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Price Will Tell - Supply/Demand Price Action Trading

  • #341
  • Mar 18, 2015 6:34am Mar 18, 2015 6:34am
Hi Simond,
Thanks for you post. learn a lot from it. On your post #338 about aus/usd. Can you show us a chart about that "The M30 bullish decision point has been taken out."
where is the M30 decision point. Thanks a lot.
  • #342
  • Mar 18, 2015 6:40am Mar 18, 2015 6:40am
Quoting By_Tor2114
Here's a good reason to not be a breakout trader. {image} {image}
agree love your charts and notes thanks much
  • #343
  • Mar 18, 2015 7:04am Mar 18, 2015 7:04am
Here my GBPUSD map. Sell order on previous resistance zone

https://charts.mql5.com/7/300/gbpusd...kets-ltd-2.png
  • #344
  • Mar 18, 2015 7:28am Mar 18, 2015 7:28am
Excellent thread.... well done
The purpose of knowledge is action, not knowledge
  • #345
  • Mar 18, 2015 8:52am Mar 18, 2015 8:52am
is this an inverted H&S ? if so I guess I entered the wrong side :/
Attached Image (click to enlarge)
Click to Enlarge Name: audusd18032015.png Size: 36 KB
  • #346
  • Mar 18, 2015 9:02am Mar 18, 2015 9:02am
Quoting xyz555
Hi Simond, Thanks for you post. learn a lot from it. On your post #338 about aus/usd. Can you show us a chart about that "The M30 bullish decision point has been taken out." where is the M30 decision point. Thanks a lot.
Hi xyz555,

It relates to that tiny pullback PA (yellow circle) from the 12th March, which was where the pro-bulls made their final decision to take out those bears to the left.

If you notice the top of that break out has been used as a general support area on a number of revisits. The actual decision point itself hadn't been tested - until today.

If you look at what has come as a result of that retest, it would suggest that the bulls are back in this market. But I have to say that from my side I'm still cautious about buying this pair. As I write this, Oz is currently sitting at a M15 supply. I'll be watching H1/M30/M15 PA, and will wait and see.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 13 KB
  • #347
  • Mar 18, 2015 9:02am Mar 18, 2015 9:02am
Quoting mellyfx
is this an inverted H&S ? if so I guess I entered the wrong side :/ {image}
For me it no a clean H&S, but may be we going to see a pullback near to 0,77.... The main trend itīs a Down trend.

https://charts.mql5.com/7/301/audusd...arkets-ltd.png​
  • #348
  • Mar 18, 2015 9:07am Mar 18, 2015 9:07am
Quoting fonline
Here my GBPUSD map. Sell order on previous resistance zone {image}
Hi fonline,

Where would you put your stop?
  • #349
  • Mar 18, 2015 9:21am Mar 18, 2015 9:21am
Hi Simond,
Thank you for your reply and chart.
  • #350
  • Mar 18, 2015 9:23am Mar 18, 2015 9:23am
Quoting fonline
{quote} For me it no a clean H&S, but may be we going to see a pullback near to 0,77.... The main trend its a Down trend. {image}​
I see thanks for the input , anyways, sl hit.
  • #351
  • Mar 18, 2015 9:30am Mar 18, 2015 9:30am
Quoting mellyfx
is this an inverted H&S ? if so I guess I entered the wrong side :/ {image}
I'd call it "bullish quasimodo", and even though it occurred in a kind of no-man's land on M30/H1, selling the resolution was quite high risk.
  • #352
  • Mar 18, 2015 9:35am Mar 18, 2015 9:35am
Hey simond dont you think this a good place for shorting AUDJPY? I'm trying this again. What I still canīt figure out is how to confirm the trade with PA. maybe more screen time needed
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy18032015.png Size: 35 KB
  • #353
  • Mar 18, 2015 9:41am Mar 18, 2015 9:41am
Quoting mellyfx
Hey simond dont you think this a good place for shorting AUDJPY? I'm trying this again. What I still cant figure out is how to confirm the trade with PA. maybe more screen time needed {image}
If I was short there I'd be keeping an eye on the decision point.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 49 KB
  • #354
  • Mar 18, 2015 9:43am Mar 18, 2015 9:43am
Quoting simond2002
{quote} I'd call it "bullish quasimodo", and even though it occurred in a kind of no-man's land on M30/H1, selling the resolution was quite high risk.
yes my bad, still digesting these patterns, lots of them, when I saw I already opened the trade.
  • #355
  • Mar 18, 2015 9:45am Mar 18, 2015 9:45am
Quoting mellyfx
{quote} yes my bad, still digesting these patterns, lots of them, when I saw I already opened the trade.
Well, remember, don't digest the patterns as such, more what the patterns are telling you in terms of order-flow; buyers taking out sellers, seller taking out buyers.
  • #356
  • Mar 18, 2015 9:49am Mar 18, 2015 9:49am
Quoting simond2002
{quote} If I was short there I'd be keeping an eye on the decision point. {image}
that is a clearly DP now you point it, so this is where price can pull back north right?

Quoting simond2002
{quote} Well, remember, don't digest the patterns as such, more what the patterns are telling you in terms of order-flow; buyers taking out sellers, seller taking out buyers.
great advice, I will take it in mind
  • #357
  • Mar 18, 2015 10:01am Mar 18, 2015 10:01am
Quoting mellyfx
{quote} that is a clearly DP now you point it, so this is where price can pull back north right?
This is where price did break north.

If we're short into it, we should consider either taking off some profit, or moving our stops to b/e + in order to protect the trade (if we're happy that we have the correct entry that fits our criteria etc and we're comfortable to let the protected portion run).

Once price arrives at the decision point, we just read it. Price will either re-accumulate and go back up, or it will range, or it'll go down and through.

Edit: can I just add that if price ranges, then at the completion of that range it will either go up or down
  • #358
  • Mar 18, 2015 10:11am Mar 18, 2015 10:11am
Quoting simond2002
{quote} This is where price did break north. If we're short into it, we should consider either taking off some profit, or moving our stops to b/e + in order to protect the trade (if we're happy that we have the correct entry that fits our criteria etc and we're comfortable to let the protected portion run). Once price arrives at the decision point, we just read it. Price will either re-accumulate and go back up, or it will range, or it'll go down and through. Edit: can I just add that if price ranges, then at the completion of that range it will...
everything clearer now about the DP, now I am watching how AUDJPY reacted in DP, nice to have this thread

btw, the trade stopped at BE

edit: I bet many Pinbar maniacs are trading this in H1 TF.
  • #359
  • Mar 18, 2015 1:12pm Mar 18, 2015 1:12pm
0,77 pullback!
​https://charts.mql5.com/7/304/audusd...arkets-ltd.png
  • #360
  • Mar 18, 2015 1:16pm Mar 18, 2015 1:16pm
Quoting simond2002
{quote} Hi fonline, Where would you put your stop?
SL: 1,51 zone.
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