Learn and Share your Trades using Charts and S/D Levels

I am going to share a good majority of my trades here by posting my Before and Final chart images.

Anyone here is encouraged to share anything they want to. Keep it appropriate. Trading related things only.

I will also include a Skill Developement work sheet along with my "Final " chart images.(typed or from power point)

It will include basic information that will include:

-Trade Criteria Met?
-Pre-Planned?
ENTRY:
-Followed Entry Tactics?
-Precision Entry?
RISK:
-Position Size Correctly?
-Stop Placed?
-Stop At Good Location?
EXIT:
- Followed Exit Tactic?
- Precision Exit?
ANALYSIS:
- Did I study my trade?

These will all be judged by YES or No answers. I will keep it simple so that I don't make my common mistakes.

I am not allowed to think during a trade because I will have a predetermined plan in place before entry.

I will look for obvious and compelling setups for entries.

Stops will be based off of my entry Supply and Demand levels.

Targets will vary widely as to allow profits to run.

I will not preconcieve the possible direction of a trend change. (Meaning I will not trade against the trend until confirmation of a HH/LL, or at the extreme on the curve)

I use Daily, Hourly, and 5min charts most of the time.

-Daily charts are for trend direction.

- Hourly charts are for finding Supply and Demand Levels.

- And 5min charts are used for setting up my entries.

New traders are welcome but I am asking that you have an understanding of Supply and Demand. You do not have to be an expert. Just know the difference between Supply and Demand compared to Support and Resistance.

I will help with understanding the curve on the chart and what it means for your trading tactics depending on where you enter on the curve.

I will also help with fine tuning your line placement for Supply and Demand levels.

Please include a chart image so that I can see what you are seeing, to help with your trades and trading skills.

Do not hesitate to help someone else here.

Always Give CREDIT to where it is DUE.

[highlight=rgb(255, 0, 0)]Revised 01/02/2014:[/highlight] If I do not get to your questions right away it doesn't mean i am ignoring you. I am just busy.
[highlight=rgb(255, 0, 0)]Revised 01/02/2014:[/highlight] I am usually on between 6am Mountain time(Or 13:00GMT) to 3 or 4pm Mountain time(or22:00 or 23:00GMT)
[highlight=rgb(255, 0, 0)]Revised 01/22/2014:[/highlight]This is my examples of how to rate a Zone before Setting an Entry

Attached File(s)

Examples of my Odds Enhancers.pptx   472 KB | 984 downloads | Uploaded Jan 22, 2014 3:31pm

Revised 02/09/2014: This is my Trade rules and Daily Trade Procedures (the first page on the Daily procedures is what I am constantly referencing to before each trade)Attachment

Attached File(s)

Daily Trade Procedures.docx   66 KB | 1,502 downloads | Uploaded Feb 9, 2014 1:11pm

Attached File(s)

Trading Plan.docx   33 KB | 956 downloads | Uploaded Feb 10, 2014 3:21pm

Revised 02/23/2014: These are examples I use to determine trend change and where a zone is on the curve.

Attached File(s)

trend stage and curve examples.pptx   103 KB | 797 downloads | Uploaded Feb 23, 2014 11:39am

Aud/Usd Trade setups.

I will update if trade is opened.
And I will update after trade has closed.

ATTENTION-

I have not put in any targets yet for my entries on Aud/Usd.

I plan on being present to move stop up progressively as trade matures to lock in profit.

After I have a NEW LH FOLLOWED by a NEW LL, I will move my stop down just ABOVE that LH. (The pair SPREAD will be my distance above that LH)

Thanks for sharing. I am in.

Attention-

Lets see how harde, and how hard it will be posting power point will be to view.

Please not that slides 4,5 and 6 are from post two.

The first (#4) is before entry.

The second (#5) is the final screen shot.

And the third (#6) is the Skill Developement so that I can work on fine tuning my trades.

Remember I am using a Live Account with ONLY minimal capital.

sclz-

Nice to hear from you again. Thankyou for joining in.

Attention-

I am watching the new developlements on AUD/USD and Usd/Jpy.

A/U is in a longterm downtrend on daily chart, but short term sentiment is changing on hourly chart to a uptrend or possible short term CORRECTION.

U/J is in a longterm uptrend on daily chart, but short term sentiment is changing for a CORRECTION

Both are at their extremes on the daily curve.

A/U is at the bottom of the curve and U/J is at the top of its curve

This chart is an example of what I am waiting for on an hourly A/U before I place an entry for a Shorterm Buy order.

- Must have a HH followed by a HL.
- Then it must have another HH to confirm a new uptrend.
The two zones I have marked are areas price could make a new HL.
- You could set an order for a buy at these two levels because price is low on the curve here, but please monitor closely because the longterm trend is still pointing down.
- Or you could wait and use these levels as confirmation for a new HL, but you will need a new HH to confirm for a short term trend change.

