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Another simple system - Time-Frame 15

  • #22,121
  • Aug 12, 2013 7:37am Aug 12, 2013 7:37am
Quoting pkimnyc
{quote} NEVER EVER use indicator to tell you the zones. train your eyes to see where those buyers and sellers are camped at. it's not a rocket science. indicators are designed for something else, not to indicate buyers and sellers, period. rare opportunity at Tokyo open. they don't come often, but you get the idea. entry bar is self explanatory, imo. {image}
Sure, I get what your saying. It just helped me out in catching these zones that I missed.
  • #22,122
  • Aug 12, 2013 7:39am Aug 12, 2013 7:39am
Quoting adrianmay
{quote} Sure, I get what your saying. It just helped me out in catching these zones that I missed.
if you miss it, you miss it. you won't get every zones even when you are experienced.
  • #22,123
  • Aug 12, 2013 7:44am Aug 12, 2013 7:44am
Quoting pkimnyc
{quote} if you miss it, you miss it. you won't get every zones even when you are experienced.
Good advice, removed so I don't end up relying on it, thanks.

Still getting a handle on the SD but I think i can get it without the indi.
  • #22,124
  • Aug 12, 2013 7:45am Aug 12, 2013 7:45am
Quoting pkimnyc
this is where buyers are camped at. bids from 3270-3250. good place to unload, if you were selling. offer from 3350, 3400-3420.

i have the same idea. after reading the book " bs trading" i saw this zone buy mysefl. it's really cool. after reading and digging a book. i found something new and helpful.
someone say "you dont know what you dont know". from now on i have to spend a lot of time to read book and follow it until i can master the key.

Thanks for your help Pkimnyc
TRy my best to learn
  • #22,125
  • Edited 12:01pm Aug 12, 2013 11:27am | Edited 12:01pm
Quoting thaihoc
{quote} i have the same idea. after reading the book " bs trading" i saw this zone buy mysefl. it's really cool. after reading and digging a book. i found something new and helpful. someone say "you dont know what you dont know". from now on i have to spend a lot of time to read book and follow it until i can master the key. Thanks for your help Pkimnyc
good that you saw that zone. i'm in sell on rally mode. But its important to trade your plan.
  • #22,126
  • Aug 13, 2013 12:22am Aug 13, 2013 12:22am
Quoting pkimnyc
this is where buyers are camped at. bids from 3270-3250. good place to unload, if you were selling. offer from 3350, 3400-3420.
Hi Pkimnyc,
I put on same screen S-D zones and bid and offers (latest found), looks like they are corelated (and I think they should be...) traders puting them also watch at sam chart and see history..? .... I am watching for time being only...
Attached Image (click to enlarge)
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JacekPreserve Precious Capital
  • #22,127
  • Edited 1:28am Aug 13, 2013 1:06am | Edited 1:28am
Quoting Jackub
{quote} Hi Pkimnyc, I put on same screen S-D zones and bid and offers (latest found), looks like they are corelated (and I think they should be...) traders puting them also watch at sam chart and see history..? .... I am watching for time being only... {image}
jackup, now you are over complicating things, imo. i'm assuming you are using some sort of indicator for sd zones. if it is true then get rid of them.

key zone for bear tonight should be around 3320-3330. that gets taken out then the next one is 3380-3400. key zone for bulls tonight is right here. real key zone for bulls is around 3200 area.

bids and offers doesn't mean price will hit those numbers and reverse. let's say if the buy stop is around 3350-3360 and if they are large enough, when they get triggered, price will shoot up 20-30 pips higher. that will get us to the extreme supply zone.

i think traders will focus today on UK CPI and German ZEW data. until then? range...

btw, in some situations, it will be confusing. if it is too confusing then skip it until it becomes clear.
  • #22,128
  • Aug 13, 2013 1:30am Aug 13, 2013 1:30am
Quoting pkimnyc
{quote} jackup, now you are over complicating things, imo. i'm assuming you are using some sort of indicator for sd zones. if it is true then get rid of them. key zone for bear tonight should be around 3320-3330. that gets taken out then the next one is 3380-3400. key zone for bulls tonight is right here. real key zone for bulls is around 3200 area. bids and offers doesn't mean price will hit those numbers. let's say if the buy stop is around 3350-3360 and if they are large enough, when they get triggered, price will shoot up 20-30 pips higher....
Pkimnyc,
after one of your earlier posts I resigned using SD indi and I am trainig to drew all zones myself. Just tool extend it when new candle apears, and shows the range...
I am in little, how to say, dizziness...?
Appears a lot of black holes in my forex education.

Thanks!
JacekPreserve Precious Capital
  • #22,129
  • Aug 13, 2013 2:07am Aug 13, 2013 2:07am
Quoting pkimnyc
{quote) bids and offers doesn't mean price will hit those numbers and reverse.
I do undersand this, but what will happen in this area depends on liquidity on this level,right ?
JacekPreserve Precious Capital
  • #22,130
  • Aug 13, 2013 2:10am Aug 13, 2013 2:10am
I need to believe that all big market participant fight not only against reatail traders??? Do they??
JacekPreserve Precious Capital
  • #22,131
  • Aug 13, 2013 2:10am Aug 13, 2013 2:10am
Quoting Jackub
{quote} I do undersand this, but what will happen in this area depends on liquidity on this level,right ?
yes. most times, price itself tells the story.
  • #22,132
  • Aug 13, 2013 2:12am Aug 13, 2013 2:12am
Quoting Jackub
I need to believe that all big market participant fight not only against reatail traders??? Do they??
it's the battle between them. we are not even in the part of their equation, unless you have multi billion $ account.
  • #22,133
  • Aug 13, 2013 2:20am Aug 13, 2013 2:20am
AUD/JPY +57 pips
Attached Image
  • #22,134
  • Aug 13, 2013 2:21am Aug 13, 2013 2:21am
Quoting pkimnyc
{quote} it's the battle between them. we are not even in the part of their equation, unless you have multi billion $ account.
nice Avatar...
JacekPreserve Precious Capital
  • #22,135
  • Aug 13, 2013 2:24am Aug 13, 2013 2:24am
Quoting Jackub
{quote} nice Avatar...
lol. thanks.
  • #22,136
  • Aug 13, 2013 6:26am Aug 13, 2013 6:26am
what do u think if i find a good chance to make a long in this area ?
i wait for a comfirmation of TDI of rejection of EMA?
http://i803.photobucket.com/albums/y...psa5b66eec.png
TRy my best to learn
  • #22,137
  • Aug 13, 2013 6:49am Aug 13, 2013 6:49am
Quoting thaihoc
what do u think if i find a good chance to make a long in this area ? i wait for a comfirmation of TDI of rejection of EMA? {image}
With in hour we have news from USA
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JacekPreserve Precious Capital
  • #22,138
  • Aug 13, 2013 7:19am Aug 13, 2013 7:19am
Quoting Jackub
{quote} With in hour we have news from USA {image}

oh yeah. thanks for that note.
TRy my best to learn
  • #22,139
  • Aug 13, 2013 7:47am Aug 13, 2013 7:47am
Quoting thaihoc
what do u think if i find a good chance to make a long in this area ? i wait for a comfirmation of TDI of rejection of EMA? {image}
why is that a demand zone?
  • #22,140
  • Aug 13, 2013 7:59am Aug 13, 2013 7:59am
the first trade, today.
http://charts.mql5.com/2/263/audusd-...arkets-ltd.png
TRy my best to learn
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