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Supply and demand chess game

  • #421
  • Apr 23, 2014 11:16am Apr 23, 2014 11:16am
Hello IP,

I would really like to learn more from your S&D trading. To my regrets I can not decipher your reasoning and entries from the charts you post. Also a timeframe and timescale are not available so I can not look up the chart my self and see how the "big picture" looked like at the moment of our trade. Is it possible for you to post charts as in this example:
Attached Image (click to enlarge)
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Posting Demo charts, mirroring some of them live.
  • #422
  • Apr 23, 2014 11:32am Apr 23, 2014 11:32am
I see these questions time and time again asking for a blueprint. You don't need one. You have to see it and feel it for yourself. You're not going to learn from a few post here. Even face to face mentorship and you still may not get it. Screen time my man. Screen time..... You don't need Porn's entries to learn this crap. You have your own chart right in front of you.

Here's a lesson: Take one pair,... watch it in multiple time frames trading live for weeks, months, whatever it takes... Whenever it makes a substantial move, tear your charts apart trying to find the reasons why. Seek and you shall find.... Check out my signature....

S&P about to do something sick... Get ready...$$$$$$ Time is 12:36 PM EST

Quoting forexpiet
Hello IP, I would really like to learn more from your S&D trading. To my regrets I can not decipher your reasoning and entries from the charts you post. Also a timeframe and timescale are not available so I can not look up the chart my self and see how the "big picture" looked like at the moment of our trade. Is it possible for you to post charts as in this example: {image}
SPC * Swollen PocketZ Crew!
  • #423
  • Edited 12:11pm Apr 23, 2014 12:01pm | Edited 12:11pm
I also want to add. Don't think once you get it, you will start making sick money. The getting it now brings on "The cockiness". This will be your next demon to crush once you start getting it. Over confidence is an account killa son... And that one my friend, no one tells you about,... This will be the last and hardest task.
SPC * Swollen PocketZ Crew!
  • #424
  • Apr 23, 2014 12:04pm Apr 23, 2014 12:04pm
Quoting forexpiet
Hello IP, I would really like to learn more from your S&D trading. To my regrets I can not decipher your reasoning and entries from the charts you post. Also a timeframe and timescale are not available so I can not look up the chart my self and see how the "big picture" looked like at the moment of our trade. Is it possible for you to post charts as in this example: {image}
Hello forexpiet, I agree with my man Joe on this one (above)... the catch is in understanding underlying pressure on price at any given moment. If there is a pattern it would be too easy (I already spoke about it in this thread, if I remember correctly few posts back and 10.000 hour rule).

You don't need to use indicators but only your head. Next, you must decide what is your approach and have system in place. Are you happy with 10 pips? Is it easy or difficult to take them and close platform? 100's of pips don't come that often (if you play this game properly), so what is your game... and so on. For example, earlier today I noticed on one of the threads here that they were eager to buy Gbp/Aud. Needless to say no one had a chance. Yes for a few pips and get out. But if that's the approach then it's legit one. Just by looking at your chart I need to mention that those are not levels that I use... they just appear to be and you must do your homework. Please, do not take it in a wrong way, I do not wish to patronize anyone here and, as the matter of fact, I started this thread more as a journal rather then teaching thread. Feel free to post your setups and discuss with fellow traders!

And this 2min chart is for my man from Big Apple ... and for you Aud/Usd 30min (I didn't say that I would buy on lower one right away or even buy there at all) .... enough for today and I should start getting ready for Real-Bayern game...

Check.
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Click to Enlarge Name: aud usd 30 min.jpg Size: 206 KB
"A handful of patience is worth more than a bushel of brains"
  • #425
  • Apr 23, 2014 12:07pm Apr 23, 2014 12:07pm

Quoting Iron Pawn
{quote} And this 2min chart is for my man from Big Apple ... and for you Aud/Usd 30min (I didn't say that I would buy on lower one right away or even buy there at all) .... enough for today and I should start getting ready for Real-Bayern game... Check. {image} {image}
SPC * Swollen PocketZ Crew!
  • #426
  • Edited 4:46pm Apr 23, 2014 2:45pm | Edited 4:46pm
Lots of little dumps today...

