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

  • #221
  • Sep 21, 2012 10:46am Sep 21, 2012 10:46am
Another potential setup that I see. I don't like the initial RRR but if the CSM (currency strength meter) shows serious weakness in the NZD and a strong USD, then the trade may be worthwhile.

Hi Jonas & the experienced traders here, please look at the charts and let me know how I am doing.

Thanks, and God bless

George
Attached Image (click to enlarge)
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Low Risk Low Stress High Reward High Probability Trades
  • #222
  • Sep 21, 2012 11:12am Sep 21, 2012 11:12am
Same as the previous ones and entry triggered on this
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Low Risk Low Stress High Reward High Probability Trades
  • #223
  • Sep 21, 2012 12:39pm Sep 21, 2012 12:39pm
Quoting 919gilead
Just practicing and watching for a possible AUDJPY short!! The stop loss is too wide, therefore considering alternative stop above the bearish candle.

Correction or contribution welcomed as I'm still learning - learning to walk and run at the same time

Happy pipping

George
well currently price is at demand.
Whats the major trend ? Where is the next supply to sell ?

best,
Jonas
Hero calls followed by margin calls...
  • #224
  • Sep 21, 2012 12:39pm Sep 21, 2012 12:39pm
Quoting tybur0n
That was a perfect short for me.tp at 85,
2,5% with 1% risk
Attachment
nice trade baby.
breakout.
retest.
pole- sell-

go on !


best,
Jonas
Hero calls followed by margin calls...
  • #225
  • Sep 21, 2012 12:40pm Sep 21, 2012 12:40pm
Quoting 919gilead
Another potential setup that I see. I don't like the initial RRR but if the CSM (currency strength meter) shows serious weakness in the NZD and a strong USD, then the trade may be worthwhile.

Hi Jonas & the experienced traders here, please look at the charts and let me know how I am doing.

Thanks, and God bless

George
clear supply level and weakness in buying as the price tells us.
Nice trade.

best,
Jonas
Hero calls followed by margin calls...
  • #226
  • Sep 21, 2012 6:52pm Sep 21, 2012 6:52pm
daily cable short setup. i'll let you guys figure out the target.
Attached Image (click to enlarge)
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  • #227
  • Sep 21, 2012 7:52pm Sep 21, 2012 7:52pm
Phanti does this work for stocks as well? I dont trade forex.
What is any ocean but a multitude of drops?
  • #228
  • Sep 21, 2012 8:21pm Sep 21, 2012 8:21pm
Quoting Xhale12
Phanti does this work for stocks as well? I dont trade forex.

OTA and Sam Seidon. use the same methodology for all markets.

Open a chart and see. Supply/demand is all over the stock market.

I just grabed an INTC chart and marked out a few.
Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #229
  • Sep 21, 2012 8:49pm Sep 21, 2012 8:49pm
Great book, fanti. Will be an enjoyable weekend for me
  • #230
  • Sep 22, 2012 1:16pm Sep 22, 2012 1:16pm
Thanks for an excellent book. And I must say the icing was it is absolutely free. Not many I know who would do this.
Question: How does this methodology work during / around the time of a big news release e.g. NFPs should one close out on profitable trades till after the event and re-enter.
Thanks
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #231
  • Sep 22, 2012 6:38pm Sep 22, 2012 6:38pm
Quoting nbhaya
Thanks for an excellent book. And I must say the icing was it is absolutely free. Not many I know who would do this.
Question: How does this methodology work during / around the time of a big news release e.g. NFPs should one close out on profitable trades till after the event and re-enter.
Thanks
How I handle this.

Close out most or tighten stops.

Then watch the news reaction as it enters different zones. At times all the news does is push price to a zone to have it then reverse. Then catch the reverse.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #232
  • Sep 22, 2012 11:39pm Sep 22, 2012 11:39pm
Quoting Rufus
How I handle this.

Close out most or tighten stops.

Then watch the news reaction as it enters different zones. At times all the news does is push price to a zone to have it then reverse. Then catch the reverse.
Rufus, many thanks for explaining, made note of it for the next big news release.
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #233
  • Sep 22, 2012 11:47pm Sep 22, 2012 11:47pm
Quoting pkimnyc
daily cable short setup. i'll let you guys figure out the target.
IMO on the daily and Weekly we are in the Supply Zone. The pin bar on these TFs suggests a move down. However looking at the H1 there seems to be a bullish divergence building up in the demand zone 16173 /16162. Will need to monitor PA to make a call.
Anyone please feel free to comment on my observation - hoping to learn as we go.
Would have been better explained on the charts. Dont know how to post charts yet - maybe soon.
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #234
  • Sep 23, 2012 5:08am Sep 23, 2012 5:08am
Quoting nbhaya
IMO on the daily and Weekly we are in the Supply Zone. The pin bar on these TFs suggests a move down. However looking at the H1 there seems to be a bullish divergence building up in the demand zone 16173 /16162. Will need to monitor PA to make a call.
Anyone please feel free to comment on my observation - hoping to learn as we go.
Would have been better explained on the charts. Dont know how to post charts yet - maybe soon.
Friday activity was very clear its was all about clearing stops, imo. Looks to me they created false sentiment to the upside to clear stops and trap bulls. Time will tell.
  • #235
  • Sep 23, 2012 9:34am Sep 23, 2012 9:34am
here are my expectations for EURUSD... i expect it to move lower next week, there is lots of supply just above 1,3030-1,3100, retest the 1,2920 area and then shoot down to 1,2800. otherwise i expect it to react to the 1,0382 supply line.

Attached Image (click to enlarge)
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  • #236
  • Sep 23, 2012 10:57am Sep 23, 2012 10:57am
How much are you up this year using this method phanti? In % terms
What is any ocean but a multitude of drops?
  • #237
  • Sep 23, 2012 10:21pm Sep 23, 2012 10:21pm
am I right?
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  • #238
  • Sep 24, 2012 10:38am Sep 24, 2012 10:38am
Hi Guys,,, this is my Long AUDCHF, please critics and advice...

http://s15.postimage.org/4iacdfb0r/A...912_OP_buy.png
  • #239
  • Sep 24, 2012 4:32pm Sep 24, 2012 4:32pm
not analysed this as of yet..and I am currently short this pair at -24 however another fail of the 5/8 level shows that supply is building heavily and my good friend divergence gives me extra confidence that this pair should fall down steadily over the next few days.. first target is the 4/8 area as there is a pole bar situated there.. and so will close 50% of position when price reaches this area and will close the rest of the trade when price reaches the 3/8 area or 1.6 as it will be a big psych level..!

Peace! x
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  • #240
  • Sep 24, 2012 4:47pm Sep 24, 2012 4:47pm
Hi All,

I've managed to get a copy of pdf file printed, again in .pdf format, but the size of file is under 4mbs, which I would like to post here provided the author is happy.

I'll wait for the confirmation and either post it here or email it to author to put it in first post.

Regards All
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