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Price is everything

  • #30,281
  • Apr 25, 2015 5:51pm Apr 25, 2015 5:51pm
Quoting Winston Reed
{quote} A little hard to follow but I think I figured it out. Nice!
Hello Winston,

There is really nothing here to figure out.

There was no nefarious motive involved here. I simply wanted to show some Conviction Zones being respect through out the day.

Now, if there was some hidden meaning to be ferreted out, it would have to do with entries. I have long said two things:

1. It's what you want to see; where you want to see it.
2. Support/Resistance and Supply/Demand zones are not trade signals.

So all those nice "bounces" really mean nothing, if a trader does not have an entry signal that appears within the price action of said bounces.

Again, no nefarious intent is being made here, but I have attached a screen shot. I have used Sierra Chart and the 6E futures contract. The question I pose to my PIE brothers and sisters, is how would you get into this trade?
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #30,282
  • Apr 25, 2015 6:05pm Apr 25, 2015 6:05pm
Quoting HiddenGap
{quote} Hello Winston, There is really nothing here to figure out. There was no nefarious motive involved here. I simply wanted to show some Conviction Zones being respect through out the day. Now, if there was some hidden meaning to be ferreted out, it would have to do with entries. I have long said two things: 1. It's what you want to see; where you want to see it. 2. Support/Resistance and Supply/Demand zones are not trade signals. So all those nice "bounces" really mean nothing, if a trader does not have an entry signal that appears within the...
My 2 Minute Analysis
Need to see HTF first.
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  • #30,283
  • Apr 25, 2015 6:20pm Apr 25, 2015 6:20pm
I just run into an example in my simulation. this example is just an application of what i described, but may not be representative enough.

unfortunately, it is not a LIVE trade call ,

this stuff is what i understand based on RTM stuff. (well i know it is not for everyone...)

Quoting livindaylite
{quote} Thank you for volunteering to comment and share your insights. I am really interested to understand what you're pointing to, so I hope you will bring some charts up
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  • #30,284
  • Apr 25, 2015 6:23pm Apr 25, 2015 6:23pm
Quoting HiddenGap
{quote} Hello Winston, There is really nothing here to figure out. There was no nefarious motive involved here. I simply wanted to show some Conviction Zones being respect through out the day. Now, if there was some hidden meaning to be ferreted out, it would have to do with entries. I have long said two things: 1. It's what you want to see; where you want to see it. 2. Support/Resistance and Supply/Demand zones are not trade signals. So all those nice "bounces" really mean nothing, if a trader does not have an entry signal that appears within the...
Hey HG,
LOL. I didn't mean to suggest that you were being nefarious. I only referred to the time sequence of the posts. I'm used to seeing it all on one chart. I'm going to look at your chart and bring up my own. A nice exercise. Perhaps more of this should go on here. Thanks for posting
  • #30,285
  • Apr 25, 2015 6:44pm Apr 25, 2015 6:44pm
The lowest demand level is from a 10 min view and explains the penetration of the demand level just above.

1 is a decent rejection candle but I would not have entered based on this candle.
2 and 3 are not enough either although with volume I might have. Without it then I would wait.
4 would have been an entry signal for me and not without risk because a small supply level is directly above. However I think the demand below trumps it. I would have exited on that pinbar just above on its close at 1.0836.
5 I would have entered on the second candle after this rejection candle. I would have exited around 1.0865

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  • #30,286
  • Apr 25, 2015 7:08pm Apr 25, 2015 7:08pm
A different view.
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  • #30,287
  • Edited 8:32pm Apr 25, 2015 7:52pm | Edited 8:32pm
Quoting livindaylite
{quote} I didn't mean to sound critical, so I apologize if that's how it sounded to you. I know tone can get lost in written communication, which is precisely why i made the point of prefacing my post with saying that it wasn't supposed to be a critique. I also tried to make it clear that a) anything that helps be it macd volume etc is good by me and b) that I didn't mind any mish-mash of postings underlined with 'vive la difference' I have nothing against Futures. I just don't have an account to trade full Lots, so, I'm left with MT4. Otherwise,...
YOU HAVE EVERY RIGHT to voice your opinion.

