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The One: Price Action and Reaction

  • #301
  • Nov 17, 2015 7:07pm Nov 17, 2015 7:07pm
I wont lie. I'm a fan price action bars such as pinbars and outside enulfingbars and will often initiate trades based on them if they are in the right location. Here a pinbar formed after piercing the parallel slider and closing strongly lower. I've been in this one for a while.
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  • #302
  • Nov 17, 2015 7:22pm Nov 17, 2015 7:22pm
Quoting eeddss11
{quote} Teachers show a working knowledge of past and present situations with examples of both to gain understanding.I am wary of anyone with a red diamond as to me it tells me you are accomplished writers not traders.This i may be wrong on but with the average amount of posts per year i am not so sure. I do not want nor need signals and the whole point is to back up what is being taught with data be that good or bad from a forward thinking approach as opposed to hindsight. Could have, would have, should have are all hindsight. Could do,Should do,...
You are smart to be wary and a healthy dose of skepticism is absolutely necessary especially if you are looking to FF for a teacher. ​Perhaps you are in the wrong place then. FF is 99% full of threads with absolutely no back-up whatsoever. It is really the last place you want to go if you want to find a "mentor" although you might find one if you're patient. There is worthy knowledge here but one must do quite a bit of weeding to find it.

I disagree that there is no future in "backward thinking". How does one learn if not by examining and analyzing historical price. If history was truly meaningless then price action would truly be random and not worth anyone's time. A teacher meeting your requirements can be found. But you will likely need to pay for one.

As I have mentioned previously. I believe previous posts in this new thread do really meet some or most of your requirements. But you seem to dismiss that. Am I correct that you find the previous posts here invalid?
  • #303
  • Nov 17, 2015 8:03pm Nov 17, 2015 8:03pm
Closed for +20. H4 chart looks good for more but H1 shows upwards frequency and price hit a sliding parallel so I'm out.
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  • #304
  • Nov 17, 2015 8:03pm Nov 17, 2015 8:03pm
Also eaglestar posed a question in his last post (297) and juriFX post (298) reposted the chart with a brilliant answer.

People are pushing eaglestar to move on with his teachings, but I for one would be happy to master what is shown in these two posts.

Edit: Commenting on Winston Reed's 2nd post above mine.
Good Trading
  • #305
  • Nov 17, 2015 8:25pm Nov 17, 2015 8:25pm
Quoting Winston Reed
{quote} You are smart to be wary and a healthy dose of skepticism is absolutely necessary especially if you are looking to FF for a teacher. ​Perhaps you are in the wrong place then. FF is 99% full of threads with absolutely no back-up whatsoever. It is really the last place you want to go if you want to find a "mentor" although you might find one if you're patient. There is worthy knowledge here but one must do quite a bit of weeding to find it. I disagree that there is no future in "backward thinking". How does one learn if not by examining...
I only find posts that are in past tense as invalid.Every post written has got me to this point(my thoughts) of thinking

I have found the past to be extremely important when it applies to the present but totally disregard past tense on an old chart as far as could have, would have, should have.

Past tense that is useful is only used in the now moment not shape fitted past tense on an old chart

Anyway i am not looking for a mentor but came across the thread and found it interesting and just wanted to put my thoughts forward.For me less lines and more notice on major decision points works for me but at these points i actually make a decision with a small stop and and trail at balance points.

Cheers for putting up the AU trade as this is clear to see and actually puts some reasoning behind your actions which allows others to learn.This was my main gripe as the thread unfolds.I am also in the AU at .71300 with my stop already at break even and am targeting .70000 or so before looking to get into a buy

I was not trying to derail the thread as i find it interesting but just wanted a bit more substance and accountability which i have found to be a major turning point for me.Until some one is accountable for their trade actions i do not believe they are able to trade

