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Price Will Tell - Supply/Demand Price Action Trading

  • #201
  • Mar 11, 2015 11:46am Mar 11, 2015 11:46am
Quoting simond2002
{quote} Hi Hickson, Thanks for dropping by. I've read quite a few of your posts on Ray's thread. Same here regarding Geppy; alarm is set at 182.20. Will look for PA if, as and when it hits.
Yes, happy to see that you are mostly trading Geppy and EUR/AUD. Also my favorite pairs. For correlation I look at EU, GU, AU and UJ. Sometimes trade UCAD. But not too much, I think you are right in limiting one's pairs. Still have a lot to learn in this business, eventually will get there. Let's see what Geppy does. After making a lower low, might test the daily low again maybe.
Fix up, trade sharp ...
  • #202
  • Mar 12, 2015 12:30am Mar 12, 2015 12:30am
Still a little early for me to be buying this but the M15 hands are now in the market.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 35 KB
  • #203
  • Mar 12, 2015 12:34am Mar 12, 2015 12:34am
Some EURAUD tech.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDWeekly.png Size: 40 KB
  • #204
  • Mar 12, 2015 1:22am Mar 12, 2015 1:22am
AUDJPY M15 Flag Limit
Attached Image (click to enlarge)
Click to Enlarge Name: AJ M15.png Size: 35 KB
Progress, not perfection
  • #205
  • Mar 12, 2015 1:24am Mar 12, 2015 1:24am
Quoting simond2002
Still a little early for me to be buying this but the M15 hands are now in the market. {image}
Hi Simon,

Could you elaborate on your trading if you are comfortable? I see that you set a swing high and swing low marked by horizontal lines but not sure how you are trading this scenario.

Frank
  • #206
  • Mar 12, 2015 1:48am Mar 12, 2015 1:48am
Quoting directxxx
{quote} Hi Simon, Could you elaborate on your trading if you are comfortable? I see that you set a swing high and swing low marked by horizontal lines but not sure how you are trading this scenario. Frank
Hi Frank,

If you read the first post in red's thread, this is essentially what I'm aiming for, but in my own way.
  • #207
  • Mar 12, 2015 1:49am Mar 12, 2015 1:49am
Just in case it's of any use to other traders, I've attached the box drawing inidi that I use. You just use your normal rectangle tool to draw in the S/D area, then the indi will extend the box for you with each new candle.
Attached File(s)
File Type: ex4 SD_Rectangle_v1.1_Light.ex4   9 KB | 636 downloads
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #208
  • Mar 12, 2015 2:06am Mar 12, 2015 2:06am
USDCAD back at same level from yesterday, hesitated, then it moved in favour.......Damn!
Attached Image (click to enlarge)
Click to Enlarge Name: UC4.png Size: 36 KB
Progress, not perfection
  • #209
  • Mar 12, 2015 2:51am Mar 12, 2015 2:51am
The price of not following the plan... Again.

Attached Image (click to enlarge)
Click to Enlarge Name: 03.12.2015-09.46.png Size: 73 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 03.12.2015-09.50.png Size: 91 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #210
  • Mar 12, 2015 3:20am Mar 12, 2015 3:20am
Quoting FX_Neil
AUDJPY M15 Flag Limit {image}
AUDJPY M1 Update - played out without me of course!

Comments/observations always welcome...
Attached Image (click to enlarge)
Click to Enlarge Name: AJ M1.png Size: 53 KB
Progress, not perfection
  • #211
  • Mar 12, 2015 3:20am Mar 12, 2015 3:20am
Quoting By_Tor2114
Just in case it's of any use to other traders, I've attached the box drawing inidi that I use. You just use your normal rectangle tool to draw in the S/D area, then the indi will extend the box for you with each new candle. {file}
Progress, not perfection
  • #212
  • Mar 12, 2015 3:24am Mar 12, 2015 3:24am
Quoting FX_Neil
{quote} AUDJPY M1 Update - played out without me of course! Comments/observations always welcome... {image}
Neil,

You'll notice that AU made a similar move on the trade I just posted. I think I prefer the compression on AU to AJ, but who I am to argue with a winning move?

