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Price Action and Trading Discussion

  • #4,821
  • Mar 21, 2014 8:48am Mar 21, 2014 8:48am
Buying eurcad after it's pinging back from cad news for a quickie. I had a win on it yesterday too .
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.PNG Size: 69 KB
  • #4,822
  • Mar 21, 2014 9:29am Mar 21, 2014 9:29am
Quoting FXKabab
Watching GBPCAD for a buy.. Price support + demand level + round number + weekly pivot + daily S2 pivot + 50% fib, + harmonic ABCD completion = Lot's of confluence: {image}
I'm buying gbpcad too . Similar setup to eurcad.
  • #4,823
  • Mar 21, 2014 1:09pm Mar 21, 2014 1:09pm
Quoting jen101
{quote} I'm buying gbpcad too . Similar setup to eurcad.
Closed eurcad for about 20 pips and gbpcad for 3. Too much congestion and getting nervous about it.
  • #4,824
  • Mar 21, 2014 1:10pm Mar 21, 2014 1:10pm
Quoting jen101
{quote} Closed eurcad for about 20 pips and gbpcad for 3. Too much congestion and getting nervous about it.
No positions for me today, that's it now until Monday
  • #4,825
  • Mar 23, 2014 6:11am Mar 23, 2014 6:11am
Hello Ladies and Gent i am a big fan of Sam Seiden's work and i have been trading this system for more than 10months and i must say its an eye opener in the forex market most especially when combined with P. I have been following your thread and i want to say thanks to your effort. I trade SD in combination with Thomas Demark 'Trend Factor System' and the result is amazing when we have confluence as it has help me to filter most Supply and Demand zones that will not hold. i wish to volunteer for a willing Mt4 coder who can code this TD Trend Factor system so that we can all have a complete high probability winning system. a brief insight into the system is as follow, Demark came out with a number from division of fib levels and they are 1.00593 and 0.99444 and he says that price either advance or Declines with the multiplication of this numbers (1.00593 and 0.99444) in sequence, Hence we can also use the numbers from the series to find technical resistance and support zone which most of the time falls into SUPPLY and Demand ZONES.
it states that, if price have advance from a previous low with a minimum of '1.00593 * previous low', then we can calculate future support levels with '0.99444 * recent High'. also if we want to get future resistance we must first see a minimum of the first number of the sequence of 0.99444 * previous High and hence calculate calculate 1.00593 * recent low' to get future resistance levels. I have succeeded in writing this Math in excel cheat and plot levels manually but i need someone to code this system on MT4 as it will strongly increase our odds at buying and selling at various potential reversal zones.
  • #4,826
  • Mar 23, 2014 6:17am Mar 23, 2014 6:17am
the rules are:

1) the high of a currency pair should be multiply by 0.99444 and generating a series of 8 level for potential support

2)the low of a currency pair should be multiply by 1.00593 and generate series of 8 levels for potential resistance.

3) in order to identify a High we will need three candle formation below a high.

4) in order to identify a Low we will need three candle formation above the most recent Low.

5)In order to Multiply a High by 0.99444 rule number (4)and (2) with minimum of level one (first Resistance) must be achieved

6) in order to multiply a Low by 1.00593 rule number (3) and (1) with minimum of level 1 (i.e first support of the eight series must be meant.)
Attached File(s)
File Type: xlsx TD Trend faztor 1.xlsx   10 KB | 361 downloads
Attached File(s)
File Type: xlsx TD TREND FACTOR.xlsx   9 KB | 333 downloads
  • #4,827
  • Mar 23, 2014 6:19am Mar 23, 2014 6:19am
The attached is How i use the system with combination of supply and demand levels to trade trend continuation once momentum has been established at PRZ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzdm15.png Size: 62 KB
Click to Enlarge Name: gbpnzdm155.png Size: 56 KB
  • #4,828
  • Mar 23, 2014 6:42am Mar 23, 2014 6:42am
my view for GbpCad i will prefer to go long @1.8342 as it has the highest winning probability that is if we see price at 1.8342
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm30.png Size: 64 KB
  • #4,829
  • Mar 23, 2014 8:21am Mar 23, 2014 8:21am
Quoting jen101
{quote} I'm buying gbpcad too . Similar setup to eurcad.
cad is weak on a/c, e/c, u/c - all 3 pairs were heading north in the past week.
gbp is also weak in the recent weak.
making g/c not moving much.
maybe this coming week she will show the direction
http://www.forexfactory.com/showthre...73#post7357273

cheers
  • #4,830
  • Mar 23, 2014 8:46am Mar 23, 2014 8:46am
Quoting jen101
{quote} Closed eurcad for about 20 pips and gbpcad for 3. Too much congestion and getting nervous about it.
i think e/cad is fine. likely continue to move higher.
just my 2 cents opinion

cheers
  • #4,831
  • Mar 24, 2014 4:25am Mar 24, 2014 4:25am
Hi Guys,

Hope you all had a great weekend.

