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  • #4,661
  • Apr 8, 2013 1:50pm Apr 8, 2013 1:50pm
Quoting xmzhang
I would like to take the oppertunity to express my gratitude to Mark for everything he has done sofar in re-educating me and others. I do not only admire him as a trader but also as a person, somebody who is generous enough to share his precious trading knowledge with us for free, where other so called guru's would easily charge you $299 for some piece of crap. Especially the collection of his free video's are gold and we get them to watch for free, you can't find such information somewhere else on the internet or in a book. This tells me that Mark...
So true - Thanks Mark for everything you taught us.
The purpose of knowledge is action, not knowledge
  • #4,662
  • Apr 8, 2013 2:37pm Apr 8, 2013 2:37pm
Crikey, thanks for all the posts folks, it means a lot...there will be another add-on to the current website material soon and this has given me some motivation to get organised and start the ball rolling on this over the course of this week.

Haven't got time to read through all the posts in detail at the moment, but here is a trade I took today - was only watching the markets for a couple hours but managed to take this Dax PA trade for +1.82R.
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  • #4,663
  • Edited 7:52pm Apr 8, 2013 5:59pm | Edited 7:52pm
For the last year or so I've been looking for somewhere to begin an earnest S/D study and believe I've found a great place to start. Thanks to 5.25 for some insight the last few days. Special thanks to LJ80 for this thread and the guild. I've spent some time over the last few days going through posts and videos only really scratching the surface I know....

The only way I know to start is to start posting charts (as rudimentary as they may be) with my thoughts. Criticism always appreciated. These will probably start off in hindsght, but hope to quickly work my way toward real time charts and some demo trades.


Looking at GU I saw a Rally Base Rally on 4H, creating a demand zone. It looked to me like the decision could be seen on the 15 min. Potential entry at the top of the gray box, s/l below and a target at the 15 minute resistance. Target could be 15 min resistance marked in orange.
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  • #4,664
  • Apr 8, 2013 7:23pm Apr 8, 2013 7:23pm
I also want to congratulates Mark for his initiative.
I am a fx spot trader for many years, but become a bit profitable only 2 years ago, when I discovered how to work with these levels. Supply/Demand, market structure and VSA, is what I use.
Anyways, all this stuff is sold very expensively out there, as you know. It is very good and happily surprising to have someone sharing this knowledge here.

I also would like to participate with charts and share my efforts to become a better trader myself and, if possible, also help others.

Thank you, Mark!

Cheers!
  • #4,665
  • Apr 9, 2013 5:48am Apr 9, 2013 5:48am
Quoting Donkey
For the last year or so I've been looking for somewhere to begin an earnest S/D study and believe I've found a great place to start. Thanks to 5.25 for some insight the last few days. Special thanks to LJ80 for this thread and the guild. I've spent some time over the last few days going through posts and videos only really scratching the surface I know.... The only way I know to start is to start posting charts (as rudimentary as they may be) with my thoughts. Criticism always appreciated.
Hey Donkey

Nice charts and setup, I can't fault it. I was looking at this area too but the time of day didn't suite (21:00 GMT) if I remember correctly. It's not so much a rule more a personal preference, I like to trade with immediate momentum.

Some good multi-time frame analysis there.
  • #4,666
  • Apr 9, 2013 8:52am Apr 9, 2013 8:52am
Since we are talking about Long bias on GU (Daily close above range + new HL/HH), I saw this long opportunity today. What do you guys think?

M5 False breakout (M10 bar) of a clear level/swing low.

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M1 entry after Supply that lead to the FB is fully consumed/ignored and turns Demand (QM style)

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I don't need easy. I just need possible.
  • #4,667
  • Apr 9, 2013 12:58pm Apr 9, 2013 12:58pm
Quoting 5.25
Hey Donkey Nice charts and setup, I can't fault it. I was looking at this area too but the time of day didn't suite (21:00 GMT) if I remember correctly. It's not so much a rule more a personal preference, I like to trade with immediate momentum. Some good multi-time frame analysis there.
... having said that, just took this trade as an exception. LTF false breakout, with a D1 swing high added for confluence. I find that the aussie dollar still has some good movement across Asia.
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  • #4,668
  • Apr 9, 2013 2:07pm Apr 9, 2013 2:07pm
Quoting 5.25
... having said that, just took this trade as an exception. LTF false breakout, with a D1 swing high added for confluence. I find that the aussie dollar still has some good movement across Asia. {image}
Nice!

I'm waiting for this to happen atm (its a H1/Daily FB and should have momentum during Asia cause of AUD as you mentioned):