Pending home sales sucked this morning. Home builder earnings tomorrow. Lots on the minds of investors right now. Does S&P go ba-bye now, tonight or tomorrow? Place your bets, ... Oh I mean your trades.. It's only money...

Hold overnight, Don't hold overnight.... Decisions, decisions

1870 looks like line of defense

----------------------------------------------------------------------------

Update:
FACEBOOK beats estimates
AAPL announces 7:1 STOCK SPLIT & BEATS! ...... S&P TOO THE MOON

7:1 STOCK SPLIT. This is dam history in the makin'!!!!!

Was away from the screen and not ready.... Lost a few points on my last sell. Waited all afternoon for a big move... Could of even jumped on at 1872.
What a waste... Day job & trading don't mix well...

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SPC * Swollen PocketZ Crew!
  • #427
  • Apr 23, 2014 4:04pm Apr 23, 2014 4:04pm
Quoting Iron Pawn
.... Just by looking at your chart I need to mention that those are not levels that I use... they just appear to be and you must do your homework. ....
The levels are Daily, H4 and H1 S&D levels in a H1 chart drawn according to "rules" on a site called Ace Gazette.
Thanks for answering IP! I will not make your thread a thread to discuss the topic of drawing S&D levels. I had good advice from JoeNY as well and will be working on my trading.
Posting Demo charts, mirroring some of them live.
  • #428
  • Apr 23, 2014 4:40pm Apr 23, 2014 4:40pm
Quoting JoeNY
Lots of little dumps today... Pending home sales sucked this morning. Home builder earnings tomorrow. Lots on the minds of investors right now. Does S&P go ba-bye now, tonight or tomorrow? Place your bets, ... Oh I mean your trades.. It's only money... Hold overnight, Don't hold overnight.... Decisions, decisions 1870 looks like line of defense ---------------------------------------------------------------------------- Update: FACEBOOK beats estimates AAPL announces 7:1 STOCK SPLIT & BEATS! ...... S&P TOO THE MOON Was away from the screen and not...
Too bad I missed it but the game was great! 1866-1868 was something interesting....
"A handful of patience is worth more than a bushel of brains"
  • #429
  • Apr 23, 2014 4:47pm Apr 23, 2014 4:47pm
Quoting forexpiet
{quote} The levels are Daily, H4 and H1 S&D levels in a H1 chart drawn according to "rules" on a site called Ace Gazette. Thanks for answering IP! I will not make your thread a thread to discuss the topic of drawing S&D levels. I had good advice from JoeNY as well and will be working on my trading.
Not a problem at all... for answering. Sorry, not familiar with Ace Gazette or it's system but it looks like picking tops and bottoms (there are other few similar threads that are using same approach) either on daily or any other chart. That's fine with me if everyone who is using them is happy! What I'm looking for are levels that are not going to be (re)tested and move in my favor pretty fast to lock some of my hard work... Good night everyone!
"A handful of patience is worth more than a bushel of brains"
  • #430
  • Edited 5:07pm Apr 23, 2014 4:51pm | Edited 5:07pm
Ugggg I got called away from my office trailer just as it was setting up. Even left a positive sell order running that got crushed. Waited all afternoon for a big move.... 7:1 STOCK SPLIT is HUGEEEEEE news... This would have been beautiful and from the looks of that set-up. BIG MONEY KNEW!

Sometimes it's not meant to be.... I guess that's what pending orders are for... still a rookie... market will remind me of that from time to time...

Quoting Iron Pawn
{quote} Too bad I missed it but the game was great! 1866-1868 was something interesting....
SPC * Swollen PocketZ Crew!
  • #431
  • Apr 24, 2014 12:48am Apr 24, 2014 12:48am
Quoting Iron Pawn
{quote} ...What I'm looking for are levels that are not going to be (re)tested and move in my favor pretty fast to lock some of my hard work... Good night everyone!
Well, I was thinking you mean 'that are going to be (re)tested' instead of 'that are not going to be (re)tested'. Have I got that right?
Posting Demo charts, mirroring some of them live.
  • #432
  • Apr 24, 2014 5:23am Apr 24, 2014 5:23am
Quoting forexpiet
{quote}Well, I was thinking you mean 'that are going to be (re)tested' instead of 'that are not going to be (re)tested'. Have I got that right?
Hey, what I meant was not to be retested once you're in a trade and then move in your favor to the next level (it's hard, I know, since market is living a life of it's own but we are just trying to take safest option). Picking swing highs and lows will get you tested more then anyone has nerves to hold a position (and that's not the only problem with this type of trades)... just an opinion.

