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Price Will Tell - Supply/Demand Price Action Trading

  • #81
  • Mar 6, 2015 3:55am Mar 6, 2015 3:55am
And there we have it folks. I'm not a winner today!

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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #82
  • Mar 6, 2015 3:57am Mar 6, 2015 3:57am
Great thread guys.

Myself, I'm a huge fan of supply/demand and price action.
Wish all the traders the best of luck.
Wanting to be someone else is a waste of who you are. - KC.
  • #83
  • Mar 6, 2015 4:13am Mar 6, 2015 4:13am
How do you handle risk? stop loss?
  • #84
  • Mar 6, 2015 4:16am Mar 6, 2015 4:16am
support turning to resistance and vice versa is definitely good better than trading support retouches or resistance retouches against the trend..Though I would stick to only strongly visible ones on a decent time frame like atleast H1. It also depends on which session you're trading, levels can probably be expected to have more hold and respect during asia session and to be disrespected during euro and usa.
  • #85
  • Mar 6, 2015 4:18am Mar 6, 2015 4:18am
Quoting justin7
support turning to resistance and vice versa is definitely good better than trading support retouches or resistance retouches against the trend..Though I would stick to only strongly visible ones on a decent time frame like atleast H1. It also depends on which session you're trading, levels can probably be expected to have more hold and respect during asia session and to be disrespected during euro and usa.
How do you quantify that?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #86
  • Mar 6, 2015 4:23am Mar 6, 2015 4:23am
Quoting By_Tor2114
{quote} How do you quantify that?
everything I said? experience. many hours marking out s/r levels. both support turning to resistance and support levels and studying market reaction to them. studying s/r breaks studying behavior during particular sessions. I've traded down to the 1m chart as well. Much time studying s/r bounces.

Usually support turning to resistance or resistance turning to support has more respect I think than trading support/resistance touches over again. It just depends on how strong the level is and what time frame it's significant on. The higher time frame an s/r level is clear on the more strength it has. I think everyone can agree that higher time frame outlooks supersede a smaller ones
  • #87
  • Mar 6, 2015 4:28am Mar 6, 2015 4:28am
Quoting By_Tor2114
{quote} How do you quantify that?
that looks like what happened on the chart you posted. support turned to resistance and bounced off almost down to the pip.
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  • #88
  • Mar 6, 2015 4:32am Mar 6, 2015 4:32am
Yeah, as pointed out in my original image, there was always the chance that it would bounce from the flip point. However, I wasn't prepared to pay that price. In hindsight, the compression up to that point was a possible signal that price was going to fall at least to the bottom, which would have made for an acceptable entry at the flip.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #89
  • Mar 6, 2015 4:34am Mar 6, 2015 4:34am
Quoting By_Tor2114
Yeah, as pointed out in my original image, there was always the chance that it would bounce from the flip point. However, I wasn't prepared to pay that price. In hindsight, the compression up to that point was a possible signal that price was going to fall at least to the bottom, which would have made for an acceptable entry at the flip.
of course. are you marking out these zones yourself? good job very minimized there on the risk and provide a nice range.
  • #90
  • Mar 6, 2015 4:39am Mar 6, 2015 4:39am
Yes, I mark zones myself. In the case of that UJ area, I didn't like how much spiking was going on. If I enter in a zone like that, then I aim for the best price possible. Sometimes it means not getting filled, but I'd rather that than end up getting in at a bad price.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #91
  • Mar 6, 2015 5:06am Mar 6, 2015 5:06am
.... another way of looking at UJ but I do take the point of not wanting to sell it at the lower price

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  • #92
  • Mar 6, 2015 5:10am Mar 6, 2015 5:10am
Damn, GJ 100 pips and it's not even NFP yet
  • #93
  • Mar 6, 2015 5:16am Mar 6, 2015 5:16am
Quoting simond2002
.... another way of looking at UJ but I do take the point of not wanting to sell it at the lower price {image}
These are the many ways to skin a cat...

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I don't think much else will present itself now, but I'll hang on until lunchtime.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #94
  • Mar 6, 2015 6:40am Mar 6, 2015 6:40am
Quoting By_Tor2114
{quote} These are the many ways to skin a cat... {image} I don't think much else will present itself now, but I'll hang on until lunchtime.
The market is busy making me look stupid...


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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #95
  • Mar 6, 2015 6:48am Mar 6, 2015 6:48am
Quoting By_Tor2114
{quote} The market is busy making me look stupid... {image}
levels like that are more respected and valid during asia session imo for scalps as I said than during euro or usa. usa and euro disrespect all of those 5/15m levels
  • #96
  • Mar 6, 2015 6:52am Mar 6, 2015 6:52am
Just to clarify, the green box would have been a target rather than a turning point. This is in regards to the compression.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #97
  • Mar 6, 2015 6:54am Mar 6, 2015 6:54am
Quoting By_Tor2114
Just to clarify, the green box would have been a target rather than a turning point. This is in regards to the compression.
okay nvm then lol
  • #98
  • Mar 6, 2015 8:40am Mar 6, 2015 8:40am
good level to buy uj from on the retrace down for atleast a scalp? Let's see if price bounces off of it.

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  • #99
  • Mar 6, 2015 8:46am Mar 6, 2015 8:46am
If it's a false peak then I think this price point will hold since it looks more valid. about 10 pips lower


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  • #100
  • Mar 6, 2015 9:09am Mar 6, 2015 9:09am
UJ monthly chart.

Depends on how Abe's feeling I guess as to whether or not it turns for a significant retrace.
On the monthly it can still be quite some time before any decent short signal sets up so intra-day
longs would still be valid for me here. Nevertheless, still a good idea to place some thick lines
on our UJ charts between 121.71 and 124.13.

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