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

Hi Gila,
Just spot 2 compelling zones
How do you think about them?

duke789-

I like your setups!

I see that you are being patient for the best entries.

You have very good predetermined setups.

I am sharing with you my usdjpy entry. I have placed in another one I will be monitoring after my alert goes off.

I believe you will do very well for yourself on this trading account that you have.

buytosell-

Hey if you check out my last post 202, you will see an example of my fresh zones.

You will notice that price has never been back to these areas.

Once they touch once then that zone is not fresh, but depending on how strong that zone was(how far price moved from zone) it may still have potential.

Remember to set an entry based on a not fresh zone you will need to revert back to your odds enhancers.

I have shared these in my introduction post on the first page if you didn't get them from my last reply to you.

I will wait for a not fresh zone to trade and not to trade for you when they pressent themselves to me, or you can give me an example that you believe to not be fresh and we can disect it from there.

Good luck and let me know what you need to understand further.

Thank you Gilamaster
I just follow ur guide
Practising with Forex Tester, I found odd enhancer and your fine tune rules not much different but what makes a zone compelling is its position on the curve
Now I'm trying to apply all knowledge from FT to demo account. It's tough also. :d
Btw, may I ask why u took the buy trade at that point?

another good example of ur method
I made 3xRisk profit today at London session

duke789-

Great question.

I do not recommend anyone to tke these trades unless they understand how to find them.

This is basically how I setup for an entry though:
-MUST BE at the extreme on the curve.
-Must be fresh on the 4hr and 5min charts.(1hr charts are not used on these entries which is why it makes them a grey area to trade)
-Must have a lot of volatility on 1hr chart.
-Must be present during entire trade.
-Must be comfortable with entry, if not you will either get out to soon or to late and loose profit.
-You need to understand that your stop will not stay at its original place for long. It needs to be moved very aggressively.
Remember price was very volatile here and we want to protect our accounts.
You do not have to take these when they present themselves because there is more mental risk involved.

Here is my chart.

Attention Everyone-

In adding to my last post I want to say one thing.

Do not trade if you are emotionally unstable.(feelings of greed and fear)

And remember to trade ONLY what you know and understand.

duke789-

Great day trade!

I see that once you train your eye you will be able to add to an already positive position.

Just remember to be in the money when adding to any position and to perferable have moved your stop to break even to minimize risk.

Thank you very much Gila
A little bit confused about ur buy trade. need more time to digest
Price now approaching the EURUSD H1 zone.
Let's see what happen.

Hello Gilamonster.

Do yo know how to spot "flips" on chart? I understand that is very quick buy/sell exchange...but I don't know to recognize them...

buytosell-

I don't feel comfortable trying to find spots where price may be changing direction or short term trend change.

I will only trade a counter trend change as a short term day trade.

So price first needs to make a LL/HH, followed by a LH/HL. Sometimes I require it to also make a new LL/HH close. That is when I will set my trade.

Price makes these LL/HH moves much quicker on a 5min chart, that is why I like to enter short term day trades.

In reality you can do it on any chart.

It depends on how long you are willing to wait.

Let me know if you need a chart to explain. I am sure I have put one out about this method but I wont make you search if you do not want to.

Gilamonster, No need . I just heard somewhere that Sam said that "Flip" is top odd enhancer...I thought you learn about it in let say in advance class in OTA...so to share that experience.

hi buytosell

look on p7 post 122.
gila gave an example for flip zone, if thats what u meant.
cheers

Hello ag77,

Gilamonster did not mention "flip" there and I have no clue how that flip looks on chart.

I know for example: If I buy 20000[kg] of sugar and I can sell it to someone else right away...meaning sugar will go directly to whom I sold it....It was just money and sugar changed hands for quick profit.That is flip.

donno what u mean.
what i know about flip zone is that an area that was a supply and now become demand or the oposite, and on that post gila explained it very well.
i believe that thats what sam seiden talked about, but wasnt there so i cant tell u for sure.

buytosell-

I am looking into this flip zone idea.

So far what I can add to what I have already posted is that you can use correlations with currency futrues.

When one currency is at supply and the other is at demand(retail or wholesale)

Then use this to determine a sudden short term trend change on that specific pair.

I will ask my OTA school what is meant by this phrase.

I havent heard it from them yet.

Do you know how long ago Sam was talking about this? This will tell me who to ask.

buytosell-

I am looking thorough my notes from OTA.

Their top Odds enhancers are:
-How did price leave the level?
-How much time did price spend at the level?
-Are ther levels on top of levels?
- And how far did price leave the level before returning?

Now OTA has many instructors and each one teaches a different way.
I have never taken a course with Sam and this may be something only he teaches.

I am only going to trade what I know.

Attention Everyone-

I want to clear some confusion that we have had going on for this trading session.

First of all my trade strategy for using the 4hr chart is ONLY for experienced traders that have a full grasp of how to spot supply and demand levels.

Please sick with my recommended LTF, ITF and STF charts for different trading styles.

If you need this again please let me know.

I do not recommend that and I am sorry for the confusion of showing that strategy.

Second I have been bouncing back and forth the concept of "flip zone" as Sam Seiden has taught with OTA.

I have verified with OTA that the "flip zone" is the original name of DBR(drop base rally) and RBD(rally base drop).

It is an area where price was able to reverse because buyers were selling to take profit and sellers were buying to open new positions(RBD), or were sellers were buying to cover their positions and buyers were opening their positions(DBR).

That is why price was able to abruptly move in the other direction, and that is why price at a DBR and RBD are usually eaten up.

So i recommend taken that as what we already know and trade ONLY the strongest zones by placing entries based on our Odds Enhancers.

Gila

Hi Gila,

sorry when you say "price at a DBR and RBD are usually eaten up" do you mean less chance for orders to be there on the retest. Also would you agree that most of these are just retests anyway of RBR's and DBD's where the true levels reside?

Thanks

Gilamonster, Never mind...subject closed.