Extracted Thread (per thread starter's request)

Stop being brought down to B/E plus 5.

Stopped out at B/E plus 5 x 3 contracts for $187.50

11:34 a.m.
Stop loss brought down to B/E...

Didn't the last candle just hit a supply zone?

This is a Daily Chart, or in other words a "Long Term Forecast', not Mondays forecast, probabily not even Friday's forecast. There will be many Supply zones and Demands zones on lower time frames along the way, well before PA reaches our Supply zone on this daily chart.

So yes, on a 90 min chart PA is at a Supply Zone which I've already traded and profit. But based on my Daily chart my focus will be buying dips into demand zones. This is not to say that I wont "SHORT" on lower time frames if I find a good setup. There will be many trades before PA reaches our Daily Supply Zone, both "shorts" and "Long", Rocky...

11:06 pm NY...Moving Stop Loss up to 1.2582 for a 10 pip risk, Rocky.

Stopped out at minus 10 pips x 3 contracts...

Hi Rocky,

I have finally read and studied all your charts from page 1. Finally
But i have 3 questions to ask. Take your time to answer; it's not urgent.

1. I noticed Bollinger Band has not been used in your analysis. Is this because BB does not give accurate and clear entry signal as opposed to using the volume indicator, which shows institutional flow?

2. May I ask if there is slight difference between Fib. extension and Fib. expansion? I tried to research this but most people say that there are somewhat similar. If they are different, can I trouble you to explain how you apply the extensions and expansions on the 1-2-3 pattern?

3. On your earliest few set of posts in this thread, you mentioned that we need to get a good feel and sense of the larger TF Sup/Dem Zones and then move on to smaller TF in order to do Rocky's very own HPTs; with the knowledge that one should not buy into a larger TF Supply zone or sell into a larger TF Demand zone. do we still do this?
I'm guessing this rule of thumb still applies; just like what you said in post #1168
http://www.forexfactory.com/showthread.php?p=5804056#post5804056
"There will be many Supply zones and Demands zones on lower time frames along the way, well before PA reaches our Supply zone on this daily chart."


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Your thread and analysis is very informative. I notice that you incorporated volume studies. I'm guessing people may be thinking why ultra high GREEN volume bar, in an PA uptrend, means that institutions are starting to sell.
Drawing from my own conclusion, these big banks want to manipulate and control prices. Ultra green volume bar means, aha, retailers have pushed price up into the LARGE unfilled institutional SELL orders; banks will try to 'fight' or reduce retail buy volume as much as possible until there is no retail volume left, mission accomplished by the bankers, and then BOOM, no opposing volume left, causing price imbalance. That's where price will dive.

And then, this perceived dive will catch the attention of another set of retailers who wants to ride this new downtrend, but it will be too late. Because another institutional BUY zone is waiting, just waiting to eat retailers up and transfer their account to the bankers.

vicious cycle. lol =D

Thank you rocky and have a good week ahead.
Laurence

Laurence, I still use BB, I just don't post the charts that have them so my viewers don't get to confused with all my analysis (BB, trend lines, supply zones, demand zones, fib extensions, fib expansions, fib retracement, volume bars, pitchfork with the fib extensions).

I have in the past posted charts with all my studies but even after explaining each one I have received e-mails stating that it's to confusing for most. So I show only the basic chart.

Your analysis on Volume is spot on, good job. Rocky...

hi rocky, quick question mate, when trading futures, i believe the minimum contract size is 1 full lot, thats about $10 per pip right? roughly?

only20gp, yes 1 full lot. EUR is $12.5 a tick (pip). 41 pips x 12.5 = $512.5 x 3 contacts.

Hi Rocky, how do you move the stops to B/E? Is it any rule or just your feeling? Thank you.

Vitall, once I make a trade my only concern is "how fast can I reduce my risk", weather I'm in or out of the money. I have a lot of confidence in my analysis, so once I make a trade I don't even think about how much money I might make. I'm very focused on moving my Stop Loss "in the money" or as close to Break even as possible. I usually start to move my stop loss up once I'm in the money by at least 15 tp 20 ticks.

So forget about focusing on how much money you can make on a trade, rather, how fast can you reduce your risk. The money will follow.

In your second post (of this thread), you say you strictly trade supply and demand, not support and resistance. Though, I see you draw trendlines. Aren't these lines considered S&R? I've been trying to figure out the difference between S&D and S&R, and it seems everyone has their own unique view of what each are.

I've seen some of Sam Seiden? Seidel? Whatever, but I've seen that dude's videos. I do believe S&D are more-so price levels, and I've been doing some trading based on that. The S&R I do is where I just draw lines either connecting the higher lows, or the lower highs. I'm just so completely confused as to what's actually what. Even 10+ vouched members say different things!!

Gnarlypips, I trade strickly Supply and Demand with my other studies. I added the resistance/support in my last chart as a added confirmation to that Demand line. There is nothing wrong with trading support and resistance, they work at times. However, why wouldn't you want to know were the stack of buy orders and the stack of sell orders are? With support and resistance you have no idea. With supply and demand you do.

The difference between the 2 are the odd enhancers. Which is "how fast price left that level". It's one overtaking the other (inbalance) at a certain point (price level).

Try doing this...., Draw support and resistance lines on a daily and 4 hour chart. Now drop down to a 30 min chart. You will find many good Supply and Demand Zones from those higher time frame support and resistance lines. Just look for those odd enhancers on the 30 min chart. This might better help you in identifying good zones. If I find time I'll give you an example. Rocky...

Also, only take advice from a 10+ vouch member if he/she can show you live as they happen trades, not cherry picked after the fact trades. Vouches have nothing to do with being a profitable trader. I have no vouches, I ask for none and I have none, because I could care less about them, but I consider myself a very good institutional trader, my 2 cents...