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Supply and demand chess game

  • #81
  • Jan 5, 2014 12:33pm Jan 5, 2014 12:33pm
Quoting Iron Pawn
{quote} So far, Eur/Cad is struggling on this level but much better are these two. Currently, price is for a 5th! time at blue level (used way too many times). {image}
As we can see, from December 3rd post, price reached our level of interest.
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"A handful of patience is worth more than a bushel of brains"
  • #82
  • Jan 5, 2014 2:11pm Jan 5, 2014 2:11pm
Very nice neutral opening to thread! Very welcoming and friendly! Well here we go, this one is got me in a puzzle. Looking at the CADCHF on a daily timeframe there is a very nice level to short that we are pushing into but you can see the candle right before it has a rejection already so perhaps the orders are being absorbed and this level is becoming less powerful. Also there is a confluence of a VRBN 0.85 which could be a major pivotal point.
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All posts are my personal opinion
  • #83
  • Jan 5, 2014 3:11pm Jan 5, 2014 3:11pm
Quoting Rtm
Very nice neutral opening to thread! Very welcoming and friendly! Well here we go, this one is got me in a puzzle. Looking at the CADCHF on a daily timeframe there is a very nice level to short that we are pushing into but you can see the candle right before it has a rejection already so perhaps the orders are being absorbed and this level is becoming less powerful. Also there is a confluence of a VRBN 0.85 which could be a major pivotal point. {image}
Thanks Rtm! This could definitely work and I think it will stop at this level (not necessarily reverse, right :-)? maybe smaller time frame can play a part?) but I would look for something around 87-88 or even 89-90. Just an opinion, after all it's only a speculation and really depends on trading style.
"A handful of patience is worth more than a bushel of brains"
  • #84
  • Jan 6, 2014 3:41am Jan 6, 2014 3:41am
Quoting Iron Pawn
{quote} Crude continued to drop as expected. What will come next? {image}
Hi Iron Pawn
Nice thread. I would like to learn how to determine the highest probability zones, and the rules to drawing them.
Can you give some pointers, as well as best sources for study this methodology ?
Thanks.
  • #85
  • Jan 6, 2014 7:22am Jan 6, 2014 7:22am
Quoting torance
{quote} Hi Iron Pawn Nice thread. I would like to learn how to determine the highest probability zones, and the rules to drawing them. Can you give some pointers, as well as best sources for study this methodology ? Thanks.
Thank you Torance! The best source for study supply and demand is you! A lot of hours, looking at the charts, figuring out your method (and, in mean time not trading! - really hard, I know, but it is what it is) .

In my case, I started studying this long time ago and it was quite limited when it comes to informations available which, probably, was the best thing that happened to me for simple reason: I was forced to use my own head! I would spend about 12 hours a day for months at the time thinking of all possibilities (it's pathetic I know but what you gonna do). No one can teach you to see what you must see yourself. Sounds maybe cruel but following someone will not do you any good, trust me. Base for knowledge was found with OTA, Sam Seiden in particular, but if you follow blindly whoever and whatever you will find yourself in cul de sac, one way street and completely dependent on someone else's information (junky syndrome?) instead of learning how to do it by yourself. This is individual game (like chess ) and "prepared" fish eats unprepared one. This is also a reason for failure of many, not putting an effort to understand and yes, I'm aware, it's easier said then done.

Maybe you'll be disappointed with this answer but, if you read it correctly, you might even thank me one day . All the best!
"A handful of patience is worth more than a bushel of brains"
  • #86
  • Jan 6, 2014 8:55am Jan 6, 2014 8:55am
Usd Chf 15M. Scale out at 1st target and move to break even. With some luck, maybe few more pips.
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"A handful of patience is worth more than a bushel of brains"
  • #87
  • Jan 6, 2014 9:02am Jan 6, 2014 9:02am
Funny I have the same trade going with 2 soldiers... One scaled out like you exactly. Moved soldier 2 to break even as well.... I know there's more... Always is upon market open with this setup... Happy pip-in' IP

