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B.S. Trading with Kenneth Lee

  • #6,201
  • Aug 18, 2015 11:25am Aug 18, 2015 11:25am
Trading the GBP - LIVE

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Took this trade on a swap/flip level' What I like is the air down below = no noise. This is range trading using Supply Demand. we have a clear target on Demand.

Now we just sit back and let the market do what it does. Pretty straight forward. Will check in later in the day

will see

TSD
  • #6,202
  • Aug 18, 2015 9:30pm Aug 18, 2015 9:30pm
Quoting TraderinSD
Trading the GBP - LIVE {image} {image} Took this trade on a swap/flip level' What I like is the air down below = no noise. This is range trading using Supply Demand. we have a clear target on Demand. Now we just sit back and let the market do what it does. Pretty straight forward. Will check in later in the day will see TSD
I found it very insightful when you spoke about Clean=no noise on the wide spread up candle.

Take a look at the chart below.

Notice on the Volume Profile Heat Map (visible bars) there is very little to no volume for much of that candle. Some call this an example of an increase in tempo. It's pretty interesting, although not that surprising since it is you, that what you saw as "air" really is air when you look at the Volume Profile Heat Map (visible bars).

Just one more reason to pay attention to your posts .
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,203
  • Aug 18, 2015 10:39pm Aug 18, 2015 10:39pm
Trading the GBP - LIVE

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A little underwater at this point..But that's trading live..

TSD
  • #6,204
  • Aug 18, 2015 10:56pm Aug 18, 2015 10:56pm
Trading the GBP - LIVE

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Price looks to be moving back in our favor.. We are still a bit underwater.. The SR level indicated appears to have held..Lets see if we can get some follow through.

TSD
  • #6,205
  • Aug 19, 2015 3:39am Aug 19, 2015 3:39am
Nice charts, but this turned out to be completely wrong.
:: everything is awesome ::
  • #6,206
  • Edited 4:40am Aug 19, 2015 3:58am | Edited 4:40am
Hidden Gap, hi mate
I am a little confused , mate. Please crarify. I put a chart .

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beauty is in simplicity
  • #6,207
  • Aug 19, 2015 6:52am Aug 19, 2015 6:52am
Quoting Black Fox
Nice charts, but this turned out to be completely wrong.
Every successful trader I know does not trade to be right; they trade to be RICH.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,208
  • Aug 19, 2015 9:48am Aug 19, 2015 9:48am
Trading the GBP - LIVE


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As we can see we were taken out. But that's trading. So what do we learn from trades like this.

1) We manage our risk appropriately. That means we set out risk according to our equity and in my book, that means we leave it alone.
2) We focus on the profit.
3) We exercise patients.

Its never about being right, its about being profitable. Managing your risk correctly is Job #1. It allows you to trade again and again. One trade doesn't make a day, 1 day doesn't make a week and 1 week does not make a month. Sadly, there are those who think in terms of being right. They may want to consider another line of work.

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As we can see the market did make it's turn ..At 1 AM this morning my time.. Would have liked to have been up for this as this was very clear opportunity! The lower yellow line was my original TP. But that live trading.

Put the wrong chart up with all the moving averages. Sorry

Good trading to all
TSD
  • #6,209
  • Aug 19, 2015 10:02am Aug 19, 2015 10:02am
Quoting HiddenGap
{quote} I found it very insightful when you spoke about Clean=no noise on the wide spread up candle. Take a look at the chart below. Notice on the Volume Profile Heat Map (visible bars) there is very little to no volume for much of that candle. Some call this an example of an increase in tempo. It's pretty interesting, although not that surprising since it is you, that what you saw as "air" really is air when you look at the Volume Profile Heat Map (visible bars). Just one more reason to pay attention to your posts . {image}

Hey HG,

Really interesting...!! I have seen this in the past.. Looks like I need to review

Thanks for the input. Always appreciated

Good trading to you !
TSD
  • #6,210
  • Aug 19, 2015 10:27am Aug 19, 2015 10:27am
Trading the GBP - LIVE

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Here is a Monthly view of the GBP. The pressure is up. When i look at this chart I see that price is trying to return to major Supply. So I always ask myself where is the pressure in the instrument I am looking to trade.. That does not mean I will not take a counter trend trade.

