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Trading S+D With Facts Ebook

  • #161
  • Edited 4:25pm Oct 31, 2015 10:07am | Edited 4:25pm
Do you mind if I call you "QuickToPost" instead of Ainur? I'm an S&D trader who supports the ideas in this thread and maybe 3 or 4 others. Don't be so naive. If you are currently profitable, that's a beautiful thing. Thumbs up to you my Brotha or Sista. If you are not, .... you should listen when elders speak. You are wet behind the ears and clueless to this business that ruins lives. Success in chart trading comes from 99% of things that have nothing to do with the charts and everything to do with the business of the market and you. No hard feelings though. When you come off DEMO, you will understand.

Peace and love and all that good stuff....


Quoting Ainur
Call me dumb but I don't see how preaching like this should be more helpful than the supposedly eye opener pdf. Not that you said anything wrong, but anybody knows screen time is a major key and no one expect to make millions after reading a pdf or open 10 lots live without SL because the post says so, it's just sharing some practical ideas and try to put some pieces together. No hard feelings though
..... they don't expect to lose all of their money either trying out new moves.

Quoting Ainur
and no one expect to make millions after reading a pdf
SPC * Swollen PocketZ Crew!
  • #162
  • Oct 31, 2015 10:32am Oct 31, 2015 10:32am
Joe - most of us are big enough and ugly enough (speaking for myself anyway) to look after ourselves. We all know (or we should) that the charts are littered with failed support and resistance, failed H&S patterns etc etc. It's all part of the "game" (not a very apt word for trading I know).
  • #163
  • Edited 3:07pm Oct 31, 2015 10:39am | Edited 3:07pm
This is not support and resistance and H&S patterns. This is S&D which is the sharp shooting of trading. There's a huge difference. The fact that you don't know this... well anyway....

There was more to my banter post and my live trade (with willo explaining where the orders were) in regards to S&D than meets the eye and many will get it, so it's really for them. Good Luck Bud.

This wasn't supposed to be a thread disrupt-er so let's just leave it alone. Back to S&D with broker Order Book Analysis. Sorry Willo


Quoting handy148
Joe - most of us are big enough and ugly enough (speaking for myself anyway) to look after ourselves. We all know (or we should) that the charts are littered with failed support and resistance, failed H&S patterns etc etc. It's all part of the "game" (not a very apt word for trading I know).
SPC * Swollen PocketZ Crew!
  • #164
  • Oct 31, 2015 2:04pm Oct 31, 2015 2:04pm
Np Joey i agree that we should keep the discussion S+D related, the book while interesting, deals with more support and resistance teachings not saying its bad or wasn't valuable its just i prefer to trade recent price structure rather than past (which the guy in the book seems to do quite a lot)
while understanding the psychology and intentions of the people who are creating the structure in the first place.




  • #165
  • Oct 31, 2015 3:26pm Oct 31, 2015 3:26pm

Time and its affect on S+D zones



Time is a concept not often thought about by many retail traders, mainly due to the fact that they can trade whenever they want, institutional traders however have specific times when they trade currencies. Knowing when they trade gives greater understanding as to when they will make trading decisions be it buying or selling closing a trade or taking profits

Trading for EUR/USD starts at 6:00am and ends 5:00pm GMT this is when most of the trading takes place, after this the volume starts to drop off considerably.

Attached Image (click to enlarge)
Click to Enlarge Name: Aviary Photo_130907934962220505.png Size: 36 KB



On this image we see the market drop at 6-7am the market stops falling when the New York session begins, the price then moves back up and consolidates throughout the night, now if the traders who sold causing the first drop are going to sell again then they will have to do it between 6:00am to 5:00pm because this is when they are active in the market.

At 6:00 the market falls again the traders who caused the first drop sell again into the buy orders generated by the consolidation over night knowing that when the market falls whoever brought will close their trade at a loss allowing the sellers to make a profit.

Also one thing to take note of is you'll notice that the market returns to this area rather quickly, if an institution hasn't managed to place all their orders into the market when buying or selling then they will move the market back to the place where they want to buy/sell ,again this wont take long usually i give the market 24hours to return to a zone level if it fails to return then i take no further notice of that zone, weather it returns to it in the future or not.

