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  • #361
  • Sep 11, 2011 3:34pm Sep 11, 2011 3:34pm
Quoting rocky
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nice setup, lets see how it goes.
  • #362
  • Sep 11, 2011 3:42pm Sep 11, 2011 3:42pm
Quoting mikepip
Rocky,
Regarding price action, and deciding to take profit & protect your trade - do you make this decision once you see price stall or start reversing on a shorter time frame?
Sometimes price will test the area a couple of times before taking off in the correct direction. Doesn't seem like you stick around that long to find out...
Mike
Hey Mikepip, With Ninja Trader we have whats called the ATM (Automated Trading Strategy) You can Pull it up on Youtube and search "Ninja Trader ATM". It places your stops, trailing stops at predetermined levels. I usually will take profit of 38 pips on my first lot no matter what, The ATM will automatically bring my SL on my other lots up 38 pips so if the trade goes against me I breakeven. There is a lot more to it than I have time to explain but I hope this helps, Rocky...
  • #363
  • Sep 11, 2011 3:45pm Sep 11, 2011 3:45pm
Quoting deankenny21
nice setup, lets see how it goes.
deankenny21, Not a lot of volume on Sundays because the Institutions are watching football, So it's just demo for me, Rocky
  • #364
  • Sep 11, 2011 10:49pm Sep 11, 2011 10:49pm
Quoting rocky
Hey Mikepip, With Ninja Trader we have whats called the ATM (Automated Trading Strategy) You can Pull it up on Youtube and search "Ninja Trader ATM". It places your stops, trailing stops at predetermined levels. I usually will take profit of 38 pips on my first lot no matter what, The ATM will automatically bring my SL on my other lots up 38 pips so if the trade goes against me I breakeven. There is a lot more to it than I have time to explain but I hope this helps, Rocky...
Thank you kind sir!
  • #365
  • Sep 12, 2011 3:07am Sep 12, 2011 3:07am
Attached Image (click to enlarge)
Click to Enlarge Name: 09.05.11 eur.usd.jpg Size: 246 KB
  • #366
  • Sep 12, 2011 4:48am Sep 12, 2011 4:48am
Rocky,
Excellent entry prediction;
my question (although after the fact), would you have changed your exit based on the more recent supply area created, as indicated in the above chart or maintained your previous "cash out here" recommendation?

Thanks and keep on rock'n on!
Quoting rocky
Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy d1.gif Size: 34 KB
  • #367
  • Sep 12, 2011 6:31am Sep 12, 2011 6:31am
Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.11 eurjpy.jpg Size: 161 KB
Quoting esmontjr
Rocky,
Excellent entry prediction;
my question (although after the fact), would you have changed your exit based on the more recent supply area created, as indicated in the above chart or maintained your previous "cash out here" recommendation?

Thanks and keep on rock'n on!
  • #368
  • Sep 12, 2011 6:37am Sep 12, 2011 6:37am
and regarding the usdchf trade, where are you looking to take some profits ?
  • #369
  • Sep 12, 2011 7:23am Sep 12, 2011 7:23am
Quoting deankenny21
and regarding the usdchf trade, where are you looking to take some profits ?
Good Morning deankenny21, here's your answer...
Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.11usd.chf.jpg Size: 186 KB
  • #370
  • Sep 12, 2011 7:36am Sep 12, 2011 7:36am
Quoting rocky
Good Morning deankenny21, here's your answer...
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excellent, thats the area i got marked on my chart for profits

Im in UK so good afternoon for me
  • #371
  • Sep 12, 2011 1:09pm Sep 12, 2011 1:09pm
Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.11usd.chf.jpg Size: 227 KB
  • #372
  • Sep 12, 2011 1:45pm Sep 12, 2011 1:45pm
Quoting rocky
Attachment
excellent description Rocky, a really nice paragraph explaining simply how it works
  • #373
  • Sep 12, 2011 2:59pm Sep 12, 2011 2:59pm
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Click to Enlarge Name: 09.06.11eur.usdweekly.jpg Size: 260 KB
  • #374
  • Sep 12, 2011 3:02pm Sep 12, 2011 3:02pm
Quoting rocky
Attachment
excellent, 2 thumbs, keep em coming Rocky. The reward to risk vs the win percentage of this style is by far the best i seen on FF
  • #375
  • Sep 12, 2011 3:10pm Sep 12, 2011 3:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: 09.12.11 eurjpy.jpg Size: 136 KB
  • #376
  • Sep 12, 2011 3:14pm Sep 12, 2011 3:14pm
Quoting deankenny21
excellent, 2 thumbs, keep em coming Rocky. The reward to risk vs the win percentage of this style is by far the best i seen on FF
Thanks deankenny21, you'll be doing what I'm doing in no time. It took me a lot of trial and errors to do this, you are in a position now to skip the nighmares and learn what not to do and trade right inline with multi million dollar Institutions, Rocky...
  • #377
  • Sep 12, 2011 3:35pm Sep 12, 2011 3:35pm
Quoting rocky
Thanks deankenny21, you'll be doing what I'm doing in no time. It took me a lot of trial and errors to do this, you are in a position now to skip the nighmares and learn what not to do and trade right inline with multi million dollar Institutions, Rocky...
your welcome, i had a couple hiccups, i bought eurjpy from 107 and got stopped, price wasnt outside bollinger like you say it should be. The chfjpy was just bad luck and we will get losers in anything, but overall this is some kick ass material.

I have come across an indicator, which also detects low liquidty or volume (something like that anyway) followed by a jump of volume and a quick move out of a certain area, and it keeps that area marked until it is breached, when i apply this indicator, i see it is marking exactly the same zones you mark out manually.
  • #378
  • Sep 12, 2011 3:43pm Sep 12, 2011 3:43pm
Quoting rocky
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Looking at the date you posted this and todays price action...I'm speachless. You have got it figured out, rocky !!
  • #379
  • Sep 12, 2011 11:24pm Sep 12, 2011 11:24pm
Thanks for sharing your analysis Rocky! I've been trading supply/demand but with a scalper mentality which has been way too hard, time to move into swing trading setups and low stress.
  • #380
  • Sep 13, 2011 4:38am Sep 13, 2011 4:38am
Rocky,
Thanks for reply wrt taking profit @ 107.44 on the buy limit trade @103.95.

My question (again after the fact), can a gap create the same effect of strong momentum creating a supply area for future profit taking and a possible sell limit trade as indicated on the below chart(note confluence of supply zone (Sz), 618 fib, and 50% retrace @ 105.73)

Rock on!

Quoting rocky
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Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 15m.gif Size: 32 KB
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