Support and Resistance Trading Simplified

[Fmikingie]

Update in my final chart. Short functioned although miniature top holding maybe until markets open in full gear on Tuesday.


https://www.nigeriaforextrading.com/attachments/151949828074361796.png

[Bllsll30]

Update on my final chart. Short worked nicely, although miniature top holding but maybe until markets open in gear on Tuesday.

I love watching your trades on those really evident charts, please keep them coming in the event that you can. I believe there is much to learn from how you trade.

Could you explain why you took brief 1 on this up bar please? I thought you were waiting to get a close below online? The brief was set on very near the upper resistance line (that was great ) and price did not figure out how to breach it but that prior bullish trap pub could have got me worried. Just trying to understand your thought procedure.

Thanks

[Fmikingie]

Thanks Sutts,

The entrance short 1 It was an overnight trade. So I setup an auto trade: In case price close below the blue line, put a 4 pips below the Resistance yellowish line.

Here is the final upgrade before us news



PS: Because I am a new member my post take a lot time to be publish...
https://www.nigeriaforextrading.com/attachments/1519498281286050311.png

[balzalegim]

I visit.

So in regards to this chart;

https://www.nigeriaforextrading.com/attachments/1519498282514129321.png

You are counting the consolidation areas as places to add into a trade, in the event you wind up in short place on the road back down?

If that is true, may I ask should you add to a situation with equal weight all the way or do you use a pyramid entrance or something? Not really consolidation areas or break out areas just areas of big clustering. . We are just getting started wait until we whip out the order book you are able to spot failure before it happens with the orderbook and orderflow reading.
But shut
and I use equal position sizing. . 50k . . 50k. . 100k 100k as price drops. Depending on account size.

[Bllsll30]

I visit.

So in regards to this chart;

https://www.nigeriaforextrading.com/attachments/15194982851579185179.png

You are counting the consolidation places as areas to add to a trade, should you end up in short place on the way back ?

If that is true, may I ask if you add to a position with equal weight all the way or do you use a pyramid entry or something?
I'm no expert Ted but I feel that the importance of this 6-7 clusters in the RZ title is that....

The longer short order clusters set in on the build to a resistance line, the stronger the move down from that RZ is likely to be. With many short clusters below, I believe that the rest of this past higher low will probably be strong since new longs will have added on the continuation of every pull back and these long players will have altered their protective stops up as new highs are placed in (so the greatest concentration of orders will be below the last non ).

This surge might be enough to propel price into the next bunch below and if the clusters are close enough together, a chain reaction may take place (domino effect!) .

When counting clusters below a RZ level, I don't think we should be including lows which have been subsequently taken out by price prior to price reaches the RZ line. I attach a diagram to attempt and explain my thoughts.

Perhaps Domino could confirm ?
https://www.nigeriaforextrading.com/attachments/1519498265.png

[Fmikingie]

I submitted the previous chart hours past but it takes forever to be print.... By the time you read this, the market will be gone.

Regardless of service hold and I shut the next position BE. Currently there is 2 trades forming. Let see what happens.

Trades EJ based on S/R.


https://www.nigeriaforextrading.com/attachments/15194982881139823759.png

[Bllsll30]

Thanks,

The entrance short 1 It was an overnight trade. So I set up an auto trade: In case price shut under the blue line, put a brief 4 pips under the Resistance line.

Here is the final upgrade before us news



PS: Because I'm a new member my article have a lot time to be publish...
Thank you, good stuff.

[Fmikingie]

After news update . Closing Trading day weekly.

Both Short and Long (hit both targets) worked. Sadly the brief was too fast to exchange. . .well. A one that broke both resistances along with the perfect one following the news settle down and came straight back to the original entry point.

EJ now closing


https://www.nigeriaforextrading.com/attachments/151949829093829175.png

[Fmikingie]

For those following the Eur/Usd this was my view S/R for now with all potential trades L and S.


https://www.nigeriaforextrading.com/attachments/1519498292529972684.png

[cmislinabem]

Hello my Coworkers,

I'm at the Forex market since 2008. I have developed myself and been leaping to a time from a time. Finally, I end up with the Fibo Retracement over the weekly timeframe for technical analyses and Daily(sometimes 4H) chart for the true trading. I realized that the most realistic levels of support and resistance are those around the Fibo levels. I consider breaking the Support line if the Daily pub closed under it, and the same approach to the Resistance in the event the pub is closed over it.
https://www.nigeriaforextrading.com/attachments/1519498294743871121.png

[oxmengo88]

Trades Sisse. Seems as if you are trading almost every movement from level to level.

[oxmengo88]

This is another level that has a lot touches. How can you name this amount Domino and how much can you look back? Can you only count touches from even from above or below?

Is the number of wicks too important in regards to clusters?

https://www.nigeriaforextrading.com/attachments/15194982971086904189.png

Thank you very much!

[pilamixu]

Just discovered this thread. Nice!

Thanks Domino and all!

[gmeenvexx]

Sutts, what are you doing here?? Good to see ya, just kidding.

Phil

[Emoxel]

Not really consolidation areas or split areas only areas of big clustering. . We're only getting started wait until we whip out the order book you are able to place failure before it happens with the orderbook and orderflow reading.
But close
and that I use equal position sizing. . 50k . . 50k. . 100k 100k as price falls. Based on account size. Which company are you using to get your orderbook?
thanks!

[Bllsll30]

, what do you do here?? Great to see ya, just kidding.

Phil Hi Phil, good to see you've made it . There is some really interesting stuff being discussed here is not there? A true eye opener for me. . .actually knowing why prices go and where they will probably proceed next. Useful information, whatever your trading style.

[balzalegim]

Maybe Domino could confirm ? Hey guys lets get into market microstruture abit. . We're moving to another thread as if involved so I can organize the ideas for future 29, I need to open up a thread. . Place a link in this post in a bit after I left it. Ive been pushing it off simply showing up some transactions like to see some order flow traders out there so ill be getting here.

Here is where Ill be continuing this thread... https://www.nigeriaforextrading.com/trading-system-and-egies/108-chart-store.html

[Fmikingie]

Just S/R.

E/J now at the moment.


https://www.nigeriaforextrading.com/attachments/1519498301782104978.png

[Fmikingie]

Caught from the miniature bottom noise. Major S/R nevertheless holding


https://www.nigeriaforextrading.com/attachments/1519498303950317169.png

[oxmengo88]

Thanks Sisse. What's your standards to go? Seems as if you're using closing prices.

[oxmengo88]

Thank you for your reply Sutts.


This begs the question: is the power of this very long breakout (surge) dependent on the amount of swing points (order clusters) put in on down the road? I.e. after a lengthy fall with plenty of retracements, the buy orders that sit on the past lower high (because of stops being gathered and moved as new lower highs are put in) should in theory be substantially greater than if the collapse is small or when the fall is large but very rapid with couple of pull backs.
That's the question to ask. In my case the down-move was fine and clear before price hurried up.

[balzalegim]

what exactly do we think?
RZ6E flipped to resistance in sellsided orderflow
https://www.nigeriaforextrading.com/attachments/1519498340329997991.png

[balzalegim]

Thank you for your answer Sutts.



That is the the question to ask. In my example the down-move was fine and clear ahead of price hurried up. Price will rush in areas of clustering and remainder in areas where clusters aren't they will construct the price action ness to climb to the orders above. . Since the orders are liquidated from that down moves the top orders become greater. . Price discovery and order clusting rush this up

[balzalegim]

Thank You for Verifying Domino. I think that answers two of my questions.

1. Single fractals are sufficient as break points (1 higher low on every side of the low point rather than 2 higher lows on each side). yes
2. A brief entry could be made as soon as the prior long fashion fails (by the final higher low being removed ) provided the failed lesser high is put in place . From a support or resistance area that I take the first break.

Please correct me if I've read this wrong.

Really love your help.

[balzalegim]

Hello Domino and ribbon fellows!

I have prepared a chart à la BabeFX. What do you think about it? Can they make sense and am I missing something?
There's some text from the charts, perhaps you (all) could remark!

Thanks a lot

Flo

https://www.nigeriaforextrading.com/attachments/1519498342188885325.png

https://www.nigeriaforextrading.com/attachments/1519498344696429960.png the very first place stops hit at which the largest chunks of clusters. . They had enough power to change the orderflow after eating the clusters price wont have orders above to keep to power the move and so it congested and built more buyside order flows. . You should have been stopped outside in congestion and waited for price to break again. . The new clusters powered price into the levels and with all the momentum intact had enough juice to take out the high.

[balzalegim]

what do we think
RZ11F-swapped eurry/aud
backed up with news
https://www.nigeriaforextrading.com/attachments/151949834673207886.png

[Emoxel]

hi domino, would these be right entries?

thanks
https://www.nigeriaforextrading.com/attachments/1519498349124579759.png

[balzalegim]

hi, would those be correct entries?

Thanks cant really see alot there and don't have any idea what pair it is to monitor it but for the time period thats up only the 2nd trade u made could have been taken by me... judging from what I can see. Failed High followed by a low break is money throw in some resistance at least a RZ4H -swapped and that trade has been golden

[balzalegim]

heres the way that eur/aud scalp worked out. .

That puts us for 5 right
I dont believe this is over but at 1:4 and computer is becoming laggy me or the platform I cant tell I said screw it and closed.

Edit: figured it out man I hate windows it was damned autoupdate at 3 in the afternoon. . Grr
yeah still moving damn un microsoft one day microsoft one day...
https://www.nigeriaforextrading.com/attachments/15194983511903166221.png

[Emoxel]

so you wouldn't have entered in the red lines from the uploaded screenshot but would have entered in the actual break of the swing reduced right? It seems like you entered somewhat differently in this screenshot https://www.nigeriaforextrading.com/attachments/15194983541968006158.png

does a break 1 off from the high or low for your entrance?

When adding onto the transaction, do you still use the 15m chart or do you get a secondary lower timeframe chart that you examine?
thanx
https://www.nigeriaforextrading.com/attachments/1519498357381671530.png

[balzalegim]

so you wouldn't have entered in the red lines from the uploaded screenshot but would have entered in the true rest of the swing low right? It seems like you entered somewhat differently in this screenshot https://www.nigeriaforextrading.com/attachments/1519498360382267910.png haha that this transaction did quite well too I didnt mention it 100 pips I believe.

Which has been a break on another timeframe. . Its not ness a rest of the low its just enough to trigger the order clusters so take the low of the candle bodies depending on the wicks if the wicks are real long ill wait a little longer mid - short wicks I take the bodies

does a rest = 1 away from the low or high for your entry? Break is dependent on wicks extended wicks its best to wait and see short to moderate wicks body low/high disperse.

when adding onto the transaction, do you still use the 15m chart or do you have a secondary lower time frame chart that you examine?
Thanx I inserted in the order clusters so in the Event That You zoom out to the chart because price is breaking and triggering orders im adding to my position just Difficult to see on the 15M

[balzalegim]

Non farm payrolls wedged in the middle of bank holiday's this should make for an interesting rest of the week that I won't trade it.

[Fmikingie]

I've been trying to post my comments since yesterday. I don't understand whats going on. Whatever the case, here it goes chart with my views on S/R and price analysis.


https://www.nigeriaforextrading.com/attachments/15194983631024135236.png

[balzalegim]

I have been trying to post my comments since yesterday. I really don't understand whats going on. In any case, here it goes chart with my perspectives about S/R and price analysis.

