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  • #161
  • Aug 31, 2011 3:39pm Aug 31, 2011 3:39pm
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Quoting rocky
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  • #162
  • Aug 31, 2011 5:12pm Aug 31, 2011 5:12pm
Here is an excuse from a thread starter who doesn't post any live trades. I post every trade before I make them and have no problem doing that. It would be very easy to post your live trades, you don't have to mark up your chart, just post it after you make it, Simple.
But he wont. He will feed you a lame excuse like the one you are about to read, put the guilt factor on you, so you wont challenge him, and he will never post any live trades. why wont he? Because his system will not work and all will realize that his system does not work once he post all his live trades. I challenge you thread starter to post all your trades for 2 weeks, as soon as you make them, and you know who you are...

Three or more times in the past I've posted a live trade chart and lost over 30 pips on each one after taking the time to mark up the chart for YOUR BENEFIT for learning purposes. Since I trade full lots it's cost me a lot of money ... lost just to show you A LIVE CHART. I quit doing it for that reason and you would have too.

Now if any of you would be willing to set up a bank account I could draw on any losses suffered to give you a live chart... $10 a pip ... I'd be glad to do that for you.

Really...
  • #163
  • Aug 31, 2011 6:27pm Aug 31, 2011 6:27pm
Quoting rocky
Here is an excuse from a thread starter who doesn't post any live trades. I post every trade before I make them and have no problem doing that. It would be very easy to post your live trades, you don't have to mark up your chart, just post it after you make it, Simple.
[size=4][font=Times New Roman][color=purple]But he wont. He will feed you a lame excuse like the one you are about to read, put the guilt factor on you, so you wont challenge him, and he will never post any live trades....
I don't think that this sort of challenge is in the spirit of FFF.
Here is a thought though:

Rocky, what if this person posted a chart. Then you helped him/her make any corrections to it using your methods. This would all be done on the thread. Then either one or both of you could trade the chart or not trade it based on best practice. We could all follow this or trade right along. I suggest a one time (maybe two) demonstration .

Win Win .
  • #164
  • Aug 31, 2011 6:49pm Aug 31, 2011 6:49pm
Quoting rocky
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I took that trade on AUS in at 1.0709 exited 10684 thanks for the +25 pips
Well done Rocky!
  • #165
  • Aug 31, 2011 8:57pm Aug 31, 2011 8:57pm
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  • #166
  • Aug 31, 2011 10:35pm Aug 31, 2011 10:35pm
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  • #167
  • Aug 31, 2011 10:46pm Aug 31, 2011 10:46pm
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  • #168
  • Sep 1, 2011 5:52am Sep 1, 2011 5:52am
Quoting gkw1018
Rocky how do you determine what your stop will be? Do you set your entry on the fib line that is confluent with a qualified zone?
Thanks!
Sorry, I didn't see a response to this question above and I was also interested in this part of your strategy.

Do you mind taking a minute and answering this?

This is the most intelligent thread that has shown up on FF in years...
Scarlett
  • #169
  • Sep 1, 2011 9:24am Sep 1, 2011 9:24am
Quoting Scarlett
Sorry, I didn't see a response to this question above and I was also interested in this part of your strategy.

Do you mind taking a minute and answering this?

This is the most intelligent thread that has shown up on FF in years...
Hi Scarlett, welcome to my thread, Thanks for joining. To answer your question check out the very first chart I posted. When I buy in a strong Demand zone I already know were I will take profit. It will be at the nearest Supply zone or resistant downsloping trend line. It's really consistant and profitable to take profit this way. PA might zig-zag a little on the way to your profit zone but let it run because there's a high degree of probability that it will get there. The only time I will take all my profit sooner is if I'm up over 200 Pips.

In my second post I even told the viewers right to the pip were I was going to take my profit right when the trade was entered. That's how strong these Supply/Demand Zones are.

