s Supply, Demand and PA thread -
1 2 3 4 12 ...

thread: s Supply, Demand and PA thread

  1. #11
    Senior Member franl2's Avatar
    165
    quote Okay, today I get you. Can you mine to describe better your method that is engulfing please with some chart illuions? I heard from somebody that you're very good with this particular king setups SD. Cheers
    Here's a couple on EU. High quality zones have an foundation. Quite often a high candle body using a move away.

    Yellow boxes are engulfing, red arrows are retests once they became zones. You are able to get engulfing reversals and engulfing continuations which will become zones.

    I normally examine the candle body when molds and may already see it is going to form a zone until the indior prints.

    Not certain why I did not exchange this setup to be honest. Still a little rusty after a fracture and being overly careful.

  2. #12
    quote Hi , since Red's old times in this forum I've nobody seen employing the whipsaw engulfing pattern. That's strange because it was a really important piece of Red's trading design and most of the high leverage SD traders (KennyZ, , ...) consistently say how much their trading relys on what Red has teached. That's what makes me wonder.
    MCFly, I'd like to chime in if I could. What you have outlined here's something I have been banging on about for many years : I expect would agree that the high influence traders you cited quickly drifted away from the original thesis regarding the whipsaw engulfing pattern. In some cases they drifted so far away it went outside the horizon.

    Somewhere in PIE crimson stated that Sam Seiden's zones had impacted his trading. What followed on was a discussion about using whipsaw engulfing patterns in Seiden's zones (especially the RBD/DBR) as a way of entrance confirmation. For me personally, magically, these announcements (and crimson remains the sole trader I've ever encountered that was able to convey this clearly) identified something in price-action that I now regard as a universal.

    Red's article are still a great read

  3. #13
    Senior Member franl2's Avatar
    165
    quote Do not try to tell me there is nobody who began side account with $10,000 and simply traded that emotionlessly with 30% a month. I simply don't believe there isn't anybody like this. The problem is that the someone could make $68.6 billion in just five years. From the end of January during the year, that someone would be richer than Bill Gates. What am I missing?
    I was you 6 or 7 years ago. I did the maths with comparable compound calculations in excel and thought these kind of unlimited exponential profits were possible.

    After 2 years of trading, including a 6 month period of trading full time, cold hard reality sets in.

    you might need to experience it to understand it.

  4. #14
    Senior Member franl2's Avatar
    165
    quote C did you brief the very best!?
    Oh I was just demoing a weekend scalping with Bitcoin and abandoned a few shorts on.

    Completely forgot about them had a strange impression there was a top was coming with the plogical $20k and of the publicity it getting.

    Was surprised to observe the stop did not get taken out.

  5. #15
    Junior Member Paulirmcf's Avatar
    17
    Decided to dust the charts down on the weekend. Anyone ch this? H4 fad, H1 zone, M15 PA.. Stop loss, level, goal. Planning to grab just a few of these weekly around full time 9-5 job, so will see if it is viable.
    Very nice trade! I took exactly the exact same one.


  6. #16
    quote Sometimes I would do in a range but almost all losses at which a stop loss is hit are countertrend trades. Also zone breaks with engulfing PA frequently make even better admissions compared to zone reversals. You wont find these types .
    I expect to find some example of these engulfing breaks when you are going to have the opportunity.
    Due

  7. #17
    Senior Member franl2's Avatar
    165
    quote @ When I understood correctly you just trade with the trend rather than counter-trend trades. Is that right? Cheers
    Sometimes I might do in a range but almost all losses where a stop loss is hit are countertrend trades.

    Also zone breaks with engulfing PA often make even better entries than zone reversals. You wont see these kinds.

  8. #18
    quote You've just got to try and go for the flow of this market rather than attempting to combat it. I struggled with this idea on attempting to always pick reversals and getting stopped out loads. SD is about reversals. Attempt to exchange D1 H4 off and utilize LTF just and provide you a RR ratio. It require a lot of exercise and it will feel awkward but it's rewarding.
    @

    When I understood correctly you just trade with the trend rather than counter-trend trades.
    Is that correct?
    Cheers

  9. #19
    hi c-12 I noticed there was nothing behind this trade ? No h4 then who sold ?
    I try to make a guess. When a htf trend has established it is fine to trade pockest of sd in the direction of this trend. He trades the developement of a new zone when the PA is right even prior to the indior indies the zone. Supporting reasons probably are a round number and SR.. I really don't know if it's provided some motives because my USDX information feed becomes stopped what gets on my nerves, exactly what the USDX was doing.

  10. #20
    Senior Member franl2's Avatar
    165
    quote Alright I have to consider that. It seems like I have to delete some routines and recalibrate the way to consider the charts. That is meant when people say keep it simple but it's not simple.
    You have just got to attempt to go for the flow of the market rather than attempting to combat it.

    I struggled with this concept early on attempting to consistently pick reversals and getting stopped out heaps. SD learning material is about reversals.

    Attempt to trade off D1 H4 and use LTF just for tightening up entrances and provide you a good RR ratio. It require a lot of practice and it will feel awkward initially but it's worthwhile.

  •