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  • #8,901
  • Oct 13, 2012 11:38am Oct 13, 2012 11:38am
Quoting munirpt
hi guys

was researching about supply and demand and found this very interesting e-book.


http://www.mediafire.com/view/?p581csqcgm1z3xe

hope that it helps
Here is the thread on FF

http://www.forexfactory.com/showthread.php?t=380676
Cut your Losers short and let your Winners run.
  • #8,902
  • Edited Oct 14, 2012 1:57pm Oct 13, 2012 1:57pm | Edited Oct 14, 2012 1:57pm
Quoting Phx62
1. If price moves strongly in the direction of my trade for 35 to 40 pips, I often move my TP another 50 pips, then monitor the trade for pullbacks.
2. I have studied supply & demand but not enough to completely understand it.....yet. Until I understand it better, I start the week by placing support/resistance lines on previous "sore thumb" areas on the weekly, daily, 4 hour and if a very obvious 1 hour area appears....time frames.
Hope this answers your questions.
Continued success to you.
Heres a Good Thread on Supply/Demand with Rocky

Trading Made Simple with no Lagging Indicators

also Phx62 keep up the good work on those weekly posted Trades very helpfull info & appreciated

Also the Board in General is a great source of info for the S3 strategy thanks to Big-E, Xman, Emmanual7788, Dcginc, Vantage, Britpip7, Dee50 etc...

Don't forget Practice + Patience + Persistence = Profits
  • #8,903
  • Oct 14, 2012 5:39am Oct 14, 2012 5:39am
Hi phx62,

could you tell me the name of the indicator which shows you range of first four hours after NY close?
  • #8,904
  • Oct 15, 2012 12:15am Oct 15, 2012 12:15am
As I have stated before, I trade the EU during the London session.....but right now I am studying another tool to use in my trading. I am doing some experimenting with Market Harmonics and decided to enter a trade at the open of the week based on a retracement just past the 38 fib. This is still a price action trade with the TDI red and yellow lines turning down and the green bouncing off the red line. There was also some divergence during the London session that played out. This is not something I would suggest anyone do without some study....I am just trying to learn more about price action.
On Friday, the high of the day was set in the first hour of NY....following that, price dropped 53 pips, then retraced just past the 38 fib. At market opening today, price opened with a red candle so I entered a trade with a 40 pip SL and a 53 pip TP (to match the 1st impulse leg). TP was hit and even continued for another 18 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.10.14 eu h1.gif Size: 51 KB
  • #8,905
  • Oct 15, 2012 2:06am Oct 15, 2012 2:06am
Quoting Phx62
As I have stated before, I trade the EU during the London session.....but right now I am studying another tool to use in my trading. I am doing some experimenting with Market Harmonics and decided to enter a trade at the open of the week based on a retracement just past the 38 fib. This is still a price action trade with the TDI red and yellow lines turning down and the green bouncing off the red line. There was also some divergence during the London session that played out. This is not something I would suggest anyone do without some study....I...
great stuff! thanks for sharing
  • #8,906
  • Oct 15, 2012 3:37am Oct 15, 2012 3:37am
54 pips trade on EU
Attached Image (click to enlarge)
Click to Enlarge Name: EU_15_10.jpg Size: 146 KB
  • #8,907
  • Oct 16, 2012 8:12am Oct 16, 2012 8:12am
anyone bought Euro this london session?

i wanted to buy after it broke resistance at 1.2992 but i was hesitated because i saw lots of blue synergy bars already and the TDI wasnt crossed (just kept going up and up). If anyone bought this based on x-man system let me know what i didnt see. Thanks!
  • #8,908
  • Edited 10:37am Oct 16, 2012 10:00am | Edited 10:37am
What you missed was a pull back entry, it was more obvious on the 15 min.
I have attached both time frames so you can see it. Entry on the pullback 1.2990, target was 1.3050 based on the 89% fibo and ADR of 1.3055. I use a mixture of Fibos and looking left to determine my TP zone. I use the 15min for better entries, and I do not always wait for the 60 min signal, as you can see.

Currently at B/E +6 on a CT trade that is up 25pips but am monitoring because price has just bounced off the 78% fibo and the W R1 with the D R2 just above, if I am lucky price will hold below the D R2, but W R1 acted as resistance earlier so may be support now.


EDIT.
JUst an update on my CT trade. I closed it out for 26 pips, it is 17.10 here and I stop trading, so according to my rules I have exited.
That is +60 and +26, enough for today.

EDIT 2.
Forgot to mention. Reason for CT trade. Double Top with strong Divergence from OverBought condition, just how I like it. I was allready in the trade before the signal on the 15 min chart, let alone the 1 hr.
Attached Image (click to enlarge)
Click to Enlarge Name: Tue 16102012 1st Trade 15_60.png Size: 84 KB
Cut your Losers short and let your Winners run.
  • #8,909
  • Oct 16, 2012 10:21am Oct 16, 2012 10:21am
Quoting munirpt
54 pips trade on EU
Nicely taken trade, you have certainly learnt well, took me years to get to your level, well done, I would say you have a good future ahead of you.
Cut your Losers short and let your Winners run.
  • #8,910
  • Oct 16, 2012 6:12pm Oct 16, 2012 6:12pm
Quoting dee50
Nicely taken trade, you have certainly learnt well, took me years to get to your level, well done, I would say you have a good future ahead of you.
Thanks for the comment Dee. Still learning with traders like you.
Will be away for one week for business. Cya next week!

