Trading The Language Of Price (Mapping And Order Flow Shifts)

This video was inspired by Tom Dante.

Wanna say thanks to Tom for agreeing to let me mention Him in the video. I hope this video helps anyone that struggles with depression. What I suggest made a big difference for me in stabilising my mood swings.

LSP

I'll be refining the Patreon Membership, details in the post.

https://www.patreon.com/posts/33775816

LSP

Great work! Keep it up. Love your charts as well, looking clean!

Cheers

Thanks

Over the years I've found the methodology of Supply and Demand is pretty solid. Many other methodologies and systems are spin offs of this idea. And one can see why as the fundamental principles are sound.

The question I have raised to myself many times is what are we actually looking at and why do these areas or zones as they are called work?

I won't go into my beliefs here but I will offer something. When you are looking at a chart and you make a note of an area/zone that works over time, meaning you know what it looks like, you see it forming, you can identify it and you can trade it for a positive return consistently, does it matter whether you know why it works?

Some may argue yes it does and I am one of those people. But I also know a few traders who really don't care at all as long as it's putting money in the bank.

In the end the balance is what matters. If I had a choice to a. make no money but understand something or b. make money and not know why I would happily take b.

Just some food for thought.

LSP

Thoughts on EURJPY study.

I've made some notes on the higher time frame monthly but left the others for your imagination.

If this doesn't show up properly I'll re post as I'm using Oanda web which uses Trading View.

LSP
www.patreon.com/lsptrading

https://www.tradingview.com/x/zIMIduEC
https://www.tradingview.com/x/fmGoDRts
https://www.tradingview.com/x/0RKeBRvT

You will not see anyone showing you things this way. I'm trying to make it as obvious as I can without saying it.

LSP

EURJPY live trades and thoughts. Enjoy.

LSP

Live Trade Results And Stuff.

You know I'm sitting here thinking about some of the things I have been exposed to over the last few years and I find myself scratching my head as to why other people can't see the obvious flaws in some of these ideas.

Take the example of the all powerful algo that is controlling price. Are we to believe there is 1 algo that drives price around for the benefit of central banks that already control price?

I mean think about that for a second. An algo, that controls price, for the central banks, that already control price?

One can argue that the bank controls the algo, that controls the price, that they already control, but then whats the point?

So the next time you hear this idea being taught just take some time out and think.

Peace.

LSP

Subscribed to thread, thanks for the work you've put in LSP. I am a supply/demand trader and have found your videos useful

Your welcome tankybank, pleased to know the thread is helping traders.

Quick video going over some focus pairs form the Patreon look ahead this week. Enjoy.

Over the years one problem that continues to plague traders is the inability to sit in 1 place and watch price.

How often do we as traders find ourselves doing analysis, setting everything up, marking levels and then leaving the screens?

We do all this work to then open trades on our phones or jump into something that half looks decent because we think we've done enough.

The bottom line is you need to sit down and monitor price and watch. Wait for something that makes sense and then execute.

A better way to explain and really show my point is this: How many times have you opened a traded, left it, taken a look at a later time only to find its gone 100 pips into profit, back to break even and into a loss?

Come on!!!! Sit and watch your trades

LSP

An example of one of the study trades I opened today for the Patreon members. I do this to show both winners and losers and how they differ. One of the biggest differences between me and some others who teach is I always advocate and show live price action and live trading.

You can not learn from looking at static charts. And you can't learn from paper trading. When you open a live trade your physiology and psychology change. Everything is different. So different that without these experiences you can't move past many of the problems you face as traders.

I also make a VERY clear distinction between study trades and trades that I personally take, on the same account, to make sure the members know the difference and that this will be a trade I am confident in.

LSP
www.patreon.com/lsptrading

Some thoughts on open trade studies over on Patreon. Enjoy.

LSP

Results for the live trade studies so far this week. All recorded in video before the fact. Honest and transparent education.

https://www.patreon.com/posts/34301394

LSP

Short post on the swing trade study I have open on Patreon. I try to add some nuggets in these posts for everyone to benefit from.

https://www.patreon.com/posts/34522548

Hello All,

It's been a while since I have had a chance to post anything of value. I've been so busy running around, recording videos and generally being a nuisance in the markets to sit down and spend a few minutes throwing out some info I feel will help at least 1 soul make a better trading decision.

With all that said I wanted to give you something to think about over the weekend. As many of you know and if you don't I'll tell you quickly. I am a scalper and always have been. I'm simply not interested in holding positions. The main reason for this is because too much can go wrong and I learned at the start of my trading journey that I didn't want to give back profits or sit through slop and so on. It was far easier and less stressful to take a little bit of money many times a months instead of trying to hit a home run once a month.

Now I don't claim to be the be all and end all of scalping but I do know how to scalp very well and I'll offer some suggestions for those of you that are looking to trade this way and feel from experience that this trading model fits your psychological profile.

Below you'll see a chart of the EURUSD. This is a pair we are all accustomed to seeing pretty much all the time and is why I chose it. You'll notice I have a full week of price data shown with each daily range shown as well for reference.



We can see that these ranges are more than tradable for a scalper right. And remember when your scalping your not looking to take 100's of pips your looking for a few solid set ups each week that can put some scratch in your account safely.

The next chart shows 2 entries I took on EURUSD this week but I haven't gone into the reasons why. I have just made a note of only 2 candles. Everything you need to know and understand is on this chart in terms of flow of price and why these 2 trades were solid and safe to take. Take note that the second candle I have noted on Thursday was a clue for me to look for Fridays trade. Also take note that what your seeng isn't just some random wicks or candle stick pattern. Really look before and after these candles starting from Monday through to Friday to get a feel for how price is moving. Ask yourself what is price not doing and what is not price doing. Those 2 candles are what tipped me off to what happens next. Any questions please feel free to post and I'll respond.

Nice one LSP, people forget that its all fractal so plenty of ops for any type of trader. The candles seem to line up with an OB reaction in line with the overall direction. Was that your determination?

Enjoying your posts