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''Trading Price II'' by PhAnti - have fun

  • #41
  • Aug 25, 2012 6:36am Aug 25, 2012 6:36am
Quoting PhAnTi'
no, i dont use mental stops.
whenever i enter a trade i place a technical stop. Then i check how much pips is the stop. Then i use the pip size of the stop and my current equity to calculate how much lots i can use for the trade to risk 1 % or less.

hope this is clear now
anyway : mental stops don't work.
clearly.. , i ask this quest , because range of suply demand more than 50pips and more. when calculate suply automaticly will calculate and predict demand too... and average the range is big, big target big stop too.

two cent.. thanks for reply

ps: mental stops only for bernanke and merkell
  • #42
  • Aug 25, 2012 6:44am Aug 25, 2012 6:44am
Quoting jasakreatif
clearly.. , i ask this quest , because range of suply demand more than 50pips and more. when calculate suply automaticly will calculate and predict demand too... and average the range is big, big target big stop too.

two cent.. thanks for reply

ps: mental stops only for bernanke and merkell
well we dont care about the size of the stop as long as we do have a r:r higher than 1:1 and as long as we dont risk more than 1 %. If we need a 150 pip stop then we need a 150 pip stop and we then just decrease our lots, no problem at all.
Hero calls followed by margin calls...
  • #43
  • Aug 25, 2012 9:58am Aug 25, 2012 9:58am
Quoting PhAnTi'
nothing to add...really.
Gotcha...
Ghost Rider - WWTBMD?
  • #44
  • Aug 25, 2012 5:48pm Aug 25, 2012 5:48pm
Hola phanti. Nice thread.
  • #45
  • Aug 25, 2012 6:35pm Aug 25, 2012 6:35pm
Great Work, Bro

I really appreciate and PhAnTi' "action" to be continued...
Always looking the GREAT, never left GOOD Point...
  • #46
  • Aug 26, 2012 9:09am Aug 26, 2012 9:09am
Quoting pkimnyc
Hola phanti. Nice thread.
yooo buddy !



how's trading ? all green?

regards,
Jonas
Hero calls followed by margin calls...
  • #47
  • Aug 26, 2012 9:11am Aug 26, 2012 9:11am
Quoting Tsar
Great Work, Bro

I really appreciate and PhAnTi' "action" to be continued...
thank you bro !

hope it can help to bring traders on the right track to master this business...

once mastered, you will earn enough cash for a lifetime.... and 100 % of the traders want to get wealthy... thats a fact..

best,
Jonas
Hero calls followed by margin calls...
  • #48
  • Aug 26, 2012 11:48am Aug 26, 2012 11:48am
Hi PhAnti. Great e book many thanks.

I wonder if you could help clear something up.

How do you decide which area is the S&D Zone. Obviously on the HTF charts 1 or 2 mm can mean a lot of pips difference. I have attached a chart to try and clarify my question. I have looked around but the definition of a S&D zone appears to be very discretionary. I understand S & R and use it daily in my trading, I understand the concept of S & D but how to define the zone escapes me.
Attached Image (click to enlarge)
Click to Enlarge Name: S&D.png Size: 16 KB
Cut your Losers short and let your Winners run.
  • #49
  • Aug 26, 2012 12:07pm Aug 26, 2012 12:07pm
Quoting PhAnTi'
yooo buddy !



how's trading ? all green?

regards,
Jonas
all good bro. been having some fun with the euro.
nice book. how's trading?
  • #50
  • Aug 26, 2012 1:10pm Aug 26, 2012 1:10pm
Quoting dee50
Hi PhAnti. Great e book many thanks.

I wonder if you could help clear something up.

How do you decide which area is the S&D Zone. Obviously on the HTF charts 1 or 2 mm can mean a lot of pips difference. I have attached a chart to try and clarify my question. I have looked around but the definition of a S&D zone appears to be very discretionary. I understand S & R and use it daily in my trading, I understand the concept of S & D but how to define the zone escapes me.
thanks for your post.
Thats a tough topic.

plenty of traders asked me this question before, and im still not able to deliver the answer in words...
you need to get a brief feeling of marking these zones.
Generally we look to the left and check where price dropped entirely from for a long run to get a supply area and vice versa.
All in all whenever supply exceeds demand and price drops we do have a level where traders decided that price was too high and vice versa.
If we have a rangebox where price moved in between for a several time before finally breaking out we might have a bigger demand supply in this case.

