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Price is everything

  • #29,461
  • Jan 21, 2015 9:18am Jan 21, 2015 9:18am
Quoting Winston Reed
Engulf! Half off. Rest at BE. {image}

It is sure nice when the central banks help our trades. Need to send over a Padron as a thank you.


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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #29,462
  • Jan 21, 2015 9:37am Jan 21, 2015 9:37am
Quoting Rufus
{quote} To answer the question on your chart. Comes down to your trading plan as to whether or not you take a position there. Some traders play retests. It also depends on what time frame you take your entry. So a lot of variables for an answer to your question. I see now that it moved 87 pips. To my style of trading it was a beauty. If a trader waited for a 4h confirming candle probably not so much. Hope that helps a little
Thank you for reply.
  • #29,463
  • Jan 22, 2015 1:05am Jan 22, 2015 1:05am
hi i want ask how to download price is everything pdf? (392page 52mb) file?
http://www.scribd.com/doc/166058758/...rything#scribd this can only online view
i want the download url
thanks
  • #29,464
  • Jan 22, 2015 5:25am Jan 22, 2015 5:25am
Quoting eaglestar
Great Minds think alike! Here is some thoughts on h4 UJ... also CADJPY...In NZDJPY for over +100 at the moment... holding for swing position possibly. By using larger timeframe fibs on intraday charts... you can find some huge trading opportunities. I may make a thread about this in the future. {image} {image} {image}
Took the NZDJPY for a 240 pip ride south. UJ and CADJPY also gave a lot of pips after I called to short. Rufus were you in any Yen drops? Green pips to all. I think EURUSD may be spiking up.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #29,465
  • Jan 22, 2015 5:59am Jan 22, 2015 5:59am
Longs may work on EJ until upper zone, where you could go short for a few pips if it reaches.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #29,466
  • Jan 22, 2015 8:11am Jan 22, 2015 8:11am
Quoting eaglestar
Longs may work on EJ until upper zone, where you could go short for a few pips if it reaches. {image}
Your H4 chart was showing opposite story
  • #29,467
  • Jan 22, 2015 10:09am Jan 22, 2015 10:09am
Quoting NaughtyPip
{quote} Your H4 chart was showing opposite story
Yes you are correct... the h4 is still in a major downtrend. ECB news came out and shorts took over. I was waiting until upper supply to short if news was bullish.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #29,468
  • Jan 22, 2015 11:06am Jan 22, 2015 11:06am
Quoting eaglestar
{quote} Yes you are correct... the h4 is still in a major downtrend. ECB news came out and shorts took over. I was waiting until upper supply to short if news was bullish. {image}

Price made new supply on this one around reaction area, with 3 pa's.. Anyway, I missed it

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  • #29,469
  • Jan 22, 2015 7:45pm Jan 22, 2015 7:45pm
Scalping AU on the m1. Half closed.

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  • #29,470
  • Jan 23, 2015 10:03am Jan 23, 2015 10:03am
Half off.

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  • #29,471
  • Jan 23, 2015 10:13am Jan 23, 2015 10:13am
All out. Fresh retest of supply.

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  • #29,472
  • Jan 23, 2015 12:27pm Jan 23, 2015 12:27pm
Thought I’d answer some PM’s here about my trading style.

This is likely the way a supply/demand trader will mark a chart. The purple zones emanate from areas at the left where price fell rather dramatically. The red arrows show where price returned and then again sold off. The theory is that sellers with unfilled orders or perhaps new sellers are waiting in these areas to try to sell again. You can see in each case this worked very well.


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  • #29,473
  • Jan 23, 2015 12:29pm Jan 23, 2015 12:29pm
The salmon colored zones show a couple of zones that failed. This if just for illustration purposes and being this is Friday we could speculate about many reasons why these zones failed. The point is that very good looking zones often fail.

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  • #29,474
  • Jan 23, 2015 12:31pm Jan 23, 2015 12:31pm
Failed zones occur frequently on all time frames. For the most part I tend not to trade zones this way. Instead I prefer for a zone to be engulfed then trade when price returns to the area of the engulf.

The red arrow shows where price returned to an engulfed supply zone. I try to trade to the next supply zone and take some off then let the rest go at BE and see if it will keep going perhaps to the next zone. Many call these engulfs “flips”. Either way it is my preferred way to trade.

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  • #29,475
  • Jan 23, 2015 12:38pm Jan 23, 2015 12:38pm
Another way to view "flip" zones is resistance becoming support or support becoming resistance (supply becoming demand or demand becoming supply). When an area is engulfed I wait for a retrace to the area of the engulf. For example if a supply area is engulfed as shown above then I wait for price to come back to the area. The area from which to go long is difficult to explain exactly but it seems there are often smaller demand areas that were created with the engulf that one can use as an area to initiate the trade.
  • #29,476
  • Jan 25, 2015 9:38am Jan 25, 2015 9:38am
UCAD Daily

Price at Daily Supply, First Visit to Zone (Formed at 2009), Oscillator Over Bought, SemaFor 3 level.
(On H1, Engulf Candle form)......... is it time to short?
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  • #29,477
  • Jan 25, 2015 9:44am Jan 25, 2015 9:44am
AUDUSD Weekly
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  • #29,478
  • Jan 25, 2015 4:43pm Jan 25, 2015 4:43pm
Quoting marc2014
UCAD Daily Price at Daily Supply, First Visit to Zone (Formed at 2009), Oscillator Over Bought, SemaFor 3 level. (On H1, Engulf Candle form)......... is it time to short? {image}

Hey Marc,
You probably already know this but just in case.....the semafor is a repainting indicator.

For sure we are in a weekly/daily supply and have been for some time. Despite this nice looking level it is possible for it to be broken. I'm looking at lower time frames for areas to short from but I would not hesitate to buy if the right engulf occurred on LTF.
  • #29,479
  • Jan 25, 2015 6:41pm Jan 25, 2015 6:41pm
Quoting Winston Reed
{quote} Hey Marc, You probably already know this but just in case.....the semafor is a repainting indicator. For sure we are in a weekly/daily supply and have been for some time. Despite this nice looking level it is possible for it to be broken. I'm looking at lower time frames for areas to short from but I would not hesitate to buy if the right engulf occurred on LTF.
Thanks WR for this.
  • #29,480
  • Jan 25, 2015 9:36pm Jan 25, 2015 9:36pm
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