Heres what I believe we are approaching a RZ9F-swappedwith sold sellside order flow built up on approach. . I believe we are exhausted pic of all RZ9F in pic. .

Orderflow on 2nd chart. .

What needs to be done is wait for the challenge on break of the RZ10F we ought to short on unsuccessful high and on challenge failed non fracture high -reswap into SZ11D price ought to stagger and construct order flow and retrace back and we ought to long on fracture of high...

I'd be more willing to brief tho as the sell side order flow is significantly more built up.
https://www.nigeriaforextrading.com/attachments/1519498365445681842.png
https://www.nigeriaforextrading.com/attachments/1519498368941154280.png

[alexjangemclangem]

RZ10F. Hello. What's the 10F part? (I suppose RZ is resistance zone).
Is 10 the nuber of rolls in the degree?

Thank you,

Ed.

[balzalegim]

Hi. What's the 10F component? (I suppose RZ is resistance zone).
Is 10 the nuber of rolls in the degree?

Thank you,

Ed.
RZ- resistance zone
10-Number of touches
F-has to perform with built up orderflow. . F is 6-7 clusters short

[balzalegim]

brief worked nicely.

RZ8B-Swapped

tar- triangle bottom or service
https://www.nigeriaforextrading.com/attachments/1519498370998676735.png

[Fmikingie]

Today EJ potential miniature top but its overdue. Too near vacation


https://www.nigeriaforextrading.com/attachments/15194983721210624665.png

[Emoxel]

that was a break on a different timeframe. . Its not ness a break of the reduced its just sufficient to trigger the order clusters so take out the low of the candle bodies based on the wicks if the wicks are actual long wait somewhat longer mid - short wicks I just take the bodies
fracture is dependent on wicks long wicks its very best to wait and watch short to moderate wicks body low/high disperse. Exactly what kindof different time are you looking at?

What software are you using to see the orderflow and the trading codes?

[alexjangemclangem]

RZ- resistance zone
10-# of touches
F-has to do with built up orderflow. . F is 6-7 clusters short
I see.

So with regard to this chart;

https://www.nigeriaforextrading.com/attachments/15194983731900410109.png

You are counting the consolidation areas as places to add to a trade, should you wind up in short place on the way back down?

If that's the case, may I ask should you add to a situation with equivalent pounds all the way or do you utilize a pyramid entry or something?

[balzalegim]

95294how about that buyside orderflow lol
https://www.nigeriaforextrading.com/trading-discussion/94-mind-market-book-review.html

took london for 70pips exactly what a compacted order flow collapsed low and a breakout is going to do.

[clamalesly]

90023 even though I don't see 70 pips there, I believe that is where it occurred
https://www.nigeriaforextrading.com/attachments/1519498416985942784.png

[balzalegim]

90023 I was in here yellow line

that was the second orders began being triggered. .
https://www.nigeriaforextrading.com/attachments/151949841849772680.png

[clamalesly]

90023I don't believe the title of the thread really applies to the contents, we are not trading SR amounts

Domino, why don't you start a new thread named Price analysis and orderflow trading or something like this? . . .you could copy all of your charts and explanations over to it.

[clamalesly]

90023
I had been in here yellow line

which was the moment orders started being triggered. . right. Heading down to 15m, yes, it can be seen by me. I posted a 60m but I see it clearly within on 15m.

Would you ever look at going down to 5 mins for your triggers once your orderflow on main timeframe has changed direction?

[Halsu]

90023
I do not think the name of this thread actually applies to the contents, we're not trading SR amounts

Domino, why not start a new thread named Price analysis and orderflow trading or something like that? . . .you could copy all of your charts and explanations to it. I second this, I've been reading domino's articles but I'm still not really Certain how he is trading

[clamalesly]

90023
I have been reading domino's articles but I am still not quite sure how he is trading think about it as a stairway.

If you're going up you want to have measures on which to rest your feet, if a measure provides way, you're likely to fall down below.

Look at a line chart for this notion in mind ( obviously turn it upside down if you're going downstairs)

[magolas]

90023
I second this, I've been reading domino's articles but I'm still not quite certain how he's trading Hello lolpie,

I will try post a chart to help further clarify, when I've finished trading.

I'm just awaiting a disadvantage assault on Eur/Usd

Regards.

.

[balzalegim]

90023
Hello lolpie,

I will try post a chart to help further clarify, when I have finished trading.

I'm just awaiting a drawback attack on Eur/Usd

Regards.

BabeFX. Yeah im ready for it to...

[Bllsll30]

90023I believe when Domino is referring to highs and lows he's talking about
highs and lows in the closing price or possibly the ordinary price (which I
do not believe I can access).

Can anyone help me clarify this please?

[Bllsll30]

90023
yeah im ready for this to... Guys,

Are we looking for a break of the latest 15M low, accompanied by a failed diminished high followed by a continuation through the new low prior to entering?

Would that low function as 1.3515 low (based on closing price) or the 1.3510 low (according to a single wick with 1 greater low each side) or the 1.3504 low (according to a proper fractal with two greater earners every side)??

Just trying to determine how you define a low with regard to this method.

Due

[balzalegim]

90023
Guys,

Are we looking for a break of the latest 15M low, accompanied by a collapsed lower high followed by a continuation during the new low before entering?

Could that low be the 1.3515 low (based on final price) or the 1.3510 low (based on a single wick with 1 greater low either side) or the 1.3504 low (based on a suitable fractal with 2 greater lows each side)??

Only trying to figure out how you specify a low with regard to this particular method.

Thanks RZ7G - swapped
brief break low /collapsed large / break reduced for continuation.
Scatter is a little order to monitor price
https://www.nigeriaforextrading.com/attachments/15194984211827829481.png

[magolas]

90023
yeah im ready for this to...
Hi Folks,

This is my opinion of how the market laid out its booth yesterday for us to exchange profitably today.






Regards,


.
https://www.nigeriaforextrading.com/attachments/15194984231097534136.png

[balzalegim]

90023
Hi People,

That is my opinion of how the market laid out its booth yesterday for us to exchange profitably today.






Regards,


BabeFX. Word thats a great chart right on using all the clusters.

[balzalegim]

90023 see some hooks are most likely good to shoot
https://www.nigeriaforextrading.com/attachments/15194984251902301171.png

[balzalegim]

Positions that were 90023short closed looks like we could be building furthur buyside orderflow.

[oxmengo88]

900232 Structure (s) Hello Domino and thread fellows!

I've prepared a chart à la BabeFX. What do you think of it? Can they make sense and am I overlooking something?
There is some text from the charts, perhaps you (all) can remark!

Thanks a lot



https://www.nigeriaforextrading.com/attachments/1519498427428403613.png

https://www.nigeriaforextrading.com/attachments/1519498429343326205.png

[Bllsll30]

90023
RZ7G - swapped
short break low /neglected high/ break reduced for continuation.
Scatter is a little order to monitor price Thanks for confirming Domino. I think that answers two of my queries.

1. Single fractals are sufficient as break points (1 greater low on every side of the reduced point rather than 2 higher lows on each side).

2. A short entry can be made as soon as the previous long fashion fails (by the last higher low being removed ) as long as a collapsed lower is put in place .

Please correct me if I've read this wrong.

Really love your help.

[Bllsll30]

90023
Hi People,

This is my opinion of how the market laid out its booth yesterday for us to exchange profitably today.

Regards,

BabeFX. That is one fine clear chart BabeFX. Thanks for posting.

[Bllsll30]

90023
Hello Domino and ribbon fellows!

I have prepared a chart à la BabeFX. What do you think about it? Can they make sense and am I overlooking something?
There's some text from the charts, perhaps you (all) can comment them!

Thanks a lot

Flo

https://www.nigeriaforextrading.com/attachments/15194984311142674214.png

https://www.nigeriaforextrading.com/attachments/1519498432763763622.png
On the next chart I would say the place to exit was definitely about the rest of this last higher low before the fall.

On Your first chart you state ultimately stops are triggered.

This begs the question: is the energy of this very long breakout (surge) dependent on the number of swing points (order clusters) placed in on the way down? I.e. following a lengthy fall with loads of retracements, the buy orders that sit on the last lower high (due to stops being gathered and moved as new reduced highs are placed in) should in theory be much greater than if the fall is little or when the fall is large but very rapid with couple of pull backs.

[eps1]

42671gr8 work domino as inputs and your thread have broaden my opinion regarding PA, SL/RL and candlesticks. I am not that good at line charts. Pls In case you may. Do discuss some trades in candlesticks. Btw I am considering myself a newbie thou I have been following up fx for coming 3 yr (part time basis).

[balzalegim]

90023run on 15M exit on 30M proccing
Chances are flow will continue but I have to leave

[Bllsll30]

90023This is fantastic thanks, stuff Domino. Please keep it coming once you have a chance. I can't believe I've been missing the fact of the market all these years.

[balzalegim]

90023
gr8 work as your thread and inputs have broaden my view about PA, SL/RL and candlesticks. I am not that great at line charts. Pls, if you can. Do share some trades in candlesticks. Btw I am considering myself a newbie thou I have been following up fx for coming 3 yr (part time basis). Convinced Ill start doing them in candlesticks

[balzalegim]

90023
This is fantastic things Domino, thanks. Please keep it coming once you have a chance. I can not believe I have been missing the truth of the market all these years. Not much of a truth there is many ways to watch and commerce the market this is merely the way I do it.

[balzalegim]

90023 brief order flow eurusd today price is breaking out lower
orderflow is building and triggering against larger selling clusters
https://www.nigeriaforextrading.com/attachments/15194984741897652982.png

[balzalegim]

900232 Structure (s) large impulse bars imply good resistance in addition they are a good indior of orderflow

1:6 R:We struck slight resistance and I want to not be in the market today. . so im out here
https://www.nigeriaforextrading.com/attachments/15194984762125682863.png
https://www.nigeriaforextrading.com/attachments/1519498479123854494.png

[balzalegim]

90023I think and dont shout at me here but I believe the price action verbage for your entrance here is a slingshot entrance. . Because price drops reverses and become high and the bust of the open and close triggers the order fires lows. . If its spread outside and more than 5 bars that the verbage is passing roll break. .

[balzalegim]

90023 30 M chart emerging order flow.
You guys starting to see what I see?
3H chart
https://www.nigeriaforextrading.com/attachments/15194984811253459501.png
https://www.nigeriaforextrading.com/attachments/1519498484199210048.png

[balzalegim]

90023 15M chart

the OF is?
https://www.nigeriaforextrading.com/attachments/1519498487914499524.png

[balzalegim]

90023 building the OF
6 bars to counter 1 selloff bar?
https://www.nigeriaforextrading.com/attachments/1519498489148623090.png

[Camlllmuge92]

90023Thanks Domino. Heads up on all the good info.


Interpreting selloffs (stops), and buyins, around congregated S/R lines

along with the traditional'Bounces and Breakouts' is an interesting

Idea. Difficult to wrap yourself around it I must admit.


Any books to recommend to extend this concept?

