Price Will Tell - Supply/Demand Price Action Trading | Page 65 | Forex Factory

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Price Will Tell - Supply/Demand Price Action Trading

  • #1,281
  • May 10, 2017 9:53am May 10, 2017 9:53am
Quoting simond2002
{quote} Price failed to retrace. Bit nuanced but my rationale for 2 x positions short is based on price making a kind of H/S (entry on perceived right shoulder). Both at B/E now so it's up to the market. Twitchy day. {image}
Stopped at B/E on both.
I give up for today.
  • #1,282
  • May 10, 2017 9:55am May 10, 2017 9:55am
Quoting simond2002
{quote} Price failed to retrace. Bit nuanced but my rationale for 2 x positions short is based on price making a kind of H/S (entry on perceived right shoulder). Both at B/E now so it's up to the market. Twitchy day. {image}
Good catch but I tend to avoid H&S in the middle of a move. Not because they don't work but they retrace fast most of the time.They are good for a quick scalp though.
  • #1,283
  • May 10, 2017 10:02am May 10, 2017 10:02am
Quoting timos
{quote} Good catch but I tend to avoid H&S in the middle of a move. Not because they don't work but they retrace fast most of the time.They are good for a quick scalp though.
The entry was actually on the M1. If you check your chart you'll see the opposing minor swing low @ 1.0865 where the first part of the trade "should" have been closed. My bad.
  • #1,284
  • Edited 10:50am May 10, 2017 10:28am | Edited 10:50am
Quoting simond2002
GBPJPY M15 Price has printed M15 supply. Daily is still not breached at 148.458. Not interested in buying. Will see how/if price retests the fresh supply for potential selling. {image}
Thanks for bringing this to my attention.
Just got a 0 DD short entry
Attached Image (click to enlarge)
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Closed half to cover sl. It's free to run.

Attached Image (click to enlarge)
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  • #1,285
  • May 10, 2017 11:13am May 10, 2017 11:13am
Quoting timos
{quote} Thanks for bringing this to my attention. Just got a 0 DD short entry {image} Closed half to cover sl. It's free to run. {image}
Hey good stuff. Is that tick chart again?
  • #1,286
  • May 10, 2017 11:14am May 10, 2017 11:14am
Quoting simond2002
{quote} Hey good stuff. Is that tick chart again?
Yes, 30 ticks but is not very different from 1m.
  • #1,287
  • May 10, 2017 11:16am May 10, 2017 11:16am
Quoting timos
{quote} Thanks for bringing this to my attention. Just got a 0 DD short entry {image} Closed half to cover sl. It's free to run. {image}

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at May 10 17-15-47.jpg Size: 45 KB
  • #1,288
  • May 10, 2017 11:20am May 10, 2017 11:20am
Quoting simond2002
{quote} {image}
Yeap,that was another opportunity for a 2nd entry or main entry with confirmation....

P.S Watch NU and the chart I posted previously....looks like it is about to break the range....
  • #1,289
  • May 10, 2017 11:21am May 10, 2017 11:21am
Quoting timos
{quote} P.S Watch NU and the chart I posted previously....looks like it is about to break the range....
  • #1,290
  • May 10, 2017 11:35am May 10, 2017 11:35am
What you think about this? This is the chart without indicators
Attached Image (click to enlarge)
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  • #1,291
  • May 10, 2017 11:41am May 10, 2017 11:41am
Quoting xxxena
What you think about this? This is the chart without indicators {image}
It's pretty much the same that was discussed on this post

Once direction changes, we use the PA tools at our disposal to trade with the new direction.

Attached Image (click to enlarge)
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  • #1,292
  • May 11, 2017 2:00am May 11, 2017 2:00am
Quoting simond2002
{quote} Watching this level on EURUSD M5 {image}
Level has just come into play, taking a day off today though. Good trading to all.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 38 KB
  • #1,293
  • May 11, 2017 4:58am May 11, 2017 4:58am
Quoting simond2002
{quote} Watching this level on EURUSD M5 {image}
HTF supply did the trick here.

Entered manually after the rejection on 5m chart.Closed half to cover sl and some to equity.
Rest is free to run.
Attached Image (click to enlarge)
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  • #1,294
  • May 11, 2017 10:04am May 11, 2017 10:04am
Hey timos,

What platform do you use for tick charts ? I have been looking for a tick chart solution in mt4 but wasn't satisfied with the stuff I found so far. Any recommendations for tick charts ?
  • #1,295
  • May 11, 2017 10:06am May 11, 2017 10:06am
Quoting zamiel
Hey timos, What platform do you use for tick charts ? I have been looking for a tick chart solution in mt4 but wasn't satisfied with the stuff I found so far. Any recommendations for tick charts ?
jForex - Dukascopy
cTrader also offers tick charts but it is preset to 10 20 and 34 ticks if I remember right while on jForex you can set as many tick charts as you want.
  • #1,296
  • May 16, 2017 2:01am May 16, 2017 2:01am
EURUSD M30

It can take a long while for levels like this to be tested. Good opportunity to watch and learn how price plays out in real time although this is an M30 chart so a resolution can still take some time.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 31 KB
  • #1,297
  • May 16, 2017 2:21am May 16, 2017 2:21am
Quoting simond2002
Good opportunity to watch and learn how price plays out in real time
... and price goes straight through the level. A fine example of how random top and bottom picking without some form of price-action confirmation can savage an account. Question is, would a short here have been a reversal or continuation? And what PA does one need to see at a level like this in order to confirm direction and enter the market?

Attached Image (click to enlarge)
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  • #1,298
  • May 16, 2017 4:18pm May 16, 2017 4:18pm
Quoting simond2002
{quote} ... and price goes straight through the level. A fine example of how random top and bottom picking without some form of price-action confirmation can savage an account. Question is, would a short here have been a reversal or continuation? And what PA does one need to see at a level like this in order to confirm direction and enter the market? {image}


This point is driving me crazy
usually I do set and forget on a strong zones but still losing money.

What should I do?
  • #1,299
  • May 17, 2017 1:41am May 17, 2017 1:41am
Quoting shs0404
What should I do?
Focus on reading price-action at the levels.
  • #1,300
  • May 17, 2017 2:28am May 17, 2017 2:28am
Quoting shs0404
{quote} This point is driving me crazy usually I do set and forget on a strong zones but still losing money. What should I do?
Stop following Alfonso Moreno and do what Simon says
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