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I don't need easy. I just need possible.
  • #4,669
  • Apr 9, 2013 2:22pm Apr 9, 2013 2:22pm
Quoting DaGrizlyBull
Nice! I'm waiting for this to happen atm (its a H1/Daily FB and should have momentum during Asia cause of AUD as you mentioned): {image}
I've come across many scenarios when can price reaches it's FTA, retraces to the original DP before moving back in your favour. I wouldn't hesitate shorting again as per your chart after taking full profits at TP1. The drawback on this is that you could miss out those 'runners' i.e. good momentum trades. I usually prefer to let it run when price is well compressed and 'graphically perfect' unlike tonights example.
  • #4,670
  • Apr 9, 2013 2:29pm Apr 9, 2013 2:29pm
Quoting Donkey
For the last year or so I've been looking for somewhere to begin an earnest S/D study and believe I've found a great place to start. Thanks to 5.25 for some insight the last few days. Special thanks to LJ80 for this thread and the guild. I've spent some time over the last few days going through posts and videos only really scratching the surface I know.... The only way I know to start is to start posting charts (as rudimentary as they may be) with my thoughts. Criticism always appreciated. These will probably start off in hindsght, but hope to quickly...
I had the same setup planned with the same FLR
  • #4,671
  • Apr 9, 2013 2:31pm Apr 9, 2013 2:31pm
Quoting DaGrizlyBull
Since we are talking about Long bias on GU (Daily close above range + new HL/HH), I saw this long opportunity today. What do you guys think? M5 False breakout (M10 bar) of a clear level/swing low. {image} M1 entry after Supply that lead to the FB is fully consumed/ignored and turns Demand (QM style) {image}
Nice setup - where did you enter back at the scene of the FB or after the breakout and retest of the zone you marked?
  • #4,672
  • Apr 9, 2013 2:33pm Apr 9, 2013 2:33pm
Quoting MBatini
It's late night, but I feel a few words are mandatory. Knowledge is a powerful tool, but much more power, a totally different set of side effects, is possible only with 'free' knoledge. The prblem with knowledge is that it keeps effort on BOTH sides to be transeferred, the teacher and the student. I, as a novice in this field, find that in trading there is no big difference with any type of study you have to afford, there is work to do and if you do it well with the time needed, MAYBE you get it. In the trading field all the students are good students,...
Very nice analysis there.

I would not really trade that as a standard FTB, I'd be looking for VLTF PA for a reaction of there or an FTB (on the basis it might turn into an FB - i.e. less risk cos effectively you are trading straight back into an SR flip) or wait for the FB.
  • #4,673
  • Apr 9, 2013 2:34pm Apr 9, 2013 2:34pm
1 FTB trade for me today on AJ:
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  • #4,674
  • Apr 9, 2013 2:43pm Apr 9, 2013 2:43pm
Quoting lovejoy80
1 FTB trade for me today on AJ: {image} {image}
Nice one, I was happily asleep around that time after a hard Monday, but I did manage to get into this one.

UCAD FTB, it coincided with CAD news, but they were supportive of the setup (I still managed to mess up the entry).

P.S. finally some FTBs coming up after a pretty poor month.
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  • #4,675
  • Apr 9, 2013 2:47pm Apr 9, 2013 2:47pm
Quoting freeze
Nice one, I was happily asleep around that time after a hard Monday, but I did manage to get into this one. UCAD FTB, it coincided with CAD news, but they were supportive of the setup (I still managed to mess up the entry). P.S. finally some FTBs coming up after a pretty poor month. {image}
I had that one planned too but wasn't around and as you mentioned it triggered around news time.
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  • #4,676
  • Apr 9, 2013 2:51pm Apr 9, 2013 2:51pm
Quoting lovejoy80
Nice setup - where did you enter back at the scene of the FB or after the breakout and retest of the zone you marked?

Hey. I didn't take it. I took a UJ short at the same time which i managed to f**k up through bad trade management. I would have entered on the Supply->Demand flip.
I don't need easy. I just need possible.
  • #4,677
  • Apr 9, 2013 3:51pm Apr 9, 2013 3:51pm
Quoting DaGrizlyBull
Nice! I'm waiting for this to happen atm (its a H1/Daily FB and should have momentum during Asia cause of AUD as you mentioned): {image}
And of course it chose the FB instead of the BO - 0.6R

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I don't need easy. I just need possible.
  • #4,678
  • Apr 9, 2013 5:41pm Apr 9, 2013 5:41pm
Thanks to LJ and 525 for the response to my first charts and post in this thread.

Last night I marked up 4H move up on EU as a potential RBR createing a pocket of demand and dropped down into the 5 min to look for a decision point. I also marked what looks to be a major supply area for future reference. 2 charts below....

I then marked up potential FTB entry and S/L placement points (very aggressive, somewhat aggressive, and comfortable for me) on the 5 min and left overnight. I am on EST so this would have been well prior to London open. 3rd chart below..

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  • #4,679
  • Apr 9, 2013 5:52pm Apr 9, 2013 5:52pm
[quote=Donkey;6589660]Thanks to LJ and 525 for the response to my first charts and post in this thread. Last night I marked up 4H move up on EU as a potential RBR createing a pocket of demand and dropped down into the 5 min to look for a decision point. I also marked what looks to be a major supply area for future reference. 2 charts below.... I then marked up potential FTB entry and S/L placement points (very aggressive, somewhat aggressive, and comfortable for me) on the 5 min and left overnight. I am on EST so this would have been well prior to London open. 3rd chart below.. {image} {image} {image}[/q]

I checked charts prior to work to notice that price had already bounced at my potential entry at top of 5M demand and took out my agressive stop at the bottom of 5M supply....my stop 2 (which is still aggressive for my current tastes) was never really touched.

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Current chart shows where price is with a nice move away from the supply zone. Pretty cool to see....I think I'm going to like learning the FTB entry, assuming this was a good one.
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  • #4,680
  • Apr 9, 2013 8:06pm Apr 9, 2013 8:06pm
Going to watch ucad...

4H demand zone ( I see a larger one below the one Ive marked up - stacked demand zone??)
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locating source of breakout on 15 min
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Defining potential entry and s/l placement
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defining the FLR on 4HR time frame with additional notes on current PA. i would be watching for a sharp move down in the area I have marked on 1H or 4H...FLR approx 1R away.
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