If you look a bit below, there is where he bought. The line you show is his stop-loss when he took the shot: he had moved his stop above his entry price to lock at least $450 in profit, like he wrote in the chart: "Locking in $450"
1 trade per pair per year 6 replies
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Trading 24 hours per day, 5 days per week 14 replies
DislikedIf you look a bit below, there is where he bought. The line you show is his stop-loss when he took the shot: he had moved his stop above his entry price to lock at least $450 in profit, like he wrote in the chart: "Locking in $450"Ignored
DislikedSo what does it do when price is moving your way and hits your first TG (while you have TG2 and TG3)? It automatically exits half of the position or just locks the profit a few pips away from the stop?
How can it be be realized to set an alert instead of a take profit order or to lock the profit?
Thanks.Ignored
DislikedI already squeezed some money with a scalp from this daily zone on EUR, but now, looking at the 15 min chart, looks to me like this congestion could be an accumulation, and we could see a rise in price soon. What do you think Rocky and others? Below, daily and M15 chart:Ignored
DislikedI can try to answer although the question is for Rocky.
1st question: I don't know what you really mean. Rocky buys 3 contracts of a future at price X, then sets three sell orders, each for one contract, at different prices. That's all. He can also set both targets and stops placing orders in the same OCO (One Cancels the Other) group, so that the first one which is executed cancels the other.
2nd question: if you want an alert instead of an automatic execution, use the built in "PriceAlert" indicator, but in order to get the alert you must...Ignored
DislikedHi Pecas - There are big volume candles every time price dips its toe down. If institutions are buying up big it would seem logical that they will eventually mark up the price to offload at a profit... [said with my new VSA infused view of the world!]
Prior to reading up about VSA I would have thought that all the concerted attempts to head south would absorb the pile of demand orders, causing price to drop eventually.
There is of course a third possibility which combines both of the above. Perhaps institutions are buying low (ie. around 1.330x)...Ignored
Disliked
I would recommend watching youtube videos on VSA. Go to YouTube, check out "Trade Guider", you will learn a lot just by watching their educational videos, no need to pay for their program. By the way, I have no relation with this company and have never paid for their software, Rocky...Ignored
DislikedYen futures:
If you take a look at the Weekly chart, price action has entered the Demand zone on ultra high volume.
If you look at the 120 min chart, you see a demand zone within the larger weekly demand zone.
The 30 min chart shows institutions beginning the 'accumulation' phase and volume dropping off as PA enters the shorter time frame demand zone.Ignored
DislikedNice Thread .. Mind If I join the discussion ... I'm still newbie in forex , have a many winning streak beginner luck in the first trade , but always blow up an account in the end , I think I must searching for system that fit me , make a consistent profit , more winning than losing , in the end I heard about S&D and it makes sense to me , so I always searching SD thread and I hope to learn something about SD here and asking a few questions abous S&D, how we can predict how price move , where we should enter the trade , where to put TP and more...Ignored