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Romancing the Price

  • #401
  • Jul 17, 2011 4:54am Jul 17, 2011 4:54am
thank you for the silver chart on other thread kenny
  • #402
  • Jul 17, 2011 12:19pm Jul 17, 2011 12:19pm
Quoting Porkpie
Order flow is a generic term to explain the movement of any market at the micro scale. There isn't one single method that can be said to be order flow trading. This method however is closer to it than most as we are following previous turning points in price and looking for clues that it will turn there once again. Also banks often have big orders to fill and may not have been able to fill all their stack of orders at that price the first time around, so when price revisits that area, more are off-loaded. This could be said to be following the flow...
If you wanted to learn how to trade SD, bookmark this post. Any time you get confused in the future come back and re-read what PP put down in this post.

If you ever start to over analyze the market, remember the point is finding unfilled orders. The unfilled orders at these levels also tends to make them profit taking areas which will add order flow to your trade. It is all about the orders nothing else matters
  • #403
  • Jul 17, 2011 12:58pm Jul 17, 2011 12:58pm
Quoting Porkpie
Order flow is a generic term to explain the movement of any market at the micro scale. There isn't one single method that can be said to be order flow trading. This method however is closer to it than most as we are following previous turning points in price and looking for clues that it will turn there once again. Also banks often have big orders to fill and may not have been able to fill all their stack of orders at that price the first time around, so when price revisits that area, more are off-loaded. This could be said to be following the flow...
Thanks man. Do you think supply and demand is the "IT" everyone was talking about in those threads? Does it take into account stop hunting? It still confuses the hell out of me... Not supply and demand, just what "secret" those few people seemed to possess. I still don't understand how alot of them don't even use charts. I am watching Seiden's vids and I appreciate your response.
What is any ocean but a multitude of drops?
  • #404
  • Jul 18, 2011 9:27am Jul 18, 2011 9:27am
Thank u, Kenny, Orbital, Ifmyante and other traders around here. You guys enhance my knowledge about S&D!
  • #405
  • Edited 11:19am Jul 19, 2011 6:59am | Edited 11:19am
Quoting Xhale12
Thanks man. Do you think supply and demand is the "IT" everyone was talking about in those threads? Does it take into account stop hunting? It still confuses the hell out of me... Not supply and demand, just what "secret" those few people seemed to possess. I still don't understand how alot of them don't even use charts. I am watching Seiden's vids and I appreciate your response.
Which thread in particular? Much of what DS discusses is about understanding orderflow as a mindset, anticipating what the big players will do with regards fundamentals and price. Supply and demand trading can be said to trap amateur traders simply because as price returns strongly into a level the amateaurs will jump in too late and price then goes against them and stops them out, which pushes price further in the pro's favour. Then the amateaurs get in on the tails of the pro's pushing price further in the pro's direction. Then when the pro's begin to take profits or go in the other direction at supply/demand the amateaurs get caught out once again etc. You do sometimes get some great trades when a supply or demand level is breached and then goes in the opposite direction which could be down to stop hunting alone rather than the impact of a stack of orders waiting.

Supply and demand trading is really about good old fashioned tape reading, you are observing the reaction of movement at a price level. If strong enough, when price returns you will get a reaction usually in the same direction. So its about order flow rather than the chart. The chart's just a tool.
  • #406
  • Jul 19, 2011 5:32pm Jul 19, 2011 5:32pm
some eu charts..
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  • #407
  • Jul 19, 2011 8:21pm Jul 19, 2011 8:21pm
Lol so much for keeping it simple. Way to much on those charts.
What is any ocean but a multitude of drops?
  • #408
  • Jul 20, 2011 6:00am Jul 20, 2011 6:00am
Here is UJ daily

The daily demand zone is unappealing to me because the risk is ridiculous, the zone is nearly 300 pips. The supply zone is much more attractive to my eye as risk is around 90 pips.

In addition to this the demand from the zone may have been removed, at least the orders towards the top of it, as price has already spiked it two times before killing the early bulls and going down further into the massive zone. There could well be strong buyers in there but in my opinion it's too messy, I'd rather go to greener pastures where risk is more defined
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  • #409
  • Jul 20, 2011 6:17am Jul 20, 2011 6:17am
Quoting Xhale12
Lol so much for keeping it simple. Way to much on those charts.
If you saw Kenny's equity curve, you'd pay alot of attention to what he's doing.

