Price Will Tell - Supply/Demand Price Action Trading | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Action + Demand & Supply Zone + Money Management 0 replies

Can anyone tell me how to pull a graph of my trading performance 2 replies

trading pivot points. how to tell if support/resistance will hold? 23 replies

CAN Somebody tell me what are the trading hours 4 replies

Tell me about different methods and issues of news trading 10 replies

Attachments: Price Will Tell - Supply/Demand Price Action Trading
Exit Attachments

Price Will Tell - Supply/Demand Price Action Trading

  • #121
  • Mar 9, 2015 8:01am Mar 9, 2015 8:01am
Quoting simond2002
{quote} Re the above post: MTFA suggested M15 for an entry. Entry candle is the white arrow. Market has now taken out the swing low, therefore trade is protected. This will now either run to target or stop me at b/e+ {image}
Simon,

I know we enter differently (That sounds wrong!), but would you also look to take an entry like this as well?

Attached Image (click to enlarge)
Click to Enlarge Name: 03.09.2015-13.00.png Size: 27 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #122
  • Edited 9:00am Mar 9, 2015 8:49am | Edited 9:00am
Finally got in on something. I think it's likely the rest will be out at BE, but we'll just have to wait and see. It seems unlikely that we'll get a move all the way to the bottom without a larger pullback first, but who knows?

Attached Image (click to enlarge)
Click to Enlarge Name: 03.09.2015-13.39.png Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 03.09.2015-13.42.png Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 03.09.2015-13.47.png Size: 119 KB


UPDATE:

Attached Image (click to enlarge)
Click to Enlarge Name: 03.09.2015-13.59.png Size: 51 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #123
  • Mar 9, 2015 9:26am Mar 9, 2015 9:26am
Quoting By_Tor2114
{quote} Simon, I know we enter differently (That sounds wrong!)
Hehe - quite...

Quoting By_Tor2114
{quote}would you also look to take an entry like this as well? {image}
This is a difficult one. In this scenario I wouldn't (and didn't) enter on the outside bar due to the green momentum
candles to the left. On this occasion I waited until the candle after the outside bar, and after not seeing any evidence
that the market wished to turn higher, pulled the trigger.
  • #124
  • Mar 9, 2015 9:44am Mar 9, 2015 9:44am
Just got back from my afternoon run, and this is how AU played out.

Attached Image (click to enlarge)
Click to Enlarge Name: 03.09.2015-14.43.png Size: 50 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #125
  • Mar 9, 2015 9:46am Mar 9, 2015 9:46am
Quoting simond2002
{quote} Hehe - quite... {quote} This is a difficult one. In this scenario I wouldn't (and didn't) enter on the outside bar due to the green momentum candles to the left. On this occasion I waited until the candle after the outside bar, and after not seeing any evidence that the market wished to turn higher, pulled the trigger.
That makes sense. I'm not one for entering on candle closes, as I find I'm terrible at watching price once it gets to a zone. We both look for confirmations, just in different ways. I think they can both be equally as effective, but it just comes down to the trader.

P.S Hit me up on Skype when you're free. I was just going to run something by you.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #126
  • Mar 9, 2015 10:56am Mar 9, 2015 10:56am
EURAUD update

This is an example of quite a poorly managed trade. When the market changes its tune and we miss out on a more obvious profit target do we panic and immediately close out the trade in an effort to salvage some pips? Or do we keep calm, adjust our original profit target and accept the situation for what it is?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 34 KB
  • #127
  • Edited 11:51am Mar 9, 2015 11:17am | Edited 11:51am
Closed it.

Didn't get a fill on the touch of the T/P due to spread.

Manual close instead for around 1:1.5

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 41 KB
  • #128
  • Mar 9, 2015 11:25am Mar 9, 2015 11:25am
I'm shorting this , what do you guys think? may it work?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy392015b.png Size: 36 KB
  • #129
  • Mar 9, 2015 11:31am Mar 9, 2015 11:31am
Quoting mellyfx
I'm shorting this , what do you guys think? may it work? {image}
melly,

From my side, if your entry criteria is to touch-trade the fresh zones then this zone had already been tested (white arrow).