Green pips to all the forum members
  • #8,911
  • Oct 17, 2012 12:46am Oct 17, 2012 12:46am
It's said that audusd and usdcad usually trend oppositely, but I found they were in the same direction yesterday (Oct 16). Anybody know why?

Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: audusd& usdcad.png Size: 45 KB
  • #8,912
  • Oct 17, 2012 12:54am Oct 17, 2012 12:54am
thanks dee for the explanation. i actually wanted to open a position at exactly the same spot but was hesitated because asian session was not sideways (but already bullish) hence why i did not open because i thought it needed some consolidation before going up again. I should just took that trade. Also thanks for pointing me out in the M15 session. I usually only looked at H1 and H4 as its too confusing to me if i look at M15 chart (and sometimes PA dont work well in shorter timeframe). I think i still have much to learn
  • #8,913
  • Oct 17, 2012 4:59am Oct 17, 2012 4:59am
Quoting rsg10z
Also thanks for pointing me out in the M15 session. I usually only looked at H1 and H4 as its too confusing to me if i look at M15 chart (and sometimes PA dont work well in shorter timeframe). I think i still have much to learn
I do not trade the 15 min TF often, I use it to fine tune my entries eg. first trade I only needed a 10 pip stop, like you I was cautious so I just reduced my risk by using the lower TF entry.
With the markets as they are, the lower TF can provide more info, it is like reading the small print. 1 hour =4 x 15min candles or 1 hour = 12 x 5min candles.

I scalp the 5min TF when things are a bit slow and believe me PA works the same what ever TF, you just need to be aware that you are looking at less pips.
Cut your Losers short and let your Winners run.
  • #8,914
  • Oct 17, 2012 6:32am Oct 17, 2012 6:32am
Quoting dee50
I do not trade the 15 min TF often, I use it to fine tune my entries eg. first trade I only needed a 10 pip stop, like you I was cautious so I just reduced my risk by using the lower TF entry.
With the markets as they are, the lower TF can provide more info, it is like reading the small print. 1 hour =4 x 15min candles or 1 hour = 12 x 5min candles.

I scalp the 5min TF when things are a bit slow and believe me PA works the same what ever TF, you just need to be aware that you are looking at less pips.
ok thank you
  • #8,915
  • Oct 18, 2012 4:56am Oct 18, 2012 4:56am
Thanks for the information and explanation Dee. As newbie I always try getting experience and remarks of experience traders.
  • #8,916
  • Oct 19, 2012 3:05am Oct 19, 2012 3:05am
Here are a couple of PDFs, One on market cycles, identifying the best entry point for a trade. And, another one on using moving averages, both make interesting reading and both will help with the learning curve.

Seems like this thread is dead which is a pity.

Good luck to everyone
Attached File(s)
File Type: pdf Cycles.pdf   2.2 MB | 3,914 downloads
File Type: pdf MovAgve.pdf   1.3 MB | 3,534 downloads
Cut your Losers short and let your Winners run.
  • #8,917
  • Oct 19, 2012 5:24am Oct 19, 2012 5:24am
thank you very much. im still here. i just didnt open any trade at all in the past 3 days because i never seen a clear entry anymore so I also didnt know what to ask..

yesterday night actually there was a good entry but it was late at my time (1 AM). also the rule is to trade 3-4 first candles of NY session, therefore i didnt open the sell position

but many thanks for the explanation and for the pdf. going to read them now
  • #8,918
  • Oct 19, 2012 9:01am Oct 19, 2012 9:01am
Quoting dee50
Here are a couple of PDFs, One on market cycles, identifying the best entry point for a trade. And, another one on using moving averages, both make interesting reading and both will help with the learning curve.

Seems like this thread is dead which is a pity.

Good luck to everyone
Thank you dee50. looking forward to learning more from you, have a nice weekend!
  • #8,919
  • Oct 19, 2012 11:44am Oct 19, 2012 11:44am
This man Rick Galloway is an amazing teacher, formerly very active here on FF, his trading style makes it look very easy. He uses the TDI on 1hr and 15min charts. He is worth giving some time to if you "really" want to learn, work your way thru his blog you will come out of it much better off (no pun intended) and you will learn more there than you will here. Fact!!!!

Try this link to this video first.

http://www.protradenetwork.com/2012/...ng-your-chart/

If that does not work. Start at the beginning.

The Pro Trader Network — Learn to trade like the Pros!
Cut your Losers short and let your Winners run.
  • #8,920
  • Oct 19, 2012 2:36pm Oct 19, 2012 2:36pm
Quoting dee50
This man Rick Galloway is an amazing teacher, formerly very active here on FF, his trading style makes it look very easy. He uses the TDI on 1hr and 15min charts. He is worth giving some time to if you "really" want to learn, work your way thru his blog you will come out of it much better off (no pun intended) and you will learn more there than you will here. Fact!!!!

Try this link to this video first.

http://www.protradenetwork.com/2012/...ng-your-chart/

If that does not work. Start at the beginning.

[url="http://www.protradenetwork.com/"]The...
I Definitely recommend it!
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