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

Hi Gilamonster and all
Another very exciting move of EURUSD M5 this afternoon

Chica-

Yes RBD's and DBR's are areas where orders from larger traders are less likely going to be.

Now unless we are at an extreme on the curve then take into account your odds enhancers, and also look to see how much price pierced the zone.

If price goes deep into the zone then my rule is to move on.

This will also tell you how strong this zone is even though it is not fresh any more.

And yes most of the DBR's and RBD's have truned because of a DBD or a RBR because those are the strongest zones to enter.

thanks gila

Attention Everyone-

I am going to share this trade I took profit on a few hours ago and since then I have entered a trade to go the opposite direction because of a strong SZ on a 1hr chart.

I had shared a previous entry of a quick 25pip profit but if I had been more patient I would have had the best entry already.

Luckly I did re enter on this trade as price retraced back to a DZ.

I took a 160pip profit this morning.

Now like I have said before not every trade can be a home run trade.

Remember to always follow your exit rules and protect your profits.

You will be more successful this way.

Here is my chart on my trade last trade, present trade and future trade.

The green dotted line is not the candle I entered on it is the thrid candle to the right of that.

Gilamonster, Why did you entered long at that H1 bar?...

mima-

I waited for a pull back to a strong demand zone on the 5min chart.

I had missed my original entry after taking my short term trade profit, and I wanted to get in at a good price for another day trade.

Even though this was originally a short term trade I was able to protect my profits and I also felt comfortable to let the trade run.

One more thing, price wasn't making any sudden moves to the downside so I felt it was worth the risk to hold my trade to see how this was really going to pan out.

Doing this was not predetermined to hold trade that I wasn't sure of its direction but price action was not convincing enough for me to stop my trade.

Hi Gila. Nice thread here. Yesterday I read your post #1, I like your motivational stuff and trading plan you wrote. Will follow this thread with interest, I like to trade supply and demand too and already read a lot of sam seiden and OTA stuff, and other SD strategies here on FF for a couple months.

Could you explain why you picked that long trade at bottom on usdjpy?

Looking to the left on H4-1 and lower I'cant find what I would call a nice and fresh demand or textbook DBR. the zone to the left is a bit messy and seemed already used up and can't spot a clean base or a decision point where price shoot up.

Anyways it payed out very well. Good Job



Edit: you talked about short term trade. Maybe you didn't trade the H4 demand to the left but this new demand on lower timeframe?

Ainur-

Thanks for jumping in.

You are very astute. Yes I entered in based on the pull back but it was on the 5min chart.

The only time I use a 4 hr chart is when I see a good deal of volatility on the 1hr chart. Especailly when I am looking at an area that COULD have a S/D zone.

That is why I chose the very first entry that I took a profit on.

I use my historical data to find good unused zones.

But I have to say I perfer RBR/DBD's over RBD/DBR's because is price is fresh at those areas.

Gilamonster
Thank you. Where and what are you looking on chart to find prospective opportunity?...There are so many time frames, and I assume you are monitoring more then one chart(currency pair)...So I asume that you have certain things in mind in terms of kind of pattern , candlesticks combination and then to go in (zoom in) from there probably in smaller time frame(s) looking for demand /supply and of course either of those: DBR/RBR /RBD/DBD...You don't look for opportunities where-ever on chart. If trader doesn't know where and what to look on chart in order to find supply/Demand then it is wasting time and most likely money.


Kindly if you don't mind to pass through this procedure of filtering out prospective trade-able opportunities.

mima-

I monitor my select pairs on the 1hr and 5min charts mostly.

Everyday I will double check my daily charts before I look for zones.

I am always looking for the strongest setups only. I am not concerned about current price unless I am ina trade and even at that I will already have a plan of action.

If you follow the larger money you will do well(stay away from the recommendations from all other large traders and banks)

So what I do is I stick to my charts price. Everything else; MA's, BB's, RSI, stoch. etc, are all lagging.

It is easy to pretty up my chart and make the indicators look like they can predict the price scenerio, but it will not give ME any skill.

During my USD/JPY trades this week I noticed an advantage that if price retraced again I could enter another buy entry. I missed the first pull back but I was still willing to open a position because the commitment of large traders were to not sell at large quantities at that time.

As for any wide sideways price movement anyone can take advantage of buy and selling. That type of trading will go on until price makes new Highs or Lows.

The only patterns I perfer to use are HH/LL's followed by HL's/LH's. This is the confirmation of the commitment of the large traders.

Here are my guides I use for every trade. I have them memorized now but it is good to review them before the start of each trading week to get me back in the zone of trading.

This will explain what I am looking for on the charts and in each one of my pairs.

Stay disciplined and be patient for the best trades.

Hello Gilamonster

Without knowing what happened after on this chart is that level fresh and if yes why?
USDCHF M30

im not gila by any mean, but ill try my shot regards this zone:

i consider it fresh since it removed (engulf) the supply

ltf is M30 uptren
itf-M5 uptrend
we should by at the extreme and protect profits

OH:

fresh- 2
curve-2
RRR-1:3 -2
time at the level-more than 10 candles-0
volume-2
the level is 10 pips-2
level on top of level-yes no gap-1
correlation-didnt check it





total OH is 11\14, didnt check the correlation, which is not bad.
the good part is that theres a very nice price manipulation here-BO of last five days high, which atract a lot of BO traders.
the bad part is that price didnt leave the level in very strong move, and there is to much trading in the zone.
taking everything into account, if i would trade this area i wouldnt trade it with pending order, ill wait for M1 or M5 confirmation (but obv its easy to say afterwards...)

i hope my analysis is correct, and if not i hope somene will correct it soon so we all can learn

Hi Gilamonster and all Pal

I just caught GBPUSD move

I was so late, but it seem to be OK

I don't know if it is good or no but I will try to go long at demand

would be better if you could include the pair and timeframe in the screenshot

Attention everyone-

ag77 thanks for answering the question for mima.

After price broke the level and dropped it came back up to the new fresh supply and dropped even further.

I see that you had used everything in your disposal to calculate that area for any typw of entry.

duke789 that was a nice catch for GU. I hope you profit well from that trade.

mima why will you go long right there on your last chart? Which pair is that and what time frame?

Is that the most compelling area you see?

As long as you are following your trade rules you should be ok?

Stay disciplined and wait for the best setups.


Sorry I was out for the day everyone.

Getting ready for spring break in Arizona.

I usually just leave for the week, but this year I will be checking my charts since I have been observing great price movements.

I will have some follow up posts on sunday for everyone.

Have a great weekend.

Gila

Nice thread & good chart analysis.
Thanks Gila!

Thank you Gilamonster
I took profit that trade before NFP release, RRR = 1:3
I think I need to review all your teaching to withdraw a rule when to let profit run
Have a great weekend, Gila.

love ur trades duke
lol every time u post one i say to my self-how come i didnt see it, such a nice setups....
one day (hopefully soon) ill catch them too....

Thank you ag77
I often miss chances also
I'm now trying to control myself not to jump in some bullshit setups following my emotion instead of Gila's rules.