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Day Trading vs. Swing Trading vs. Position Trading 86 replies

Attachments: B.S. Trading with Kenneth Lee
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B.S. Trading with Kenneth Lee

Thanks Rufus, appreciated
Hi Kenneth, Rufus, Good Looking, and everyone here. Thank you for a great learning thread. I have committed myself to mastering this trading method, because I believe it to be one of the most sound and logical methods out there. If I'm going to succeed at trading, it will be with this supply/demand method. So thank you again in advane for helping me towards my success. To everyone else also trying to figure this out, if we diligently study the charts and share/discuss what we learn, I really believe that in a few months time, we can all become effective at trading this method. So let's give it our best!

My first submission will be on the current situation on USD/CHF. TraderinSD, I see that you're also looking at it as we speak. I'd like to present a little different view on it, as I see it. The first image shows multiple timeframes that I view simultaneously, as I do for each pair (similar to how Sam Seiden does it). It allows me to see clearly the big picture trend, and stepping down progressively to help me be highly aware of where price is at in the bigger scheme of things. What I'm seeing for USD/CHF is that we're right up against the monthly support-turned resistance (which can be seen in the top two charts). And right now price looks like it's trying to break through a rising daily trendline (bottom left chart). My trading chart, the bottom right chart, shows a zoomed in hourly picture of the breakout attempt. My sentiment for this pair right now is to wait for either 1) a clear break down below, then for supply levels to form and look for short opportunities, or 2) for price to clearly bounce and rally --> form a demand base, then look to go long once price revisits the new demand level. I will present more details about my hourly outlook in the next post.

Quoting TraderinSD
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PO for a Long on the UC


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1H view of some price test areas marked..Light blue line just under the PO.. Market trading in a range..Should see a bounce here..Will see

TSD
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My view on the hourly for USD/CHF. Please, everyone feel free to take me to school on this. Any advise would be greatly appreciated.
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Quoting Good Lookin
When i speak of PA i do not mean Pin Bars or double highs/lows or Bullish/Bearish Outside/Inside Bars. Those are great indicators in there own style of trading but for Supply and Demand trading i speak of PA differently. PA for me in Supply and Demand is simply how fast or slow is price approaching my base.

For example:
I find a supply whose bottom (entry) is 1.1170 and top (stop) is 1.1190 and price drops down to 1.1102 then returns to my base later.

Good price action would be if price returns to my level quickly without stopping. Reason being...
Hi Good Lookin, so according to your definition this is rather bad PA, am I right? PA is basing right below the level. What steps would you take? Wait for breakout and retest?

Thanks you

Les_Paul

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Quoting Les_Paul
Hi Good Lookin, so according to your definition this is rather bad PA, am I right? PA is basing right below the level. What steps would you take? Wait for breakout and retest?

Thanks you

Les_Paul

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One more, this is probably clear for the most of you, but I need to clarify the basics - so am I right when identifying the profit margin as the green rectangle in the picture? This would give me RR 1:1, so no further action. Can you pls confirm?

Thanks a lot!

Les_Paul
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Quoting SMTrader
My view on the hourly for USD/CHF. Please, everyone feel free to take me to school on this. Any advise would be greatly appreciated.
First...Although I am not really the one who should be doing this as I am not the most active, although of late I have been more active...But in light of no one else here at the moment.... and it is a GREAT thread.
Welcome!!
Looking at your charts you make some very good points. Can’t say that I would disagree. Given that I have already committed to the trade via a post, will see what happens.

Thanks for your input...Definitely has me thinking??

TSD
Thanks for the welcome TSD! I've been to many threads here in the past few years. This one feels the most like the perfect place to be for me. Hope to contribute to it well into the future.

What I posted was just a different read on things, in case others can find some of it useful. I'm certainly not always right. What I like about your PO in this case is that its sitting right on a good previous support, allowing for very tight stoploss. Not a bad trade, either way it turns out, imo.


Quoting TraderinSD
First...Although I am not really the one who should be doing this as I am not the most active, although of late I have been more active...But in light of no one else here at the moment.... and it is a GREAT thread.
Welcome!!
Looking at your charts you make some very good points. Can’t say that I would disagree. Given that I have already committed to the trade via a post, will see what happens.

[color=black][font=Verdana]Thanks...
any trades or analysis today???
let's discuss some charts...
Simplicity Is The Ultimate Sophistication ~LDV~
If EUR/USD manages to reach 1.2817 area, I will consider a short with tight stop above the daily downward trendline. Target would be towards 1.2733, I think.
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Quoting SMTrader
If EUR/USD manages to reach 1.2817 area, I will consider a short with tight stop above the daily downward trendline. Target would be towards 1.2733, I think.
I'm in
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
Quoting SMTrader
If EUR/USD manages to reach 1.2817 area, I will consider a short with tight stop above the daily downward trendline. Target would be towards 1.2733, I think.
did u mark the zone at the higher tf???


I'm short on EG now...
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Simplicity Is The Ultimate Sophistication ~LDV~
Quoting Rufus
I'm in

I will have to say that it took some "balls" to sell in the face of that oncoming train.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
Quoting Rufus
I'm in
heeeeeeeyyyy, those were coool....
as usual, rufus always occur with amazing charts...
love them
Simplicity Is The Ultimate Sophistication ~LDV~
Quoting alterchristo
heeeeeeeyyyy, those were coool....
as usual, rufus always occur with amazing charts...
love them
Thanks.

Almost 1:00 am here. Going to bed. Left a little on for "seed"
Illegitimi non carborundum - Noli pati a scelestis opprimi.
Good trade, Rufus!

Yes, alterchristo, I marked my zone on H4 chart, because that's where the large down move originated a week ago. The lower level, where the market found supply this time (which Rufus sold at), had been touched already once, so I wasn't confident about selling there again so soon. I'm still not very skilled at this supply/demand thing, so I choose to be more conservative and miss some good trades.

In hind sight though, selling where Rufus did, with a stoploss above the same downward trendline I pointed out, would have called for only around 20 pip stoploss. So if I had thought this through more, I might have seen that taking the trade where Rufus did would have been a conservative, high probability, low-risk trade also.

I'm learning



Quoting Rufus
I'm in
News came out for the Swiss when price reached my intended short entry for EUR/USD. So I waited until price spiked up to the median of my H4 supply zone. Keeping a very tight stop above. Let's see if it retraces back inside the downward daily trend.
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Quoting SMTrader
News came out for the Swiss when price reached my intended short entry for EUR/USD. So I waited until price spiked up to the median of my H4 supply zone. Keeping a very tight stop above. Let's see if it retraces back inside the downward daily trend.
Hi SMTrader,

yeah, will try short lil higher on the m30 supply


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Quoting bullzeye
Hi SMTrader,

yeah, will try short lil higher on the m30 supply


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hey mate... I'm aiming the same zone
Odd Enhancers
RBD & fresh zone
price drop far away
next will see how price approaching this zone
Simplicity Is The Ultimate Sophistication ~LDV~
Quoting Rufus
I will have to say that it took some "balls" to sell in the face of that oncoming train.

Yes that can be the daunting part about trading good levels , This is why trading with PO's can be easier. Good One ..
Good Trading To All ; Ken Lee
Quoting katman
Lucky me, my SL was bigger, but only demo
Hi Katman,

May I know where can I get that indicator? Which shows the daily high and low and the spread at the upper right corner of your chart. Besides that, I would like to know is there any indicator that can show where I enter and exit in the chart like yours? (the arrows and dotted lines). Hope to hear from you soon Thank you.
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