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  • #1,221
  • Jul 17, 2012 3:29am Jul 17, 2012 3:29am
short again

http://s19.postimage.org/f5ykcks3n/guss.gif

(http://postimage.org/image/et766e9tr/)
  • #1,222
  • Jul 17, 2012 4:23am Jul 17, 2012 4:23am
Quoting jasakreatif
short again

http://s19.postimage.org/f5ykcks3n/guss.gif

(http://postimage.org/image/et766e9tr/)
where is the supply? are you using the same method?
  • #1,223
  • Jul 17, 2012 9:41am Jul 17, 2012 9:41am
50 % Retrace
98% Extention
27% Pitchfork

High Volume....Now waiting for lower volume
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  • #1,224
  • Jul 17, 2012 10:38am Jul 17, 2012 10:38am
Quoting only20gp
50 % Retrace
98% Extention
27% Pitchfork

High Volume....Now waiting for lower volume
It is still on the way to the Zone...
  • #1,225
  • Edited 1:02pm Jul 17, 2012 12:37pm | Edited 1:02pm
Quoting vitall
It is still on the way to the Zone...
yup, it retraced before hitting the zone, it should come back within a few hours. in the mean time, same pair... 15 minute

61% Fib Retrace
-61% Fib Extention

with the pink trend line going through it, very high risk trade as i hate these small time frames but im bored and just playing on the demo

EDIT: 20 Minutes later closing this quick scalp with 9 pips.
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  • #1,226
  • Jul 17, 2012 4:07pm Jul 17, 2012 4:07pm
Nzd 60 Minutes

think my pitchfork might be alittle off though
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  • #1,227
  • Jul 17, 2012 11:22pm Jul 17, 2012 11:22pm
Hey which ninja trader demo account are you guys using?
  • #1,228
  • Jul 18, 2012 10:05am Jul 18, 2012 10:05am
Hey Dappa, I am using mirrus Futures, but still not live yet, only going live end of this month if my trades continue as they are. Minimum starting amount is around 2500 usd. Just not sure if i can withstand a 20 pip drawdown with that amount on margin.
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  • #1,229
  • Jul 18, 2012 10:14am Jul 18, 2012 10:14am
Quoting only20gp
Hey Dappa, I am using mirrus Futures, but still not live yet, only going live end of this month if my trades continue as they are. Minimum starting amount is around 2500 usd. Just not sure if i can withstand a 20 pip drawdown with that amount on margin.
only20gp

Just curious???

You’re trading a mini or micro account on the 2500.00 margin correct? If you’re trading a full account it will be very difficult to withstand too many 20 pip draw down. What is the maintenance requirement on 2500.00?

TSD
  • #1,230
  • Jul 18, 2012 10:16am Jul 18, 2012 10:16am
Quoting only20gp
Hey Dappa, I am using mirrus Futures, but still not live yet, only going live end of this month if my trades continue as they are. Minimum starting amount is around 2500 usd. Just not sure if i can withstand a 20 pip drawdown with that amount on margin.
Hey thanks for the advice, Nice looking chart. man you sure look like you got this down packed bro. How long does the demo accont last for and do you use the ninja trader platform to take trades off of spot forex?it Does the futures chart mirror spot forex?
  • #1,231
  • Jul 18, 2012 10:18am Jul 18, 2012 10:18am
Quoting TraderinSD
only20gp

Just curious???

You’re trading a mini or micro account on the 2500.00 margin correct? If you’re trading a full account it will be very difficult to withstand too many 20 pip draw down. What is the maintenance requirement on 2500.00?

TSD
No, not trading mini or micro, smallest size I can trade is 1 full lot. Not sure what you mean by how much is the maintenance? my stop losses are not more than 20 pips and I wont be trading more than one trade at a time.
  • #1,232
  • Jul 18, 2012 10:18am Jul 18, 2012 10:18am
Quoting TraderinSD
only20gp

Just curious???

You’re trading a mini or micro account on the 2500.00 margin correct? If you’re trading a full account it will be very difficult to withstand too many 20 pip draw down. What is the maintenance requirement on 2500.00?