I will be spending more time on my live trading and will not be posting as many charts but I'll try and stop by at least once a day, Thank You, Rocky...
  • #170
  • Sep 1, 2011 10:36am Sep 1, 2011 10:36am
Quoting rocky
[color=blue]Hi Scarlett, welcome to my thread, Thanks for joining. To answer your question check out the very first chart I posted. When I buy in a strong Demand zone I already know were I will take profit. It will be at the nearest Supply zone or resistant downsloping trend line. It's really consistant and profitable to take profit this way. PA might zig-zag a little on the way to your profit zone but let it run because there's a high degree of probability that it will get there. The only time I will take all my profit sooner is if I'm up over...
Rocky, thanks for the clarification about taking profit but the question that I think the poster Scarlet and I have is different than the answer you gave. Let me say first thank you for taking your time to post your charts and I really enjoyed this thread. I appreciate the fact that you post your trades well before the market reaches the area where you have placed your entry. You are right...98% of the people on here that post their trading strategy won't post their entries in advance (like you do) which ironically is the (sad but true) percentage of non-profitable traders.

I don't think I was precise in my post....my bad. So here is the question again.
Do you have a formula on where you set your stop loss beyond your s/d zone? I have noticed that Forex spikes past perfectly good supply and demand zones and then turns in your favor as expected. If a stop loss is too tight it will take you out at your stop. I noticed that where you mark your stop on the demo you give it plenty of room and you rarely get stopped out. Is it 1:1 of the zone?, or perhaps the bottom + so many pips if a demand zone or top of supply zone + so many pips......I know you said somewhere in this thread that Futures trading does not have the spreads because it is regulated and centralized so trading Futures with this method is probably the wiser choice. In other words, in Futures there is probably less spiking through supply and demand zones. I am sure in Forex this spiking through zones happens due to the nature of the non centralized market "e.g." the Forex market. (brokers and their spreads)

The next question was do you place your entry within the supply or demand zone on the fib line that is confluent with the zone? ....and if the zone has two fibs or fib extensions do you place your trade entry on the most conservative entry (because it will have less risk) of the two. That is what it looks like in your screenshots of the charts you have posted.

Thank you so much in advance if you get the time to clarify these two questions I have!
  • #171
  • Sep 1, 2011 2:06pm Sep 1, 2011 2:06pm
Quoting gkw1018
Rocky, thanks for the clarification about taking profit but the question that I think the poster Scarlet and I have is different than the answer you gave. Let me say first thank you for taking your time to post your charts and I really enjoyed this thread. I appreciate the fact that you post your trades well before the market reaches the area where you have placed your entry. You are right...98% of the people on here that post their trading strategy won't post their entries in advance (like you do) which ironically is the (sad but true) percentage...
gkw1018, Thanks for viewing my thread, I'll try and get back to you tonight with an answer to your question, Rocky
  • #172
  • Sep 1, 2011 2:07pm Sep 1, 2011 2:07pm
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  • #173
  • Sep 1, 2011 4:06pm Sep 1, 2011 4:06pm
http://www.forexfactory.com/attachme...1&d=1314848786 (http://www.forexfactory.com/attachment.php?attachmentid=775868&d=1314848786)
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  • #174
  • Sep 1, 2011 4:46pm Sep 1, 2011 4:46pm
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  • #175
  • Sep 1, 2011 5:15pm Sep 1, 2011 5:15pm
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  • #176
  • Sep 1, 2011 5:55pm Sep 1, 2011 5:55pm
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  • #177
  • Sep 1, 2011 8:32pm Sep 1, 2011 8:32pm
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  • #178
  • Sep 2, 2011 2:19am Sep 2, 2011 2:19am
Rocky you rockssss!!!!!

I hope one day i will trade like u but even if i watch lot of videos about sam seiden, it's very hard for me to know where are the supply and demand zones!
Thanks for this pips!
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  • #179
  • Sep 2, 2011 7:27am Sep 2, 2011 7:27am
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  • #180
  • Sep 2, 2011 7:41am Sep 2, 2011 7:41am
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