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Tug-of-War Journal

  • #21
  • Aug 16, 2010 12:53am Aug 16, 2010 12:53am
NZD/USD not going too badly.
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  • #22
  • Aug 16, 2010 1:04am Aug 16, 2010 1:04am
Snagged +25 before going to work! that was nice!
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  • #23
  • Aug 16, 2010 7:00pm Aug 16, 2010 7:00pm
Quoting Skracor247
Here is a live example. Price has entered H1 zone. Now waiting to see if there is any demand there to drive the price up.
Remember this one? It showed some nice demand right after I left for work! Entry would have yielded a 15 pip risk, not too shabby!
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  • #24
  • Aug 16, 2010 7:51pm Aug 16, 2010 7:51pm
Nice trading Skracor, I'll have to do more watching and research on this type of trading. I never can find the right spot to trade from, at least not in real time. It's real easy to look after the fact and find spots to trade from, I'm a master at that. I plan on going over Seiden's stuff again and looking at some cleaner charts. I love the idea of trading a nice clean charts like yours, just need more practice. Have a good night.

trublu
  • #25
  • Aug 17, 2010 6:18am Aug 17, 2010 6:18am
Thanks for the encouragement trublu, but I have something of the utmost importance to say.


It's a girl!

Ruth Emi:
8lbs 14oz
21 1/2 inches long
Born at 7:24 P.M. Eastern
August 16, 2010

My second child!
  • #26
  • Aug 17, 2010 10:49am Aug 17, 2010 10:49am
Quoting trublu
Nice trading Skracor, I'll have to do more watching and research on this type of trading. I never can find the right spot to trade from, at least not in real time. It's real easy to look after the fact and find spots to trade from, I'm a master at that. I plan on going over Seiden's stuff again and looking at some cleaner charts. I love the idea of trading a nice clean charts like yours, just need more practice. Have a good night.

trublu
I totally agree and I myself am king of looking back and saying, "I would have traded here there and not there." All the while ignoring the the setups that didn't work.

One thing I have noticed from the time invested in looking at charts: The faster price moves away from an area the more imbalanced Supply/Demand was in that area.

What was missing from my trading was waiting for Supply/Demand to show up the second time when price reentered that area to test it.

Let me give a couple examples of what I see as imbalanced S/D.
Down arrows show S>D.
Up arrows show D>S.

Notice the price does not always turn the second time a level is tested. That is why I use a lower TF to see if there is still an imbalance in existence.
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  • #27
  • Aug 17, 2010 5:15pm Aug 17, 2010 5:15pm
Quoting Skracor247
I totally agree and I myself am king of looking back and saying, "I would have traded here there and not there." All the while ignoring the the setups that didn't work.

One thing I have noticed from the time invested in looking at charts: The faster price moves away from an area the more imbalanced Supply/Demand was in that area.

What was missing from my trading was waiting for Supply/Demand to show up the second time when price reentered that area to test it.

Let me give a couple examples of what I see as imbalanced S/D.
Down arrows show...
Congrats on the new addition, August is a good month to be born, I know from experience being a leo myself. Thanks for the chart, I always try to look at areas where price moved away from an area fast, seiden might have talked about how fast price moves away from an area, not sure, don't remember.

Do you like to see the supply/demand areas at the extremes of the BB's? or was that just a coincedence in this case? Thanks for the response and the help, hope you still have time to trade with a new baby in the house.

trublu
  • #28
  • Aug 17, 2010 5:17pm Aug 17, 2010 5:17pm
Also I forgot to ask how long you watch an area. For example say price moved down real fast from an area on the 1hr chart. Will you keep an eye or that level until price comes back to it or only for the next week or some other set time limit.

trublu
  • #29
  • Aug 19, 2010 3:27pm Aug 19, 2010 3:27pm
To tell you the truth I have minimal knowledge in Seiden's teaching. I did hear him talk about the speed of price, however, and its correlation with the imbalance of Supply and Demand. I also seem to recall Porkpie and WMD talking about similar things. Anywho these ideas have been swimming around in my head for awhile.

