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The One: Price Action and Reaction

  • #441
  • Nov 27, 2015 5:33am Nov 27, 2015 5:33am
overnight trade on GBP/USD
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  • #442
  • Nov 27, 2015 5:58am Nov 27, 2015 5:58am
GBPCHF

Daily
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H4
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H1 - H4 from H1 view
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Daily & H4 combined (overview)
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  • #443
  • Nov 27, 2015 6:04am Nov 27, 2015 6:04am
Quoting arielkorber
overnight trade on GBP/USD {image}
Nice trade - I was wondering about the orange lines on your chart and how they are drawn. Are they more art than science?
  • #444
  • Nov 27, 2015 6:28am Nov 27, 2015 6:28am
Quoting livindaylite
Drawing the right one's is one thing Trading them is yet another. How would you approach this as an example? THX {image}
This isn't a market I trade but I just had a quick look at this and can't see that I'd have found a way to enter - at least not with limit orders which is what I use. There are two sharp moves higher on that chart - what Tim Morge calls wide range bars or zoom bars and which he likens to gaps. If I was trading this I'd probably be watching those levels to see how price reacted should it retrace to them. The thing is that just because one can draw a fork doesn't mean it's possible to trade it. Sometimes I can find lines that work for me and sometimes I can't. Looking at the 4hr and 1hr charts of this the swings are very shallow so I might drop down to 30 min or 15 min charts to see if I could find something more tradeable - the number of pips doesn't matter its risk reward that matters and smaller time frames would have smaller stops.
  • #445
  • Nov 27, 2015 7:29am Nov 27, 2015 7:29am
Quoting bartlby37
{quote} Nice trade - I was wondering about the orange lines on your chart and how they are drawn. Are they more art than science?
These are how I interpret Frequency Lines. Draw a trend line with an angle that repeats across the chart. I drew one trend line first and noticed that
that angle repeats itself, forming a channel with a median line
  • #446
  • Nov 27, 2015 7:41am Nov 27, 2015 7:41am
Quoting bartlby37
{quote} This isn't a market I trade but I just had a quick look at this and can't see that I'd have found a way to enter - at least not with limit orders which is what I use. There are two sharp moves higher on that chart - what Tim Morge calls wide range bars or zoom bars and which he likens to gaps. If I was trading this I'd probably be watching those levels to see how price reacted should it retrace to them. The thing is that just because one can draw a fork doesn't mean it's possible to trade it. Sometimes I can find lines that work for me and...

Would be grateful if you showed on chart, because I'm not sure what you're referring to, exactly.
Wide range bars and 'zoom' bars sound good; much to learn still.

I concur: drawing a fork is barely the beginning. Like I said, trading it is another thing, and that's what I'm trying to get a handle on with a couple of these examples - to ground this stuff otherwise, it remains abstract.

Thanks, for your input
  • #447
  • Nov 27, 2015 8:00am Nov 27, 2015 8:00am
Quoting livindaylite
{quote} Would be grateful if you showed on chart, because I'm not sure what you're referring to, exactly. Wide range bars and 'zoom' bars sound good; much to learn still. I concur: drawing a fork is barely the beginning. Like I said, trading it is another thing, and that's what I'm trying to get a handle on with a couple of these examples - to ground this stuff otherwise, it remains abstract. Thanks, for your input
Marked the bars I was referring to on the chart below - the first seems to take price to the top of its previous range - the second breaks above prior highs (resistance) - so that might be something I'd keep an eye on - does resistance become support?

Its easy with forks to think that draw a fork and trade off those lines - watch Tim Morge and that's what it looks like. Watch him more and see how much time he spends not trading. I rewatched a seminar he did on what he calls the corner trade (see here) - its sort of based on price forming small tight clumps which he then uses as a c pivot for a median line set. Anyway re-watching it I heard just one line in which he said something along the lines of the most important thing about them is that they form just above prior support. I'd never heard that before when I'd watched it - I'd been focused on the median lines and the clumping etc etc. In the last month I've been paying much more attention to market structure and I'm doing better.
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  • #448
  • Nov 27, 2015 8:01am Nov 27, 2015 8:01am
Quoting arielkorber
{quote} These are how I interpret Frequency Lines. Draw a trend line with an angle that repeats across the chart. I drew one trend line first and noticed that that angle repeats itself, forming a channel with a median line
Thanks
  • #449
  • Nov 27, 2015 8:33am Nov 27, 2015 8:33am
Quoting livindaylite
Drawing the right one's is one thing Trading them is yet another. How would you approach this as an example? THX {image}
I see this but I will give more detailed answer later. Too busy charting at the moment.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #450
  • Nov 27, 2015 9:08am Nov 27, 2015 9:08am
Quoting eaglestar
{quote} I see this but I will give more detailed answer later. Too busy charting at the moment. {image}
A different look on the 4h charts.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #451
  • Nov 27, 2015 10:27am Nov 27, 2015 10:27am
15 minute chart of USDCAD. The green fork was established with swing low as shown. Price never reaches the median line and flirts with the upper median line where some frequency was established and some careful shorts could have been taken. After a significant period of time price clearly breaks out of the green fork and the blue fork is established. The bottom median line of the blue fork develops frequency with the help of the red parallel slider. This area was abundant with long opportunities and price did reach the median line as it does 80% of the time.
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  • #452
  • Nov 27, 2015 10:51am Nov 27, 2015 10:51am
Quoting Winston Reed
15 minute chart of USDCAD. The green fork was established with swing low as shown. Price never reaches the median line and flirts with the upper median line where some frequency was established and some careful shorts could have been taken. After a significant period of time price clearly breaks out of the green fork and the blue fork is established. The bottom median line of the blue fork develops frequency with the help of the red parallel slider. This area was abundant with long opportunities and price did reach the median line as it does 80%...
Very Good Winston

