B.S. Trading with Kenneth Lee

thanks, very nice entry, and logical thinking.

but you did turn greedy during......

Actually, I was not watching the trade live as it unfold, just saw it when it was close to breakeven and it was getting late in the day so decided to close it.

Actually what I was trying to convey in my last post was those "got greedy" thinking are after the fact thought process for future reference, but nothing to do with that particular trade and the outcome of a single trade should not matter in your trading routine. If we start thinking about fine tuning every individual trade, we could always come up with some kind of reason for a) either not taking a trade b) closing the trade well before the target is hit c) running the trade beyond our desired profit etc.

We can always learn something from our past mistakes, but only rectify that mistake and fine tune our strategy, if it gives us statistical edge in the long term viz. if implementation of that change has a probability of giving better result in next 500 trades or 1000 trades.

What if this trade worked out perfectly hitting my desired take profit and banking 3R, Would I still be thinking about those after the fact scenario ?

Here is a trade I took, took two days to clear. The great thing about trading Supply/Demand is one can trade both trending and range markets. This is what I call a Supply/Demand Range trade. Just my way of classifying the trade. The set up is based on taking trades that show Supply or Demand close, or at, the extremes of a range. I use the FIB's 50, 61, and 78 as a way to find correlation between S/D and FIB's. The multi TF help find areas of interest. In this case, it defines where the pressure is and directional potential. The 4HR overhead is significant with HRV ( High relative volume ) being associated with the level on the 4HR and 30M. Definite area of Smart Money. I also use volume as price enters an area... again RELATIVE volume... not the traditional VSA in it purest form. (Not all large candles will have high volume)



Price enters the 60M level, eventually touching the 78 FIB and holding. Once price enter on HRV we had additional HRV indecision candle well into the level ( lots of volume with price going nowhere after a significant push into a level. It's where this candle appears with volume that tells me what may ?? happen next ) Price is near it max push down... Add to that we are near the extreme on the range. There was some additional inventory being taken in...



Notice how price just "took off" from the level. A little help from the additional inventory might of helped.. ya think ! At any rate we where in the right place.



Price did take it's time getting to our TP on the next day.
Stop was set at 12 x 2 = 24 pips for a 2 lot... Profit was 60 pips on the 2 lot

Good trading to all

TSD

USDCAD M15 SUPPLY ZONE

Result +5.20R

M15 & H4 Charts attached

Well done on the CAD 15M

TSD

Hello everyone, I really like that this thread is alive again! Really been missing it. Here is my contribution to the thread from last week.

#1
GJ: Nice reaction from level and previous flipzone, right in the fib 50 area. RR was ok, hit the trendline.
For me that is as beautiful as a nice painting.

#2
GC: I rarely trade the h1 but sometimes when a nice zone shows up where I can get some fish, im in! Fresh and original at fib 61.8 level right under h4 supply. The buyers wasnt showing any strength really, if you look at the candles. High prob zone. And what a big fish it was!

//Dumper

More interested in the lower zone than the upper zone. Hashed yellow line is 5 min "entry" zone.

MMM yeah I am watching this but on hier time frame.. Thks

Target hit but my tp did not trigger???

Looking for some downmove

Sweet!

Can you guys share the S&D indicator? the old one won't work,thank you

Took this long on a 2 lot. The HRV candle indicates very strong move on the part of the SM's. You can see, going back in the volume window, we have not seen this much volume since June. This now becomes the the level I am looking at when price returns. We had good HRV coming back into the level. Next we see a good PIN at the level. Target for TP is just below Support turned Resistance at the blue line.



We step down in TF to the 30M. Here we see good volume on the PIN. This tells me we are in the right place on the entry.



As the trade moved through we see a major indecision on a down candle. Shorts are falling to take price down. We also see a higher low in the mix.



We hit our TP later in the day on the 60M.

What this shows, that with right set up and structure, one can trade range as well as trending markets.

12 pip stop for the 2 lot..profit was a net 46 pips.

Good trading to all

TSD

Hello mates!

Been a quite crazy day on the markets. Thinking of showing last trade for today and a nice setup for the coming day(s) im watching.

First up NU

Beautiful swaplevel with a lot of supply stacking up. Look how weak the buyers was in the retrace of the downmove.

Im watching GJ right now. Ive found a nice supply level with some good odds enhancers. Lets see how it goes..

Bump.

All readed. Thanks to Kenneth Lee , TSD, Good Looking, Winston Reed, C-12 and others for this great threat. The most profitable threat in FF.

Thanks you

BUMP

Havent been trading so freq this week. I only hit one trade on ej 5min