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Trading Institutional Order Flow

  • #461
  • Jun 2, 2016 2:55am Jun 2, 2016 2:55am
Quoting MadMojosss
{quote} I don't know jet. I'd like to test Supply and Demand for all 2016 and if I will feel secure begin in real next year. I use S&D from 2 months, I feel myself at ease but I need more practice
A good plan Madmojoss.
Let me know if you need any help when you do decide to go live.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #462
  • Jun 2, 2016 3:08am Jun 2, 2016 3:08am
Hi Akt,

I just want to start some discussion about the overshoots. When the price go over the zone, but the zone still holds. I found this example today:

GBPJPY H4:

Attached Image (click to enlarge)
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I started to investigate, what caused the price to stop. Nothing found on H1. And finally found the suspect on the M30 timeframe (which offered a perfect zone).
Attached Image (click to enlarge)
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I think it's important question on the stop-loss. I always place my stop-loss over the zone. BUT sometimes I dont know how far, or how to measure? Have you got a rule for that? Or it doesnt matter to consider it?

What do you think my fellow traders?

And finally a nasty example : SP500 not long ago (far,far away in the galaxy...)
Attached Image (click to enlarge)
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  • #463
  • Jun 2, 2016 4:37am Jun 2, 2016 4:37am
Quoting kunzerk
Hi Akt, I just want to start some discussion about the overshoots. When the price go over the zone, but the zone still holds. I found this example today: GBPJPY H4: {image} I started to investigate, what caused the price to stop. Nothing found on H1. And finally found the suspect on the M30 timeframe (which offered a perfect zone). {image} I think it's important question on the stop-loss. I always place my stop-loss over the zone. BUT sometimes I dont know how far, or how to measure? Have you got a rule for that? Or it doesnt matter to consider...
Well done Kunzerk.
You just found the concept of "refining" within the methodology.
I actually just recently went over this with one of my trader friends whilst discussing the methodology with him.
And you are absolutely correct, it is critical for stop placement.

Please note that you can also refine too much. It is usually more than enough to go down just one time frame to look more closely at your chosen zone.

Well done.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #464
  • Jun 2, 2016 5:00am Jun 2, 2016 5:00am
Hello everyone and good morrow to you all.

The Gbp/Usd this morning.

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: POUND DAY TRADER.PNG Size: 86 KB
Be careful what you think because your thoughts run your life..Solomon
  • #465
  • Jun 2, 2016 6:42am Jun 2, 2016 6:42am
Quoting Akt
Hello everyone and good morrow to you all. The Gbp/Usd this morning. best wishes{image}
Does that still qualify as a demand zone even though it did not take out the earlier supply (highest point on the chart)?
I see however that it did break the momentum trend line. Does it only need to meet one or the other criteria rather than both?
  • #466
  • Jun 2, 2016 6:59am Jun 2, 2016 6:59am
Quoting andys0506
{quote} Does that still qualify as a demand zone even though it did not take out the earlier supply (highest point on the chart)? I see however that it did break the momentum trend line. Does it only need to meet one or the other criteria rather than both?
Hello ands506, good to meet you.

please see the annotated chart below for the response to you question.

and, yes, only one criteria is required. Fulfilling both gives added strength

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: gbp andy.PNG Size: 98 KB
Be careful what you think because your thoughts run your life..Solomon
  • #467
  • Jun 2, 2016 7:13am Jun 2, 2016 7:13am
Hello everyone.

GBPUSD. Trade outcome.

Retail can be successful. Don't give up, don't give in. It is possible

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD trade outcome.PNG Size: 96 KB
Be careful what you think because your thoughts run your life..Solomon
  • #468
  • Jun 2, 2016 8:10am Jun 2, 2016 8:10am
Hello everyone.