Without being disrespectful to Winnie. I think he is diluting the tone of the thread as started by RED.
This is FOREX factory. The basic tenets put forward by RED suggest that his methodology is transportable to any market but.... This is FOREX. Whilst the odd chart of other markets may be useful to confirm the portability of the method, people here to learn forex trading might choose to filter out all charts which include volume as they are not FOREX charts and will perhaps serve to distract if not confuse.

Showing every chart with volume is detrimental to learning forex by newbies in particular as Volume is a COMPLETE waste of time .... There is no centralized exchange for FOREX so volume is another distraction on a forex chart which is simply a bodgey number supplied by YOUR own broker. IT IS a MEANINGLESS lie so I urge folks here to learn to IGNORE it completely. This is not an attack on Winnie.

Learning to trade forex is difficult unless you have a way to see the actions of market participants (in particular, those who can influence the movement of price). If a new trader wants to learn to trade this market profitably and consistently you have come to the right place.... but just get rid of the crap on your charts and look at the price and how it reacts at extremes... namely historical supply and demand areas. Reading RED's posts in the first 50 pages of this thread will show you what you NEED to focus on. If you do not adhere to what is in those first 50 pages you will take NOTHING from the remaining 700 odd pages. Everything else is just an opinion of what RED was trying to impart. Ignore everything which was not included in RED's posts.

Winnie's favourite indicator seems to be volume which he relies on for futures and other markets he may choose to trade but if you are here to learn forex... IGNORE IT. Only look at forex charts. For the last time.. this is NOT an attack on Winnie but if you want to learn to trade the basics of RED's methodology you could do much worse than to look at forex charts as posted by people like BIGWAL which outline clearly and succinctly those methods outlined by RED.

Just an attempt to bring this thread back in line. Just my opinion. No offence meant.

One of RED's first charts may help to illustrate.

http://www.forexfactory.com/attachme...1&d=1365638055
  • #30,288
  • Apr 25, 2015 9:38pm Apr 25, 2015 9:38pm
Quoting Winston Reed
{quote} Since Red's departure their hasn't been even one trader that approaches his ability that posts on this thread. Sure there are a lot of setups and after-the-fact posts and such and that is fine. I don't for a second join the camp that criticizes those who don't post live trades. That kind of requirement would severely stifle learning. I have yet to see a trader using so-called pure PA and nothing but s/d zones consistently profit. You and others point out how a trader would have blindly entered with a so-called "tight-stop". The smart money...


Glass of Kraken on the rocks. Whenever I drink this I think of Red. So here's one for You Red.

RELEASE

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By the way Winston. Really have been enjoying your posts. Red had referred to indicators as tools in a tool box for those who know how to use them. Correct tool for the correct job. Problem is most don't know how to use them.

Have a super weekend all
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #30,289
  • Apr 26, 2015 4:17am Apr 26, 2015 4:17am
Well at least there's a bit of debate going on.

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  • #30,290
  • Apr 26, 2015 5:11am Apr 26, 2015 5:11am
THE ENGULF

Inserted Video



For ALL Who've Known the Abyss
  • #30,291
  • Apr 26, 2015 6:45am Apr 26, 2015 6:45am
They say choose your battles wisely. Well I have chosen to fight this one. I will step on and crush the vermin nipping at my boots.

A few have chosen to attack my trading. They have come out of nowhere with no credibility whatsoever to make the judgments they are making. Those few try to convince others of what they should and shouldn't do as if they were the chosen moderators of this great thread. Should you listen?

Sure you should, but make your own evaluation and your own determination of what you should pay attention to. Are you a newbie? If so be insulted by the notion that you are thought of as so dumb that the appearance of volume on a chart will confuse you. When you study Red's charts you will find MACD/RSI on his charts many times. Will that confuse you? Really!?

I would suggest looking at the profiles of the witch-hunters. How many posts? What is their claim to fame? Are they making calls that pan out to be successful? Are they posting live charts? Are their posts worthy enough that you would subscribe to them? How many subscribers do they have? Who are their subscribers? What gives them the right to say what and what cannot be posted on this thread? What gives them the right to critique me or anyone for that matter?

Afew possible answers: Fear of success. Jealousy of other's success. Taking comfort in hanging out with others not having yet achieved success. Misery loves company!

Again Red traded markets other than forex so this thread is not just about trading forex. He posted many charts trading silver, gold and crude. So that argument is invalid. All markets trade by supply and demand.

