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  • #881
  • Dec 1, 2011 10:43am Dec 1, 2011 10:43am
Quoting highlander2
thats what im talking about!
Got what u mean. Thanks buddy!!!
  • #882
  • Edited 1:38pm Dec 1, 2011 1:11pm | Edited 1:38pm
Quoting gristar
What criteria you look at when you short at 1, flytox?
Do you look at other time frame?
Do you look at currency correlation?
Hi Gristar,
I do never enter a reversal trade just cos it hit a zone. I check in this following order and often before a level is hit:
1:Is the zone history hit not more than twice(not consumed)
2: Is there not any stacked zone above/below (magnet effect).
3: Is correlated are reaching the same demand/supply zone, do they have not any stacked zones.
4: Is there any previous high/low rejected in the near history inside the zone, how far it is, if none how far is the upper/lower level of the zone.
This will be my hard stop level and it must be tight.

If these 4 conditions are met I enter without PA confirmation, if one is missing i wait for PA, if there is a stacked zone i wait for retest.
If a zone is broken out I will not reverse at the next but i can enter in the trend direction of higher TF.

Don't forget the weakest part of the supply/demand trading is strong trending market so be careful when zones are stacked and always check correlated.
One of the most difficult part concerning M5 correlations is to know which instrument is the leader and how truthful it is. It's rarely the same.
Hope this help.

Edit: I don't look at higher TF's but I have zones from H1 on my M5 chart. I trade only whta's happening on my chart.
For Locking techniques it's not only a lock at BE, take a look at KennyZ thread.
Second EDit: RED has a skill that none of us have, don't try to be him and never enter short when he is long and vice versa.
Rien ne sert de courir il faut partir à point.
  • #883
  • Dec 1, 2011 8:13pm Dec 1, 2011 8:13pm
Quoting flytox
Hi Gristar,
I do never enter a reversal trade just cos it hit a zone. I check in this following order and often before a level is hit:
1:Is the zone history hit not more than twice(not consumed)
2: Is there not any stacked zone above/below (magnet effect).
3: Is correlated are reaching the same demand/supply zone, do they have not any stacked zones.
4: Is there any previous high/low rejected in the near history inside the zone, how far it is, if none how far is the upper/lower level of the zone.
This will be my hard stop level and it...
Great explanation Flytox. I m sure this will help lot beginner like me.. Thanks so much
For M5 chart, how do you look at correlation? how do you determine which instrument is leader?
  • #884
  • Dec 1, 2011 8:55pm Dec 1, 2011 8:55pm
Nice post flytox, thanks for taking the time.
Good Trading
  • #885
  • Dec 2, 2011 2:02am Dec 2, 2011 2:02am
Quoting flytox
Hi Gristar,
I do never enter a reversal trade just cos it hit a zone. I check in this following order and often before a level is hit:
1:Is the zone history hit not more than twice(not consumed)
2: Is there not any stacked zone above/below (magnet effect).
3: Is correlated are reaching the same demand/supply zone, do they have not any stacked zones.
4: Is there any previous high/low rejected in the near history inside the zone, how far it is, if none how far is the upper/lower level of the zone.
This will be my hard stop level and it must...
To conclude this:
1: All things are based on Monitoring, Monitoring and Monitoring.
2: This way of trading must be compatible with you. You can't trade this, or any other way, if you are not compatible with it.
3: Don't hesitate to ask the v10+ team here. They are among the best if not the best.
I'am done.
Thx
Rien ne sert de courir il faut partir à point.
  • #886
  • Dec 2, 2011 2:59am Dec 2, 2011 2:59am
Quoting flytox
Hi Gristar,
I do never enter a reversal trade just cos it hit a zone. I check in this following order and often before a level is hit:
1:Is the zone history hit not more than twice(not consumed)
2: Is there not any stacked zone above/below (magnet effect).
3: Is correlated are reaching the same demand/supply zone, do they have not any stacked zones.
4: Is there any previous high/low rejected in the near history inside the zone, how far it is, if none how far is the upper/lower level of the zone.
This will be my hard stop level and it must...
Really nice post. But I think learning Red's style is easier than learning Kenny's style.
  • #887
  • Dec 2, 2011 3:02am Dec 2, 2011 3:02am
oh my god i still cant believe in red's style and kenny's stile talk! come on people open up ur heads, they have the same base in trading, style is different therefore YOU CANNOT BE RED OR KENNY.