EURUSD 4 hourly position that I had late last week was taken out at the break even level that I had put in.

Have only just got the charts for the day. EURAUD hourly on looks like something that I may have taken a trade from at the close of the last bar, however potentially did not close low enough breaking the lows.

Although I am not in the trade, I most likely would have targeted somewhere just above the 1.5100 level.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,832
  • Mar 24, 2014 4:27am Mar 24, 2014 4:27am
I may also try and do a bit of 4 hourly analysis over the next few weeks as I do seem to be getting the charts a little later each day, with a few things going on. Guess I will just see how it goes with all things time related.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,833
  • Mar 24, 2014 4:28am Mar 24, 2014 4:28am
Quoting SnactchiFX
Hello Ladies and Gent i am a big fan of Sam Seiden's work and i have been trading this system for more than 10months and i must say its an eye opener in the forex market most especially when combined with P. I have been following your thread and i want to say thanks to your effort. I trade SD in combination with Thomas Demark 'Trend Factor System' and the result is amazing when we have confluence as it has help me to filter most Supply and Demand zones that will not hold. i wish to volunteer for a willing Mt4 coder who can code this TD Trend Factor...
Hi SnatchiFX,

Sorry, but if you would like to spruik a particular trading system, I would suggest opening up a relevant thread to that topic.

Cheers.

DW.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,834
  • Mar 24, 2014 4:31am Mar 24, 2014 4:31am
EURUSD just had a rather solid rejection away from the 1.3800 level
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,835
  • Mar 24, 2014 5:42am Mar 24, 2014 5:42am
Quoting DarkWolF
EURUSD just had a rather solid rejection away from the 1.3800 level
Unfortunately I just missed it, was still sleeping..
Would have gone short around 1.3795..

Looking for a entry if it retraces
  • #4,836
  • Mar 24, 2014 6:06am Mar 24, 2014 6:06am
Maybe I've got my mojo back or maybe fairy godmother is being nice to me...

4 winners so far this morning; it all happened rather quickly - shorted audchf and bought euraud last night as soon as the market opened and bought gbpchf and shorted eurgbp this morning. Nice boost . I won't bore you with hindsight charts. This will be a good week.

Ok just bought eurusd.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.PNG Size: 55 KB
  • #4,837
  • Mar 24, 2014 6:32am Mar 24, 2014 6:32am
Quoting jen101
Maybe I've got my mojo back or maybe fairy godmother is being nice to me... 4 winners so far this morning; it all happened rather quickly - shorted audchf and bought euraud last night as soon as the market opened and bought gbpchf and shorted eurgbp this morning. Nice boost . I won't bore you with hindsight charts. This will be a good week. Ok just bought eurusd. {image}
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,838
  • Mar 24, 2014 6:39am Mar 24, 2014 6:39am
Quoting DarkWolF
Hi Guys, Hope you all had a great weekend. EURUSD 4 hourly position that I had late last week was taken out at the break even level that I had put in. Have only just got the charts for the day. EURAUD hourly on looks like something that I may have taken a trade from at the close of the last bar, however potentially did not close low enough breaking the lows. Although I am not in the trade, I most likely would have targeted somewhere just above the 1.5100 level.
The EURAUD hourly. Missed the entry, so was not in the trade.

The likely target area was pretty much to the pip.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 174 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,839
  • Mar 24, 2014 8:29am Mar 24, 2014 8:29am
Going on a buying spree on euro and swiss franc.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.PNG Size: 67 KB
  • #4,840
  • Mar 24, 2014 10:39am Mar 24, 2014 10:39am
Quoting jen101
Going on a buying spree on euro and swiss franc. {image}
Feeling flushed / mad .
Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.PNG Size: 68 KB
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