teodosy87 Posted June 17, 2011 Report Share Posted June 17, 2011 (edited) To jim! I just wanted to drop a line you have pretty good view of the market but as i see it you miss one big component always look big. I am showing you a picture that actually start this move as you can see we hit big demand level and for me this means that the supply level you are showing wont be enough to stop this move ..... just want d to point this out ALWAYS LOOK AT THE PIB PICTURE! http://imageshack.us/photo/my-images/804/screenshot20110618at18j.jpg/ p.s sorry but i don't know how to post a picture ... other way ... Edited June 17, 2011 by teodosy87 Quote Link to comment Share on other sites More sharing options...
priceless_knowledge Posted June 17, 2011 Report Share Posted June 17, 2011 Good work and Thanks Quote Link to comment Share on other sites More sharing options...
⭐ bullforever Posted June 18, 2011 Report Share Posted June 18, 2011 (edited) p.s sorry but i don't know how to post a picture ... other way ... Copy the link of imageshack, i.e. forum links or direct link You will find insert image icon in the quick reply window of indo-investasi. Click on that icon. A small window will open up asking for link. Paste the imageshack link there and thereafter click O. K. Then click post quick reply button. That is it. Simple Here is your image http://img804.imageshack.us/img804/4198/screenshot20110618at18j.jpg Edited June 18, 2011 by bullforever teodosy87 1 Quote Link to comment Share on other sites More sharing options...
sspremj Posted June 19, 2011 Report Share Posted June 19, 2011 Thank you all for the posts. Very informative and helpful. Keep up the good work. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 21, 2011 Report Share Posted June 21, 2011 Pretty quiet here...... Quote Link to comment Share on other sites More sharing options...
trader.john Posted June 21, 2011 Report Share Posted June 21, 2011 Just a reminder for all of us. Today Sam is conducting a Webinar at fxstreet. url to register for the event: http://w**.fxstreet.c0m/webinars/sessions/session.aspx?id=8682a5d4-2362-4758-a7e9-b5f4d6aa4a1c hermanhess, saamy and alright 3 Quote Link to comment Share on other sites More sharing options...
whakamaru Posted June 23, 2011 Report Share Posted June 23, 2011 Pretty quite in here lately after a good start. To get this started again would it be possible for people to briefly describe the process they use to mark their supply and demand levels. To me it seems a little bit subjective to where you mark these areas. Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 23, 2011 Report Share Posted June 23, 2011 (edited) I've not been trading much this week but here's a daily level that I had been looking at that finally triggered today. Taking a trade like this is a bit scary because price has been falling out of the sky over the last couple of weeks - but it's got to stop somewhere... The black and red lines show the entry, stop & take profits - though I doubt whether I'll hold out for that upper supply level and more likely I'll look to take something out of it at 2 x risk - assuming it ever gets up that far. http://img31.imageshack.us/img31/6079/23062011gbpusddailylong.jpg Edited June 23, 2011 by JimJamBonks hedgehog and hotvitlon 2 Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 24, 2011 Report Share Posted June 24, 2011 I've not been trading much this week but here's a daily level that I had been looking at that finally triggered today. Taking a trade like this is a bit scary because price has been falling out of the sky over the last couple of weeks - but it's got to stop somewhere... The black and red lines show the entry, stop & take profits - though I doubt whether I'll hold out for that upper supply level and more likely I'll look to take something out of it at 2 x risk - assuming it ever gets up that far. JimJamBonks, these are exactly the trades to take because everyone is selling and it feels like doomsday as per what Seiden always mention. Trades like these makes the dough. Lots of it :-) Quote Link to comment Share on other sites More sharing options...
trader.john Posted June 24, 2011 Report Share Posted June 24, 2011 HI JimJamBonks, Can you please let me know how did you draw those demand lines. I would have drawn the first line above the close of the Doji candle. You started it from somewhere in the lower wick. Is it from a lower timeframe? Secondly, since the wick is long, is it a good demand level? Appreciate your response. Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 24, 2011 Report Share Posted June 24, 2011 trader.john - When looking at levels that don't have an apparently obvious origin, I look for the pattern shown below to help me define it. In fact I've suggested it on some of my charts posted earlier in this thread. Basically, looking at the chart below you can see price dropped down to point 1 with some obvious rejection, moved up to point 2 before making a brief touch back into the origin area at point 3 before making the larger advance. I basically used the distance between 1 and 3 to "suggest" the origin area. I'd like to say this was 100% methodical but I'm afraid there is still some art to it - and it goes without saying it is by no means foolproof, it's merely a price action suggestion and as you can see when price eventually did return it fell straight through the top of the level to test the bottom. http://img29.imageshack.us/img29/6079/23062011gbpusddailylong.jpg hedgehog 1 Quote Link to comment Share on other sites More sharing options...
trader.john Posted June 25, 2011 Report Share Posted June 25, 2011 That is a new way of looking at Supply/demand level. Very intersting. Quote Link to comment Share on other sites More sharing options...
alansim Posted June 29, 2011 Report Share Posted June 29, 2011 Damn ! This May 2011 thread has gotten over 10k of views ! And 29 pages ! WOW ! Quote Link to comment Share on other sites More sharing options...
hedgehog Posted July 1, 2011 Report Share Posted July 1, 2011 Been very quiet of late though. However, I spy an opportunity in AUDUSD. H4. Short on supply zone 1.07137 level. Currently below that after 3 bearish candles. Still looks good to me IMHO. 1st TP at 1.05800 and 2nd TP at 1.04650. This is not a trade recommendation. I am very bad at that :-) This is a matter for record and information only. Quote Link to comment Share on other sites More sharing options...
