Ken's Continuing Successes with EO's system

Yep, there's 2 levels and doesn't look like much to stop when it does turn.

hi ken, after studying in your thread for sometime, i would like to thank you for your effort in putting such valuable info in your thread.. i must say that the supply and demand stuff is awesome.. of course, this is all thanks to trotty who first introduced sam seiden's stuff in your awesome thread... anyway, this are two trade that was taken moments ago, both on aj...

taken half off the table, sl to be...

thanks again to those awesome traders who contributed, huge respect is due to all of you

trade safe and enjoy the coming weekend

edit: remaining half out at be

chart, In search of the best entry locations, This is the OZ 4 hr .

Price in demand now.

http://www.hotstockmarket.com/image/...t/500/flags/LL

During off session times look for your entry areas. even if you don't like PO's have the areas in your mind so you don't hesitate. Put them on all your charts then the best ones will jump off the chart at you.

even if you took one or two that failed the winners would make up for it

Plus looking at the above charts, That picking levels from both directions gives you both the entry and the profit Target. If they had gone long first the TP would be your long entry at the bottom. Very clear non complicated trading. Just do it with proper risk and money management. Start with a small risk until you feel comfortable doing it.

Hi Ken,
Yes the best thing to do is to look at the charts in the off-time and looking at the simple fact, S and D are in fact simple.
In the picture the result of my first trial account only with S/D pending order.
The best one is on NZD/USD at A+ level on 4H, that I pick at late night in a matter of minutes, after some days a good results... that I mess locking some profits in a trade that It would be profitable on the 1st and also 2nd target...

The confidence in this methodology is increasing, thanks to you Ken that enlightens us with your way of seeing and teaching, you are really great in doing this!!!!


Cheers to all and have a good week end

Alessandro

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

Good pre-recorded webinars by Sam, on supply / demand trading.
Finding some really good tips on these..
Enjoy!

good stuff

Hope everyone has a great day.

When taking supply demand trade... Confluence with a Fib level or Eohaters MA's increases sucess. 1H 50ma and 62 work good!
Confluence is always a good thing!

Motion Into Mass, Revisited


http://www.tradingacademy.com/lesson...mail_print.jpg http://www.tradingacademy.com/assets...amseiden75.jpg By Sam Seiden, Online Trading Academy Vice President of Education and Product Development

Before starting my career at the Chicago Mercantile Exchange, I did two things and really two things only. I played ice hockey and went to school where the focus of my studies was Biology and Genetics. I know what you're thinking; how boring... Well, I actually was and am still fascinated with the study of life so I really enjoyed those days. Around every corner of Biology, Chemistry, Genetics, and so on is another mathematical equation. After diving into this field, I quickly realized that though there were so many equations, the underlying goal of most of these equations was to quantify the forces of "change," "action," or "energy." So, one could argue that all these equations were really different variations of the same thing. For my simple mind, everything came down to Newton's simple concept of "motion into mass." Whether I was figuring out the concept of splitting a cell or how an earthquake happens, the underlying equation was quantifying motion into mass.
Knowing absolutely nothing about trading and economics when I started on the floor of the Chicago Mercantile Exchange, my first thought was that I now had to learn a whole new subject because my prior schooling and experience had nothing to do with trading and economics. How wrong I was! Within a few weeks of working on the exchange floor, facilitating institutional order flow, all I saw was "motion into mass" everywhere. The only difference was that quantifying it in the markets was easier than what I had learned in the science books. In the trading markets, the "Mass" is the buy and sell orders, or what I prefer to call Demand and Supply. At price levels where demand exceeded supply, price rises. At price levels where supply exceeded demand, price declines. "Motion" of price is in between the supply and demand levels. We enter and exit positions at these levels and get paid in between. My "edge" in trading is that I learned to see this on a price chart, long before I ever heard anything about conventional "technical analysis." The focus of today's piece is to share a recent trade with you and illustrate this concept of simple motion into mass. The goal is that this nugget of information can help you whether you are a day trader, swing trader, or longer term investor.
June 3rd, 2011, the big news was a very bad employment report in the US. While most people were expecting a bad report, the actual numbers were worse than expected.
News Announcement June 3, 2011:
Bad Employment Report
Fri, Jun 3 2011
"The bad economic news continued last week: In the United States, the unemployment rate rose, job creation slowed, home prices dipped and consumer confidence fell - all trends that reflect a struggle to maintain economic growth." - AP