Best Regards, AF

[balzalegim]

90023
Thanks Domino. Heads up on all of the info.


Interpreting selloffs (stops), and buyins, around congregated S/R lines

along with the traditional'Bounces and Breakouts' is an interesting

concept. Difficult to wrap yourself around it I must admit.


Any books to recommend to extend this idea?

Best Regards, AF generally to learn that this you needa pay to learn it. . Not books that ive seen goes over it and ive read alot of trading publications. People have been doing this since the 30's its not new not discussed much or you are able to learn it by reading a lot on market microstructure and see price for 3-4 decades

for market microstructure identification go into the CBOT website.

[balzalegim]

90023Today has been brought you by a RZ5E

[balzalegim]

90023 orderflow altering and priming buyside. . So I guess well be done till london or elsewhere.
https://www.nigeriaforextrading.com/attachments/15194984921574103900.png

[Bllsll30]

90023Thanks for the lesson Domino. I think it's starting to sink .

Hope you do not mind a couple of queries please....

Q1.

Do large players shield fractals / order clusters to maintain order flow in their favour?

I had been watching EU today and had plotted each of the anticipated order clusters from D1 down to M5. Price had fallen greatly, taking out almost all of the nearby order clusters on down the road. It then bounced off the 1.3450 and began heading back up (to feed on the clusters which had grown about the ride down I believed ). When price failed to carry out the 15M high it moved for a bit and in the process created what I believed would be a nice set of buy order clusters just above the current activity. Now, now we had a nice closely grouped set of buy orders just above and not many sell orders below which were much further away (due to the last downward sweep).

I totally anticipated price to soak up the bandwidth which was most accessible (just preceding current price) and was rather amazed when instead price turned and dropped quite a distance to get to the orders below.

Perhaps you have some idea why price behaved like this? I believed the market is trained to take what it could easily reach. I realize that order flow was down at this stage and tripping a few of those stops would have required swimming against the tide but those orders were just a few pips off. Could large money have been shielding these levels?

Q2.

If we are within an uptrend and 4 greater lows have been put in, my perception is the last low will have the most orders supporting it due to the tracking of stops supporting the new lows as price rises. The breaking of the most recent low should result in the surge. Is that right? Will the breaking of the lows have much effect at all since surely the orders which were supporting them were moved since price continued to grow?


Thanks. I truly love this material.

[Bllsll30]

90023
30 M chart emerging order flow.
You guys starting to see exactly what I see?
3H chart Not sure if I'm visiting the right thing Domino. I see a fall on the 30M chart with no pull backs. . .meaning no buy side order flow build up. This will function as a barrier to a potential retrace since there are not any order clusters to gas a return up.

I see an inside bar that might have orders above it does this count?

[Semgio.asensio]

90023just Locate a cluter of orders that will push on price

[Bllsll30]

90023
15M chart

the OF is? The order flow remains down. In the event the high 3 bars back is taken out the order flow becomes impartial and we may depart the trade.

If price was to:

split the last 15M lower high
pull back to produce a higher low
continue to split the new high

Only then would order flow would be reversed to the upside.

Is my perception correct Domino?

[Bllsll30]

90023
building the OF
6 bars to counter 1 selloff bar? Not sure what you're looking for under Domino. Is this shaping up for one of these death roster breaks?

[eslelila210392]

952941 Structure (s) Hello Domino,

Really good info, I'm learning a lot...
Just had a quick question... I have been following the transactions you were making last week on EUR/USD, and I demonstration traded what I feel the price action was (based on your own teachings so far)...

So
price broke out of a 3C(?) Resistance - buy, sl at preceding low
price made a greater high but failed lower-low - buy at rest of high, move sl to preceding low
Price made higher high but failed lower-low - buy at rest of high, move sl to preceding low
Price made higher high but failed lower-low - buy at rest of high, move sl to preceding low
Price made higher high and failed lower-low
Price made lower high then lower low
Price made lower high but then collapsed lower-low - buy at rest of top, sl at preceding low (Last pair of red and green traces ) *** not sure about this commerce

Now because I had been in this trade I presumed order flow was upward. I therefore did not take your last trade (sell after 6F break) as my SLs set up for current orders had not been hit...

Please correct me when I've entered any of the above mentioned trades erroneously. I am not certain about the previous pair of green and crimson lines - should I've waited to enter at the 1.3499 high's rest or was it right to go here? (blue line)

Thanks, your help is greatly appreciated!
https://www.nigeriaforextrading.com/attachments/15194985261764610998.png

[Bllsll30]

90023
Resistance zone 6F crack on 1hour.

Order flow Idea watching resistance zone with 6 touches switched from support to resistance first contact with 6-7 order clusters under brief break. Thank you for the great information Domino, I've learned a lot.

Is my understanding right please? ....

Each time price returned bounced off that 6F S/R line, a new cluster of stop orders was set below the line to safeguard the new longs. When this S/R line was breached the stop orders were tripped along with also a downward thrust that was decent was created.

Currently at this time, those order clusters that had built up have now been executed and the only orders left will be the new stops placed above the S/R line from the new shorts. I guess there will be and wish to shut out if price becomes back near the break line.

If that is true then if we are reseting the count on the S/R line to reflect the fact that the previous clusters have now been taken out from the downward movement? In this way the title of the S/R line reveals the current active orders .


Sorry if I've misunderstood you.

Thanks!

[Bllsll30]

90023
Hi Domino,

Really very good info, I am learning a lot...
Only had a quick question... I have been following the trades you had been creating last week on EUR/USD, also that I demonstration traded what I feel the price action was (based in your teachings so far)...

So
price broke from a 3C(?) Resistance - buy, sl at preceding low
price made a higher high but failed lower-low - buy at rest of high, move sl to preceding low
Price made higher but failed lower-low - buy at rest of high, move sl to preceding low
Price made higher high but failed lower-low - buy...
Thanks for posting this Sinn. I think that it could really help my understanding once we know the answers.

[clamalesly]

90023 Nice thread domino!

Price action is merely price trading.

The significance of price action in the general term includes candlesticks, chart patterns, and technical analysis. Everything that doesn't involve a trading decision to be made by indiors is categorized as price action. So everything is excellent price action, every SR trader is trading price action. This is the general significance of PA

within my view, what I am seeing this is much more price analysis trading. What matters is the order flow and where price is at this moment.

Every chart pattern, candlestick or pub pattern isn't there any longer in case you switch time period. Is price itself.

We use charts to help us know where the waves are, the way to follow price according to our favorite timeframe. Select. The one where your eyes show you something.

I had been taught to select the pair you enjoy the best, and learn it inside out. Know the nuances of that pair on that timeframe.

I exchange very similar to you but I do so on GBPJPY 30 mins. Also I try to input prior to the breakout and allow 5 pips gap for this particular pair because I learnt by trial and error this one is much better off having a bit of room to do it's own thing. If I were to exchange GBPUSD I would put 1 pip because it is more accurate and shows more respect. I love to take the first and second pushes only (I really permit a third push if it comes between 5 to 7 UK period because of the rise in volatility just before the start ) and pass all following entries, I ride them up to the market will allow. So I get paid for my own attempt I shield my funds. Though it mean 1pip.

I believe this picture requires no explaining on my part
https://www.nigeriaforextrading.com/attachments/1519498529597370374.png

[gaynacasal]

90023
Order flow Thought watching resistance zone using 6 bits switched from service to resistance first touch using 6-7 order clusters under brief break. Bonjour Domino,

I hope that you enjoyed your weekend?

Okay, now it will make sense perfectly with my trading design utilizing ONLY price action at S/R because IMO, LOCATION is FAR more important that this breakout pattern itself!!

What I enjoy very much is your way of pyramiding by ONLY after the orders flow aka fashion, but how else can you count 6-7 order clusters below this EURUSD short order?

Thank you for your attention,

Ange l

[Bllsll30]

90023Hi Domino,

I find you recommend taking an entrance within an S/R line breaks (rather than waiting for a near above/below). I am wondering if the same goes for exits?

The line chart based on final prices reveals the potential for some great runs. When you switch back to candles you notice that a wick will cross a portion of your stop lines and take you out.

Could you please confirm if your exits demand a close across the quit line please?

[Camlllmuge92]

90023Hi domino,

How would you trade in a really choppy such type of market?


Order flow can look fairly compressed (visually) in these markets

since the price bounces up and down. Very'piled', with some S/R degrees

stillbeing hit, but using a lot of up and down chop in-between.


This happens alot from the markets. Post #62 is a perfect example of this.

[balzalegim]

90023
Hello Domino,

Really good info, I'm learning a lot...
Only had a quick question... I've been following the trades you were making last week on EUR/USD, and I demonstration traded what I think that the price action was (based in your own teachings so far)...

So
price broke out of a 3C(?) Resistance - buy, sl at preceding low
price made a greater high but failed lower-low - buy at rest of high, move sl to preceding low
Price made high but failed lower-low - buy at rest of high, move sl to preceding low
Price made high high but failed lower-low - buy... well I would would have spilled on the unsuccessful low failed with low break retrace right before your last pair of lines. . Because that ended the buy order flow.

[balzalegim]

90023
Thank you for the excellent information Domino, I've learned a lot.

Is my perception right please? ....

Each time price returned and bounced off that 6F S/R lineup, a new bunch of stop orders was set beneath the line to protect the new longs. When this S/R lineup was breached the stop orders were tripped and a downward thrust that was decent was produced.

Now at this time, all those order clusters which had built up have now been implemented and the sole orders left will be the new stops placed over the S/R lineup from the new shorts. I guess that there... guys are working to move to quick on me well the clusters which are buit up are on the road into the SR zone. . They can be seen by you audience will form beneath the surge as the price comes down your tripping the stop orders under that area. As approaching the zone, because it only happens, no need to reset a count.

[balzalegim]

90023
Nice thread !

Price action is merely price trading.

That the meaning of price action at the general term includes candlesticks, chart patterns, and specialized analysis. Everything that does not involve a trading decision to be made by indiors is classified as price action. So everything is good price action, every SR trader is trading price action. This is the general meaning of PA

within my personal view, what I am seeing this is more price analysis trading. What matters is just the order flow and at which price is now instant.... No explaination needed beautiful

[balzalegim]

90023
Bonjour Domino,

I trust that you enjoyed your weekend?

Okay, now it will make sense absolutely with my trading design using ONLY price action at S/R since IMO, LOCATION is FAR more important that this breakout pattern itself!!

What I enjoy very much is the way of pyramiding by ONLY following the orders flow aka fashion, but how else can you rely 6-7 order clusters below this EURUSD brief order?

Thanks for your attention,

Ange l my weekend was busy! Lol great. . The eur/usd short order begin from the floor and observe the surges as price runs to the resistance. . For each and every surge there's a cluster below it easing up as price increases. . The majority order will be off the very first and the dimensions and clustering will reduce as price falls. . Count the lows thats where the orders are.

[balzalegim]

90023
Hi Domino,

I find that you recommend taking an entry as an S/R line breaks (rather than waiting for a near above/below). I'm wondering if the same goes for exits?

The line chart based on final prices reveals the potential for some fantastic runs. When you switch back to candles you see that more often than not a wick will cross a portion of your stop lines and take you out early.

