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  • #3,241
  • Sep 12, 2012 12:22pm Sep 12, 2012 12:22pm
Quoting Greenhaze
Hello guys,

I have that area marked for a long time now .... Lets see if we can get some interesting PA here in coming days/weeks.
If price arrives in a parabolic fashion you stand a chance of a good bounce,
however if it bases just below the chances of a bounce are diminished.

Price has trended for 900 pips I used to take counter trend trades
similar to that set up and found they where too hit and miss.

Rarely does price turn on a dime when taking reversals after a long run up
I would wait for reversal pattern on the 4hr chart and get in on that.

regards m
Constant and never ending improvement
  • #3,242
  • Sep 12, 2012 1:18pm Sep 12, 2012 1:18pm
No brainer, but totally missed it.
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  • #3,243
  • Sep 12, 2012 1:25pm Sep 12, 2012 1:25pm
Quoting Chanya
Seems nice . But I dont understand them ... When ever you are free , Please elaborate the charts with some notes maybe ...
Regards ...
he is just trading into plotted S-R areas where there is huge drop where supply overcoming demand or huge boom where demand overcoming supply,signifies institutional money coming in...and managed trades according to his plan

LJ will elaborate but i jst explained it in simple lines.
  • #3,244
  • Sep 12, 2012 1:28pm Sep 12, 2012 1:28pm
Quoting 5.25
No brainer, but totally missed it.
need balls no to trade that spike..
  • #3,245
  • Sep 12, 2012 1:33pm Sep 12, 2012 1:33pm
Quoting AvanishDemo
need balls no to trade that spike..
I have some ........ But its off the daily resistance turned support ... So no biggy ...
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Human
  • #3,246
  • Sep 12, 2012 2:04pm Sep 12, 2012 2:04pm
Quoting Chanya
Seems nice . But I dont understand them ... When ever you are free , Please elaborate the charts with some notes maybe ...
Regards ...
There are three trades and six charts.

So in order going down...

Charts 1, 3, 5 = how the charts looked before the trade.

Charts 2, 4, 6 = how the charts looked after the trade.

He traded all three as First Time Back (FTB) trades to areas of Supply/Demand zones (SD).

The Supply/Demand zones are visible due to the strong move away from the area. The free trading videos Mark has linked in his post footer will explain a lot of the SD and FTB concepts in greater detail.
  • #3,247
  • Sep 12, 2012 2:39pm Sep 12, 2012 2:39pm
Quoting AvanishDemo
need balls no to trade that spike..
Quoting Chanya
I have some ........ But its off the daily resistance turned support ... So no biggy ...
For HTF traders it goes largely unnoticed, intra-day traders on the other hand can go through a massive emotional ride. Thats where we take advantage
  • #3,248
  • Sep 12, 2012 2:52pm Sep 12, 2012 2:52pm
Quoting matk
If price arrives in a parabolic fashion you stand a chance of a good bounce,
however if it bases just below the chances of a bounce are diminished.

Price has trended for 900 pips I used to take counter trend trades
similar to that set up and found they where too hit and miss.

Rarely does price turn on a dime when taking reversals after a long run up
I would wait for reversal pattern on the 4hr chart and get in on that.

regards m

Thats right... standing in front of that train is very risky there and thats why i'm going to wait for some kind of confirmation and look for tighter entry on ltf.

  • #3,249
  • Sep 12, 2012 2:56pm Sep 12, 2012 2:56pm
Quoting AvanishDemo
need balls no to trade that spike..
I was watching EU while that happened.... price gapped in blink of an eye and i was eager to fade that move but emotions took over
  • #3,250
  • Sep 12, 2012 3:14pm Sep 12, 2012 3:14pm
Quoting unlv_tj
There are three trades and six charts.

So in order going down...

Charts 1, 3, 5 = how the charts looked before the trade.

Charts 2, 4, 6 = how the charts looked after the trade.

He traded all three as First Time Back (FTB) trades to areas of Supply/Demand zones (SD).

The Supply/Demand zones are visible due to the strong move away from the area. The free trading videos Mark has linked in his post footer will explain a lot of the SD and FTB concepts in greater detail.
Got it ... Thanks .....
Human
  • #3,251
  • Sep 12, 2012 3:17pm Sep 12, 2012 3:17pm
Quoting 5.25
For HTF traders it goes largely unnoticed, intra-day traders on the other hand can go through a massive emotional ride. Thats where we take advantage
One thing I don't understand ... I have been trading daily and H4 charts only for months now and it only takes about 2-3 hours per day for me to analyze them and place trades ... But , you people ( Intraday traders ) on the other hand look at every time frame starting from M1 and watch all the pairs as well ... How do you manage em all ???
Human
  • #3,252
  • Sep 12, 2012 3:24pm Sep 12, 2012 3:24pm
LJ,here is chart u posted few days back..
i think something similar happend on Nasdaq..(2nd chart)

was just going through some few odd pairs..
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  • #3,253
  • Sep 12, 2012 3:34pm Sep 12, 2012 3:34pm
2 trades for me today, FTSE and fiber, took a small hit on fiber. Thought I show you only my winning trade A FTSE bulltrap trade on the 8H-TF. Nice supply in combination with a nice PPZ just below are the ingredients for a bulltrap setup, low risk entry on the 15m-TF via a BEOB. Furthermore price is compressing towards that 8H-supply on the 1H-TF, if price is able to consume the last demand below that supply then it will drop towards the start of the compression most certainly
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Pipcrawler
  • #3,254
  • Edited 3:55pm Sep 12, 2012 3:42pm | Edited 3:55pm
Quoting AvanishDemo
LJ,here is chart u posted few days back..
i think something similar happend on Nasdaq..(2nd chart)

was just going through some few odd pairs..
Yes, that is the same thing - it's a buyers trap...novice traders don't watch SD zones, they watch clear SR's and place their orders around them (heck, most think SR zones and SD zones are the same thing - there are a lot of novices out there).