Quoting Iron Pawn
Usd Chf 15M. Scale out at 1st target and move to break even. With some luck, maybe few more pips. {image}
SPC * Swollen PocketZ Crew!
  • #88
  • Jan 6, 2014 9:12am Jan 6, 2014 9:12am
Quoting JoeNY
Funny I have the same trade going with 2 soldiers... One scaled out like you exactly. Moved soldier 2 to break even as well.... I know there's more... Always is upon market open with this setup... Happy pip-in' IP {quote}
Hey Joe, very good. Let's see how is gonna turn out.
"A handful of patience is worth more than a bushel of brains"
  • #89
  • Jan 6, 2014 9:16am Jan 6, 2014 9:16am
Serious bulls bears battle this morning in everything. Currency, US equities...
SPC * Swollen PocketZ Crew!
  • #90
  • Jan 6, 2014 9:24am Jan 6, 2014 9:24am
Quoting JoeNY
Serious bulls bears battle this morning in everything. Currency, US equities...
Yeah man, waiting for Emini SP around 1840 short or 1815 long, day trade... price got stuck, sitting on my hands .. better off to do something else.
"A handful of patience is worth more than a bushel of brains"
  • #91
  • Jan 6, 2014 9:28am Jan 6, 2014 9:28am
You're right... I'm not good trading this if I watch... I get shakin easy in this. Think I'm going to do just that... Shut it down before I start closing out..

Quoting Iron Pawn
{quote} Yeah man, waiting for Emini SP around 1840 short or 1815 long, day trade... price got stuck, sitting on my hands .. better off to do something else.
SPC * Swollen PocketZ Crew!
  • #92
  • Jan 7, 2014 6:10am Jan 7, 2014 6:10am
Quoting Rtm
Very nice neutral opening to thread! Very welcoming and friendly! Well here we go, this one is got me in a puzzle. Looking at the CADCHF on a daily timeframe there is a very nice level to short that we are pushing into but you can see the candle right before it has a rejection already so perhaps the orders are being absorbed and this level is becoming less powerful. Also there is a confluence of a VRBN 0.85 which could be a major pivotal point. {image}
Rtm-- Very nice level, a clever choice I think; price hit it and reversed.... can you specify "VRBN 0.85" for me ??
Thanks
  • #93
  • Jan 7, 2014 6:28am Jan 7, 2014 6:28am
Quoting Iron Pawn
Usd Chf 15M. Scale out at 1st target and move to break even. With some luck, maybe few more pips. {image}
Hi Iron Pawn-- Trying to figure out your Supply level (2 black horizontal lines) and if you've entered on price returning to this level ?
What am I missing here ? Or I am totally wrong ?? Can you shade some light ?? Thanks
  • #94
  • Jan 7, 2014 6:33am Jan 7, 2014 6:33am
Quoting torance
{quote} Rtm-- Very nice level, a clever choice I think; price hit it and reversed.... can you specify "VRBN 0.85" for me ?? Thanks
I have put in immense screen time my friend so thank you. VBRN simply short for very big round number.
All posts are my personal opinion
  • #95
  • Jan 7, 2014 6:52am Jan 7, 2014 6:52am
Quoting torance
{quote} Hi Iron Pawn-- Trying to figure out your Supply level (2 black horizontal lines) and if you've entered on price returning to this level ? What am I missing here ? Or I am totally wrong ?? Can you shade some light ?? Thanks
Hi Torance, level I took was suppose to be quick countertrend day trade. I tried my luck with fresh level.
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"A handful of patience is worth more than a bushel of brains"
  • #96
  • Jan 9, 2014 9:14am Jan 9, 2014 9:14am
Nice day trade in emini SP this morning.
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"A handful of patience is worth more than a bushel of brains"
  • #97
  • Jan 9, 2014 9:40am Jan 9, 2014 9:40am
It can probably go lower, but hopefully I'll get filled at this price.
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"A handful of patience is worth more than a bushel of brains"
  • #98
  • Jan 9, 2014 9:44am Jan 9, 2014 9:44am
Filled...
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"A handful of patience is worth more than a bushel of brains"
  • #99
  • Jan 10, 2014 9:02am Jan 10, 2014 9:02am
Usd Chf.
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"A handful of patience is worth more than a bushel of brains"
  • #100
  • Jan 10, 2014 9:34am Jan 10, 2014 9:34am
Very good levels supply-demand Iron , this time my level doesn't work....Non-Farm Employment Change...
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my English is not very good ...
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