Could you please confirm if your exits require a close across the end line please? If you look at the amount of all of the highs and lows yes you'll be correct. . Pubs lows out and to whip out drops out and dont shut enjoy the line chart types. . Today we are looking for places where that won't be a problem. . See the commerce I showed the urge from the order cluster creates a massive impulse pub which acts as resistance and inhibits the movement. . We'll get to this stuff tho. . Best tho would be to connect the breakout candles and wave if price lows are low join the high and as price breaks line in the wont have this issue. But we will get to this material right now is merely a primer not a complete system

[balzalegim]

90023
Hi,

How would you trade in a really choppy such type of market?


Order flow can look fairly compressed (visually) in such markets

as the price bounces up and down. Very'stacked', with a few S/R levels

stillbeing hit, but using a lot of up and down in-between.


This happens alot in the markets. Post #62 is the ideal example of this. We only trade what is happening if there is major choppy ranging going on and hard sR it doesnt bother us much. . Only trade what price is performing and youll be fine.

[Bllsll30]

90023
if you look at the sum of all of the highs and lows yes you'll be correct. . Pubs lows out and to whip out highs and dont shut enjoy the line chart types. . We are searching for areas. . See the trade I revealed the impulse from the order bunch makes a impulse bar which functions as resistance and inhibits the opposite motion. . We'll get to the stuff tho. . Finest tho would be to join with the breakout candles and tide when the price lows are low join the high into the lows and as price breaks out large draw line... Thank you to your help Domino. Hope that you can keep the lessons moving. . .great details!

[balzalegim]

90023 RZ4F orders at break low

notice how the order flow is shifting. . Notice how in the start of the buy breakout. . Its sell candles vrs giant buy candles. . And today the waves have shrunk the breakouts are compressed and order flow is building up below.
https://www.nigeriaforextrading.com/attachments/1519498531342898478.png

[balzalegim]

90023 Reading the orderflow
gap market triggering orders multi up candles not close in sync with upper frames and construction brief orderflow.

Price break low market triggered should generate failed high and fracture low to set up changed orderflow.
https://www.nigeriaforextrading.com/attachments/15194985331069941410.png

[balzalegim]

90023 Price broke low established order flow change triggered order prevent was moved price must not break high to last
https://www.nigeriaforextrading.com/attachments/15194985361812033331.png

[balzalegim]

90023 Price is breaking lower on major upperframe enforcing changed orderflow on greater frame. . Shed stop nearing BE. . Failed new low and high breaks must continue for price to continue.
In 1:4 R:R

large orderclusters hit

price will need to close make new failed high and break low to keep
https://www.nigeriaforextrading.com/attachments/1519498538671284330.png
https://www.nigeriaforextrading.com/attachments/1519498541247828014.png

[balzalegim]

900231 Structure (s) Impulse bars create excellent deciding factors for frame specific orderflow. . why? The impulse bar reveals overwhelming orderflow in an area that typically locks in movements... as price will last to retrace up the impulse pub more orders will start to stack from all the shorter frame traders stacking stops previous tendency riders abandoning positions. . And new sell order triggers piling at the bottom. . Plus all the orderflow clusters under it behave as an attractor for price.

If price decides to continue to break and selloff our new orders will be placed at this reduced as well to assist price selloff and keep trend

envision you at which buyside trader on this and also you where long and watched this wicked bar..how do you feel. . ??? Cause finally that emotion is what will drive the market.
https://www.nigeriaforextrading.com/attachments/1519498543791369214.png

[balzalegim]

900231 Structure (s) notice how price stops and test right before the next bunch. . .is that this buysiders becoming curious at sR or price building orderflow or market manipulation? Well its probably a combination of all three.

To get orderflow traders viewing that is quite ordinary price drop hard retrace quick but small hump on reduced frames building order flow and a retrigger.
https://www.nigeriaforextrading.com/attachments/15194985461594898495.png

[gaynacasal]

96522Domino,

Seeing your reply:


1) Failed reduced high is a wave definition of price not being able to trade above the last high I shall join a chart in a bit. All these yellow lines have been neglected lower highs. . Because the fail to exchange or split the past high
===gt; it is okay for that


two ) take the rest as it happens as price breaks all the orders have been triggered if you do not want to have in after orderclusters start to activate because the motion can be quite quickly and you will get a bad average trade you might also draw these by hand and attach them to extremes on wicks if you desire. . But perhaps what your concerned about is accepting a commerce at which the fracture doesnt stick. . And close as a fracture. . But price must create a top then break for your trade completely switch direction which isnt a thing that is little worries and to happen.
===gt; I should take the rest as it happens, I suggest no need to wait the price close.


3) I do not understand this question but I shall speculate exactly what you mean is where do you put your entrance limit order if your shooting the finish of the breakout bar? Well it is worse if you take the breakout bar because your getting in after the order fires are triggered youll receive a lousy price and certainly will suffer a bigger risk you wanna take the break limit is at the rest you align with the order fires to help price move. Stop is at the high also to help price movement.
===gt; Perfect, I have to put my entrance trigger 1 pip spread above/below the close price or high/low using a line chart rather than at the bar breakout, is that correct?


Last issue for placing my stop loss: For example with a buy order, should I put my stop loss at LOW of the previous wave less 1 pip less spread?


Thanks a lot,

[balzalegim]

90023
Domino,

Regarding your answer:


1) Failed reduced high is a wave definition of price being unable to trade above the last high I will join a chart in a little. All these yellow lines have been failed highs. . Since the fail to trade or break the last high
===gt; it's okay for that


two ) [I]take the break as it happens as price breaks all of the orders are triggered if you do not need to have in after orderclusters start to trigger because the motion can be very fast and you will find a bad average trade you can also draw them by... yes


Last issue for placing my stop loss: For instance with a buy order, should I place my stop loss at LOW of this last wave less 1 pip less disperse?


Thanks a lot,


yeah

[balzalegim]

96522we are speaking about true orderflow in a different thread also not mine but in an attempt to not sort more im gonna article this about fundamental market microstructure
https://www.nigeriaforextrading.com/trading-discussion/82-esignal-cqg-vttrader.html

and another about institutional order books
https://www.nigeriaforextrading.com/trading-discussion/79-good-position-trade-system.html

price discovery and market orders and limit order flow.
https://www.nigeriaforextrading.com/trading-discussion/77-building-good-foundation-lessons-mister-bill-linda-bradford-raschke.html

[balzalegim]

96522btw please dont go out and start buying or selling every split because we havent covered enough to comprehend that the imbalance places this can work in progress. .

[gaynacasal]

96522
Domino quoted: btw please dont go out and start buying or selling every break because we havent covered enough to understand that the large imbalance areas nevertheless this can work in progress. . It's correct that we are only at the first phase of our trip....but before doing my assignments during the weekend by studying all the material you have been giving us kindly, allow me to ask you some further questions:


1) Did you avoid to trade through big news release because of the price spike?
2) How many currency pairs do you follow at precisely the exact same time, just majors?
3) Can you advice me to ONLY start trading 4 hour line chart rather than 1 hour?
4) As a breakout method, do you utilize STOP LIMIT order to your entrance orders?
5) Regarding a safe place sizing ratio, does a 0.5% risk for each trade make sense for you personally?


Okay now, I cease to bother you

Merci beaucoup,

Cheers

[balzalegim]

96522
It is a fact that we are just at the first stage of our trip....but before doing my homework throughout the weekend by studying all of the material you've been giving us kindly, let me ask you a few more questions:


1) Did you stop to trade during big news release because of the price spike? News its best to know exactly what news is coming out most is BS and you never know how it's going to be taken but you will no when the spread widens and the order flow varies. . So unless its news that is very important. . Continue to trade the flow it will let you know.


2) How many currency pairs do you trace at precisely the same time, simply majors? I run a trading firm. . We do not train for money and we do not accept external capital I've 4 traders that work with me personally. . I dont like to state for me personally cause they can just leave and create there own money lol. . But we trade everything out of treasury bonds to commodities to spot FX. We yell things out to observe but its hard to say at any 1 time what we are viewing and speak to each.

3) Do you advice me to ONLY begin trading 4 hour line chart rather than 1 hour? Id counsel trading something that fits with your patience level. . As well as the spread and price on the thing your own trading. . Id stay with a frame cause of price eur/usd you can move down. . Generally see a time frame to discover a shift in the flow and exit. Like enter on a 3hour exit on the fail of the 1hour

4) As a breakout system, do you utilize STOP LIMIT order for your entry orders? not actually depends if ive had time to set up limit sometimes ill be late and observe it as its own breaking and scramble to place in an order. . And that I hate that... with a fire if you can do your pre-market analysis and then conduct limit established transactions.

5) Seeing a secure position sizing ratio, does a 0.5% risk for each transaction make sense for you personally? Honestly its exactly what your familiar with and it will vary on how much your trading when you've 5M dollars does risking 50K appear okay? Nicely it will affect your psych, if 50k looks large and you shouldnt do it. . And thats 1 percent. . In case you have a 100dollar accoutn does one 1$ reduction feel big? Well it should lol but no. . You will be more comfortable but hold down the risk on the entrance you risk will vary as possible the flow. . Because you're buying or selling as it continues to move. . Ive amped up 20:1 before purchasing breakouts that kept breaking out. . And had one trade up ove 50% of account. But it is going to depend on your psych and that I will advise what that'll be.


Okay now, I stop to disturb you

Merci beaucoup,

Cheers


edit: lol tu parle le francias?
Bienvenue
lol not great at the spelling. . Im bad at spelling in japanese into lol

o-a-no-shi-to-wa the planet won't ever know how thats really spell. . Possibly the world although not me

[gaynacasal]

96522Bonjour Domino,


edit: lol tu parle le francias?
Bienvenue https://www.nigeriaforextrading.com/attachments/15195288791962450466.png
lol not good in the spelling.... Hey, it isn't bad at all but if I may....it would be better: c'est à mourir de rire, tu parles/parles-tu le Français?



o-a-no-shi-to-wa the planet will never understand how thats actually spell. . Well maybe the world but not me Not good whatsoever in the spelling in Western also lol

Due

[yocapa]

96522Do we really need still another ribbon on S/R? How can you simplify it, its pretty easy to understand.

[gaynacasal]

96522Domino,

Back to trading now,


Breakout is the very first wave pattern, would you trade other wave patterns like Pullback formation?
I mean: we enter long in a 50% retrace of a leg that has broken the previous waves high and we enter short in a 50% retrace of a leg that has broken the previous waves .



btw please dont go out and start buying or selling each fracture because we havent covered enough to understand that the massive imbalance areas yet this can work in progress. . By imbalance locations, do you imply congestion/consolidation clusters or accumulation/distribution zones?


Merci beaucoup,

finest regards

Angel

[balzalegim]

96522
Domino,

Back to trading today,


Breakout is the very first wave pattern, would you trade other wave patterns like Pullback formation?
I mean: we enter long in a 50% retrace of a leg which has broken the prior waves and we enter short in a 50% retrace of a leg which has broken the prior waves low. Well breakout traders and orderflow traders are much in the exact same one just doesnt understand precisely why I figure.

Sure that you can youll just have to be certain its in a SR zone watch the orderbook and await the rest.


