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The One: Price Action and Reaction

  • #721
  • Dec 20, 2015 8:36am Dec 20, 2015 8:36am
Quoting Kovalenko
Completely agree with you.. I prefer to combine with d/h1....but using key swings (simply following the market) - you follow for whales....I think trend lines and channels - may confuse us in reversal trend....although I don't prefer the word -trend- for analysts this...I love follow the market simply..maybe we see the market - equally, only use different words Example - your last chart, breaking channel - Mate, what does it mean - reversal/correction ...? And then we see new low. What do channels show us, mate? My chart - breaking trend line....but...
Reversal means that price runs out of energy and starts to turn to the opposite direction. Correction means that price is still in the trend, but that it is pulling back to make a higher low before making a new higher high. Pitchforks are not channels. They are 3 points that form a triangle, that then extend into space and time to tell us where price will turn. You can use a trendline in many ways, to predict the turns, to use as a sliding parallel, to use as a multi pivot line. Here is a couple of charts on your pair that I drew for you to maybe help you see a bit. For me if I was a scalper you could use the Daily and 4H for analysis then scalp in direction of trend only with your analysis on higher timeframe. I am in the discipline of using only one chart for now, but if you wanted, for you, a 4h or Daily fork could pinpoint the reversals on a 30 or 15m timeframe for higher probability. Same as using a 4H support resistance level and enetering on 15min. This is not for everyone, only for Kovalenko, because I know how he trades.

The first chart has an alternate A pivot as well as more of a width Median Line. Price follows along the fork on the blue line nicely. Price makes a new 3d low, then turns down and you could use the back of the upward blue fork to act as break and retest to enter short. This fork is a bit more complicated, so I also added an Action Reaction Set to show you another possibility to draw. This can be a bit of an art sometimes.

The second chart of GBPNZD is marked accordingly and is the daily chart which seems to me to be a bit easier to trade.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #722
  • Dec 20, 2015 8:42am Dec 20, 2015 8:42am
Quoting Kovalenko
Completely agree with you.. I prefer to combine with d/h1....but using key swings (simply following the market) - you follow for whales....I think trend lines and channels - may confuse us in reversal trend....although I don't prefer the word -trend- for analysts this...I love follow the market simply..maybe we see the market - equally, only use different words Example - your last chart, breaking channel - Mate, what does it mean - reversal/correction ...? And then we see new low. What do channels show us, mate? My chart - breaking trend line....but...
If you wanted to use this is scalping, and this is for Kovalenko, you could mix a 4H chart and enter on 15min as well. I do not think Tim teaches this, nor do I, as it is more advanced yet, but it may better suit your personality. This is a recent AUDUSD chart of uptrend. Notice the 4h chart lines, then zoomed in on a 15min chart. This is something I have been playing with for a while, but I am not really showing it. :nerd:
Attached Image(s) (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #723
  • Dec 20, 2015 8:42am Dec 20, 2015 8:42am
I liked your thread . I looked through all thread.
I look for any weakness of price in order to catch trade (compression, impulse, FO, tricks and others things) . I see you follow the market using the same things (key s/r, key swings, key engulf and other key things ) and adding channels. I am glad to meet with you.....
beauty is in simplicity
  • #724
  • Dec 20, 2015 8:51am Dec 20, 2015 8:51am
Quoting Kovalenko
I liked your thread . I looked through all thread. I look for any weakness of price in order to catch trade (compression, impulse, FO, tricks and others things) . I see you follow the market using the same things (key s/r, key swings, key engulf and other key things ) and adding channels. I am glad to meet with you.....
Yes you are correct! It is all market structure, and using the weakness of market structure at times to help us in trading and becoming better readers of the market. Tim Morge was one of the first (!) of five market makers in the currency market, as well as one of the people to help to develop currency futures on the CME. He trades billions of dollars in the market, so for me I try to learn from the best, and I have found the best to be those stated in the first post. I know already you are a great trader and want to help others in becoming better. Keep on teaching and trading brother. I know you will be rich soon.

Also for you, it may be a bit strange to view price diagonal at first, but when you begin to see price in 3D, and tilt your head a bit, it becomes very clear.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #725
  • Dec 20, 2015 9:05am Dec 20, 2015 9:05am
A\U your chart

I want to read Tim Morge for my extra info, thanks

I love charts, like you , mate !!!!!!!!!!!

