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Romancing the Price

  • #621
  • Aug 13, 2011 2:09am Aug 13, 2011 2:09am
Hey Guys,

Thanks a lot for your generous sharing KennyZ, Porkpie and others, I've been trading with SnD for a few months now and it's really coming together.

Thanks to Verb for telling us about this very helpful indi, in case you missed it - it's a good one!
http://www.forexfactory.com/showthre...12#post4718612

I'd like to share with you something that I've found to be very helpful and complementary, this concept of "gaps" which could also be termed "spike bars".

Just like how some people will trade the weekend gap in forex (looking for it to fill), when you see a big candle that can also be termed "a gap" and very often these will get filled. I often use them for price targets. In the attached pic you can see that I entered in a demand area, took a bit off as a scalp and then hung onto the rest targeting the "gap fill".

This is a great resource:
http://www.nobrainertrades.com/2011/...-removals.html

Enjoy!
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  • #622
  • Aug 13, 2011 5:24am Aug 13, 2011 5:24am
Quoting happyhappy
Hey Guys,

Thanks a lot for your generous sharing KennyZ, Porkpie and others, I've been trading with SnD for a few months now and it's really coming together.

Thanks to Verb for telling us about this very helpful indi, in case you missed it - it's a good one!
http://www.forexfactory.com/showthre...12#post4718612

I'd like to share with you something that I've found to be very helpful and complementary, this concept of "gaps" which could also be termed "spike bars".

Just like how some people will trade the weekend...
There is a whole trading methodology about this called 'wide range body analysis'. You can find details over at the strategy lab. It's something I have been using for a long time. It's worth a look.

You have to pay for some of his teachings so I want to say that I have no affiliation to the site whatsoever.
  • #623
  • Aug 13, 2011 2:48pm Aug 13, 2011 2:48pm
Quoting Intel
There is a whole trading methodology about this called 'wide range body analysis'. You can find details over at the strategy lab. It's something I have been using for a long time. It's worth a look.

You have to pay for some of his teachings so I want to say that I have no affiliation to the site whatsoever.
Looks like Intel beat me to it. BTW, Intel, I am a bit mad that you did not tell me before. We could have been discussing WRB Analysis all this time. PM me.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #624
  • Aug 13, 2011 3:45pm Aug 13, 2011 3:45pm
some trades from friday..

not putting much of explanation as to why, where, how and so on.. check them out on your bigger charts.. check left, price structure and market sentiment on higher time frames as well as lower tfs..

i'm a firm bliever of "TRADING IS NOT TAUGHT BUT LEARNED".. yep i know about turtles but keep in mind they have given a system and told to follow system rules like machines with bit of a human input..

sorry about my small charts.. i can maximum watch two screens (with 16 instrument displayed at all times) at same time while scalping.. that's how i fit them on..
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  • #625
  • Aug 13, 2011 4:42pm Aug 13, 2011 4:42pm
My sensibilities are a bit different than Sam's and many other traders here. For me, Supply/Demand zones are not trade signals. Therefore, I can not simply put a limit order in as price approaches a Supply/Demand Delta Zone. I need to see a trade signal in the Zone. These signals are independent of the zone and are given more weight because they are appearing in/on a Zone.

Anyway, here is a nice trade from Friday. The first chat shows the trade and resulting price action. The second and third charts show the same Zone at earlier times in the day. A trader with Sam's sensibility would have had a field day......
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #626
  • Aug 13, 2011 5:36pm Aug 13, 2011 5:36pm
Quoting HiddenGap
Looks like Intel beat me to it. BTW, Intel, I am a bit mad that you did not tell me before. We could have been discussing WRB Analysis all this time. PM me.
Hey HG, good to hear from you. I have only been using the gap as a place to look for setups. Much as you described earlier. Gap+S/R+Trend direction+VSA = uber powerful trade, as well you know
  • #627
  • Aug 13, 2011 6:18pm Aug 13, 2011 6:18pm
Quoting Intel
There is a whole trading methodology about this called 'wide range body analysis'. You can find details over at the strategy lab. It's something I have been using for a long time. It's worth a look.

You have to pay for some of his teachings so I want to say that I have no affiliation to the site whatsoever.
Is it possible to point me in the direction where I can read about Wide Range Analysis without having to pay for it.

The concept looks interesting.