H1 charts of FTSE from today below apart from the 3rd chart which is 30min.
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  • #3,255
  • Sep 12, 2012 3:54pm Sep 12, 2012 3:54pm
Quoting Chanya
Got it ... Thanks .....
These are just standard FTB (First Time Back) trades to SR zones and SD zones i.e. trading the touch of the SR / SD zone.

It's a simple strategy used by the Pro's and these charts were before the event (from my trading room) and after.

It's a pretty common strategy amongst those in the know in the retail space too, except most just trade SR zones and not SD zones (the knowledge of supply and demand zones and how to identify them and trade them is extremely low in the retail space).

What I find with most people that I've encountered that trade them is they are a) extremely picky and b) use wide stops so struggle to have the trade frequency and average %R results I achieve.

I use my knowledge of supply and demand to identify the decision points (as per my vid) and thus can use tighter more 'objective based' stops and I don't believe in being ultra picky, there is no need for it - it's trading scared and all down to having the wrong mindset.
  • #3,256
  • Sep 12, 2012 4:00pm Sep 12, 2012 4:00pm
Quoting Chanya
One thing I don't understand ... I have been trading daily and H4 charts only for months now and it only takes about 2-3 hours per day for me to analyze them and place trades ... But , you people ( Intraday traders ) on the other hand look at every time frame starting from M1 and watch all the pairs as well ... How do you manage em all ???
It takes me about 1HR each morning to review all my charts - probably 30-40 across daily, H4, H1 to find either FTB setups, areas of interest for false breakouts and good higher TF supply or demand zones that price is close too that I want to focus on watching on the VLTF's.

Most of my trades are planned in advance which leaves me time to just watch setups that are close or if I have nothing to watch imminently I'll just watch price action on VLTF's on a few pairs - normally 4-6 pairs consisting of some of the USD majors, sometimes Gold, EJ, UJ too and a couple of the Indices (FTSE, Dow or Dax for example).

Thorough planning in advance is the key.
  • #3,257
  • Sep 12, 2012 4:04pm Sep 12, 2012 4:04pm
Quoting lovejoy80
These are just standard FTB (First Time Back) trades to SR zones and SD zones i.e. trading the touch of the SR / SD zone.

It's a simple strategy used by the Pro's and these charts were before the event (from my trading room) and after.

It's a pretty common strategy amongst those in the know in the retail space too, except most just trade SR zones and not SD zones (the knowledge of supply and demand zones and how to identify them and trade them is extremely low in the retail space).

What I find with most people that I've encountered that trade...

Okay , now let me ask the question which I avoided earlier ... From many sources that I have come across , they say that SD zones are to be drawn as shown in the Images below ... In your recent charts , I see that you draw your SD zones where somewhat different , you choose the whole zone , one example being the one below ... And obviously your charts work out better then when I try ... Can you plz tell me What am I missing ???
Attached Images
Human
  • #3,258
  • Sep 12, 2012 4:30pm Sep 12, 2012 4:30pm
Quoting Chanya
Okay , now let me ask the question which I avoided earlier ... From many sources that I have come across , they say that SD zones are to be drawn as shown in the Images below ... In your recent charts , I see that you draw your SD zones where somewhat different , you choose the whole zone , one example being the one below ... And obviously your charts work out better then when I try ... Can you plz tell me What am I missing ???
A SD zone HAS to incorporate the major decision points - that's the biggest thing to remember.

What is a decision point - it's a key area that price had to move past in order to continue in that chose direction. So for example on the GNZD you need to look to the left and see are there any key areas that price had to break above in order to continue upwards.

A definition that merely just incorporates bar closes falls short of this because there could be bar highs / lows that represent key decision points.

For example take the GNZD example if I'd drawn the zone ignore that SR just above ie. just based on the bar closes I would have missed that FTB trade, yet the most important part of that SD zone was the decision to break above that SR just above.

Take another recent example - NU Daily TF - again the decision to break above those bar highs which is also an SR zone is the most important par of that zone but a zone drawn by bar closes ignore this and again misses where price actually reversed from.

I tried to get this across in my video - don't search for exact definitions or exact methods of drawing SR zones or SD zones - what is more important is thinking about the key points/levels price had to break to continue in it's direction...so for a DBR which is what that NU zone is we need to consider what key levels did price have to break in order to turn direction and head up - thinking objectively and logically about what price had to do, finding those key decision levels (on the current TF and lower TF - because the current TF won't show you the complete picture) is much more important than trying to find a standard way of drawing each zone etc.

A big chunk of understanding price action trading boils down to mindset and how you think about price. The more objective / logical and the less mechanical you can be the more you will achieve.
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  • #3,259
  • Sep 12, 2012 6:18pm Sep 12, 2012 6:18pm
Quoting 5.25
I used to trade this pair quite a bit a while back. Found that it was a pretty reliable exotic.
Quoting lovejoy80
Here is a trade I took earlier, simple SR FTB on EURSGD. Gotta be a bit careful on exotics and crosses at times, but they still present some good setups from time to time.
Just a minor follow up from an earlier point. 5m chart refined the entry once some liquidity came back into the market. (Not a traded setup, mere analysis)
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  • #3,260
  • Sep 13, 2012 11:18am Sep 13, 2012 11:18am
A PA trade today based around a H1, H4 supply zone on GCAD that yielded +2.4R.
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