Gilamonster-

I have been following you since you showed up in another S/D thread. I really appreciate your analyses and demonstrations of live trades (We have had so many afterward analyses of "great setups" in this forum). I have been trying to apply S/D levels in my own trading, but haven't done the top-down analysis as you demonstrated here. Quite a few times I have had 5, 6 losers in a row, which apparently didn't do any good for my budding confidence in S/D trading. I do understand losing is part of the game and a sound risk management (risk/reward ratio) is important for the winning edge. Can you share with me what is your overall winning percentage (winning trades/all trades) and average profit/risk ratio (average winning trade profit/losing trade loss)? A reasonable expectation is very important for the psyches of new traders.

Many thanks.

Gilamonster-

How do you think about the GU setup on H1 chart.

a limit buy order @ 1.6495, stop @ 1.6476 and pt @ 1.6558.

sclz-

I do like the zone.

I am happy to see you questioning the entry because it is high on the curve.

I have detailed a plan for you on the chart.

Always wait for a new HL followed by a new HH(with a CLOSE above the prior HH).

This is what I call a technical stop.(It is a freebie trade after you take 1/2 profit at 1:1)

You can also use a new HH, HL then another HH ClOSE instead of using the 1/2 profit at 1:1.

sclz-

Thank you for you comment and questions.

- If I get stopped out more than three times , as per to my trade plan, I will stop, re-study my losers and compare my skill developement.
- Most likely I have gotten caught up in the hype. This means I was more concerned about the gains than I was the risk.
- I have realized that once I understood how to trade for myself trading then became 100% psychological.
- Common mistakes: Revenge trading(no plan), Not following my pre market routine, Worrying about trades I do not enter, too much risk,
not being active physically or socially, and just entering because price is moving.

I trade a few different types of accounts and I look for 75 to 150 pips per week on my FOREX accounts.

Thats 15 to 30 pips a day.

On High Risk Economical weeks I will take what I am after by locking in profit quickly.(I move my stop to how many pips I want for sure from a winning trade)

High Risk Weeks can empty an account if you are not an astute and decisive trader.

Thats is why you always here "don't trade during this or that, unless you know what you are doing".

It took me a long time to understand that fully.

I' in. Happy New Year!

clementngu-

Happy New Year too you.

Glad to see you here.

Hi Gilamonster,
I'm in your thread. Much wish you a happy new year. I will post often to contribute to thread.

Just a question to ask about zones, Regarding AUDUSD H1,
We have 2 zone here, one RBR ( blue) , one DBR (Red) . I see both are fresh. Why did u choose RBR instead . Thanks

btw, your entry + spread*3 works perfect in this case. low on the curve

Attention:

New developements. I have already taken 1/2 profit on this one.

I will be looking for a new HL and HH before I move my stop again.

This type of exiting is called VARIABLE.

Meaning I have taken 1/2 profit before a SZ. ( These are the ways I exit 1/2 profit; before a strong zone, 1:1 or 2:1 r:r)

I exit the last 1/2 with a technical stop(as I am using for this trade)

I will monitor my trade ONLY on a ITF(intermediate time frame, 1hr chart).

By doing this I am only required to look once every hou,r after I have moved my stop to breakeven.

I am also maximizing my profits by not being on the STF(Short time Frame, 5 min chart).

This trade is with AUD/USD.

Attention:

A couple of pointers for profit taking:
I call this Breakeven Let It Ride.

- Before entry price needs to make a HH and HL for a buy position and for a sell position price needs to make a LL and LH.

- Take 1/2 profit at 1:1

- Leave stop at ORIGINAL setting( if price takes you out it is now a free trade)

- Wait for a RBR(for long) or DBD(for a short) before moving stop.

- After a HH or LL move stop.

- Move stop 1 pip below the low of the RBR, or 1 pip above the high of the DBD.

- You can keep doing this procedure until you are stopped out for a profit, or you can have a fixed target if you are more comfortable with that.

The one minus to this trade is that it can be in the middle of the curve on the ITF(1hr chart)

samsungs3-

Nice to see you on here too.

I took the RBR because it is more fresh.

DBR are usually eaten up a bit because price turned immediately at those points.

Think of it this way buyers and sellers were present at a DBR.

Sellers were buying to cover their positions and Buyers were eger to enter long trades at these points.

A RBR was the continuation of the buying position but wasn't as influencal in the price as it was at the DBR.

Now if the two zones together are small for me I will put my stop below the DBR low.

Attention:

I would like to explain and show everyone how I enter using the curve.

I draw starting from the bottom of an impluse move if I am looking fora strong buy entry.

I will draw starting from the top of an impluse move if I am looking for a sell entry.

I am concerned only with .000, 1.00, .300, .700 and sometimes .500 retracements of the impulse move.

I use .500 retracment for 5 min chart and i must be scalping using the:

- 30 min for trend
- 5 min for finding S/D, and for monitoring my trade
- and 2 min or 1 min for setting up my trade entry