PA, S/R, ZL, EXTREMES & MOMO

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adaseb
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Postby adaseb » Thu Mar 17, 2011 8:50 am

long eu m1 demand 78

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FXfreak
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Postby FXfreak » Thu Mar 17, 2011 8:52 am

great adaseb! i read you posts! i look for a short near 90 or 00.

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adaseb
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Postby adaseb » Thu Mar 17, 2011 8:56 am

bailed eu at 89, was looking originally for 1.3999 target (h1 shoulder and before psycho number).

out of gold.

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newscalper
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Postby newscalper » Thu Mar 17, 2011 9:46 am

ES - could you comment on this please. It might help some who are struggling with this. I have to admit that sometimes I do too with price not coming to my area or seeing PA on the small TF that agrees with my analysis on the larger but then still blows through. Imagine this is a larger timeframe chart, I know this is 1m so it's crazy but you get the picture, there are very often multiple lines/areas within a momo breakout where price may come back to and then continue:
Image

There's even more lines than I've added if close under/close over is included.

I know why the yellow line - because that's where price turned. But the thing is, depending how far left you look ahead of time, you can draw a line practically anywhere. Also if we a re supply/demand traders (like Seiden) the breakout on the lower timeframe chart would have been at one of the lower three lines, we would never have seen an entry - this is what happens to me a LOT).
Last edited by newscalper on Thu Mar 17, 2011 9:53 am, edited 1 time in total.

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adaseb
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Postby adaseb » Thu Mar 17, 2011 9:51 am

long eu M1 demand. 17

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adaseb
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Postby adaseb » Thu Mar 17, 2011 9:52 am

out 34 prev high

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adaseb
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Postby adaseb » Thu Mar 17, 2011 9:58 am

newscalper wrote:ES - could you comment on this please. It might help some who are struggling with this. I have to admit that sometimes I do too with price not coming to my area or seeing PA on the small TF that agrees with my analysis on the larger but then still blows through. Imagine this is a larger timeframe chart, I know this is 1m so it's crazy but you get the picture, there are very often multiple lines/areas within a momo breakout where price may come back to and then continue:
Image

There's even more lines than I've added if close under/close over is included.

I know why the yellow line - because that's where price turned. But the thing is, depending how far left you look ahead of time, you can draw a line practically anywhere. Also if we a re supply/demand traders (like Seiden) the breakout on the lower timeframe chart would have been at one of the lower three lines, we would never have seen an entry - this is what happens to me a LOT).


the yellow line is resistance and it might be support in that area. Where you drew those lines is fine also.

The point is that you have no idea where price dip too, and thats why you draw a range of lines and watch it on the lower TF and enter when it looks like its supported in those areas.

maybe es/pip can comment more.

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adaseb
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Postby adaseb » Thu Mar 17, 2011 10:18 am

long m1 demand 29

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adaseb
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Postby adaseb » Thu Mar 17, 2011 10:25 am

dont think it'll hold -3.

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ajaymein
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Postby ajaymein » Thu Mar 17, 2011 10:33 am

short EU

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