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Price Will Tell - Supply/Demand Price Action Trading

  • #1,321
  • May 28, 2017 5:45pm May 28, 2017 5:45pm
Quoting simond2002
{quote} Partial close at S/R circa 2.5R. {image}
Hi simond
why you target the support level rather than the clear demand

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  • #1,322
  • May 28, 2017 6:04pm May 28, 2017 6:04pm
Quoting simond2002
{quote} There's nothing to understand. Besides, no one can ever agree on stuff like that. Three main things I'm concerned with: 1. Has price tested the level/zone? 2. Where is the SR on the approach? 3. Is there a decent potential RR? I'd advise you to study lower TF charts. If you're relatively new to this stuff it's going to take forever until you follow price through if you just stick to H4. Here's M1 EURUSD this morning. It played out from beginning to resolution. Structure is similar, and market structure governs target. I'm not suggesting...

simond

you are the first one ask me to trade on small TF

actually I like to do that but 3 points I need to pass
- the spred game (3 pips and it is no fixed), where is the ask or bid line.
- when the price Make a zone it sims to be never come back again and if the price turn to it break throw simply.
- do I have to marry the chart .

if my sapling is not good I am sorry it is not my home language.
  • #1,323
  • May 29, 2017 6:47am May 29, 2017 6:47am
Quoting shs0404
{quote} Hi simond why you target the support level rather than the clear demand {image}
currently away, will be back posting next week
cheers
  • #1,324
  • May 30, 2017 2:08am May 30, 2017 2:08am
I hit the target

Attached Image (click to enlarge)
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  • #1,325
  • Jun 3, 2017 10:32am Jun 3, 2017 10:32am
Quoting shs0404
{quote} Hi simond why you target the support level rather than the clear demand {image}
I broke the trade down into 3 x separate parts. 1st target for me is always around 2-3R/nearest SR.

I would have taken the 2nd part off at your target (good trade by the way) but I'm not familiar with cTrader's order system and don't know if it's possible to leave pending orders to scale out of a position. Didn't have access to cTrader while away so decided to expand T/P on the entire position to that which is shown on the chart below.

Still in the trade, will see what happens next week.

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  • #1,326
  • Jun 3, 2017 10:55am Jun 3, 2017 10:55am
Quoting shs0404
3 points I need to pass - the spred game (3 pips and it is no fixed), where is the ask or bid line.
Apologies, not sure what you mean by this. Assuming you have concerns about the spread if trading lower TF charts, all I can say is that spread should not be an issue as long as you're not scalping. Scalping may be an issue but I'm afraid this isn't something I can comment on further because scalping isn't a form of trading I get involved in.

Quoting shs0404
when the price Make a zone it sims to be never come back again and if the price turn to it break throw simply.
Yes, this is an issue that confuses and confounds a lot of SD traders because SD trading has been both presented and "taught" in a way that encourages contra-trend/contra-direction trading. My advice is to revisit support and resistance and observe how broken support/resistance can give way to direction. Once you comprehend direction take another look at SD zones. You may find you see them, and the way of trading them, in a new and different light. I don't wish to add anything further at this stage because I don't want to confuse anyone. Traders always need to spend the time seeing this stuff through their own eyes.

Quoting shs0404
do I have to marry the chart .
I suppose that depends on your own ability and also the sort of information you receive. All I can say is that I have spent a huge amount of time - years - studying the charts. It requires a VERY big commitment.
  • #1,327
  • Jun 4, 2017 10:07am Jun 4, 2017 10:07am
Quoting simond2002
{quote} Apologies, not sure what you mean by this. Assuming you have concerns about the spread if trading lower TF charts, all I can say is that spread should not be an issue as long as you're not scalping. Scalping may be an issue but I'm afraid this isn't something I can comment on further because scalping isn't a form of trading I get involved in. {quote} Yes, this is an issue that confuses and confounds a lot of SD traders because SD trading has been both presented and "taught" in a way that encourages contra-trend/contra-direction trading....


simond
again and again
thanks a lot for your attention

I review your comments many times , it is helpful.
  • #1,328
  • Jun 6, 2017 1:54am Jun 6, 2017 1:54am
Quoting simond2002
Still in the trade, will see what happens next week.
Closed out the second part for around 6R.

