wick aka supply or pin aka demand on hour 1 and hour 4 chart,

with a stop just after the pin or wick u saw, if u execute it well, maybe out of 10 times, 4-5 times it actually moved reversed from there at least 50-100 pips ++ cutting your stop losses which is very small like 5-15 pips, u are still overall profitable and u are likely to be away from market noise.

but still fundamental is the trigger, price action is overlapse by volume and trend of that particular session normally in high impact period.
  • #150
  • Sep 6, 2012 7:01am Sep 6, 2012 7:01am
Hi Jonas,

can you please explain this in an chart Im unable to understand the following

"significant price pattern or indication of a possible reversal before we Enter""

can you also explain what is your confirmation to enter the trade

cheers
cashforex
  • #151
  • Sep 6, 2012 11:29am Sep 6, 2012 11:29am
Quoting 5percent
one of the easier way is just to place a pending limit on wick aka supply or pin aka demand on hour 1 and hour 4 chart,

with a stop just after the pin or wick u saw, if u execute it well, maybe out of 10 times, 4-5 times it actually moved reversed from there at least 50-100 pips ++ cutting your stop losses which is very small like 5-15 pips, u are still overall profitable and u are likely to be away from market noise.

but still fundamental is the trigger, price action is overlapse by volume and trend of that particular session normally...
maybe yes, but technicals tell us the moves
Hero calls followed by margin calls...
  • #152
  • Sep 6, 2012 11:30am Sep 6, 2012 11:30am
Quoting cashforex
Hi Jonas,

can you please explain this in an chart Im unable to understand the following

"significant price pattern or indication of a possible reversal before we Enter""

can you also explain what is your confirmation to enter the trade

cheers
cashforex
sure.
One or even better 2 or 3 out of the indicators mentioned in the e-book.
Divergence.
Pinbars.
BUOBS.
BEOBS.
Flags.

hope this helps ?
Hero calls followed by margin calls...
  • #153
  • Sep 7, 2012 9:55am Sep 7, 2012 9:55am
Hey Phanti
I read somewhere, " to get to your destination on time, you have two options either you walk fast or you start early."
In your case I say its both, You are a brilliant guy. Just wanted to say thanks for the knowledge you shared with the FF community.

Cheers
Robin
  • #154
  • Sep 8, 2012 9:02am Sep 8, 2012 9:02am
Quoting fly_boy
Hey Phanti
I read somewhere, " to get to your destination on time, you have two options either you walk fast or you start early."
In your case I say its both, You are a brilliant guy. Just wanted to say thanks for the knowledge you shared with the FF community.

Cheers
Robin
Hey Robin,

thanks for this sticky quotation.
I hope the content can help improve your trading !

Best,
Jonas
Hero calls followed by margin calls...
  • #155
  • Sep 8, 2012 10:26am Sep 8, 2012 10:26am
thanks alot for your ebook,,, finally it can open and I can read,,, I will read until I understand and master it,,,,

as soon as possible, i will post my chart here,, hopefully you or all friends here can critics my open position,,,

wahoooo,, I m soooo happy,,,
  • #156
  • Sep 8, 2012 10:27am Sep 8, 2012 10:27am
downloading your book , i am a very slow reader , it might take months for feedback , love too see u back in our home (eurusd thread)
Mohan
  • #157
  • Sep 9, 2012 5:25am Sep 9, 2012 5:25am
Quoting mohan76
downloading your book , i am a very slow reader , it might take months for feedback , love too see u back in our home (eurusd thread)
it will be worth the patience
Hero calls followed by margin calls...
  • #158
  • Sep 9, 2012 5:56am Sep 9, 2012 5:56am
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Hero calls followed by margin calls...
  • #159
  • Sep 9, 2012 12:20pm Sep 9, 2012 12:20pm
phanti did u see the supply zone when u went skydiving .... i never knew that u reached that level .....any way it is a nice vid and well done
  • #160
  • Sep 9, 2012 12:33pm Sep 9, 2012 12:33pm
Quoting extremerrage
phanti did u see the supply zone when u went skydiving .... i never knew that u reached that level .....any way it is a nice vid and well done
where did you grob the vid from ? J16 thread ? ^^
Hero calls followed by margin calls...
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