By imbalance places, do you imply congestion/consolidation clusters or accumulation/distribution zones?
Merci beaucoup,

best regards

Angel areas of imbalance is where the markets supply and demand forces are shing. For example in a sell off the primary orderflow is short..so if price is retracing and creating many candles versus a few you are unfamiliar with the imbalance because it retraces up and pushes against major sR folks understand it will go short they seem at what might classify as order flow going back into the path at this region. . And they align there orders there those pockets of audience will be more dense than the breakouts in the retracement. . All these are areas of imbalance not all of breakout places carry high imbalance and are unworthy to trade unless your possibly a scalper with a spread but then I think that the prices are to large. But these places where enormous orders are building up will probably be triggered and will run price into new tiny pockets of clusters because price was hoping to retrace. .

[ge]

96522i am agree with domino up to now .he is a real worth of this trading comunity.thanks to him.well done domino
however he said j16 isn't price action thats where I am not agree with him.
I am not a j16 enthusiast.
i have my own methood of trading.and i am successfull.
I will call j16 methood is a price action trading.eventhough I do take full opposite side of trading out of j16 .but there apporoch of trading market is price action methood.they just dont exchange the candle stick.they exchange with service resistant and another factor as well.and I know they trade increased time frames.
Diffrent men and women use diffrent type of agy using price.may be that they will consist of indior may be not.but as long as they understand what current price is telling them what's heppening and most propbably will heppen next that is price action trading for me.it doesn't gurantee it will happen next.we just guess and commerce them.if future orders comes in our direction it will heppen if not it will go other way.

I am a scalper. I do trade swing commerce. I trade futures and nasdaq stock. I trade Foreign Exchange .
My own understanding of price action.

Order flow generates price action
price action is blue print of order flow.orders flow moves the market.
It could be fundamental or technical reason.
Price would not move unless orderflow comes in the market.

With all the help resistant,what's the curent market plogy or what the price is telling u and trade acoordingly with this action. That is price action trading.
Or easily explain what you feel at the moment or what you are watching through to the chart and you exchange them that is price action trading. (what market is telling u)

candle rod,bar,renko,helkinashi or line chart they are only grapic of past motion.
They're only grapic that they are not price action trading.
But they represent the past data.
They does produces some patterns and they replicate those patterns. We are trader we trades those patterns because we belive it will triumph again.we allso belive sometimes it will fail also but overall we belive we will triumph thats why we exchange those patterns.

There's certain way to play those patterns.you must have to know when to play when not to play.thats if methood comes.

This really is real trading talk.i read a person didnot like this sort of stuff.all the best to those who doesnot enjoy this sort of believe and I am sure they have to go long way before the achievement.

Give a huge thank to domino what he said up to now.
Suppy demand order flow price action that is what actual trading is all about.learn those men this can shorten ur learning curve.

Hey domino
if any one belive or not but I belive u r trader.let them find their holly grail

that was my 2cent
most of the best guys
sho

[gaynacasal]

90023
I am agree with domino up to now .he is really a value of this trading comunity.thanks into him.well performed dominohttps://www.nigeriaforextrading.com/attachments/15195288802101972451.png Bonsoir trade price,

I feel much better to notice that I'm not alone trading a real live FX account, thank god!

A really large thank to domino for what he said and please, keep up your really good job!!

Merci de ton focus,

Happy weekend all

Angel

[lunae7]

96522as far as the trap pub thing I referred was that the m5 chart on post #74 at which the lowest stage was a pin pub triggering buys.

Interestingly enough the pin bar im refering to really did indicate a fantastic buy that was subsequently rejected by support (now acting as resistance) indicating to eliminate the trade and also resell (that's ofourse if you finished your sell to make the buy, alternativly you could have just held the longer duration sell and caught the small buy up).

[paolafemnango]

96522
That's absolutely false. So that you're saying in order to succeed in trading, we don't find high probability trades?

[lunae7]

96522high probability searhing is a backseat to Appropriate MM

[lunae7]

96522
btw please dont go out and start buying or selling every break because we havent covered enough to understand that the massive imbalance places yet this can work in progress. . An we explore this more in your next pair of charts?

[balzalegim]

96522
as far as the entire pin bar thing I was refering also was that the m5 chart on post #74 at which the lowest stage was a pin pub triggering buys.

Interestingly enough the pin bar im refering to really did indicate a fantastic buy that was then rejected by service (currently acting as resistance) indicating to lose the trade and resell (that is ofourse in the event that you finished your sell to make the buy, alternativly you could have held the longer term sell and caught the small buy up). I see what you mean but the pin forms against the orderflow and since we are trading the orderflow we dont stop and undo stop and reverse. . We simply browse the order flow and assist the flow when we realize order flow is triggering and help it. Stack our orders together with the flow. . The distinction between investing in the pin bar and trading the orderflow is we are trading the rules of this market the market microstructure. .

[balzalegim]

96522
So you're saying in order to be successful in gambling, we do not find high probability trades? Well I dont think well that this has a higher probability of doing X. . I just realize it exchange it and is currently doing X.

[balzalegim]

96522
an we explore this more on your next set of charts? Yeah Ill attempt to

[balzalegim]

96522 Resistance zone 6F break on 1hour.

Order flow Thought watching resistance zone with 6 touches switched from service to resistance touch with 6-7 order clusters below brief rest.
https://www.nigeriaforextrading.com/attachments/1519528881583191192.png
https://www.nigeriaforextrading.com/attachments/151952888329443523.png

[balzalegim]

96522
Bonjour Domino,

Very very intriguing....but in order to simplified things and as a chart illustration is by far better than words, how can you provide us a truly line chart illustration with entry/stoploss/trailinstop levels. If you go through because page two weve been after the same trade and adjusting construction into and adding stops. Every break on such way down in an entry hold and new entry. . And we have adjusted stop above the collapsed by 1pip disperse.

If you don't mind as well....

Thanks for your carefull focus,

Happy trading all,

Cheers

Angel
I will do somemore in the future as well but probably in a new thread begin fresh.

[balzalegim]

90023 here is how we ceased out of this commerce. .
Price is breaking greater over failed lows order flow piled above highs has triggered and price can move higher we wait and exit.

EDIT: ALSO I really do want others to know I do not feel that J16 design trading doesnt work. . I feel that its not direct pure price action.
https://www.nigeriaforextrading.com/attachments/1519528932119515040.png

[Zequibaz]

90023I think I follow you....

When you refer to the S/R as 1A etc.. The letters are basically only a grade we provide to the S/R line's significance? I suppose this would only come in experience? I know there are a number of S/R lines that are obviously significant and will have major orders lined them up. . .such as EURUSD simply breaking through 1.3450, then subsequently taking out options at 1.3400 and again at 1.3300. Is that what you're referring to?

I suppose in a nutshell. . .we plot S/R lines on the chart. . .pick out the ones that likely have a lot of orders stacked them up. . .then enter a transaction on a breach of one of those regions. Correct?

Geez...I have access to L2 (order books) with my broker...I should probably learn how to use it.

[balzalegim]

90023 so today we are searching to line ourselves up with the orderflow look at this film
its awful I understand...

but understand that as traders begin making profit it will induce price up detect that the 2 arrows below. . This is where orders will begin to pile to induce price new entries are piling up massively at reduced and at again in the next degree to power that the price fall to the level below. . Uptop you will find no to mild orders in the order flow there isn't any immediate amounts to break with orders to power price movement and create imbalance so price will have to construct an order base to protect the upmovement with breaks of their lows triggering larger movement than motion upward.
https://www.nigeriaforextrading.com/attachments/15195289341841232118.png

[gaynacasal]

90023Domino,

Many THANKS for your fast reply, it's very kind of you!!!

Joyful and enjoyable trading all

Cheers

Angel

[balzalegim]

90023 break brief and then broke brief again. .
Cease above large

We're at Support zone 4A
https://www.nigeriaforextrading.com/attachments/1519528936352993900.png

[balzalegim]

90023
I think I follow you....

When you refer to this S/R as 1A etc.. The letters are basically only a grade we give to the S/R line's significance? I assume this would only come from experience? I am aware there are some S/R lines that are obviously more important and will have major orders lined them up. . .such as EURUSD just breaking 1.3450, then afterward taking out options at 1.3400 and again at 1.3300. Is that what you are referring to? We dont tier the SR just realize it is SR..and realize which type of sr it is. . Support zone 3C is service 3rd contact 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 bits with 4-5 order clusters beneath it

I guess in short. . .we plot S/R lines on the chart. . .pick out the ones have a lot of orders stacked them up. . .then enter a trade on a breach of one. Correct? Draw many lines and something will be bound to honor. . Its jsut to know whats round you and take something that as soon as the clusters activate.

Geez...I've access to L2 (order books) with my broker...I should probably learn how to use it. Heh yes sir. . Possessing a real order book is wonderful

[balzalegim]

90023
Domino,

Many THANKS for your fast reply, it is very kind of you!!!

Happy and enjoyable trading all

Cheers

Angel yourwelcome imma post some more on the fly commerce as they occur not past stuff.

[balzalegim]

90023 where is your stop?
At the high!!! Men that are gheeze now everybody knows lol. .
https://www.nigeriaforextrading.com/attachments/15195289381686911615.png

[balzalegim]

96522 price is ongoing to split and SZ4A is now RZ5H orders are piling at the highs as failing new highs appear and new market orders are triggered and piled lows.
Isnt it odd how someone can put stops out there and entrances and they actually work for once? . . Price action.

Price has to fali high and break reduced to trigger more market orders and building triggers in order flow and adjust stop

1:2 R:R right now
https://www.nigeriaforextrading.com/attachments/15195289401890392721.png

[balzalegim]

900231 Structure (s) have a gander at the way. . Candles consider the way the bars are effected with these zones of clustered orders and how they build.
https://www.nigeriaforextrading.com/attachments/1519528942318944158.png

[balzalegim]

965221 Structure (s) today examine the much shorter framework and look at the pubs that crush into the order clusters

we're currently building clusters of orders under those candles. . Triggers and stops tracking stops and all kinds of nonsense to defend the flow of price right now.

Look at the order cluster above the failed fracture that was in that giant yellow block drew earlier... there was nothing there to power that break....

Do retail traders think expert's go oh there is a trap pub at SR.. Or do you think expert's state lets evaluate the order flow / order clustering and price action. . Which way will trigger with the power. . Where will these orders require us. . Will it create a chain reaction into new areas or order clustering? Or will the move be lived. .
https://www.nigeriaforextrading.com/attachments/1519528944886950328.png

[balzalegim]

96522stopping out. . This isn't to say experts won't get stopped out. . I have stopped its lifetime out. . But its ive loss that is minimized or usually close to BE. . A stop is never moved by you back just forward. . And never accumulate orders . . We proceed with price or we dont move at all. We say ok price you are currently breaking low let me help you break low and activate orders. . Let me help the avalanche not try and stop it. . And never feel bad about stopping out. . And whenever your construction into a transaction its simple to take profit at 30% profits in your account especially when you risked just.5% but dont take action. Its best to be taken out with a shift in the market rather than fearful you will be able to place out profits. That breaks or makes . . Hey I wanna take profit at 100pips especially since I was up 15% or so forth. . But I was helpped price and that I was rewarded with an additional 12 percent on help price stay with price dont abandon it.

And dont stress if your selling and down one candle is followed by 12 up candles and cant escape the range of the candle. . Simply because price is moving up against you doesnt mean that your against the order flow

there's an old investment axiom operation is a byproduct of an investments length in market

[balzalegim]

96522 ridiculous traders the order flow is brief.

