''Trading Price II'' by PhAnti - have fun | Page 9 | 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

  • #161
  • Sep 9, 2012 4:03pm Sep 9, 2012 4:03pm
yes phan from the dojo for sure
  • #162
  • Sep 9, 2012 6:11pm Sep 9, 2012 6:11pm
hello phanti! been seein you around the forum, and decided that id take a dive and get involved in the thread...I currently use murray math to trade, and with the extra bit of knowledge your pdf will bring hopefully i can combine the two to make pips! happy hunting and thanks for the pdf! x
  • #163
  • Sep 10, 2012 10:53am Sep 10, 2012 10:53am
Phanti , obviously , you would already know your book is awesome ... But from among all of the content , I liked the break out retest at pole stuff the most ... SND and Patterns comes next ... So please help me out a bit in understanding that stuff a little more ... Can you please explain , if I personally would like to trade that break out , retest at pole stuff, how to plot the levels where we should expect the break outs ??? I am not talking about clear ranges . Those are easy ... I am talking about what are the rules of drawing those levels like , should we include closing prices in those levels , or wicks or what ??? Below are couple of charts , where and how would you have applied that Break out retest stuff at them and what are the rules , Ex stop loss , when to move to BE , how to manage the trade etc ... Thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
Click to Enlarge Name: 2.gif Size: 18 KB
Click to Enlarge Name: 3.gif Size: 13 KB
Human
  • #164
  • Sep 10, 2012 6:16pm Sep 10, 2012 6:16pm
hello chanya..from what i have understood so far, i have recently looked at the eurjpy myself on the h4 period and have attached an image of what i think should basically be the demand and supply areas.. price seems to have clearly broke the recent supply area of 99.019 and will face a retest of it soon and then move upwards towards 101.48... phanti and others please correct me if im wrong.. still trying to work out the kinks!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h4.png Size: 28 KB
  • #165
  • Sep 11, 2012 2:34am Sep 11, 2012 2:34am
OP Long EURAUD
reason for OP as shown in picture,,, please critics my friends..

http://s13.postimage.org/bqbqa4p4n/EURAUD_H1_OP_Buy.png
  • #166
  • Sep 11, 2012 5:17am Sep 11, 2012 5:17am
Hi Mate,

Buying in strong supply not good idea

regards
cash
  • #167
  • Sep 11, 2012 7:24am Sep 11, 2012 7:24am
Quoting cashforex
Hi Mate,

Buying in strong supply not good idea

regards
cash
hey Cash...

thanks dude,, my bad,, I had to cut loss that Open Position...
  • #168
  • Sep 12, 2012 9:40am Sep 12, 2012 9:40am
Practice and Practice,,

yo PhAnti,, please critics and advice about my Open position,,
short UJ..

http://s14.postimage.org/x13v8lyld/UJ_120912.png
  • #169
  • Sep 12, 2012 1:02pm Sep 12, 2012 1:02pm
Quoting singth
hello phanti! been seein you around the forum, and decided that id take a dive and get involved in the thread...I currently use murray math to trade, and with the extra bit of knowledge your pdf will bring hopefully i can combine the two to make pips! happy hunting and thanks for the pdf! x
you are welcome !
i first started with murrey maths levels 2 years ago...

anyway sorry for the late response, my daily job is killing me these days :-/


best,
Jonas
Hero calls followed by margin calls...
  • #170
  • Sep 12, 2012 1:04pm Sep 12, 2012 1:04pm
Quoting Chanya
Phanti , obviously , you would already know your book is awesome ... But from among all of the content , I liked the break out retest at pole stuff the most ... SND and Patterns comes next ... So please help me out a bit in understanding that stuff a little more ... Can you please explain , if I personally would like to trade that break out , retest at pole stuff, how to plot the levels where we should expect the break outs ??? I am not talking about clear ranges . Those are easy ... I am talking about what are the rules of drawing those levels...
Hey Chan !

thanks for your post in this thread !

well please try it yourself,try to spot the levels that are necessary to place some nice breakout n retest trades....

mark the pole levels and post it here,then ill give you my heads up

best,
Jonas
Hero calls followed by margin calls...
  • #171
  • Sep 12, 2012 1:05pm Sep 12, 2012 1:05pm
Quoting singth
hello chanya..from what i have understood so far, i have recently looked at the eurjpy myself on the h4 period and have attached an image of what i think should basically be the demand and supply areas.. price seems to have clearly broke the recent supply area of 99.019 and will face a retest of it soon and then move upwards towards 101.48... phanti and others please correct me if im wrong.. still trying to work out the kinks!
looks good.

maintrend is bullish.
We had a very large consolidation range followed by a breakout upwards = bulls are in control.
The breakout level is our polelevel. Search for some bullish pa at a retest to buy this baby

Remember: Trading retests at breakout levels offer us high reliable trades,since we follow the major trend and get cheap entries.

good job.

