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Price is everything

  • #28,841
  • Jun 19, 2013 1:55pm Jun 19, 2013 1:55pm
Quoting Robby
{quote} Ben is talking...so It could go anywhere!
PRICE IS EVERYTHING .................THAT MEANS THAt TECHS ARES ALL THAT YOU LOOK AT...not some little shit trying to control us.
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All systems of divination, like music itself,work through patterns.
  • #28,842
  • Jun 22, 2013 3:24pm Jun 22, 2013 3:24pm
Quoting kaspopsicle
{quote} PRICE IS EVERYTHING .................THAT MEANS THAt TECHS ARES ALL THAT YOU LOOK AT...not some little shit trying to control us. {image}


Have to agree. By default the fundamentals have to be reflected by the recorded pa and thereby establish our supply/demand zones.

Here's to Red.

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Charts are limited in nature. What is the relative location?
  • #28,843
  • Jun 24, 2013 3:59pm Jun 24, 2013 3:59pm
Quoting redsword11
{quote} {image} Will just have to watch how this resolves regarding dollar, don't actually like the market today - a little off the mark Red
how does one tell if wicks are rejection or if they are using up supply/demand? just wait for an engulfing pattern?

sorry if this has been answered. been going through the thread slowly and ive been wondering what others opinions were about this.
  • #28,844
  • Jun 25, 2013 12:03am Jun 25, 2013 12:03am
Quoting mmb91
{quote} how does one tell if wicks are rejection or if they are using up supply/demand? just wait for an engulfing pattern? sorry if this has been answered. been going through the thread slowly and ive been wondering what others opinions were about this.

The wicks are always chewing away at the supply and demand. We don't know who will prevail until we see engulfing or the zone fail.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,845
  • Jun 25, 2013 10:51am Jun 25, 2013 10:51am
Quoting Rufus
{quote} The wicks are always chewing away at the supply and demand. We don't know who will prevail until we see engulfing or the zone fail.
are there any rules about the size of the engulfing candle? say price is in a small range and there are long wicks going in both directions. would the engulfing have to swallow the wick too in this case?
  • #28,846
  • Jun 25, 2013 12:04pm Jun 25, 2013 12:04pm
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after the initial drop in the rectangle on the right side of the screen, a bearish engulfing is formed three bars after the large downward candle. would that be a valid engulfing? it seems that since demand was seen in the candles to the left, with rejection wicks, price could go down more.
  • #28,847
  • Jun 25, 2013 11:25pm Jun 25, 2013 11:25pm
Quoting mmb91
{quote} are there any rules about the size of the engulfing candle? say price is in a small range and there are long wicks going in both directions. would the engulfing have to swallow the wick too in this case?
All the engulf is doing is showing that the buyers are exceeding sellers or visa versa. At times it becomes a judgment call on your part. The thing is don't let wicks or anything else confuse the issue. If the trade is there...take it. You don't win them all we are working toward winning most. There are four possible outcomes to any trade.

1. Small win
2. Small loss
3. Big win
4. Big loss

We only need to eliminate #4 to be profitable.

So simple is the key.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,848
  • Jun 25, 2013 11:27pm Jun 25, 2013 11:27pm
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If this happens in a supply zone you take the position if there is room for profit
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,849
  • Jun 25, 2013 11:30pm Jun 25, 2013 11:30pm
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Piece still left for potential larger move. Took first chunk off at 40 pips
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,850
  • Jul 5, 2013 1:16pm Jul 5, 2013 1:16pm
Was thinking about this thread today while selling oz.