The "VSA with Malcomb" thread debunks the notion that volume in forex is meaningless. But be careful! You might be too dumb to comprehend. However I urge caution here. If you should decide to include volume in your trading do your research. Again who are those demonizing the use of volume? What documented experience do they have to make their judgments?

Some traders have come here from RTM and have posted charts with RTM terminology never used by Red. FTR, FTB, etc. Compression is a term adopted by RTM and first used here by Red. I have nothing against these posts and encourage them. I know that there are probably successful traders at RTM and the methods taught there seem to be valid. It is a different style than Red's trading but similar in that supply/demand is the core.

The definition of insanity is doing the same over and over and expecting a different result.

HiddenGap said yesterday that s/d zones are not trading signals.

If you are a newbie or an aspiring struggling trader you should choose carefully who you "hang out" with. Following is a list of traders I believe have demonstrated credibility, experience and honor. Not all are s/d traders: Redsword11, Hidden Gap, MBQB11, Eaglestar, Rocky, Bantro1, Zamfir, Malcomb, Julexo, Kiss Fan, Kenneth Lee. There are others and I will update as I remember who they are.

Be careful who you listen to. Who should you not listen to? That's easy. The ones bashing those that are successful.
  • #30,292
  • Apr 26, 2015 6:51am Apr 26, 2015 6:51am
Quoting Rufus
{quote} Glass of Kraken on the rocks. Whenever I drink this I think of Red. So here's one for You Red. RELEASE {image} By the way Winston. Really have been enjoying your posts. Red had referred to indicators as tools in a tool box for those who know how to use them. Correct tool for the correct job. Problem is most don't know how to use them. Have a super weekend all
Thanks Rufus!. Always good to hear from you my friend!
  • #30,293
  • Apr 26, 2015 11:06am Apr 26, 2015 11:06am
I've started an intimidation-free thread. For those feeling a little intimidated please come by and share your ideas about supply and demand trading.
  • #30,294
  • Apr 26, 2015 10:54pm Apr 26, 2015 10:54pm
Oh dear... more verbal diarrhea.

Vermin? I was trying not to attack you personally (as stated many times in my post) Glad you have started a new thread of your own where you can peddle your tripe. Might actually clean this thread up a bit. Don't let the door hit you etc. Tchau.

By the way newbies I do not purport to be a half assed guru but I do know the difference between Support and Resistence. I have lost enough money over the years following the likes of Winnie.


Quoting Winston Reed
They say choose your battles wisely. Well I have chosen to fight this one. I will step on and crush the vermin nipping at my boots. A few have chosen to attack my trading. They have come out of nowhere with no credibility whatsoever to make the judgments they are making. Those few try to convince others of what they should and shouldn't do as if they were the chosen moderators of this great thread. Should you listen? Sure you should, but make your own evaluation and your own determination of what you should pay attention to. Are you a newbie? If...
  • #30,295
  • Apr 27, 2015 1:04am Apr 27, 2015 1:04am
Quoting redsword11
If you can chat it, you can show it. live or demo

Anybody can make a trade on yesterday charts.

Market is open today
  • #30,296
  • Apr 27, 2015 5:56am Apr 27, 2015 5:56am
GBP setup.

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  • #30,297
  • Apr 27, 2015 6:06am Apr 27, 2015 6:06am
Stalking. Wanna see retrace back into demand.

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  • #30,298
  • Apr 27, 2015 6:20am Apr 27, 2015 6:20am
Took off without me. I hate it when price doesn't obey. Hehe. Oh well plan your trade and trade your plan.

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  • #30,299
  • Apr 27, 2015 6:38am Apr 27, 2015 6:38am
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  • #30,300
  • Apr 27, 2015 7:04am Apr 27, 2015 7:04am
Quoting directxxx
Oh dear... more verbal diarrhea. Vermin? I was trying not to attack you personally (as stated many times in my post) Glad you have started a new thread of your own where you can peddle your tripe. Might actually clean this thread up a bit. Don't let the door hit you etc. Tchau. By the way newbies I do not purport to be a half assed guru but I do know the difference between Support and Resistence. I have lost enough money over the years following the likes of Winnie. {quote}
Yuck! Got clean off my boots. $162.50

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