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Romancing the Price

  • #581
  • Aug 9, 2011 7:30pm Aug 9, 2011 7:30pm
Conflicting signals re direction, I know what I'd do.
Good Trading
  • #582
  • Aug 9, 2011 7:36pm Aug 9, 2011 7:36pm
couple more fomc trades
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  • #583
  • Aug 9, 2011 7:44pm Aug 9, 2011 7:44pm
after closing previous gold short, i shorted it on bear flag again.. then bought on demand..

closed with:
328 p on short
332 p on long
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  • #584
  • Aug 9, 2011 8:05pm Aug 9, 2011 8:05pm
while i was running 1 long on s&p i was also scalping it.. s&p and dow indexes was almost giving free pips all day..

latest scalps on small chart closed with 585 s&p pips in total..

and the main one closed with 985 s&p pips..
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  • #585
  • Aug 9, 2011 8:18pm Aug 9, 2011 8:18pm
same story with dow index.. unfortunately there is no capture for scalps..

dow long closed with 822 dow pips..

i did some scalping with dax too but due to opening times of dax my star dxs were s&p and dow..

dax trades closed for total of 315 dax pips..
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  • #586
  • Aug 9, 2011 8:51pm Aug 9, 2011 8:51pm
had a good fun with crude too

main longs closed with 1247 p. in total..

then subsequent 4 longs closed with 824 p. in total..

also took minus 58 p. loss on crude.. one didn't work..
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  • #587
  • Aug 9, 2011 9:12pm Aug 9, 2011 9:12pm
some more trades from the busy trading day..

need to hit the bunker for few hours..

trade safe..

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

ken.
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  • #588
  • Aug 9, 2011 11:43pm Aug 9, 2011 11:43pm
Quoting KennyZ
had a good fun with crude too

main longs closed with 1247 p. in total..

then subsequent 4 longs closed with 824 p. in total..

also took minus 58 p. loss on crude.. one didn't work..

Keny, congratulations! Two questions if I may:

1 - were the crude scalps initiated by engulfings?
2 - you don't draw s/d levels in your charts?

Thank you!

Les_Paul
  • #589
  • Aug 10, 2011 3:09am Aug 10, 2011 3:09am
thx...

1. yes but also see the daily chart.. stacked demand clusters
2. i usually don't draw levels on smaller time frames lately as they are clear enough to see for me..

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


Quoting Les_Paul
Keny, congratulations! Two questions if I may:

1 - were the crude scalps initiated by engulfings?
2 - you don't draw s/d levels in your charts?

Thank you!

Les_Paul
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  • #590
  • Aug 10, 2011 6:38am Aug 10, 2011 6:38am
great trading Kenny. I have a few questions if you don't mind...

How you keep on top of all those instruments? Do you just keep scanning across all the charts or have them all in view at once?

I notice sometimes you use m15 and sometimes m5, how do you know when to use each?

Do you look at higher time frames to know where the more important supply and demand areas are? Or can you see it all on m5/m15?


Thanks
  • #591
  • Aug 10, 2011 7:19am Aug 10, 2011 7:19am
Quoting KennyZ
thx...

1. yes but also see the daily chart.. stacked demand clusters
2. i usually don't draw levels on smaller time frames lately as they are clear enough to see for me..

have many good ones.............
Legendary stuff Kenny
  • #592
  • Aug 10, 2011 7:22am Aug 10, 2011 7:22am
Looking forward for the answers ..



Quoting mangalesh
Hello ,

Am making good pips yesterday and day before yesterday . I would lik to know one thing . When price is also a weekly supply zone as well as price is a 4 hour zone of demand , what should i look for ? Short or long ? As to me it looks lik we can trade up and down since it looks lik it can range . Any ways eagerly waiting for your suggestion . .

Thanks
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #593
  • Aug 10, 2011 7:46am Aug 10, 2011 7:46am
Quoting mangalesh
Looking forward for the answers ..
Doh! You didn't take in anything I said to you before did you. The brick in sponge analogy I used, remember?? Now get a brick and head butt it as hard as you can so you don't forget
  • #594
  • Aug 10, 2011 9:08am Aug 10, 2011 9:08am
Quoting Porkpie
Legendary stuff Kenny
Indeed, WTG Kenny, thanks for posting, your charts are worth a thousand words.....
  • #595
  • Aug 10, 2011 9:16am Aug 10, 2011 9:16am
Dear i understand buddy but the thing is that zone is at 4hr supply level as well as daily demand zone . Then me waht should i do ? look for long or short?

thanks



Quoting Porkpie
Doh! You didn't take in anything I said to you before did you. The brick in sponge analogy I used, remember?? Now get a brick and head butt it as hard as you can so you don't forget
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #596
  • Aug 10, 2011 11:28am Aug 10, 2011 11:28am
Quoting mangalesh
Dear i understand buddy but the thing is that zone is at 4hr supply level as well as daily demand zone . Then me waht should i do ? look for long or short?

thanks
Have a beer and wait for a high probablility trade once the conflict zone has been cleared
  • #597
  • Aug 10, 2011 11:37am Aug 10, 2011 11:37am
Quoting mangalesh
Dear i understand buddy but the thing is that zone is at 4hr supply level as well as daily demand zone . Then me waht should i do ? look for long or short?

thanks
The higher time frame is the stronger level, always. But like I said, depending on your trigger time frame you often still have room within the Daily. Price does not always react to the daily it also acts to smaller tf levels within it. But if you are trading off the H4 into a Daily, thats not a good idea.
  • #598
  • Aug 10, 2011 11:52am Aug 10, 2011 11:52am
Gosh I'd love to have your patience. I also want to have a special thought for If on that matter.

Quoting Porkpie
The higher time frame is the stronger level, always. But like I said, depending on your trigger time frame you often still have room within the Daily. Price does not always react to the daily it also acts to smaller tf levels within it. But if you are trading off the H4 into a Daily, thats not a good idea.
Hello.
  • #599
  • Aug 10, 2011 2:35pm Aug 10, 2011 2:35pm
Don't know if I'm doing this right. We'll see how it turns out...

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  • #600
  • Aug 10, 2011 3:02pm Aug 10, 2011 3:02pm
thx Porkpie..

let me THANK YOU on behalf of those folks having questions.. i'm sure your kind and free help appreciated by them immensely..

Quoting Porkpie
Legendary stuff Kenny
------------------------------

i have two screen for my charts and each screen display 8 small charts on view at all times..

sure i switch time frames when there is a need.. when u don't see what u looking for with magnifying class what u do? stand back and look to see possible spots may have what u looking for.. may be under the sofa, behind the cabinet and so on.. then you go closer to those areas to check it out..

once you get a better understanding of sup & dem pa, general market sentiment, you won't need to ask such questions.. so, study charts and most importantly try to find answers and implementations on live charts by yourself with a lot of screen time..

Quoting Ultimatus
great trading Kenny. I have a few questions if you don't mind...

How you keep on top of all those instruments? Do you just keep scanning across all the charts or have them all in view at once?

I notice sometimes you use m15 and sometimes m5, how do you know when to use each?

Do you look at higher time frames to know where the more important supply and demand areas are? Or can you see it all on m5/m15?


Thanks
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