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  • #3,921
  • Aug 7, 2013 9:49am Aug 7, 2013 9:49am
Quoting Murdetrain
{quote} Were there any specific websites/books that you had in mind that teach price action+supply/demand zones?
@Murdetrain:

Unfortunately no, the best advice I can give anyone is to get the formal training. I have no recommendations as to where to go as I am not here advertising for anyone.

Do your research and choose wisely?

  • #3,922
  • Aug 7, 2013 9:51am Aug 7, 2013 9:51am
Quoting kaka_ht
{quote} Hi HDA!How do u think about USD/CHF now? PA reach to near 0,9200 area!I think this area is very strong demand zone!Need some words from you!
@kaka_ht:

Then trade your plan
  • #3,923
  • Aug 7, 2013 9:51am Aug 7, 2013 9:51am
Quoting HDA
{quote} @Mr. Scott: Very very good Mr. Scott I remember those posts you made very very well and when we make our posts, we have to also take the trade. Please see analysis for this trading week August 4-9, 2013 that was written on August 4, 2013 before the markets opened. Once you read the analysis - go to charts of each currency and see what has happened. Only the EUR/USD is still taking its time. The EUR/USD is building a bear flag on the 4H Chart. http://www.forexfactory.com/showthre...19#post6866419 +1 VOUCH...

Thank you, glad you noticed.

I previously read that post but worth reading again. I do like your picture, my joke was I find it wistful. Out to enjoy some exercise and nice weather.

Scott
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,924
  • Aug 7, 2013 9:52am Aug 7, 2013 9:52am
Quoting Murdetrain
{quote} Do you have a resource where we can learn more about demand/supply zones?

This will help you
Attached File(s)
File Type: pdf BRV_S+R_Trading.pdf   652 KB | 557 downloads
In trading, you have to be defensive and aggressive at the same time
  • #3,925
  • Aug 7, 2013 9:55am Aug 7, 2013 9:55am
HDA
After reading your post we trade similarly.I am a swing trader as well.
Nice to meet another
80% of my orders are Shorts.Just works for me better.
In trading, you have to be defensive and aggressive at the same time
  • #3,926
  • Edited Aug 8, 2013 2:05am Aug 7, 2013 9:56am | Edited Aug 8, 2013 2:05am
Quoting lebleup
{quote} "Only the EUR/USD is still taking its time." HDA.... I recall your speaking of the LONGS getting sucked into the EUR/USD. I am actually hearing right now, a guy who has been short the EUR/USD big time. But he is turning. He closed his shorts and "nibbling" going LONG the EUR/USD. This seems to be the ploy you spoke about. The big boys are getting folks to go LONG which is setting up the final push over to the short side. I am on the edge of my seat on this EUR/USD trade. lol The USD/CAD worked out pretty much the way your analysis read...
@lebleup:

Trade your plan. Trade your plan. I have covered my risk in the EUR/USD trade with 250 pips profit. I am stress free in my trade.

Please see post:
Managing My Risk: http://www.forexfactory.com/showthre...64#post6870564

Question: http://www.forexfactory.com/showthre...78#post6877178

Answer: http://www.forexfactory.com/showthre...86#post6877486

Losses/Reduction in Profits: http://www.forexfactory.com/showthre...32#post6870632
  • #3,927
  • Aug 7, 2013 10:01am Aug 7, 2013 10:01am
Quoting Mr. Scott
{quote} Thank you, glad you noticed. I previously read that post but worth reading again. I do like your picture, my joke was I find it wistful. Out to enjoy some exercise and nice weather. Scott
@Mr. Scott:

Understood
  • #3,928
  • Aug 7, 2013 10:03am Aug 7, 2013 10:03am
Quoting Davit
HDA After reading your post we trade similarly.I am a swing trader as well. Nice to meet another 80% of my orders are Shorts.Just works for me better.
@Davit:

Pleased to meet you?

  • #3,929
  • Aug 7, 2013 10:03pm Aug 7, 2013 10:03pm
Quoting TauTrader
Good day to you, After analysis, entering long on Monday. Targets on my chart. Will pop in from time to time to look at progress over the next few weeks. All the best {image}
Good day to you,

Closed all longs - had 4. Scaled in since monday with the larger sized longs lower down. Still have higher targets, but stepping back for a while first.

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm15.png Size: 61 KB
  • #3,930
  • Aug 7, 2013 10:35pm Aug 7, 2013 10:35pm
waiting for the london session to open. looking for a potential shorts...
Come tomorrow, I'll wake up new
  • #3,931
  • Edited 2:04am Aug 8, 2013 12:52am | Edited 2:04am
Quoting HDA
{quote} @new_member: I have just taken profit again at 1.0440. There are heavy sell orders mounted pre 1.0450 so I have taken the profit and am now waiting to re-enter lower if and when those sell orders get filled. I will buy again between 1.0400 and 1.0380 and hold the trade to 1.0500 or 1.0600 as stated earlier, taking some profit again at 1.0450 but I will have to monitor the trade, orders, options and news feed to make a final decision. I still will continue to hold my original entry...