YOU ARE YOURSELF




stop trying to be red or kenny, its just nuts. u are ur own trader, not him. or her or the dog or the banana, just be urself.
Have I got something on my face, SOLDIER?
  • #888
  • Dec 2, 2011 3:47am Dec 2, 2011 3:47am
Quoting bumapatria
oh my god i still cant believe in red's style and kenny's stile talk! come on people open up ur heads, they have the same base in trading, style is different therefore YOU CANNOT BE RED OR KENNY.

YOU ARE YOURSELF




stop trying to be red or kenny, its just nuts. u are ur own trader, not him. or her or the dog or the banana, just be urself.
I think it's not about trying to be someone else it's more about what can I learn from these guys that fits my style.
  • #889
  • Dec 2, 2011 3:58am Dec 2, 2011 3:58am
Quoting MCFly
I think it's not about trying to be someone else it's more about what can I learn from these guys that fits my style.
u can learn from them they'll still be the 2nd best teacher.

price is the best teacher for this

and i know ur intentions are well and not lazy so, okay
Have I got something on my face, SOLDIER?
  • #890
  • Dec 2, 2011 4:23am Dec 2, 2011 4:23am
screen time will always be the best way to improve, but you can learn a lot from red and others no doubt about that.
  • #891
  • Dec 2, 2011 4:53am Dec 2, 2011 4:53am
Quoting MCFly
I think it's not about trying to be someone else it's more about what can I learn from these guys that fits my style.
Hey McFly, you're right, It's a very good thing we have such good traders and such Forum .

All this boys had shown me the way to trade and i thanks them for the bottom of my heart.

You know,i'm an idiot, i learn nothing by myself, all i know in trading had been learn me by others, i say all. I learn nothing by myself .

Now i can see on a chart things an things that before i could only wath but i couldn't not see in fact. I was watched bars and candle but in fact i was like a blind man.

Don't give up my friend, it's a long road, S/D is not enough to win in trading. Everybody can draw a blue,red or yellow box and wait to trade, even a six years old kid. But it's not enough.

If you have understood this S/D notion, you are on the good road, but you must do the homework by yourself and watch how price react at key level. And post your trade and questions on the thread, its like that others will open your eyes.

just my 2 pips

Bouba
I hear and I forget. I see and I remember. I do and I understand.
  • #892
  • Dec 2, 2011 6:03am Dec 2, 2011 6:03am
NFP. My first time trading NFP!!! good luck all...
  • #893
  • Dec 2, 2011 6:06am Dec 2, 2011 6:06am
Quoting boubafx
Hey McFly, you're right, It's a very good thing we have such good traders and such Forum .

All this boys had shown me the way to trade and i thanks them for the bottom of my heart.

You know,i'm an idiot, i learn nothing by myself, all i know in trading had been learn me by others, i say all. I learn nothing by myself .

Now i can see on a chart things an things that before i could only wath but i couldn't not see in fact. I was watched bars and candle but in fact i was like a blind man.

Don't give up my friend, it's a long road, S/D...
Yes finding s&d zones is not that hard when you study the screenshots long enough which are posted by Red, Ifmayante and the other guys. For me it's way harder to read the market structure. You have to keep an eye on so much things like: HH/HL-LH/LL, momentum, candle patterns, chart patterns, trendlines, fibs...
It's like conducting an orchestra. It needs a lot of practice and I'm trying to work on that.

ps When I read your posts I can see that you are definitely not an idiot.
  • #894
  • Dec 2, 2011 6:26am Dec 2, 2011 6:26am
Quoting MCFly
Yes finding s&d zones is not that hard when you study the screenshots long enough which are posted by Red, Ifmayante and the other guys. For me it's way harder to read the market structure. You have to keep an eye on so much things like: HH/HL-LH/LL, momentum, candle patterns, chart patterns, trendlines, fibs...
It's like conducting an orchestra. It needs a lot of practice and I'm trying to work on that.

ps When I read your posts I can see that you are definitely not an idiot.
My only advice is always (at least at the beginning) to always always play with the momentum.

Often we can see RED, and others, play big CT and counter momentum. These guys know very well the market, and they know exactly what they do.

But as a newbie (or less newbie), play like them will kill your account fastly.

