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  • #4,321
  • Jul 19, 2017 6:25am Jul 19, 2017 6:25am
Quoting minosd
EUR CHF short opportunity after price reacts well to the weekly supply zone {image}
hi Minosd,
if I may,if w is up,d1 still up,we can set and forget(short) on lower tf against the d1,w ?
  • #4,322
  • Jul 19, 2017 7:36am Jul 19, 2017 7:36am
Quoting Autokon
{quote} hi Minosd, if I may,if w is up,d1 still up,we can set and forget(short) on lower tf against the d1,w ?
I too think that there are uptrends in D and W. And it seems to me that this weekly SZ is fresh but assosiated. Isn't it? If it is it reduces odds. In my humble opinion. On the other hand, R/R is quite good.
  • #4,323
  • Jul 19, 2017 11:18am Jul 19, 2017 11:18am
Quoting minosd
EUR CHF short opportunity after price reacts well to the weekly supply zone {image}
Hello minosd



There is more supply just above as well. Good eyes sir.

Best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #4,324
  • Jul 19, 2017 11:24am Jul 19, 2017 11:24am
Quoting Autokon
{quote} hi Minosd, if I may,if w is up,d1 still up,we can set and forget(short) on lower tf against the d1,w ?
hello Autokon

if i may, i would like to help clarify something about that term that is often used on S.A.D threads.
I think it has been a little bit misused.

Set and Forget as a term itself simply means placing an order and leaving it there till price returns to the level. It contrasts using stop orders.
That tactic can be used in any timeframe, any sequence, even when doing what is often referred to as a "confirmation trade".

Now, the other use of the term "set and forget" that often gets confused is that which relates to whether or not to take a zone as is or to wait for price to come into the zone, form new levels on smaller timeframes, and then price returns to those levels are then traded. That is the question i think you are asking.

Minosd is taking a confirmation trade using set and forget orders at confirmed levels of supply (a bit of a tongue twister )

I hope that helps, old friend.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #4,325
  • Jul 19, 2017 11:50am Jul 19, 2017 11:50am
Hello everyone

For those trading bitcoin...

a bit of before and after

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: bitcoin before.PNG Size: 80 KB
Attached Image (click to enlarge)
Click to Enlarge Name: bitcoin after.PNG Size: 47 KB
Be careful what you think because your thoughts run your life..Solomon
  • #4,326
  • Jul 19, 2017 12:00pm Jul 19, 2017 12:00pm
Quoting Akt
{quote} hello Autokon if i may, i would like to help clarify something about that term that is often used on S.A.D threads. I think it has been a little bit misused. Set and Forget as a term itself simply means placing an order and leaving it there till price returns to the level. It contrasts using stop orders. That tactic can be used in any timeframe, any sequence, even when doing what is often referred to as a "confirmation trade". Now, the other use of the term "set and forget" that often gets confused is that which relates to whether or not...
Dear Akt
Dear Minosd
Regarding possible Eur/Chf trade:
If put SAF sell order at a bottom of H8 SZ, where to put stop loss? Above H8 SZ distal line? Or above D1 nearest maximum?
  • #4,327
  • Jul 19, 2017 12:03pm Jul 19, 2017 12:03pm
Quoting Yunvic
{quote} Dear Akt Dear Minosd Regarding possible Eur/Chf trade: If put SAF sell order at a bottom of H8 SZ, where to put stop loss? Above H8 SZ distal line? Or above D1 nearest maximum?
Hello Yunvic