In answer to your other question: that was a coincidence in this case as I always take price into consideration first. I like to look at the Bolli bands in a similar fashion to Seiden(I think), i.e. when in a downtrend the area between the upper band and the middle band is wholesale and I am looking to sell. In a down trend the nearer the upper band the better.

I will watch a level whenever price approaches it, it doesn't matter how long ago it was. I do, however, place more of an emphasis on what has happened most recently. There are no set rules in my mind when it comes to this it is a matter of preference born out of experience.
  • #30
  • Aug 19, 2010 3:36pm Aug 19, 2010 3:36pm
Quoting Skracor247
To tell you the truth I have minimal knowledge in Seiden's teaching. I did hear him talk about the speed of price, however, and its correlation with the imbalance of Supply and Demand. I also seem to recall Porkpie and WMD talking about similar things. Anywho these ideas have been swimming around in my head for awhile.

In answer to your other question: that was a coincidence in this case as I always take price into consideration first. I like to look at the Bolli bands in a similar fashion to Seiden(I think), i.e. when in a downtrend the area...
Cool thanks for the reply, do you know what other threads here on FF would be a good read for supply and demand type trading? Also I'm not sure how seiden does stuff, just seen a couple of his webinars.

trublu
  • #31
  • Aug 19, 2010 4:00pm Aug 19, 2010 4:00pm
Quoting trublu
Cool thanks for the reply, do you know what other threads here on FF would be a good read for supply and demand type trading? Also I'm not sure how seiden does stuff, just seen a couple of his webinars.

trublu
Okay I got it. The System III(Oh no!) This one is almost there but there is not really a thread dedicated to supply and demand trading with that kind of language in it that I can recall.
  • #32
  • Aug 23, 2010 12:35am Aug 23, 2010 12:35am
I had forgotten there is a thread that that talks is only about S/D trading.

Price is everything.

Hope it is what you are looking for!
  • #33
  • Aug 23, 2010 12:52am Aug 23, 2010 12:52am
First trade of the week. I don't normally take trades during the Asian session but I wanted to, so I did.

Shorted Eur/Jpy for +30pips.
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  • #34
  • Aug 24, 2010 6:22pm Aug 24, 2010 6:22pm
Quoting Skracor247
I had forgotten there is a thread that that talks is only about S/D trading.

Price is everything.

Hope it is what you are looking for!
Thanks Skra for mentioning those threads, looks like I've got some reading to do. I've got so many things that I plan on reading/learning about, it's crazy. This week is too busy at work to spend much time reading stuff but hopefully next week I can start really going through some of sam seiden's stuff and the threads you posted. Nice EJ trade btw.

trublu
  • #35
  • Aug 26, 2010 11:21am Aug 26, 2010 11:21am
This is what I'm seeing...
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  • #36
  • Aug 27, 2010 12:38pm Aug 27, 2010 12:38pm
Trades I took today. Had to leave the house for a while, so I didn't capitalize on them, but I executed my entries perfectly and am very satisfied.

I am so very excited about my day off of work this coming Friday! I am going to KILL this market!

I will try to do a little posting live that day, but I don't want it to mess with my concentration so it will be minimal.
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  • #37
  • Aug 30, 2010 12:28am Aug 30, 2010 12:28am
Shorted the GBP/CHF. Is it gonna happen... I wouldn't have shorted if I didn't think so.
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  • #38
  • Aug 30, 2010 12:59am Aug 30, 2010 12:59am
well that was a nice failure!
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  • #39
  • Aug 30, 2010 1:00am Aug 30, 2010 1:00am
Too bad I have to go to work so I won't be able to redeem myself with later successive trades.
  • #40
  • Aug 30, 2010 10:18am Aug 30, 2010 10:18am
LOL!!! Had I been able to stay home 15mins longer I would have reentered this trade and made out with the big pips!!!

I think I will no longer trade before work. I need to trade over a period of time and I like the looks of the London/New York session.

Some people may have been unhappy with this trade. I have finally come to the point where I don't get upset by losing trades. I just brush them off and move on to the next one.
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