Can anyone tell me where they stacked there orders?
https://www.nigeriaforextrading.com/attachments/1519528946727120292.png

[balzalegim]

96522 stop out in profit if ur trading the hourly at 1:1.5 RR maybe not a great exchange but profitable.

Im trading the three hour tide so hopefully we keep going.
https://www.nigeriaforextrading.com/attachments/1519528948760924735.png

[lunae7]

96522
ridiculous traders that the order flow is brief.

Can anybody tell me where they piled there orders? Looks like they have some orders placed to buy after the pinbar

[balzalegim]

96522
looks like they got some orders set to buy after the pinbar now im not sure what pin bar you are refering to think there is a star on the daily. . And nothing below that unless u are talking about the yellow horizontal line... but what I see is a reverse at the order flow in the yellowish area in which you refer back is a stop outside about the one hour like I said when it occurred. Then it looks like basic need increased likely with just take profits and started to build buy sided order flow..to poor I was AFK to ch it so is life.

Anyways the yellowish area the order flow changed on the smaller TF lead into the construction and triggering of older orders driving price up nothing more nothing less. . Powered by profit taking. .

Id like to find out what you mean by this pin bar tho

this is reference of orderflow calling the inverse and short stopout
https://www.nigeriaforextrading.com/trading-system-and-egies/97-harmonic-wave-journal.html
https://www.nigeriaforextrading.com/attachments/1519528953823631252.png

[balzalegim]

96522
seems like they got some orders placed to buy after the pinbar ya understand what I see what you mean. . This short off the pinbar gotcha

but today lemme ask you was it that the pin pub that triggered the selling... like it looks on the bar chart. . Or
was it that the split and crush of the low that brought and led to the order clusters to trigger causing more selling?

Mention back to this post a bit https://www.nigeriaforextrading.com/trading-discussion/84-euro-1-15-a.html
and tell me if its not equally. . Smaller ordercluster selling on time frames and price action causing the pub. . Then a break in those orders causing a cascade into bigger order clusters under. . In the event the fundamental market microstruture permits the broker to correct price to trigger bulk orders that hefty cubes act as attractors for brokers than this would be the situation right?
https://www.nigeriaforextrading.com/attachments/15195289581903839567.png
https://www.nigeriaforextrading.com/attachments/1519528960547418788.png

[gaynacasal]

96522Bonjour Domino,

Sorry with my dumb questions but:

1) What do you exactly mean by failed reduced high?

2) Regarding a breakout using MT4 line chart, if we wait that price close to spend the breakout?

3) Where do I put my entrance level whenever there's more than 10/20 pips between my close price along with the high/low of the current bar?

Thank you for your attention,

Cheers

Angel

[balzalegim]

96522
Bonjour Domino,

Sorry together with my dumb questions but:

1) What do you exactly mean by failed reduced high? There aren't any dumb questions. . Failed high is a wave definition of price being unable to trade over the last high I could attach a chart in a bit. All these lines have been failed lower highs. . Since the fail to trade or break the last high

2) Regarding a breakout using MT4 line chart, if we wait that price close to take the breakout? Afford the break as it occurs since price breaks all the orders have been triggered if you don't want to have in after orderclusters begin to activate because the motion can be very quickly and you will find a bad average transaction you can also draw them by hand and also attach them to extremes on wicks if you want. . But maybe what your concerned about is currently accepting a commerce. . And shut as a break. . But price has to create a top then break for the transaction totally switch direction which isnt a small thing so no worries and to occur.

3) Where do I place my entrance level whenever there is more than 10/20 pips involving my close price along with the high/low of the current pub? I do not understand this question but I will speculate exactly what you mean is where do you place your entrance limit order if your shooting the finish of the breakout pub? Well it's worse if you take the breakout pub as your getting in following the order clusters are triggered youll receive a lousy price and certainly will endure a larger risk you wan na na select the break limitation is in the break you align with the order clusters to assist price move. Stop is in the high to assist price movement.

Thank you for your attention,

Cheers

Angel https://www.nigeriaforextrading.com/attachments/15195289621495760952.png

[kmeslyna]

96522 You understand, you've just shown how little you know about PA with your case of this failed PB.

It is not a bar many people who have researched at J16 would shoot and moreover, Jim does teach people to make quite great decision of in which a PB or OB is likely to stall or undo.
Of course this case is after the fact but it's indeed quiet accurate.

There's certainly more info at a trap pub than the line chart, if you understand how to pull it.

PPZ are price points, they are not floor pivots but regions of price moves.
https://www.nigeriaforextrading.com/attachments/1519528998735138638.png

[balzalegim]

90023
You know, you have just shown how little you know about PA with your example of that failed PB. Lol whatever I simply picked the PB that occured in the PPZ but sure caliber it for me tell me it was just a C commerce... and nobody in there right mind would have accepted it.

It's isn't a pub many people who have researched in J16 would take and furthermore, Jim does teach people to make pretty good decision of where a PB or OB is likely to stall or undo.
Of course this example is after the fact but it's indeed quiet accurate. See your statement here is where's is likely to stall or reverse. . Doesnt sound. . .which makes it fairly subjective... If I wanted to trade a Grade a pinbar with a huge number of rules completely subjectively and be informed after the fact it was just a B grade trap pub and wasnt worth the trade but nobody can tell the difference cause its all subjective... Ill trade candlesticks with you guys... but I enjoy hard cut things. . Price is breaking out price will break out before... detect the definative sentences.... No subjectivity here... this is price action. . Price action strips subjectivity. . It's what price is doing...

There's certainly more info at a trap pub than the line chart, if you know how to extract it.

PPZ are price points, they are not floor pivots but regions of price moves.
Sure give me a round sentence. . Oh mystical one. . Ive been doing so float someplace around 7years now shortly.... in may. . Ive seen it come through forums lets start with this one...
you cannot see price action as you can not see the forest through all the trees
when you learn how to see the chart with over simply you eyes youll see exactly what the truth in price would be.
When water flows down and is blocked by a rock in a river it flows around it... you must flow with the water or price.
Yeah ive heard em all
there is information at a PB if u know how to read it.-lol k thanx

PPZ - and once more you can rub lipstick and put a dress on PIG but in then end of the day its only a fancy pig.

[balzalegim]

90023 price must break the new failed here in order to show exit and activate the stop orders and new impending long orders in the order flow.

24 hours, 200 pips, and 1:10 risk:reward later price will have to break this large to lock in our profit. . We have pyramided in and truth of the matter is we are currently returning close to 1:20 R:R here if we get stopped out here. .
https://www.nigeriaforextrading.com/attachments/15195289992025816050.png

[Halsu]

90023Guys closed up and do this debate via PM.

[balzalegim]

90023
Men shut up and do this debate via PM, thanks. Lol actually there's good advice in arguing. . Argue to win, when people argue remarks and their thought are revealed two points and quicker. . So the details from both sides have been displayed quickly and efficiently. . And the others defects are pointed out.

[cammexxago]

90023http://www.investopedia.com/terms/p/price-action.asp

.

[balzalegim]

90023
http://www.investopedia.com/terms/p/price-action.asp

. That article includes a 2 out of 5 star rating as rated by users of investopedia why connect it

I wouldnt use investopedia unless I had been seeking to define something like contango.

[balzalegim]

90023 well price continued to split rather than breaking highs weve triggered more lower orders and we're moving lower.

Cease is corrected to accumulate with the orderflow

wow 24 hours of only relentless selling. .
https://www.nigeriaforextrading.com/attachments/15195290011099572271.png

[paolafemnango]

90023domino: the candlesticks are a byproduct of price action not price action itself. .

This statement is untrue.

In each individual candle on any time period, an individual can clearly observe the actions of buyers and sellers in the market.

You can also observe many other essential things such as if Supply has surpassed demand or vice versa. In which case the direction of a prospective price movement becomes highly probable.

In case this isn't pure price action, then I don't know what's.

In a simple line chart, what isn't seen is the open/close high/low for each candle. In my view the most important information to define how the supply require story of price action is currently acting out in front of your eyes.

[balzalegim]

90023 Price is busting out low and tripping lower orders.
Stops accumulating at high together with new causes.
Continuing to market. .
https://www.nigeriaforextrading.com/attachments/1519529003944044830.png

[balzalegim]

90023
: the candlesticks are a by product of price action not price action itself. .

This statement is false.

In each single candle on any time period, an individual can clearly observe the activities of buyers and sellers in the market. Ok place a chart and clearly observe it for me... ive done it . . Then well discuss this. .

You can also observe many other important things such as whether Supply has surpassed demand or vice versa. In which case the direction of a prospective price movement becomes highly probable. Detect you verbage price was exceeded demand. . Not price is exceeding demand I can not exchange the last. . In terms of a highly probable future. . I don't own a crystal ball and I can't tell you exactly what price will do... just what it is doing... I can not inform you that it will continue doing it just that it is continuing to do it... Ive not yet seen anybody put a% amount on an extremely probable installment and quantify it. . Sure its all good utilize is more likely but I will guarantee you that you don't have any clue it is. . As it is in relation to something else...

you state this PB is high probability as in reference to what? Another probability one? Well ive seen low probability out perform high probability and high probability neglect just as much and I will tell you that you cant determine anything else later on just what Is currently happening.



If this isn't pure price action, then I do not know what is. Look at the images. and explainations. . Price is performing something. . What is it performing transaction it. Price is at service price is breaking out higher. . Price is making higher prices and higher highs. . Price is currently continuing to breakout. . Price is making higher prices and higher highs. . And understand what is currently happening in the order flow. . Stops triggers and are piling below. . Activates are piling higher and older stops are triggering... that is price action that is the CORE of market movement.

At a very simple line chart, what isn't seen is your open/close high/low for each candle. In my opinion the information to specify the way the supply require story of price action is acting out in front of your eyes. Well I could invent some fancy names and hard to comprehend formulas and pricing algorythms. . But it wouldnt help anything... because price does not care about your formulas or your past supply and need... it does not stick to your PB's along with your trading rules. . Price is due to pure individual emotion..you cant wrap that into any formula for rules or trading. . You see chilly hard emotion that is human. . panic . . greed. . capitulation. . euphoria. . In line charts and thats all you want.

[balzalegim]

90023 continuing to selloff orderflow is spreading the orders outside
we continue to sell
https://www.nigeriaforextrading.com/attachments/1519529005312426637.png

[viloxnice]

90023Long ago my teacher said: there is a genius what is simple is genius and what is simple. Candlesticks is a massive science and the best way to add it into simple price actions
when it works ok without it. I visit Domino isn't using trend lines. Even better.

When I looked at H1 line chart, it reflects closed prices and contains deviation e.g 20 pips comparing to pub height. On M30 the swing appeared higher, on M15.
Domino, how many pips split H1 makes you think now is the time to put trade?
Wonder why the author of the thread is gone, on his start that he looked really knowledgeable and anticipated high professionals to engage.

[balzalegim]

90023
Long ago my teacher stated: a genius is what is easy and what is easy is genius. Candlesticks is a massive science and why to add it into easy price actions
if it works ok with no. I see fad lines are not being used even by Domino. Better yet. Yeah the only create the price action confusing.