IP
"A handful of patience is worth more than a bushel of brains"
  • #433
  • Apr 24, 2014 5:30am Apr 24, 2014 5:30am
Quoting forexpiet
{quote}Well, I was thinking you mean 'that are going to be (re)tested' instead of 'that are not going to be (re)tested'. Have I got that right?
Just for you my man...
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"A handful of patience is worth more than a bushel of brains"
  • #434
  • Apr 24, 2014 5:41am Apr 24, 2014 5:41am
Quoting Iron Pawn
{quote} Just for you my man... {image}
This is just an idea... not neccessarily a setup... little disclaimer.
"A handful of patience is worth more than a bushel of brains"
  • #435
  • Apr 24, 2014 9:02am Apr 24, 2014 9:02am
I love the markets. Too be clear I was not in on this. Hit 2 good Crude trades before market open and decided to work on my house. In the back of my mind. I was thinking. There's no way BIG MONEY was going to let the market move up over 100 pts overnight on AAPL and FaceBook news and not be in on it. I thought they would push it all the way back down and take it all the way back up to play catch up. Let's see if it gets all the way back up. BIG MONEY runs shit. Got to think like them....

Anyway, back to working on the house.

Pawn... did you get rich on this one..... Holy Crap

Attached Image
SPC * Swollen PocketZ Crew!
  • #436
  • Apr 24, 2014 9:27am Apr 24, 2014 9:27am
Quoting JoeNY
I love the markets. Too be clear I was not in on this. Hit 2 good Crude trades before market open and decided to work on my house. In the back of my mind. I was thinking. There's no way BIG MONEY was going to let the market move up over 100 pts overnight on AAPL and FaceBook news and not be in on it. I thought they would push it all the way back down and take it all the way back up to play catch up. Let's see if it gets all the way back up. BIG MONEY runs shit. Got to think like them.... Anyway, back to working on the house. Pawn... did you get...
Good morning Joe... missed short on ES for 4-5 ticks but got this one...
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"A handful of patience is worth more than a bushel of brains"
  • #437
  • Apr 24, 2014 10:12am Apr 24, 2014 10:12am
Quoting Iron Pawn
{quote} Just for you my man...
Thank you, I got the idea now. Not being able to watch the markets 'full time' I will have work something out which works for me.
Posting Demo charts, mirroring some of them live.
  • #438
  • Apr 24, 2014 10:17am Apr 24, 2014 10:17am
Quoting Iron Pawn
{quote} Good morning Joe... missed short on ES for 4-5 ticks but got this one... {image}
Little update on ES...
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"A handful of patience is worth more than a bushel of brains"
  • #439
  • Apr 24, 2014 10:42am Apr 24, 2014 10:42am
Quoting Iron Pawn
{quote} Little update on ES... {image}
Done for today... it could go higher but tomorrow is another day.
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"A handful of patience is worth more than a bushel of brains"
  • #440
  • Edited 11:17am Apr 24, 2014 11:04am | Edited 11:17am
Beautiful demand trade Pawn. You reminded me and everyone here that you don't have to catch the big move of the day. You just lie and wait patiently for the opportunity that comes after a big move. The Chess Game.... Well done. You just need the confidence and the balls to pull the trigger.

Oh the Market Treachery. Big Money said oh hell No is the market going to move 100+ points overnight and we're not going to be a part of it. PUSH IT DOWN!!! Now let's take it back up.... I Love it....

Just like the bookies... A little heavy on one end. Just go back down and get those orders and come back up. Equilibrium achieved. Fillin' the gap.

Just filling the gap - Supply & Demand at it's best. Good Stuff....

I got nothing done in the house. Kept coming back to the screen. Such an addict...

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Quoting Iron Pawn
{quote} Done for today... it could go higher but tomorrow is another day. {image}
SPC * Swollen PocketZ Crew!
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