Will shut up now but also follow along

Cheers
  • #306
  • Nov 17, 2015 8:48pm Nov 17, 2015 8:48pm
Quoting eeddss11
{quote} I only find posts that are in past tense as invalid.Every post written has got me to this point(my thoughts) of thinking I have found the past to be extremely important when it applies to the present but totally disregard past tense on an old chart as far as could have, would have, should have. Past tense that is useful is only used in the now moment not shape fitted past tense on an old chart Anyway i am not looking for a mentor but came across the thread and found it interesting and just wanted to put my thoughts forward.For me less lines...
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  • #307
  • Nov 17, 2015 10:04pm Nov 17, 2015 10:04pm
Hey Guys,

I studied forks a bit more to understand the nature, however it is a bit complicated for me and hard to invest real money at this stage

But I got a bit in detail of GBP / JPY H4


Attached Image (click to enlarge)
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If goes as plan, we will have nice short setup around 189 level because :

 

  1. Light blue fork
  2. Yellow fork
  3. Pink Channel
  4. Dark Blue Supply Zone


All gather at the same point !

But also there is another one :

5. We have FOMC + BOJ monetary Policy & Conference ahead within 24 hours



So based on these infos and the mentioned reasons I will work on Selling at 189.00


BUT

I have no idea about other place and other price and other setup

Dear Eagle, as I mentioned before, my problem is here . Where I have to WAIT , where I have to ACT

thanks

  • #308
  • Nov 17, 2015 10:14pm Nov 17, 2015 10:14pm
Quoting Winston Reed
{quote} This is my NZDUSDH1 chart. It is an ordinary fork. It describes price action pretty well. Notice the upper median line that price has respected. The purpose of the fork is to give meaning to the waves of price as they form. In this chart the upper median line has been verified as legitimate because price has respected it. Price has tested and retested the upper median line. Trading the retests is a strategy I and others use. I don't mind taking trades from the upper median line as many times as price wants to test it. But this is me. As...

Thanks Winston,

Helped me a lot, detailed explanation

Your Sup/Dem and PIE knowledge are also notable
  • #309
  • Nov 17, 2015 11:02pm Nov 17, 2015 11:02pm
Quoting juriFX
{quote} nice, never tought of trading S/R lines the same way as with pitchfork median lines. After the initial test (bounce) set up a limit order on the next close retest... {image}
Yes you are seeing what I have been seeing. It is all connected, some on just the price axis, or 2d, others in price and time, or 3d. Thanks for your reply, I am glad observations are being made.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #310
  • Nov 17, 2015 11:18pm Nov 17, 2015 11:18pm
Quoting eeddss11
{quote} Teachers show a working knowledge of past and present situations with examples of both to gain understanding.I am wary of anyone with a red diamond as to me it tells me you are accomplished writers not traders.This i may be wrong on but with the average amount of posts per year i am not so sure. I do not want nor need signals and the whole point is to back up what is being taught with data be that good or bad from a forward thinking approach as opposed to hindsight. Could have, would have, should have are all hindsight. Could do,Should do,...
Thank you for your observations. There are more reasons that I am not able to show you my live trades than I wish to divulge. I chart every day for more than most people here, between 7-10+ hours a day. The observations and knowledge I am sharing is to help and to guide others here to help them to see the markets differently and be profitable. The authors of the threads and sites I have learned from have an accumulated total experience of over 65+ years trading. I don't think I have to back up what I am mentioning in some sort of way because I have to prove anything. I am not here to try to prove anything, only that we work together as a group to become better traders, and help each other to make money and give back to charities, our families, our communities. When I started this thread, it was because I wanted to help to give back to those who have come before me, to this community of traders where I learned from, and from the Creator, who gives all knowledge, muscles, bones, and tissues to form us. We are all connected, all breathe the same breath, drink the same water, and feel the same emotions. Going further, I would say that try the techniques that I am mentioning and showing on my charts and see if they work for you. If they work for you, great! Please keep using them. I will be here to help guide as much as I can with the limited time that I have. If you feel like this is not worth your time, then I am not offended. Timothy Morge is one of the largest traders and market makers in the world trading billions of dollars. Steve W the author of nobrainertrades was a money manager and is now working for a fund. Redsword11, an amazing trader, also manages money. I am not here to show a contest of this method makes more, or another method makes more. I am only here to talk, discuss, guide, create a unified group to help to master the markets in a similar way. All the best to you.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #311
  • Nov 17, 2015 11:21pm Nov 17, 2015 11:21pm
To those that are interested in continuing and to working to make this thread a living and thriving thing here. I ask that when I am silent that you do you best at practicing understanding of market structure, to share charts among yourselves, and to share trades here. Read and watch videos from the masters that I had posted about in the first thread. This is your area as well. I must go for the evening, but I will share a few charts before I go.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #312
  • Nov 17, 2015 11:26pm Nov 17, 2015 11:26pm
Advanced
4h
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #313
  • Nov 17, 2015 11:33pm Nov 17, 2015 11:33pm
Advanced
1h

