Fozzy Chat Room 7 replies
DislikedWhat criteria you look at when you short at 1, flytox?
Do you look at other time frame?
Do you look at currency correlation?Ignored
DislikedHi Gristar,
I do never enter a reversal trade just cos it hit a zone. I check in this following order and often before a level is hit:
1:Is the zone history hit not more than twice(not consumed)
2: Is there not any stacked zone above/below (magnet effect).
3: Is correlated are reaching the same demand/supply zone, do they have not any stacked zones.
4: Is there any previous high/low rejected in the near history inside the zone, how far it is, if none how far is the upper/lower level of the zone.
This will be my hard stop level and it...Ignored
DislikedHi Gristar,
I do never enter a reversal trade just cos it hit a zone. I check in this following order and often before a level is hit:
1:Is the zone history hit not more than twice(not consumed)
2: Is there not any stacked zone above/below (magnet effect).
3: Is correlated are reaching the same demand/supply zone, do they have not any stacked zones.
4: Is there any previous high/low rejected in the near history inside the zone, how far it is, if none how far is the upper/lower level of the zone.
This will be my hard stop level and it must...Ignored
DislikedHi Gristar,
I do never enter a reversal trade just cos it hit a zone. I check in this following order and often before a level is hit:
1:Is the zone history hit not more than twice(not consumed)
2: Is there not any stacked zone above/below (magnet effect).
3: Is correlated are reaching the same demand/supply zone, do they have not any stacked zones.
4: Is there any previous high/low rejected in the near history inside the zone, how far it is, if none how far is the upper/lower level of the zone.
This will be my hard stop level and it must...Ignored
Dislikedoh my god i still cant believe in red's style and kenny's stile talk! come on people open up ur heads, they have the same base in trading, style is different therefore YOU CANNOT BE RED OR KENNY.
YOU ARE YOURSELF
stop trying to be red or kenny, its just nuts. u are ur own trader, not him. or her or the dog or the banana, just be urself.Ignored
DislikedI think it's not about trying to be someone else it's more about what can I learn from these guys that fits my style.Ignored
DislikedI think it's not about trying to be someone else it's more about what can I learn from these guys that fits my style.Ignored
DislikedHey McFly, you're right, It's a very good thing we have such good traders and such Forum .
All this boys had shown me the way to trade and i thanks them for the bottom of my heart.
You know,i'm an idiot, i learn nothing by myself, all i know in trading had been learn me by others, i say all. I learn nothing by myself .
Now i can see on a chart things an things that before i could only wath but i couldn't not see in fact. I was watched bars and candle but in fact i was like a blind man.
Don't give up my friend, it's a long road, S/D...Ignored
DislikedYes finding s&d zones is not that hard when you study the screenshots long enough which are posted by Red, Ifmayante and the other guys. For me it's way harder to read the market structure. You have to keep an eye on so much things like: HH/HL-LH/LL, momentum, candle patterns, chart patterns, trendlines, fibs...
It's like conducting an orchestra. It needs a lot of practice and I'm trying to work on that.
ps When I read your posts I can see that you are definitely not an idiot.Ignored
DislikedHello everyone,i have some basic questions that tried to post in romancing the price but i am not permitted,so i think its ok to post here since its sunday
1) once a price has made it to the supply or demand aerea,whats the next step of confirmation?i saw Sam's webinars and if i understood it well he would just take a low risk trade just because we got to the S/D aerea.is that the way to go?
2)once we get to a supply for example,what is the green light to take a short since we still dont know if price brakes out of that supply??(or breaksdown...Ignored
DislikedHello everyone,i have some basic questions that tried to post in romancing the price but i am not permitted,so i think its ok to post here since its sunday
1) once a price has made it to the supply or demand aerea,whats the next step of confirmation?i saw Sam's webinars and if i understood it well he would just take a low risk trade just because we got to the S/D aerea.is that the way to go?
2)once we get to a supply for example,what is the green light to take a short since we still dont know if price brakes out of that supply??(or breaksdown...Ignored
Dislikedfirst of all there is no set rules or exact ways to do this- EVERYONE will trade differently you must find what suits YOU!
First of all you must identify your supply zone, i suggest you stick to ones which are obvious, otherwise pass on it.
Now that you have an obvious area of supply you have to wait for price to come to you. If it does come back to your zone, you can just short, but I only do this at really really obvious supply zones, when i have a strong conviction as to what price should do. However I prefer to wait and see what the reaction...Ignored
DislikedSam would probably say that you look at the higher time frame and trade the smaller time frame within that context. So for instance you would identify the major supply or demand zones on the daily or 8hr time frame and then wait for price to reach those zones. You then dial down to say the 30m, 15m, 5m or what ever you comfort level time frame is and identify the supply and demand zones and pull the trigger from those zones.
As an example if price is moving up into a previously identified supply on a daily chart. Switch to smaller time frame,...Ignored
DislikedHere's what I'm talking about. This is from Friday using the GBPUSD as an example. Price is moving up into supply and therefore we should be looking for selling opportunities.Ignored