Whenever price ranges we do have a rangebox, means supply and demand are somehow in balance and the herd instinct needs to decide whether price is too high or too low to break down or up. So if price breaks out, we do have a bigger supply/demand area. Sometimes a supply or demand area only consists of a 10 pip range if we go to the smaller timeframes, means that these supply/demand areas are weaker than those from the higher timeframes...thats why we dont aim for a 300 pip trade on a M5 timeframe.

hope this helps,
you might post some charts and i will post you the heads-ups that you can compare your zones with mine.

best,
Jonas
Hero calls followed by margin calls...
  • #51
  • Aug 26, 2012 1:12pm Aug 26, 2012 1:12pm
Quoting pkimnyc
all good bro. been having some fun with the euro.
nice book. how's trading?
trading is fine.
Once you have your line and mastered the market this business makes a lot of fun.
Since i only trade the H1 and higher i dont have any stress placing trades et cetera, i monitor pairs for about 1 hour a day, thats it...
I hate trading the smaller timeframes and i was never profitable doing so...
don't know why :-p

best,
Jonas
Hero calls followed by margin calls...
  • #52
  • Aug 26, 2012 1:13pm Aug 26, 2012 1:13pm
2 traders claimed this e-book as trash... this is fun ...

wonder what they are trading ?
Hero calls followed by margin calls...
  • #53
  • Aug 26, 2012 2:18pm Aug 26, 2012 2:18pm
Quoting PhAnTi'
2 traders claimed this e-book as trash... this is fun ...

wonder what they are trading ?
"Haters gonna hate"

Of all the ebooks I've checked out on FF, this is by far one of the best.
  • #54
  • Aug 26, 2012 2:34pm Aug 26, 2012 2:34pm
Quoting PipJaeger
"Haters gonna hate"

Of all the ebooks I've checked out on FF, this is by far one of the best.
absolutely.... even 3 now ...

anyway im off for the day, daily job calling today...

wish you a nice market open and we'll catch us tomorrow !

take care & trade well,
Jonas
Hero calls followed by margin calls...
  • #55
  • Aug 26, 2012 2:49pm Aug 26, 2012 2:49pm
Just playing around with the charts.. Entry/SL as shown, TP 1:3
How bout it, any comments?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euh1.jpg Size: 82 KB
Click to Enlarge Name: guh1.jpg Size: 77 KB
  • #56
  • Aug 26, 2012 4:42pm Aug 26, 2012 4:42pm
Quoting PhAnTi'
2 traders claimed this e-book as trash... this is fun ...

wonder what they are trading ?
don't worry about them. i think it's great.
  • #57
  • Aug 26, 2012 6:50pm Aug 26, 2012 6:50pm
Hey greetings Phanti, i was wondering, is there such thing as "leverage fees" when we used any form of leverge 1:50, 1:100 etc ? Thks.
  • #58
  • Aug 27, 2012 3:33am Aug 27, 2012 3:33am
Quoting PhAnTi'

you might post some charts and i will post you the heads-ups that you can compare your zones with mine.
Thanks for your response. It is as I thought, the same as when I first started to use Support and Resistance it took a while but now I can just glance at a chart and there they are. Thank you for your offer I will take you up on that.
Cut your Losers short and let your Winners run.
  • #59
  • Aug 27, 2012 4:53am Aug 27, 2012 4:53am
Look Left and All Will Be Revealed.

I first drew S & R lines on the weekly, then looked at the daily to see how they related, did price react to these and how, at what point did price react, drew my S&D zones using S&R line and reaction point and voila, checked 4 hr and 1hr chart for more detail, had price reacted at my S&D zone.

So yeah I get it, I just keep repeating this exercise and the zones will become evident and in the process I will learn how price reacts at these points.


Thanks. This is what I love about trading every now and then I get to become a virgin again.
Cut your Losers short and let your Winners run.
  • #60
  • Aug 27, 2012 7:09am Aug 27, 2012 7:09am
Great stuff Thanks.....
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