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beauty is in simplicity
  • #726
  • Dec 20, 2015 9:09am Dec 20, 2015 9:09am
Quoting Kovalenko
A\U your chart I want to read Tim Morge for my extra info, thanks {image}
Thank you Kovalenko, a beautiful chart as usual. Feel free to post more. This thread is meant to be about market structure both 2D and 3D, (2D horizontal plane, 3D diagonal plane)

Also my chart show a break and retest of the fork to the upside, loss of energy to the downside, and trend reversal change to go long. I drew this a while ago also, but show here again.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #727
  • Edited 9:43am Dec 20, 2015 9:12am | Edited 9:43am
Quoting eaglestar
{quote} Thank you Kovalenko, a beautiful chart as usual. Feel free to post more. This thread is meant to be about market structure both 2D and 3D, (2D horizontal plane, 3D diagonal plane)
Thanks, ok

Last charts - nice.
beauty is in simplicity
  • #728
  • Dec 20, 2015 9:50am Dec 20, 2015 9:50am
To inspire

Inserted Video


Inserted Video
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #729
  • Dec 20, 2015 10:24am Dec 20, 2015 10:24am
Quoting eaglestar
New Training Video showing the NZDUSD pair on a pitchfork. Please let me know your thoughts. https://youtu.be/J-b9lwzZN6U


really liked the doubling the range with triangles example, also that a broken trendline can be an early hint of a change in behaviour...
thanks
the 3rd wave is the crowd's wave
  • #730
  • Dec 20, 2015 12:24pm Dec 20, 2015 12:24pm
[quote=eaglestar;8654655]New Training Video showing the NZDUSD pair on a pitchfork. Please let me know your thoughts.
Inserted Video
[/quote​Excellent video ES. With this kind of 1:1 instruction I would have to vote for more videos!!!

But I have a sort of weird request. Maybe a video when things don't go right or as planned.
  • #731
  • Dec 20, 2015 1:26pm Dec 20, 2015 1:26pm
Quoting eaglestar
To inspire https://www.youtube.com/watch?v=Vzpu-P2eRuI https://www.youtube.com/watch?v=CemLiSI5ox8
hy , thx for the video, i have a request if u have time could u tell me where to read more about 3d? or some webinars or something?i have read those links that u posted earlier
  • #732
  • Dec 20, 2015 3:34pm Dec 20, 2015 3:34pm
Quoting vladutz112
{quote} hy , thx for the video, i have a request if u have time could u tell me where to read more about 3d? or some webinars or something?i have read those links that u posted earlier
Hi Vlad -here's the stuff Eaglestar posted earlier when I asked the same question:

For explanation on 2d and 3d you can start with these articles

http://www.medianline.com/articles/H...%20Reading.pdf

http://www.medianline.com/articles/I...20of%20Gas.pdf

They go into detail about how to see diagonally, and knowing when i trade is running out of gas.
  • #733
  • Dec 20, 2015 3:51pm Dec 20, 2015 3:51pm
[quote=Winston Reed;8655021]
Quoting eaglestar
...... But I have a sort of weird request. Maybe a video when things don't go right or as planned.
I don't think that's a weird request.
  • #734
  • Dec 20, 2015 4:58pm Dec 20, 2015 4:58pm
AUDUSD is at an energy point right now, if it breaks higher watch these possible decision points (energy points)

AUDUSD 1H chart
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the 3rd wave is the crowd's wave
  • #735
  • Dec 20, 2015 6:45pm Dec 20, 2015 6:45pm
Quoting bartlby37
{quote} Hi Vlad -here's the stuff Eaglestar posted earlier when I asked the same question: For explanation on 2d and 3d you can start with these articles http://www.medianline.com/articles/H...%20Reading.pdf http://www.medianline.com/articles/I...20of%20Gas.pdf They go into detail about how to see diagonally, and knowing when i trade is running...
it's the same article in both links
  • #736
  • Dec 21, 2015 12:23pm Dec 21, 2015 12:23pm
Thoughts? Bad or good setup? Would you take it?
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Alternative view
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Example of "doubling the range"
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the 3rd wave is the crowd's wave
  • #737
  • Dec 21, 2015 1:01pm Dec 21, 2015 1:01pm
Uj - i think , we must wait (small space)
now only watch - tricks will be later

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beauty is in simplicity
  • #738
  • Dec 21, 2015 11:26pm Dec 21, 2015 11:26pm
Quoting juriFX
Thoughts? Bad or good setup? Would you take it? {image} Alternative view {image} Example of "doubling the range" {image}
2nd shot I like, here is what I have.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #739
  • Dec 22, 2015 1:02am Dec 22, 2015 1:02am
Ahren, hi mate...i inderstand last chart. Please tell me, what will be a signal here in order to make a trade ?
beauty is in simplicity
  • #740
  • Edited 3:28am Dec 22, 2015 3:12am | Edited 3:28am
Quoting juriFX
Thoughts? Bad or good setup? Would you take it? {image} Alternative view {image} Example of "doubling the range" {image}
Hi Juri - I'm a bit late to this but here's an alternative view. I think the important level is where price stopped swinging lower before moving up. Mentally I'm discounting the spike high - it looks like a news spike and so in my mind it looks like the last move up failed to make it to prior highs which isn't a sign of much strength.
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