Potential opportunities in Oil

best wishes

Attached Image (click to enlarge)
Click to Enlarge Name: crude oil day trader.PNG Size: 69 KB
Be careful what you think because your thoughts run your life..Solomon
  • #469
  • Jun 2, 2016 8:14am Jun 2, 2016 8:14am
Quoting Akt
{quote} A good plan Madmojoss. Let me know if you need any help when you do decide to go live. best wishes
Sure! Thanks for your help my friend!
Limit your loss, save partial gain and let the profit run!
  • #470
  • Jun 2, 2016 8:41am Jun 2, 2016 8:41am
Quoting Akt
{quote} Hello ands506, good to meet you. please see the annotated chart below for the response to you question. and, yes, only one criteria is required. Fulfilling both gives added strength best wishes{image}
Hello Akt, learning a lot from you. I have a question regarding GBP/USD. I have marked the zone with red circle.
Another question is why the target on the recent gbp/usd trade was the place you marked on the screen shot.
And the last question regarding kunzerk's question on overshooting the zone. You are telling that one should refine the zone on a LTF, but even if that zone is refined on LTF the highest point of that base will not change, so SL would be above it anyway? So are the overshoots expected to happen sometimes?
Thanks in advance.
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  • #471
  • Jun 2, 2016 9:09am Jun 2, 2016 9:09am
Quoting bodring
{quote} Hello Akt, learning a lot from you. I have a question regarding GBP/USD. I have marked the zone with red circle. Another question is why the target on the recent gbp/usd trade was the place you marked on the screen shot. And the last question regarding kunzerk's question on overshooting the zone. You are telling that one should refine the zone on a LTF, but even if that zone is refined on LTF the highest point of that base will not change, so SL would be above it anyway? So are the overshoots expected to happen sometimes? Thanks in advance....
Hello bodring. Nice to meet you.

Regarding the concept of "Refining".
Step 1 - identify the zone you want to buy or sell at (on the entry time frame chart)
Step 2 - Go down one time frame lower to take a closer look at the zone.
Step 3 - where possible, and if necessary, "refine the distal line (and occasionally, the proximal line) to pinpoint where the move actually started from.
Step 3 - Stops go below the origin of the move, below the distal line

Please note, refining a zone must by definition make the zone a bit wider. Better wider than see the trade stopped out only to go as expected.

Kunzerk showed a great pictorial in his post of an example of refining.

Regarding your questions on the gbp/usd trade, please see below.

best wishes

Attached Image (click to enlarge)
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Be careful what you think because your thoughts run your life..Solomon
  • #472
  • Jun 2, 2016 9:34am Jun 2, 2016 9:34am
hi everybody

let's see my brent
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regards,
sonigl
  • #473
  • Jun 2, 2016 9:44am Jun 2, 2016 9:44am
Hello akt,
not something you want to wake up to. Should i have put a tp at the nearest supply zone on the h4? Im gonna see how this plays out.

Thanks.
Attached Image(s) (click to enlarge)
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  • #474
  • Jun 2, 2016 9:49am Jun 2, 2016 9:49am
Quoting goathed1
Hello akt, not something you want to wake up to. Should i have put a tp at the nearest supply zone on the h4? Im gonna see how this plays out. Thanks. {image} {image}
Oh man...

I am afraid so goathed.
Remember the lesson bro.

Actually, you want to be out just before the opposing zone

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #475
  • Edited 10:45am Jun 2, 2016 10:27am | Edited 10:45am
I'm wondering if you should add a higher time frame to your set ,gbp nzd gotta be the most wild pair out there,so far its been in freefall

