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  • #4,201
  • Nov 29, 2012 11:28am Nov 29, 2012 11:28am
Quoting Balhana
One candle? What about 15M RBR on the chart now? If you still think you can ignore this kind of stuff when trading, just do it. BTW I agree I see what I want see.
And when does it stop? Should i fear a M1 demand zone that stands in the way of my D1 Supply ? I only use multiple TFs (zooming in) to spot DP and sources to get a better entry and thus a better RR (when possible ! ).

Guess what i am saying is I use Top-Down approach, and not Bottom-Up. So for me, that M15 Demand would have never even been considered unless i spotted it on M15 and searched for a better entry on the M1.

If you don't have clear rules created for YOURSELF , i think it's easy to get lost and maybe go crazy. You have to draw the line somewhere . You 'll end up with charts like this:

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I don't need easy. I just need possible.
  • #4,202
  • Nov 29, 2012 11:55am Nov 29, 2012 11:55am
Quoting DaGrizlyBull
You have ONE candle in that RBR. By that analogy, every retracement of 1 candle is a DBD or RBR according to you. Sorry mate, but it seems that you see what you want to see.

Hi Grizly

IMHO it's important not to get stuck looking at one single TF and ingoring all other information available to you by dropping down. It is a very mechanical mindset.

We're stuck with the interface brokers offer us including it's preset TF's, the market is more fluid and complex than just pigeon holing it into x,y,z. You have to objectively critique what the charts are informing you across board not just through 'x'.

I don't know what a 3 bar down or up is, but I certainly wouldn't ignore that area Balhana marked up.

Cheers T
  • #4,203
  • Nov 29, 2012 10:06pm Nov 29, 2012 10:06pm
Quoting DaGrizlyBull
What made you think that I know what a 3Drive is? I am here to learn about LJ's methods, unlike some...
Hi DG,

Please ignore it, sorry for that questions to not the right person

Thanks
  • #4,204
  • Nov 30, 2012 11:20am Nov 30, 2012 11:20am
NZD/CHF 4H
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  • #4,205
  • Nov 30, 2012 11:37am Nov 30, 2012 11:37am
AUD/USD 30M
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  • #4,206
  • Edited 2:55pm Nov 30, 2012 11:56am | Edited 2:55pm
Quoting Balhana
AUD/USD 30M
Same result, slightly different entry rationale...former zone edge and thus demand turned supply now consumed so entered on the retrace...two possible clear entry areas I got the higher one. Riding it to the next H1 resistance (H1 and M1 charts below).
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  • #4,207
  • Nov 30, 2012 12:00pm Nov 30, 2012 12:00pm
Up and down week for me but ended the week on a good note, simple Gold VLTF FB (entry on the retrace) from H1 ignored demand, riding it to the next H1 SR. (H1 and M1 charts below).
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  • #4,208
  • Dec 1, 2012 8:07am Dec 1, 2012 8:07am
Quoting Balhana
NZD/CHF 4H
Closed 2/3 @ 0.7615 for +40 pips (1.25R).
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  • #4,209
  • Dec 1, 2012 5:16pm Dec 1, 2012 5:16pm
I should really start getting into some stocks. Clear FB at major swing point, 500ish. (Apple D1 chart)
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  • #4,210
  • Dec 1, 2012 6:04pm Dec 1, 2012 6:04pm
Quoting 5.25
I should really start getting into some stocks. Clear FB at major swing point, 500ish. (Apple D1 chart)
This may sound dumb, but do brokers offer leverage with stocks?
I don't need easy. I just need possible.
  • #4,211
  • Dec 2, 2012 12:49am Dec 2, 2012 12:49am
Quoting lovejoy80
Same result, slightly different entry rationale...former zone edge and thus demand turned supply now consumed so entered on the retrace...two possible clear entry areas I got the higher one. Riding it to the next H1 resistance (H1 and M1 charts below).
Hi!! LJ,,,Balhana
happy to meet U guyes on the internet...

I've read almost all your threads thanks to your kindness and dedication.
Nevertheless, it's not quiet easy to pinpoint exact entry and SL.

I;m eager to learn PA trading, so I hope you to teach your experience....

LJ, I've got a few questions including your post about gold trading.

I understand your entry reason...but I thought entry point is around 1738.7, SL @ 1742

What's wrong with my entry and SL...

