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Romancing the Price

  • #921
  • Oct 7, 2011 1:51pm Oct 7, 2011 1:51pm
few more last trades..

closing the shop for the week..

happy weekend to all..............

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  • #922
  • Oct 7, 2011 2:17pm Oct 7, 2011 2:17pm
Thank you for all your hard work Kenny. Each chart is another masterpiece.
  • #923
  • Oct 7, 2011 2:31pm Oct 7, 2011 2:31pm
Quoting KennyZ
few more last trades..

closing the shop for the week..

happy weekend to all..............

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You are absolute inspiration, thank you. Great weekend to you and yours.
All systems of divination, like music itself,work through patterns.
  • #924
  • Oct 8, 2011 1:17am Oct 8, 2011 1:17am
Quoting KennyZ
some more post nfp trades..

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love nfp days...
Hi Kenny may I ask what in the PA made you want to short it? It would seem that as price went upwards you were fading the levels. Thank you.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #925
  • Oct 8, 2011 8:18am Oct 8, 2011 8:18am
I've had a pm from a trader whom I'm sure knows the material well, but is still losing the game.
So here's my advice to him and others like him. Forgive me if I miss alot out here, I've not been feeling well lately. So I may edit this later

If you're losing more than you're winning:

Drag the ticket numbers from the account history onto the charts and look at each trade you made.

Ask yourself:

Did I have good reason to enter the trade where I did?
Did I set a reasonable tg for the trade?
Did I take some or all profit there?
Was my SL inside or outside the zone? On this TF? On higher TF?
Was my position size small enough to painlessly suffer DD to the other end of the zone, and enable me to add to the position deeper in?
I bailed before my SL was hit. What did price do next? Did I bail too early?


I hope I've covered the important questions - if not, there's more to come

Best

If
  • #926
  • Edited 6:10pm Oct 8, 2011 1:33pm | Edited 6:10pm
Quoting eaglestar
Hi Kenny may I ask what in the PA made you want to short it? It would seem that as price went upwards you were fading the levels. Thank you.

first thing to keep in mind we were trading on nfp friday.. rules of engagement slightly differs to ordinary days..

most of the times i enter trades while price is moving against me but ONLY in/around certain levels [buyers and sellers concentration levels] and certain circumstances such as nfp and fomc days.. i try to keep my trades in/around where i can identify buyers and sellers imbalance levels.. top of this watching pa configs usually pays better..

does all my entries work? of course not.. i can easily take 100 pips loss without affecting to my trading psychology.. in reality, i keep losses to as little as possible, unless, i make a mistake as i did with oz and ended up with 1300 pips loss.. if u watch the levels carefully you'll usually know what's likely to work or what's not working. once you know it's not working best to cut that trade and go to next, rather than hoping it may be turning to your way.. there is NO ROOM for hope in this business...

however, keep in mind my stile of trading cannot be carried out with small accounts.. what i mean by small is anything under 50k.. i can still trade with under 50k account but only with mini or micro lot sizes depending on the account size..

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  • #927
  • Oct 8, 2011 6:02pm Oct 8, 2011 6:02pm
Quoting Ifmyante
I've had a pm from a trader whom I'm sure knows the material well, but is still losing the game.
So here's my advice to him and others like him. Forgive me if I miss alot out here, I've not been feeling well lately...
............

Best

If

IF, i wish you a speedy recovery..

in the meantime here is an alternative way to view markets..

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  • #928
  • Oct 9, 2011 7:51pm Oct 9, 2011 7:51pm
starting the week with few pips under the belt..

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  • #929
  • Oct 10, 2011 12:58am Oct 10, 2011 12:58am
Quoting KennyZ
first thing to keep in mind we were trading on nfp friday.. rules of engagement slightly differs to ordinary days..

most of the times i enter trades while price is moving against me but ONLY in/around certain levels [buyers and sellers concentration levels] and certain circumstances such as nfp and fomc days.. i try to keep my trades in/around where i can identify buyers and sellers imbalance levels.. top of this watching pa configs usually pays better..

does all my entries work? of course not.. i can easily take 100 pips loss without affecting...
Thanks so much for your valuable insight. I will be going through your thread thoroughly this week. Take care
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #930
  • Oct 10, 2011 11:09am Oct 10, 2011 11:09am
from earlier..

