Thread: Price Will Tell - Supply/Demand Price Action Trading

Originally Posted by ;

minor shift of momentum on gold futures. Bullish momentum spikes can bring more expensive prices over 1298.8. 1293-1294 scalp is my current play, given no volatility spikes. 1278.5 75-76 momentum based. 75ish daily ought to be the first goal if this sells off powerful. Action could be seen by 1281s. Not interested for the time being. Have a fantastic start to the week image

took a little while, prices are expensive today over 1298.8, thats why it's selling off a tiny intraday.
Could begin selling but it will take some time htf to reverse the tides. 93-94ish could begin buying. Not interested for the time being.
1289.7ish should observe buyers. Momentum will be key.
1303-.7ish could observe intraday selling, but I am not going to stand in front of this buying.
Longs would be the safer bet.

Have a good weekend

Originally Posted by ;

Hi guys, what is your opinion about eur/usd from daily chart perspective? It runs upwards like crazy but I think that today there could be a trend shift.

At this point I think Daily needs to be considered in the context of this greater TFs, especially MN.

MN for me remains technically down but with all price breaking north of this channel we must consider the possibility of a management change. The questions are, will price continue up or can it retrace and offer a buy opportunity, or can it do something completely different? I don't understand the answers, neither do I visit a trading chance with this TF, but the SD footprint is quite clear to see.



With all the above in mind exactly what I see on Daily is essentially some clear SD/SR with the management clearly, up. What I do not see at this time, however, is proof of a trend shift. Price looks as though it wants to retrace so there's obviously some supply near the top of the flag to facilitate that, however until that supply is analyzed and PA gives me a sign it is selling away, the D1 management for me remains, up*.

* I should point out this does not mean that I will not try sell it on say, M15/M5, however that is a different conversation.

Each of the tails on D but with no upward follow through looks like it is going to absorb the region right below and possible RET to 1.15

Originally Posted by ;

Each of the tails on D but with no longer follow through resembles it will consume the region directly below and possible RET into 1.15 picture

Yea, if a decent lower TF short sets up those D1 levels may be utilized as targets.

Trading Room

Been Considering starting a trading room. Composing charts in public is a great way of regulating a person's own trading however I believe I have now submitted enough for general public consumption. I still wish to share charts but want to do this offline with a small set of committed SD/SR traders.

I have triggered the PM centre so if anybody is interested to help get the team started please let me know (the area will likely start mid-September). If You're interested to join please read and consider all of the following before sending a PM:Although I know you may not be a full-time trader you must contribute your own charts at least one time per trading day If you're struggling on your own trading you're still more than welcome to join as long as you're pro-active and prepared to ask questions and also be accountable for your own learning I am just looking to share charts with people that are trading the fundamentals laid out in this thread If you've not contributed to this thread prior to reading this post please do not create a petition to join the area as it won't be answered Originally, the area will just be an extension of this thread - in other words, somewhere to place charts with some simple description. There'll not be any audio chat centre my side for the foreseeable future. There'll obviously be some real-time text chat but I can not make any commnt to participating at this point there'll only be five associates in the area - four others and myself. On that basis, membership is given on a first-come-first-served foundation The area will be free to combine We will be trading currencies just All communiions in the area will be in English I would like to explore alternatives to Skype. My intention is to get a genuine peer center with no adverts, forced updates, stability issues etc etc.. All suggestions welcome (as long as the Program operates on Mac in Addition to Windows) I believe that is all for today. When I have any more ideas I'll add them afterwards. Cheers

Dang check out how last week shut. Will be interesting to see what happens. UJ

Originally Posted by ;

Trading Room Been considering starting a trading area. Composing charts in public is a great way of regulating one's own trading however I believe I submitted enough for general public consumption. I still want to share charts but want to do this offline with a small set of dedied SD/SR traders. I've triggered the PM centre so if anyone is interested to help get the team started please let me know (the area will likely open mid-September). If you're interested to join please read and consider all the following before sending a PM: Although...

Hello Simon I am on trading hiatus becoz of my full time work will contact trading from mid september after im done with the work which pays the bill. My petition is please do keep posting here if you start a new area. Thank you

AU about the H charts looks as though it wants to make a new high. Hopefully it swings back down

Originally Posted by ;

AU on the H charts looks as though it needs to make a new high. Hopefully it swings down picture

I really don't see the purpose of your post - on the TF you posted it created a new low and it is far away from producing a new high...!?

yeah sorry I must have submitted an hourly chart with it... The green box has been the swing high I had been referring to. I have cancelled the pending order though now. I'd still seem to buy it, just not with a limit entrance at this time