Best,
Jonas
Hero calls followed by margin calls...
  • #172
  • Sep 12, 2012 1:06pm Sep 12, 2012 1:06pm
Quoting Faldot
OP Long EURAUD
reason for OP as shown in picture,,, please critics my friends..

http://s13.postimage.org/bqbqa4p4n/EURAUD_H1_OP_Buy.png


Quoting cashforex
Hi Mate,

Buying in strong supply not good idea

regards
cash
Quoting Faldot
hey Cash...

thanks dude,, my bad,, I had to cut loss that Open Position...
right, you bought straight at supply.
You defined the area nicely, but decided to take the wrong trade. A sell would've been awesome at this level.

Best,
Jonas
Hero calls followed by margin calls...
  • #173
  • Sep 12, 2012 1:08pm Sep 12, 2012 1:08pm
Quoting Faldot
Practice and Practice,,

yo PhAnti,, please critics and advice about my Open position,,
short UJ..

http://s14.postimage.org/x13v8lyld/UJ_120912.png
yup.
Heavy and quick selling, price broke the previous low with no shake, bears are in control.
The initial low is a good spot to place a sell.
But remember: We want so see some or at least one of our confirmation indicators mentioned in the e-book to enter the market.

wheres ur stop and target ?

Best,
Jonas
Hero calls followed by margin calls...
  • #174
  • Sep 13, 2012 5:54am Sep 13, 2012 5:54am
hello I am currently in a eurusd trade at the moment, I know that its a risky position to be in, as unemployment claims are due out shortly at 1.30pm bst although for me the entry cudnt be more perfect as price has seemed to follow the diagonal resistance bar to the tee on the 1 hour and m15 timeframes and therefore confirmed that we are now in a sellers area. As stated previously alongside using phanti's method I am trying to implement murray math aswel, to find out strong supply and demand areas (with a little less effort as these areas are pre-marked) and as yu can see from the chart the decision on price to break the 7/8th level (on the m15) was a key factor in confirming change in trend direction and entry to place shorts.

the key area to watch is the 7/8th level on the 1 hour chart or 6/8th level on the m15 im pretty sure that when the unemployment claims are released that whichever way the numbers go, price will spike to hit at least that level so i may exit half position at that level and move stop loss to break even when the time arises
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd m15.png Size: 38 KB
Click to Enlarge Name: eurusd h1.png Size: 35 KB
  • #175
  • Sep 13, 2012 6:26am Sep 13, 2012 6:26am
Quoting PhAnTi'
yup.
Heavy and quick selling, price broke the previous low with no shake, bears are in control.
The initial low is a good spot to place a sell.
But remember: We want so see some or at least one of our confirmation indicators mentioned in the e-book to enter the market.

wheres ur stop and target ?

Best,
Jonas
Hi Jonas,,
below is update my UJ for target and stop,, I already set SL+1 for all position,
yes, I missed that point, I should more patience next time,, thanks for your respond and advice..

regards
faldot

http://s10.postimage.org/904eyapzt/UJ_120912_Update.png
  • #176
  • Sep 13, 2012 11:02am Sep 13, 2012 11:02am
as an update to my trade I said price would get to the 7/8 area on the h1 chart and it nearly did...the actual demand line came from 1.28864, 7 points a drift from the actual area...but as we cannot hold on these lines being accurate to the point the demand area that was labelled sufficed, best to have areas as opposed to lines, anyway I managed to get out of half my position on the eur/usd at 1.28830 and moved stop loss to breakeven which, I have been stopped out at, but never the less I managed to bank a few pips in the process!

  • #177
  • Sep 13, 2012 11:10am Sep 13, 2012 11:10am
I have attached an update to the h4 chart of the eur/jpy trade which i analysed earlier, I said that we would be hoping to get in on a trade at a retest at 99.007 we now have a new pole bar at the top 100.278 and price has recently broke down, hopefully heading back towards the 99.007 area, however to confirm that the bulls has lost a bit of pace I want a retest and fail at the 100.278 area, then I will get in short to the 99.007 area then follow that immediately with a long at that same area (99.007) to my long term target of 101.408.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h4.PNG Size: 38 KB
  • #178
  • Sep 13, 2012 11:22am Sep 13, 2012 11:22am
Quoting singth
I have attached an update to the h4 chart of the eur/jpy trade which i analysed earlier, I said that we would be hoping to get in on a trade at a retest at 99.007 we now have a new pole bar at the top 100.278 and price has recently broke down, hopefully heading back towards the 99.007 area, however to confirm that the bulls has lost a bit of pace I want a retest and fail at the 100.278 area, then I will get in short to the 99.007 area then follow that immediately with a long at that same area (99.007) to my long term target of 101.408.
Hero calls followed by margin calls...
  • #179
  • Sep 13, 2012 11:23am Sep 13, 2012 11:23am
Quoting Faldot
Hi Jonas,,
below is update my UJ for target and stop,, I already set SL+1 for all position,
yes, I missed that point, I should more patience next time,, thanks for your respond and advice..

regards
faldot

http://s10.postimage.org/904eyapzt/UJ_120912_Update.png
well yes, tight stop is always good anyway
Hero calls followed by margin calls...
  • #180
  • Sep 14, 2012 4:16am Sep 14, 2012 4:16am
Hi all!

Thanks for the work phanti!

Phanti, I have a question. What do you think about my positions?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 18 KB
Click to Enlarge Name: 2.gif Size: 20 KB
0 traders viewing now