TSD
yeah whats your marging 100:1.... is it like spot forex, standard lot is $10 per pip?
  • #1,233
  • Jul 18, 2012 10:20am Jul 18, 2012 10:20am
Quoting dappa
Hey thanks for the advice, Nice looking chart. man you sure look like you got this down packed bro. How long does the demo accont last for and do you use the ninja trader platform to take trades off of spot forex?it Does the futures chart mirror spot forex?
Demo is only for a month, suppose you can always open another one after a month, you can also use volume from the futures to trade spot, but after switching to futures, I find it much easier and more winning trades, No stop hunting from greedy brokers.
  • #1,234
  • Jul 18, 2012 10:22am Jul 18, 2012 10:22am
Quoting dappa
yeah whats your marging 100:1.... is it like spot forex, standard lot is $10 per pip?
I found that some are $5 or $6 per pip and some are like $10 or $12.

Cant really find a place to check the margin but i really doubt its 100:1, should be much less.
  • #1,235
  • Jul 18, 2012 10:31am Jul 18, 2012 10:31am
Quoting only20gp
Demo is only for a month, suppose you can always open another one after a month, you can also use volume from the futures to trade spot, but after switching to futures, I find it much easier and more winning trades, No stop hunting from greedy brokers.
only20gp

I trade the spot at this point... Have traded indexes primarily / Emini's but did not trade this method. After following/lurking what Rocky has been sharing I will agree, currency "futures" are the better way to go IMHO.

The standardization of volume and the use of time and sales gives one a much better picture of what is happening at a given S/D zone.

I will agree w/ Dappa... Appears you are doing very well with this method.

Continued success

TSD
  • #1,236
  • Jul 18, 2012 11:58am Jul 18, 2012 11:58am
only20gp I have another question hopefully it be easy for me to understand. How is it that you determine your support and reistance levels and which time frame do you look at for those levels, and what do you look for as far as volume when price reaches these levels, increasing volume decreasing volume?
Like i said I am able to determine where it is from sam's videoes but how do you guys draw the zones, that has always eluded me?.
  • #1,237
  • Jul 18, 2012 12:00pm Jul 18, 2012 12:00pm
There aren't alot of traders that follow this method, is it because no one understandsi it or those before me have reached success and no longer have time to post and are making lots of money......
  • #1,238
  • Jul 18, 2012 12:03pm Jul 18, 2012 12:03pm
If you don't mind 20gp could you post a chart explaing volume with your support and resistance criteria, this method is the way to go it seems, I see rocky and you just about winning every single trade and Im like wow it cant be that easy. But maybe its not easy but just that simple?
  • #1,239
  • Jul 18, 2012 12:14pm Jul 18, 2012 12:14pm
Quoting dappa
only20gp I have another question hopefully it be easy for me to understand. How is it that you determine your support and reistance levels and which time frame do you look at for those levels, and what do you look for as far as volume when price reaches these levels, increasing volume decreasing volume?
Like i said I am able to determine where it is from sam's videoes but how do you guys draw the zones, that has always eluded me?.
I start the week looking for (not support ressistance levels) supply and demand levels, starting from daily time frame then 4h then 1h. I recommend using around 5 pairs only or else you will loose your focus. To determine what is a level, watch the sam seiden videos, there are around 20 of them, he explains in details. basically look for where there was a fight between the bulls and bears

and whichever one won, price really took off, i mean really took off, then you know there is great inbalance of supply and demand. normaly when price returns there, there should be a bounce off that level, but its must be there 1st time price touches that level, so always look left to see if the area if fresh.

if and when price reaches there again, in this case lets say a "fresh" supply zone, look for a strong green volume bar before it reaches there, that means the big guys are pushing price to that area, but when it reaches the are, now look for small green volume bars, like, really small.

that means there is no intrest in taking price higher, most likely it will fall (NOT ALWAYS)

Now allign all this with a fib study and there you have, you have a valid entry with the odds in your favor.

but becarful .... if you are close to a 4h supply zone and you have just spotted a 1h demand zone, stay away.

Thats how I do it, others might do it alittle diffrent.
  • #1,240
  • Jul 18, 2012 12:16pm Jul 18, 2012 12:16pm
Quoting dappa
If you don't mind 20gp could you post a chart explaing volume with your support and resistance criteria, this method is the way to go it seems, I see rocky and you just about winning every single trade and Im like wow it cant be that easy. But maybe its not easy but just that simple?
go to post 887, all this has been coverd b4
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