Once I looked at H1 line chart, it reflects closed prices and has deviation e.g 20 pips comparing to bar height. On M30 the swing looked higher, on M15.
Domino, the number of pips break on H1 makes you think now is the time to put trade? One pip disperse.

Wonder why the author of the thread is goneon his start he looked very knowledgeable and expected high professionals to take part. Well we can start a new one. Talking order flow and pure PA

[Zequibaz]

90023 This is very good stuff domino. . .if you start a new thread be certain that you link us !

I currently trade renko price bars (candles made by price movement only, no time ) using just S/R and MA with no indis. . .but my style is S/R trading, not price action trading. I've been trying to learn more about PA trading like I know a lot of experts trade this way, including a number that I frequent. My grasp is basic at the moment. . .though it seems simple enough.

Marketpips coated among queries regarding what would constitute a rest. As I am not used to line charts (or timeframes for that matter) I had been wondering. . .do you wait around for a close of this line above/below the to call it a rest?

Also regarding entries. . .we enter on breaks of the?

I attached a picture with an example of the body of a transaction as I know it. . .please make corrections when I have something wrong. I didn't type it at the chart, but I suppose we would add on each new break, ie at #2?

Many thanks for all the input everybody!

Jack
https://www.nigeriaforextrading.com/attachments/1519529007205539366.png

[paolafemnango]

90023[quote=domino;3581277]

You mentioned:

detect you verbage price was exceeded demand. . Not price is surpassing requirement I can't trade the last only the current. .

Please do not misquote what I said.
I will state again supply has exceeded demand.

Can you really know what Offer and demand are at almost any market?
It is the sole reason the market moves.
Anyone trader worth a pinch of salt understands this.

You also stated

Ive not yet seen anyone put a% amount on a highly probable installment and quantify it. . Sure its good use the words likely makes it seems like something is likely but I will guarantee you that you don't have any idea it is. . As it is in relation to something else...

Let me guarantee you that any professional trader will say high probability trades are what we attempt to always profit in the market. Attempting to do this will result in significant losses.

You also said

you state this PB is high probability as with regard to what? Another probability one? Well ive perform high probability and odds fail just as much and I will tell you you cant determine anything in the future only what Is currently happening.

Another misquote - I made no reference to any pinbar within my post.

Additionally,

I completely agree with's earlier comment:

you have just shown how little you know about PA with your case of this failed PB.

I suggest you read every post more carefully rather than misquote additional members on this forum.

I also suggest you run off and find out about supply and demand, and that means that you may properly comprehend why price in any market is transferred onto it and it is alone.

If you need a good reference for it, allow me to know and I will gladly post one for you.

[gaynacasal]

90023Bonjour Domino,

Very very intriguing....but in order to simplified items and as a chart example is by far better than words, could you give us a really line chart example with entry/stoploss/trailinstop levels.

If you don't mind as well....

Thank you for your carefull focus,

Happy trading all,

Cheers

Angel

[alexjangemclangem]

90023

Let me assure you that any professional trader will say high probability transactions are that which we attempt to always profit in the market. Attempting to do this will always result in significant losses. That's absolutely untrue.

[balzalegim]

90023
That is excellent stuff. . .if you begin a new thread make sure that you join us up here!

I currently trade renko price bars (candles formed by price motion only( no timeframe) using only S/R and MA free of indis. . .but my design is S/R trading, not price action trading. I have been attempting to find out more about PA trading as I know a lot of pros trade this way, including a number of guys that article on another site I frequent. My grasp is basic at the moment. . .though it seems simple enough. I adore 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.

Marketpips covered among questions regarding what would constitute a rest. As I'm not accustomed to line charts (or timeframes for that matter) I was wondering. . .do you wait around to get a close of the line above/below the to call it a rest? Well when price breaks generally we are getting in just as or right as the building orders at highs lows are triggered causing the breakout and run and market imbalance. . This is the order flow in real trading shops we search for regions of imbalance...

here's the way we mock up the transactions... Price is at service zone 1A what this identifies is the agory of the service and resistance...
This allows us know a few things. .
We identify it pre-market all of SR zones inside the days trading area range or months range... therefore we understand that if price is at service zone 1A... its at a service zone lol. . 1 simply means its first encounter there if as service or resistance and A describes the order flow. . A simply means that inside the area of the supports first touch there is only 1 place where the orders are stacked closely to trigger an embalance... so if we search for transactions where are studying the market mechanism for working. . Rather than trading the market per se we are trading a principle established market because that's what it's... so if we see a service zone 2C we understand the embalance is going to be high and we take the rest about the fly and dont wait for the bar to close. . Than there is in its own opening only the motion has meaning there is not any more significance in the bar closure. So we would like to take this break with the order flow with embalance meaning well trigger lots of orders and price will run and shape impulse bars or moves from congestion Market Profile calls it or moves from the middle. Hope that answers it if maybe ill try again lol.

Also regarding entrances. . .we input fractures of the prior high/low? Yes

I attached a picture with an instance of the anatomy of a trade as I understand it. . .please make corrections if I have something wrong. Also, I didn't type it at the chart, but I suppose we would also add to our place on every new break?

Many thanks for all the input everyone!

Jack nicely we add at everybreak because we wish to assist the market. . Help the market proceed. Imagine a rushing herd of tle. . Do you want function as man standing infront of them attempting to flip them around or the man behind them telling them to keep going... I believe you chart looks great I cant view it in this edit mode tho ON #3 yes def move stop and #4 proceed prevent

[balzalegim]

90023
[QUOTE=;]
You mentioned:

see you verbage price was exceeded demand. . Not price is currently surpassing requirement I can't trade the past. .

Please don't misquote what I mentioned.
I will say again supply has exceeded demand. Ok fine im sorry to have misquoted you. . Thus you're saying at this instant supply. . Or price is rising but if requirement is exceeding supply than price motion as a byproduct of increasing demand as well as decreasing distribution ends in embalance and price rises...
have I never mentioned order flow reading of demand and supply side equilibrium motion. And have I never mentioned why each transaction moves and why price pushes it will. . Notice how I state piling orders are in... that will induce price. . Which will rebalance and new orders will pile and price will drive... Yes I understand what demand and supply is but rather than being guruish and just giving an offer and demand moves this answer which means nothing to anybody. . Why is being stated by me. .
[QUOTE= ;]You also said

Ive not seen anybody set a% number... yet you still fail to tell me what your high probability is compared to? Everything in life is relative. . I can guarantee you that what you're refering to is called subjective probability analysis and can also guarantee you statistical decision theory doesn't drive the market but and rule based order flow orderbook version does simply because this is how our market actually functions.

You also said

you state this PB is high probability as with regard to what? Another minimal probability one? Well ive perform high probability and probability fail just as much and I will tell you that you cant determine anything later on just what Is currently happening.

Another misquote - that I made no reference to some pinbar in my article. It was an example im sorry to have made it look like you trade pin bars.

Additionally,

I completely concur with's earlier comment:

you have just revealed how little you know about PA with your case of that failed PB.

I suggest you read each post more carefully rather than misquote other members on this forum.
I also advise you to run off and find out about demand and supply, and that means you can properly understand why price in any market is moved onto it and it is alone.

Should you need a fantastic reference for this, allow me to know and I'll gladly post one for you. Im really just gont dismiss this as I believe ive demonstrated my point enough.

[kmeslyna]

90023
J16 is not price action. . its candlestick trading.

Have you ever been a member of J16?

What you are doing is NOT price action it is simply SR..

Price action IS candlestick patterns this type of IB, OB, PB, etc..

[xllsse]

90023S/R and price action is the best way to go!!

[Halsu]

90023
Perhaps you have been a part of J16?

What you're doing is NOT price action it is simply SR..

Price action IS candlestick patterns this type of IB, OB, PB, etc.. Semantics...

[balzalegim]

90023
Perhaps you have been a part of J16?

What you are doing is NOT price action it is simply SR..

Price action IS candlestick patterns this type of IB, OB, PB, etc.. NO. SR is only support and resistance... notice how I state

at support or at resistance price breaks out... that is a combination or price action. . At support and resistance not support and resistance .

Candlestick patterns are created from price action patterns but are not price action in themselves because they are sometimes produced by price movement that is not a correct formation for this stick. . If most of PB's(pin bars) where generated as a part of a price action pattern I suppose u could contemplate them price action but they are not some are produced randomly... The matter of what's price action has caused those who've asked what it is? Rather than have had it replied to refer to something that functions as price action when it is not... Not saying the J16 doesnt work people have been doing what he does for a long time but it is not price action.

[balzalegim]

90023 this really is price action

Price has broken reduced price must not break the failing lower highs to last new trend
price has broken new low price must not break the failing lower highs to keep new trend
. . .etc

Price has broken new failing reduced and has taken us out of this trade since orders are building in the lower highs
https://www.nigeriaforextrading.com/attachments/15195290331078051158.png

[balzalegim]

90023 price broke high triggered stop orders where accumulating at highs
sellers entered the market and new selling orders where triggered in the low and orders begine to accumulate at high.

As price continues to split we continue to input as we take each trigger as price shows strength or weakness.

MM is built into price action because risk is restricted and we restrain it... but correcting stops when in profit and never adjusting stops more into loss... we pursue price adding and accruing new orders as price trends. . This functions like an anti-grid almost. . Where people are amassing losses we accumulate into profit.
https://www.nigeriaforextrading.com/attachments/1519529035337668374.png

[balzalegim]

90023the honest answer about timeframes... that works on all time frames can scalp price action until the cows come home... I say trade higher time frames because it give u

1. More time to respond and prepare and see price action
2. The costs associated with the time frames fall trade higher time frames. .
3. Longer to edit your orders and adjust them when they need to be adjusted.

I dont have quick hands and I am a slow thinker. . I also see that price does not go and that I cover to much of a disperse to trade quicker frames. . So I dont trade them...

I do not believe in the arguement that lower time frames are noise just are not right for me.

[viloxnice]

90023I agree with Domino because he uses price actions using line chart.
Sometimes I'm disappointed when folks discuss price actions
and use MA's, e.g. Stochastic for help - this isn't price action.

I believe that candlesticks are sort of price actions believed on smaller time frames plus would call them'price setups' and it is a massive science that has to be discussed separately.

Price actions is when you use only a chart in different time frames and examine it with SRs and stations and trendlines. That is all. Angles may be used by you too.
Only let us not contaninate the mathematics about price actions.

The final thing that I used before, was Volume indior but now I would rather
work just with charts.

[balzalegim]

90023 currently lets know why PB's work look at this chart it is the same as the chart above.

Notice how the areas that orders pile up in the price action setups are at the break of the open of their PB look at the red line that has been the stop out

you can not find the future of price at which it is going or where it's going to be. . You can not trade where it has been. . You can just find out what's currently occurring.

Orders amassing at the pinbars high stop for individuals trading with trend.

Youll also notice the orders amassing on next bar of all of the stops and activates piling up on other time frames to power bigger motions. Notice that is not at the pb low but in the long run is raised.

Now when the snare is in the ideal place at the ideal support in the ideal direction those stops are also accumulated with new order activates along with the inclusion and accumulation of all of the orders make for stronger moves. . With new highs within activating space we know that the trigger of the orders will push price to a new place that has a high chance of triggering new orders.
https://www.nigeriaforextrading.com/attachments/15195290371805356894.png

[Kalman]

90023
. .J16 isn't price action. . its candlestick trading. The Right appliion of Japanese Candlestick patterns INVOLVES an Comprehension of the price action Before and or within the Japanese Candlestick occurs.

