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  • #1,481
  • Oct 13, 2012 3:37pm Oct 13, 2012 3:37pm
Quoting rocky
Praveensuri, welcome to my thread. Lets start with question #1. I don't trade as much with a limit order as I did in the past. Limit orders are great for the part-time trader who works a regular 9-5 job. Most good Supply/Demand traders will place their orders at a zone before leaving for work. Limit orders will also reduce slippage when trading the spot forex. It does ensure a good win percentage if you are right with your call.

[color=blue]Unfortunately you have no idea what the intentions of the institutions will be when...
Unfortunately you have no idea what the intentions of the institutions will be when you set a limit order. We have so many traders that are now starting to use this method that eventually the Institutions will capitalize on this and will reverse the market right before the zone or even better will reverse the market 20 or so pips past a qualified zone. They know that most traders have been conditioned to trade with a 15 to 25 pip stop loss. So by intentionally reversing the market 20 or so pips past a zone most retail Supply/Demand traders will be stopped out. This is what I expect the Institutions will start doing aggressively in the near future


Interesting comment Rocky:
Correct me if I am wrong here but the one advantage that we may have is VSA, as it relate to PA. The institutions, I would think, would be hard presses to hide their volume. It is what happens when the move into the market. They will not stop trading size which is what creates the volume. Learning VSA gives us to look behind the curtain.
I think the stop is definitely something they will do. As they have deeper pockets they are able to push price well past these levels. Just building a larger position if you will. But I see an inherent problem with that for the institutions. PA will reflect such additional moves deeper into the area by creating more spikes, pin bars, reversal bars. This will become obvious to the traders who can come in with a MO. Disadvantageous to the Pending Order trader. Their intention is to take it up or down at some point. VSA will show the slowing of price (no follow through). I would think they are unable to get away from that no matter what they do.

I know that large Option trades in stock can be spread across multiple exchanges masking the Smart Monies positions to some degree. But, there are those who have developed a way in which they can see that too.
This is where I think trading the CME (single data stream) vs. Spot Forex (multi data stream) has the advantage. The Forex broker almost acts like their own exchange. One could argue that the more and more Forex brokers push the orders out into a larger pool the more the volume will stabilize giving us a better look at what the bigger players are up to.. That may still be a long way off..??


Good stuff as always
thanks Rocky
TSD
  • #1,482
  • Oct 14, 2012 10:23am Oct 14, 2012 10:23am
Hi Rocky,

I came across your posts recently and I really like what I see here...I have tried achieving consistency in my trading since about an year now, but seriously nothing worked out. I cant say that those systems were bad. May be I lacked something in my understanding of those systems. But here I see something very simple and interesting.

My office network does not allow me to visit non-work related websites. I was wondering if you have a home made PDF or something which has all the rules for this amazing system? I dont want to caue any burden, but if Rocky himself or any other user has some PDF document or something then I request you to kindly help me with that.

Also could you kindly help me with the volume up down indicator. Also the best broker who offers good volume information?


thanks a lot!!
  • #1,483
  • Oct 15, 2012 9:52am Oct 15, 2012 9:52am
Quoting Praveensuri
Rocky,
I have a question which I am hoping you can answer. I also trade using supply and demand zones. Most of the time I day trade. My issues is onentering the trade. As I see it there are two options:
1 Place a pending order at your zone and then when the price hits the zone you are in. In this case you should be prepared to accept the stop loss that might occur in case the zone fails if it has not been identified correctly. However this method also ensures you the best entry.
2 Wait for a confirmation for the price to confirm the validity of...


Hey Bro I have struggled with the same thing and still am.
  • #1,484
  • Oct 15, 2012 1:04pm Oct 15, 2012 1:04pm
Hi Rocky
I trade similarly and I am glad I found this thread.
I noticed you added Volume indi but could not find the page when you started using.
Could you upload your volume indi? thank you
In trading, you have to be defensive and aggressive at the same time
  • #1,485
  • Oct 15, 2012 8:04pm Oct 15, 2012 8:04pm
Quoting Nav90
Hi Rocky,

I came across your posts recently and I really like what I see here...I have tried achieving consistency in my trading since about an year now, but seriously nothing worked out. I cant say that those systems were bad. May be I lacked something in my understanding of those systems. But here I see something very simple and interesting.

My office network does not allow me to visit non-work related websites. I was wondering if you have a home made PDF or something which has all the rules for this amazing system? I dont want to caue any...
Nav90, welcome, I haven't written a PDF but there is plenty of written instruction on why I have taken a certain trade written right on my charts. This should help put you on the right track. These are live "real time" trades rather than "after the fact trades" which give more credence to the success of this method.

