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Price is everything

  • #30,221
  • Apr 19, 2015 6:11pm Apr 19, 2015 6:11pm
Quoting Winston Reed
{quote} Hello Aus1way, I didn't sell at the area you have marked as I was looking to buy on a retracement. However the market seems to always do something different than what I expect which oddly enough I now expect. Hehe. Price moved into and past the first demand zone with high volume. Without getting into the details of VSA (of which I am no guru) price and volume did not suggest buying. However as price retraced price and volume suggested price might continue to sell off which it did throughout the day. I based my sells on much lower time frames...
Hi Winston, I have seen your work in many threads and always appreciate your charts and analysis that comes with them......I did have a question as far as your S/D zones....you say you use a higher TF to mark these.....in your opinion what TF do you think has a good or solid zone that is respected more often....I understand the higher monthly and weekly would top all but for a shorter time frame trader what have you found out to work the best for maybe someone that is a swing, short term, or intraday trader. Thanks for any reply that you may offer.
  • #30,222
  • Apr 19, 2015 8:55pm Apr 19, 2015 8:55pm
Quoting Korndawg
{quote} Hi Winston, I have seen your work in many threads and always appreciate your charts and analysis that comes with them......I did have a question as far as your S/D zones....you say you use a higher TF to mark these.....in your opinion what TF do you think has a good or solid zone that is respected more often....I understand the higher monthly and weekly would top all but for a shorter time frame trader what have you found out to work the best for maybe someone that is a swing, short term, or intraday trader. Thanks for any reply that you...
Supply/Demand is effective across all time frames. You must choose the time frame/s that fit into the time you have to trade. It is incorrect to assume that s/d is better in some time frames than others. Perhaps this is not the answer you were seeking but it is the truth. Find the time frame/s that work with your lifestyle.
  • #30,223
  • Apr 20, 2015 9:00am Apr 20, 2015 9:00am
Scalped a few north. Getting close to H1 supply where will look for shorts.

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  • #30,224
  • Apr 20, 2015 9:02am Apr 20, 2015 9:02am
Attached Image (click to enlarge)
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  • #30,225
  • Apr 20, 2015 4:02pm Apr 20, 2015 4:02pm
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  • #30,226
  • Apr 20, 2015 7:50pm Apr 20, 2015 7:50pm
Nice Trade.

Quoting aus1way
{image}
  • #30,227
  • Apr 22, 2015 9:55am Apr 22, 2015 9:55am
Scalped one for +75
Closed long off demand for +400

Attached Image (click to enlarge)
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  • #30,228
  • Apr 22, 2015 10:00am Apr 22, 2015 10:00am
buys/sells more obvious

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  • #30,229
  • Apr 22, 2015 10:15am Apr 22, 2015 10:15am
Quoting Winston Reed
buys/sells more obvious {image}
Hi Winston, thanks for sharing. I have a question in the chart.

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Riding the order flow
  • #30,230
  • Apr 22, 2015 10:23am Apr 22, 2015 10:23am
Quoting Binyamin
{quote} Hi Winston, thanks for sharing. I have a question in the chart. {image}
Hi Binyamin,
First let me say I don't trade per RTM.

My trades are taken in areas of interest, namely supply and demand zones. The short scalp was taken in an H1 supply zone even though you point out an engulf of a 5 min zone. Price moved down with high volume and I was in. The long was after a pinbar with high volume with buying in the background.
  • #30,231
  • Apr 22, 2015 10:39am Apr 22, 2015 10:39am
Quoting Winston Reed
buys/sells more obvious {image}
Good trades! Why do you go no lower demand?
Attached Image (click to enlarge)
Click to Enlarge Name: ES 06-15 (5 Min) 4_22_2015better.jpg Size: 196 KB
  • #30,232
  • Apr 22, 2015 10:46am Apr 22, 2015 10:46am
Quoting Andrej07
{quote} Good trades! Why do you go no lower demand? {image}
Not sure about your question but I think you are asking why I didn't enter in the zone. I look at volume for confirmation. I don't automatically enter when price hits a zone.
  • #30,233
  • Apr 22, 2015 10:59am Apr 22, 2015 10:59am
Quoting Winston Reed
{quote} Not sure about your question but I think you are asking why I didn't enter in the zone. I look at volume for confirmation. I don't automatically enter when price hits a zone.
Thank you! I have answer on my question.
  • #30,234
  • Edited Apr 23, 2015 8:48am Apr 22, 2015 11:09am | Edited Apr 23, 2015 8:48am
Quoting Winston Reed
{quote} Hi Binyamin, First let me say I don't trade per RTM. My trades are taken in areas of interest, namely supply and demand zones. The short scalp was taken in an H1 supply zone even though you point out an engulf of a 5 min zone. Price moved down with high volume and I was in. The long was after a pinbar with high volume with buying in the background.
I will put some time into studying volumes.This thread have the same vibe as a Linux forum I always frequent. Anti proprietary and pro open source.
Riding the order flow
  • #30,235
  • Apr 22, 2015 12:50pm Apr 22, 2015 12:50pm
See what PA has to offer.

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  • #30,236
  • Apr 22, 2015 7:53pm Apr 22, 2015 7:53pm
I'm not in this one but this is something I would consider. I can't watch the trade so I'll pass. Also low volume overall at this time so....

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  • #30,237
  • Apr 22, 2015 8:12pm Apr 22, 2015 8:12pm
Quoting Winston Reed
I'm not in this one but this is something I would consider. I can't watch the trade so I'll pass. Also low volume overall at this time so.... {image}
Target 1 hit. I would have had only 1 contract on this trade but if I had 2 contracts then target 2 is shown. Will consider trading short at target 2. Notes on the chart. Hope it's helpful.

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  • #30,238
  • Apr 22, 2015 8:18pm Apr 22, 2015 8:18pm
Supply/Demand comprises the foundation for my trades. Ballyhooed by many J16 type bars at the right place, the right time with the right volume are gold. Volume helps to verify and confirm PA when at the correct location. MACDs, RSIs, etc. etc. are lagging indicators. Volume is not. Volume is the missing link to my s/d trading. I recommend anyone to research it.
  • #30,239
  • Apr 22, 2015 9:02pm Apr 22, 2015 9:02pm
Levels adjusted. For the record these are AUD futures.

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  • #30,240
  • Apr 22, 2015 9:14pm Apr 22, 2015 9:14pm
Sold AUD.

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