EDIT: Actually, I take it back. I think your AJ setup is equally as nice
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #213
  • Mar 12, 2015 3:33am Mar 12, 2015 3:33am
Quoting By_Tor2114
{quote} Neil, You'll notice that AU made a similar move on the trade I just posted. I think I prefer the compression on AU to AJ, but who I am to argue with a winning move? EDIT: Actually, I take it back. I think your AJ setup is equally as nice
Thanks fella. We just need to be bangin these trades out day in day out then we ON it! Easier said than done, of course...
Progress, not perfection
  • #214
  • Mar 12, 2015 3:36am Mar 12, 2015 3:36am
Quoting FX_Neil
{quote} AUDJPY M1 Update - played out without me of course! Comments/observations always welcome... {image}
The upper flag limit was also a potential TT, meant to point that out
Progress, not perfection
  • #215
  • Mar 12, 2015 3:46am Mar 12, 2015 3:46am
The key is to just trade the plan. It's really the simplest thing in the world, but for reasons unknown (Not all that unknown), I'm not doing it.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #216
  • Mar 12, 2015 7:17am Mar 12, 2015 7:17am
Quoting simond2002
{quote}Price will either reverse at this current swing point, which is also a demand zone for me because of the structure, it will consolidate, or steam right through. If I'm around when the market shows its hand, I'll try to play the move for a profit if I can.{image}
I wanted to follow on this post with some resolution.

In the end I was asleep when the move played out but in many respects the PA bears all the hallmarks of a technically very-decent setup. Most importantly this chart illustrates what for me is a Decision Point.

There's many interpretations of the PA that came afterwards. Some may see a bearish wedge, others may see compression, some may see neither. It's best left up to the individual trader to decide what he/she saw and the entry into the market.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM30.png Size: 45 KB
  • #217
  • Mar 12, 2015 1:22pm Mar 12, 2015 1:22pm
Quoting simond2002
{quote} I wanted to follow on this post with some resolution. In the end I was asleep when the move played out but in many respects the PA bears all the hallmarks of a technically very-decent setup. Most importantly this chart illustrates what for me is a Decision Point. There's many interpretations of the PA that came afterwards. Some may see a bearish wedge, others may see compression, some may see neither. It's best left up to the individual trader to decide what he/she saw and the entry into the market. {image}
Hi Simond, how are you? hope these trend changes are treating you well.
So, are you saying a Desicion Point is that long red candle that breaks down the previous demand zone? Isn´t it the so called Engulf by Redsword?

sorry if my questions are too basic.

best regards.
  • #218
  • Mar 13, 2015 12:49am Mar 13, 2015 12:49am
Quoting mellyfx
{quote} Hi Simond, how are you? hope these trend changes are treating you well. So, are you saying a Desicion Point is that long red candle that breaks down the previous demand zone? Isnt it the so called Engulf by Redsword? sorry if my questions are too basic. best regards.
Hi mellyfx,

All good my side thanks, hope you are too.

In this particular example the market took the decision to break down and through the demand zone created on or around 10th March that we'd marked out.

There's a bearish engulfing candle (some traders would call it an "Outside Bar") that formed part of the structure that carried out the move. These types of market structure are not always this clear, which is why it was a nice chart to post.

Simon
  • #219
  • Mar 13, 2015 12:59am Mar 13, 2015 12:59am
EURAUD M15

Will be looking to play this in some way today if it sets up.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 27 KB
  • #220
  • Mar 13, 2015 1:29am Mar 13, 2015 1:29am
Hi Simond2002
Thank you so much for starting this thread.For me it is the best thread ever on FF. I have done the course on Forex with the guys in OTA and had the good fortune to do a couple of days with Sam Seiden.
The beauty of this thread is to just get on it evey day and observe ,refresh ones ideas and actually easily share as well (once I figure how to put a chart onto FF!)
I trade the €/$ ,£/$, €/Y, £/Y and now added oil and gold.Mostly now working on the 30 min TF going to 15 or 5 for entry then return to 30. I use stochastic as suggested by Sam Seiden in an article and I use the 8 ema as promoted by Steve Bigalow and obviously S/D taken off 4hr,1hr charts.I also use the fibs on occasions as well.
When I discover how to post a chart will do.Any help here from anyone would be great news
Happy trading
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