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Price is Everything Chat Room

  • #3,121
  • Jun 21, 2012 3:09am Jun 21, 2012 3:09am
Quoting tan123
FOR THOSE WHO ARE LEARNING TO APPLY SUPPLY AND DEMAND IN TRADING IS AN EXCELLENT WEBINAR I JUST FOUND AND ITS NOT SAM SEIDEN THIS TIME


http://traderkingdom.com/market-analysis-archived-webinars/3301-recorded-trading-market-video-multiple-time-frame-supply-and-demand-simplified
thanks!
  • #3,122
  • Jun 21, 2012 8:30am Jun 21, 2012 8:30am
Quoting tan123
FOR THOSE WHO ARE LEARNING TO APPLY SUPPLY AND DEMAND IN TRADING IS AN EXCELLENT WEBINAR I JUST FOUND AND ITS NOT SAM SEIDEN THIS TIME..http://traderkingdom.com/market-analysis-archived-webinars/3301-recorded-trading-market-video-multiple-time-frame-supply-and-demand-simplified

Yes, I've posted this link before. Good to see someone else has found some value in it.

Ultimately he is selling a product that does the zone for you, which I am certainly not a fan of. But there is alot of good information on our trading style nonetheless.

Make sure you watch all his webinars.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,123
  • Jun 21, 2012 1:34pm Jun 21, 2012 1:34pm
would it be right to take this trade keeping current fundamentals in mind
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  • #3,124
  • Jun 21, 2012 1:49pm Jun 21, 2012 1:49pm
Quoting jaimini
would it be right to take this trade keeping current fundamentals in mind
You can do 1 of 3 things.

1) Not take the trade
2) Take the trade without confirmation; trying to get your risk as tight as you possibly can (ie 50% to the bottom of the zone, stops below).
3) Take the trade with confirmation (some type of bullish engulfing leaving the zone)

As always, the worst thing that happens is you are wrong and get stopped out.

Something else to keep in mind, you now have a supply cluster right above this area. Looks like it is starting around 82.00
  • #3,125
  • Jun 21, 2012 2:25pm Jun 21, 2012 2:25pm
Quoting jaimini
would it be right to take this trade keeping current fundamentals in mind
In my view that is not real demand. It is a pivot low from a previous reaction to demand. Looking at the bigger pic, price is arriving back to demand from supply.

These HTF levels govern the LTF levels.

EDIT: feck, just realized your chart is a bit different from mine. I believe yours is a futures chart?
..
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  • #3,126
  • Jun 21, 2012 2:44pm Jun 21, 2012 2:44pm
Quoting Venice
You can do 1 of 3 things.

1) Not take the trade
2) Take the trade without confirmation; trying to get your risk as tight as you possibly can (ie 50% to the bottom of the zone, stops below).
3) Take the trade with confirmation (some type of bullish engulfing leaving the zone)

As always, the worst thing that happens is you are wrong and get stopped out.

Something else to keep in mind, you now have a supply cluster right above this area. Looks like it is starting around 82.00
I took the trade with tight SL
Thanks
  • #3,127
  • Jun 21, 2012 2:45pm Jun 21, 2012 2:45pm
Quoting Tyoon
In my view that is not real demand. It is a pivot low from a previous reaction to demand. Looking at the bigger pic, price is arriving back to demand from supply.

These HTF levels govern the LTF levels.

EDIT: feck, just realized your chart is a bit different from mine. I believe yours is a futures chart?
..
yes mine is futures chart
  • #3,128
  • Jun 21, 2012 7:50pm Jun 21, 2012 7:50pm
Quoting jaimini
I took the trade with tight SL
Thanks
Good luck. Always remember, we play a positive expectancy system. Losses are inevitable. When you control your risk and take your losses as your trading plan calls for... you can't help but be on top... over the long run. All you need is that right number between risk:reward and win:loss. Any combination will do as long as it ends up positive.
  • #3,129
  • Jun 21, 2012 8:36pm Jun 21, 2012 8:36pm
Hi all,
Any thoughts on this supply zone? seems it's quite fresh on the 15min.


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- Look to the left, Trade to the right - I am the system
  • #3,130
  • Jun 21, 2012 9:15pm Jun 21, 2012 9:15pm
Quoting HiddenGap
Yes, I've posted this link before. Good to see someone else has found some value in it.

Ultimately he is selling a product that does the zone for you, which I am certainly not a fan of. But there is alot of good information on our trading style nonetheless.

