Supply and demand question

SanMiguel · May 1, 2009, 6:13am

Just wondering about the theory of bounces...what is going on in the market/traders' minds?
1 Sellers get in
2 Rejection off support
3 Who is selling here and why?
4 Bounce off support (classic time to buy)
5 Profit taking from buyers?
6 Some buyers stay in and bounce of recent resistance turned support line.
7 Profit taking buyers close turning into sells.

foredog · May 1, 2009, 6:18am

Funny that, Wasp's just posted a similar thread.

http://www.trade2win.com/boards/firs...hy-though.html

MrMiyagi · May 1, 2009, 6:27am

Just an observation, and sorry not to answer your question directly, but you sound like the type of person that could get a lot from Market Profile / Auction Market Theory.... Look into "Mind over Markets" by Dalton if you haven't already.. I had the same questions and found a great deal of insight in his and Steidlmayers books. Its not a system.

dick_dastardly · May 1, 2009, 7:05am

(1) Trend line violated at third touich, traders traopped inlosing trades, when nprice retutrns latyer on at (2) tradwer gets out at break even and those that got the market directin right earlier want another piece of pie ansd jump back in again so it becimes resistive.

I think the actual high of that reversal at R was pip perfect to the weekly high of two weekd ago.

So0rry i.ve had a sleeping pill and it's just bkicked in, tomorrow dudes

dd

Technically Fundamental · May 1, 2009, 9:28am

What ya think?

Rossini · May 1, 2009, 9:36am

What does it tell you, is the more valuable question....

Technically Fundamental · May 1, 2009, 9:43am

Tells me that more highs are being tested than lows.
That all the people who jumped ship into euro (major players) are trying hard keep their portfolios valued at the current level by offloading positions slowly (into god knows where) which is responsible for the channel.
Tells me there's likely to be another topside move to smash through that narrowing channel to either test highs again or maybe find support which is daft because if cable and this "recovery" the indices is showing continues for the next couple of weeks are anything to go by euro is going to flop because its not needed.

This is all subject to employment figures and interest announcement though so who knows what will happen

Rossini · May 1, 2009, 10:04am

Ok, so then what are you going to do, using that infomation?

May 1, 2009, 6:13am	#1
SanMiguel Guest Member Since Mar 2009 1,136 Posts	Supply and demand question Just wondering about the theory of bounces...what is going on in the market/traders' minds? 1 Sellers get in 2 Rejection off support 3 Who is selling here and why? 4 Bounce off support (classic time to buy) 5 Profit taking from buyers? 6 Some buyers stay in and bounce of recent resistance turned support line. 7 Profit taking buyers close turning into sells.

May 1, 2009, 6:18am	#2
foredog Legendary Member Member Since Oct 2007 1,885 Posts	Re: Supply and demand question Funny that, Wasp's just posted a similar thread. http://www.trade2win.com/boards/firs...hy-though.html __________________ IF IN DOUBT GET THE **** OUT! No need for a course http://www.trade2win.com/boards/gene...tml#post707344 Simple cable system http://simpledibs.blogspot.com/ http://www.trade2win.com/boards/trad...side-bars.html

May 1, 2009, 6:27am	#3
MrMiyagi Senior Member Member Since Aug 2008 178 Posts	Re: Supply and demand question Just an observation, and sorry not to answer your question directly, but you sound like the type of person that could get a lot from Market Profile / Auction Market Theory.... Look into "Mind over Markets" by Dalton if you haven't already.. I had the same questions and found a great deal of insight in his and Steidlmayers books. Its not a system. __________________ "Saddle Silver up Tonto, tonight we're going to Vegas to roll some dice, call me Kemosabe and bring my loaded dice..."

May 1, 2009, 7:05am	#4
dick_dastardly Veteran Member Member Since Jun 2003 849 Posts	Re: Supply and demand question (1) Trend line violated at third touich, traders traopped inlosing trades, when nprice retutrns latyer on at (2) tradwer gets out at break even and those that got the market directin right earlier want another piece of pie ansd jump back in again so it becimes resistive. I think the actual high of that reversal at R was pip perfect to the weekly high of two weekd ago. So0rry i.ve had a sleeping pill and it's just bkicked in, tomorrow dudes dd Attached Thumbnails

May 1, 2009, 9:28am	#5
Technically Fundamental Banned Member Since May 2008 2,831 Posts	Heres how I look at things What ya think? Attached Thumbnails

May 1, 2009, 9:36am	#6
Rossini Veteran Member Member Since May 2008 917 Posts	Re: Supply and demand question What does it tell you, is the more valuable question.... __________________ Do, or do not, there is no such thing as try. __________________ I'm easily pleased with perfection, and if trading is an art, then I'm painting my masterpiece. __________________ If the margin between your goal and failure is too small then any shortfall will inevitably lead to failure. It's far better to aim high because if you don't quite achieve your ambition you may very well be left with something worthwhile. __________________

May 1, 2009, 9:43am	#7
Technically Fundamental Banned Member Since May 2008 2,831 Posts	Re: Supply and demand question Tells me that more highs are being tested than lows. That all the people who jumped ship into euro (major players) are trying hard keep their portfolios valued at the current level by offloading positions slowly (into god knows where) which is responsible for the channel. Tells me there's likely to be another topside move to smash through that narrowing channel to either test highs again or maybe find support which is daft because if cable and this "recovery" the indices is showing continues for the next couple of weeks are anything to go by euro is going to flop because its not needed. This is all subject to employment figures and interest announcement though so who knows what will happen

May 1, 2009, 10:04am	#8
Rossini Veteran Member Member Since May 2008 917 Posts	Re: Supply and demand question Ok, so then what are you going to do, using that infomation? __________________ Do, or do not, there is no such thing as try. __________________ I'm easily pleased with perfection, and if trading is an art, then I'm painting my masterpiece. __________________ If the margin between your goal and failure is too small then any shortfall will inevitably lead to failure. It's far better to aim high because if you don't quite achieve your ambition you may very well be left with something worthwhile. __________________

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