As far as giving advice on the best broker I would recommend Mirus Futures using the Ninja Trader platform. The Volume is centralized through the CME and can't be manipulated. It's the actually contracts being bought and sold. To learn how I incorporate VSA study my charts and search "vsa" on the net and this will help you learn how Intitutions Trade.
Thanks, Rocky...
  • #1,486
  • Oct 15, 2012 8:14pm Oct 15, 2012 8:14pm
Quoting Davit
Hi Rocky
I trade similarly and I am glad I found this thread.
I noticed you added Volume indi but could not find the page when you started using.
Could you upload your volume indi? thank you
Hi Davit, The volume I use is for the "Futures" not the spot forex. It's part of the Ninja Traders platform and the feed comes directly from the CME, not a broker. It's not tranferable. Good Luck, Rocky...
  • #1,487
  • Oct 15, 2012 9:28pm Oct 15, 2012 9:28pm
Rocky,

Can you help me with two questions if you would be so kind (i guess this is actually three)?

1. What do you mean by 1-2 swing?
2. When you say VSA, do you mean understanding how volume can help see into the market? When I google VSA, I see a proprietary software and company selling it.

Thank you!
  • #1,488
  • Oct 15, 2012 11:24pm Oct 15, 2012 11:24pm
Quoting rocky
Hi Davit, The volume I use is for the "Futures" not the spot forex. It's part of the Ninja Traders platform and the feed comes directly from the CME, not a broker. It's not tranferable. Good Luck, Rocky...
Thanks for reply Rocky.

Watching Aussie to hit supply zone 1029 and if wont pierce possible short to 22-20 demand zone
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In trading, you have to be defensive and aggressive at the same time
  • #1,489
  • Oct 16, 2012 6:42am Oct 16, 2012 6:42am
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  • #1,490
  • Oct 16, 2012 7:00am Oct 16, 2012 7:00am
Trade closed for 70 ticks x 2 contracts or 140 ticks.

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  • #1,491
  • Oct 16, 2012 12:59pm Oct 16, 2012 12:59pm
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  • #1,492
  • Oct 16, 2012 1:04pm Oct 16, 2012 1:04pm
Trade closed at 3 points x 2 contracts, Very fast trade, Rocky... 2:05pm EST
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  • #1,493
  • Oct 16, 2012 5:25pm Oct 16, 2012 5:25pm
Rocky - Thanks for your selfless effort in sharing your knowledge.

I need little help in knowing the futures market. How can I contact you?

Thanks again!
Thanks to Rocky!
  • #1,494
  • Oct 16, 2012 7:20pm Oct 16, 2012 7:20pm
Quoting Nritv
Rocky - Thanks for your selfless effort in sharing your knowledge.

I need little help in knowing the futures market. How can I contact you?

Thanks again!
Nritv, I'm glad you're enjoying my thread. Right now the only way to contact me is on this thread, I'll try to help you time permitting. Thanks, Rocky...
  • #1,495
  • Oct 16, 2012 7:22pm Oct 16, 2012 7:22pm
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  • #1,496
  • Oct 17, 2012 11:30am Oct 17, 2012 11:30am
Hi Rocky

You identified two candles with extreme low volume as 'No Supply'. But I also see two candles(black) preceding with low volume too. Can you please clarify why you chose the later two.

appreciate your help!

Thanks

Quoting rocky
Trade closed for 70 ticks x 2 contracts or 140 ticks.

Attachment
Thanks to Rocky!
  • #1,497
  • Oct 17, 2012 6:08pm Oct 17, 2012 6:08pm
Hey Rocky , you seem to be using volume , not in the same way all the time. I am confused. Do you use it to tell you when price is slowing down in volume and is going to turn around, for example. Your last chart, you pointed out low volume in that up trend, what are you looking for, a short due to volume diminishing or a long as price pulls back? I have been confused about the use of volume and the right way to interpret it. Can you explain?
  • #1,498
  • Oct 17, 2012 6:09pm Oct 17, 2012 6:09pm
Quoting rocky
Attachment

Referring to that chart
  • #1,499
  • Oct 17, 2012 7:03pm Oct 17, 2012 7:03pm
Quoting Nritv
Hi Rocky

You identified two candles with extreme low volume as 'No Supply'. But I also see two candles(black) preceding with low volume too. Can you please clarify why you chose the later two.

appreciate your help!

Thanks
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  • #1,500
  • Oct 17, 2012 7:49pm Oct 17, 2012 7:49pm
Quoting dappa
Referring to that chart
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