Laurence, I haven't forgotten about you, running on empty with little sleep.
Extracted Thread (per thread starter's request)
- #1,201
- Jul 9, 2012 6:24pm Jul 9, 2012 6:24pm
- Joined Mar 2008 | Status: Trader | 1,728 Posts
Laurence, I haven't forgotten about you, running on empty with little sleep.
- #1,203
- Edited 7:08pm Jul 9, 2012 6:34pm | Edited 7:08pm
- Joined Mar 2008 | Status: Trader | 1,728 Posts
8:05 hrs,,,Closing trade, plus 28 ticks x 3 contracts, Rocky...
Rocky,
You've been teaching us in this thread already, so thumbs up!
Thanks again. you are helping me, US, alot!
1. i'll use 10080mins for the weekly. thanks
2. I'll adjust my fibs retracements to that.
How about this drawing tool here (known as extension in ninjatrader) Do you use this for your charts?
laurence
- #1,207
- Jul 10, 2012 3:16am Jul 10, 2012 3:16am
There was a good setup for quick pips in the small TF 30min on GBPUSD during midnight UK.
1. High buy volume bar depreciates gradually, i guess institutions are slowly shorting the long orders of others.
2. BB was at correct place in 30min TF. but no good setup for BB in 15min TF. I guess we must look at these 2 SMALL TFs once in a while to spot good BB setups.
However, I short it on the 2nd peak because I've missed the chance of placing a sell limit order on the first peak, once i was done with chart studies.
Since there was a 4H demand zone beneath the 90 min supply zone that are about 40 pips apart, therefore I chose the conservative 20 to 30 pips profit. But I use 7pips trailing once PA is 15pips in profit because I went to sleep.
But there were 2 spikes hitting trailing S/L when i was asleep. shame. but i knew i was going towards a larger TF demand zone. so no big expectations.
so 9.5 pips profit
15min
30min
240min overview
1. High buy volume bar depreciates gradually, i guess institutions are slowly shorting the long orders of others.
2. BB was at correct place in 30min TF. but no good setup for BB in 15min TF. I guess we must look at these 2 SMALL TFs once in a while to spot good BB setups.
However, I short it on the 2nd peak because I've missed the chance of placing a sell limit order on the first peak, once i was done with chart studies.
Since there was a 4H demand zone beneath the 90 min supply zone that are about 40 pips apart, therefore I chose the conservative 20 to 30 pips profit. But I use 7pips trailing once PA is 15pips in profit because I went to sleep.
But there were 2 spikes hitting trailing S/L when i was asleep. shame. but i knew i was going towards a larger TF demand zone. so no big expectations.
so 9.5 pips profit
15min
30min
240min overview
- #1,208
- Jul 10, 2012 3:23am Jul 10, 2012 3:23am
Laurence, perfect looking charts. You are starting to trade like a "Goldman Sachs'" HEDGE FUND MANAGER...Rocky...
Thank you for sharing with us your invaluable skills. I'm just gradually learning along the way. I hope to have more trading discipline.
dont mind if i ask you something? it might sound shameless or naive.
But is the ''Goldman Sachs'' volume indicator on your chart really from GS's live feed data? if so, where can I find them?
Laurence
- #1,209
- Jul 10, 2012 3:47am Jul 10, 2012 3:47am
uhh.. price on AUD/USD retraced back to the demand zone.
1. BB set
2. ultra red vol bar reduced.
but i didnt take the trade. partly because i was sleeping and no buy limit order placed. furthermore, i see that this demand level has been tested so many times. But Rocky did mention that it is important to look at those volume levels.
1. BB set
2. ultra red vol bar reduced.
but i didnt take the trade. partly because i was sleeping and no buy limit order placed. furthermore, i see that this demand level has been tested so many times. But Rocky did mention that it is important to look at those volume levels.
- #1,210
- Jul 10, 2012 5:44am Jul 10, 2012 5:44am
i want to see this ultra high buy candle to fall when PA reaches 90min supply zone. BB set up must apply too. the highest BB line seems very high. wait for this to drop too.
i'm looking at the DX, it is almost reaching it's 4hr and 90 min demand zone. if DX bounce up from there, maybe i would expect to see AUD/USD depreciating from it's supply zone. I dont know, but let's wait and see.
i'm looking at the DX, it is almost reaching it's 4hr and 90 min demand zone. if DX bounce up from there, maybe i would expect to see AUD/USD depreciating from it's supply zone. I dont know, but let's wait and see.
- #1,216
- Jul 13, 2012 7:38pm Jul 13, 2012 7:38pm
Only20gp, Laurence, Great looking charts. Only20gp, nice call on the PA vs. Volume on your Cad chart. I'm sure many Supply and Demand traders who aren't using Volume (Footprints of the Institutions) to keep them in or out of a trade took that Supply Zone and got stopped out, nice call...
[color=blue]I have been scalping Crude Oil all week and making a small fortune. The trades are so fast that I can't show my Analysis. It's a good market to trade but it will eat you alive if you aren't an experienced trader...I'll be on Vacation...