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Here is the Daily view of the GBP. The pressure is still showing up with obvious HL's. The market appear to be reaching for Supply overhead

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If ??? we reach the 4HR Demand we would like to get long. Why?? the pressure is up... will see??

TSD
  • #6,211
  • Aug 19, 2015 12:14pm Aug 19, 2015 12:14pm
Quoting TraderinSD
Trading the GBP - LIVE {image} Here is a Monthly view of the GBP. The pressure is up. When i look at this chart I see that price is trying to return to major Supply. So I always ask myself where is the pressure in the instrument I am looking to trade.. That does not mean I will not take a counter trend trade. {image} Here is the Daily view of the GBP. The pressure is still showing up with obvious HL's. The market appear to be reaching for Supply overhead {image} If ??? we reach the 4HR Demand we would like to get long. Why?? the pressure is up......
  • #6,212
  • Aug 19, 2015 9:04pm Aug 19, 2015 9:04pm
Quoting Kovalenko
Hidden Gap, hi mate I am a little confused , mate. Please crarify. I put a chart . {image}
As you know, there is only so much I can say. Take another look at Chapter 4. In my opinion, it may be the most important one.

My Supply/Demand trading cousins, if you will, look for some basic chart patterns which they believe are the manifestations of Supply or Demand imbalances. They include:

1. Rally Base Rally
2. Decline Base Decline
3. Rally Base Decline
4. Decline Base Rally

I too am looking for these same patterns. Yet I am looking for them is specific way utilizing WRBs.

Take a look at the chart below.

Again, I can't say too much here. But note that while R1 and D1 are WRB hidden GAPs in the schematics, they do not have to be hidden GAPs. Whereas R2 and D2 must be WRB hidden GAPs. Also note that R1 and D1 are breakout intervals. The close of R1 is closing higher than the highest high of the previous three (3) intervals. The close of D1 is closing lower than the lowest low of the prior three (3) intervals. For this pattern, I am not concerned with "swing points" or "decision points". R2 and D2 become valid zones if they have strong continuation.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,213
  • Aug 20, 2015 12:30am Aug 20, 2015 12:30am
Quoting HiddenGap
{quote} As you know, there is only so much I can say. Take another look at Chapter 4. In my opinion, it may be the most important one. My Supply/Demand trading cousins, if you will, look for some basic chart patterns which they believe are the manifestations of Supply or Demand imbalances. They include: 1. Rally Base Rally 2. Decline Base Decline 3. Rally Base Decline 4. Decline Base Rally I too am looking for these same patterns. Yet I am looking for them is specific way utilizing WRBs. Take a look at the chart below. Again, I can't say too much...
What is WRB? please clarify this acronym.
  • #6,214
  • Aug 20, 2015 12:35am Aug 20, 2015 12:35am
Hidden Gap, mate.
Thanks a lot !!!!!!!!!!!!!
beauty is in simplicity
  • #6,215
  • Aug 20, 2015 9:22am Aug 20, 2015 9:22am
Trading the GBP - LIVE Cont:


Took another short for a quick scalp on the GBP. Basically the same sentiment based on previous short trade observations.

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TSD
  • #6,216
  • Aug 20, 2015 9:29am Aug 20, 2015 9:29am
Trading the GBP - LIVE Cont:


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We picked up a quick 26 pips. As you will notice price did continue to push short and eventually hit my previous target price from the previous trade above.. Appears I was bit early

Good trading to all

TSD
  • #6,217
  • Aug 20, 2015 10:46pm Aug 20, 2015 10:46pm
Always nice to see contributions here.

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  • #6,218
  • Aug 21, 2015 8:16am Aug 21, 2015 8:16am
Quoting Winston Reed
Always nice to see contributions here. {image}
Target achieved.
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  • #6,219
  • Aug 21, 2015 8:19am Aug 21, 2015 8:19am
Quoting Winston Reed
{quote} Target achieved. {image} {image}
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  • #6,220
  • Aug 21, 2015 11:49pm Aug 21, 2015 11:49pm
Quoting Winston Reed
{quote} {image}



TSD
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