Quoting goathed1
Hello akt, not something you want to wake up to. Should i have put a tp at the nearest supply zone on the h4? Im gonna see how this plays out. Thanks. {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: NZD (DFB).png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #476
  • Jun 2, 2016 10:54am Jun 2, 2016 10:54am
Ya, I should keep my eye on a daily. I like action which may be my downfall. My ultimate goal would be scalping H4 zones. I really don't want to be in trades that long and limit my exposure. This was completely my fault I should of got out at the nearest zone take my profit and look for the next opportunity. I know it may be alot of work but I would like my higher timeframe to be H4 and possibly Daily. I'm not really concerned with a weekly or monthly because I plan on getting in and out within 15 min to a couple hours.
Thanks.
Quoting Bones
I'm wondering if you should add a higher time frame to your set ,gbp nzd gotta be the most wild pair out there {quote}
  • #477
  • Jun 2, 2016 11:15am Jun 2, 2016 11:15am
Hi G im not sure who the students are or whats been discussed ,just trying to get my head around the process

I'm wondering ,for Akt ,what sequence would you recommend ,for someone new to trading
how many charts ?
what is your own preferred sequence now?
I think I've noticed mostly theres a 3 chart ,but then the we must wait for a signal PA ? on the highest for permission to trade that direction ?then lower tf?
appreciate in advance
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #478
  • Jun 2, 2016 12:10pm Jun 2, 2016 12:10pm
Quoting Bones
Hi G im not sure who the students are or whats been discussed ,just trying to get my head around the process I'm wondering ,for Akt ,what sequence would you recommend ,for someone new to trading how many charts ? what is your own preferred sequence now? I think I've noticed mostly theres a 3 chart ,but then the we must wait for a signal PA ? on the highest for permission to trade that direction ?then lower tf? appreciate in advance
Hello Bones, and welcome.
Thank you for the question.

It's a very personal decision each trader has to make.

A lot for the trader to take into consideration before even opening a chart.

What stage is the trader at in his or her life socially, financially etc.
If you are young and single, looking for a mate, socializing and the like, the trader will not have much of a chance to sit in front of a screen for hours day trading,,,,, he has got bigger fish to fry dating etc.
It sounds facetious but it is very important.
Unless the trader is ready to sacrifice a large chunk of his/her social life it will be a struggle balancing both sides.

If the trader is in a day job, got a small family, little kids, a wife who knows little about trading, etc, it is going to be challenging again sitting in front of screens being a day trader when little johnny wants a diaper changed and the Mrs is giving the eye or is just caught up with other things.

You get the point.

Each trader must first evaluate their situation and decide

In terms of how many charts, to start with, ideally no more than 4 (3 is even better). There are many moving parts so simple is best

I primarily trade the M-W-D time sequence. I am not averse to day trading but only when i have the time.

Supply and demand is just that, If a trader decides to include price action in that decision making process then he/she must have rules around that. The core foundation must always be supply and demand zones

Where am I?
How did i get here?
Where do i get in?

Those are the 3 questions a S.A.D puts to the charts.

i hope that helps.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #479
  • Jun 2, 2016 12:10pm Jun 2, 2016 12:10pm
Your time sequence will depend on whether your a position , swing , or day trader. You find your curve on highest timeframe and look for entries on lowest timeframe in sequence. The middle timeframe isn't necessary if your already high or low in the curve. Hope that helps. Akt, will give you more in depth info I would recommend watching his videos on YouTube at storehouse analytics
Thanks.
Quoting Bones
Hi G im not sure who the students are or whats been discussed ,just trying to get my head around the process I'm wondering ,for Akt ,what sequence would you recommend ,for someone new to trading how many charts ? what is your own preferred sequence now? I think I've noticed mostly theres a 3 chart ,but then the we must wait for a signal PA ? on the highest for permission to trade that direction ?then lower tf? appreciate in advance
  • #480
  • Jun 2, 2016 12:22pm Jun 2, 2016 12:22pm
Thanks A ,
enjoy reading your thread ,approach ,and what your looking to achieve ,always lots to learn

highest regards
Tony

Quoting Akt
{quote} Hello Bones, and welcome. Thank you for the question. It's a very personal decision each trader has to make.
ope that helps. best wishes
On-site guru & also FF member's' psychiatrist, when not drinking tea
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