Hero calls followed by margin calls...
- Joined Aug 2009 | Status: Reading the TAPE | 2,334 Posts
Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect
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
DislikedHi 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...Ignored
Disliked..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.Ignored
Dislikedhell, 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 ?Ignored
Dislikedyes..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.Ignored
Dislikedone 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...Ignored
DislikedHi 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
cashforexIgnored
DislikedHey 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
RobinIgnored
Dislikeddownloading your book , i am a very slow reader , it might take months for feedback , love too see u back in our home (eurusd thread)Ignored
Dislikedphanti 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 doneIgnored