@new_member:

At 3:05am Eastern my long limit order on USD/CAD was triggered at 1.0400 as previously stated, I said I would take. Now I am setting up to take profit at 1.0450 where heavy sell orders are.

This is what I mean, when I say trade your plan.



Gone Back To bed

EDIT:

Almost forgot - remember to keep moving your stop up to protect all the profits from the original entry of 1.02691.

I'm still holding short the EUR/USD, lets see what happens and never forget to manage the risk on your trades.

Please see post again:
Managing My Risk: http://www.forexfactory.com/showthre...64#post6870564

Question: http://www.forexfactory.com/showthre...78#post6877178

Answer: http://www.forexfactory.com/showthre...86#post6877486

Losses/Reduction in Profits: http://www.forexfactory.com/showthre...32#post6870632
  • #3,932
  • Aug 8, 2013 2:26am Aug 8, 2013 2:26am
News Just Coming Over The Wire:


Fresh Sell Orders may emerge ahead of 1.0450 if spot passes 1.0431

So I'm adjusting my take profit 10pips lower to 1.0440 from 1.0450

See how important subscription news feeds are, they help you to trade better. You get very credible possible heads up on things before they happen and then you as the trader, can decide how you want to use that information.

The wire goes on to mention that stops are above the 1.0450 sell orders and if hit we can see the USD/CAD inflate to 1.0500 and this is why you do not close the original entry from 1.02691 so that you will still be in the trade if this should occur.

Hope this real time information helps

  • #3,933
  • Edited 2:53am Aug 8, 2013 2:37am | Edited 2:53am
Quoting HDA
{quote} @new_member: At 3:05am Eastern my long limit order on USD/CAD was triggered at 1.0400 as previously stated, I said I would take. Now I am setting up to take profit at 1.0450 where heavy sell orders are. This is what I mean, when I say trade your plan. Gone Back To bed EDIT: Almost forgot - remember to keep moving your stop up to protect all the profits from the original entry of 1.02691. I'm still holding short the EUR/USD, lets see what happens and never forget to manage the risk on your trades. Please see post again: Managing My Risk:...
Excellent stuff HDA. The map of a swing trader's path to profitability. This is really an excellent lay-out of showing all how YOU approach a trade, accessing what is a good time to enter a trade, and how to take profits along the way, looking out to the most probable final profit target, yet taking profits along the way on the smaller oscillations, protecting your profits and limiting losses to a minimum. This is text book classic!

"Hope this real time information helps"...... Yes it does. It certainly does.

Very excellent indeed! Much thanks.
It's the simple things in life that have the most powerful meaning.
  • #3,934
  • Aug 8, 2013 6:51am Aug 8, 2013 6:51am
Quoting HDA
News Just Coming Over The Wire: Fresh Sell Orders may emerge ahead of 1.0450 if spot passes 1.0431 So I'm adjusting my take profit 10pips lower to 1.0440 from 1.0450 See how important subscription news feeds are, they help you to trade better. You get very credible possible heads up on things before they happen and then you as the trader, can decide how you want to use that information. The wire goes on to mention that stops are above the 1.0450 sell orders and if hit we can see the USD/CAD inflate to 1.0500 and this is why you do not close the...
from where do you get your news subscription?
Come tomorrow, I'll wake up new
  • #3,935
  • Edited 7:53am Aug 8, 2013 7:15am | Edited 7:53am
Stop hit!

(-20) pips on last long trade taken at 1.0400

All longs closed
  • #3,936
  • Aug 8, 2013 7:27am Aug 8, 2013 7:27am
Quoting HDA
Stop hit! (-20) pips on last long trade taking at 1.0400 All longs closed

Thank you HDA, was just typing the question if your target for this one was 1.044. So, even if you reenter trades at s/d, you still would take those trades with a 2:1 rr?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,937
  • Aug 8, 2013 7:52am Aug 8, 2013 7:52am
Quoting Mr. Scott
{quote} Thank you HDA, was just typing the question if your target for this one was 1.044. So, even if you reenter trades at s/d, you still would take those trades with a 2:1 rr?
@Mr.Scott:

You make the decision based on where support/resistance would find itself if you are buying or selling.

  • #3,938
  • Aug 8, 2013 3:01pm Aug 8, 2013 3:01pm
100 pips today.

USDCAD is the best pair to me.
  • #3,939
  • Aug 9, 2013 5:18am Aug 9, 2013 5:18am
USD_CAN_ SUch a cheap pair
  • #3,940
  • Aug 9, 2013 5:20am Aug 9, 2013 5:20am
USD_CAD :
8:30am
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