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domino replied Mar 25, 2010where is your stop? at the high!!! gheeze guys now everyone knows lol..
Support and Resistance Trading Simplified
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domino replied Mar 25, 2010yourwelcome imma post some more on the fly trade as they happen not past stuff.
Support and Resistance Trading Simplified
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domino replied Mar 25, 2010we dont grade the S&R only realize it is S&R..and realize what type of s&r it is.. support zone 3C is support 3rd touch with 3-4 order clusters above it nothing more nothing less. the one you saw me take was a resistance zone 6D resistance zone 6 ...
Support and Resistance Trading Simplified
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domino replied Mar 25, 2010break short and then broke short again.. stop above high We are at Support zone 4A
Support and Resistance Trading Simplified
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domino replied Mar 25, 2010so now we are looking to line ourselves up with the orderflow look at this picture its ugly I know... but know that as traders begin taking profit it will drive price up notice the two arrows below.. this is where orders will begin to pile to drive ...
Support and Resistance Trading Simplified
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domino replied Mar 25, 2010here is how we stopped out of this trade.. Price is breaking higher over failed lows order flow stacked above highs has triggered and price will move higher we exit and wait. EDIT: ALSO I do want other people to know I do not think that J16 style ...
Support and Resistance Trading Simplified
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domino replied Mar 25, 2010if you go through since page two weve been following the same trade and adjusting building into and adding stops. every break on that way down in an entry hold and new entry.. and after every break we have adjusted stop above the failed high by ...
Support and Resistance Trading Simplified
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domino replied Mar 25, 2010[quote=FX Compass;3583042] ok fine im sorry to have misquoted you .. so you are saying at this moment supply is being exceeded by demand.. or price is rising but if demand is ever exceeding supply than price movement as a by product of rising demand ...
Support and Resistance Trading Simplified
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domino replied Mar 25, 2010I love renko charts and 3 bar break charts.. PA is extremely simple and extremely mechanical and easy to use... plus it simply makes lots of sense. well when price breaks generally we are getting in just as or right as the building orders at highs ...
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010yeah the just make the price action confusing. one pip + spread. well we could start a new one. discussing order flow and pure PA
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010continuing to selloff orderflow is spreading the orders out we continue to sell
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010ok post a chart and clearly observe it for me... ive done it in mine.. then well discuss this.. notice you verbage price has been exceeded demand.. not price is exceeding demand I can not trade the past only the present.. as for a highly probable ...
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010Price is breaking out low and triggering lower orders. stops accumulating at high along with new triggers. continuing to sell..
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010well price continued to break rather than breaking highs weve triggered more lower orders and we are moving lower. stop is adjusted to accumulate with the orderflow wow 24 hours of just relentless selling..
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010that article has a 2 out of 5 star rating as rated by users of investopedia why link it I wouldnt use investopedia unless I was looking to define something like contango.
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010lol actually there is good information in arguing.. when people argue their thought and opinions are shown faster and two points argue to win.. so all the facts from both sides are shown quickly and effectively.. and the others flaws are pointed out. ...
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010price must break the new failed high here to show exit and trigger the stop orders and new pending long orders in the order flow. 24 hours, 200 pips, and 1:10 risk:reward later price will have to break this high to lock in our profit.. we have ...
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010lol whatever I just picked the PB that occured at the "PPZ" but sure grade it for me tell me it was only a C trade... and no one in there right mind would have taken it. see your statement here is "where is is likely to stall or reverse.." doesnt ...
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010I sell because price is breaking lower... .. if price appears to be busted.. im assuming price looks stalled... I wait.. it will wave and break a high and take me out. anyways I feel like Ive completely hijacked this thread... so ill stop for a bit.
Support and Resistance Trading Simplified
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domino replied Mar 24, 2010thats the idea.. if you can whip out your crystal ball and tell me exactly where price will turn be my guest... cause I sure dont know anyone who can. I do not think you understand the concept... your candlesticks are a by product of price action ...
Support and Resistance Trading Simplified