Stop losses are always applied based on the time-frame your enter on

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #4,328
  • Jul 19, 2017 5:35pm Jul 19, 2017 5:35pm
Quoting Autokon
{quote} hi Minosd, if I may,if w is up,d1 still up,we can set and forget(short) on lower tf against the d1,w ?
Hello, i am not a specialist, but in my opinion price went down in a strong way and this affirms the strenght of the zone. You could trade this in different ways like set and forget with a good RR. Sell high, buy low.
Br
  • #4,329
  • Jul 19, 2017 5:41pm Jul 19, 2017 5:41pm
Quoting Yunvic
{quote} Dear Akt Dear Minosd Regarding possible Eur/Chf trade: If put SAF sell order at a bottom of H8 SZ, where to put stop loss? Above H8 SZ distal line? Or above D1 nearest maximum?
Dear Yunkic , the high of the zone or a little bit above for security. If you think this affects your RR then place your entry somewhere within the zone a little bit above the bottom line.
Br
Minosd
  • #4,330
  • Jul 19, 2017 5:49pm Jul 19, 2017 5:49pm
Quoting Akt
Hello everyone A trade done overnight into today on EURAUD Out for >3:1. Following the decision matrix. A straightforward set and forget i totally forgot about until it was over half way to target best wishes{image}
Thanks, that was a nice one!
  • #4,331
  • Jul 19, 2017 6:00pm Jul 19, 2017 6:00pm
Quoting Akt
{quote} Hello Gary. Good to meet you and Welcome to T.I.O.F a most interesting question, one with a very simple answer. You see, demand zones are ALWAYS below current price and supply zones ALWAYS above current price...
Michael - thank you so much for taking my question, I feel like I knocked on the door of Number 10 Downing Street and the Prime Minister answered it in person!

I know there is an A-HA! moment in my future, but Im still not quite there yet - I hope its OK if I chip away at this a little more?

I don't think I did such a good job of asking the question, so Im going to bust out a sketch! (Note: I sub-contracted out the drawing to my 12 year-old niece, Maddy - hopefully my next trade recoups the $5 I paid her!)

Lets say we see evidence on a price chart of a Demand Zone (i.e. a strong move to the upside out of the zone), we know that any Buy Limit Orders that populated that zone must have been placed - chronologically speaking - at a time prior to us observing that move. Lets call the Date/Time when the order was placed t. And we also know that at Date/Time t the market price (lets call that p) must have been higher than the price specified on the Buy Limit Orders. Is that correct?

Lets go a step further. If that Demand Zone is a Drop-Base-Rally, it all makes sense: At some point, price falls away from p, it reaches the price zone where the Buy Orders are abundant, we see some basing, and then price moves steeply to the upside. How am I doing?

But what if that Demand Zone is a Rally-Base-Rally (as per Maddy's sketch)? Price needs to fall away from p to below the Zone where the Buy Orders are, in order to then rally back up into them. And thats what Im hung up on. The price drop that precedes the rally, must have passed through the price point where the orders are sitting... unless, the orders are placed later on the time line, and placed as Buy Stop Orders from some point below the RBR Demand Zone.

Thanks again

Gary (ATX)
Attached Image (click to enlarge)
Click to Enlarge Name: MaddyInc.jpg Size: 1.7 MB
  • #4,332
  • Jul 19, 2017 11:24pm Jul 19, 2017 11:24pm
Quoting Atx
{quote} Michael - thank you so much for taking my question, I feel like I knocked on the door of Number 10 Downing Street and the Prime Minister answered it in person! I know there is an A-HA! moment in my future, but Im still not quite there yet - I hope its OK if I chip away at this a little more? I don't think I did such a good job of asking the question, so Im going to bust out a sketch! (Note: I sub-contracted out the drawing to my 12 year-old niece, Maddy - hopefully my next trade recoups the $5 I paid her!) Lets say we see evidence on a price...
Hello Atx

best wishes

Inserted Video
Be careful what you think because your thoughts run your life..Solomon
  • #4,333
  • Jul 20, 2017 12:05am Jul 20, 2017 12:05am
Quoting Akt
{quote} Hello Isaacpeh. thank you for your analysis on the USDJPY. Much appreciated Some of my thoughts... best wishes{image}
Dear AKT,

Could you explain why the selling area in yellow circle on Weekly chart is considered as Supply zone, please?
  • #4,334
  • Jul 20, 2017 12:08am Jul 20, 2017 12:08am
Good day Michael,

I've a question about EURAUD which you've discussed in the video you just posted.
Guys can check it out :
Inserted Video


So you were saying that the zone (which i draw purple) is being removed, and you've only 3 zones around which is exactly same as the 3 zones I've.
But my question is why is that zone being removed?
And specifically, which zone you mean? Is that purple one i draw, or the blue one right on the purple one?

Best regards,
Sean
Attached Image (click to enlarge)
Click to Enlarge Name: Sean EURAUD 20July D1.png Size: 149 KB
  • #4,335
  • Jul 20, 2017 12:36am Jul 20, 2017 12:36am
Quoting Akt
{quote} hello Autokon if i may, i would like to help clarify something about that term that is often used on S.A.D threads. I think it has been a little bit misused. Set and Forget as a term itself simply means placing an order and leaving it there till price returns to the level. It contrasts using stop orders. That tactic can be used in any timeframe, any sequence, even when doing what is often referred to as a "confirmation trade". Now, the other use of the term "set and forget" that often gets confused is that which relates to whether or not...
hello Akt,
now is very clear,thanks a lot !
  • #4,336
  • Jul 20, 2017 12:42am Jul 20, 2017 12:42am
Quoting tseannn
Good day Michael, I've a question about EURAUD which you've discussed in the video you just posted. Guys can check it out : https://www.youtube.com/watch?v=0Nh6_0WEECs So you were saying that the zone (which i draw purple) is being removed, and you've only 3 zones around which is exactly same as the 3 zones I've. But my question is why is that zone being removed? And specifically, which zone you mean? Is that purple one i draw, or the blue one right on the purple one? Best regards, Sean {image}
hello tseannn

here you go.

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: euraud pls.PNG Size: 43 KB
Be careful what you think because your thoughts run your life..Solomon
  • #4,337
  • Jul 20, 2017 12:53am Jul 20, 2017 12:53am
Quoting Akt
{quote} hello tseannn here you go. best wishes{image}
Good morning sir,

So as long as the price has exceeded the zone, it's considered broken and invalidated?
Even if the price came back into the zone?

Best regards,
Sean
  • #4,338
  • Jul 20, 2017 1:08am Jul 20, 2017 1:08am
good morning,
I closed two orders on eur/aud
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 50 KB
  • #4,339
  • Jul 20, 2017 1:41am Jul 20, 2017 1:41am
Quoting Autokon
good morning, I closed two orders on eur/aud {image}

Sweet trade Autokon... that pair is falling like a rock, removing all DZ's in its way.
Just curious, did you take that trade on the Daily TF?
  • #4,340
  • Edited 3:41am Jul 20, 2017 3:08am | Edited 3:41am
Regarding RBR:

Quoting Atx
we know that any Buy Limit Orders that populated that zone must have been placed - chronologically speaking - at a time prior to us observing that move.
When it comes to a RBR, I struggled with this too for a while, and Michael may correct me but I came to this conclusion. The demand zone you speak wasn't neccesarily formed only by buy orders initially. It could, for example, have been created by sell limit orders interrupting and pausing the flow of a rally.

The pause then becomes a 'buy versus sell fight', and if, at the end, the buys win strongly, leading to another strong leg up, then it must tell us something about value at that price.

It tells us that buyers saw the sellers as suppliers of liquidity at a good price, so they took advantage and filled their boots. After the fight, sellers, now sitting with losing open positions, are forced to leave buy orders there in the hope that price returns in future and they can close out near break even. The latter creates more liquidity at that price, inviting further buy orders from opportunistic buyers.

So in summary, in a RBR the base may have formed due to a rally encountering sell limit orders, pausing its flow, but in future that price may be populated by a cluster of buy limit orders from sellers with losing positions (who now need to get out at break even) and buyers (who still see it as good value and a source of liquidity thanks to all the trapped sellers there).
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