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Student of Socrates (SoS)

  • #101
  • Jan 15, 2020 5:55am Jan 15, 2020 5:55am
Quoting StudentofSoc
{quote} The risk level is the same size of the 9 (or 13) bar, duplicated from (in this case) the low. In other words if the bar that made the 9 is 10 pips then the risk level will be 10pips from the low of the bar. TD RISK LEVEL.
Ahhhh, right - understood! This is TD logic. Does this risk factor vary per timeframe? In fact, is it user-defined or is a value specified by Mr Demark?
  • #102
  • Jan 15, 2020 6:01am Jan 15, 2020 6:01am
Quoting Geester
{quote} Ahhhh, right - understood! This is TD logic. Does this risk factor vary per timeframe? In fact, is it user-defined or is a value specified by Mr Demark?
The rules are taken straight from the book, from the TD Risk Management chapter. It's always the range of the bar x2.
  • #103
  • Jan 15, 2020 6:03am Jan 15, 2020 6:03am
Quoting StudentofSoc
{quote} The rules are taken straight from the book, from the TD Risk Management chapter. It's always the range of the bar x2.
If you have a 9 on the 1hr chart, and a 9 on the 4hr chart that line up on the same interval then you obviously use the higher time frame risk. Higher time frame always rules.
  • #104
  • Jan 15, 2020 6:07am Jan 15, 2020 6:07am
Quoting StudentofSoc
{quote} The rules are taken straight from the book, from the TD Risk Management chapter. It's always the range of the bar x2.
Perfect - that makes total sense. Did you reference the book anywhere in this thread? It might be worth a read so I stop asking stupid questions

However, thanks for the awesome information. It's slowly clicking into place in my old brain
  • #105
  • Jan 15, 2020 6:14am Jan 15, 2020 6:14am
@Studentof Soc
Thank you for answering my question..I`m going to understand it a bit better.. the timeframe I take my entries is the D1.
So if I got it ok I check the weekly/monthly for risk minimisation..
  • #106
  • Jan 15, 2020 6:48am Jan 15, 2020 6:48am
Quoting Geester
{quote} Perfect - that makes total sense. Did you reference the book anywhere in this thread? It might be worth a read so I stop asking stupid questions However, thanks for the awesome information. It's slowly clicking into place in my old brain
I will attach it later today
  • #107
  • Jan 15, 2020 6:49am Jan 15, 2020 6:49am
Quoting baxter01
@Studentof Soc Thank you for answering my question..I`m going to understand it a bit better.. the timeframe I take my entries is the D1. So if I got it ok I check the weekly/monthly for risk minimisation..
Yes, well. Always start on the monthly time frame so you know where you are in price... and work your way down. You don't want to be buying in to monthly resistance etc..that's a quick way to go to 0 haha
  • #108
  • Jan 15, 2020 7:04am Jan 15, 2020 7:04am
Quoting Geester
{quote} Perfect - that makes total sense. Did you reference the book anywhere in this thread? It might be worth a read so I stop asking stupid questions However, thanks for the awesome information. It's slowly clicking into place in my old brain
There you go,
Attached File(s)
File Type: rar TD.rar   7.1 MB | 624 downloads
  • #109
  • Jan 15, 2020 7:14am Jan 15, 2020 7:14am
Quoting StudentofSoc
{quote} There you go, {file}
Thank you!
  • #110
  • Jan 15, 2020 8:49am Jan 15, 2020 8:49am
Attached Image (click to enlarge)
Click to Enlarge Name: room.png Size: 40 KB


I'm a bit confused on understanding which highs low produced the original line to produce the channel I've arrowed. Are you able to advise? BTW, this is EU/H4 around 30/08/2019. Many thanks.
  • #111
  • Jan 15, 2020 9:10am Jan 15, 2020 9:10am
Quoting Geester
{image} I'm a bit confused on understanding which highs low produced the original line to produce the channel I've arrowed. Are you able to advise? BTW, this is EU/H4 around 30/08/2019. Many thanks.
The break line creates the channel, hold the mouse over the lines...you will see a comment appear, main line = break line. Shadow= parallel.
  • #112
  • Jan 15, 2020 9:11am Jan 15, 2020 9:11am
Quoting StudentofSoc
{quote} The break line creates the channel, hold the mouse over the lines...you will see a comment appear, main line = break line. Shadow= parallel.
The previous low to subsequent high
You can double click on the line too, it will show where it's connected with small dots.
  • #113
  • Jan 15, 2020 9:23am Jan 15, 2020 9:23am
Attached Image (click to enlarge)
Click to Enlarge Name: room.png Size: 24 KB


Have I understood this properly?
  • #114
  • Jan 15, 2020 9:38am Jan 15, 2020 9:38am
Attached Image (click to enlarge)
Click to Enlarge Name: room.png Size: 42 KB


Again, same question. Have I selected the correct points to define the main line?
  • #115
  • Jan 15, 2020 9:43am Jan 15, 2020 9:43am
Quoting Geester
{image} Have I understood this properly?
Well yes, but what u marked as "high" is not a high. Why did you mark it? Trying to understand what u actually mean ...

Ahh...ok you are confused now.
It's just previous low to subsequent high..from the actual low....I am not at computer now so can't show pic, I will later. Check the .PDFs meanwhile you are getting confused with the word "subsequent high".. thinking it should be a high inbetween...hard to explain in word. Will get back to you on this one.
  • #116
  • Jan 15, 2020 12:41pm Jan 15, 2020 12:41pm
I get it from your sample and the PDFs but, I just can't seem to work it out at the start of the channels in examples like those posted above (and others)?
  • #117
  • Edited 5:53pm Jan 15, 2020 5:27pm | Edited 5:53pm
Quoting Geester
{image} Again, same question. Have I selected the correct points to define the main line?
the low is the middle point. connecting the previous-low from the LOW (Middle point) to the subsequent high FROM THE LOW (middle point).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 123 KB
  • #118
  • Jan 15, 2020 6:38pm Jan 15, 2020 6:38pm
Just got to this and it's late but initial observation, I think the fact that the previous low wasn't actually a lower low may have been a great source of confusion for me. I'll take a longer look in the morning. Thanks for taking the time to clarify this for me. It's very much appreciated
  • #119
  • Edited 12:04pm Jan 16, 2020 6:08am | Edited 12:04pm
Quoting StudentofSoc
Spotted a potential shorting opportunity on AUD/USD - Long Term? AUD/USD 4hr Chart Anlaysis (One Week ahead of ECM come January 20th) Price has broken and is currently trading below the break line. This is in fact very interesting, because next week is the ECM turning point which may ignite a USD rally and a decline in GOLD (GOLD and AUD have strong correlation). Meaning that a pullback to this level followed by a (9?) reaction to the downside prior to the 20th may actually give us an extremely good entry heading in to the ECM. So stay alerted on...
AUD/USD - Update!
About to test resistance...(going short, SL above breakline on a closing basis)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
  • #120
  • Jan 16, 2020 11:59am Jan 16, 2020 11:59am
Quoting StudentofSoc
{quote} AUD/USD - Update! About to test resistance...(going short, SL above breakline) {image}
AUD/USD - Update!
Still looking to hold the short positons going into ECM.
Moving Risk to 0%. As of now we are running +40 pips in floating netprofit - with no risk.
Lets see what happens on ECM, very exciting!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
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