I mean, man that guy can trade
  • #410
  • Jul 20, 2011 6:43am Jul 20, 2011 6:43am
Kenny, forgive him, for he knows not what he says.



Quoting Xhale12
Lol so much for keeping it simple. Way to much on those charts.
Hello.
  • #411
  • Jul 20, 2011 10:20am Jul 20, 2011 10:20am
When trading supply/demand areas, and let's say I am trading off the 15 min chart, which timeframes supply/demand areas are more critical to watch? larger, ie, M30, 1hr or smaller?
  • #412
  • Jul 20, 2011 10:36am Jul 20, 2011 10:36am
Quoting E-Money
When trading supply/demand areas, and let's say I am trading off the 15 min chart, which timeframes supply/demand areas are more critical to watch? larger, ie, M30, 1hr or smaller?
The higher the tf, the better. If price is travelling from S to D or vice-versa in an HTF, you can get a sense of which direction you want to trade in lower TFs.

If you can find a LTF level within a HTF level, you're looking good too
  • #413
  • Jul 20, 2011 5:28pm Jul 20, 2011 5:28pm
I did not mean to insult kenny. It is just that his charts look much more complex than other's who use supply and demand. Why use anything other than just basic support and resistance zones?
What is any ocean but a multitude of drops?
  • #414
  • Jul 21, 2011 2:58pm Jul 21, 2011 2:58pm
Quoting Xhale12
I did not mean to insult kenny. It is just that his charts look much more complex than other's who use supply and demand. Why use anything other than just basic support and resistance zones?

Attached Image
  • #415
  • Jul 21, 2011 3:19pm Jul 21, 2011 3:19pm
Quoting Xhale12
I did not mean to insult kenny. It is just that his charts look much more complex than other's who use supply and demand. Why use anything other than just basic support and resistance zones?
We also use other indicators, trendlines, etc for confluence! When they all line up it is a no brainer.

Example on EU today -

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Orbital uses pitchforks, I also use Fibs, but they are all confluences. Kenny has his indicators that he likes. We are all different on how our charts look and what is pleasing to our eyes.

Let's see what your charts look like, or used to look like. Probably like the ones in PorkPie's fantastic thread - http://www.forexfactory.com/showthread.php?t=185027

  • #416
  • Jul 21, 2011 4:16pm Jul 21, 2011 4:16pm
I use pitchforks as well. I was just making an observation. No intention of insulting anyone. Relax.
What is any ocean but a multitude of drops?
  • #417
  • Jul 21, 2011 6:08pm Jul 21, 2011 6:08pm
Quoting Xhale12
I use pitchforks as well. I was just making an observation. No intention of insulting anyone. Relax.
No worries. Everyone had their own preference on how their charts look and I think Kenny's charts are quite clear and informative. My preference is for a light background rather than dark, but everyone is entitled to their own colour scheme.

If you want to see charts with way too much information on them almost to the point where you can't actually see the price, you should visit this thread - http://www.forexfactory.com/showthread.php?t=185027
  • #418
  • Jul 21, 2011 6:26pm Jul 21, 2011 6:26pm
W's pattern seems to work on this occasion fairly decent...

i mainly scalp.. means quick trades, not 2-3 pips..

beside basic supply and demand, i need to take into account other things during entries and trade management..

lastly, my trading charts do not have W's etc. on them...

have many good ones............

Quoting KennyZ
some eu charts..
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  • #419
  • Jul 21, 2011 8:45pm Jul 21, 2011 8:45pm
Quoting KennyZ
W's pattern seems to work on this occasion fairly decent...

i mainly scalp.. means quick trades, not 2-3 pips..

beside basic supply and demand, i need to take into account other things during entries and trade management..

lastly, my trading charts do not have W's etc. on them...

have many good ones............
Whats really interessting about that chart ken is the tripple W formation, Picture on the weekly is interessting...
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  • #420
  • Jul 21, 2011 9:19pm Jul 21, 2011 9:19pm
Quoting Orbital
Whats really interessting about that chart ken is the tripple W formation, Picture on the weekly is interessting...
Attachment
Hey man... I've been looking through all of your charts today. Great stuff. Just wanted to say thank you.
What is any ocean but a multitude of drops?
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