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Porkpie replied Nov 15, 2010trading by understanding order flow works on any time frame. I am assuming you meant useless short term strategies not long?
Domino's Price and order flow trading
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Porkpie replied Nov 9, 2010Hi Bill, yes I wanted to hide behind some supply (prior minor demand level), so I thought that would be the logical place. I then closed in as it reached the $1 target area. Surprised to see it shoot back up again from there. Dollar strength across ...
Trading Supply & Demand Zones
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Porkpie replied Nov 9, 2010yes, agree with this and I like the idea of splitting trade within the zone also as Seiden has mentioned. Took short on USDCAD at 1.0060 earlier. Currently within 1 hour demand watching for further momentum downwards stop at 26.
Trading Supply & Demand Zones
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Porkpie replied Nov 7, 2010Noticed you are using the wicks for your levels in some cases. There isn't a rule set in concrete for applying these zones but I just wondered if you had a particular reason for using the wicks and not also the meat of the candle?
Trading Supply & Demand Zones
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Porkpie replied Nov 5, 2010It will be interesting to see how this plays out over the next few days. With the dollar reaching daily and weekly demand areas and GU (already within the weekly zone) and EU reaching for Daily and Weekly supply. Lower time frame confirmation at ...
Trading Supply & Demand Zones
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Porkpie replied Nov 4, 2010imo the trend is too strong. Given that we have a bounce already off the weekly supply and the strength of the current trend back into that supply, its best to stick with the trend. There was a nice bounce off a 4hour level at 6042 yesterday.
Trading Supply & Demand Zones
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Porkpie replied Nov 2, 2010There is a lot more pressure for price to go down than back up but the bulls are putting up an impressive fight. The swing high on the 29th October (GMT) (H1) could also be a contributing factor to the speed bump reversal, as it has acted as ...
Trading Supply & Demand Zones
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Porkpie replied Nov 2, 2010nice one. Its also right at the top of higher time frame supply (revisiting the weekly), so high probability trade.
Trading Supply & Demand Zones
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Porkpie replied Oct 31, 2010Looking forward to your analysis especially as you are an OTA student.
Trading Supply & Demand Zones
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Porkpie replied Oct 24, 2010does that include the 48 hours to choose which colours you will use on your charts? lol
Advice I wish I had as a complete forex newbie
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Porkpie replied Oct 24, 2010Seiden's free teachings only show a fraction of how he trades. If people want to follow that then that's their choice. It may help, but just a little. The thread mentioned is a case in point.
Trading Supply & Demand (ob & os)
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Porkpie replied Oct 23, 2010ha! — I love it. This thread is right up there with Merlin's Amazing Strategy thread, and words of wisdom from warped trader Mr Albert Tater! Nice one yead you have them all fooled.
Advice I wish I had as a complete forex newbie
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Porkpie replied Oct 19, 2010Motion into Mass — Careful with taking counter trend trades so soon after price has tanked down off that weekly supply level on GU (see the the huge pin on hourly). The odds are firmly stacked against you if you do. The further away higher ...
Trading Supply & Demand Zones
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Porkpie replied Oct 6, 2010I agree to some extent with this. The longer term trend will over power opposing supply or demand levels against it, unless it hits higher time frame supply or demand -which will either act as a reversal of the trend or a speed bump -temporary ...
Trading Supply & Demand Zones
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Porkpie replied Sep 29, 2010Very wise words. So lets take it to the next level. We are going to lose trades, that is inevitable, so we need good money management to make sure are losses are smaller than are wins over the long term. Your entry is only half the battle for ...
Trading Supply & Demand Zones
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Porkpie replied Sep 29, 2010I think its great that people are exploring ways to trade with supply/demand zones in this thread. But, lets not forget that its important to understand the logic. Firstly, it is wrong to compare Sho's levels of supply and demand to Seiden's. What ...
Trading Supply & Demand Zones
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Porkpie replied Sep 28, 2010hope you all made some nice pips (90 pips with a 2 pip drawdown)!
Trading Supply & Demand Zones
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Porkpie replied Sep 28, 2010interesting stuff, will look into that. Edit: ok his thread is a mish mash of styles. I think as long as there is consistency with seidens levels otherwise measuring performance is difficult and that has to be clear within this thread, and really ...
Trading Supply & Demand Zones
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Porkpie replied Sep 28, 2010Rob, if you go through the odds enhancers that demand level isn't strong at all. Ideally we look for the strong momentum coming out of the origin of the move not before it. However, and this is where it could get interesting, in a strong up trend as ...
Trading Supply & Demand Zones