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Price Will Tell - Supply/Demand Price Action Trading

  • #441
  • Mar 24, 2015 2:30am Mar 24, 2015 2:30am
Quoting Hickson
{quote} Hi Simon, have not taken a look at EA for some time, seemed unclear to me, consolidating after falling so much. But it seems like as in EU, some fresh demand just came in at the levels you pointed out. Nonetheless it is probably nothing more than a correction ... I am interested to wait what EA does around 1.40 If it just goes through, retracements to 1.50 are not totally off the table in my view. Otherwise why not short and hold?
My M30 EA btw.

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  • #442
  • Mar 24, 2015 2:31am Mar 24, 2015 2:31am
Quoting Hickson
{quote} Of course, intraday have offered good long opportunities. Was just pointing to the bigger picture - last weeks were a hard down.
I agree, daily on EA looks down
  • #443
  • Mar 24, 2015 2:39am Mar 24, 2015 2:39am
Quoting simond2002
{quote} My M30 EA btw. {image}
Very nice and clean charts! Is that an accustical alarm to keep you informed when a certain price is reached?
Fix up, trade sharp ...
  • #444
  • Mar 24, 2015 2:46am Mar 24, 2015 2:46am
Quoting Hickson
{quote} Very nice and clean charts! Is that an accustical alarm to keep you informed when a certain price is reached?
It'll trigger MT4 popups and send an email if MT4's email properties are set up. If I can get it to cook dinner and wash dishes...
  • #445
  • Mar 24, 2015 3:34am Mar 24, 2015 3:34am
Oz tech.

Who knows...

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  • #446
  • Mar 24, 2015 3:48am Mar 24, 2015 3:48am
Quoting By_Tor2114
Closed this sooner than I should have, but it takes care of my AU loser, plus a bit more on top. {image} ADDITIONAL: {image}
An update on my earlier call on EU.

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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #447
  • Mar 24, 2015 5:08am Mar 24, 2015 5:08am
Took another short on EU earlier. It was just a quick scalp, but made some pips. I'm closing out the day with this chart, as it was enough to push me over the edge...

Attached Image (click to enlarge)
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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #448
  • Mar 24, 2015 5:13am Mar 24, 2015 5:13am
Quoting By_Tor2114
Took another short on EU earlier. It was just a quick scalp, but made some pips. I'm closing out the day with this chart, as it was enough to push me over the edge... {image}
EU is making me sick again today can we just get it over with already...please
  • #449
  • Mar 24, 2015 8:45am Mar 24, 2015 8:45am
Dont mind the patterns, this being based solely on SUPPLY+DEMAND. USDJPY previous DEMAND turns SUPPLY area and then BACK again to new DEMAND area.
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Learn, a forex trader must, unlearn and relearn he will.
  • #450
  • Mar 24, 2015 9:29am Mar 24, 2015 9:29am
Quoting By_Tor2114
Took another short on EU earlier. It was just a quick scalp, but made some pips. I'm closing out the day with this chart, as it was enough to push me over the edge... {image}
hiya ByTor, are you scalper right? what is your average TP in terms of pips? I was trying to catch the big moves, 60-90 pips of the days, but seems easies to catch 150-250 pips. I am seriusly thinking to become a scalper
  • #451
  • Mar 24, 2015 9:35am Mar 24, 2015 9:35am
Quoting mellyfx
{quote} hiya ByTor, are you scalper right? what is your average TP in terms of pips? I was trying to catch the big moves, 60-90 pips of the days, but seems easies to catch 150-250 pips. I am seriusly thinking to become a scalper
Melly,

There is no average, really. It just depends on what the trade offers. To be honest, the number of pips you make is totally irrelevant, as it has to be in context with the number of pips you risk. If a trader makes 16 pips in a trade, but their stop loss was only 4 pips, that would make an 8% return based on a 2% risk. However, if another trader made 16 pips, but their risk was 32 pips, then they've actually risked 2% in order to gain 1%.

Time frames are totally meaningless. H4 moves in the same way as M5. The movements are the same, but are just on a smaller or larger scale in terms of how many pips of risk and reward are involved. This is also why compounding profits is the difference between becoming a millionaire, or just staying small time. You'll hear a lot of people tell you that you can't make money in the forex market unless you have a large account, but that's a total myth. A £2k account can be turned into £100k very quickly, so long as the profits are compounded.

