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Price Will Tell - Supply/Demand Price Action Trading

  • #321
  • Mar 17, 2015 8:48am Mar 17, 2015 8:48am
I dont trade your normal FX, I trade NADEX, here was a nice set up this morning. Charts explain everything.
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Learn, a forex trader must, unlearn and relearn he will.
  • #322
  • Mar 17, 2015 9:19am Mar 17, 2015 9:19am
Quoting COGSx86
I dont trade your normal FX, I trade NADEX, here was a nice set up this morning. Charts explain everything. {image} {image} {image}

Good buying pa on that last chart. If lined up with a nice htf zone aswell its usually good for atleast 1:1
  • #323
  • Mar 17, 2015 10:54am Mar 17, 2015 10:54am
Quoting Binyamin
I was studying price turning point around FTRs then I had a realization. I notice that price seem to turn at the tip certain compression zones(price didn't enter into the CP zone until after it travel for some distance). So I studied compression zones that tend to bounce price before price could get in the zone. I realize that CPZs that deflect price have its origin created by engulfing another important FTR. Therefore CPZ is really multiple overlapping FTR taking out each others orders. An as a result the last FTR standing is just as good as any...
Hi Binyamin,

Are you able to explain what you've said above but on a very simple line price chart drawn by hand?
  • #324
  • Mar 17, 2015 10:59am Mar 17, 2015 10:59am
Quoting Binyamin
I was studying price turning point around FTRs then I had a realization. I notice that price seem to turn at the tip certain compression zones(price didn't enter into the CP zone until after it travel for some distance). So I studied compression zones that tend to bounce price before price could get in the zone. I realize that CPZs that deflect price have its origin created by engulfing another important FTR. Therefore CPZ is really multiple overlapping FTR taking out each others orders. An as a result the last FTR standing is just as good as any...
Or let me put it another way...

It doesn't matter which pair this is or the timeframe but this set up today. Can you describe what you see?

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  • #325
  • Edited 12:41pm Mar 17, 2015 11:44am | Edited 12:41pm
Hi Simon,

This is how I see it...

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Below is a similar bullish setup...

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Have to leave can't watch it... booked 2/3 at 3R and the rest will be either at 1R or 4R. Will move SL now to 1R.

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  • #326
  • Mar 17, 2015 12:08pm Mar 17, 2015 12:08pm
Quoting Chantalb
Hi Simon, This is how I see it... {image} Below is a similar bullish setup... {image}

Thanks, CB, that's pretty much how I see it. The (dare I say it) straightforward bit is the zone identification and entry. The difficult bit is keeping off both the trigger and the analysis of all that mucky business in between zones. Well done on the bullish setup btw - it was a great buy.
  • #327
  • Mar 17, 2015 12:46pm Mar 17, 2015 12:46pm
Hey Simon,

Thanks for confirming. I think we need to discuss this further, as these kind of setups don't always work as such. They definitely give an edge over anything else I've studied but still need refining. Unfortunately I have to rush out... I would have just loved to stay here and discuss this further. There's always tomorrow

Cheers,

And Happy St. Patrick's to all (this will be me in a few hours ... LOL)
  • #328
  • Mar 17, 2015 3:39pm Mar 17, 2015 3:39pm
Quoting Chantalb
Hey Simon, Thanks for confirming. I think we need to discuss this further, as these kind of setups don't always work as such. They definitely give an edge over anything else I've studied but still need refining. Unfortunately I have to rush out... I would have just loved to stay here and discuss this further. There's always tomorrow Cheers, And Happy St. Patrick's to all (this will be me in a few hours ... LOL)
What we saw today with the example that you labelled is in my view, the absolute most confirmation that this market will ever give a trader of its intention to move from one price level to another, and in the process pay a profit. But remember, even when the market offers a "AAA Setup" there can't ever be a guarantee that it'll work out - the laws of order-flow simply won't allow it; this is what risk-management is there for.

In terms of refining one's "edge", it's such a subjective process that, believe me, only the individual should ever take it up. And this is where every trader need to study, in his/her own headspace. At its most basic, once the market has stated its intention, one needs to have an ongoing risk-managed criteria for entry and exit, and not waver from it.
  • #329
  • Mar 17, 2015 5:36pm Mar 17, 2015 5:36pm
Quoting Chantalb
Hi Simon, This is how I see it... {image} Below is a similar bullish setup... {image} Have to leave can't watch it... booked 2/3 at 3R and the rest will be either at 1R or 4R. Will move SL now to 1R. {image}
Will be looking for a Long after a pullback to 76217 or below... or a break above 76260


CB's posts are almost exactly what I am looking to trade. The white dotted line is simply my daily open.
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  • #330
  • Mar 17, 2015 6:07pm Mar 17, 2015 6:07pm
Oz

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  • #331
  • Mar 17, 2015 6:20pm Mar 17, 2015 6:20pm
Quoting simond2002
Oz {image}
Thanks Simon. Thought you would be in bed by now...

It's in Limbo at the moment. Looks like it may be impatient to add 70 -80 pips (agree with your upside view). No real news to affect it so it's free form atm.

Similar setups with other markets that I watch. NJ, EU, UJ (short side).
  • #332
  • Mar 17, 2015 6:40pm Mar 17, 2015 6:40pm
Quoting directxxx
{quote} Thanks Simon. Thought you would be in bed by now...
I am in bed
  • #333
  • Mar 17, 2015 6:47pm Mar 17, 2015 6:47pm
Quoting simond2002
{quote} I am in bed
Sex and sleep are alternatives with some merit..
  • #334
  • Mar 18, 2015 3:58am Mar 18, 2015 3:58am
Binyamin,

You could have just added 2 - 3 of your own lines to the original chart and pointed out a 3R trade.

I say this with the absolute and utmost respect that I can give you. For me in this thread, Compression (if a trader sees value in it) is fine to discuss, as are flags. But as for all the rest of the terminology that you are using, this belongs in RTM. Please post these types of charts there. Stick to a couple of simple lines here.

Regards,

Simon
  • #335
  • Mar 18, 2015 4:04am Mar 18, 2015 4:04am
All,

If what you're looking at on a M1 chart doesn't make sense, keep stepping up a time-frame until it does.
  • #336
  • Mar 18, 2015 4:10am Mar 18, 2015 4:10am
Quoting simond2002
Binyamin, You could have just added 2 - 3 of your own lines to the original chart and pointed out a 3R trade. I say this with the absolute and utmost respect that I can give you. For me in this thread, Compression (if a trader sees value in it) is fine to discuss, as are flags. But as for all the rest of the terminology that you are using, this belongs in RTM. Please post these types of charts there. Stick to a couple of simple lines here. Regards, Simon
I couldn't find any example in your line chart. Anyway advice taken
Riding the order flow
  • #337
  • Mar 18, 2015 4:18am Mar 18, 2015 4:18am
GBPJPY tech.

M30 has made a new low in M30 demand. The relevance of that is questionable for me at the moment.

M15 levels look promising but it's a tight range and with FOMC today, anything's on the cards.

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  • #338
  • Mar 18, 2015 4:21am Mar 18, 2015 4:21am
Oz

The M30 bullish decision point has been taken out. Am currently monitoring this pair on H1.

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  • #339
  • Mar 18, 2015 4:35am Mar 18, 2015 4:35am
Quoting simond2002
GBPJPY tech. M30 has made a new low in M30 demand. The relevance of that is questionable for me at the moment.
Question answered.

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  • #340
  • Mar 18, 2015 6:24am Mar 18, 2015 6:24am
Here's a good reason to not be a breakout trader.

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In boxing, all the champion's results are visible. In forex, talk is cheap.
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