Cut your Losers short and let your Winners run.
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,523 Posts
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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fun with an excel/vba price sim 1 reply
DislikedHey,
thanks again for your precise questions, they will help answering a lot of the reader's questions as well.Ignored
DislikedThanks for your detailed response. When I have had time to digest the info I´ll be Back.Ignored
DislikedHi Phanti,
Reading your book and will do that again and again. As everybody said its masterpiece.
Question ::: Below is the chart of EUR/GBP , Do you think its right place to sell and its supply area....Ignored
DislikedHi Phanti,
I have been learning to trade the S/D methods doing ok so far, is it ok if i get your opinions on the S/D i mark out on the charts (can i post my set up on your thread) as i still yet to master this method, i have gone through your thread you do a very good job with your explanation very clear i have downloaded your ebook its great resource for learning your method, so if you can please have look at my chart below and commentIgnored
DislikedHi Jonas, thanks for this nice encapsulation of S & D trading.
I apologise in advance if this has been covered already but I have a question about your application of divergence. You have shown examples of divergence on weekly and daily charts.
My problem with divergence is this; it looks great with a visual back test but in real time (because it is always based on lagging indicators) by the time divergence is confirmed, price has moved on and the opportunity has passed.
So, do you only look at lower TF charts for divergence, or what?Ignored
DislikedHey swg,
thanks for this entire question.
Since i only trade the H1 + timeframes i dont search for divergences at the smaller TFs at all ....
Whenever price touches or returns to one of my predefined supply/demand areas i check if there is a developed divergence or not.If yes i am thankful and take it as an additional indicator. I never never never trade just by looking for divergences. I only combine them with pinbars,engulfments at supply/demand areas.
We get very very powerful trades if we combine these indicators.
hope this helps ?!
best...Ignored
DislikedThanks for the quick response Jonas. However, when I referred to lower TFs I was actually meaning H4 and H1, nothing lower. For example, on H4, it can easily take several bars ( +/- a whole day) before divergence is confirmed, during which time price could have moved 100 pips or more. That is one of the reasons I gave up using divergence in my trading.Ignored
DislikedThanks for the quick response Jonas. However, when I referred to lower TFs I was actually meaning H4 and H1, nothing lower. For example, on H4, it can easily take several bars ( +/- a whole day) before divergence is confirmed, during which time price could have moved 100 pips or more. That is one of the reasons I gave up using divergence in my trading.Ignored
DislikedIf it is any help to you. With 4h zones I will look at 1h or even 15m chart for divergence as price approaches.Ignored
DislikedHey !
thank you for your kind words.... i had a fucking loooooooooong day today...my daily job is killing me these weeks...
thats why i dont have any certain time to post here right now, ill keep my heads up pretty short...hope you dont mind...
hope the chart helps, if not let me know
AttachmentIgnored
DislikedHi Jonas. Not intending to steal your thunder here, but It was interesting reading the articles from DailyFX written by James B Stanley a trainer on Daily FX. Read "The forces of Supply and Demand" first. I converted them to PDF makes them easier to refer back to.Ignored
DislikedIt's a well known fact that phanti was not the one to invent these concept from scratch.
The merit of his book lies in his simple and understandable explanation, coupled with his personal take on how to use these concept in the market.
Very good book for beginners and good reference if you already know the stuff.Ignored
DislikedThanks Phanti...
Will post more charts as I go and learn ... Had a good loss on GBP/AUD as it showed pin bar and went the other way... Well was practicing in demo account ...
CheersIgnored