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The Buy Low and Sell High System, the best way to make money

  • #81
  • Nov 25, 2014 1:22am Nov 25, 2014 1:22am
Quoting tunera
/// Advanced concepts /// So, we know that in order to sell high....
To make this concept more clear, and simple, what is the really important thing we're talking about, it is the range, i made another picture to just concentrate on that.

We can see at first the range was little (orange channel), indicating that price is just going on its way, and it is not even thinking about reverse. During this stage we must wait.

Later, range get bigger (it doesn't matter if it do it by an exhaustion move or an impulsive downmove first, what matter is that it gets bigger) (red channel, green circle).

It is exactly this widening of the range that is our best clue about the market preparing to change direction.

Ok that's all!
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  • #82
  • Nov 25, 2014 2:25am Nov 25, 2014 2:25am
In real life.

Gbpusd, after testing the lows of yesterday ny session, market widened its range.
Then, down again to the bottom (i've started buying there), and then what the hell..
A strong downmove, that looks like an exhaustion move (maybe a little bit too much energetic!?!?)

Anyway, seems like a setup, though this down spike had a little bit scared me, bringing down my confidence in this trade..

But let's see, for now it still make sense regardless such a ridiculous downmove (probably some stops triggered?).
Attached Image (click to enlarge)
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  • #83
  • Nov 25, 2014 2:38am Nov 25, 2014 2:38am
About the eur, our first buy level worked out well for now, stops at +1 already, and let's see if we go straight up from here.

About gu we've taken our profits (25 pips or so) at pre-london highs (1.5690).

I would hate to have both trades with stops at +1 and get stopped at both, so at least on one we take some profits.

Seems like a good start of the day.
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  • #84
  • Nov 25, 2014 2:38am Nov 25, 2014 2:38am
As I see it all this thread is really just Supply/Demand. Where is price now where is price going? Once you understand where the institutions are buying and selling follow them.Learn to look left on the chart to see where they bought (demand) or sold (supply)It is not easy but by establishing the supply/demand zones you will have a good methodology Look at FX Street Sam Seidon and Sam Evans both of whom have been and are very successful with this and their webinars are very clear.
Happy Trading
  • #85
  • Nov 25, 2014 2:54am Nov 25, 2014 2:54am
Quoting reldas
As I see it all this thread is really just Supply/Demand. Where is price now where is price going? Once you understand where the institutions are buying and selling follow them.Learn to look left on the chart to see where they bought (demand) or sold (supply)It is not easy but by establishing the supply/demand zones you will have a good methodology Look at FX Street Sam Seidon and Sam Evans both of whom have been and are very successful with this and their webinars are very clear. Happy Trading
Thanks reldas!

Honestly I'm happy with the methodology i've developed during the years, however it's nice to see that many people use this kind of trading style.

Happy trading
  • #86
  • Nov 25, 2014 3:02am Nov 25, 2014 3:02am
Quoting reldas
As I see it all this thread is really just Supply/Demand. Where is price now where is price going? Once you understand where the institutions are buying and selling follow them.Learn to look left on the chart to see where they bought (demand) or sold (supply)It is not easy but by establishing the supply/demand zones you will have a good methodology Look at FX Street Sam Seidon and Sam Evans both of whom have been and are very successful with this and their webinars are very clear. Happy Trading
I'd agree with this. I have been an SD advocate for many years. But lets not be too hasty and dismiss what Tunera is emphasising which is very important, after all SD zones are not an exact science alone. Understanding the concept of trapped sellers and buyers is clearly demonstrated by tunera and is a concept that makes SD trading a viable edge.

Whilst SD zones are based on the concept of waiting institutional orders they are often in areas, created by the large institutions, to trap as many other traders as possible. So demand zones below a pivotal low, a supply zone above a pivotal high. Supply and demand zones can work independently of previous pivotal lows and highs but when they are identified together they can work very well. Equally false breakouts of pivotal highs and lows can work independently of SD zones, but when recognised together they can provide greater assurance of a trade working well. Both concepts can form the basis of an excellent trading plan.
  • #87
  • Nov 25, 2014 3:38am Nov 25, 2014 3:38am
It's true, you know there isn't a scientifically proven (that work 100% of the time) method for trading the markets, at least it has not yet been discovered.

And there is the efficient market theory that say that such a scientifically correct method (that work all the time) cannot exist.

So, we have a lot of methods, none of them is really a "real" or "correct" one, none of them work 100% of the time.

Some method is about buy around support zones, some is about buy below previous supports (Lows), some is buy when an indicator is oversold, some is buy on a doublebottom formation, a head and shoulder pattern, a "knife" or exhaustion move pattern, etc. etc.

Hundreds of methods and signals, none of them really work (all the time), but all of them are somehow good sometime.

So it's up to the trader to try the various methodologies and choose the one he/she think is best, as for me i found out that "my" method (buy below previous lows and sell above previous highs, with all the confirmations and signals and patterns that "help") works best for me, i've never really understood the concepts behind the common supply/demand areas, so i've never really liked or used such method, however i hope to not sound disrespectful to the supply/demand areas traders, as just written, no method is perfect, so we just choose the one that we like more, that's it!

Talking of buy Low, i see audusd have just made a new 4 years low, mmmm....
  • #88
  • Nov 25, 2014 4:53am Nov 25, 2014 4:53am
This is a complex one, a signal within a signal within a signal, all of 3 looks "good".

A buy low opportunity?
Absolutely.

