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Romancing the Price

  • #601
  • Edited 3:25pm Aug 10, 2011 3:07pm | Edited 3:25pm
Quoting emene
Gosh I'd love to have your patience. I also want to have a special thought for If on that matter.
Yes the more opinion the better, but without a chart to look at we always have to presume other factors at play regarding these levels Manga talks of, such as strength of the levels, the distance between the levels especially distance between smaller time frame levels within the daily for instance. I always work on a hierarchical basis with levels. The trend turns at higher time frame supply/demand to the trigger time frame most of the time.
  • #602
  • Edited Aug 11, 2011 4:02am Aug 10, 2011 3:11pm | Edited Aug 11, 2011 4:02am
Quoting KennyZ
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..
not at all Kenny
  • #603
  • Aug 10, 2011 4:07pm Aug 10, 2011 4:07pm
some details on charts..
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  • #604
  • Aug 10, 2011 4:32pm Aug 10, 2011 4:32pm
what u do when there is nothing other than empty air on the left.. wise thing to do is wait until you have some sort of reference points (sup&dem zones) establish..

well, i was playing with tl.. when i expanded them interesting geometry appeared beyond simple tri-angle, where price was reacting.. i call it northern star..

i have no idea of it's reliability.. used for the first time..
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  • #605
  • Aug 11, 2011 1:46pm Aug 11, 2011 1:46pm
Kenny, thanks so much for posting your charts, I am getting better and better just from looking at your trades!
  • #606
  • Aug 11, 2011 7:22pm Aug 11, 2011 7:22pm
"Closed with 115." Chicken
Good Trading
  • #607
  • Aug 11, 2011 7:42pm Aug 11, 2011 7:42pm
some trades from thursday...
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  • #608
  • Aug 11, 2011 10:16pm Aug 11, 2011 10:16pm
head and shoulder patern wer shd be the sl?
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #609
  • Aug 12, 2011 2:24am Aug 12, 2011 2:24am
Hi Kenny,

your chart is very colorful.
What are those circles and how to use it?
  • #610
  • Aug 12, 2011 4:22am Aug 12, 2011 4:22am
scalping never works for me am getting mental
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #611
  • Aug 12, 2011 5:54am Aug 12, 2011 5:54am
Quoting justht
Hi Kenny,

your chart is very colorful.
What are those circles and how to use it?
check first post, folk
  • #612
  • Aug 12, 2011 6:25am Aug 12, 2011 6:25am
Quoting KennyZ
some trades from thursday...
What higher time frames are you looking at kenney? Seems that you just trade the 5min or other time frames levels straight without higher time frame supply or demand, but just use trigger time frame pa?
  • #613
  • Aug 12, 2011 8:03am Aug 12, 2011 8:03am
almost 99% of the time i enter on m5.. however, when i need a reference for current pa structure, i check htfs up to and including daily..

i'm famous with premature evacuation on my exits, but lately i'm trying to hold some trades longer, like the one lower crude long below.. almost couple of days.. not long ago closed the upper one on closing the gap and hitting the supply..

Quoting Porkpie
What higher time frames are you looking at kenney? Seems that you just trade the 5min or other time frames levels straight without higher time frame supply or demand, but just use trigger time frame pa?
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  • #614
  • Aug 12, 2011 9:37am Aug 12, 2011 9:37am
have shorted au ? was it good entry ?

thanks
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #615
  • Aug 12, 2011 10:04am Aug 12, 2011 10:04am
Quoting mangalesh
have shorted au ? was it good entry ?

thanks

I look at it as a rising wedge, and wanted it a little higher. However with the dollar strength and weakening gold you will probably be ok.

The thing to remember is that what you see and what everyone else may see are two different things. I am always very careful in asking people opinions of a position.

A VERY good book about this and other things is "Reminiscences of a Stock Operator". It is about Jesse Livermore. His big mistakes happened when he let someone else influence him on a position. Or influence his thinking.

So anyway...Trade safe, I am off to work.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #616
  • Aug 12, 2011 10:07am Aug 12, 2011 10:07am
Quoting Rufus
I look at it as a rising wedge, and wanted it a little higher. However with the dollar strength and weakening gold you will probably be ok.

The thing to remember is that what you see and what everyone else may see are two different things. I am always very careful in asking people opinions of a position.

A VERY good book about this and other things is "Reminiscences of a Stock Operator". It is about Jesse Livermore. His big mistakes happened when he let someone else influence him on a position. Or influence his thinking.

So anyway...Trade...
I wanted to add something to this.

In the case of a Mentor. Would be the exception IMHO. There you are learning from one source not multiple opinions. Remember opinions are like A**Ho***. Everyone has one and most stink
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #617
  • Aug 12, 2011 11:38am Aug 12, 2011 11:38am
Quoting KennyZ
almost 99% of the time i enter on m5.. however, when i need a reference for current pa structure, i check htfs up to and including daily..

i'm famous with premature evacuation on my exits, but lately i'm trying to hold some trades longer, like the one lower crude long below.. almost couple of days.. not long ago closed the upper one on closing the gap and hitting the supply..
Hi Kenny, first off, thanks for your educational thread.

I hope to see more of your supply and demand levels of your trades. I can only see your trades, but not your S/D levels. sometimes it is hard to understand why you took some of the trades because no S/D level appeared.

Either case, keep up the good work.

Leelar
  • #618
  • Aug 12, 2011 2:37pm Aug 12, 2011 2:37pm
Quoting mangalesh
have shorted au ? was it good entry ?

thanks
The consolidation just before that level, that should be your first target so not good RR. A Couple of days ago price hit weekly demand hence the up move so not sure why you would want to short off a 4 hour chart so soon after weekly demand. If it works out you'll be just lucky, not something I would do for consistency and stacking the odds in your favour.
  • #619
  • Aug 12, 2011 2:42pm Aug 12, 2011 2:42pm
Interesting point. My advice, if I may, is precisely take the time to mark Kenny's level, and look on the left. It will help you get used to draw the levels, after searching them with your own eyes, on your own charts.

What I learned technically the past year about supply and demand levels is very valuable. But what gave me an edge is only screen time, hours ans hours of watching bars forming, one atfer another, on every timeframes. This is the key. This is how your guts will tell you if a level will hold or not PAwise.

Good luck to you, Many pips.

Quoting leelar
Hi Kenny, first off, thanks for your educational thread.

I hope to see more of your supply and demand levels of your trades. I can only see your trades, but not your S/D levels. sometimes it is hard to understand why you took some of the trades because no S/D level appeared.

Either case, keep up the good work.

Leelar
Hello.
  • #620
  • Aug 12, 2011 7:10pm Aug 12, 2011 7:10pm
Thanks for your words rufus and porkpie ..I am getting confidence day by day i spent with the charts . Am almost spending 8-9 hours with the charts daily nowadys . Thanks guys


I have confidence that i can make it to consistency . i made pips 100 - 200 pips last week on some trades ..Perhaps made around 500 pips last week by adding all pairs . Which i have not done in trading all these 3+ years . So all i have to do is to make consistent pips .


I would like to know weather i can just have USD pair and wer can i find that ..So that i can know while taking any pairs it would be helpfull for entry to know weather its on supply or demand ..

Thanks
Trading is all about probability, low risk/high reward ,buy low/sell high
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