Make sure you watch all his webinars.
Just thought I'd share something regarding PureFinancialAcademy.com

I inquired about their course, and it's not so much a course. It's more selling you a monthly subscription to their indicator and teaching you how to use it.

I asked them specifically about whether you are taught the rules and criteria the indicator uses to either rule in or out a zone - and was told that they don't give you the proprietary algorithms to how their software works.

If you stop, then you lose access to the indicator, or you pay $2500 for lifetime access.

I'm sure they teach you the basics of S/D - but then you can get that for free anyway

Anyway, just thought i'd pass that bit of info along

Cheers

Seb
- Look to the left, Trade to the right - I am the system
  • #3,131
  • Jun 22, 2012 2:10am Jun 22, 2012 2:10am
I am starting to think the market doesnt like me...
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Live it or leave it!
  • #3,132
  • Jun 22, 2012 2:51am Jun 22, 2012 2:51am
Quoting Venice
Good luck. Always remember, we play a positive expectancy system. Losses are inevitable. When you control your risk and take your losses as your trading plan calls for... you can't help but be on top... over the long run. All you need is that right number between risk:reward and win:loss. Any combination will do as long as it ends up positive.
Thanks for the nice advice
  • #3,133
  • Jun 22, 2012 5:10am Jun 22, 2012 5:10am
demand breached and turned into supply... nice RR possible outcome...
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Live it or leave it!
  • #3,134
  • Jun 22, 2012 5:51am Jun 22, 2012 5:51am
Was watching this for a little scalp on h1 but the bigger picture is more interesting.
Could go higher but...great confluence.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #3,135
  • Jun 22, 2012 6:31am Jun 22, 2012 6:31am
update... resistance works well unfortunately
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Live it or leave it!
  • #3,136
  • Jun 22, 2012 8:24am Jun 22, 2012 8:24am
closing the rest... the resistance is still too strong...
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Live it or leave it!
  • #3,137
  • Jun 22, 2012 9:54am Jun 22, 2012 9:54am
Quoting whiteout
Was watching this for a little scalp on h1 but the bigger picture is more interesting.
Could go higher but...great confluence.
Don't even know if this thing have "the force" to go up. Lovely textbook cp.
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Sometime the horizon disappear. Twitter: @_whiteout
  • #3,138
  • Jun 23, 2012 3:55am Jun 23, 2012 3:55am
Quoting Tyoon
In my view that is not real demand. It is a pivot low from a previous reaction to demand. Looking at the bigger pic, price is arriving back to demand from supply.

These HTF levels govern the LTF levels.

EDIT: feck, just realized your chart is a bit different from mine. I believe yours is a futures chart?
..
Hello Tyoon,
Its been awhile....hope all is good

If the pivot low was not a previous reaction to demand, u wld have consider that a real demand? Am abit confused when i sometime see pple say swing low/high are not considered demand/supply in itself...
  • #3,139
  • Jun 23, 2012 4:23am Jun 23, 2012 4:23am
As price currently Basing at Friday close, There will be 2 scenarios.

Scenario 1) Bearish
Purple arrows...In H4, it created a HNS... The safest way to trade HNS is Retest of the neckline which resides a supply base at the same level (Red box top)

Scenario 2) Bullish
Brown Arrows... If price continues to drop, it will look for a strong Demand to go higher in Daily and above.

Do note that Base numbered 1 and 2 wont hold at a higher time frame
Base 1 ) the Friday close bases above this base 1 ... if it drops, it will cut through
Base 2 ) Is not a fresh level anymore... It may repel but wont go far.
Base 5 ) is the base created from 1st June NFP... It reacts to the "W" way back in 30th June 2010... so a lower base for a strong move is needed to go high.

To look at the chart patterns, we are now experiencing the same scenario as 27/02/2012 "M" and 29/03/2012 "M" .. In order for price to go lower, it has to test for res.Since we r in a bearish mode as the H4 trend channel has been broken,price need to test at an "M" for Resistance and the nearest is 1.2637 area ...

Plan 1) if price went up to the 1.2673 area, i will short all the way to 1.222
Plan 2) if price continues down, i will long at 1.2346 and tp at 1.267

Back to basics...i am thinking how price continues its direction in relation to support and resistence...
Also in a reality logic ,i think about how i hammer a nail or shooting a stone using a catapult...That's science physics

Do comment on ur studies too... Happy weekends

Edit: This is a demo account so my buy limit is actually at a QM setup from M5 and M1
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  • #3,140
  • Jun 23, 2012 4:54am Jun 23, 2012 4:54am
This are the zone i will be looking at when price reach here in future...
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