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Trading is supply and demand

  • #301
  • Edited 8:42pm Jan 19, 2015 6:58pm | Edited 8:42pm
Quoting jusiur
here a nice mtf stoch by zznbrm {image}
Very good. Thx

Here is the compiled one.
Attached File(s)
File Type: ex4 Stoch-MTF-True.ex4   8 KB | 719 downloads
File Type: tpl M15_h1h4d1.tpl   2 KB | 524 downloads
  • #302
  • Jan 20, 2015 7:04pm Jan 20, 2015 7:04pm
Quoting FXyao
{quote} Very good. Thx Here is the compiled one. {file} {file}
With colors
Attached File(s)
File Type: tpl M15_h1h4d1.tpl   2 KB | 544 downloads
  • #303
  • Jan 22, 2015 1:39am Jan 22, 2015 1:39am
The key is seeing how price reacts to an oscillator that is going against the major trend.
  • #304
  • Jan 22, 2015 1:50am Jan 22, 2015 1:50am
Quoting investing101
The key is seeing how price reacts to an oscillator that is going against the major trend.
Master 101;

Please help us to understand more by a graph, I believed this is an art and from ur many past experiences. thx
  • #305
  • Jan 22, 2015 8:41am Jan 22, 2015 8:41am
Hello Yao,

by looking at the magnitute of the move, when you see shorter move, that's retracement. Another element is the time, it takes longer time and choppy movement when you see retracement. at the top of the retracement, that's when you go in.

another way to do this is using MACD as directional indicator, and stochastic as entry.

hope it helps.

LP
  • #306
  • Jan 22, 2015 11:53am Jan 22, 2015 11:53am
Quoting FXyao
{quote} Master 101; Please help us to understand more by a graph, I believed this is an art and from ur many past experiences. thx
I agree..a screenshot is very much needed for easier and faster understanding.

Quoting Low Profile
Hello Yao, by looking at the magnitute of the move, when you see shorter move, that's retracement. Another element is the time, it takes longer time and choppy movement when you see retracement. at the top of the retracement, that's when you go in. another way to do this is using MACD as directional indicator, and stochastic as entry. hope it helps. LP
could you provide with one too please? thx
YOUR MOTHERS ASS
  • #307
  • Jan 22, 2015 11:59am Jan 22, 2015 11:59am
{quote} could you provide with one too please? thx[/quote]

I am at work, I will post a chart to share with you when i get back to my computer.

cheeres

LP
  • #308
  • Jan 22, 2015 10:03pm Jan 22, 2015 10:03pm
Quoting santos23
Hey guys, I think ive finally seen the light with this method over this weekend whilst studying over the thread again, all i can say is that the overbought areas are not the main focus like everyone is making out, its all about when the higher timeframe oscillator leaves the overbought/sold area and the timeframe oscillator below that one goes against it briefly like a pull-back and back in direction with the higher TF, this is when you should get into the trade. {image}
Read post #303 by 101investing...he advises us to follow main trend, and see how 'price' response to the oscillator!
  • #309
  • Jan 22, 2015 10:06pm Jan 22, 2015 10:06pm
Quoting Low Profile
Hello Yao, by looking at the magnitute of the move, when you see shorter move, that's retracement. Another element is the time, it takes longer time and choppy movement when you see retracement. at the top of the retracement, that's when you go in. another way to do this is using MACD as directional indicator, and stochastic as entry. hope it helps. LP
I agree with Yao and others, a chart will speak clearer....please post chart.....
  • #310
  • Jan 22, 2015 10:34pm Jan 22, 2015 10:34pm
Guys it is about watching price action as price goes against the major trend. To do that you have to see things live not as a picture.
  • #311
  • Jan 23, 2015 11:13am Jan 23, 2015 11:13am
Quoting nsn14
{quote} I agree with Yao and others, a chart will speak clearer....please post chart.....
Please see chart. I dont mean to intrude 101's thread, I hope it helps other traders. MACD is directional indicator, so it shows the big trend. in the mean time, stoch is cyclical indicator, it shows cycles within the trend. By looking at the magnitude of the cycle we can indentify trend direction. Same Idea with the stoch. I post the pic just hope to help you understand. i'm at work, so i just post the online chart. sorry...

