Understanding price action

Discussion in 'Technical Analysis' started by Erin, Apr 23, 2020.

  1. Erin

    Erin

    Oh wait - maybe I color where we see orders...but this is what this thread is about - how we see orders in the bars
     
    #201     May 3, 2020
  2. Erin

    Erin

    Sorry not the same annotation from earlier...make sure I keep them from now on
     
    #202     May 4, 2020
  3. Erin

    Erin

    cheers
     
    #203     May 4, 2020
  4. easymon1

    easymon1

    delete mnq 30m.png ?
     
    #204     May 4, 2020
  5. rcsmie

    rcsmie

    above is post #67 of this thread... still got a long way to go XDD
    I got a question about the swap level you mentioned.
    how does that work? how do I know when a level would be swapped?
    does that just mean the demand(support) becomes supply(resistance) all of a sudden?

    perhaps u'd explained it earlier or you'll explain it later down this thread.
    I tried your strategy and it worked like magic. (on MES 6-20)
    I can't say I fully understand the concept of demand/supply yet.
    but i've had a real money trade that was closed within 30 sec with R/R of 12/12 ticks.
    and a failed simulation with R/R of 12/26 ticks on MES 6-20.
    however that would work if I give another 6 ticks to risks and use 18/26 instead my original 12/26.
    The uptrend ended up with a 30 points(120 ticks) run!!!

    here is the pic of my failed simulation


    I wish to learn more about this strategy using demand/supply.
    please post more pic and explains how you identify the inbalance of demand/supply.

    thank you so much Erin :D :thumbsup:
     
    #205     Jun 12, 2020
  6. rcsmie

    rcsmie

    I have an unusual request, can you switch to use 2 different colours as ur candle??
    I'm colorblind and having problem identifying some of the colours.
    Usually I had to switch the candle to a black and white or I'd use a dark blue with a light pink for the candles.
    I read somewhere there're 5-10% of the people have varies degree of colorblindness in the populations. you'd really benefit people with the condition :D

    again, thx for the knowledge and please keep posting:thumbsup:
     
    #206     Jun 12, 2020
  7. rcsmie

    rcsmie


    Let's say 90% of the investor believe this TA crap and put down some buy orders when the price touches 14 EMA, will the price "magically" bounce back up??

    now with proper r/r ratio set up. Can it be profitable. That's all I care about.

    So, does TA not work? or it's just some people refuse to look at the reality? :rolleyes:
     
    #207     Jun 12, 2020
  8. rcsmie

    rcsmie

    pardon my understanding, I don't really get what she meant by swap after reading post #41.........
    Since now she's driven away by some members here, could you be very kindly to explain that or just what your understanding of swap might she meant?

    thank you :D
     
    #208     Jun 12, 2020
  9. rcsmie

    rcsmie

    If I roll dice whenever a certain event happens on the chart and been making some money from it. and I'd like to share it with the world. what's wrong with that?
    I think it's good that more people are willing to share their idea here. It may not work for you but how could you know that wouldn't work for other people?

    I replied to your old account about some questions, i hope you could answer with your new account :cool:

    btw, I'm from Richmond BC. Good to see someone from my local community!!
    glad you are back!!
     
    #209     Jun 12, 2020
  10. easymon1

    easymon1

    Erin
    how bout one of your 'analysis especiales' on a sub-Ten minute chart of the nq2020 0616?
    8:40 AM Forward to Noon are of high interest.
    2:00 AM leading up to 9:AM would be interesting due to the different trader demographic taking part at those 'non-institutional' amateur hours.

    nq 2020 0616 2017.png
     
    Last edited: Jun 16, 2020
    #210     Jun 16, 2020