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from today.. since i got up.. mainly synced with gold and silver

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  • #931
  • Oct 10, 2011 3:52pm Oct 10, 2011 3:52pm
Quoting KennyZ
IF, i wish you a speedy recovery..

in the meantime here is an alternative way to view markets..

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Can you share the useless garbage indicator please?
  • #932
  • Oct 10, 2011 7:40pm Oct 10, 2011 7:40pm
Quoting Porkpie
Can you share the useless garbage indicator please?


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couple of earlier closed trades..

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and couple of recently closed trades...

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  • #933
  • Oct 10, 2011 9:59pm Oct 10, 2011 9:59pm
few trades from asian session..

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nothing special about the above usdcad scalps.. putting them just as an example to simple pa trades

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  • #934
  • Oct 11, 2011 9:43am Oct 11, 2011 9:43am
managed to expand crude lock a bit..

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  • #935
  • Oct 11, 2011 3:49pm Oct 11, 2011 3:49pm
Hello dear traders,

I've not been posting for quite a long time for personal matters, but as I was talking to a dear felloy trader tonight, I thought I would post something that could empower you in the sense that the video I am posting now is a very very very important resource to understand what we do here in PIE in a different way.

When I first posted here, I talked a lot about gaps and price inefficiencies. Those are not the gaps everyone is talking about on Sunday evenings. Those gaps are what we here call poles (of flags).

So here is smething you want to bookmark and study. This is exactly what we do but with different words, and this could well help some of you who are struggling to take the concept of supply and demand further.

I hope this will help you, keep well all.

http://vimeo.com/26338496

PS : while you're at it, you can watch the other ones, especially the "quasi" one, it will make Ifmyante happy.
Hello.
  • #936
  • Oct 11, 2011 6:46pm Oct 11, 2011 6:46pm
Quoting emene
Hello dear traders,

I've not been posting for quite a long time for personal matters, but as I was talking to a dear felloy trader tonight, I thought I would post something that could empower you in the sense that the video I am posting now is a very very very important resource to understand what we do here in PIE in a different way.

When I first posted here, I talked a lot about gaps and price inefficiencies. Those are not the gaps everyone is talking about on Sunday evenings. Those gaps are what we here call poles (of flags).

So here is...
One of the things that amazes me about the market is how every trader seems to have a unique way of viewing the market. It really shouldn't amaze me though, because we are all individuals and logically would see things through our own prism. This btw, is why it is a fallacy to believe a method will lose its effectiveness with exposure. Each individual trader will add his or her own tweak to the method essentially creating a personalized version of the original method. One trader will add a MA. Another might take one away. One trader might look at multiple time-frames, while another does not.

Any, back to the point. Thank you for sharing. I have attached a picture that shows what this in action. Again, we did not take the exact same road, but I think we ended up at the same location.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #937
  • Edited 3:26am Oct 12, 2011 2:10am | Edited 3:26am
flag pole [liquidity gap] took it's time but eventually got filled..

i've been scalping gold after the pole mainly on the long side..

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edit:
been holding this silver long since yesterday.. closed it recently..

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edit 2:
couple more closed trades..

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edit 3:
eu decided to runaway and i joined in for a bit..

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  • #938
  • Oct 12, 2011 4:15am Oct 12, 2011 4:15am
one of my sleeping trade.. taken few days back.. target was 75.00

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  • #939
  • Oct 12, 2011 11:16am Oct 12, 2011 11:16am
Here is a chart that could not illustrate better the content of the video I posted yesterday. Hope you can see how obvious it can become when you are used to discern the price flow.

Big reaction that shows strong demand, and resumed at 78.6 pullback in demand.
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Hello.
  • #940
  • Edited 7:15pm Oct 12, 2011 12:04pm | Edited 7:15pm
couple of lock expansion..

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and few trades like the ones below..

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