Thanks a lot for telling us a bit about it.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #628
  • Aug 13, 2011 8:59pm Aug 13, 2011 8:59pm
I'm super glad to see my VSA pals HG and Intel in here, they have lots to share.

This thread is the best.

Also, happyhappy posted a great link to a BRV video in case anyone missed it.

I'll be posting mostly on Tuesdays and Thursdays after New York/London, see everyone in the coming week.
  • #629
  • Aug 13, 2011 10:57pm Aug 13, 2011 10:57pm
Quoting KennyZ
some trades from friday..

not putting much of explanation as to why, where, how and so on.. check them out on your bigger charts.. check left, price structure and market sentiment on higher time frames as well as lower tfs..

i'm a firm bliever of "TRADING IS NOT TAUGHT BUT LEARNED".. yep i know about turtles but keep in mind they have given a system and told to follow system rules like machines with bit of a human input..

sorry about my small charts.. i can maximum watch two screens (with 16 instrument displayed at all times) at same...
Hi KennyZ, which broke do you use to have so many instruments?

Thanks
  • #630
  • Aug 14, 2011 2:34am Aug 14, 2011 2:34am
Quoting Rufus
Is it possible to point me in the direction where I can read about Wide Range Analysis without having to pay for it.

The concept looks interesting.

Thanks a lot for telling us a bit about it.

Rufus
Not really mate. You see Mark Perry, the owner of The Strategy Lab, developed WRB himself. It is not something he has found 'somewhere on the net'. So the only place you can find it in any detail is there.

However, there is quite a bit you can learn over there without paying.

As a side note tho I can tell you this, if you're lucky enough to have HG frequent this thread regularly and you are prepared to learn, you guys are about to become much better traders

Hi Mike, hope things are well.
  • #631
  • Aug 14, 2011 4:08am Aug 14, 2011 4:08am
Hey Rufus,

It's nothing else than what Chris Lori calls price inconsistencies. Just have a look to his free material, there is a great vid about this. No need for anything else about that matter, really, with all due respect to my fellow traders As mentioned somewhere, also have a look at http://www.nobrainertrades.com/, as there are some interesting elements. I shared all this in the my first posts on PIE, if you can find them, there were some interesting charts if I recall correctly. From Red's POV, the wide bars are poles and the filling of this gap is the flag. All the same.

And just to clarify something, I need to remind to people that most of us do not use the SD levels as signals, just opportunities, and we use PA as a trigger when in the zone.

PRICE THINK AHEAD OF TIME. LET IT TELL US WHERE IS IT GOING.



Quoting Rufus
Is it possible to point me in the direction where I can read about Wide Range Analysis without having to pay for it.

The concept looks interesting.

Thanks a lot for telling us a bit about it.

Rufus
Hello.
  • #632
  • Aug 14, 2011 4:42am Aug 14, 2011 4:42am
Quoting emene

And just to clarify something, I need to remind to people that most of us do not use the SD levels as signals, just opportunities, and we use PA as a trigger when in the zone.

PRICE THINK AHEAD OF TIME. LET IT TELL US WHERE IS IT GOING.
I'm glad you cleared that up, M.

Hats off to all those who profit from limit orders, but that's not what's taught here.

Zone is vital, but Price is Everything!
  • #633
  • Aug 14, 2011 6:12am Aug 14, 2011 6:12am
Quoting emene
....
PRICE THINK AHEAD OF TIME. LET IT TELL US WHERE IS IT GOING.
you mean bit like reading tomorrows newspapers today!!!

holly cow.. or was it holly grail..

saying that, learning never ends.. i'm sure we can learn a lot from HiddenGap, Intel, frankkn and many others..

we love you all.. St. Ifmyante can express this much better than me..
  • #634
  • Aug 14, 2011 6:45am Aug 14, 2011 6:45am
Quoting emene
Hey Rufus,

It's nothing else than what Chris Lori calls price inconsistencies. Just have a look to his free material, there is a great vid about this. No need for anything else about that matter, really, with all due respect to my fellow traders As mentioned somewhere, also have a look at http://www.nobrainertrades.com/, as there are some interesting elements. I shared all this in the my first posts on PIE, if you can find them, there were some interesting charts if I recall correctly. From Red's POV, the wide bars are poles and...
Thanks emene, they do seem to be talking about similar things, tho I think they approach them differently.