Medium-Long term, this mean if we enter now (or whenever we enter) we can aim for 300-400 pips profit, but we must be ready also for a possible drawdown of i don't know.. 50-100 pips? surely not the usual intraday drawdown we are used to face.

Can it have bottomed already?
I think it can be the case, however being this a mid-long term setup, i would wait untill tomorrow before consider the idea of buy, let's the dust settle down first.
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  • #89
  • Nov 25, 2014 5:09am Nov 25, 2014 5:09am
Waiting..
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  • #90
  • Nov 25, 2014 5:11am Nov 25, 2014 5:11am
Quoting tunera
This is a complex one, a signal within a signal within a signal, all of 3 looks "good". A buy low opportunity? Absolutely. Medium-Long term, this mean if we enter now (or whenever we enter) we can aim for 300-400 pips profit, but we must be ready also for a possible drawdown of i don't know.. 50-100 pips? surely not the usual intraday drawdown we are used to face. Can it have bottomed already? I think it can be the case, however being this a mid-long term setup, i would wait untill tomorrow before consider the idea of buy, let's the dust settle...
My friend Tunera we trade probability as you say I "THINK"
I Think we need more confirmation first to increase probability may be this decrease Reward risk ratio
may be it is better for reward to risk is 1:1 but the probability for risk must be less than 50 %
Thanks my friend for your thread and effort
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I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #91
  • Nov 25, 2014 5:22am Nov 25, 2014 5:22am
Quoting Sasco_me
{quote} My friend Tunera we trade probability as you say I "THINK" I Think we need more confirmation first to increase probability may be this decrease Reward risk ratio may be it is better for reward to risk is 1:1 but the probability for risk must be less than 50 % Thanks my friend for your thread and effort {image}
Yes i also look at it suspisciously, i mean for me a trade can be done if it start going up from here, so in the coming week(s) we can just trade bullish signals on intraday, eventually yes making now a long-term buy is an idea, but very riskious as you pointed out.

This thing may as well go straight to 0.80 (2010 lows), so..
Maybe it was not really a good idea to post it, i mean the last thing i want is encourage readers to enter risky trades!

Said this, i still would not be surprised to see it go up 300pips from here in the coming weeks, but let's forget about it now.

I'm waiting now usdcad and eurcad (the first one to hit today bottom will be the choosed one), anyone looking at them too?
  • #92
  • Nov 25, 2014 7:52am Nov 25, 2014 7:52am
Hi Tunera. What a coincidence me and my buddy have been experimenting with this "fake" HH/LL too. So glad to have found this thread. Our approach is much simpler tho, just, horizontal line.

Looking back at AJ H4, that could have been a nice trade back there.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #93
  • Nov 25, 2014 8:44am Nov 25, 2014 8:44am
Quoting Direwolf
Hi Tunera. What a coincidence me and my buddy have been experimenting with this "fake" HH/LL too. So glad to have found this thread. Our approach is much simpler tho, just, horizontal line. Looking back at AJ H4, that could have been a nice trade back there. {image}
Hey my friend, yes lines or rectangles the stuff is the same

Go eur go
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  • #94
  • Nov 26, 2014 12:16am Nov 26, 2014 12:16am
Eyes on this today.
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  • #95
  • Nov 26, 2014 12:27am Nov 26, 2014 12:27am
Ok!
I see apart from me and a few others, there is not much action in this thread, so i was curious about see how this "system" is working for you, are you trying to adopt it, are you having success, do you like it, etc...

For this reason i've opened a Poll in this thread, so if you want you can share what you think about this system.

The Poll is anonymous (nobody know who answer what) and you can select even more than one answer (multiple choice) if you like.

Thank you!

EDIT:
and of course if you have some suggestion or some idea to help the system get better entries or filter out bad ones, well share them!!!
  • #96
  • Nov 26, 2014 12:57am Nov 26, 2014 12:57am
This one looked cute..
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  • #97
  • Nov 26, 2014 2:18am Nov 26, 2014 2:18am
Keep it going tunera, you have explained it very well. Choosing the right chart or extreme to draw the boxes from is not so easy as it is for you.

I sure you will get more followers as time goes by.
Good Trading
  • #98
  • Edited 5:24am Nov 26, 2014 2:33am | Edited 5:24am
Quoting aud
Keep it going tunera, you have explained it very well. Choosing the right chart or extreme to draw the boxes from is not so easy as it is for you. I sure you will get more followers as time goes by.
Yep, actually i never draw boxes etc., you know it's just for the sake of show it in this thread, however yeah you must develop a sixth sense to spot the right ones, or maybe not, I mean just look at any chart, and spot the previous tops and bottoms, is not soo hard! eurusd touching the highs of today, it can be a good sell!
  • #99
  • Nov 26, 2014 2:34am Nov 26, 2014 2:34am
Hey guys, looks you are all doing good!! and I wish you all big money.
One question regarding this method, how do you measure the "zones" you are drawing on yours attached pictures.
How big they are and what depends of their size?
I read the thread fast and maybe there is the answer for above, if the answer is on the thread already then sorry for above question!


PS
Very nice thread - Subscribed!
  • #100
  • Nov 26, 2014 2:40am Nov 26, 2014 2:40am
Quoting michaelion
Hey guys, looks you are all doing good!! and I wish you all big money. One question regarding this method, how do you measure the "zones" you are drawing on yours attached pictures. How big they are and what depends of their size? I read the thread fast and maybe there is the answer for above, if the answer is on the thread already then sorry for above question! PS Very nice thread - Subscribed!
What you mean by zones? which ones?
care to explain?
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