http://www.tradingacademy.com/lesson...rt20110621.gif
Figure 1

While the news of a bad jobs number was very real, the key to profitable day trading that day or any day was to focus on where the real demand and supply was in the market. When the bad number was released, the S&P fell quickly as you can see from the chart on the left. The bad news invited many in to sell. That forced price down to a level where there were enough buy orders to match the amount of supply that was coming into the market from the bad jobs number. Those buy orders were sitting at the strong demand level noted on the chart. That is actually where they always will be. I bought at that level because it was low risk, high reward and very high probability. The chart on the right shows the morning rally from that demand level. How can price rally after such a bad employment report? It's because all the sellers sold and price was then at a level where demand exceeded supply. The rally continued until it reached a price level where supply exceeded demand as you can see on the chart to the right. This is where I was an interested seller because shorting here meant the risk was low, reward was high and the probability of prices falling was very high.
The most important piece of information you can take from this is to understand there are two ways to think trading and markets. You can focus on the news and conventional trend analysis and sell near the low and buy near the high. Or, you can focus like I do on the reality of how you make money buying and selling anything. You see, if I were to call demand "wholesale" and supply "retail," I am sure you would start to think differently because we all want to buy at wholesale prices and sell at retail prices in every other part of our life. That is actually 100% how you need to think about the trading markets because the truth is, there is no difference between the proper buying and selling action you take there versus the proper buying and selling action you take when buying and selling anything. The industry guides people to think there is a big difference and leads people down the thinking path of conventional fundamental and conventional technical analysis, but that is a big trap. June 3rd is a great example of that thinking trap.
The information in this piece may seem a bit repetitious but the purpose of that is to help you understand how the markets work and one way of attaining low risk, high reward, and high probability profits when speculating in markets.
Hope this was helpful, have a great day.
- Sam Seiden [email protected]

charts

If you don't have time to watch this whole webinar recording watch the last half. really brings home the multi time frame issue and how rally base rally and drop base drop . can be good or bad . Based of the higher time frame levels. Sam shows how when price was in a WEEKLY demand level he took many long trades off as fast as a 1 min chart.

terribly quite in here lately. Ken



http://www.fxstreet.com/webinars/ses...5-3b0c09ae4187

PS I don't think we need bollinger bands , But if you need a crutch might help to push the button.

I'm workingmy way through EO's original thread, and will be reading all of this after, already taking trades so am learning and gathering experience at the same time............anyway just wanted to drop in and say thanks to you Ken for keeping the learning momentum going with this trading style and I look forward to posting more in here to once I'm up to date with everything

Cheers

chart If the time of day had been different I may have held that for the lower area of interest. But being after london close and late usa felt good closing

A lot of supply levels are being tested over and over on many pairs . So a break could be in the near future . But why take a risk just wait for it then wait for a retest entry once it becomes demand. a few or even one good trade a week would provide as much or more than most are making.

Gbp and swizzy came off good levels Sunday night . Providing more than enough for anybody.

Thanks for the note unfortunately I have gone off on a tangent here . On my own quest to find the one thing that drives everything else. One would find it hard to argue that Supply and Demand is the key element being nothing more than Buying and selling. We as new traders entering a totally foreign environment to most of us get caught up int the mindset that it has to be hard to trade,

Because our whole life we are told work hard and you will succeed , But with just a little research or time on forums. You will find almost to a person that those that progress from learning to succeeding reverberate the fact . That once they got to level of professional 5% out of the whole. That trading was simple to the point of boring.

That has always been the goal to become a bored successful trader. i just can't see it through the vast amount of text and descriptions it takes to explain most trading ideas. The few repeated and unchallenged thoughts remain the same.

Sell high
buy low
hold winners
close losers

With supply and demand we can actually project the trade from inception through completion . With easily spotted and marked levels of interest. Leaving off the trouble of seeing what looks like the same pattern or candle stick . But ending with vast different results based on it's location with in the price action on our charts.

Sorry got off on a ramble. If you have any questions on anything off the EO thread or here please feel free to ask.

Trade Well Ken

where to start with this thread.

as I see your charts now, they dont seems to look like in beginning at page1.

Hope you can help a bit

If its start page 1 and read on then its it and I will try do that

Peter

My entire focus has always been to help others to see how price flows across our charts. The EO thread is some of the best information on the web. To continue that start at the beginning. The information throughout the thread to me is valuable. I am tossing around the idea of starting another thread to continue the S/D stuff or maybe just stop posting as it is totally different in ways.

The reason I have continued here is the single fact if you really read a lot of the original thread, you will soon find that the best trades were taken as touch trades off supply or demand areas. Support Resistance. it wasn't a real entry discussed other than those levels mentioned that most didn't take, but the best or ones that made the most pips were getting them off those entries.

It is also the way they were seeing the TP areas. Regardless of what it has been called or how they saw it . it worked very well for them . But has not been clear to many. This section can be a contribution to that by maybe helping us to see, it is always about seeing the trade before we take it that is key.

But I don't want to take anything away from the great work done by all those in EO's thread . As I stated in the previous post . I am on my own journey the same as you guys. In search of the easiest clearest and profitable style that requires the least amount of time. I think with the small amount of information I have studied about this Supply and Demand level style uses more basic common sense ideas than most.

All the information i post can be used along side other trading styles as well. It isn't nor has it ever been a do this or nothing. But a additional tool to provide clarity to our trading.

Most of us don't really understand that we really can't see, even in a basic sense things that we don't see as comprehensible. Not that we are stupid we just don't have the basic information to make it realistic to us. So when we start learning we depend on others to lead the way instructing us in the understanding of trading.

But what if what they are telling use or trying to explain isn't actually how they SEE it but is the best way they can describe it to others. It isn't anyone's fault but it is the same as the child's game where in a group .a simple story is told and passed along then the end result is always totally different than what started.

It is just how each person understood and decided to pass that information along. This is one reason that I try and describe things in a very basic simplistic fashion . Never really answered your question .

In a ranting kinda mood I guess. sorry. Ken