All good stuff!
  • #635
  • Aug 14, 2011 6:49am Aug 14, 2011 6:49am
Cool then, I was hoping you did not take my few words in the bad way !

As Kenny said, only love <3

Quoting Intel
Thanks emene, they do seem to be talking about similar things, tho I think they approach them differently.

All good stuff!
Hello.
  • #636
  • Aug 14, 2011 7:38am Aug 14, 2011 7:38am
Quoting emene
Cool then, I was hoping you did not take my few words in the bad way !

As Kenny said, only love <3
LOL Why, were you having a dig at me? If you were, you'll have to be a little less subtle if you want me to react to it.
  • #637
  • Edited 8:22am Aug 14, 2011 8:07am | Edited 8:22am
Quoting Rufus
Is it possible to point me in the direction where I can read about Wide Range Analysis without having to pay for it.

The concept looks interesting.

Thanks a lot for telling us a bit about it.

Rufus
Chapters 1, 2 and 3 are free +30 days of free support and you can download the Word document from the following thread -
http://www.thestrategylab.com/tsl/fo...hp?f=119&t=718

You have to pay for the remaining chapters (4-12) that explain the concept in more detail and also has trading strategies based around these concepts. I have not paid for the additional chapters and I don't know the additional cost, so maybe HG could let us know.

I do recommend reading the free stuff because it introduces interesting concepts on WRB Hidden Gaps and well worth the read!

I know, I know... Intel and HG put in plenty of clues in their posts to find this document, but I am happy to plug it and put the actual link to this document in my post. As stated, I am not affiliated with The Strategy Lab whatsoever, nor have I paid for the remaining chapters. Some people still can't find shit using Google unless you give them the actual link!

Sorry J... I hope I haven't caused offence because I know you are smarter than the average bear!
  • #638
  • Aug 14, 2011 8:49am Aug 14, 2011 8:49am
Quoting emene
Hey Rufus,

It's nothing else than what Chris Lori calls price inconsistencies. Just have a look to his free material, there is a great vid about this. No need for anything else about that matter, really, with all due respect to my fellow traders As mentioned somewhere, also have a look at http://www.nobrainertrades.com/, as there are some interesting elements. I shared all this in the my first posts on PIE, if you can find them, there were some interesting charts if I recall correctly. From Red's POV, the wide bars are poles and...
Thanks to Emene and Franknn for the link to an excellent web site containing lots of free videos and discussess the various types of gaps that HG has been going on about.

Bookmark these links people! Read, re-read, understand, apply, analyse, re-apply, analyse, form the basis of your trading rules, apply, analyse, re-apply, analyse, tweek your trading rules, ad nauseam until you reach a consistent profitable way of trading.

Only YOU can do this. People have been kind enough to provide you with ALL the information that you need to trade successfully. Now go away and study before you ask questions!

No question is a dumb question. Dumb questions are only questions where the answer has already been provided and it is clear that the person asking the question hasn't put the time in to find out the answer to that question in the first place!
  • #639
  • Aug 14, 2011 9:44am Aug 14, 2011 9:44am
Quoting paperchaser
Any of you guys use pivot points as an odds enhancer for S/D levels?

By that I mean the pivot points reside close to the S/D level.

I have heard it has been preached by the OTA instructors.
There is only one OTA instructor in the UK, Steve, who uses pivot points. All other OTA instructors focus on the basic principles of supply and demand as per Sam Seiden's direction. After all, he is the director of education at OTA. Each instructor will have their own take on it as well and use different analysis tools as confluences. So no, you heard wrong! Where did you get this info from?
  • #640
  • Aug 14, 2011 12:19pm Aug 14, 2011 12:19pm
Quoting bbakker
There is only one OTA instructor in the UK, Steve, who uses pivot points. All other OTA instructors focus on the basic principles of supply and demand as per Sam Seiden's direction. After all, he is the director of education at OTA. Each instructor will have their own take on it as well and use different analysis tools as confluences. So no, you heard wrong! Where did you get this info from?

I have had an OTA instructor talk about pivot points, but not as an "Odds enhancer" as Sam Seidon uses. It was presented more along the lines as a confluence of information to take note of. bbaker is right about each instructor having their own take on it. After all each person trades differently and it is up to us to find what we are comfortable with.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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