Sorry... Went on a bit of a tangent there!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #452
  • Mar 24, 2015 9:47am Mar 24, 2015 9:47am
Quoting By_Tor2114
{quote} Melly, There is no average, really. It just depends on what the trade offers. To be honest, the number of pips you make is totally irrelevant, as it has to be in context with the number of pips you risk. If a trader makes 16 pips in a trade, but their stop loss was only 4 pips, that would make an 8% return based on a 2% risk. However, if another trader made 16 pips, but their risk was 32 pips, then they've actually risked 2% in order to gain 1%. Time frames are totally meaningless. H4 moves in the same way as M5. The movements are the same,...
by_thor, I fully understand those concepts, I just wondering how the averages pips trading in m1, m5 tf as showing in your charts, when you was writting your replly i was analyzing GBPUSD m30 for instance, and will be nice to catch one of those moves showing in the picture, 85,120,270 pips. the larger move I could gain was 60pips, then al my trades in profits are between 10 to 30 pips or stopped at be trygin to be more greedy.
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  • #453
  • Mar 24, 2015 9:51am Mar 24, 2015 9:51am
Quoting mellyfx
{quote} by_thor, I fully understand those concepts, I just wondering how the averages pips trading in m1, m5 tf as showing in your charts, when you was writting your replly i was analyzing GBPUSD m30 for instance, and will be nice to catch one of those moves showing in the picture, 85,120,270 pips. the larger move I could gain was 60pips, then al my trades in profits are between 10 to 30 pips or stopped at be trygin to be more greedy. {image}

Like I said, there is no average, and really, there is no time frame. When I show a chart on M1, that doesn't make it an M1 trade. It just means that the information I was interested in (Usually compression) was only visible on M1.

When a trader at Deutsche Bank wants to drop £10 billion on the market, which time frame is he or she trading?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #454
  • Mar 24, 2015 10:54am Mar 24, 2015 10:54am
Just turned the charts on out of curiosity, and saw this. There was the same setup appearing on EUR/AUD, but I missed the pullback. The compression on EUR/AUd was actually nicer, hence why price is really dropping like a maniac now, but I am still happy to have got on board with EU.

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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #455
  • Mar 24, 2015 11:04am Mar 24, 2015 11:04am
Quoting By_Tor2114
Just turned the charts on out of curiosity, and saw this. There was the same setup appearing on EUR/AUD, but I missed the pullback. The compression on EUR/AUd was actually nicer, hence why price is really dropping like a maniac now, but I am still happy to have got on board with EU. {image}
UPDATE: The remainder was stopped at BE on EU.

Here is the setup I was referring to on EA. I expect this will run further than EU:

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In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #456
  • Mar 24, 2015 11:11am Mar 24, 2015 11:11am
hi by_tor2014
please add on the all analyze poundyen (gbpjpy) 
​very thanks for sharing information 
​randolf.
  • #457
  • Mar 24, 2015 11:17am Mar 24, 2015 11:17am
Hi Randolf,

Sorry, but do you mean you want me to do some analysis on the GBP/JPY?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #458
  • Mar 24, 2015 11:33am Mar 24, 2015 11:33am
yes. im begginer on this system or mechanic system this very good way for trade .now me on the gbpjpy h4 h1 and m30
you added analyze from gbpjpy and me compare on my chart for true and false very thanks 
this my chart 
 
 
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  • #459
  • Mar 24, 2015 11:37am Mar 24, 2015 11:37am
Quoting randolf
yes. im begginer on this system or mechanic system this very good way for trade .now me on the gbpjpy h4 h1 and m30 you added analyze from gbpjpy and me compare on my chart for true and false very thanks this my chart   {image}
To be honest, I just looked at GJ, and I don't see any setups for how I trade. That doesn't mean there aren't any setups at all, it just means that I wouldn't enter anything at the moment, and I don't see anything forming.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #460
  • Mar 24, 2015 11:41am Mar 24, 2015 11:41am
gbpjpy on the h1 chart now 
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