samk090905 Posted July 1, 2011 Report Share Posted July 1, 2011 that's a very dangerous level. 1.0834 or 1.0864 is much, much better. hedgehog 1 Quote Link to comment Share on other sites More sharing options...
whakamaru Posted July 1, 2011 Report Share Posted July 1, 2011 (edited) Been very quiet of late though. However, I spy an opportunity in AUDUSD. H4. Short on supply zone 1.07137 level. Currently below that after 3 bearish candles. Still looks good to me IMHO. 1st TP at 1.05800 and 2nd TP at 1.04650. This is not a trade recommendation. I am very bad at that :-) This is a matter for record and information only. hedgehog Can I ask why you you would go short at the supply zone 1.07137 level other than the 3 bearish candles. Are there other levels in the lower timeframes? I would agree with samk090905 and wait for the 1.0834 or 1.0864 levels. I would have my supply zone between 1.0890 and 1.0835. Mind you I am still having real difficutlies identifing the correct supply and demand zones correctly since being a real newbie at this trading. Edited July 1, 2011 by whakamaru Quote Link to comment Share on other sites More sharing options...
samk090905 Posted July 1, 2011 Report Share Posted July 1, 2011 didn't i tell you 1.0713 is a dangerous level to go short on? a very good place to go short on would be 1.0834 or 1.0864. hope this helps. Been very quiet of late though. However, I spy an opportunity in AUDUSD. H4. Short on supply zone 1.07137 level. Currently below that after 3 bearish candles. Still looks good to me IMHO. 1st TP at 1.05800 and 2nd TP at 1.04650. This is not a trade recommendation. I am very bad at that :-) This is a matter for record and information only. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted July 1, 2011 Report Share Posted July 1, 2011 Trade Set-up. Time Frame: H4 Long CADJPY 81.63. Demand zone 81.21/63 Stop Loss 45 pips. Take Profit 100/140 pips. Supply zone 83.12 Risk Reward 1:2/1:3 This is NOT a trade recommendation. This is for information and record only. "If you read one guy's opinion and do anything based solely on that, you're an idi*t!" - Cliff Assness, AQR Capital Management Trade closed. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted July 1, 2011 Report Share Posted July 1, 2011 didn't i tell you 1.0713 is a dangerous level to go short on? a very good place to go short on would be 1.0834 or 1.0864. hope this helps. Is it because the zone has been tested before? Quote Link to comment Share on other sites More sharing options...
FXTraderPro Posted July 1, 2011 Report Share Posted July 1, 2011 You need to look at the bigger picture to see what's going on. 1.0713 isn't a significant level. Price just broke above a major trend line on the daily chart with room to go to the next major resistance areas. The 1hr has been in a descending channel in an uptrend over the last two days. This a a great trend continuation setup. Notice the wide range 1hr bar closing above several candles as it breaks outside of the range. http://i.imgur.com/EoVlQl.jpghttp://i.imgur.com/vXF7Dl.jpg hedgehog and whakamaru 2 Quote Link to comment Share on other sites More sharing options...
samk090905 Posted July 2, 2011 Report Share Posted July 2, 2011 Is it because the zone has been tested before? among many reasons, one reason is that it has been tested a few times there at the 1.0713 level. hedgehog 1 Quote Link to comment Share on other sites More sharing options...
whakamaru Posted July 2, 2011 Report Share Posted July 2, 2011 (edited) So where would you expect price to go before moving down again? I have a supply zone marked on my chart for between 1.0890 and 1.0835 Edited July 2, 2011 by whakamaru Quote Link to comment Share on other sites More sharing options...
samk090905 Posted July 2, 2011 Report Share Posted July 2, 2011 (edited) i think price is going to have a pretty decent pause at 1.0830 and 1.0850. if it can convincingly clear 1.0890 and close above 1.0900 then 1.1000 is the ultimate target. but 1.0950 to 1.1000 is danger zone. i would go maybe half a position starting at 1.0910 and then if you see it moving beyond, start adding to your position. basically scaling in and out. then if you want to be aggressive, let price break above 1.10 and take a trade on the retrace to 1.10 and not the break of 1.10 or the pierce of 1.10 but actually a close above. but wait for it to retrace back to 1.10 to initiate your trade. So where would you expect price to go before moving down again? I have a supply zone marked on my chart for between 1.0890 and 1.0835 Edited July 2, 2011 by samk090905 Quote Link to comment Share on other sites More sharing options...
whakamaru Posted July 5, 2011 Report Share Posted July 5, 2011 (edited) i think price is going to have a pretty decent pause at 1.0830 and 1.0850. if it can convincingly clear 1.0890 and close above 1.0900 then 1.1000 is the ultimate target. but 1.0950 to 1.1000 is danger zone. i would go maybe half a position starting at 1.0910 and then if you see it moving beyond, start adding to your position. basically scaling in and out. then if you want to be aggressive, let price break above 1.10 and take a trade on the retrace to 1.10 and not the break of 1.10 or the pierce of 1.10 but actually a close above. but wait for it to retrace back to 1.10 to initiate your trade. Would you now go short on the AUDUSD now it is below the previous resistance line Edited July 5, 2011 by whakamaru Quote Link to comment Share on other sites More sharing options...
samk090905 Posted July 5, 2011 Report Share Posted July 5, 2011 i have no idea which resistance line you are talking about. Would you now go short on the AUDUSD now it is below the previous resistance line Quote Link to comment Share on other sites More sharing options...
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