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  • #1,421
  • Feb 24, 2012 1:58am Feb 24, 2012 1:58am
Quoting GoldMan.
You often get such messy S/D formations in small TF when it's in the bigger TF S or D.
I mostly look M30 and H4 TF, you have to find what suits for you.
I agree, if you want to use every signal from m5 then you have to have balls to wait for end of the zone to cut losers or just use larger TF to avoid fakes
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  • #1,422
  • Feb 24, 2012 2:03am Feb 24, 2012 2:03am
Quoting GoldMan.
You often get such messy S/D formations in small TF when it's in the bigger TF S or D.
I mostly look M30 and H4 TF, you have to find what suits for you.
And what about post 1413?
  • #1,423
  • Feb 24, 2012 2:05am Feb 24, 2012 2:05am
Quoting MozarTT
And what about post 1413?
Attached Image (click to enlarge)
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Sell.
  • #1,424
  • Feb 24, 2012 2:37am Feb 24, 2012 2:37am
Quoting MozarTT
And what about post 1413?
I don't trade such small TF anymore because bigger TF give me much better picture.
Remember, there are often times when price won't reach S or D (especially in smaller TF) because your now competing with the banks. They look at the same things and they have power to turn things around and leave your waiting order unfilled etc.
  • #1,425
  • Feb 24, 2012 2:46am Feb 24, 2012 2:46am
Quoting gristar
Attachment

Sell.
Attached Image (click to enlarge)
Click to Enlarge Name: yj.gif Size: 15 KB


Update.
Where should i target?
The pink line at 1.57315 good?
  • #1,426
  • Feb 24, 2012 5:18am Feb 24, 2012 5:18am
Well i thought i'd drop in and say hi here as i've been studying PIA/RTP for a while now (lurking) and trying to get a grip on it. I've been a frequent visitor/poster in J16 thread and someone mentioned a great place to learn supply/demand principles, i.e. here..... took my first trade at m5 short on GU yesterday which got me a good win.... loving this thread and looking forward to learning more and more...

Rob
  • #1,427
  • Feb 24, 2012 5:24am Feb 24, 2012 5:24am
Quoting gristar
Attachment

Update.
Where should i target?
The pink line at 1.57315 good?
Attached Image (click to enlarge)
Click to Enlarge Name: yj.gif Size: 15 KB


Stopped out for this trade too.. :-(
  • #1,428
  • Feb 24, 2012 5:40am Feb 24, 2012 5:40am
Quoting gristar
Stopped out for this trade too.. :-(
What do you think was the cause?
In my opinion, up move had its origin in daily demand area, so it should head to daily supply.
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  • #1,429
  • Edited 6:11am Feb 24, 2012 5:54am | Edited 6:11am
Quoting kruger
What do you think was the cause?
In my opinion, up move had its origin in daily demand area, so it should head to daily supply.
To be frank, I have no idea why it failed at that level. Normally I will just let the market do what he want. Sound like gambling, huh!

In such situation I will keep a tight stop lose. After it moved certain range in profit, I will move the stop lose to break even and let it run to my target which is set at nearest demand level. Of course the target has to be at least 2 to 1 ratio from initial stop lose.

Any expert here want to advice how could I improve this trade?

This is the first level of Supply I traded at M15
http://www.forexfactory.com/attachme...1&d=1330074394

The first level price action is pin bar at M5 but get stopped out
http://www.forexfactory.com/attachme...1&d=1330076148



This is the 2nd level I traded at M15
http://www.forexfactory.com/attachme...5&d=1330077892

This is how it get stopped out at second trade(The blue line is stop lose level)
http://www.forexfactory.com/attachme...1&d=1330089812

Hope there is something we can learn from this example, all advice are welcome.
  • #1,430
  • Edited 6:34am Feb 24, 2012 6:02am | Edited 6:34am
Quoting kruger
What do you think was the cause?
In my opinion, up move had its origin in daily demand area, so it should head to daily supply.
maybe because the level you marked is a reaction to a previous level (so not very good, simply put)?
maybe because in an uptrend you should be looking to buy the dips?
i have a few more maybe's but i'll hold them for now. peace.

edit:added a chart and a few thoughts. may i recommend also reading Kenneth Lee's thread "no BS Trading"?
you will find many answers there.
Attached Image (click to enlarge)
Click to Enlarge Name: 24-02-2012-gu-m15-1.jpg Size: 90 KB
  • #1,431
  • Feb 24, 2012 6:27am Feb 24, 2012 6:27am
Quoting gristar
Attachment

Stopped out for this trade too.. :-(
Actually we got pretty good buy signal the morning, missed it...