Most traders that fail using Japanese Candlesticks, fail because they do not concentrate on price action and rather believe it is just about pattern recognition.

Simply, your statement infers that Japanese Candlesticks and Price Action are mutually exclusive, they however are not. This is despite the fact that learning sources for Japanese Candlestick analysis teach it .


here this is price action

the waves actually make price action

not the simple fact a pin bars high gets taken out...

Price action trading flows in this way

Price reaches Support...
Price made a failed new low and provides the potential to reverse...
Price has broken out...
Price shouldn't take the low out for the alteration to hold...
Price makes the following unsuccessful new low along with a trend is forming off support...
This new low shouldn't be taken out for trend to hold...
. .repeat until off of resistance is taken out.

Risk Reward is market defined and is... There is more than 1 way to skin a....

I view price action just trading (no indiors) otherwise. Have a look at the chart below. This is a good example of a Bearish Engulfing pattern (not the generic patterns found in books or most online sites). From this particular pattern to life is an understanding of exactly what caused it. That's to say, the price action surrounding it.

I like quantity. Although seemingly one be a commerce and scalper VSA or can not trade from one timeframe, I use some of it in viewing price action. :

A. Broad Spread up candle on increased and climatic quantity. Markets do not like high volume on up candles. Be aware that we closed off the top of the candle. IF all the volume related to the candle has been buying, and then the candle shouldn't shut of the high.

B. The following candle is up. This does not imply, however, there wasn't hidden selling in the preceding candle. Also, note that in this candle we shut off the high. We shut in the reduced 1/3 of the range of the candle. The long upper shadow shows provide (selling) entering the market. This is an upward Thrust.

C. Bearish Engulfing dark candle. Whilst the quantity is less than the preceding two candles, it's nevertheless bearish. A B C all together create the bearish engulfing pattern. A alone is an candle line. As are B and C, but together they change from independent candle lines (intervals) to a legitimate candle pattern.

D. Another candle with quantity less than the preceding two candles. But let's think about the circumstance. We have seen provide enter on two up candles (near greater than the previous candle's shut ) and now we see an up candle using DECREASING volume. The Smart Money isn't interested in prices at this time. In VSA parlance, this isn't any Demand.

VSAers can't take this trade because they need to check at 6 different timeframes and talk about background from 3 days ago. As a true price/volume activity trader that incorporates Japanese Candlestick Patterns into the mix, the point is set.

I feel this is how price action flows...

[balzalegim]

90023
The correct appliion of Japanese Candlestick patterns INVOLVES an comprehension of the price action before and or inside the Western Candlestick occurs. I will agree with this. . Because u seperated price action from the candlestick anything in conjunction with SR and Price action is enhanced.

Most traders who neglect using Japanese Candlesticks, fail because they do not focus on price action and rather think it's only about pattern recognition. Agreed

Just, your statement infers that Western Candlesticks and Price Action are mutually exclusive, they are not. This is in spite of the fact that learning sources for Western Candlestick analysis teach it . No it doesn't. . I am seperating them. . Japanese candlesticks aren't price action just like how u seperated them above. . Needing price action surrounding them to comprehend them.


There is more than one way to skin a....

I view price action only trading (no indiors) otherwise. Have a look at the chart below. This is a good example of a Bearish Engulfing pattern (not the generic patterns found in publications or many internet sites). From this pattern to life is an understanding of exactly what caused it. That is to say, the price action surrounding it. Ailing agree


I enjoy quantity. Although one can not trade off of one timeframe or be a scalper and commerce VSA, I use some of it at seeing price action. :

A. Wide Spread up candle on climatic and increased quantity. Markets do not enjoy high volume on up candles. Be aware that we closed off this candle's high. IF the volume has been buying, then the candle shouldn't close of the large. I do enjoy trying to know the quantity assisted market profile. But is beyond this thread and would require the next to be discused.

B. The following candle is upward. This doesn't mean, however, there was not hidden selling in the preceding candle. Note that in this candle we close off the large. We close in the lower 1/3 of the range of the candle. The long upper shadow reveals supply (selling) entering the market. This is an Thrust.

C. Bearish Engulfing dark candle. Whilst the quantity is less than the preceding two candles, it is nevertheless bearish. Create the bearish engulfing pattern. A alone is only a candle...
quantity in spot is not usable since it is splotchy in the best. In realizing Nonetheless, it is best utilized. We're taking a look at cold hard PA at SR.. I can agree with you that quantity assisted market profile has its merrit but maybe not so much in spot markets... but since you mentioned yourself Candlesticks aren't PA and understanding that the PA about candlesticks it what makes it function.

[Kalman]

90023You misunderstand. Price Action and Japanse Candlesticks are not separate.

You're able to take the miopic see a candle pattern, like a hammer. But inwhich the hammer has been price action.

Also no mention Market Profile was created by me. Volume is not market profile.

[balzalegim]

90023
You misunderstand. Price Action and Japanse Candlesticks are not separate.

You can take the miopic view a candle pattern, like a hammer. But those who trade hammers will fail since they don't examine the context inwhich the hammer was price action.

Also no mention Market Profile was made by me. Volume isn't market profile. Okay how can I misunderstand you. . You state. . Candlesticks and price action are not seperate... you then state people who exchange hammers wil fail since the don't examine the context where its formed aka the price action

so your saying you can exchange hammers but you will fail unless u consider the price action surrounding the hammer. .

You're saying that. . There is a hammer... but that hammer doesn't mean trade I must look at something else. . That something else would be the price action

consequently hammer and price action are seperate.

Since you must look at each. . You're saying the hammer can be traded by you as long as the price action confirms the hammer. And not exchange it if it doesn't. .

So lets add some thing else. . Since hammer is candle rod and outside bar and inside bar are also candlesticks. . Then we could exchange them and state

if the inside bar isn't confirmed by the price action then we don't exchange
if the outside bar isn't confirmed by the price action then we don't exchange
if the pinbar isn't confirmed by the price action then we don't trade.

Hence and bar can shape and as anybar which creates is a candlestick and bar that creates as long as price action confirms it is thus a buy signal and not price action since the price action is the circumstance or senario surrounding the bar...

am I close. ? ... thus price action and candlesticks are seperate... and candlesticks need confirmation from price action to be adequate... not saying they cant be trading together only candlesticks are not price action.

That leads us into the question of what is the price action surrounding the candlestick. .

[balzalegim]

90023 price has busted out stops and new long triggers are piling up against unsuccessful lower high....
We price our stop at this area and move to breakeven
we also sell the new break and adjust.
That is price action.
https://www.nigeriaforextrading.com/attachments/15195290391710606057.png

[viloxnice]

90023
we also sell the new break and adjust.
. Can you explain why you sell?
What if break will seem to be busted. ?

[lunae7]

90023im in the midst of trying to learn all this candle rod jackos thread, and j16. Iv always been more interested in line charts so im very interested. Please continue teaching!

[balzalegim]

90023 price is ongoing to split thus Im still holding the transaction. . no ifs or maybes. . I am selling since price action brokeout lows.

Here is effect of trade over...

Risk:benefit will be 1:5 right now....

But price action will inform me when to exit and that's not now
https://www.nigeriaforextrading.com/attachments/15195290401696286841.png

[kmeslyna]

90023
price is ongoing to split thus Im still holding the transaction. . no ifs or maybes. . I am selling because price action brokeout lows.

This is effect of trade over...

Risk:benefit is 1:5 right now....

But price action will inform me when to depart and that is not currently So what you're saying here is that, PA will say when to either add to the trade or close it. What's that PA going to be? Another service region and price breaking through it retracing, telling us that the former service region has become resistance to price breaking ?

If it's, then that is certainly not price action, it's merely a PPZ region.


PB and other real PA work because they are multipurpose period, a PB on H4 could be a head and shoulders pattern on H1 and other patters on additional TF.

This gets the attention of people, and that is why they work.

[balzalegim]

900231 Structure (s)
So what you are saying here is that, PA will say when to either add to this trade or shut it. Thats the idea. . If you're able to whip out your crystal ball and tell me precisely where price will turn be my guest... cause I sure dont know anyone who can.

What is that PA likely to be? Another support region and price breaking through it, then retracing, telling us that the support area has become resistance to price breaking above it?

If it's, then that's surely not price action, it's just a PPZ region. I don't believe you recognize the concept... your candlesticks are a by product of price action not price action itself. . Now im unsure about your PPZ zone im men gave aid and resistance a fancy title. . And all I must say about that is you can set a dress and lipstick on a pig but at the conclusion of a day its still just one fancy appearing pig....

Your SR is not just holding or breaking here we are waiting for price to achieve a SR zone. . Or your fancy dress and lipstick wearing PPZ... then reveal its hands... we don't place targets because we don't anticipate the future to be predictable. . Thus there is no need. We are simply skewing a distribution... and so boundless yield with limited loss produces favorable profits.

Your debate just another sR area breaking... no its not. . Its price reaching SR and watching the price action or the duration waves price will show you what it's currently doing not exactly what it can do down the street.


PB and other actual PA work as they are multi time period, a PB on H4 might be a head and shoulders pattern on H1 and other patters on other TF.

This gets the attention of people, and that's the reason why they work.
Really no your wrong. PB and other actual PA that you state works due to the construction of this Order flow on the chart. . Stacking and concentration of orders forces moves.
So I figure you coulda gone long when we went short due to this PB. . Not read the order flow and be stopped out...

however 1000$ dollars on a PF later. . Youll simply tell me grade pinbar which is subjective and has no way of being quantified.

And if you cant find the failed PB in the apparent short order flow I put a large yellow arrow there for you.
https://www.nigeriaforextrading.com/attachments/1519529042356573319.png

[balzalegim]

90023
Can you explain why you sell?
Imagine if break will seem to get busted. ? I sell because price is breaking lower...
. . If price appears to be busted. .
Im assuming price seems postponed... I wait. . It take me out and break and will wave a top.

Anyways I feel like Ive completely hijacked this thread... so ill stop for just a little.

[Salcok]

The intention of this thread would be to simplify support and resistance style trading so a trader can quickly scan the market and make educated decsisons with out letting biases enter into the equation.

In case you don't understand SR trading proceed to BRV's No Brainer thread. This is a superb place to find out about SR.. In that thread is well worth reading, everything Steve has composed. He's among those few at FF who's a genuine professional.

Everyone is welcome here to discuss pure price action. I don't need any charts which are unreadable. We need to discuss pure price action. No indiors on the chart. Fibs, MA's, pivots and trendlines is it. However I would like if even that would be omitted because it can distract from price action.

Again everybody is welcome here to discuss pure price action.

Below are some charts of Fridays price action.
https://www.nigeriaforextrading.com/attachments/1519029816698444464.png
https://www.nigeriaforextrading.com/attachments/15190298171977591987.png
https://www.nigeriaforextrading.com/attachments/1519029819399100544.png
https://www.nigeriaforextrading.com/attachments/1519029820577646343.png
https://www.nigeriaforextrading.com/attachments/151902982173279816.png
https://www.nigeriaforextrading.com/attachments/15190298231087154334.png