This one is for the old times.
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  • #28,851
  • Jul 5, 2013 1:17pm Jul 5, 2013 1:17pm
Quoting Tyoon
Was thinking about this thread today while selling oz. This one is for the old times. {image}


Possibly some of the best chart commentary...
  • #28,852
  • Jul 5, 2013 2:09pm Jul 5, 2013 2:09pm
What about using renko charts and enable to show wicks, and put SD zones on wicks?
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  • #28,853
  • Jul 5, 2013 2:33pm Jul 5, 2013 2:33pm
Quoting redsword11
price can't hide from us fcuker
...EU, DX and some liquid DX, we c you
tnx red

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Sometime the horizon disappear. Twitter: @_whiteout
  • #28,854
  • Jul 5, 2013 7:17pm Jul 5, 2013 7:17pm
Very nice....As Red would often say..."Epic" KABOOOOOOOOOOOM
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,855
  • Jul 11, 2013 9:46am Jul 11, 2013 9:46am
Quoting Rufus
{image} If this happens in a supply zone you take the position if there is room for profit
if theres a range in a supply/demand zone, should the engulfing close outside of the zone to be considered a valid confirmation?
  • #28,856
  • Jul 11, 2013 8:38pm Jul 11, 2013 8:38pm
Quoting mmb91
{quote} if theres a range in a supply/demand zone, should the engulfing close outside of the zone to be considered a valid confirmation?

Usually a "range" is between zones. As for a candle closing outside the zone. Gets into preference again. I will trade a 4h zone with 5m candles looking for rejection. Others will use different things. To me it is kinda along the lines of learning your personality with the charts. Usually I don't care if a candle closes or not. The close of a candle is simply a trigger for someone to trade. But it is completely arbitrary in relation to the overall price movement.

I hope that make some sense. Or another way of thinking about it is that price does not stop when a candle closes. So it is up to each trader to determine how to initiate the position. What is comfortable to you
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,857
  • Jul 12, 2013 12:20am Jul 12, 2013 12:20am
I was thinking about my last post here.


I think to often we are looking for "rules" to trade. We want this to cross that. Or such and such to line up with the hootenanny. The flimflam in order with the biorhythmic shocker. After a few years now I have come to the conclusion that there are no rules to trading. I doubt there are any two people who trade exactly alike. No doppelganger for traders..

Each has to find their own path and it can be done with the help of others. But I believe it all comes down to you. The founder of this thread let people bumble along but guided them so they bumbled in the right direction. Then each was able to develop their own trading personality.

So the point of this rambling muse is that not to get to hung up on tiny little details. The chart is observed as a whole to determine the weakness. Like playing chess, the whole board has to be understood to mount an attack yet still keep your defenses strong. Then once the weakness is found you mount your attack. Every position is a winner, it goes to your target or it hits a stop...worked perfectly.

If Red were watching this he would be telling me "charts not chats" So TTFN
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #28,858
  • Jul 12, 2013 12:41am Jul 12, 2013 12:41am
Do you guys really think indicators work?
  • #28,859
  • Jul 12, 2013 9:39am Jul 12, 2013 9:39am
Quoting Rufus
I was thinking about my last post here. I think to often we are looking for "rules" to trade. We want this to cross that. Or such and such to line up with the hootenanny. The flimflam in order with the biorhythmic shocker. After a few years now I have come to the conclusion that there are no rules to trading. I doubt there are any two people who trade exactly alike. No doppelganger for traders.. Each has to find their own path and it can be done with the help of others. But I believe it all comes down to you. The founder of this thread let people...
Hey Rufus

I hope I am not that Red you are referring to (lol...) as I am just in to this thread...
Well said Rufus, I have my own style too and you will be surprised to know that I trade naked chart/price and no indicators...
Will post my successful charts soon...
  • #28,860
  • Jul 12, 2013 9:50am Jul 12, 2013 9:50am
Quoting eleva_urune
Do you guys really think indicators work?
sure, as the title of the treadh suggest we trade only moving average crossover, you know when the 50 ema cross the 360 sma buy, sell when the 360 cross the 50. of course, NEVER USE this method whit a full-moon, on the other days, it's ok.
Sometime the horizon disappear. Twitter: @_whiteout
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