Go firstly always with the trend and momentum, it's easier, you have the time to learn CT after. Don't fight the flow
I hear and I forget. I see and I remember. I do and I understand.
  • #895
  • Dec 2, 2011 7:30am Dec 2, 2011 7:30am
nggudul nduwur apa ora kye yak??? angger ora nggudul ya uwes lah. pasrah.
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I love PIE and RTP
  • #896
  • Dec 4, 2011 1:04pm Dec 4, 2011 1:04pm
Quoting swingfiddle
Hello everyone,i have some basic questions that tried to post in romancing the price but i am not permitted,so i think its ok to post here since its sunday

1) once a price has made it to the supply or demand aerea,whats the next step of confirmation?i saw Sam's webinars and if i understood it well he would just take a low risk trade just because we got to the S/D aerea.is that the way to go?

2)once we get to a supply for example,what is the green light to take a short since we still dont know if price brakes out of that supply??(or breaksdown...
first of all there is no set rules or exact ways to do this- EVERYONE will trade differently you must find what suits YOU!

First of all you must identify your supply zone, i suggest you stick to ones which are obvious, otherwise pass on it.

Now that you have an obvious area of supply you have to wait for price to come to you. If it does come back to your zone, you can just short, but I only do this at really really obvious supply zones, when i have a strong conviction as to what price should do. However I prefer to wait and see what the reaction is at this zone, remember if there is supply there then price should react and begin to fall.

You may see evidence of this supply in the candles, be it an engulfing bar or pin bar, i see these types of pattern as a trigger to short as I have evidence that the market has reacted to this zone, bear in mind that the market will usually react to some degree to any supply and demand zone, but it may not be strong enough, there may not be a lot of follow through to take price to your target.

the entire chart must be analysed and every thing must be considered, how price has moved back to your zone, the over all trend and how often the zone has been tested. gather all the evidence you can to determine how good your zone is.

My answer is pretty vague, that's because there is no answer. You must decide how much conformation you want that the zone is still valid, bearing in mind that more conformation often means a wider stop and missing half the move. Its a fine balancing act, but screen time will teach you all you need to know.
  • #897
  • Dec 4, 2011 1:26pm Dec 4, 2011 1:26pm
Quoting swingfiddle
Hello everyone,i have some basic questions that tried to post in romancing the price but i am not permitted,so i think its ok to post here since its sunday

1) once a price has made it to the supply or demand aerea,whats the next step of confirmation?i saw Sam's webinars and if i understood it well he would just take a low risk trade just because we got to the S/D aerea.is that the way to go?

2)once we get to a supply for example,what is the green light to take a short since we still dont know if price brakes out of that supply??(or breaksdown...
Sam would probably say that you look at the higher time frame and trade the smaller time frame within that context. So for instance you would identify the major supply or demand zones on the daily or 8hr time frame and then wait for price to reach those zones. You then dial down to say the 30m, 15m, 5m or what ever you comfort level time frame is and identify the supply and demand zones and pull the trigger from those zones.

As an example if price is moving up into a previously identified supply on a daily chart. Switch to smaller time frame, identify the supply zone, wait for price to move into that supply zone and SELL.
  • #898
  • Dec 4, 2011 1:57pm Dec 4, 2011 1:57pm
Quoting highlander2
first of all there is no set rules or exact ways to do this- EVERYONE will trade differently you must find what suits YOU!

First of all you must identify your supply zone, i suggest you stick to ones which are obvious, otherwise pass on it.

Now that you have an obvious area of supply you have to wait for price to come to you. If it does come back to your zone, you can just short, but I only do this at really really obvious supply zones, when i have a strong conviction as to what price should do. However I prefer to wait and see what the reaction...
deeply appreciate your feedback guys,didnt know the existence of chat room

thanks!
Never again will fade the trend
  • #899
  • Dec 4, 2011 2:10pm Dec 4, 2011 2:10pm
Quoting tobinare
Sam would probably say that you look at the higher time frame and trade the smaller time frame within that context. So for instance you would identify the major supply or demand zones on the daily or 8hr time frame and then wait for price to reach those zones. You then dial down to say the 30m, 15m, 5m or what ever you comfort level time frame is and identify the supply and demand zones and pull the trigger from those zones.

As an example if price is moving up into a previously identified supply on a daily chart. Switch to smaller time frame,...
Here's what I'm talking about. This is from Friday using the GBPUSD as an example. Price is moving up into supply and therefore we should be looking for selling opportunities.
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  • #900
  • Dec 4, 2011 2:41pm Dec 4, 2011 2:41pm
Quoting tobinare
Here's what I'm talking about. This is from Friday using the GBPUSD as an example. Price is moving up into supply and therefore we should be looking for selling opportunities.
nice idea,zones from bigger time frames but magnified in smaller.great!
Never again will fade the trend
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