LP

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 121 KB
  • #312
  • Jan 23, 2015 11:22am Jan 23, 2015 11:22am
Quoting Low Profile
{quote} Please see chart. I dont mean to intrude 101's thread, I hope it helps other traders. MACD is directional indicator, so it shows the big trend. in the mean time, stoch is cyclical indicator, it shows cycles within the trend. By looking at the magnitude of the cycle we can indentify trend direction. Same Idea with the stoch. I post the pic just hope to help you understand. i'm at work, so i just post the online chart. sorry... LP {image}
Thanks LP

Attached Image


So from my understanding The price is reacting normally to the MACD and then there is a pullback upwards and price looks like it slows down, this is the time that the stochastic also goes into overbought and this would be our trade is this correct? thx
YOUR MOTHERS ASS
  • #313
  • Jan 23, 2015 11:26am Jan 23, 2015 11:26am
Quoting santos23
{quote} Thanks LP {image} So from my understanding The price is reacting normally to the MACD and then there is a pullback upwards and price looks like it slows down, this is the time that the stochastic also goes into overbought and this would be our trade is this correct? thx
BIngo, but becareful on one thing, the pic i showed is after the fact, in real time, its really hard to see, because the MACD could be sticking together (the lines), so its hard to tell if it will cross up and trend change to upside. But with the help of "going with the main trend", in this case, its down, you can pretty much nail it. plus if there is any major news come out during that time, it would act like catalyst and price dropped even faster.

hope it helps.

LP
  • #314
  • Jan 23, 2015 11:35am Jan 23, 2015 11:35am
Quoting Low Profile
{quote} BIngo, but becareful on one thing, the pic i showed is after the fact, in real time, its really hard to see, because the MACD could be sticking together (the lines), so its hard to tell if it will cross up and trend change to upside. But with the help of "going with the main trend", in this case, its down, you can pretty much nail it. plus if there is any major news come out during that time, it would act like catalyst and price dropped even faster. hope it helps. LP
I understand now, i believe that with practice it becomes easy

another small example below. Thanks again.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 72 KB
YOUR MOTHERS ASS
  • #315
  • Jan 23, 2015 12:10pm Jan 23, 2015 12:10pm
Quoting santos23
{quote} I understand now, i believe that with practice it becomes easy another small example below. Thanks again. {image}
congrats, you nailed it !

LP
  • #316
  • Jan 23, 2015 6:54pm Jan 23, 2015 6:54pm
i like it. thanks for sharing. I try to apply it and find useful so far!

pls find my idea of entry & exit attached. any comments welcome if that is applied the correct way.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 168 KB
  • #317
  • Jan 23, 2015 7:33pm Jan 23, 2015 7:33pm
Thank you for sharing your method Investing101 - using the oscillator to gauge supply and demand is brilliant.
Attached is an example of my interpretation. Following this method would have prevented you from being long on gbpchf when the **** hit the fan last week.

The top gray bar is supply. The stochastic: purple-MN, red-W1, green-D1.
The 1st arrow in the sub-window is when the MN started turning down from OB - back in December. Recall that Investing 101 stated not to go against the monthly osc. unless it was OB/OS and prices were consolidating.
The 2nd arrow shows D1 & W1 stoch in OB, after a relatively weak move into supply. Went short after the outside bar, then added 2 more positions as the D1 osc. moved up strongly while price, not so much. 1st target was 200 pips, 2nd & 3rd were swept down with the tsunami.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFDaily.png Size: 24 KB
  • #318
  • Jan 23, 2015 10:53pm Jan 23, 2015 10:53pm
Quoting Low Profile
Hello Yao, by looking at the magnitute of the move, when you see shorter move, that's retracement. Another element is the time, it takes longer time and choppy movement when you see retracement. at the top of the retracement, that's when you go in. another way to do this is using MACD as directional indicator, and stochastic as entry. hope it helps. LP
Thank you, low profile;

I can see there is a tight relationship between MACD and stochs, will study more. True, its a very great tool to see the move, many many thanks to ur contribution.

regards, Yao
  • #319
  • Jan 24, 2015 2:39am Jan 24, 2015 2:39am
Quoting nsn14
{quote} Read post #303 by 101investing...he advises us to follow main trend, and see how 'price' response to the oscillator!
Or even better, read post #21
:: everything is awesome ::
  • #320
  • Jan 25, 2015 5:04pm Jan 25, 2015 5:04pm
Quoting FXyao
{quote} Thank you, low profile; I can see there is a tight relationship between MACD and stochs, will study more. True, its a very great tool to see the move, many many thanks to ur contribution. regards, Yao
My Pleasure Yao.

Wish everyone success in forex trading.

Thanks

LP
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