Btw, excuse me for my nonfluent English...
Attached Images
  • #4,212
  • Dec 2, 2012 3:21am Dec 2, 2012 3:21am
Quoting the12secret
Hi!! LJ,,,Balhana
happy to meet U guyes on the internet...
Welcome to the thread!!

I'm not LJ, and don't trade gold myself for some reasons, but just my two cents. Take a look at the attached chart.

BTW, I like the Korean text on your chart.
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  • #4,213
  • Dec 2, 2012 4:35am Dec 2, 2012 4:35am
Quoting Balhana
Welcome to the thread!!

I'm not LJ, and don't trade gold myself for some reasons, but just my two cents. Take a look at the attached chart.

BTW, I like the Korean text on your chart.
hello.balhana
I want to ask you about gbpchf.
I have been thinking about buying it.
If you trade it, What do you plan to entry and exit?
good bye.
https://www.tradingview.com/x/yKnwAUh1/
  • #4,214
  • Dec 2, 2012 8:35am Dec 2, 2012 8:35am
Quoting entheos
hello.balhana
I want to ask you about gbpchf.
I have been thinking about buying it.
If you trade it, What do you plan to entry and exit?
good bye.
https://www.tradingview.com/x/yKnwAUh1/
I'm still in NZD/CHF long, so don't want to increase my risk exposure on CHF. Anyway, take a look at the charts for my thoughts on GBP/CHF.
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  • #4,215
  • Dec 2, 2012 12:16pm Dec 2, 2012 12:16pm
Quoting Balhana
Welcome to the thread!!

I'm not LJ, and don't trade gold myself for some reasons, but just my two cents. Take a look at the attached chart.

BTW, I like the Korean text on your chart.
Balhana , this H1 demand looked strong . If I were here , I would have placed a buy order for the touch of it ... Was it an inevitable loss or is there something I am missing due to which this trade was not worth a buy trade /???
Human
  • #4,216
  • Dec 2, 2012 12:46pm Dec 2, 2012 12:46pm
Quoting the12secret
Hi!! LJ,,,Balhana
happy to meet U guyes on the internet...

I've read almost all your threads thanks to your kindness and dedication.
Nevertheless, it's not quiet easy to pinpoint exact entry and SL.

I;m eager to learn PA trading, so I hope you to teach your experience....

LJ, I've got a few questions including your post about gold trading.

I understand your entry reason...but I thought entry point is around 1738.7, SL @ 1742

What's wrong with my entry and SL...

Btw, excuse me for my nonfluent English...
Balhana answered it perfectly, there was ignored demand to the left (which was the basis of my short) a 15min DBD slightly higher and then the SR flip you have marked higher up - this in effect creates stacked supply zones.
  • #4,217
  • Dec 2, 2012 12:51pm Dec 2, 2012 12:51pm
Quoting Chanya
Balhana , this H1 demand looked strong . If I were here , I would have placed a buy order for the touch of it ... Was it an inevitable loss or is there something I am missing due to which this trade was not worth a buy trade /???
If you mean the long from the H1 demand at the 1734.70 area then yes this was a valid FTB setup and one which I took a loss on.

There was unusual order flow at the Comex open in that there was huge sell orders that entered the market which caused the massive spike that you can see on your chart.
  • #4,218
  • Dec 2, 2012 3:42pm Dec 2, 2012 3:42pm
Quoting Balhana
I'm still in NZD/CHF long, so don't want to increase my risk exposure on CHF. Anyway, take a look at the charts for my thoughts on GBP/CHF.
Thanks so much. Balhana.
Your analysis best.
  • #4,219
  • Dec 2, 2012 6:58pm Dec 2, 2012 6:58pm
Quoting Balhana
Closed 2/3 @ 0.7615 for +40 pips (1.25R).
Remainder got stopped out at BE+1.
  • #4,220
  • Dec 2, 2012 11:24pm Dec 2, 2012 11:24pm
Quoting lovejoy80
If you mean the long from the H1 demand at the 1734.70 area then yes this was a valid FTB setup and one which I took a loss on.

There was unusual order flow at the Comex open in that there was huge sell orders that entered the market which caused the massive spike that you can see on your chart.
Thanks LJ for the reply ... Was it a full loss or did you still manage to reduce the risk somehow ?
Human
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