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  • #161
  • Aug 29, 2011 8:24pm Aug 29, 2011 8:24pm
I was late at live exercise ....I would say that 1 minutes are not so great for risk and reward at this entry . I would suggest to enter on a m5 where we have alteast 1:2 risk:reward ...
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #162
  • Aug 29, 2011 10:52pm Aug 29, 2011 10:52pm
Kenny said in Romancing the Price thread:

a big institution has been been building positions on the long side.. now they need to liquidate their positions but price turned against them.. where they exit?

http://www.forexfactory.com/attachme...1&d=1314524936 (http://www.forexfactory.com/attachment.php?attachmentid=772993&d=1314524936)

obvious answer is to wait for the price to hit supply but what about if price continues dropping.. would they be waiting for the price hit their stop.. would they exit here.. or start praying.. or....


If an institution was selling they would need to sell into demand, so as to not drop the price before they had a chance to sell much. They would sell when there are plenty of buyers, at the demand level, creating one of Red's fluster cucks

Given they had not had time to sell all before price dropped, when price returned to the cluster it would wick and drop as the institutions quickly sold more. It would create one of Red's clasic trades.

My response is into "big institution" who need a lot of somebodies on the other side of the trade. I doubt they would sell into supply or use stops.
Good Trading
  • #163
  • Aug 30, 2011 12:51am Aug 30, 2011 12:51am
im so angry. i had a pending order to buy at the TL/FIB confluence that shared the same area as a demand zone. Order did not fill at all.....ended up getting in a bit late...
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  • #164
  • Aug 30, 2011 1:51am Aug 30, 2011 1:51am
Quoting biDc
im so angry. i had a pending order to buy at the TL/FIB confluence that shared the same area as a demand zone. Order did not fill at all.....ended up getting in a bit late...
i didn't like the speed of the drop so i moved stop closer to entry to minimize risk and stopped out. and a good thing too! loss was a lot less than what it was going to be.

currently in another trade. this is a no brainer. even though the price was coming down rapidly, i took a look at previous area where price rallied from and there is definitely demand here! at the same time area is confluence with BRN 111 and PPZ
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  • #165
  • Aug 30, 2011 3:11am Aug 30, 2011 3:11am
Ok you guys, firstly thanks for your hard work on here, RTP, PIE and rtp505. This way of looking at S/D has held my attention for long enough now. I think it's time I made my mind up whether it's worth while or just another load of rubbish. Unfortunately for me, I'm an independant kind of bloke who won't take other peoples word for it. So the only way I can make a descision is to learn what you're doing first.

With that in mind, I'm about to make a start on the learning curve and politely ask for your help. Just to be clear, I'm a VSA trader and I'm very happy with that. I'm looking for ways to improve my trading and PIE looks like it can help. I will be careful not to bomb your threads with VSA stuff.

So to start, Can you suggest a 'learning order' for the stuff on 505 please otherwise I will simply muddle my way through it. A couple of things I'd like to know which are really bugging me (I know I'll find them in the natural course of things but these are annoying me at the moment and I need to know), is there a list/pdf of ALL of the abbreviations used and, where do I find out where you guys are drawing your S/D boxes. By that I dont mean generally where on the chart, I mean once you've identified the area an supply, how do you decide where the box goes exactly to the pip?

Thanks in advance for any help you guys give.
  • #166
  • Aug 30, 2011 5:25am Aug 30, 2011 5:25am
to draw the box i use the candle close and the extreme (the pin)

im talking about the candle before the momentum bar (the last rally) for a supply zone

or the last drop before i mark the demand zone.
  • #167
  • Aug 30, 2011 5:38am Aug 30, 2011 5:38am
Quoting Intel
Ok you guys, firstly thanks for your hard work on here, RTP, PIE and rtp505. This way of looking at S/D has held my attention for long enough now. I think it's time I made my mind up whether it's worth while or just another load of rubbish. Unfortunately for me, I'm an independant kind of bloke who won't take other peoples word for it. So the only way I can make a descision is to learn what you're doing first.

With that in mind, I'm about to make a start on the learning curve and politely ask for your help. Just to be clear, I'm a VSA trader...
Hey Intel,

The way i learned when i started out on PIE was ive read the first 300-400 pages and looked at all the charts. You really dont need to go beyond that since most core material is there, page 400 to about page 1000 really is just more indepth stuff including harmonics and ratios etc.

I'd recommend you start getting the PDF from kens romtp505 google thingy. There are a lot of charts from red, emene, kenny and ifmyante in there where you will see lots of marked boxes, take a look at the boxes and how they were drawn.
The nice thing about the PDF is that it has a LOT of reds posts in there outlining why demand is demand and why supply is supply. Additionally i REALLY REALLY REALLY strongly recommend the sam seiden videos which ken and emene should have linked in there (on romtp page 1) somewhere because sam seiden videos explain the concept in a manner im probably incapable of doing.

regarding your question about where boxes go to the pip i will tell you that the more inexperienced you are the thicker your boxes will become ultimately since it usually comes down to understanding what the candle represents (single file and in sequence with preceeding and followup candles). There is no substitute for learning by doing and having actual chart hours behind you.

