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Porkpie replied Dec 3, 2010Yes, it was a good webinar. Interesting to see that he noted the level I identified on GU Daily as not being an important level. He did not elaborate but probably due to the number of candles in that area, but still a reaction non the less probably ...
Trading With Limit Orders
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Porkpie replied Dec 2, 2010I enjoy your writing style and you come across as a very knowledgeable trader. You are quite clear in your views about the use of indicators as a worthless trading tool in one of your threads, and I tend to agree. In particular your own style of ...
Thinking Outside the Box!?!
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Porkpie replied Dec 2, 2010With all that being said, picking the highest quality levels and patience is the name of this game, expecting and forcing one's self to trade everyday on sub par levels is not healthy imo.
Trading Supply & Demand Zones
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Porkpie replied Dec 2, 2010it came within a few pips of it on my platform. These levels are not an exact science but if you see a strong move away close to a level treat it as an indication of buyers getting on board and go with the higher time frame direction. Price is ...
Trading With Limit Orders
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Porkpie replied Dec 2, 2010The odds enhancers on the other thread define a supply/demand level and the scoring of each level using the odds enhancers helps to define the quality of that level. So its not about levels at different time frames but the larger time frame levels ...
Trading With Limit Orders
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Porkpie replied Dec 2, 2010Yes, the level wasn't strong but still a confirmation entry candidate. And yes, considering the consolidation on its way back to the level severly reduces your risk reward as a target it wasn't a great set-up at all. 5477-5277 area is my daily ...
Trading With Limit Orders
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Porkpie replied Dec 1, 2010The euro came very close to hitting the weekly demand but it didn't quite get there let alone hitting any daily demand levels. So may make another run down to pick up buyers at those levels. The GU however is clearer and has bounced off a daily ...
Trading With Limit Orders
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Porkpie replied Dec 1, 2010An interesting point on Frank's thread here about strong and weak levels in strong and weak trends.
Trading Supply & Demand Zones
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Porkpie replied Dec 1, 2010Yes well put. This is the dilema using supply and demand. But if using the weaker levels, keeping an eye on bigger picture supply/demand should keep one out of trouble in a strong trend. The current GU hourly supply level is a case in point ...
Trading With Limit Orders
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Porkpie replied Nov 30, 2010nice trades Blue. It seems the trend is still very strong that these smaller levels are easily profitable.
Trading With Limit Orders
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Porkpie replied Nov 30, 2010Talking of which, I have a swing buy limit order on euro/swissy at 1.2788, sl 2758 (weekly/monthly/yearly lows) tp 1st 3235, 2nd 3300 hikkake pattern? Not familiar with that.
Trading Supply & Demand Zones
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Porkpie replied Nov 30, 2010Yes, more wriggle room or when price breaks back through the lower band just re-enter. These miniscule levels with poor RR being reached during Frankie's hour (european open fakeout) then tank at the London open are proving to be solid trades, but ...
Trading Supply & Demand Zones
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Porkpie replied Nov 29, 2010True, but if you ensure you have a solid set of rules of when to enter it makes pulling the trigger a whole lot easier, then you really are playing the probabilities. If you don't have solid rules then you are less likely to be consistent and the ...
Trading Supply & Demand Zones
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Porkpie replied Nov 29, 2010agree. Not every level should be defined as a supply/demand level. The odds enhancers help you pick the higher probability levels. Use them for every trade and you will eventually identify them automatically without the list. But the list is very ...
Trading Supply & Demand Zones
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Porkpie replied Nov 24, 2010Nice trade, great entry off the 5min (within the hourly supply zone - looks like you are showing a supply level from a 5 min on the hourly chart? If not then the supply zone needs to encompass the bodies of the candles and the upper wicks on the ...
Trading Supply & Demand Zones
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Porkpie replied Nov 24, 2010I second this too. One of only a few valuable threads here on FF. BB: nice trades as always.
Domino's Price and order flow trading
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Porkpie replied Nov 22, 2010Nice work Brian. This shows simple works especially with the higher time frames with a bit of patience and most of all leaving it to let it do its stuff. I like your use of weekly highs etc (good ol Steve Misic loves his supply/demand at weekly ...
Trading Supply & Demand Zones
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Porkpie replied Nov 16, 2010Understand the logic of the market. If you don't understand then why would you use indicators to tell you something you do not understand? If you do understand then you would know how to use indicators properly. But then you would probably not want ...
People say systems don't work (only pure price action does)
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Porkpie replied Nov 16, 2010Great stuff. I use 5min but mostly 15m for intraday, but I mainly trade the 4hour which has been the most reliable.
Domino's Price and order flow trading