Note: I was a little late to the USDJPY short.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #314
  • Nov 17, 2015 11:35pm Nov 17, 2015 11:35pm
A big thank you to Winston Reed, and others here who are answering questions and helping other traders to learn the basics. This thread can be basic or advanced, I have given you a choice to determine if you want to trade basic market structure, or more advanced lines, and it seems to me that most here want to try to learn more the pitchfork which is fine.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #315
  • Nov 17, 2015 11:50pm Nov 17, 2015 11:50pm
Quoting Subrina_FX
{quote} Thanks Winston, Helped me a lot, detailed explanation Your Sup/Dem and PIE knowledge are also notable
Attached Image (click to enlarge)
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Subrina,
Just to be clear. I don't trade using supply and demand methods anymore. I noticed in you GBPJPY chart supply/demand levels.
Your intention to sell while not wrong is against the overall trend of this pair currently. Certainly there is frequency at that level but you will be going against the flow.
I would much prefer to buy this pair at the bottom line where frequency has also been demonstrated. Around 187.00.
  • #316
  • Nov 18, 2015 12:43am Nov 18, 2015 12:43am
Quoting arielkorber
Its a Schiff Pitchfork, not Andrews, because of sharp drop in price {image}
Niiice Arielkorber been watching the exact same mod schiff
  • #317
  • Nov 18, 2015 1:36am Nov 18, 2015 1:36am
Quoting eaglestar
{quote} Thank you for your observations. There are more reasons that I am not able to show you my live trades than I wish to divulge. I chart every day for more than most people here, between 7-10+ hours a day. The observations and knowledge I am sharing is to help and to guide others here to help them to see the markets differently and be profitable. The authors of the threads and sites I have learned from have an accumulated total experience of over 65+ years trading. I don't think I have to back up what I am mentioning in some sort of way because...
Please don't call Redsword11 amazing trader because you offending with this statment real traders here.Red was just amazing teacher who could not really trade and he only try to brought people to brokerage houses.That's how he made money in forex and this is a fact which I can anytime prove with real tracks records which are only matter if we want to call someone''forex trader''The same IF,J16 etc.So please put these people in group which call''Retail forex teachers'' and not traders.
Thank you and sorry for disturb your thread.
All the best.
FX.
  • #318
  • Nov 18, 2015 2:04am Nov 18, 2015 2:04am
Quoting Winston Reed
...I don't trade using supply and demand methods anymore.....

  1. Support and resistance frequency whether horizontal or diagonal

Is this how you trade now? Can you explain it please?

  • #319
  • Nov 18, 2015 4:03am Nov 18, 2015 4:03am
Quoting pipgame
{quote}..... make your own trading plan, please {image} EDIT: did we just see wash and rinse? {image}
Absolutely - we all need our own plan. My question was simply put in the spirit of us all learning together - sharing our thoughts and seeing where it takes us.

I'm not sure that's a wash - it wants some upside movement first - get some people long with stops under the low and then go take those stops.

B.
  • #320
  • Nov 18, 2015 5:42am Nov 18, 2015 5:42am
Quoting bartlby37
{quote}


Absolutely - we all need our own plan. My question was simply put in the spirit of us all learning together - sharing our thoughts and seeing where it takes us.{quote}






{quote}I'm not sure that's a wash - it wants some upside movement first - get some people long with stops under the low and then go take those stops. B.
observe
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