So what i recommend is: get the PDF read all of it and look where boxes were drawn, and then try repeating that for yourself, it should only take you about 3-4 weeks time to get really good it if youre a fast learner. I STRONGLY urge you to not use the indicator in kens thread because you will be butthurt lateron if you cant draw them for yourself and dont understand why they are placed there.

Im going to enjoy my lunchbreak now, that post on ROMTP really took a chunk of energy out of me.
  • #168
  • Aug 30, 2011 6:05am Aug 30, 2011 6:05am
Quoting Orbital
Trade example illustrating planning beforehand, analysis of structure and PA, making decisions for a swingtrade by analysing structure on alternating timeframes. Illustrating how i suspected that the first H1 zone is not going to hold and some more details, Have fun, remaining questions can be posted into chatroom thread.

Quick Edit: Switches to the smaller timeframes and alternating are ordered CHRONOLOGICALLY

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Seriously excellent post.

You've lessened your input lately, and it's easy to see why.

But what you do post are masterclasses.

Bravo mate!
  • #169
  • Aug 30, 2011 8:38am Aug 30, 2011 8:38am
My play
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  • #170
  • Aug 30, 2011 9:37am Aug 30, 2011 9:37am
Took this today morning and still its running for the target below 326
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #171
  • Aug 30, 2011 10:14am Aug 30, 2011 10:14am
Quoting Intel
how do you decide where the box goes exactly to the pip?

Thanks in advance for any help you guys give.
The outer boundary goes at the extreme, in this case the low. The inner boundary goes at the open/close of the consolidation of the candle bodies (in this case the close of the first green candle). Make sure that the move is evident on higher time frames.

For example this is GU M15, the move from the level is evident on H1 and H4, but to get a level that looks good to my eye I have to drop down to the M15 to draw it.
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  • #172
  • Aug 30, 2011 11:57am Aug 30, 2011 11:57am
Quoting Ifmyante


Seriously excellent post.

You've lessened your input lately, and it's easy to see why.

But what you do post are masterclasses.

Bravo mate!
Wow! Agree, amazing analysis/read.

Thank you
Charts are limited in nature. What is the relative location?
  • #173
  • Aug 30, 2011 1:36pm Aug 30, 2011 1:36pm
OK I've been playing around with m5 now for about 4 weeks, only a short space of time but I am doing much better than I ever did watching h1/h4 levels, plus more trades = faster learning.

What I'm finding is, on m5 I tend to do better if I trade purely within m5 supply and demand zones and think less about the higher time frames. I tend to get burned when I think price is hitting a big zone, then I jump on an engulfing only to see the trend continue down and blast through the level. If I ignore the HTF levels, I would just ride the trend until an m5 supply zone is breached, then either take the breakout or wait for the first pullback.

Kenny, am I on the right wave length, is this how you are able to trade so many things at once? Do we just need to look at the immediate supply and demand zones thus only needing a little square chart window? Any input from other m5 traders would be much appreciated, thanks.

I suppose an awareness of HTF zones is all that is required to assist with targets and knowing when levels will be breached?
  • #174
  • Aug 30, 2011 2:37pm Aug 30, 2011 2:37pm
Compression on supply zone...
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  • #175
  • Aug 30, 2011 2:51pm Aug 30, 2011 2:51pm
Quoting Intel
Wow, keep your self safe Mike.

Mind you, some might say you should expect dodgy things to happen when you live in a place (fairborn, dayton) which is an anagram of 'abandon & torrify' and on top of that, you live on SALEM avenue

It only adds fuel to the fire when you choose your nick name 'frankkn' and add it to your name 'michael'. This is an anagram of:

chank flame kin

which is olde english for:

eat your cooked reletives



Oh man hahahahaha

Classic
  • #176
  • Aug 30, 2011 3:00pm Aug 30, 2011 3:00pm
Here are a couple trades that were taken at break even
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  • #177
  • Aug 30, 2011 3:02pm Aug 30, 2011 3:02pm
Sold on M5 beaarish engulfing
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  • #178
  • Aug 30, 2011 3:12pm Aug 30, 2011 3:12pm
Quoting xman
Sold on M5 beaarish engulfing

closed 2/3...1.06861
rest on BE
  • #179
  • Edited 9:26pm Aug 30, 2011 4:08pm | Edited 9:26pm
Here is more on how I draw zones. I would definitely take note of the wick above the supply. I generally keep my stop around 10 pips outside of the zone.

Edit:

Entered at the lower level on the M30, looking for 1:3 r:r. Gonna move my stop to BE now because I have to go to bed as I've got work early in the morning.
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  • #180
  • Aug 30, 2011 5:23pm Aug 30, 2011 5:23pm
Quoting Ifmyante


Seriously excellent post.

You've lessened your input lately, and it's easy to see why.

But what you do post are masterclasses.

Bravo mate!
I agree. Absolutely amazing post! Moar please
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