If the criteria is to wait for bearish engulfing PA at a fresh zone then for me it was an early entry.

Edit: I must stress that this is not my view on whether or not the trade will work out - no one knows that

Thoughts anyone?

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 37 KB
  • #130
  • Mar 9, 2015 11:38am Mar 9, 2015 11:38am
Quoting simond2002
{quote} melly, From my side, if your entry criteria is to touch-trade the fresh zones then this zone had already been tested (white arrow). If the criteria is to wait for bearish engulfing PA at a fresh zone then for me it was an early entry. Thoughts anyone? {image}
yes I was trying to trade in the first touch, maybe I should draw the zone with candle's bodys too? I was using only the wicks to draw the zone, also I notice 3 or 4 candles backs in m15 looks like a pinbar, and last MFI (14) is entering in overbought zone.

As you say maybe is a early entry, thanks for your insights.
  • #131
  • Mar 9, 2015 11:43am Mar 9, 2015 11:43am
Quoting mellyfx
{quote} yes I was trying to trade in the first touch, maybe I should draw the zone with candle's bodys too?
Definitely include the candle bodies when drawing the zones. But also have a think about why.

You could lose the vertical session lines and angled dashed lines
  • #132
  • Edited 12:05pm Mar 9, 2015 11:53am | Edited 12:05pm
Quoting simond2002
{quote} Definitely include the candle bodies when drawing the zones. But also have a think about why. You could lose the vertical session lines and angled dashed lines
Trust me that I tried to detach fro those vertical lines, But still could not, its give a a sense of time when loosing watching chars and not the clock. Gonna try again

PD: trade update, SL hitted, next watch 121.7 zone
  • #133
  • Mar 9, 2015 7:33pm Mar 9, 2015 7:33pm
Can't sleep. Marked up an M1 UJ chart. Will see if market offers a few pips.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 9 KB
  • #134
  • Mar 9, 2015 8:23pm Mar 9, 2015 8:23pm
There were two trades, both circled.

The first was a short - just a bit of whipsawing PA and not well enough defined for me.

The second was a long - the breakout after the inverse h/s.

Didn't catch either of them but now tired enough to sleep.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 11 KB
  • #135
  • Mar 10, 2015 3:34am Mar 10, 2015 3:34am
Short day for me today.

Just some areas of interest on M15/H1 GBPJPY. It's looking very choppy at the moment so will sit a while and watch how this one plays out before getting in.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 57 KB
  • #136
  • Mar 10, 2015 3:37am Mar 10, 2015 3:37am
EURAUD

A bearish close on this H1 can be significant.

Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 37 KB
  • #137
  • Mar 10, 2015 4:02am Mar 10, 2015 4:02am
Quoting simond2002
EURAUD A bearish close on this H1 can be significant. {image}
It's a great example of how waiting for candle closes can keep us out of trouble.

Will let others battle this chop out then get in later.

Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 34 KB
  • #138
  • Mar 10, 2015 4:11am Mar 10, 2015 4:11am
Something of interest.

UJ just made the first H4 close since 2007 inside the MN supply zone of 121.71 - 124.13.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 30 KB
  • #139
  • Mar 10, 2015 4:31am Mar 10, 2015 4:31am
I know I said I wouldn't be cruising forums until at least 11am, but I did something so stupid this morning that I thought it needed to be shared on the thread.

Attached Image (click to enlarge)
Click to Enlarge Name: 03.10.2015-09.30.png Size: 132 KB


While I spent all my time and energy watching this, I missed a number of very obvious setups elsewhere. I have since got myself back to break even with another trade, but I could have been done by now.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #140
  • Mar 10, 2015 4:58am Mar 10, 2015 4:58am
Great thread guys, subscribed!
Progress, not perfection
2 traders viewing now