Here's another one:

Attached Image (click to enlarge)
Click to Enlarge Name: Aviary Photo_130907961598050986.png Size: 54 KB
  • #166
  • Oct 31, 2015 4:20pm Oct 31, 2015 4:20pm
Your comment about institutional trading is interesting. The two biggest bank players are Citibank and Deutsche Bank and they are located worldwide. My presumption (rightly or wrongly) would be that their Asian regional HQ trades the Asian Session, the European HQ trades the European session and USA HQ trades the USA session. Presumably (again rightly or wrongly) there is some sort of handover (for want of a better word) between them although with computer networking each can see what the other is doing/has done anyway. Would be interesting to know exactly how it works.
  • #167
  • Oct 31, 2015 4:30pm Oct 31, 2015 4:30pm
WILLO!!!! I mean really willo. Who gives away the golden goose. LOL! The powers that be may come lookin for ya... (-: I'm running for cover, I want no part of this anymore.. bye....

Quoting willo123
Time and its affect on S+D zones Time is a concept not often thought about by many retail traders, mainly due to the fact that they can trade whenever they want, institutional traders however have specific times when they trade currencies. Knowing when they trade gives greater understanding as to when they will make trading decisions be it buying or selling closing a trade or taking profits Trading for EUR/USD starts at 6:00am and ends 5:00pm GMT this is when most of the trading takes place, after this the volume starts to drop off considerably....
SPC * Swollen PocketZ Crew!
  • #168
  • Oct 31, 2015 6:16pm Oct 31, 2015 6:16pm
I hope Willo won't mind me mentioning someone else but I remember there was a guy with the handle Keyser Soze who did a lot of good stuff on S&D. I think he has some videos on youtube.
  • #169
  • Oct 31, 2015 6:51pm Oct 31, 2015 6:51pm
Naa I don't mind, i used to read keyser's thread alot before I joined forex factory, his videos are great too watched them a few times

In regards to the institutions handy thats pretty much how I see it , Asian session = jpy crosses get traded European session EUR, GBP and chf get traded then the US session trades USD crosses .

I think that each session set's the other up in the market depending on what their needs are, for example European traders still have sell orders left that they need to place within a specific price or range, so the asian traders come into the market and buy small amounts cos small trades will move the market quite far at night due to no volume, they move the market enough so that the Europeantraders can sell at whatever price\range they need to sell at.
  • #170
  • Oct 31, 2015 6:52pm Oct 31, 2015 6:52pm
Haha golden goose your a joker dude
  • #171
  • Nov 1, 2015 11:06am Nov 1, 2015 11:06am
Very good thread. I will be reading through it.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #172
  • Nov 1, 2015 12:25pm Nov 1, 2015 12:25pm
Thanks for your kind words Rufus
  • #173
  • Nov 1, 2015 5:03pm Nov 1, 2015 5:03pm
Gap on EUR\USD hmm interesting
  • #174
  • Nov 2, 2015 7:44am Nov 2, 2015 7:44am
Im long EUR/USD from 1.10029 pending order

Attached Image (click to enlarge)
Click to Enlarge Name: Aviary Photo_130909453813602883.png Size: 33 KB
  • #175
  • Nov 2, 2015 8:52am Nov 2, 2015 8:52am
Out for 280pip profit
  • #176
  • Nov 2, 2015 10:15am Nov 2, 2015 10:15am
Quoting willo123
Out for 280pip profit
280 pips or 28 pips?

Highest price possible to exit was 1.1070 on Friday and 1.1050 this morning.
  • #177
  • Nov 2, 2015 10:33am Nov 2, 2015 10:33am
not sure lol
Ive always gone by what it says on the crosshair tool on mt4, from where i entered to where i exited it was 280 so ive always just counted that as pips.
  • #178
  • Nov 3, 2015 3:12am Nov 3, 2015 3:12am
Quoting willo123
here's how you add a pdf reldas. first click on reply to thread ,you'll see at the bottom it says attach files ,click on upload from computer then select the pdf ,once its uploaded click insert, then post.
Hi Willo
Many thanks for the info also for the ideas. Been playing with the market Profile. Will be sending some ideas which seem quite interesting over the next couple of hours plus hopefully some pictures!
Happy trading
  • #179
  • Nov 3, 2015 3:17am Nov 3, 2015 3:17am
Quoting stevepatt
{quote} Hi reidas; This is a good capture software https://www.techsmith.com/download/snagit/ that I use once you have the image saved, to your Mac, just follow Post 148
Hi Stevepatt
Many thanks for your information re posting charts etc I hope to be able to contribute in a more useful manner pretty soon. Are you also using a Mac?
Happy Trading
  • #180
  • Nov 3, 2015 3:42am Nov 3, 2015 3:42am
Quoting Good Lookin
{quote} 280 pips or 28 pips? Highest price possible to exit was 1.1070 on Friday and 1.1050 this morning.
its 280 points according to 5 digit broker on mt4 and 28 pips .
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