M30:
Attached Image (click to enlarge)
Click to Enlarge Name: GU m30 d.png Size: 45 KB
  • #1,432
  • Feb 24, 2012 8:08am Feb 24, 2012 8:08am
Quoting GoldMan.
Actually we got pretty good buy signal the morning, missed it...

M30:
Yh, nice TLs there G.

Got a little analysis for EU 4h. I believe we are currently flagging on 5m at 76.4.

..
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  • #1,433
  • Edited 9:10am Feb 24, 2012 9:00am | Edited 9:10am
Quoting Tyoon
Yh, nice TLs there G.

Got a little analysis for EU 4h. I believe we are currently flagging on 5m at 76.4.

..
Let's see where this daily candle closes, usdx @ demand zone and new week also can be very strong trend changer, will be interesting.
Attached Image
  • #1,434
  • Feb 24, 2012 9:09am Feb 24, 2012 9:09am
Quoting GoldMan.
usdx @ supply zone
You mean demand mate?

My DX chart. This dollar bearishness is making me a bit dizzy.

..
Attached Image (click to enlarge)
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  • #1,435
  • Feb 24, 2012 9:11am Feb 24, 2012 9:11am
Quoting Tyoon
You mean demand mate?

My DX chart. This dollar bearishness is making me a bit dizzy.

..
Yes, demand
Played too much poker today I think, don't even know what i'm typing anymore
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  • #1,436
  • Feb 26, 2012 4:17am Feb 26, 2012 4:17am
Quoting asos101
maybe because the level you marked is a reaction to a previous level (so not very good, simply put)?
maybe because in an uptrend you should be looking to buy the dips?
i have a few more maybe's but i'll hold them for now. peace.

edit:added a chart and a few thoughts. may i recommend also reading Kenneth Lee's thread "no BS Trading"?
you will find many answers there.
Yes, you're right, totally ignored the earlier levels - the lesson for the future.
Anyway, there was a possibility of escape after warning in the form of a bull flag.

And from Kenneth's thread:
http://www.forexfactory.com/showthread.php?p=5418800#post5418800
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  • #1,437
  • Feb 26, 2012 9:49am Feb 26, 2012 9:49am
http://www.youtube.com/watch?v=h7ZBygcSBzE
  • #1,438
  • Feb 27, 2012 3:03am Feb 27, 2012 3:03am
Hi,

Am i on the right lines here? I shorted from 1787 supply zone and hit my TP nicely (although i realise i could have done better with more profit actually), now i'm waiting for this level to get back in long with trend direction.... comments appreciated.

i'm still new to the concepts of trading SD so i see the demand zone i've marked as a previous supply zone which has flipped to demand...

Attached Image (click to enlarge)
Click to Enlarge Name: gu h4 270212.gif Size: 27 KB
  • #1,439
  • Feb 27, 2012 3:30am Feb 27, 2012 3:30am
Quoting beebolbod
Am i on the right lines here?
Nice play on words

IMO, I think you need to look closer at your demand on a lower TF. See mine where I marked off the source of the bullish rally? With more specific zones you can reduce your draw down with increased accuracy.

Also, don't forget to mark out your SRs. (The ones on my chart have a lot of history... good ones to keep on the chart)

Help my two cent helps.

..
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  • #1,440
  • Feb 27, 2012 3:48am Feb 27, 2012 3:48am
Quoting Tyoon
Nice play on words

IMO, I think you need to look closer at your demand on a lower TF. See mine where I marked off the source of the bullish rally? With more specific zones you can reduce your draw down with increased accuracy.

Also, don't forget to mark out your SRs. (The ones on my chart have a lot of history... good ones to keep on the chart)

Help my two cent helps.

..
Yes, thank you. I was reading Ken Lee's thread just now and someone mentioned identifying zones on higher TF and zooming in to see where these moves originate from, thereby reducing drawdown and increasing accurancy.
I just did what you suggest (and have shown on your charts) and can see it really clearly.
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