If you look closely there were a couple trades possible on that fork.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #453
  • Nov 27, 2015 11:30am Nov 27, 2015 11:30am
Quoting eaglestar
{quote} Very Good Winston If you look closely there were a couple trades possible on that fork.
hy , do u know other who teaches pitchfork? for some reason i don't like tim and i want to see some webinars
  • #454
  • Nov 27, 2015 11:35am Nov 27, 2015 11:35am
Quoting vladutz112
{quote} hy , do u know other who teaches pitchfork? for some reason i don't like tim and i want to see some webinars
​Shane Blankenship is also on the sites. His webinars are pretty good.
  • #455
  • Nov 27, 2015 11:55am Nov 27, 2015 11:55am
Not recommending or suggesting trades right now. Not a good time given US market closing early today and it's Friday. But just my observations. If it was not holidays, Friday, etc. I would have seriously considered shorting here after the H1 candle close. The magenta slider is probably safer trade with less risk and price may still get there.
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  • #456
  • Nov 27, 2015 1:13pm Nov 27, 2015 1:13pm
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Buoyancy: Archimedes Principle

SUBJECT: Physics
TOPIC: Buoyancy
DESCRIPTION: A set of mathematics problems dealing with buoyancy.
CONTRIBUTED BY: Carol Hodanbosi
EDITED BY: Jonathan G. Fairman - August 1996
There are two types of flying machines that allow for lift to overcome gravity. The first type, called the aerodynamic machines such as helicopters and airplanes, rely on thrust and forward speed to produce lift. The second type, aerostatic machines, such as hot air balloons and lighter than air-type craft, rely on the differences in air density for lift.

This lesson is concerned with the second type, the type that are dependent on buoyancy.

If a cubic centimeter of aluminum was suspended in a fluid such as water with a very thin and negligible thread, the metal cube would have the fluid exerting pressure on the cube. Try to imagine that if the cube were to disappear, and the fluid would magically replace the cube, then the surrounding water would support this cube that is now containing water, so that the cube of water would be motionless. That is, the forces would be balanced. The cube of water would push out on the surrounding water and the surrounding water would push back on the cube. The fluid would be static, or stationary. Now replace this same cube of water with the original cube of aluminum. The surrounding water would not 'know' that the cube has been replaced with another substance. It would still push inward and upward and downward with the same force that it pushed on the cube of water. The sideways forces would be balanced and oppose each other equally, but the upward and downward forces would not be the same. The pressure at the bottom of the cube is greater than the pressure at the top of the cube, because pressure increases with increased depth. The difference between the upward and downward forces acting on the bottom and the top of the cube, respectively,is called buoyancy.

Using the aluminum as our example, it has a specific gravity of 2.8. Water has a specific gravity of 1.0. This means that a cubic centimeter of water would have a mass of 1.0 grams, while aluminum of the same size would have a mass of 2.8 grams. Since the aluminum cube displaces 1 cubic centimeter of water, it has a buoyancy of 1.0 grams. Since buoyancy is a force and not a mass, it must be converted to the proper units, which when multiplied by the acceleration of gravity (980 cm/s2) gives the units of dynes. That is,

(1.0 grams) (980 cm/s2) = 980 grams cm /s2 or dynes

So our aluminum cube immersed in water would not 'weigh' (2.8 x 980) dynes or 2744 dynes. It would weigh less due to the fact it has a buoyant force of (1 x 980) dynes from the water. So it would weigh (2744-980) dynes or 1764 dynes while immersed in the water.

Archimedes Principle states that the buoyant force on a submerged object is equal to the weight of the fluid that is displaced by the object.

Hot air balloons rise into the air because the density of the air (warmer air) inside the balloon is less dense than the air outside the balloon (cooler air). The balloon and the basket displaces a fluid that is heavier than the balloon and the basket, so it has a buoyant force acting on the system. Balloons tend to fly better in the morning, when the surrounding air is cool.



Exercises:

 

  1. Find the weight of the air in a room with dimensions of 20 ft x 12 ft x 15 ft. The weight density of air at sea level is 0.08 pounds /ft3.
    (answer)
  2. An iron anchor weighs 250 pounds in air and has a weight density of 480 lbs/ft3. If it is immersed in sea water that has a weight density of 64 lbs/ft3, how much force would be required to lift it while it is immersed?
    (answer)
  3. An aluminum bar weighs 17 pounds in air. How much force is required to lift the bar while it is immersed in gasoline? The weight density of aluminum is 170 pounds /ft3 and that of gasoline is 42 pounds /ft3.
    (answer)
  4. How much does a 20 ft x 10 ft x 8 ft swimming pool filled with water weigh? Assume the water has a weight density of 62 lbs/ft3.
    (answer)
  5. A balloon weighing 80 kg has a capacity of 1200 m3. If it is filled with helium, how great a payload can it support? The density of helium is 0.18 kg/ m3 and the density of air is 1.30 kg/ m3. Express your answer in newtons.
    (answer)

  • #457
  • Nov 27, 2015 1:24pm Nov 27, 2015 1:24pm
the qustions is why its constant ....?
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  • #458
  • Nov 27, 2015 1:26pm Nov 27, 2015 1:26pm
as promiss the piccy will get fancy when market lulabies .....
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  • #459
  • Nov 27, 2015 1:31pm Nov 27, 2015 1:31pm
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  • #460
  • Nov 28, 2015 2:15pm Nov 28, 2015 2:15pm
Quoting ccr
the qustions is why its constant ....? {image} {image} {image}
I think that you would love this free article
http://www.medianline.com/articles/I...ple%20line.pdf

Let me know your observations :nerd:
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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