Attached Image (click to enlarge)
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  • #1,329
  • Jun 6, 2017 2:22am Jun 6, 2017 2:22am
Quoting simond2002
{quote} Update of daily example here. I didn't trade this, daily stops required and been preoccupied with EURUSD. Confirming PA is self-evident. Whether it runs lower is another matter but depending on entry, stops could already be at B/E by now. {image}
GBPJPY

Haven't traded the dragon at all this year. A quick look at the Daily PA for the first quarter of 2017 illustrates how turgid it's been. Having said that, price has now retraced a significant portion of April's breakout, and on the H4 chart things may start to get interesting over the coming candles. A turnaround for longer-term longs would be very nicely but obviously the clue for that will reside in price.

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  • #1,330
  • Jun 7, 2017 9:12am Jun 7, 2017 9:12am
What media said and what price did
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  • #1,331
  • Jun 7, 2017 9:16am Jun 7, 2017 9:16am
Quoting timos
What media said and what price did {image}
But media moves markets right? hehe

Great trading
  • #1,332
  • Jun 7, 2017 9:23am Jun 7, 2017 9:23am
Quoting simond2002
{quote} Closed out the second part for around 6R. {image}
Added another to this. Can be a bit sloppier with the entries when hedged against some of the first position. Idea is that it may channel down before breaking the low. Stops on both are just above the PA.

Attached Image (click to enlarge)
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  • #1,333
  • Jun 7, 2017 9:24am Jun 7, 2017 9:24am
Quoting simond2002
{quote} Added another to this. Can be a bit sloppier with the entries when hedged against some of the first position. Idea is that it may channel down before breaking the low. Stops on both are just above the PA. {image}
Awesome. I saw this setup on 1h chart in combination with 1m chart with a very low risk but I missed it since I don't focus on it too much.

Edit: Here were my marks. 2 possible entries, 1 with a small loss or be depending on your MM the other one is a possible 26 R:R
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  • #1,334
  • Jun 7, 2017 9:30am Jun 7, 2017 9:30am
Quoting timos
{quote} Awesome. I saw this setup on 1h chart in combination with 1m chart with a very low risk but I missed it since I don't focus on it too much.
If it goes they very well may push for that gap around 117.00
  • #1,335
  • Jun 7, 2017 9:31am Jun 7, 2017 9:31am
Quoting timos
{quote} Awesome. I saw this setup on 1h chart in combination with 1m chart with a very low risk but I missed it since I don't focus on it too much. Edit: Here were my marks. 2 possible entries, 1 with a small loss or be depending on your MM the other one is a possible 26 R:R {image}
Which pair is that? I'm looking EURJPY...
  • #1,336
  • Jun 7, 2017 9:31am Jun 7, 2017 9:31am
Quoting simond2002
{quote} If it goes they very well may push for that gap around 117.00
hold on,you're talking about EJ ? Mine is GJ but bot have similar run
  • #1,337
  • Jun 7, 2017 9:35am Jun 7, 2017 9:35am
Quoting simond2002
{quote} Which pair is that? I'm looking EURJPY...
GBP/JPY I almost never watch EJ but the setup looks identical.
  • #1,338
  • Jun 7, 2017 9:36am Jun 7, 2017 9:36am
Quoting timos
{quote} hold on,you're talking about EJ ? Mine is GJ but bot have similar run
Yea, EJ. Had this H4 demo trade on for a while.

Will put a live position on GJ if it tests 140.50 and gives a signal.
  • #1,339
  • Jun 7, 2017 9:45am Jun 7, 2017 9:45am
Quoting simond2002
{quote} Yea, EJ. Had this H4 demo trade on for a while. Will put a live position on GJ if it tests 140.50 and gives a signal.
I see a sweet spot @140.233
Time will show
  • #1,340
  • Jun 7, 2017 9:56am Jun 7, 2017 9:56am
Quoting timos
{quote} I see a sweet spot @140.233 Time will show
A little tap off of that with some confirming PA would be a nice short if it set up.

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