The Swamp | Page 280 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #5,581
  • May 27, 2016 11:17am May 27, 2016 11:17am
Quoting micho
how do you guys determine supply and demand zone, and set stop losses? can you tell me some of your methods?
Price is everything
redsword11
might help
  • #5,582
  • May 27, 2016 11:22am May 27, 2016 11:22am
Quoting hoom
{quote} I use S/R for reference , everyone should know how to sopt these lvls by experience ...so a demand zone for exemple is the area covering 2/3 support lvls the bigger the timerframe the better result you get...look for rejections , you can spot those live based on price action ...finally find the mid lvls so you can trade demand/supply zones from outside to inside if you get a range . I hope it helps .
my problem is, the smart money that leaves a fingerprint about certain resistance/support level in a certain trend... will allow the price to retrace to just below/above that same level allowing traders to enter the market thinking there will be a trend continuation then suddenly break that price in the opposite direction leaving another fingerprint.
in this way my stop loss is getting hit by that same smart money that lured me to enter a trade... it is impossible to guess if this will happen or not when you enter a trade. sometimes it works like a charm and some other times the price gets a clear rejection around my stop loss level but then turns back again and breaks it
if i play without stop loss then i will get 9 profit trade cancelled by 1 trade and return to 0 profit
if i play with stop loss then you will never know when will there be smart money manipulation to break the stop loss. im still testing the profit factor of this method and this needs a few more weeks

is there a way to minimize these stop loss hits? any ideas?
When life gives you lemons, make lemonade
  • #5,583
  • May 27, 2016 11:26am May 27, 2016 11:26am
Quoting micho
how do you guys determine supply and demand zone, and set stop losses? can you tell me some of your methods?
I like this method. didn't try it.

Inserted Video
  • #5,584
  • May 27, 2016 11:30am May 27, 2016 11:30am
this is one example on the euro yesterday

i enter at a good price with RR 3:1 price goes with me then suddenly same smart money drives the price opposite to hit my stop loss in yellow line
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro1.JPG Size: 53 KB
Click to Enlarge Name: eurod1.JPG Size: 48 KB
When life gives you lemons, make lemonade
  • #5,585
  • May 27, 2016 11:36am May 27, 2016 11:36am
some other euro trade

my stop is yellow line, entry is magenta 3:1 RR

i can post trades that work to the pip but how can we avoid smart money toying like that???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro1.JPG Size: 45 KB
Click to Enlarge Name: eurod1.JPG Size: 51 KB
When life gives you lemons, make lemonade
  • #5,586
  • May 27, 2016 11:39am May 27, 2016 11:39am
Quoting micho
this is one example on the euro yesterday i enter at a good price with RR 3:1 price goes with me then suddenly same smart money drives the price opposite to hit my stop loss in yellow line {image} {image}
You sold when price broke out from a trend line. So basically you sold when the market was looking for buys.
  • #5,587
  • May 27, 2016 11:43am May 27, 2016 11:43am
Quoting raiders
{quote} You sold when price broke out from a trend line. So basically you sold when the market was looking for buys.
i dont use trendlines or indicators really, just candle - volume - fractals and fibonnacci

can you show me which trend lines you refer to? i can spot so many trend lines and give counter reasons
When life gives you lemons, make lemonade
  • #5,588
  • May 27, 2016 11:54am May 27, 2016 11:54am
Quoting micho
{quote} i dont use trendlines or indicators really, just candle - volume - fractals and fibonnacci can you show me which trend lines you refer to? i can spot so many trend lines and give counter reasons
The red one going down is the one i was referring to. Not everyone uses the same techniques so take it how you want to. But, i was looking for a correction higher at that time. I actually thought it was going to be higher so
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 97 KB
  • #5,589
  • May 27, 2016 12:04pm May 27, 2016 12:04pm
Another thing to consider is your money management. Next time try setting your SL to BE+1 after 10-15 pips (depending on where S/R levels are). Sometimes it doesn't work out and will clip your SL and head back to your direction, but overall will help you to avoid additional losses which is more important.
  • #5,590
  • May 27, 2016 12:11pm May 27, 2016 12:11pm
Quoting DasPips
Another thing to consider is your money management. Next time try setting your SL to BE+1 after 10-15 pips (depending on where S/R levels are). Sometimes it doesn't work out and will clip your SL and head back to your direction, but overall will help you to avoid additional losses which is more important.
yeah but it sucks also when it hits your sl and go back to your direction... lol
When life gives you lemons, make lemonade
  • #5,591
  • May 27, 2016 12:13pm May 27, 2016 12:13pm
Quoting DasPips
Another thing to consider is your money management. Next time try setting your SL to BE+1 after 10-15 pips (depending on where S/R levels are). Sometimes it doesn't work out and will clip your SL and head back to your direction, but overall will help you to avoid additional losses which is more important.
I will make sure that whenever i am doing my trades i will try to reduce the overall trading volumes that i am using in my trades and that will in turn help keep a check on the losses
FXOpen - International True ECN Broker
  • #5,592
  • May 27, 2016 12:27pm May 27, 2016 12:27pm
Quoting micho
{quote} my problem is, the smart money that leaves a fingerprint about certain resistance/support level in a certain trend... will allow the price to retrace to just below/above that same level allowing traders to enter the market thinking there will be a trend continuation then suddenly break that price in the opposite direction leaving another fingerprint. in this way my stop loss is getting hit by that same smart money that lured me to enter a trade... it is impossible to guess if this will happen or not when you enter a trade. sometimes it works...
I understand , may I ask you to check Sisse posts/exercices in The Really Useless Thread , I am almost sure that you will find an answer in his posts about mapping a trade .
Get Rich or Die Tryin
  • #5,593
  • Edited 1:11pm May 27, 2016 12:32pm | Edited 1:11pm
Live J.Y

http://www.cnbc.com/watch-live/partn...&autoPlay=true

Edit check new link

http://www.forexfactory.com/news.php?do=news&id=592680
  • #5,594
  • May 27, 2016 1:18pm May 27, 2016 1:18pm
30 pips to the bottom of the channel.

Closing shorts and awaiting with interest the June rate hike that probably won't happen.
Why sell the bottoms when you can buy the tops...
  • #5,595
  • May 27, 2016 1:21pm May 27, 2016 1:21pm
Quoting Pharm0r
Not counting on a June hike. Why risk it with Brexit- July a better time to make an informed decision while still on track {image}
incoming..
  • #5,596
  • May 27, 2016 1:35pm May 27, 2016 1:35pm
okay. I see,... dollal gonna fly till Jun 15th ...
  • #5,597
  • May 27, 2016 1:58pm May 27, 2016 1:58pm
Quoting Pharm0r
{quote} incoming..
Took another UJ short at 110.40
  • #5,598
  • May 27, 2016 2:27pm May 27, 2016 2:27pm
Quoting Don96
{quote} Took another UJ short at 110.40

Lucky son of a.............
The coincidental success is more dangerous than the expected failure
  • #5,599
  • May 27, 2016 2:55pm May 27, 2016 2:55pm
Quoting Don96
{quote} Took another UJ short at 110.40
lol
When life gives you lemons, make lemonade
  • #5,600
  • May 27, 2016 3:11pm May 27, 2016 3:11pm
Quoting Don96
{quote} Took another UJ short at 110.40
I like it!! Only reason i havent taken a short up there and dropped a SL 5/10 pips away is because of the long weekend. But any other day im right there with you
84 traders viewing now, 1 is registered: